aswoerner
3 posts
msg #28481
- Ignore aswoerner |
9/11/2003 10:42:42 AM
This Filter is based on the assumption that " What goes up must come down (some)"
Works nice in times like these. Note: This is a "short time" short filter (1-4 days)
Any feedback is welcome.
rsi(2) above 99 and rsi(7) above 90 and rsi(14) above 80 and Close above 2 and Average Volume(2) is Below Average Volume(4) and CLOSE broke Upper Linear Regression Line(60)
Show stocks where Close reached a new 10 week high and Average Volume(90) is above 50000 and close is between 2 and 250
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EWZuber
1,373 posts
msg #28488
- Ignore EWZuber |
9/11/2003 2:28:37 PM
aswoerner
Very aggressive strategy and I like the way you have written the filter. Risky business though shorting a stock that is on a tear. I ran your screen and see it did work ON BCRX today but the stock became oversold on hourly charts quickly and bounced up off the 25 HR.MA. Need day trading techniques here.
Shorting against the trend is high risk. Especially when the particular stock has been in great demand. You're counting on traders bailing on the spike which often happens, particularly at the end of a market run.
I think your filter may have merit if it is reserved for stocks that have terrible fundamentals and have run up on pure wild speculative frenzy. Many bio-med stocks are this way like HGSI.
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lockwhiz
206 posts
msg #54652
- Ignore lockwhiz |
9/8/2007 8:38:43 PM
to make th above clickable:
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