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TheFastOne

10/13/12 8:18 PM

#106611 RE: MB3 #106610

I've written a dozen scans for bearinsh stocks ... they all sucked.

You made me look ... Here's a free site with a variety of Bear scans you can run ... I've never tried , nor will I, but if you find it of value please let the board know.

http://www.tradepilot.com/StockScan.aspx?Mode=Bearish

Stockcharts also has preconfigured scans, I think for members only.

GL
fred

gb55

10/14/12 12:48 PM

#106614 RE: MB3 #106610

here's a simple "overbought with declining rsi" scan....i added a couple of minor tweaks for volume and price....brings up some good looking short candidates imo (charts below)

[type = stock] and [daily sma(20,daily volume) > 40000] and [today's rsi(14) < 70] and [yesterday's rsi(14) > 71] and [2 days ago rsi(14) > 72] and [3 days ago rsi(14) > 73] and [Close > 5] and [Volume >50000]