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John -- earnings
That is what I have been putting on the board, all I am doing is looking for a 10% gap up or gap down from the previous day's low or the previous day's high.
If you have a company that has good earnings . The stock will go up most of the time. If you have a company with earnings that is down. Most of the time the stock will go down.
The formula that I use picks stocks that have at least a 10% move from the previous day's low or the previous day's high. Then I looked to see what has happened to the stock. What made it do what it did. I'm talking about the 10% move. It could be a biotech Stock that missed one of its phases, or it could be an earnings report or a oil stock that did not hit on a particular site. Just anything that makes that particular stock go up or down at least 10%. I can also change the settings to whatever percentage I want. Is this not what you're asking.
The entry point, and exit is a different story. Entry and exit points or something that we need to discuss . I do not know how you trade, that is if you are interested.
Last edited by chuck; 09-09-2007 at 05:35 PM.
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