Selasa, 03 November 2009

Can't Keep a Good Scan Down

I get an extra boost of confidence when a stock that I have recently read about (from technical trading blogs that I follow) hits my RT scanners. Often these stocks are already on my watchlist. Such was the case today with RIMM (Jamie's post here last night) and AU (HCPG blog a couple of days ago). The fact that the stock is being noticed/discussed elsewhere implies move potential in either direction - I simply go with the NOW moment flow.

Also from the scanner, UNP had a very nice gap up and consolidation setup. The snapshot below captures some key scanner hits today and 15min charts for RIMM & UNP with the associated NR7 bars highlighted. I just love it when a scan, I mean plan, comes together.

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