Replies to post #1511 on RingingDaBell Stock Club (RDBSC)

[RingDaBell]

I just take the and chart the stocks, I was posting them here but to do that through stockcharts takes some time,

Ask him how to use them and he will provide you with the best explantion but so far the stock he picks off the scans has been a winner.

I like the ones where the indicators are turning up on them and volume coming in.

It is a little bit more difficult to profit from a drop scan with all the tax loss selling at the end of the year.

From what I have seen is he is in and out, picks his entry and picks his exits and does not hold the bag.

He is quick to take profits and quick to cut losses. Sometimes when the chart is right though he will even average down.

[Qone0]

The scans scan the market in real time. They scan through all 14,609 companies on the OTCBB and OTC market.

The drop scan is designed to identify stocks that are over sold and due for technical bounce. But you have to chart each one on the scan to see if they are ready or not.

The momentum scan is identifying stocks that are up 10% or more on double their average volume and some other stuff..lol..

The scans basically are identifying stocks that are trading with increasing Volitility.