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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: TA2K who wrote (9237)	2/12/1999 4:17:00 PM
From: gonzongo	Respond to of 12039

oldies: geocities.com

To: TA2K who wrote (9237)	2/12/1999 8:30:00 PM
From: CatLady	Read Replies (2) \| Respond to of 12039

Nicholas, I almost don't want to answer your question, not because I'm trying to "hide" my version of the holy grail from everyone else, but because I really don't know what the right answer is. I rather doubt that there is any one right answer. As I read and test and trade my ideas evolve. As far as fundamentals, I want to find 'stronger' stocks, and weed out the 'weaker' ones. For a short term holding period, I don't think there's any need to get too fancy about a fundamental scan. You didn't say who your data vendor is. TC2000 has a great tool for ad-hoc scanning on some basic fundamentals. You can get the CD and try out the scans for free. tc2000.com Even if you don't buy the data updates, just playing with the scan tool should give you some ideas. I almost always include PE > 0 in my scans. And maybe EPS percent change in the upper 50% of all stocks. Daily volume above 150,000. Price over $5. I include those two because in my experience it's extremely hard to do reliable TA with anything less. Reading O'Neil should give you some more ideas, although I'm not entirely sold on the CANSLIM approach, it's a OK place to start. Hope this makes some sense.