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Re: pgmomni post# 27555

Friday, 10/18/2013 8:05:31 AM

Friday, October 18, 2013 8:05:31 AM

Post# of 245848
The ABC Downs Scan, shows those stocks that have fallen in an ABC Down sequence. An ABC Down move is a Technical term, used by Chartists and Technicians. It is a long established theory, that stocks move up and down in an ABC sequence.

ABC Down moves are followed by ABC up moves, within a Wave sequence.

If you're able to get into a stock just as it has fallen to the C level, you have a perfect set-up to catch the ABC up move.

These ABC moves occur in different time frames.

They can be minute, hour, daily, weekly, and monthly ABC Downs.

Traders who look for short-term gains on their Plays, use the smaller time frames in looking for theses ABC Down moves.

Thaat is what I like to do. I don't want to tie my money up for a long period of time. I want to get in, and get out, and go to the next Play.

Hope this helped you. Good Luck !!

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