Weinstein System: Weinstein Scan.

Done somewhat in the manner from Stan Weinstein's excellent book "How to Profit in Bull and Bear Markets".

It is written to only look at stocks of $3 or more but you can change that.
. . . Relative Strength Indicator (RSI) higher than that from 5 days ago.
. . . Closing price is higher than the average in the past 30 days.
. . . Volume at least 120% of that from the last 2 months. (The 120% is arbitrary. I used it because it seems to work)
. . . Average volume for the last 2 months at least 100,000 shares (note that TC/2000 reports shares in hundreds).
. . . Price today higher than 30 day average
. . . Price today higher than in the last 3 weeks

((C >= 3) AND (RSI30.9 > RSI30.9.5) AND (C > AVGC30.1) AND (V >= (1.2 * AVGV42.1)) AND (AVGV42.1 >= 1000) AND (C > C1) AND (C2 < AVGC30.2) AND (C > MAXH14.3))

Example:(Found 11-22-1999 by scan)
 
 
 

Updaed: 11-17-01
message 18011 by jdh1344

Since you have read Stan Weinstein's book "Secrets for Profiting in Bull and Bear Markets". (it had a strong influence on me) you will be able to see how the following may be applied to his methods

For 10 week and 30 week SMAs use 50 and 150 Day SMAs

(50 up through 150) PCF
AVGC50.1 < AVGC150.1 AND AVGC50 >= AVGC150 AND AVGC150 > AVGC150.1

(50 up through 150 in the last 5 days)
AVGC50.5 < AVGC150.5 AND AVGC50 > AVGC150 AND AVGC150 > AVGC150.1

(C xing 150):
C1 < AVGC150.1 AND C >= AVGC150

And (C xing 150 1 week ago):
C6 < AVGC150.6 AND C5 >= AVGC150.5

(Try the above see what works for you)

For those breaking above overhead resistance for the last I year period.
C >= MAXC250.1
For those breaking above overhead resistance for the last 3month period
C >= MAXC63.1
(From the two above you can see how to make one for any period you might want).

For volume at break out
V>2.5*AVGV21
For how to setup your chart tabs read that part of message #17954
For an Idea on how to find those in a stage 1 base see message #17811, which is in reference to #17802
All this should get you started in the right direction and give you plenty the study and try for a while. The overall market is in possible (worst case late stage 3 early stage 4) (more hopefully) late stage 4 with some making nice stage 1 bases now. Be patient and preserve you capital at this time I only play 35% of my trading capital. I have doubled that for a 100% return over the last 9 months in a bad market and I don’t play the short side. So the system works if you quickly get out of those that don’t continue to act well and ride those that do, which is easier said than done. I don’t have the time to set in front of one, two, or three screens all day long as some do. I would not want to even if I did have the time. You need to find that style that fits your needs and
philosophy. This is not so fast paced. I only play those that are making a strong move.
I usually start with 5 well chosen positions then get rid of those that are not acting well, to increase the position in those that are. This takes only daily maintenance in the evening of checking them against a trendline or in the beginning an MA, and scanning for new candidates, total 1 hour or two. Then in the AM an hour, moving stops up, adjusting positions &c. I don’t make it fast but I don’t loose it fast either. Those who day trade, or are purely indicator junkies can’t even see these opportunities the time frame of their indicators is too fast, they can’t stand to hold
that long. When the market goes to stage 1 there will be many more opportunities then. More opportunities than you can cover If you play now remember to find the leading sector and play the stronger ones You can scan using the TC2000 caned PCFs (price % change) for the day, week, and 30 days to see where they are.

= = = = =

From messages 19487-19488 by jdh1344

If you want to follow that discussion, go to:

http://clubs.yahoo.com/clubs/auxiliarytc2000usergroup

Read messages #121,#123,#125,#133

The following are pertinent excerpts:

From #123
>>>
Sir Four Phase (Feb. 9, 2001 Daily Worden reports) uses a 145 DMA others similarly use 200. I Prefer 150 (this is not too significant though) I'll write his formulas as I interpret what I see given:

Phase II(A):

1. AVGC>AVGC145
2. AVGV2/AVGV126>2
3. C>MINC21*1.20 (note: this one is not clear and open to interpretation)
4. AVGC3.21<=AVGC145.21ANDAVGC3>AVGC145

Phase II(B)

1. AVGC>AVGC145
2. AVGV2/AVGV126>2
3. C>MINC21*1.35
4. C>MAXH250.1
5. AVGC145>AVGC145.126

Phase II(C)

1. AVGC>AVGC145
2. MAXC10>MAXC246.11
3. MAXC21.10<MAXC63.32
4. AVGC145>AVGC145.126

Qualifier or conditional scans

Aggressive:

AVGV63*AVGC63>200
MAXH500/MINL500>2

Conservative:

AVGV63*AVGC63>800
MAXH500/MINL500>1.5

From #133 on the auxiliary board
His qualifier or conditional scans are somewhat unique. The one he calls aggressive is the least limiting, so by aggressive I believe he is saying that with this he will look at more charts or consider more stocks as possible plays. I strung the statements together with AND statements Including the aggressive qualifier These have been converted to a 150 DMA so as to be more in agreement with Weinstein’s book I have setup 3 columns on one of my sort tabs with the 3 PCFs as sorts. Now I can easily see when any single stock appears on all three sorts
They are:
Phase II (A)

AVGC > AVGC150 AND AVGV2 / AVGV126 > 2 AND C > MINC21
* 1.20 AND AVGC3.21 <= AVGC150.21 AND AVGC3 > AVGC150
AND AVGV63 * AVGC63 > 200 AND MAXH500 / MINL500 > 2

Phase II (B)

AVGC > AVGC150 AND AVGV2 / AVGV126 > 2 AND C > MINC21
* 1.35 AND C > MAXH250.1 AND AVGC150 > AVGC150.126 AND
AVGV63 * AVGC63 > 200 AND MAXH500 / MINL500 > 2

Phase II (C)

AVGC > AVGC150 AND MAXC10 > MAXC246.11 AND MAXC21.10 <
MAXC63.32 AND AVGC150 > AVGC150.126 AND AVGV63 *
AVGC63 > 200 AND MAXH500 / MINL500 > 2

I tend to like his qualifier or conditional PCF. It mostly gets rid of the junk but allows you to see even the low priced stacks