RE: [CANSLIM] short selling (WEBX)

From: Mike <PatternDT@SoftHome.net>
Subject: RE: [CANSLIM] short selling (WEBX)
Date: Mon, 11 Aug 2003 10:40:47 -0400

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   >> how one (or I) would go about screening for failed tops  <<

Maybe a scan to find stocks with;
(the shorter term volatility)
when divided by
(longer term volatility)
is greater than some variable.  A break of consolidation.

If it's an up or down bo needs more filter like with MA, more filter to 
eliminate the funny stuff penny stocks.  Anyway I think that could sort out 
some failing tops, some that on visual inspection will confirm a double 
top, volume surge of redistribution, indications of diverging strength ...

Mike

At 8/11/2003  07:08 AM, you wrote:

>Hi Harold (and all),
>
>Let's do this for the sake of discussion on the subject. Instead of me
>simply listing how one (or I) would go about screening for failed tops, let
>me ask of the group a preliminary question:
>
>What does a stock look like technically when it is *at* a top?
>
>Add your thoughts....everything that you know about the technicals of a
>stock that may be at its peak. Again, the underlying assumption is that for
>the purposes of screening, fundamentals do not matter. These signals are all
>technical.
>
>After that discussion is exhausted, then I'll ask a follow-on question.
>
>Katherine

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