When managing a large computer network, there’s a simple procedure for finding out what an unknown cable does: unplug it and see who complains. It’s not high-tech, but it works.
Well, I have stopped using my 30-Day High/Low scans. I’ve replaced them with a real-time trade ideas scan which pretty much finds me the same stocks if they break out on volume. So, rather than hoping a few stocks break out, I just let TI tell me about every suitable stock that breaks out. I set up TI to tell me about 3-day highs and lows, and that’s usually plenty of time to get ready to play a 30-day breakout, if one is going to happen.
Instead of asking people if they still wanted me to post my daily list, I just stopped doing it a while back. No one has complained, so I am going to take that page down at my next convenience.
Don’t worry about the weekly list… I can’t imagine going without it. I use it every day, filtered for above average volume.
August 16th, 2007 at 9:03 pm
I really miss this daily list… I used to go through this list every night for next day trading :-(
August 17th, 2007 at 1:14 am
Sorry! As described above, I haven’t been posting the list regularly for quite a while. The only recent change is that I’ve removed the link.
It was and is a good list, but I find trade-ideas to be better still. With it, I only even consider above-average volume stocks, and I catch the stocks that were far from breaking out, but which gap to within range and run through.