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

To: Ken Adams who wrote (5930)	8/10/1998 3:31:00 PM
From: Jurgen	Read Replies (1) \| Respond to of 11149

The short game I've been playing the short side for a couple of weeks now. Makes me sleep better in the current environmnt. Just in case someone is interested, here's the scan for possible candidates Output="GBS Short.lst"; float fPriceChg, fVolChg, fYearHigh, fyearLow; ProcessMS="c:\Meta2\Scans\GBS Short", VMS; exchange=NYSE, NASDAQ, AMEX; fYearHigh:=max(-1,-250,cl); fYearLow:=min(-1,-250,cl); //VolChg in terms of its %age change above or below the 50 day average fVolChg:=0; if AvgVol(-1,-50) > 0 then fVolChg:=(Vol(0)/AvgVol(-1,-50)*100)-100; endif; fPriceChg:=Close(0)-Close(-1); if fPriceChg <= -1.0 and // min 1$ down close(0)<movavg(-1,50,cl) and fVolChg >= 100 then println symbol:-6, ", ",Description:-14, ", ",close(0):6:2, ",",fPriceChg:4:2, ",",Vol(0):8:0, ", ", fVolChg:6:0, ", ",PE:4:0, ", ",fYearHigh:6:2, ", ",fYearLow:6:2, ", ",QRS(0):4:0; endif; The setup is similar to Gary B. Smith's (TheStreet technician). It's quite simple, that's why i like it. Look for major broken support lines on unusual heavy volume. I prefer EPS/RS below 50. Don't use too tight stops, you'll see some dead cat bounces in the morning after a decline. Target: a couple of dollars, i try to exit before it hits the next major support. Played IMSI, BKI and UNH today. Comments welcome Jurgen