TraderEyal 8 posts msg #35418 - Ignore TraderEyal |
3/23/2005 2:14:02 AM
Hi, Going over the forums it looks like most people are concentrating on finding buy candidates. I am trying to come up with ideas that can be implemented in SF for finding good shorting candidates. Anyone care to share their input?
Cheers
Eyal
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TheRumpledOne 6,407 posts msg #35434 - Ignore TheRumpledOne |
3/23/2005 8:20:06 PM
This is so simple:
RSI(2) will find the ones that have peaked, the close has to be above $5 to short and you want a stock with the volume so you can cover your shorts when you have to!
MAY ALL YOUR FILLS BE COMPLETE.
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buzzcraft 11 posts msg #35436 - Ignore buzzcraft |
3/23/2005 10:01:47 PM
You could just see when I go long, and immediately short the same stocks.
--buzz
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dducey 19 posts msg #35437 - Ignore dducey |
3/23/2005 10:22:42 PM
You should probably wait for some sort of confirmation that a down turn is happening. I have a RSI(2) > 99 filter that has shown me that these stocks are as likely to continue higher as they are to fall in price. I am not sure what the best confirmation would be since I haven't pursued the idea beyond the initial look-see. I was trying to find stocks for put buying.
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petrolpeter 439 posts msg #35444 - Ignore petrolpeter |
3/24/2005 9:26:23 AM
Homebuilder Top 3/14/05:Link Costruction Services to .
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petrolpeter 439 posts msg #35445 - Ignore petrolpeter |
3/24/2005 10:07:42 AM
Check that top on 3/04/05 not 3/14/05,Construction Services March 4.
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mrbobolina 19 posts msg #35457 - Ignore mrbobolina |
3/24/2005 11:21:51 PM
Please explain what you mean by "Homebuilder Top 3/04/05:Link Construction Services to". I'm new to this forum and don't understand what you're referring to. Thanks
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SurfnDestiny 78 posts msg #35461 - Ignore SurfnDestiny |
3/25/2005 8:47:42 PM
Just reverse the filter functions for a downtrend.
Just keep an eye out for a Stochastic, or other signal hard swing to the upside to jump out.
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petrolpeter 439 posts msg #35470 - Ignore petrolpeter |
3/26/2005 8:08:30 PM
"What do mean by Homebuilder Top?"Interest rates were pushed to multi-decade lows in order to counter a sluggish economy which in turn triggered a home buying and building spree that some even call a bubble.Construction Services and related home building stocks reflect this but have come a long way up and the recent rise and hold of interest rates in the 1st week of March triggered a top and therefor 'A good idea for Shorting'Check TOL on 3/4/05 or chain Construction Services to Aroon Oscillator(8)>86 filter to see those excellent short entries.Someday this may work for Oil related shorts.
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mrbobolina 19 posts msg #35471 - Ignore mrbobolina |
3/26/2005 10:30:27 PM
Thanks for the explanation petrolpeter. It makes perfect sense now that you give more details. Just a quick follow up: how do I "link" that filter to construction services. Is that similar to a sector? Or industry? Thanks again in advance for your patience.
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