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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (3514)	10/23/1997 9:14:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 120523

A different kind of watch list: 10/24 I ended up with a little more time on my hands than I had planned tonight, so I decided to look beyond my normal analysis - especially since this was a differnt kind of trading day. What I found surprised me. Of the 50 stocks in my primary watch list (the one that gets all the analysis - since I'm leaving town I didn't run the other 250), only four were up. MTIC being the big winner. However, when I exported all the data to the spreadsheet to run the REI, a very peculiar pattern showed up. All but 2 of the 50 stocks were above their low for the day ( the other two closed at the low, obviously). That meant almost EVERYTHING rose after hitting some sort of bottom - usually 20% are at the day's low. So 96% of what I watch closed up from the day's low. This is a very good sign for tomorrow. I started playing with the intraday o/h/l/c numbers and decided to post the following as my watch list: MTIC........16.562 INDV..........5.062 UCMP.......10.750 TXB............6.062 MSPG.........28.75 Each of the above had more than a 6% climb from the day's low (top two were over 9%), AND a drop of less than 3% from the day's high. In other words, they moved up the most after hitting the shallowest bottom. Perhaps that means they are good candidates for continued strength tomorrow, at least to the previous day's high (Wednesday's, that is). Perhaps it means I had too much extra time on my hands... the following closed closest to their intraday high (less than 1% drop), although I am not seeing anything significant in any of the other analyses on these: CXIM closed at the intraday high of 6.375 CU...........29.875 SFA........19.625 BGEN.....33.75 AAM......12.937 SGI........15.937 Trade well gang, and have a safe weekend. lastshadow

To: AlienTech who wrote (3514)	10/23/1997 9:22:00 PM
From: LastShadow	Read Replies (4) \| Respond to of 120523

Alien Tech: "The TA would have shown this but TA takes time and it always shows after the fact." that depends how you use TA - it can be very predictive for certain indicators. Take Stochastics, for example, I have been having a running email dialog with a brilliant PhD in Mathematics who is programming Stochastics into Perl language for interative website/chat room use. The only viable and reliable use for Stochastics is to plot the 39 day K with a 3 day slowing, weighted. Forget SD, SK, D, etc. Set the Overboughtt/OverSold indicator to 50% and buy when it crosses above and sell when it starts back down from a leveling of a week or more. That alone will make you a small fortune. Use the Chaikin Oscillator and buy on spikes up and sell when it crosses below the moving average. Use the % Williams Accum/Dist to watch for movement below the moving average or sharp drops - that indicates a coming selloff. When I get back I will post some basic TA (ie - fast, simple and something you could calculate in a spreadsheet if necessary) unless someone objects. lastshadow