we all know that a stock that start a downward trend is hard to catch, but if it make a pull back during his downward move it much easy to catch
bref i'm looking to short those crap stock that make pull back but will go down big time.
those kind of short and hold but each time it make a pull back you can add to those short
I worked a long time trying to get a short filter to work in these market conditions and I found only this one combination. I took this paragraph,
"Show stocks where Williams %R (14) is between -10 and -0.01 and Average Volume(30) is above 100,000 and Volume is above 100,000 and close is above 5"
and added that to what appears to be a propriarity screen called a,
"60-day decreasing slope channel"
This might give you something to try. The screen resulted in very few returns but I charted every one for the past 43 days and they all initially went lower.
This downward sloping channel is the closest thing I could find to charting for trendlines and trendlines are often difficult resistance to break.
You could also just use the screens, "45-day decreasing slope channel"
, "60-day decreasing slope channel", and "90-day decreasing slope channel" found on the homepage and chart the results by hand. There are not that many returns. Just look for the ones that are overbought and about to test trendline resistance.
Picking the ones with poor fundamentals would likely help a lot.
Here's one that includes a decreasing linear regression slope with a short term divergence of RSI and Williams %R - this filter is just the opposite of a filter I have to look for long positions. This filter isn't producing the best results, as the overall market has an increasing bias, and you should tweak it to your timeframe, etc. Anyway, while I was looking back on this filter, I did see that a lot of the stocks which failed the filter (i.e. kept rising) did eventually stall at old price resistance (double tops, closed gaps, etc.). I would definitely look for that as well if you look over this filter, and THEN go short.
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