Every night I post 3 types of candidates, picked from four exchanges -
AMEX, NASDAQ, NYSE,
OTCBB. The 3 types are:
1. Bullish Patterns - Based on technical analysis, and bullish chart patterns, most commonly the bull flag.
2. Bearish Patterns - Based on technical analysis, and bearish chart patterns, most commonly the bear flag.
3. Volume Explosion - These are not based on technical analysis per
se, I just scan and post bunch of stocks that moved up on unusual volume, just to keep an watch over the next couple of days, in case something interesting happens. Most of these candidates, end up in the bull flag list within a couple of days anyway.
As the volume explosion candidates are not core picks from my system, going forward I will keep them separate.
So, this will be the format of the daily listing:
1. Mention of most promising candidates
2. Image with all bullish and bearish pattern candidates
3. Just symbols for the above stocks below the image, for easy copy and paste
4. Image with all volume explosion candidates
5. Just symbols for the above stocks below the image, for easy copy and paste
Remember, most of the picks might need a few days to develop into a proper pattern and make their move. Some might move the next day itself, but most of them will need time. So, give them few days. Also, some might never move and some might break down and reverse their course. Strictly follow technical trading
guidelines.
And as always, day/swing trading is very risky.
Cheers!
Lazy
