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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Ken S. who wrote (3466)	2/13/1998 10:41:00 PM
From: Paul Beattie	Respond to of 11149

Ken, the stocks selected by BBB scan go into the set of stocks to watch. Some may pull back a bit before moving up again. What you've gathered is a narrower group to watch further. Most will be climbing the LHS of the mountain. Over time, you need to flip through this group and throw out any that no longer look interesting to you. Nightly scans which you use on this group will depend on your system and your trading timeframe. Only you can decide this. StochRSI is good to catch dips turning up. You can watch for cross up through 30. Other ideas: DNS>=7, DNS bouncing off 5. MACD(13,34,89) crossing trigger, 9ema cross 21 ema, CCI rising from <-100, MACD(5,35,4), Price crossing up/supported by 89 TimeseriesMA. Dahl Trend cross up through 0. There's great discussion of these indicators by people much more experienced than me. You have to decide for yourself what kind of situations you're looking for and use scans that let you focus in on them. I'm learning as fast as I can, I've just scratched the surface - but at a fundamental level, each person must understand something about themselves, their intended trading style, and the kind of stocks that "work" for them in the system of their choice. There's only so much time in a day (night<g>), so your scans have to help you focus on the kinds of situations you look for naturally. Scans save you looking at stuff you're not interested in. After all this focus on indicators, don't forget about support, resistance and trendlines. They give powerful messages too. You see these by visually flipping through your narrowed universe of stocks. Cheers, Paul