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Strategies & Market Trends : The Market Beacons -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (434)	3/14/2001 8:24:11 AM
From: Bocor	Read Replies (1) \| Respond to of 1298

curious about your scans....do you consider anything fundamentally on a stock? for example on CHIR, it got a price target of $45 yesterday and has a PE north of 800, so what is the upside in that stock? Just curious as to how you figure your long picks?

To: Magnatizer who wrote (434)	3/14/2001 10:47:17 AM
From: Magnatizer	Read Replies (1) \| Respond to of 1298

REDO: Scan hits intro This scan attempts to find stocks which are extended (either up or down). I watch them for topping/bottom bars to form. If the value on the right is negative they are LONG candidates, if it is positive they are SHORT candidates. In general the scan finds stocks which are good for 2-3 day swing trade. No FA involved in the scan. Just short term technical setup. Multiple listings mean nothing. Stock was just located in more then one of the scan folders. Also, there will be an occasional stock turn up which is no longer valid (sellout, change name, etc). I am not checking this list before I post it so there will be some which slip through the cracks before I can delete them from my database. ht Mag