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|Subject: Quasi-Weinstein formula||Date: 2/23/2001 9:01 PM|
|Author: fulltimedreamer||Number: 8 of 80|
I use this formula to scan for Weinsten-like bases. It returns a lot of charts, though, so I'd be interested to read suggestions on how one might narrow the field a little. Here's the formula:
C >= (AVGC150 * .9) AND C <= (AVGC150 * 1.1)
This formula will find all stocks within 10% of the 150-day moving average. I know that Weinstein's methodology is not just about that particular moving average, but I figured it was as good a place to start as any in a search for stocks moving from "stage one" into "stage two." When using the formula for a scan, I further narrow the search by setting minimum price and volume requirements.
Does anyone else who is familiar with Weinstein have any ideas for narrowing the search? Any other criteria that you feel should be added?
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