| StockFetcher Forums · Filter Exchange · THERES ONLY ONE WAY TO USE WARM POP-80. | << >>Post Follow-up |
| as214 184 posts msg #43700 - Ignore as214 |
5/14/2006 7:17:26 AM Very insightful, great work Riggs. Nice to see a short term trader who focuses on fundamentals. You will be well served in the long run with his methodology. |
| TheRumpledOne 6,411 posts msg #43713 - Ignore TheRumpledOne modified |
5/14/2006 6:25:05 PM I don't know if you notice my Middle Display Filter or not. If you add this to your trading arsenal, you'll think you have a "crystal ball". So long as the stock keeps closing above the previous day's middle, ( high + low ) / 2, you can stay long. Once it crosses below the previous day's middle, it's time to bail. If it crosses back above the previous day's middle, it's safe to reenter. This may sound too simple, but it works. I developed this while trading FOREX but it works like a charm for stocks too. MAY ALL YOUR FILLS BE COMPLETE. |
| TheRumpledOne 6,411 posts msg #43714 - Ignore TheRumpledOne |
5/14/2006 6:52:56 PM "When "TheRumpledOne" developed and created "Warm," I noticed that the only stocks that fared well were, stocks that had an Accumulation/Distribution reading above "80." TRO origanlly called for all four(adval,rsval,moval,wrval) to bottom out. Well....there were just too many stocks on his filter to choose from. Not to mention too many BAD company's. So I started filtering EVERY chart I looked at through "WARM." What I found was, the majority of the STRONG company's were always well above A/D-80. This was a pattern that was so obvious, that it stuck out like a Hooker in a Hotel Casino lounge! Next, I noticed that these types of company's didn't give you "headfakes" at the bottom like "TRO" origanally planned for his display. Meaning....having "adval" below 25 with the other three. The problem I found with that was....in the bull market we were just in, didn't show the stocks that you needed to be in. It was a great concept that just needed to be refined, so I turned it into an actual filter " I did NOT create "WARM"... Mike Parker did. Mike called it the MP RSIWLR Analyzer. He developed it for www.prophet.net. All I did was create a display filter for StockFetcher that did the same thing. I later called it "WARM" because that rolls off the tongue easier than RSIWLR...LOL. Also, WARM denotes all of the indicators used: Williams %R, Accumulation/Distribution, RSI and Momentum. The reason I created a filter in the first place was to find stocks that fit the pattern Mike was looking for with his analyzer. Using www.prophet.net, you have to enter the stock, look at the display and determine if the stock is a keeper. Using a filter, you can set the WARM parameters to select exactly what you are looking for in the first place. Make the computer do the work! I made the filter display as versatile as I could so others, like Riggs, could adapt it for their own use. So just to set the record straight and give credit where credit is due, Mike Parker is the originator of the MP RSIWLR Analyzer display. |
| clam61 92 posts msg #43813 - Ignore clam61 |
5/17/2006 1:10:49 PM Riggs great post. maybe you could help me out here. yesterday i saw PXR on your filter, all elements of warm were pointing up, and it had a bullish engulfing pattern. today it gapped down...was this a good or bad pick? |
| WALLSTREETGENIUS 983 posts msg #43834 - Ignore WALLSTREETGENIUS modified |
5/18/2006 3:02:37 AM "was this a good or bad pick?" __________________ Look at the overall market...what do YOU think? - RIGGS - |
| clam61 92 posts msg #43898 - Ignore clam61 |
5/19/2006 2:36:51 PM i guess that was a rhetorical question what i was really looking for was why it was a bad pick |
| WALLSTREETGENIUS 983 posts msg #43992 - Ignore WALLSTREETGENIUS |
5/21/2006 4:04:39 PM Did you notice SHOO & CHAP showed up on my new "MACD Triple Bottom" filter? Coincidence? NOT!!!! - RIGGS - |
| WALLSTREETGENIUS 983 posts msg #43968 - Ignore WALLSTREETGENIUS modified |
5/22/2006 3:10:16 AM Now that I'm more convinced that we found a bounce in the market....it's time to look at some of these stocks that "Warm Pop-80" has spit out. So what are we looking for? Reversal patters in stocks that move! So let's start off with Friday's close 5/19/06. (WST): Formed a TRUE "Piercing Pattern." The reason I say "TRUE," is because most traders that see a piercing pattern don't know or don't pay close attention to how deep the "Piercing" is. What I mean is....a true Piercing MUST close at least 50% into the previous day's long dark candle! Anything less, is a "headfake." What investors in WST are saying is...Bears have brought WST to new lows and are watching with contenment. Then WST gaps lower,(5/19/06)but Bulls have regained their footing and not only surged to surpass yesterday's close,(5/18/06)but rocketed sharply above it! Also, look at the divergence that's been created by ccval and wrval in "Warm!" Look at the intraday chart on WST. It has formed a "Bullish Mat-Hold! Fundamentally speaking, The ratio of WST's price-to-earnings multiple to its five-year growth rate is slightly below the average of most stocks of it's kind. VERY POSITIVE! (CHAP): In this kind of market, basic industry stocks(Steel)always seem to do well. So I've been watching CHAP the last few days now, and noticed it also is ready to pop! The last 5-days, the lows have been very consistant in that, the Bears have all but run out of steam. On 5/17 and 5/18, they formed a "Tweezers" bottom! A very bullish reversal pattern. Within that pattern on 5/18, you see a bullish "Inverted Hammer!" When the market is correcting it self, you want to see these IVH'S. So the confirmation of the reversal came the next day on Friday's close, when it formed a "bullish thrusting line" on well above 90-day average volume! When you see white candles with long "tails" at the bottom of downtrends, trade in the opposite direction and fast! Not to mention, if you're "waiting for green"....look no further. (SHOO): Here's a stock that loves to "move in price." Out of all the stocks that "Warm" spit out on friday, SHOO has the best fundamentals! IMO, fundamentally and technically, SHOO gets a double A+! This small cap company's Earnings growth in the past year has accelerated big time, compared to earnings growth in the past three years, and will certainly outperform the market over the next 6-months! Again, look at the divergence in ccval and wrval on "Warm" with increased volume. When you see "Side-by-Side white lines" at the bottom of a chart, that's VERY BULLISH! Also, notice the gradual upward movement in "Warm Pop-80." Look at SHOO intraday on friday's close... notice the Time Series Forecast(20)? Notice the "Evening Star" set-up? If the market holds Monday 5/22, you'll wanna be in these 3 stocks for sure. - RIGGS - |
| WALLSTREETGENIUS 983 posts msg #43694 - Ignore WALLSTREETGENIUS modified |
5/27/2006 11:30:46 AM Greetings, Lately there has been some public interest in how I use "Warm Pop-80." So I wanted to take some time and show some of the new members here exactly what I look for in Company's and technicals alike. When "TheRumpledOne" developed and created "Warm," I noticed that the only stocks that fared well were, stocks that had an Accumulation/Distribution reading above "80." TRO origanlly called for all four(adval,rsval,moval,wrval) to bottom out. Well....there were just too many stocks on his filter to choose from. Not to mention too many BAD company's. So I started filtering EVERY chart I looked at through "WARM." What I found was, the majority of the STRONG company's were always well above A/D-80. This was a pattern that was so obvious, that it stuck out like a Hooker in a Hotel Casino lounge! Next, I noticed that these types of company's didn't give you "headfakes" at the bottom like "TRO" origanally planned for his display. Meaning....having "adval" below 25 with the other three. The problem I found with that was....in the bull market we were just in, didn't show the stocks that you needed to be in. It was a great concept that just needed to be refined, so I turned it into an actual filter WHAT DO "I" LOOK FOR WHEN CIPHERING THROUGH STOCKS? Well...a good place to start for any new trader is "IBD'S TOP 100." until you get to know the consistant patterns of most of the top S&P'S 500 company's, the "IBD 100" will most of the time outperform most markets. So what ARE these company's you ask? They are stocks that MOVE-IN-PRICE! In other words....when they come off pullbacks, they jump and usually exceed previous high's. I'll talk about one of these company's that showed up on my filter shortly but first, let's talk about what you want to see in chart patterns on Warm Pop-80." The first thing is....we already know that A/D is gonna be over "80" for the last 1-month anyway, and that ccval, rsval, and wrval are increasing 1-day. So what does that all mean you ask? It means....the bottom has been found and it(the stock) has already bounced for you. So what's next????? ******************************************************************************** CANDLESTICK FORMATIONS: This is where most traders forget what they are doing. They think since they found the bounce, it's all gravy from here. WRONG!!! It's actually just the beginning of TRYING to lock in profits! Now most traders don't have the luxury of intra-day trading, so "I" would look for the 3-candle "morning star" formation. And you will find MANY of these on the "Warm Pop-80" as long as a new market trend is beginning, or it's in the midst of one. (Bullish Piercing) This particular one is very powerful in that, it indicates a bottom reversal. This happens when most Short sellers are second guessing themselves and new lows might not hold up. This is where you're going to find alot of DIVERGENCE on charts as confirmation to jumping in. (Bullish engulfing) at the bottom of charts is yet one more indication that all the hurting is done! This is a major reversal 2-candle pattern, that shows buying pressure has overwelmed selling pressure and it's usually the beginning of a new major upward movement. CANDLESTICK CONCLUSION: Those three I just mentioned, are the most POWERFUL formations you'll find in "Warm Pop-80." If you're seeing anything else, you will be dealing with mediocore small gains or "headfakes." Any trading should never be without the Candlestick bible. And that is Steve Nison's "Japanees candlestick charting techniques." Read this book front to back at least 10-times before entering any trade! If you do....bad trades will be a thing of the past. ******************************************************************************** STOCK CIPHERING 101: I mentioned ealier we were going to look at a strong stock that "Warm" has spit out recently. Here again....we want to trade WITH the market, so lets go back to the most recent market ascension..... Looking back on 4/26/06, the S&P 500 formed a "Tweezer" bottom, meaning...a matching 2 or 3-candle low. So the first stock I saw with great fundies didn't show up until 4/28/06. It was none other than (DRQ), and the "Drillers" had been performing quite well at this point. I also noticed that DRQ formed a "morning star," with an "inverted Hammer." Telling me that selling pressure had all stoped at this point. Well on the next trading day,(5/1/06)it gapped open at $73.20, which was just as I expected. But I never buy the open. So I waited till I saw some glimps of divergence. That happend at 1:50 PM PST. while forming a "Morning Star" and then trading above it's intraday 200-day MA. I got filled @ $73.15 and never looked back! It gapped up again the next morning(5/2/06) @ $74.75, and throughout the day NEVER met the previous day's low. Then buy the time the bond market closed,(3:PM PST) I noticed DRQ was setting it self up nicely for another gap-up! Sure enough....on the next day,(5/3/06) it gapped up to $80.00! But by now the full body was completely out of the daily Bollinger Bands, so I waited for a burst of volume, and it happened in that first session with over 100K in volume! That was my exit. So I got filled at $83.54!!! That's a $10 increase in just 3 frickin' days! That's why you only buy "STRONG COMPANY'S!" ******************************************************************************** For all you new members.....I was once accused by a member that isn't even worth mentioning his name, of developing filters that are "Market mimicking filters." Well, that IDIOT obviously doesn't know that you WANT to "mimick" the market, and you NEVER want to trade againt it! If you do....the market will stick a pole up your rear-end and poor gravel down your shoot! Then it will spin you around 10 times, and punch you so hard in the face that you will think that you look like that kid in the movie "Mask!" Listen guys....get to know the market pulse... Keep an eye on current events....and what industries are performing well in what markets! Before you put a dime into ANY stock, make sure you know EVERYTHING you need to know about buying that stock! Then...and ONLY then...use this filter and watch your profits sore to the moon!!!!!! Good luck fellow traders, - RIGGS - |
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