Registered User
Joined: 3/5/2008
Posts: 3
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I am just beginning to use Blocks & would like to know how to set up either a chart or scan using criteria that I found in TC2007 Worden Report dated March 7, 2008. These criteria are as follows:
1. Use a 9 day time frame. Select those stocks which meet the following simple criteria: C<C1 and C1<C2 and C2>C3. That's it for the selection of the stocks to possibly buy.
2. Which stocks to buy? From the list, buy those stocks which meet this simple criteria. The stock, sometime in the next 9 day period, declines 2% from the close of the previous nine day period.
3. If the stock meets the two criteria (C<C1 and C1<C2 and C2>C3 and in the subsequent 9 day period is down 2%) and you buy it, sell at the first open after the 9 day period ends IF the stock OPENS above your purchase price. If the stock doesn't open above your purchase price, wait until that nine day period is over and sell at the open after this 9 day period ends.
4. Sort the percent true, flag all those at 100% (i.e. those meeting the criteria) and transfer the stocks to a new watch list.
Thanks in advance for any help you may provide.
JK
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