Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

newrider, I have no code... just templates run out of an scanner "add on" to my real tick package. I also have telescan end of day with proprietary scans from 1997 that I tweaked and tweaked! (here also no code) just plug in the criteria I like. The difference is my UNIVERSE of stocks are limited from the outset to eight stage 1 to Stage 4 stocks (depending on the trend and earnings plays) I saw QLGC was in Stage 3 (on 60 minute chart) and nearing the circle of stage 3 so it was bound to move in either direction (more likely down) and there are a lot of "similar techs" in that same situation. Once you decide on the Stage your stock is in its easier to make your decision based on the PIVOT points that follow.

Now these stages work also on intraday charts as well (I like the 60 minute charts for DEFINITIVE moves on which I base my micro trading) than of course enter and exit off the 5-15 minute entries. The more criteria that are met the better, that's why I picked up the QLGC puts yesterday into the 3:00 reversal period and the ADBE the day prior. QLGC and ADBE dropping like rocks!!