Jan
25
2007
Add Type of Base to Breakout Tracker?
Jan
25
2007
Posted By Tate Dwinnell | 
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Question:
I was thinking on your website that it might be a good idea to be able to sort stocks based on what kind of a base that it is in. Like a cup with handle, a flat base, a double bottom base, etc. You said that you like flat bases the best.
My Response:
It's very difficult to come up with the algorithms to recognize those patterns accurately. I personally feel that there is no substitute for the 'ol human eyeball 
Combining the DI scores with the % from breakout and % from moving averages will give you a very good quick picture of the bullishness/bearishness of the chart. Using this info can cut through the clutter and give you a list of 10 - 15 stocks to focus on. Check the charts of those stocks real quick to narrow it down further, set your real time alerts and you're all set!
Combining the DI scores with the % from breakout and % from moving averages will give you a very good quick picture of the bullishness/bearishness of the chart. Using this info can cut through the clutter and give you a list of 10 - 15 stocks to focus on. Check the charts of those stocks real quick to narrow it down further, set your real time alerts and you're all set!
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