Scanning process on 10th March 2009

Observations:

Not spending too much time on a single stock, leaving it indecisively

*** i think i should use filters as this will help me to narrow and focus of my energy on a small area.***

 

 

 

 

Phase 1

 

Rejected

AOE:

Forming a symmetrical triangle i have to wait

 

AWB:

dropped too much looks like consolidating

 

selected to short;

ALL –

+ its at 3.4 which has broken support from 2004

- i found the stock was consolidating and volume is higher on price high days.

 

AMC

+stock still has gravity and volume is in support

-MACD is at the end of downtrend

-RSI is in oversold region

ANN:

+consolidating after big drop

-MACD is positive

 

BXB

CTX

ERA