Bullish Percent Indexes from Stockcharts

Bullish Percent Index for the Nasdaq Composite ($BPCOMPQ).

percentage of stocks above the 200 Day Moving Average ($NAA200R)

percentage  of Nasdaq stocks above the 50 DMA. ($NAA50R)

$BPNYA

New York Composite Percentage Of Stocks Above The 200 DMA ($NYA200R).

percentage of stocks above the 50 DMA ($NYA50R) 


$BPSPX and $BPNDX


http://stockcharts.com/articles/chartwatchers/2014/09/bullish-percent-indexes-close-the-week-lower-as-new-highs-on-the-indexes-are-made-.html

Finding Continuation Triangles And Wedges With Telechart (zz)

http://forums.worden.com/default.aspx?g=posts&t=26559


The chart is created by 4 things...

1) The custom indicator (h*1.01) - this represents a point 1% higher than today's high
2) The custom indicator  (l*.99) - this represents a point 1% lower than today's low
3) A 10 day linear regression line of #2
4) A 10 day linear regression line of #3

Now you can sort for the dragon which is a very easy process.  First, I sort my watchlist by the 10 day linear regression of the high blue line looking for stocks that have a sort value of 0.10 or less.  Then I space bar down the list looking for candidates which are very easy to spot.



The dragon candlestick pattern PCF
C > O AND C - O < (H - L) / 2 AND (AVGH3.1 - AVGL3.1) / (MAXH3.1 - MINL3.1) > .8 AND C > MAXH3.1

if you want more consolidation days, just change the 3 in the formula with whatever number of days you want

The Fishhook Setup by Scot1and

http://educsos.blogspot.com/2014/09/the-fishhook-set-up.html

I see this strategy works quite well recently. Scot1and looks for the low priced stock (I believe <$5) with prior negelect, then suddenly one day with a big breakout. The strategy is to trade the upside momentum continuation after a few days pullback (within 5 days after the breakout). The entry is prior to the close on  the very first up day. The stock should close at HOD or close to HOD on the up day. Usually the stock should gap up the next day. This is a short term trade. I find out that stock can go up till 12pm next day then fade away. So it is important to sell into strength to take profit.

I think recently the stock UTHR also qualified for this strategy. The entry should be on 08Sep then sell next day. Even though UTHR is a high priced stock, it has the same behavior.

Vehicle identification with the initial thrust is important.