Friday, November 28, 2008
recent signals
The stock market may be attempting to turn around. The recent Climax Low signals (looking at the market indexes DJIA and NASDAQ) and recent two gigantic spikes in the Number of Climax Lows are encouraging .
Not all stocks are hammered. A couple of them are virtually undamaged, at or near new highs. This is a powerful sign of true strength during a broad overall decline. The default Stocks in Motion scan will find them, as will Stocks Near a 52 Wk High (within 10%) or Stocks Near an All Time High. You may also want to step back in time for a few weeks and see what other stocks show up. You can save all the symbols in a buffer to watch them daily (available with pro account).
Not all stocks are hammered. A couple of them are virtually undamaged, at or near new highs. This is a powerful sign of true strength during a broad overall decline. The default Stocks in Motion scan will find them, as will Stocks Near a 52 Wk High (within 10%) or Stocks Near an All Time High. You may also want to step back in time for a few weeks and see what other stocks show up. You can save all the symbols in a buffer to watch them daily (available with pro account).
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