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I may not be closer to finding the holy grail but for
the past 2weeks, I have studied stocks with close
greater than the 200-day mov avg i.e. long bullish.
Using this method, I have located dogs that even dogs
wont buy. Metastock trendlines advisor is clear on
this: it shows a small red bear in the right corner.
This trendlines also shows the trend, when positive is
green and blue bull.
I am wondering if I should continue searching for an
indicator to reinforce the positive trend. Or should
I stick to this single trendlines method and
experiment a bit longer to get a 'feel'for the thing.
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