Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (36478)	1/3/2000 7:44:00 PM
From: theRedDog	Respond to of 99985

Flats, I don't know if you are asking about programs or procedures, but here goes an answer: 1) I use the weekly 52 week new-highs list from Vectorvest. (I'm a subscriber) 2) I go (manually) through the list searching for stocks with certain characteristics. (Price in the teens, low debt, few shares outstanding, high growth, and a couple more) I usually get between 5 and 15 hits. 3) I refine the list further looking at trading volume, and a couple of subjective traits: chart shape, (MACD, stoch.) industry, etc. 4) That's it. I usually have free money to buy only a couple, so I choose the ones that best fit my criteria. 5) I hold them until they are down -10% to -15% from the buying price, or until the price violates a horizontal (or falling) 50 day moving average. It's not very automated (I'm a programmer, I should do better than that <g>) but it only takes me about an hour once a week. (And I enjoy it quite a bit) I had had spectacular results in the last 8 months, the time I've been using it in its current form) but in such a mo-mo market a monkey throwing darts should have done equally well. I haven't had the opportunity to check it in an non-trending market yet. I hope this helps, theRedDog.