Admin wrote:Novice, regarding the below the stomach, we are not sure if we should include it in the advanced stock screener since it is a bearish screener. All the screeners we currently have in the advanced one are bullish, we are not sure if we should mix them or have a separate advanced bearish screener in the future. What's your thought? For our next release, we will be focusing on bullish candlesticks, let me know what patterns you like to have.
ya thats no problem, i had seen that you had 2 different types of screeners. so if when you guys are ready to post up bearish stuff you can throw it on then...thats cool. hopefully its before september, that is when the obama admisstration will have to start answering the tough questions regarding alt-a and ARMS morgages, and if the market doesn't like there answers or it doesn't believe them, well you can probably guess what will happen. no buddy can pridict sentiment, but i do know that considering that is when the potential default will being to rise and continue until the end of 2011, and since we are in a bear market, my guess is some large investors may be hitting sell more than buy.
oh and i am giving myself homework, out of the 103 candle patterns available, there is a ranking in both bull and bear markets i will give you an example of one...its a post that i will be doing for everyone.
Last Engulfing Bottom
theroretical: bullish reversal
actual bull market: bearish continuation 65% of the time (ranking 14)
actual bear market: bearish continuation 67% of the time (ranking 12)
frequency: 13th out of 103
overall performance over time: 48th out of 103
the reason is i want a spreadsheet from #1(which is the best ranking) to 103 (which is the worst) in both bull and bear markets so that will be comming soon to a post near you...lol
Hope This Helps And Don't Forget To Have A Fantastic Day.
