Screening 52w highs and Lows for potential longs and shorts and waiting for the high volume reversal to signify a trend change. Not sexy ... down right boring ...but seems to work when I have the patience to follow it. I've stuck to ftse 100 cos of spreads etc. Only hassle is as far as I know you can't get daily 52w highs and lows online for Uk stocks not like Morningstar does for our transatlantic cousins.
trendie
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I think wwatson does something like this.
he has a thread called "Im Doing Great".
he has website log of all trades.
looks promising.
may be worth looking at his thread / www to save you duplicating research.
( although I think he only goes long, so you may have an extra degree of flexibility )
hope you blog your findings.
good luck.
he has a thread called "Im Doing Great".
he has website log of all trades.
looks promising.
may be worth looking at his thread / www to save you duplicating research.
( although I think he only goes long, so you may have an extra degree of flexibility )
hope you blog your findings.
good luck.
Antofagasta made new all time high (better than just 52wk high),
Rio, Anglo and Billyton either made highs or came pretty close - easily checked.
No reversals or volume so far but they can't keep making highs - even a plonker like me knows that. So they are in my sights for the short opp which must come ......... one day. What makes it better is the sector is rising largely on China Growth expectations. Based on data which I believe may not give an accurate picture.
Rio, Anglo and Billyton either made highs or came pretty close - easily checked.
No reversals or volume so far but they can't keep making highs - even a plonker like me knows that. So they are in my sights for the short opp which must come ......... one day. What makes it better is the sector is rising largely on China Growth expectations. Based on data which I believe may not give an accurate picture.