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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (1305)	6/23/1999 1:52:00 AM
From: -	Read Replies (3) \| Respond to of 18137

Richard, An excellent suggestion, I believe what you say is true. Can you tell me, where can you readily obtain the float information? That would be smaller than shares outstanding - just the publicly traded shares we're interested in here, right? I would like to run this number routinely on every stock that I trade - I sure I'll find a strong correlation to the stocks that I like to trade, the ones that move well. Other related filtering criteria: Average True Range (ATR) in the stock (kind of another way of finding these - just the average heigth of the bar on the day chart), Volume filters (also related), and (once you narrow them down) look at the 5min chart+Level II, see how they trade. Also, ADX is an excellent screening tool to find high-ATR stocks that are trending. A little slow to kick in, but if you're searching a large database, it's an excellent tool. Tradehard.com (no affiliation) now has an interactive ADX-search tool, so you can now do this on their website. Weekend stuff, which pays off on the weekdays! Good trading, -Steve