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Ben,
for finding breakouts, you might also have a look at a software called RAMP
(www.nebadawn.com).
Best regards,
Michael Suesserott
-----Ursprüngliche Nachricht-----
Von: profitok [mailto:profitok@xxxxxxxxxxxxx]
Gesendet: Saturday, March 30, 2002 20:44
An: Omega-List (E-mail)
Cc: realtraders@xxxxxxxxxxxxxxx
Betreff: [RT] determine a trend
How does one look for suspects of a breakout ?
one simple idea is to scan all your stocks and commodities for the following
condition
a: made 3 higher highs in the last 5 days
b:made 4 higher highs in the last 6 days
or
a little overbought but a high probability trade
made 5 higher highs in the last 5 day and closed up each day
now if someone can code this over the weekend in ela and scan their list
we can get someone to post the results for Monday trading
nice holidays to all
Ben
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