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Tuesday, July 20, 2004 6:15:46 PM
Stockcharts: Stock Scans on CPST
Just wondering if anyone can assist. I am reading a book on candlesticks (yes greener than split pea soup I am sure).
My question is on CPST (Capstone):
(Assuming today is the 20th I am looking at July 19/20)
What my question is - from what I am seeing, these two dates appear to be indicating a "Bullish Harami". Is this true? Both are long candles (Black first; White (hollow) second); long=strong reversal; after a period of decline etc.
Reviewing others in the stock scan (8 of them on Nasdaq), I cannot see why this would not be included -- unless someone can point out to me where my "interpretation" is wrong.
Further, I can only think that the Stock Scans are based on "mathematics" which are only as good as those parameters given.
I never read it but - how accurate is the Stock Scan? I would think there is a chance of "included" in error on the list and/or "missed" from the list in error.
Anyahoo, appreciate any help.
Sexton
FWIW: PHPI
Just wondering if anyone can assist. I am reading a book on candlesticks (yes greener than split pea soup I am sure).
My question is on CPST (Capstone):
(Assuming today is the 20th I am looking at July 19/20)
What my question is - from what I am seeing, these two dates appear to be indicating a "Bullish Harami". Is this true? Both are long candles (Black first; White (hollow) second); long=strong reversal; after a period of decline etc.
Reviewing others in the stock scan (8 of them on Nasdaq), I cannot see why this would not be included -- unless someone can point out to me where my "interpretation" is wrong.
Further, I can only think that the Stock Scans are based on "mathematics" which are only as good as those parameters given.
I never read it but - how accurate is the Stock Scan? I would think there is a chance of "included" in error on the list and/or "missed" from the list in error.
Anyahoo, appreciate any help.
Sexton
FWIW: PHPI
"When you have to shoot, shoot. Don't talk."
Tuco (The Good, the Bad and the Ugly)
"An umbrella with holes is better than no umbrella at all."
Dr. Alexander Elder on using stops.
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