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Strategies & Market Trends : TA- Scans and System Tests

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To: Liam Kingsmill who wrote (409)3/11/1997 12:37:00 PM
From: John Langston   of 989
 
Liam: (Your name has character.) The industry group scan is constructed with the following criteria:

Group Rank Top 40%
Group Rank Change 1-Week --- High 100% (meaning, relative importance
heirarchially-speaking)
Group Rank Change 3-Weeks --- High 100%
Group Rank Change 6-Weeks --- High 60%
Group Rank Change 13-Weeks --- High 20%

The scan works on a database of approx. 10,000 stocks. I limit it to the top 20 industry groups each day. The "companies" are ranked according to EPS/RS with the cutoff minimums set @ EPS=70, RS=80. That's it. I don't know that you could use this scan very well outside of Telescan ProSearch. Let me know if you discover a way.

I'm wondering. . .is their such a word as "heirarchially-speaking?" And if so, did I spell it properly. Where's Bryan when you need him. (g)

John
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