StockFetcher Forums · Filter Exchange · big time bottom alert seem to be having a 8-16-07 bottom soon<< 1 2 3 >>Post Follow-up
maxreturn
745 posts
msg #58800
Ignore maxreturn
modified
1/7/2008 4:23:04 PM

Karen, I haven't tested Mary's filter so I can't speak for it's accuracy. Keep in mind the 20d indicator is simply Mary's definition of an oversold stock. As you probably know it may very well work when the broad market is in an uptrend but you'll get killed if you try to find bottoms when the market is in a free fall. In answer to your question about stocks that have topped you could simply flip around Mary's filter:

Fetcher[set{20d, close divided by ma(20)} and stock is optionable and average volume(50) above 500000 and price above 15 and 20d above 1.1 and draw ma(20) and add column 20d and sort column 5 descending and price below ma(200)]



This filter finds stocks whose close is at least 10% above the 20 day moving average. Note that I also added in "price below ma(200)". I'm a big believer in only shorting stocks that are trading below it's ma(200) and ideally the ma(200) is also downsloping. Opposite is true for buys.

Good luck
Max



nikoschopen
2,824 posts
msg #58805
Ignore nikoschopen
1/7/2008 5:13:44 PM

Not only will 20d kill you in a downtrend, one of SF favorites for all seasons (that's right, "RSI(2) below 1") will kill you just as fast, if not faster.

maxreturn
745 posts
msg #58807
Ignore maxreturn
1/7/2008 6:23:18 PM

Niko, righto! If only it were so easy eh?

karennma
6,827 posts
msg #58811
Ignore karennma
1/7/2008 7:41:45 PM

Interesting ....
"below 200 dma" gives me only 1 pick.
"above 200 dma" gives me 11 picks.



StockFetcher Forums · Filter Exchange · big time bottom alert seem to be having a 8-16-07 bottom soon<< 1 2 3 >>Post Follow-up

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