To: bdog who wrote (29989 ) 5/31/1999 7:15:00 PM From: j g cordes Read Replies (2) | Respond to
Hi bdog.. I used to be a manic scanner to where I was pushing spagetti around on my plate when I went out for Italian food. One of my first conclusions in attempting to find the "perfect scan" was recognizing that one only retrieves what one's scanning for... sorry if this sounds simple but its not. trading side of scan's, matching the historical probability of how many days or how large a move a particular set of technical conditions usually paid off. In other words a slow stochastic upturn with improving on balance volume would usually be good for a 4% move in the stock.. one would take the position and wait for a fast stochastic or Williams downturn to exit. This let me formalize to a minor degree how much and how long an after effect a particular scan condition, once met, might yield. have been (not might be) part of stock runs. I took those technical condition, shortened them up a little to hair trigger them and looked for future stock runs.
