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Dear RealTraders,
On the Short Side, my scan of QuotesPlus DataBase looks like:
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AllGroup
AvgVol( 0 , -29 ) >= 250 // Average volume is at least 25,000
shares over the last 30 days
AvgVol( 0 , -4 ) >= 1250 // Average volume is at least 125,000
shares over the last 5 days
Close(0) >= 7 // At least a 7 dollar stock.
MovAvg( 0 , 150 , cl ) < MovAvg( -9 , 150 , cl ) // The 150 day ma is
pointing down
MovAvg( 0 , 65 , cl ) < MovAvg(0 , 150 , cl ) // The 65 day ma is below
the 150 day ma.
Close(0)<=Min(-1,-150,Lo)*1.025 // Close not more than 2.5% above Lowest
Close of last 150 days.
QRS(0)<30
Set ROC = (40)
ROC(0)<0 // 8 week rate of change not positive
Set ROC = (15)
ROC(0)<-5 // 3 week rate of change at least -5%
Println Symbol:-10,ROC(0):8:3,Description:38
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Question:
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NOW, what I am wondering, is, whether it makes better sense to
try to enter new short positions with LIMIT orders at the top of
the previous days trading range,
OR, to try to enter new short positions with SELL STOP orders just into NEW
LOW break-down ???
^^^^^^^^^^^^^^^^^^^^^^^^^
Some kind List_Member with experience . . . Please shine your light ?
Thank you
Richard Harrisson
Aegina, Greece
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