RE: Beginners Questions
(2013-05-09, 10:16 PM)bluemosaic Wrote: The breakups and breakdown lists - is this break of 30ma (simple or weighted?) or of the 150 or 200 daily sma?
No, the breakouts and breakdowns are determined using point and figure charts with traditional settings. See Post: #41 here: http://stageanalysis.net/forum/showthrea...531#pid531 and Post: #43 http://stageanalysis.net/forum/showthrea...533#pid533 for a full explanation.
They are very simple double top breakouts (breakouts above previous column of Xs) and double bottom breakdowns (breakdowns below previous column of Os), and are not picks. The idea of the daily scan of these is to give me a small list of breakout stocks to then manually look through in my Weinstein charts to see if any match the criteria we are looking for. For example on today's list you can see that BSX (Stage 2B) is a candidate for a trader pick on a pullback towards support and DOW (Stage 2) is a candidate for a potential trader and investor pick as it's breaking out of big one year range. Attached is a daily chart of BSX and a weekly chart of DOW.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.