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Strategies & Market Trends : Tom and Craig's Stock Scans -- Ignore unavailable to you. Want to Upgrade?

To: Tom Allinder who wrote (6)	8/19/1999 10:20:00 PM
From: Craig K	Respond to of 154

Tom, Glad to see you are on board, took the liberty of typing in parameters for myscan....can't print, or cut them...we can use this to fill in what some of our scans look like and post... 1. Exchanges: 1=NYSE, 2=Nasdaq 3=AMEX, 4= OTC BB 5=1&2 6=London 7=Toronto 2. Stock Price min - max 3. Minimum yesterday's closing volume 4. Minimum % price change today 5. Minimum $ change today 6. Minimum today's volume 7. Minimum % gap today 8. % within todays high 9. % within todays low 10. % within annual high 11. % within annual low 12. Minimum Quote size bid-ask 13. Todays Volume as a % of Average Volume 14. Quote Spread min-max 15. Volatility min-max 16. Earnings Per Share min-max 17. Price Earnings Ratio min-max 18. Market Cap in millions min-max

To: Tom Allinder who wrote (6)	8/20/1999 9:25:00 AM
From: Don Pueblo	Read Replies (1) \| Respond to of 154

Being at or near a high eliminates a lot of overhead resistance. Yes and no. In one important sense, you are correct, and most people don't understand this. In another sense, being at or near a high is a very strong resistance point. Correlate your idea with volume and you should see some interesting stuff. DeMark has a trend-line concept in his book that you would probably really like. Keep in mind that it is possible for a player with lots of money (a market maker, for example) to "stimulate" a stock and make it appear stronger on the chart than it might appear otherwise. The smaller the float and the cheaper the price of the stock, the less money it takes to "stimulate". An ordinary run-of-the-mill day trader can move a stock if he has a couple of million dollars to play with.