Thanks for your thoughtful insight TLC. I guess we should consider the market condition. But on the other hand when 50 DMA cross downward to 200 DMA, the results were just the opposite even in the bull market. (It seems the Golden Cross downward works even better for screening short candidates)
I wouldn't blindly follow this Golden Cross, but so far I think this is a pretty good screening method with a high success rate.
I am going to follow these 14 stocks for next 3 months.
Long: CASB-16, HKT-27, PTI-24, ATLB-23, IDTC-30, CZN-10, ESV-17 finance.yahoo.com
Short: ASC-32, AAPL-39, CGLA-16, CBXC-18, GVA-27, KROG-29, RESM-28, quote.yahoo.com |