Author: Liz

Weinstein System: Weinstein Scan.

Done somewhat in the manner from Stan Weinstein’s excellent book
“How to Profit in Bull and Bear Markets”.

It is written to only look at stocks of $3 or more but you can change that.

. . . Relative Strength Indicator (RSI) higher than that from 5 days ago.
. . . Closing price is higher than the average in the past 30 days.
. . . Volume at least 120% of that from the last 2 months. (The 120% is arbitrary. I used it because it seems to work)
. . . Average volume for the last 2 months at least 100,000 shares (note that TC/2000 reports shares in hundreds).
. . . Price today higher than 30 day average
. . . Price today higher than in the last 3 weeks

((C >= 3) AND (RSI30.9 > RSI30.9.5) AND (C > AVGC30.1) AND (V >= (1.2 * AVGV42.1)) AND (AVGV42.1 >= 1000) AND (C > C1) AND (C2 < AVGC30.2) AND (C > MAXH14.3))

Example: (Found 11-22-1999 by scan)

Updaed: 11-17-01
message 18011 by jdh1344 Since you have read Stan Weinstein’s book “Secrets for Profiting in Bull and Bear Markets”. (it had a strong influence on me) you will be able to see how the following may be applied to his methodsFor 10 week and 30 week SMAs use 50 and 150 Day SMAs (50 up through 150)
PCF
AVGC50.1 < AVGC150.1 AND AVGC50 >= AVGC150
AND AVGC150 > AVGC150.1 (50 up through 150 in the last 5 days)
AVGC50.5 < AVGC150.5 AND AVGC50 > AVGC150
AND AVGC150 > AVGC150.1 (C xing 150):
C1 < AVGC150.1 AND C >= AVGC150

And (C xing 150 1 week ago):
C6 < AVGC150.6 AND C5 >= AVGC150.5

(Try the above see what works for you)

For those breaking above overhead resistance for the last I year period.
C >= MAXC250.1

For those breaking above overhead resistance for the last 3month period
C >= MAXC63.1

(From the two above you can see how to make one for any period you might want).

For volume at break out
V>2.5*AVGV21

For how to setup your chart tabs read that part of message #17954

For an Idea on how to find those in a stage 1 base see message #17811, which is in reference to #17802

All this should get you started in the right direction and give you plenty the study and try for a while. The overall market is in possible (worst case late stage 3 early stage 4) (more hopefully) late stage 4 with some making nice stage 1 bases now. Be patient and preserve you capital at this time I only play 35% of my trading capital. I have doubled that for a 100% return over the last 9 months in a bad market and I don?t play the short side. So the system
works if you quickly get out of those that don?t continue to act well and ride those that do, which is easier said than done. I don?t have the time to set in front of one, two, or three screens all day long as some do. I would not want to even if I did have the time. You need to find that style that fits your needs and philosophy. This is not so fast paced. I only play those that are making a strong move.

I usually start with 5 well chosen positions then get rid of those that are not acting well, to increase the position in those that are. This takes only daily maintenance in the evening of checking them against a trendline or in the beginning an MA, and scanning for new candidates, total 1 hour or two. Then in the AM an hour, moving stops up, adjusting positions &c. I don?t make it fast but I don?t loose it fast either. Those who day trade, or are purely indicator junkies can?t even see these opportunities the time frame of their indicators is too fast, they can?t
stand to hold that long. When the market goes to stage 1 there will be many more opportunities then. More opportunities than you can cover If you play now remember to find the leading sector and play the stronger ones You can scan using the TC2000 caned PCFs (price % change) for the day, week, and 30 days to see where they are.

= = = = =
From messages 19487-19488 by jdh1344
If you want to follow that discussion, go to: Discontinued: clubs.yahoo.com tc2000 usergroup
Read messages #121,#123,#125,#133

The following are pertinent excerpts:
From #123

>>>

Sir Four Phase (Feb. 9, 2001 Daily Worden reports) uses a 145 DMA others similarly use 200. I Prefer 150 (this is not too significant though) I’ll write his formulas as I interpret what I see given:

Phase II(A):

1. AVGC>AVGC145

2. AVGV2/AVGV126>2

3. C>MINC21*1.20 (note: this one is not clear and open to interpretation)

4. AVGC3.21<=AVGC145.21ANDAVGC3>AVGC145

Phase II(B)

1. AVGC>AVGC145

2. AVGV2/AVGV126>2

3. C>MINC21*1.35

4. C>MAXH250.1

5. AVGC145>AVGC145.126

Phase II(C)

1. AVGC>AVGC145

2. MAXC10>MAXC246.11

3. MAXC21.10<MAXC63.32

4. AVGC145>AVGC145.126

Qualifier or conditional scans

Aggressive:

AVGV63*AVGC63>200 MAXH500/MINL500>2

Conservative:

AVGV63*AVGC63>800

MAXH500/MINL500>1.5

From #133 on the auxiliary board

His qualifier or conditional scans are somewhat unique. The one he calls aggressive is the least limiting, so by aggressive I believe he is saying that with this he will look at more charts or consider more stocks as possible plays. I strung the statements together with AND statements Including the aggressive qualifier These have been converted to a 150 DMA so as to be more in agreement with Weinsteins book I have setup 3 columns on one of my sort tabs with the 3 PCFs as sorts. Now I can easily see when any single stock appears on all three sorts
They are:

Phase II (A)

AVGC > AVGC150 AND AVGV2 / AVGV126 > 2 AND C > MINC21

* 1.20 AND AVGC3.21 <= AVGC150.21 AND AVGC3 > AVGC150
AND AVGV63 * AVGC63 > 200 AND MAXH500 / MINL500 > 2

Phase II (B)

AVGC > AVGC150 AND AVGV2 / AVGV126 > 2 AND C > MINC21

* 1.35 AND C > MAXH250.1 AND AVGC150 > AVGC150.126 AND

AVGV63 * AVGC63 > 200 AND MAXH500 / MINL500 > 2

Phase II (C)

AVGC > AVGC150 AND MAXC10 > MAXC246.11 AND MAXC21.10 <

MAXC63.32 AND AVGC150 > AVGC150.126 AND AVGV63 *

AVGC63 > 200 AND MAXH500 / MINL500 > 2

I tend to like his qualifier or conditional PCF. It mostly gets rid of the junk but allows you to see even the low priced stacks

Triple Screen Trading System:
This is an adaptation of the trading system developed by Dr. Alexander Elder and explained in his book “Trading For A Living“. The original Triple Screen System applied three tests or screens to every trade. The system described here will apply tests consisting of scans made from PCFs and also use indicator screens to help locate stocks with a possible future move. Because TC2000 does not support exponential moving averages in PCFs I will be using simple instead. This set up is looking for stocks to go long on only.

PCFs:

1.) Dr. Elder uses the 13 day MA as his trend indicator.

#1-ELTR = AVGC13-AVGC13.4>0

2.) Elder-ray helps you see when bulls and bears become stronger or weaker.

#2-ELBP = (L-AVGC13)<0

#3-ELBP = (L1-AVGC13.1)<(L-AVGC13)

#4-ELBLP = (H-AVGC13)>(H1-AVGC13.1)

3.) Force Index is a highly sensitive indicator of the short-term force of bulls and bears. Buy when 2-day MA of Force Index turns negative during uptrends.

#5-ELFI = ((((V*(C-C1))+(V1*(C1-C2)))/2)<0) AND ((((V1*(C1-C2))+(V2*(C2-C3)))/2)>0)

You should place a buy order above the high price of that day. If the uptrend resumes and prices rally, you will be stopped in on the long side. If prices continue to decline, your order will not be executed.. Then lower your buy order to within one tick of the high of the latest bar. Once your buy stop is triggered, place a protective stop below the low of the trade day or the previous day, whichever is lower.

4) Volume PCF. I like to use a volume PCF to stay away from low volume stocks. If you have your own favorite PCF for this you can use it here.

#6-ELVOL = (AVGV126>1000) AND (V>AVGV63)

Create an EasyScan:

Hint: This EasyScan may not produce any candidates until after you do a new end of day download.
Tab settings: These are just examples, you can also pick your own settings Clearstation Tabs:ISEE was the only stock selected by this scan on 06-25-1999.K.I.S.S Tab Settings:

Trading Experience (ejr39)

Many of the club members wish to see immediate results from a new strategy; unfortunately, the same individuals are being blind-sided by their lack of experience to make appropriate decisions for that strategy. Paper trading is FREE and allows you to say ‘been there, done that’.

Paper trade each strategy that you adopt; document EVERY paper trade: What went right! What went
wrong! What was the volume at the time you entered the trade! Does the time at which you enter or exit affect the strategy’s profitability! Be sure to include general market conditions in the documentation. Document any changes made to the

PCFs and EasyScans!

Ask the strategy?s sponsor what you are missing if the adopted strategy is less than 30%
successful during the first 5 days. The answer may be as simple as a PCF error. Or failure to identify the trend. Or an unquantifiable pattern – c&s, h&s.  Or the strategy’s default criteria doesn’t match your trading style. Or the strategy is incomplete. Or the strategy was an untested idea.

Paper trading is FREE and gives you the opportunity to determine if a strategy fits your style
i.e. as a CANSLIM investor are you adept enough for bottom fishing the under $3 stocks (not intended as a challenge but as an example).

For each strategy, paper trade at least 5 trades per day for 1 month (21 trading days). Until you have 100 documented paper trades for a strategy, don’t use green paper.

After 1 month or 100 trades, try green paper but continue with at least 5 trades (both white
and green paper) per day.

The additional trades help to refine YOUR strategy, to keep your attention focused on the strategy, AND to build the additional confidence necessary for successful Options trading.

Get good at one strategy; that strategy is your ‘bread and butter’ every trading day. Develop 2 or 3 additional strategies one for a custodial account (IRA, 401K, annuities); another for building a ‘blue chip’ portfolio; another for aggressive trading, etc.

Once you have established several solid strategies, additional strategies get easier and easier; you will understand the anatomy of the strategies that fit your style – because you have already been there and done that.

Invest well and prosper!

Ed Mulroy Stock Screening Scans

Scans #1 For KCDick (edMulroy)

My scans change as I go and I do not remember what ones I posted here before so am posting most of what I look at now. Yahoo cut off the end of one of my previous messages so I’m breaking this up into several messages.

This is Long $3-$8. You can modify it for any price range. I do $3-$8, $8-$20 and >$20. This is NOT a GBS long scan.

Remember that the results of the scan are the START. You then must look at the charts and filter out what you don’t like.

————————–

(C1 – C) * ((C >= 2) AND (C < 8) AND (V >= (1.5 * AVGV15.1)) AND (AVGV15.1 > 500) AND (C1 < MAXC30.1) AND (C >= MAXC30.1) AND (MINV21.1 >= 250))

–Report amount the stock rose today
–Price $2 to $7.99
–Volume at least 50% higher than monthly average
–Yesterday’s close less than max 30 day price
–Today’s close equal or higher than max 30 day price
–Minimum daily volume in last month 25,000 shares

————————–

Scans #2 for KCDick(edMulroy)

I use this as a GBS long

—————-

(C >= 20) AND (C > (C1 + 1)) AND (V >= (1.5 * AVGV50.1)) AND (V > V1) AND (C >= MAXC50.1) AND(AVGV50.1 >= 500)

–Price at least $20
–Rose at least $1
–Volume at least 50% higher than 50 day average
–Volume higher than yesterday
–Closed at or above 50 day high
–Average volume 50 days at least 50,000 shares

—————-

Scans #3 for KCDick(edMulroy)

Weinstein scan, evolved from what Stan Weinstein wrote in his book.

——————-

((C >= 3) AND (RSI30.9 > RSI30.9.5) AND (C > AVGC30.1) AND (V >= (1.2 * AVGV42.1)) AND (AVGV42.1 >= 1000) AND (C > C1) AND (C2 < AVGC30.2) AND (C > MAXH14.3))

–Price at least $3
–Relative strength increasing
–Price greater than 30 day average
–Volume at least 20% above 2 month average
–Volume 2 month daily average at least 100,000
–Price day before yesterday was below 30 day average
–Price is a 14 day high

——————-

Scans #4
for KCDick(edMulroy)

30 MA Breakout $2-$8 Reports rise for selected stocks, zero for others. The (C1 – C) part looks backwards. It is that way because of a quirk in how Visual Basic treats logical tests (TC/2000 is done with Visual Basic) This one is new and a little choppy. I am playing with it and you may want to also.

—————-

((C1 – C) * ((C >= 2) AND (C < 8) AND (V >= (1.5 * AVGV15.1)) AND (AVGV15.1 >= 500) AND (MAXC5.1 < C) AND (AVGC30.1 > C1) AND (AVGC31.1 < C) AND (MINV21.1 >= 250)))

–Price from $2 to $7.99
–Volume at least 50% greater than 15 day average
–15 day average daily volume at least 50,000
–Price is higher than last 5 days
–Yesterday’s price is less than 30 day average
–Today’s price is higher than 30 day average
–Minimum volume in last month is 25,000 shares

—————-

edMulroy-Scan#4 reworked (KCDick 98)

Ed: Here’s a rework of your Scan#4. It spits out 6 candidates, ENDO looks the best.

Line1:15MA-V > 50K

2: 18MA > 40MA > 30W MA

3:30WMA increasing

4:C> 30WMA

5: C> high in last 5 days

6: Price= lo

7: Vol + 50% of 15MA

1) AVGV 15.2 > 500

2) (AVGC18>AVGC40) AND (AVGC18 > AVGC 18.3) AND (AVGC40 > AVGC40.3) AND

((AVGC18>AVGC150) OR (AVGC40 > AVGC 150))

3) AVGC150>AVGC150.3

4) C>AVGC150

5) C>MAXC5.1

6) C>1.25 AND C<7.5 —

7) V>(1.5*AVGV15.1)

Scans #5 for KCDick (edMulroy)

Volatility scan. Reports stocks that have a swing of at least $5 in a day (of interest for day trading). It turned out to essentially be a reporter of what Internet stocks are moving.

————————–

((AVGV21.1 >= 10000) AND (MINV22 >= 3000) AND (C >= 30) AND (C <= 120) AND ((H – L) >= 5) AND ((H1 – L1) >= 5) AND ((H2 – L2) >= 5) AND ((H3 – L3) >= 5) AND ((H4 – L4) >= 5) AND (MINV21.1 >= 250))

–Average daily volume in last month at least 1,000,000
–Minimum daily volume in last month at least 300,000
–Price from $30 to $120
–High
– Low each of last 5 days at least $5

————————–

Scans #6 for KCDick (edMulroy)

GERN ENZN style surge.

Mimics the action that made me money when Geron and Enzon prices did “moon shots”. Has proved interesting and useful but only by selecting a number of stocks that you then have to heavily filter.

———————-

(C < 25) AND (C > O) AND ((2 * (C – O)) >= (H – L)) AND ((C >= (1.06 * C1)) AND (V >= 2000) AND (V >= (1.05 * V1)) AND (AVGV21.3 < 1000)) OR ((C >= (1.17 * C1)) AND (V >= 6240) AND (V >= (7.8 * V1)) AND (AVGV21.3 < 1000)))

———————-

KCDick: re: your scan#4 comment (edMulroy)

When Visual Basic makes a logical test, the result is zero for FALSE or all 1’s (0xFFFF or &HFFFF) for TRUE. Interpreted as a number the all 1’s value becomes minus one and that is why I multiplied by a value which is minus that which you would logically think is correct. Mine does not return all stocks. Values of zero or of blank are those which were not selected by the scan.

DNS + Big Dog Bounce:
(This is a combination of the DNS system PCFs and the Big Dog Bounce PCFs)

PCFs:

• #1-DNS
  (AVGC5>AVGC13)
• #2-DNS
  (AVGC13>AVGC34)
• #3-DNS
  (AVGC8-AVGC17)>(AVG(AVGC8,9)-AVG(AVGC17,9))
• #4-DNS
  (AVGC55-AVGC55.15>0)
• #5-DNS
  (C-C12)>0
• #6-DNS
  (V>AVGV120)
• #6-Big-Dog-Bounce
  (MAXH5.1>C*1.1)
  AND (STOC7.3<50) AND (STOC28.3>50) AND (C>AVGC21)
• #24-Risk-Reward
  ((MAXC21-AVGC21)/AVGC21)*100

EasyScan:
#1-DNS+Big-Dog-Bounce

Note:
Volume 5-Day-H is under “Technicals” and is a value setting. It is set at roughly
>100K.

You can use what ever you feel comfortable with in your trading style.

Tabs:
(These are just a suggestion. Use what you feel comfortable with)

Examples:

These were picked by the system after close on July 2, 1999. They were sorted using the #24-Risk-Reward PCF.

CNV Has already started back up from the 21 dma.

TJCO is just starting its turn back up.

TIE is a little early yet. Wait for the bounce off the 21 dma.

Also watch for the signals from your tabs, they haven’t turned yet.

These are only examples and are for training purposes only.

Clearstation
Tab setup close to clearstation(mcsteiny)

I set up a Tab that would best reflect Clearstations webpage thusly:

TOP: Bar chart 5 ma
exp. white
13 ma exp. magenta
40 ma exp. cyan
50 ma exp. yellow dashed
or dotted
BOP

Middle: MACD12,26,9 – magenta
fast/blue slow – wide – simple
Stoc23,4,9 – red
fast/green slow – dots – simple

Bottom: MACD12,26,9 –
yellow – histogram – simple
RSI13,3 –
magenta – wide – simple

If you read Clearstations education section, and what they are preaching, it seems to make sense. Like the Dahl/DNS, they feel that money is to be made easier in trending stocks. I found that after testing this TAB, I can use it with Dahl/DNS, DNS short term, Tripple cross-over, and just about everything. For the first time, I can really see what is going on, and feel confident about what I am seeing! I use this TAB as my base, and check the others as I’m going, depending on the stock.

Much thanks to cpratsch for his idea’s and input. By the way, cpratsch, you were right about the Stoc12,4 indicating 2-3 days early against the MACD12,26,9. I tried it, and changed it to what you use, the Stoc23,4,9… better. Even it might be a day early.

Exiting a good trade(jnorfy)

From Clearstation: (paraphrased) If a stock fails to move on Stoc26.9 going from below 20 to above 80, exit the position.

I realize that you are not necessarily using stoc26.9, but the same holds true. If you buy a stock based on some indicator, new, fundy, etc; and it doesn’t materialize, get out and don’t look back. Put the capital to work somewhere else. The stock may shoot up, it may tank. If it rises, get in the next time your signals say buy. It is always easier to get back in to a stock going (albeit later) your way, then get out (or hold) one that went against you.

Added 02-02-01 (message 13890 by Dietrich_67)
However, I do not agree with what is written … as they add indicators not appearing on the ClearStation charts and they have the time periods “wrong”. Here’s what I would use, noting it takes two tabs:

Tab #1 -Top window-
Bar chart of prices
13-day moving average (exponential)
50-day moving average (exponential)

-Middle window-
MACD with short=12, long=26, and period 5
set to exponential

-Bottom Window-
Stochastic period=5, SK Period=5, SD Period=3
and I have it set to exponential but it may be simple on the ClearStation site.

Tab #2 -Top window-
Same as above

-Middle window-
Volume bars with 30-day moving average (simple)

-Bottom Window-
Same as the middle window above but plotted as a histogram instead

(via the check box at the bottom)

I’ve grouped them in this fashion, which slightly differs from the way they appear on the ClearStation page, because of the system described by Kensey (Doug) and the gang over there.

Their primary indicator is MACD, so it makes sense it needs to be the first indicator listed. Stochastic is their primary confirming indicator, which they only say provides an long entry indication if the MACD is in an uptrend. In other words, one or the other alone does not an entry make. To me, that means those two indicators must be on the same Tab

The second set of tabs places the volume indicator first because that’s an underlying assumed indication. If the volume/price relationship is not sound, then that kibashes the whole thing.

You would get no arguement from me if you swapped the histogram of the MACD to Tab 1 and the actual MACD chart back to Tab 2. I know lots of people who prefer the histogram, I just don’t happen to be one of them.