Free Swing Trading and Day Trading Picks & Education

Google stock (GOOG) is completing a full “Mirror-Image Foldback” (a fancy term for a symmetrical decline and recovery) into a possible resistance level at $600.  Let’s take a look at Google’s weekly chart to see these developments and pay close attention to what happens as price retests the $600 level soon.

Starting with the April 2008 swing high of $600, Google made an almost relentless fall down to the November lows of $250 per share (also forming a positive momentum divergence in the process).

Price reversed upward off these lows and then continued back to the upside in a stellar recovery (increasing over 100% in the process) in an almost identical ’straight up’ rise as the prior ’straight down’ decline.

If you look closely, it resembles the letter “V” and that reflects the symmetry in price moves.

The implication is that the $600 level could hold as overhead resistance on the first retest, so we need to keep watching that for any signs of reversal candles or downside action such that the “Mirror Image” would be exactly symmetrical, leading to a top.

Otherwise, a breakout above $600 would argue that price could eventually retest the 2007 highs of $750 per share, which would be ultra-bullish for the broader markets.  That’s why we need to watch the $600 level - it is important for so many reasons.

I can’t end the post without mentioning - at least in passing - the negative volume divergence which has formed all through the price rise in 2009 - it serves as a classic non-confirmation… but “Price is King” and everything else is secondary.

Interestingly enough, momentum (3/10 Oscillator) is confirming the price move with subsequent new oscillator highs (though a slight ‘immediate’ or ‘internal’ negative divergence has formed through November).

So, $600 is a key price barrier for bulls to overcome for continuation, or bears to push back price in a possible retracement at best or reversal down at worst.

Corey Rosenbloom, CMT
Afraid to Trade.com

Adam Hewison just released a quick update video on the S&P 500 this morning entitled “Trend Change Analysis on the S&P 500,” in which he labels two specific price zones to watch going forward.

(Image links to video page)

Adam notes the recent three swing lows as being key for price to hold and maintain the uptrend (which, by definition, is a series of higher highs and lower highs - which is what we’re seeing currently).

He also look at the current Market Club Trade Triangle signals and levels at which the current bullish triangles (daily and weekly) would change to sell or ‘take profits’ signals.

Like me (and everyone else!), Adam is highlighting the MACD negative divergence in price which continues to stretch out like a rubber band.

As an affiliate of Market-Club, I’m thankful for Adam to making these quick update videos available (this video is only 2 minutes in length).

Corey Rosenbloom, CMT

My near-term work argues strongly that Bristol-Myers Squibb (NYSE: BMY) is nearing the completion of its corrective period off of last week’s high at 25.75 into the 24.50 area. Right now I cannot rule out another loop down to revisit 24.50 (last Friday’s low), but if further weakness emerges I will want to enter/add to long positions ahead of unfinished business on the upside that projects to 26.60-27.00 next.

insert.a.chart.BMY

"Few American companies are as vilified as Goldman Sachs (NYSE: GS)," suggests Brandon Clay; nevertheless, the advisor recommends purchase of the shares.

insert.a.chart.GS

In his Invest with an Edge, he says, "While the firm conjures up images of Gordon Gekko saying 'Greed is good,' that's not necessarily a bad thing if you own the stock." Here's his review.

"Formerly an investment bank, Goldman is now a commercial bank, a change that allowed it to take billions in taxpayer assistance during the financial calamity of 2008.

"Some would debate the usefulness of keeping Goldman in business, saying the company doesn't produce essential goods like automobiles, clothes, energy or food.

"Still others would argue that Goldman probably didn't need the taxpayer money in the first place.  Given the massive profits it was turning before the financial crisis and robust earnings so far in 2009, Goldman has done just fine.

"Throw in the lavish compensation and bonuses many of Goldman's top employees receive and it's easy to see why the company is controversial.

"Goldman has been a public company for roughly 10 years. In that time, the stock is up by about 10% annualized, while the S&P 500 was generally flat for the same period.

"Goldman shares have more than doubled this year, leaving broad benchmarks in the dust. Financial stocks often outperform in bull markets, but Goldman's performance has been nothing short of extraordinary.

"It is worth noting that the stock is still well off its all-time high.  Any rebound in initial public offerings (IPOs) as well as mergers and acquisitions (M&A) will be good news for Goldman. GS is a kingmaker in the M&A and IPO worlds.

"Goldman's legendary trading operation is in even better shape. Goldman makes millions of dollars per day buying and selling every asset class imaginable.

"While risky trading practices played a big part in leading the financial sector to the abyss in 2008, Goldman is actually reducing its leverage according to some reports.

"While this may be a sign that Goldman is reducing its risk profile, it does not mean the company will be less profitable in the future. Analysts expect Goldman to earn $5.63 a share on revenue of $10.96 billion in the fourth quarter.

"The shares trade at a forward-looking P/E ratio of only 9.3. The share price may look high, but Goldman is a cash machine.

"While there is no such thing as a guarantee when it comes to the stock market, Goldman is a best of breed stock that is likely to keep rewarding shareholders.  As a can’t beat ‘em, join ‘em play on the market, go with Goldman Sachs."

• Britian risks becoming the first country in the G10 bloc of major economies to risk capital flight and a full blown debt crisis over the coming months, according to a client note by Morgan Stanley.
• “Growing fears over a hung parliament would likely weigh on both the currency and gilt yields as it would represent something of a leap into the unknown, and would increase the probability that some of the rating agencies remove the UK's AAA status,” said the report, written by the bank’s European investment team of Ronan Carr, Teun Draaisma, and Graham Secker.
• “In an extreme situation a fiscal crisis could lead to some domestic capital flight, severe pound weakness and a sell-off in UK government bonds. The Bank of England may feel forced to hike rates to shore up confidence in monetary policy and stabilize the currency, threatening the fragile economic recovery,” they said.
• Morgan Stanley said that such a chain of events could drive up yields on 10-year UK gilts by 150 basis points. This would raise borrowing costs to well over 5pc - the sort of level now confronting Greece, and far higher than costs for Italy, Mexico, or Brazil.
• High-grade debt from companies such as BP, GSK, or Tesco might command a lower risk premium than UK sovereign debt, once an unthinkable state of affairs.
• A spike in bond yields would greatly complicate the task of funding Britain’s budget deficit, expected to be the worst of the OECD group next year at 13.3pc of GDP.
• Investors have been fretting privately for some time that the Bank might have to raise rates before it is ready -- risking a double-dip recession, and an incipient compound-debt spiral �" but this the first time a major global investment house has issued such a stark warning.
• No G10 country has seen its ability to provide emergency stimulus seriously constrained by outside forces since the credit crisis began. It is unclear how markets would respond if they began to question the efficacy of state power.  (utter panic comes to mind)
• Morgan Stanley said sterling may fall a further 10pc in trade-weighted terms. This would complete the steepest slide in the pound since the industrial revolution, exceeding the 30pc drop from peak to trough after Britain was driven off the Gold Standard in cataclysmic circumstances in 1931.
• Morgan Stanley said Britain’s travails are one of three “surprises” to expect in 2010. The other two are a dollar rebound, and strong performance by pharmaceutical stocks.

• UK equities would perform reasonably well. Some 65pc of earnings from FTSE companies come from overseas, so they would enjoy a currency windfall gain.

• David Buik, from BGC Partners, said Britain is in particularly bad shape because the tax-take is highly leveraged to the global economic cycle: financial services provided 27pc of revenue in the boom, but has since collapsed. (very similar to how almost all growth in the US in the past decade has been concentrated in the hands of healthcare, or our financial oligarchy; I believe I read 40% of all profit growth in the decade before this collaspe the past 2 years was from financial firms)
• The UK failed to put aside money in the fat years to offset this time-honoured fiscal cycle. (that should sound familiar to Americans) It ran a budget deficit of 3pc of GPD at the peak of the boom when prudent countries such as Finland and even Spain were running a surplus of over 2pc.
• “We need to raise VAT to 20pc and make seriously dramatic cuts in services that go beyond anything that Alistair Darling or David Cameron are talking about. Nobody seems to have the courage to face up to this,” said Mr Buik.  (we should expect a VAT tax in the US within 2 election cycles ... 4 to 8 years)

Reflation was alive and well in the financial and commodity markets last month. Although November’s rally was well short of the best months this year, no one’s complaining. After nine consecutive months of upward momentum, interrupted only briefly among the major asset classes, 2009 is shaping up as one of the best calendar years on record.

As our chart below reminds, the year-to-date tallies are impressive. By any standard, it’s been a stellar year. Barring a wave of selling this month, risk premiums are on track for results that seemed impossible as 2009 opened.

The trend has definitely been our friend in the cause of rewarding risk. Momentum is king, at least for the moment. The big winner so far is emerging market stocks, which have surged by nearly 70% this year through November 30. Junk bonds are also posting unusually large returns. The laggard, of course, is cash, which is just about unchanged on the year.

The connection between return-less cash and outsized gains in risky assets is proceeding according to plan. The Federal Reserve has engineered the party and so far everyone’s enjoying themselves. The powers of easy money are feted the world over as we write. And that’s what worries us. No, we’re not expecting any sudden change of sentiment in the crowd. In fact, we’d be surprised if the upward momentum doesn’t roll on into the new year.

But 2010 is likely to look much different than 2009. The economic recovery, to be blunt, will face a host of challenges that were largely ignored or irrelevant this year. The Phoenix rising from the ashes is destined for the hard work and complications of navigating the new landscape of subpar growth, debt, higher interest rates and inflation and the general hassles that accompany rebuilding what's been lost over the past two years.

For now, however, the party's swinging. Enjoy. But don’t become too distracted. Expected returns fluctuate, which reminds that the midnight chime may yet turn our gilded carriage into a pumpkin.

These articles describe the statistical probabilities of long positions on these equities, based on neural net projections, for the next 5-15 trading days. These are not holy grail methodologies, the road to easy street, or anything else. These projections are the result of screening for technically significant retracement and momentum patterns that have been further screened for value and bullish sector performance. In other words, the projections are for long positions.

For 12/01/2009:

Below are the essential momentum screens with potential patterns. No neural net statistics are provided.

The stocks that demonstrated bullish pattern reversals screened by sector:

Stocks close to meeting neural net screen minimum criteria: CEDC

It does appear that there might be a two-week window for rallies in REITs, particularly equity REITs. For those who make fundamental value decisions may want to study the list above. More to come later. Off to fix software and blogs J.

Take care,

DBB

I will migrate this blog in the next few days to www.thebuffalotrader.com, but in the interim (that is for the next few months), I will also keep www.davidbuffalo.com pointed to this blog until folks get used to it and make the change. I will be migrating to WordPress this week.

The reason for it is that I am frustrated with the following things:

1) My inability to manipulate Movable Type to accept blog rolls (for outbound links) so that readers can read the same things I study, if they choose, when making market decisions each day. I feel that I have been selfish in getting nearly 500 inbound links (which is amazing given my limited exposure to blogging) and I cannot share that wealth of interest (for which I am very grateful). I have as many inbound links as many well established pay or free newsletter blogs, and I have only existed for about a year. Again, I want to be able to share that wealth with those who have supported this blog.

2) I want to add metatags effectively so that information can be sorted out in the search engines, which seems never to work in Movable Type. For that reason, no one can find this blog other than a random click on Google (I assume people are curious about something called a Buffalo Trader, and are looking for bison livestock. Yep, I have to change that).

3) I want to make this blog interactive. I will use Discus when I get the WordPress going, because I want to more fully understand what you expect from this blog. It took Movable Type 11.5 months to create an easily accessible reply application (which I used for the first time today). Though I may at some point put advertising on this thing, I want the blog to be a free exchange for traders who are unfamiliar with pattern trading and who might also want to learn about Fibonacci patterns. Free means no cost to you. I am going to host this thing myself, so I want it to cover that cost. I think if I do weekly analysis like you saw on $CTSH and $BMC, I will get advertisers. Some of my best work goes beyond the realm of the 5-15 day trade, but I can make money that way also.

Stay connected to www.davidbuffalo.com until I get the new blog running and set up. I will shoot you a final post when it happens. I hope it will happen by week's end, but in keeping with my status as social media retard, I am doing it the hard way so that I will know what it takes to set up two other blogs. There will be one for ranting, and one for a non-trading related venture. I feel better able to manage things I understand, and I do not understand the set-up of the blogosphere. I will do that in December.

That will have some short-term negative side effects. I will basically be shutting down trading operations (or at least publishing related to that trading, during this time). Do not despair (those 3 1/2 handfuls that represent the core readership and might actually think I am quitting). I am not. It will just take time for me to figure this stuff out. I quit programming HTML in 1999-2000. If I see something important, I will post regarding it.

I also owe you folks the rest of that bloggers to do list and the 3rd post on spotting lows. It is coming. I also hope that I can provide some video content as well when it makes sense. I am not a big fan of video (as unless it is point-specific, videos ramble and, in my view, waste time). Still, a good one now and then could help.

Finally, I want to thank a few folks who have helped me get published when beforehand I was a trader in South Carolina that no one knew existed or understood exactly what I did and do for income. I want to thank:

1) Fred Van Duuren and Shane Hurren for answering my e-mail about 5 years ago and giving me a publishing outlet on www.mrswing.com. There is a lot of useful stuff on that website for traders of all stripes. I hope it has been mutually beneficial. Those guys bust their butts to produce a good trading website.

2) I also want to thank The BizRadio Network (www.bizradio.com) and Vince Rowe (www.vincerowe.com) for allowing me a radio voice for a little over 4 years which should probably have ended 3 years and 364 days sooner. What was once a radio ad for www.mrswing.com turned into a tiny radio career. Though I piddled with radio in my younger days, I never knew I could keep an audience from falling asleep (at least I hope I did not and do not).when discussing swing trading and investing. I think the show is on in at least 5 major U.S. markets. I miss the interactive charts we used to have in the early days, but the conversation is still fun and I hope informative.

3) I also want to thank Howard Lindzon, Dr. Phil Pearlman, and Soren Macbeth of StockTwits.com for giving me a tiny voice in that stream and on www.diebrokeblog.com as its editor. It is a fledgling but I think pretty effective personal finance blog that will deal with real issues and hopefully will be a constant resource of personal finance information. Additional thanks go to Tamela Rich, Barrie Abelard, and Tickerville's (www.tickerville.com) Quint Tatro for doing yeoman's work. If I did not have these folks around, I would be operating the diebrokeblog submarine at 50,000 leagues with the main hatch open, and I cannot hold my breath that long.

4) And last but not least, to you, the readers of this blog. I really appreciate the readership and the comments I have received (no matter how impossible it might have been to receive them at times). You are the reason I invest the time in writing. I hope I have helped you in your journey as traders this year. For the roughly 8,000 visitors, and the roughly 35 to 50 of you who read this blog at least 3 times a week, I really appreciate your patronage. I will do all I can to constantly improve this blog. I think this is the second blog I have ever created, and it has lasted longer than even I thought it might. As long as I see people reading it, I will keep writing it. Let me know what you want to see more of or less of, and I will do my best to provide content you want and need.

For those of you looking for bison calves, you came to the wrong place. I wish you much success in your quest.

For everyone else, have a great month trading this month, and have a fantastic 2010 also.

Stock of the Day �" Johnson & Johnson (JNJ)

Price - $62.84

Strategy �" Short

RSI �" 76.06

MACD �" 0.70

insert.a.chart.JNJ 

JNJ stock is facing strong resistance at $63 levels. The stock is also trading at lower volumes at current levels. One can short the JNJ stock at current levels and book profit near $58 levels. There is strong support for the stock near $55 levels.

Some Potential Swing Trading Opportunities for today...

These stocks will be monitored by you every day!!! Follow the master plan and you will be on your way to learn to trade stocks like a PRO... enjoy...

The results are generated by my stock scanner. Only the first 5 results are displayed here for every scan.

For full results, subscribe now to StockScanPRO for 30 days FREE, then only pay $9.99 a month!.

SECRETS TO GREAT RESULTS:
CONFIDENCE - PATIENCE- FOCUS - DISCIPLINE

Long Swings

Window

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 7) and (adx(10) > 30) and (pdi(10) > mdi(10)) and (high() < sma(close,5))

Results for NASDAQ

Results for NYSE

A	NYSE	Agilent Technologies Inc.	11/30/2009
AGO	NYSE	Assured Guaranty Ltd.	11/30/2009
ATK	NYSE	Alliant Techsystems Inc.	11/30/2009
BDK	NYSE	The Black & Decker Corporation	11/30/2009
BDX	NYSE	Becton, Dickinson and Company	11/30/2009

Results for AMEX

Results for NYSEARCA

Swings

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 12) and (force_index(3) <= 0) and (force_index(13) >= 0) and (adx(10) > 30) and (high() < high()[-1]) and (high()[-1] < high()[-2]) and (close() > sma(close,10)) and (close() > sma(close,20))

Results for NASDAQ

Results for NYSE

ABC	NYSE	AmerisourceBergen Corporation	11/30/2009
CPB	NYSE	Campbell Soup Company	11/30/2009
CTL	NYSE	CenturyTel, Inc.	11/30/2009
DVA	NYSE	Davita, Inc.	11/30/2009
JNJ	NYSE	Johnson & Johnson	11/30/2009

Results for AMEX

Results for NYSEARCA

1-2-3-4

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 12) and ((adx(10) + adx(20))/2 > 30) and (pdi(10)+pdi(20) > mdi(10) + mdi(20)) and (low() < low()[-1]) and (low()[-1] < low()[-2]) and (high() < high()[-1]) and (high()[-1] < high()[-2])

Results for NASDAQ

Results for NYSE

ABC	NYSE	AmerisourceBergen Corporation	11/30/2009
ATK	NYSE	Alliant Techsystems Inc.	11/30/2009
BDK	NYSE	The Black & Decker Corporation	11/30/2009
CPB	NYSE	Campbell Soup Company	11/30/2009
DCI	NYSE	Donaldson Co Inc.	11/30/2009

Results for AMEX

Results for NYSEARCA

Cross

Scan Code From www.StockScanPRO.com:
(sma(volume,20)>=500000)and(close() > 12)and(sma(close,5)>sma(close,15))and(close() < sma(close,5))and(close() > sma(close,15))and(high() < high()[-1])and(close() > open())

Results for NASDAQ

Results for NYSE

A	NYSE	Agilent Technologies Inc.	11/30/2009
AEM	NYSE	Agnico-Eagle Mines Limited	11/30/2009
BVN	NYSE	Compaia de Minas Buenaventura SA	11/30/2009
CDE	NYSE	Coeur d'Alene Mines Corporation	11/30/2009
DV	NYSE	DeVry Inc.	11/30/2009

Results for AMEX

DDM

AMEX

ProShares Ultra Dow30

11/30/2009

Results for NYSEARCA

GDX

NYSEARCA

Market Vectors Gold Miners ETF

11/30/2009

Triangle

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 12) and (close() > sma(close,20)) and (high()[-2] > high()[-1]) and (high()[-2] > high()) and (low()[-2] < low()[-1]) and (low()[-2] < low()) and (high()[-1] > high()) and (low()[-1] < low())

Results for NASDAQ

Results for NYSE

AGCO	NYSE	Agco Corporation	11/30/2009
NI	NYSE	NiSource Inc.	11/30/2009

Results for AMEX

Results for NYSEARCA

Reverse

Scan Code From www.StockScanPRO.com:
(sma(volume,20)>=500000)and(close() > 12)and(high()[-2] > high()[-1])and(high()[-1] > high())and(low()[-2] > low()[-1])and(low()[-1] > low())and(close()[-2] <= open()[-2])and(close()[-1] <= open()[-1])and(close() >= open())and(volume() > 1.5 * sma(volume,20))

Results for NASDAQ

Results for NYSE

JEF

NYSE

Jefferies Group Inc.

11/30/2009

Results for AMEX

Results for NYSEARCA

Breakouts

Scan Code From www.StockScanPRO.com:
(sma(volume,20) > 200000)and(close() > 7)and(high() >= max(high,40))and(high()[-1] >= max(high,40)[-1])and(volume() > 1.5 * sma(volume,20))and(close() > open())and(volume()[-1] < sma(volume,20))and( (close() - low()) >= (0.75 *(high() - low())) )

Results for NASDAQ

Results for NYSE

Results for AMEX

Results for NYSEARCA

Revival

Scan Code From www.StockScanPRO.com:
(sma(volume,20)>=500000) and (close() > 12) and (close()[-1] - low()[-1] <= 0.1 *(high()[-1] - low()[-1])) and (close() - low() >= 0.95 *(high() - low())) and (close() > sma(close,15)) and (close() > sma(close,50))

Results for NASDAQ

Results for NYSE

KRC	NYSE	Kilroy Realty Corporation	11/30/2009
MTB	NYSE	M&T Bank Corporation	11/30/2009

Results for AMEX

Results for NYSEARCA

Reversals

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 200000) and (close() > 12) and (low() <= min(low,40)[-1]) and (volume() > 2*sma(volume,20)) and (close() > open())

Results for NASDAQ

Results for NYSE

Results for AMEX

Results for NYSEARCA

Short Swings

Cross

Scan Code From www.StockScanPRO.com:
(sma(volume,20)>=500000) and (close() > 12) and (sma(close,5) sma(close,5)) and (close() < sma(close,15)) and (low() > low()[-1]) and (close() < open())

Results for NASDAQ

Results for NYSE

AEO	NYSE	American Eagle Outfitters, Inc.	11/30/2009
ARO	NYSE	Aeropostale, Inc.	11/30/2009
EXG	NYSE	Eaton Vance Tax-Managed Global Diversified Equity Income Fund	11/30/2009
HK	NYSE	Petrohawk Energy Corporation	11/30/2009
HMC	NYSE	Honda Motor Co., Ltd.	11/30/2009

Results for AMEX

DOG	AMEX	ProShares Short Dow30	11/30/2009
DXD	AMEX	ProShares UltraShort Dow30	11/30/2009

Results for NYSEARCA

UUP	NYSEARCA	PowerShares DB US Dollar Index Bullish Fund	11/27/2009
VXX	NYSEARCA	iPath S&P 500 VIX Short-Term FuturesTM ETN	11/27/2009

1-2-3-4

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 12) and ((adx(10) + adx(20))/2 > 30) and (pdi(10) + pdi(20) < mdi(10) + mdi(20)) and (low() > low()[-1]) and (low()[-1] > low()[-2]) and (high() > high()[-1]) and (high()[-1] > high()[-2])

Results for NASDAQ

Results for NYSE

Results for AMEX

Results for NYSEARCA

Swings

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 12) and (force_index(3) >= 0) and (force_index(13) <= 0) and (adx(10) > 30) and (low() > low()[-1]) and (low()[-1] > low()[-2]) and (close() < sma(close,10)) and (close() < sma(close,20))

Results for NASDAQ

Results for NYSE

ARO	NYSE	Aeropostale, Inc.	11/30/2009
NRG	NYSE	NRG Energy, Inc.	11/30/2009

Results for AMEX

Results for NYSEARCA

Window

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 7) and (adx(10) > 30) and (pdi(10) < mdi(10)) and (low() > sma(close,5))

Results for NASDAQ

Results for NYSE

Results for AMEX

Results for NYSEARCA

Revival

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 12) and (close()[-1] - low()[-1] >= 0.9 *(high()[-1] - low()[-1])) and (close() - low() <= 0.1*(high()-low())) and (close() < sma(close,15)) and (close() < sma(close,50))

Results for NASDAQ

Results for NYSE

Results for AMEX

Results for NYSEARCA

Reverse

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 12) and (high()[-2] < high()[-1]) and (high()[-1] < high()) and (low()[-2] < low()[-1]) and (low()[-1] < low()) and (close()[-2] >= open()[-2]) and (close()[-1] >= open()[-1]) and (close() <= open()) and (volume() > 1.5*sma(volume,20))

Results for NASDAQ

Results for NYSE

Results for AMEX

Results for NYSEARCA

Triangle

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 500000) and (close() > 12) and (close() < sma(close,20)) and (high()[-2] > high()[-1]) and (high()[-2] > high()) and (low()[-2] < low()[-1]) and (low()[-2] < low()) and (high()[-1] > high()) and (low()[-1] < low())

Results for NASDAQ

Results for NYSE

Results for AMEX

Results for NYSEARCA

Breakdowns

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 200000) and (close() > 7) and (low() <= min(low,40)) and (low()[-1] <= min(low,40)[-1]) and (volume() > 2*sma(volume,20)) and (close() < open()) and (volume()[-1] < sma(volume,20)) and (close()-low() <= 0.25*(high()-low()))

Results for NASDAQ

Results for NYSE

AIG	NYSE	American International Group Inc	11/30/2009
MFE	NYSE	McAfee, Inc.	11/30/2009

Results for AMEX

Results for NYSEARCA

Reversals

Scan Code From www.StockScanPRO.com:
(sma(volume,20) >= 200000) and (close() > 12) and (high() >= max(high,40)[-1]) and (volume() > 2*sma(volume,20)) and (close() < open())

Results for NASDAQ

Results for NYSE

CIG

NYSE

Companhia Energtica de Minas Gerais - CEMIG

11/30/2009

Results for AMEX

Results for NYSEARCA