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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (4734)	2/8/2005 9:28:41 PM
From: sandintoes	Respond to of 8752

How about something like SCANLOT...or LAZYLIST...or I'll be thinking.

To: Vendit™ who wrote (4734)	2/8/2005 9:57:58 PM
From: Jill	Read Replies (2) \| Respond to of 8752

Let's see... QUICK SCAN KWIK SCAN SPEED SCAN SCANFAST

To: Vendit™ who wrote (4734)	2/8/2005 10:22:13 PM
From: sandintoes	Read Replies (1) \| Respond to of 8752

Or another..Spanscan...

To: Vendit™ who wrote (4734)	2/8/2005 10:59:19 PM
From: Walkingshadow	Respond to of 8752

Hi Reid, Check this out. OSIP missed earnings by about a mile Monday after the close. Gapped down at the open today of course, but then..... a classic example of supportive volume stopping a free-falling stock dead in its tracks: 139.142.147.22 This is why I like to carefully watch volume patterns! Here's the 5-minute chart: 139.142.147.22 You can't see it as well here, but on my charts there is a classic reversal candle (Doji) right at the bottom at 11:45am, at the second-higest volume spike of the entire day. The very next candle is green, with an open and close above the Doji, and volume evaporating (half as much as the previous 5-minute period). THAT is the buy signal, which would have executed at about $59.25. If you sold going into the close, that would have netted 4% on the day. If you were slick enough to short OSIP at the open, then covered at the Doji and flipped long when the volume and subsequent candle signaled reversal, that would have been gotten you more than 9% on the day. With 20/20 hindsight, a short at the open would not have been an unreasonable approach at all. After a huge earnings miss, it could be anticipated that the market would punish OSIP, but the fact is that is only gapped down about 2%. Given that small of a gap down, it is reasonable that the market would take OSIP down from there. T