StockFetcher Forums · General Discussion · Bearish price channel breakout<< >>Post Follow-up
richo
74 posts
msg #77427
Ignore richo
8/11/2009 7:59:14 AM

Looking for proper wording to capture stocks breaking out of a bearish price channel. Recently
someone referenced AXP on another board calling a breakout at 29.85 Any ideas are most
welcomed

Thanks

Rich


chetron
2,817 posts
msg #77428
Ignore chetron
modified
8/11/2009 8:55:46 AM

MAYBE....

Fetcher[


ADD COLUMN Linear Regression(60,1.0) {SHORT AT}

Price is approaching the Linear Regression(60,1.0) FROM ABOVE
30 DAY SLOPE OF Linear Regression(60,1.0) ABOVE 0

]



johnpaulca
12,036 posts
msg #77435
Ignore johnpaulca
modified
8/11/2009 10:03:29 AM

oops!

chetron
2,817 posts
msg #77437
Ignore chetron
modified
8/11/2009 11:16:04 AM

OR EVEN....

Fetcher[
SET{VAR1,DAYS(HIGH ABOVE TOP Linear Regression LINE(60,1.0),100)}

DRAW VAR1


ADD COLUMN Linear Regression(60,1.0) {SHORT AT}

VAR1 BELOW 10
Price is approaching the Linear Regression(60,1.0) FROM ABOVE
30 DAY SLOPE OF Linear Regression(60,1.0) ABOVE 0

]



chetron
2,817 posts
msg #77468
Ignore chetron
modified
8/11/2009 10:15:34 PM

or....


Fetcher[
draw price line at high 13 day high
draw price line at high 13 day high 13 day ago

add column high 13 day high 13 day ago {short at}

price approaching high 13 day high 13 day ago from above

close above .1
volume above 10000000
]



richo
74 posts
msg #77498
Ignore richo
8/12/2009 8:35:10 PM

Thanks for the responses. The slope would actually be down and the upside break would be bullish.
How would that downward sloping channel be drawn?

Rich

StockFetcher Forums · General Discussion · Bearish price channel breakout<< >>Post Follow-up

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