The ABC Downs Scan - What it is
The Scan searches for 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, or corrections,
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.
The time frames can be minute, hour, daily, weekly,
and monthly ABC Downs time frames.
Traders who look for short-term gains on their Plays,
look at the smaller time frames,
in looking for theses ABC Down moves.
This 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 into my stock,
get out of it,
and go to the next Play.
Hope this helped you. Good Luck !!
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