When ever stock prices fall, the first think to do is run your alpha scanner
(relatin>ve strength) to find stocks that have not being sold off at the same
rate as the general market. You want to find stocks that have only be sold
off 5% when the general market has sold of 15%. The stocks found can be classified
as within a very determined market up phase. Or more bluntly these are the
stocks the portfolio managers do not want to sell as they foresee more upside.
We did a Alpha scan for stocks at the bottom of the recent August SP500 sell
off. Some of these stocks have already bounced back 10%.
Of course you do the opposite when the market is up, you scan for stocks
with negative alpha for future shorts.
We are financial market enthusiasts using methods expressed by the Gann, Hurst
and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides
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investors.
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