Holy Short!

[ChartMan]

I've just finished a simple EDS for selecting shorts....


GapDown if [high] < Val([low],1) and [close]<[open].
volok if [volume]>1000 and [close]>100.

price if slope([close],10)>0.

buy if GapDown and volok and price.

Here's how:
select "Gap Down" if today's high is LESS than yesterday's LOW.
"Volok" selects stocks whose volume is > 100,000 today and today's close is >100p to filter out minnows....
"price" selects stocks where the AVERAGE trend over the last 10 days is positive, so giving a reasonable assumption that the price was going up,now it's going down.

"BUY" if all 3 conditions are met

I'll backtest it later and produce results. For now I'll post today's picks for you to look at, and maybe use for the "shorts" in next week's comp......

NB this routine is in it's early days yet and may be refined...


The picks are:
AMEC
BNZL
LII
NVM
PHTM

Please note this routine is picking "new gap downs" and will not select those stocks alreadyy tanking!

 

[darth trader]

interesting...

i have a bollinger band analysis that suggests BNZL and a mass index analysis that suggested amec a couple of days ago (both using metastock).

 

[ChartMan]

Shorts Update 26/02

Tonight's picks are:
DEB
DKH
DYE
EPD
FGP
GBN
INT
Check the charts first!
Haven't had time to improve the EDS yet...

 

[ChartMan]

Tonight's Shorts are:
BBY
COB
CRST
DFS
DLTA
EHI
LMR
MCA
SKP
SUF
TOMK
WPP

 

[ChartMan]

tonight's shorts are:

ANTO FCD
BAB HFE
BDEV IGI
BWY JJB
CLLN SMDS
CRST TLBY
DLTA VDY
DSC WEIR
WLB

 

[darth trader]

I've converted your EDS into a metastock exploration:

FILTER:
GapDown() AND
V >= 1000 AND
C >= 1.00 AND
LinRegSlope(C,10) > 0

and tonights picks (from my pre-selected extract of ft350 and tech stocks) are:

VSP
HLMA

 

[darth trader]

FYI. the equivalent program for longs gives:

BGY
JDW
NRK
PFG
SKS
TFC

no financial advice intended.
Darth.