as214
184 posts
msg #40640
- Ignore as214 |
1/23/2006 5:34:18 PM
Nicosphen,
I just want to congratule you on a great filter !! Ive followed this the last couple of days and it's awesome. Some may get turned off by "overbought" levels but those are also the ones that have a tendency to have the greatest upwards movement. Jesse livermore made a career out of trading stocks that made new 5 year highs. Also if you look at RSI on some of the best performers it is above 70 and stays there for awhile. So thank you for this filter. I myself use a modified CANSLIM method that picks stocks making new 5 year highs but with price multiples less than 2. There is so much knowledge on this board. I made alot of $$$$$$ trading value/growth securities and I dont think Im smart enough to put these filters together lol!!
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nikoschopen
2,824 posts
msg #40641
- Ignore nikoschopen |
1/23/2006 6:17:11 PM
Thanks for taking notice. Moreover, I appreciate your input.
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craigk
24 posts
msg #40671
- Ignore craigk |
1/25/2006 2:46:51 AM
"I myself use a modified CANSLIM method that picks stocks making new 5 year highs but with price multiples less than 2."
What is a price multiples of less than 2. Or maybe I should ask what is a price multiple?
With a internet search I see price multiple are "Price to a Variable" like P/E, P/BV and P/sales Ratio.
So do you mean P/e < 2 and 5 year high. Or I guess it could me P/P (my son would be laughing at that one.) Price / Price < 2 over 5 years. So a stock would have not double in the last five years.
Thanks TheConfusedOne
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nikoschopen
2,824 posts
msg #40687
- Ignore nikoschopen |
1/25/2006 2:16:49 PM
What he means by "price multiple" is most likely to be p/e multiple. I always hear a basketcase of Wall Street clairvoyants in their otherwise poor judgments banter about how such and such company is trading at ridiculously low multiple but for all practical purposes they yield astronomical returns.
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mktmole
325 posts
msg #92622
- Ignore mktmole |
5/13/2010 7:44:15 PM
re this thread... is it possible to add the two following parameters to the scan below?
forecast.oscillator crossed above cema(8) today and
1 day ago, days since forecast.oscillator above cema(8)
Thanks for any help and ideas -much appreciated!
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guymar
113 posts
msg #92631
- Ignore guymar |
5/14/2010 3:20:32 AM
I posted the Hughes Oscillator and got not one comment, even from over-indulgent people like riggs??? How come? I'm not saying it's better, but it got last week upside turn right, which is pretty good I guess?
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sr7
149 posts
msg #161330
- Ignore sr7 |
8/29/2024 12:11:57 AM
This one uses a tiny numbered system thing; if you look at the columns..........
......if there's an uptrend forecasted --- a 1 shows up in the column.
The column for the sideways trend doesn't work (I don't think); because a 1 should show up if the stock is going sideways.
Wouldn't it be awesome if we could write IF Statements!
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sr7
149 posts
msg #161331
- Ignore sr7 |
8/29/2024 3:21:22 PM
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