I often get asked about how I find swing trade candidates. Hopefully this post will answer those questions. As I’ve written before, most of the stocks I track initially came up on one of my candlestick pattern scans. (Please feel free to search the archives and/or use the subject index) My process is no different [...]
Posted by 12 October 2005
T2108 Time
Worden’s trusty T2108 indicator (% of NYSE stocks above their 40-day moving averages) dropped 23.71% today and closed below 20. As I’ve pointed out several times before when it reaches 20 the market’s seriously oversold. When I pointed out the break of 20 back in March the market quickly bounced, pushing T2108 up to 36. [...]
Posted by 29 March 2005
Time to Whip Out T2108
Worden has an indicator called T2108 which plots the percentage of stocks above their 40-day moving averages. In effect it works as an overbought/oversold indicator for the market. This is an indicator that Duru and I like to check when we get strong moves in the market. I was just instant messaging with him about [...]
Posted by 30 November 2004
A Question About Indicators
Here’s my answer to the following question which was posted in my comments yesterday by Gary: I’ve signed up for an evaluation of TC2000, which I was previously unaware of. However, after studying Worden’s videos and Help Contents on individual indicators, I’ve tried to find out if they would recommend where I could find info [...]
Posted by 29 May 2004
