deb99891,
The basic purpose is to identify and concentrate our investment on the right sectors and industries .Monitoring the 4%+ breakouts on industry wise on a day to day basis will serve this purpose.Stocks from the strong sectors will repeatedly breakout.Need not perfect the methods to a very high degree of perfection and sophistication.
If you go through the excel sheet you can find many Bank and reality stocks breaking out.These are heavily hammered stocks bouncing back. Others like fertilizer, software and sugar have clear catalysts.I don't think a computer can to do such an analysis at least in near future.My scheme is to concentrate on simple workable methods.
The basic purpose is to identify and concentrate our investment on the right sectors and industries .Monitoring the 4%+ breakouts on industry wise on a day to day basis will serve this purpose.Stocks from the strong sectors will repeatedly breakout.Need not perfect the methods to a very high degree of perfection and sophistication.
If you go through the excel sheet you can find many Bank and reality stocks breaking out.These are heavily hammered stocks bouncing back. Others like fertilizer, software and sugar have clear catalysts.I don't think a computer can to do such an analysis at least in near future.My scheme is to concentrate on simple workable methods.