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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (9143)	5/31/1998 12:34:00 PM
From: Chris	Respond to of 42787

typical trade checklist: (print this out if you want) 1) review market trends. 2) review my css buy scans. a) do note how many scan hits. look at the few number of hits this week compared to a month ago.. it just shows how "weak the market" is. b) do note what industries are getting the scan hits.. surely no techs in my latest css scan hits. 3) for each scan hit, i look at the weekly chart. 4) then zoom to daily if #3 passes. 5) then check sector chart 6) check any news/next earnings date. check SI thread. 7) check telescan ranking info. this is my fundmental analysis screening. very crude/unfancy, but it works. 8) find exact entry/exit. mental stops. a) draw all supports/resistance points. trendlines. fibs. 9) execute the order. typical trade planning -> 1-3 hours.

To: Electric who wrote (9143)	5/31/1998 12:46:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

[ LOW ] close to daily sell -- ie: right now, it's overbought.. exchange2000.com CSS II: Analysis of LOWES (LOW) Reviewed on 5/29/98 ************************** High: 80.125 Low: 77.938 Close: 79.188 Change: 1.438 (1.8489%) Volume Today: 1,121,200 shares. On 5/29/98, LOWES closed up 1.4375 at 79.1875 on volume 39.21% above average. ************************ Summary: Moving Averages LOWES closed at: 79.188 The close is currently Above its 5 period exponential moving average (77.7075). The close is currently Above its 9 period exponential moving average (76.4526). The close is currently Above its 21 period exponential moving average (73.7715). The close is currently Above its 50 period exponential moving average(69.9276). The close is currently Above its 200 period exponential moving average (56.3680). ************************** Candlesticks (Automatically done by Metastock. Accuracy Unverified) A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 23 black candles for a net of 2 white candles. A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 6 rising windows in the last 50 candles--this makes the current rising window even more bullish. A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.