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dshughes
Posted : Wednesday, June 22, 2005 2:29:01 PM
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Joined: 3/26/2005
Posts: 6
Sir,
I am looking for the PCF for a stong uptrend with a 18 day pullback.
Thank u Dshughes
dshughes
Posted : Wednesday, June 22, 2005 2:35:19 PM
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Joined: 3/26/2005
Posts: 6
on a daily chart
Doug_H
Posted : Wednesday, June 22, 2005 2:57:47 PM


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Posts: 4,308
dshughes:

A great way to find these stocks would be to do linear regression sorts. First sort by a longer linear regression line, and flag the ones with a nice strong uptrend. Then, go to All Flagged Items and plot an 18 day linear regression line, and sort on it in ascending order.

Give that a try, and let me know what you think ofthe results.

- Doug
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StockGuy
Posted : Wednesday, June 22, 2005 3:04:51 PM

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Joined: 9/30/2004
Posts: 9,187
Here's some stocks found in the SP-500 using Doug's technique (I used a 100 bar regression, then the 18 bar regression). Is this what you're looking for?

PG
KO
GLK
ASO
ADSK
YHOO
PEP
SYY
UTX
LMT
HLT
Doug_H
Posted : Wednesday, June 22, 2005 3:37:11 PM


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I used a 125 bar regression, and then the 18. How about these three?

PEP
INTC
BA

I also used S&P 500.

- Doug
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dshughes
Posted : Wednesday, June 22, 2005 4:26:45 PM
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Joined: 3/26/2005
Posts: 6
I was hoping to get a PCF for the pullback, is this a PCF that can me created?
Thanks dshughes
Craig_S
Posted : Wednesday, June 22, 2005 4:34:31 PM


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Joined: 10/1/2004
Posts: 18,819
Check out this video:

EasyScan for stocks pulling back from an uptrend

and use this PCF instead of the 30-day percent change:


Price Percent Change 18-day

(C-C18)/C18*100

Keep in mind that you only EVER need a PCF when the conditions already in the system don't do what you hope. In this case, you need a PCF because there is not a Price Percent Change 18-day already in the system.

As for Doug's technique... I think it is superior to using EasyScan and/or a PCF for finding pullbacks. It is more flexible and will find more stocks as a result. By using conditions (PCF or not) in an EasyScan you are forced to pick rigid time frames and specific numbers. With any form of visual sorting, you are picking stocks visually (the same way we pick them with our spacebar).

- Craig
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Bruce_L
Posted : Wednesday, June 22, 2005 4:35:08 PM


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Joined: 10/7/2004
Posts: 65,138
I'd watch the video Craig mentioned first. It is possible to convert Doug's technique into Personal Criteria Formulas for use in an EasyScan/Sort technique however if you prefer its results but don't want to go through the Flag/Visual Sort process each day.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
dshughes
Posted : Wednesday, June 22, 2005 5:32:13 PM
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Joined: 3/26/2005
Posts: 6
Doug,

I want to thank you for your help and the PCF. However I am not sure on how to use your method would you be able to point me to a video on linear regression sorts. First sort by a longer linear regression line, and flag the ones with a nice strong uptrend. Then, go to All Flagged Items and plot an 18 day linear regression line, and sort on it in ascending order.
Thanks, Dshughes

Sorry to be a pain
Craig_S
Posted : Wednesday, June 22, 2005 5:43:51 PM


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Joined: 10/1/2004
Posts: 18,819
You are not a pain at all. Check out these videos, they use flagging and LR sorting:

Using Linear Regression Sorts to Help Spot Divergences

How to use the Flagging feature



- Craig
Here to Help!
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