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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper -- Ignore unavailable to you. Want to Upgrade?


To: The Jedi who wrote (51)1/3/1998 2:47:00 PM
From: Darth Trader  Respond to of 438
 
Kiri and Marlin, Thanks for posting. I use this Q+ scan for finding strong stocks to go long in - when I think the market will stay bullish like right now <gggg>:

//start
// 50 day Hi Scan
// Find a new 50 day high

AllGroup

Close(0) > Max(-1 , -50 , cl )

AvgVol(0,-30) >= 250 // = 25,000

Close(0) > 5

//end

Here is a scan for strong stock that have been correcting:

//start
// 1234 HR setup
// Scan for Strong Stocks that have been taking a breather

Loop(-3,-5) // go back 3-5 days

AllGroup

Close(0)>Max(-1,-40,cl) //stocks that made a new 40 day high

Close(0) > 8 // at least an $8 stock

AvgVol(0,-29) >= 500 // The average volume is at least 50,000 shares

//end

I then run the .lst files through the 13 HR indicators.

The HR scans will give me plenty of High ADX stocks.

Here are some stocks that came across the radar screens this morning.

Longs
Stock,buy,stop
EAU,26.625,25.563 (though I think Utils are correcting see other posts)
JBHT,19,18.563
PRRC,10.50,10
HSB,55.75,53.75

Shorts
Stock,sell,stop
OXHP,15.688,17.25
EYES,8.688,9.50
BTIM,17.125,18.93
SRSV,19.875,21.00
PRE,46.25,47.25