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Strategies & Market Trends : 99 RS stocks--WATCH THEM FLY HIGHER AND HIGHER -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (544)	11/26/1997 3:35:00 PM
From: Al Greenleaf	Read Replies (1) \| Respond to of 836

Myron - Farmer scan for Q+: Could, but did not define a breakout from base. Would need to decide days length of base, and variation allowed in percent or std deviation to do this. NO LUCK on IBD EPS. NO LUCK on GROUP STRENGTH, INSTITUTIONAL OWNERS, OR GROUP MEMBERS SETTING NEW HIGHS. YES-I have required a new high 1/2 point higher than in last 15 day base period, with a 50% volume increase over the 50 day vol mov avg., with Rel Strength (qrs) greater than 60. Just for fun, I said the qrs from a week ago had to be lower, and earnings had to be positive. Average daily volume is greater than 80,000, price is greater than 7, and yes, float is less than 40 million. I ran it today and got zero. Hm-m-m-mmmmm. Here is the scan. Any QP'ers are welcome to contribute: //Frm15 scan Allgroup Close(0)>7 Close(0)<45 Close(0)>(Max(-1,-15,hi) + .5) //one-half point higher than highest in 15 days Vol(0)>AvgVol(0,-50)1.5 //Volume is 1.5 50-day moving average AvgVol(0,-50)>800 //Average volume 50-day <80000 SharesOut<40 //Float <40 million eps>0 //Earnings are positive qrs(0)>60 //Rel Str gt 60