I was referred here by Jack over at Stockcharts.com help.
I have a chart setup I've been using for about three years now. It has a nearly 85% success rate when used as a short setup, but I need a scan to save time, since I don't have the time to slog through 1,000 charts every day.
Anyway, let me tell you what I'm looking for.
First, three examples:
INO on July 23rd.
ABB on July 26th.
DECK on July 27th.
All of these were multi-baggers using puts.
I'm looking for a big black candle, higher than avg volume, and MFI above
80. As I said, I've been using this as a short signal for a few years, and it's right
almost 85% of the time.
I'd LOVE to see how this scan is built. I've never been able to get it to work, however.
Oh, and feel free to use it!!