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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: shasta23 who wrote (12434)2/18/1998 2:41:00 PM
From: Dave H  Read Replies (2) | Respond to of 79306
 
Hi Stefan,

I've been busy writing my own scanning programs from scratch (currently as a java application) using the TC2000 datafeed.
I've been working on the Sequential for a few weeks and am still getting some kinks out of it. I hope to add other demark indicators as well, and eventually add a charting module to see it all graphically.
I decided to write my own scans since I like to have complete control over everything, and also nothing was available for the TC2000 data feed which I subscribe to.

For now, each week on the weekend I plan to scan for sequentials that are on day 11 or 12 of countdown, filter them through IBD EPS rankings (by hand, unfortunately!) and then use that as the basis for a watchlist, at which point other TA & FA can be applied to further filter the list. I plan to post my list on the sequential thread, and perhaps here if there is interest.

Oh, as for your question about how I knew a stock was on day 6 of the countdown, my program will also take individual tickers and give you the current state of things, such as the most recent sequential, all past sequentials, TDST values, (I've even just started playing with TDROC1 signals). I plan to add the TD COMBO very soon, as I'm interested in seeing if it is any more accurate than the sequential which seems to have been discounted somewhat, though it is still amazingly quite effective. TD COMBO is more complicated than the sequential to do by hand so I'm hoping it might give some good results.

Sequentials are a great way of getting a list of stocks ready for turn-arounds, but I've seen many that don't work out, so you definitely need to use the sequential only as a starting point for additional research.

-dave