Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: John NY who wrote (29921)	3/29/1999 1:04:00 AM
From: Jenna	Respond to of 120523

More upcoming articles: Firstly, thanks..traders for lots of positive feedback this weekend. In the ensuing couple of weeks before earning season sets in, there will be about 5 or 6 articles with illustrations about some of the 'popular' chart patterns that we will use. They will be 'adapted' to the techno-fundamental process Market Gems uses for its strategies. The articles will be to explain simply terms like 'head and shoulders' and 'cup and handle', ascending triangle, etc. I can't promise there will be 8 charts a day but about of 5 out of the 10 picks will have detailed charts. I have been reading more on chart patterns and see that they have is a whole lot in common with my Telescan scanning software. The CANSLIM approach to technical and fundamental analysis works its way beautifully into chart patterns (triangles, pennants, heads & shoulders, Cup & Handles, v-cup & handles, double top and triple top breakout, symmetrical triangles etc.) The chartist and pattern traders are all essentially looking for strong stocks in uptrends and filter for high relative strength which is just what I was doing before pattern smashers, just not as graphically. Using both telescan's powerful prosearch in combination with Pattern Smashers, and Technifilter for point & figure breakouts, should work well and as soon as I'm more or less mastered them they will find their way more and more into watch lists and newsletter charts. We are looking for the simple, not the mechanical computerized number crunching lists of a hodgepodge of stocks, but patterns after first using Prosearch and/or techifilter and/or Metastocks's to scan for the strongest stocks, with volume surges, stocks with accelerating earnings quarter after quarter. The whole process from stock selection to final entry and even exits are all function of our techno-fundamental approach. Of course our 'nets will be filtered constantly to find the patterns inherent in them as well. Except we substitute revenue sales growth, cash flow, etc for EPS. Nothing escapes our 'fundamental criteria' We just adapt it.