txtrapper
548 posts
msg #31826
- Ignore txtrapper |
4/21/2004 7:46:37 PM
Members;
Gauging breakout volume at anytime during the trading day
Once a stock is coming close to or enters its buy point range, you need to know if its volume is at the 50% breakout level. A quick way to do that is to use the stock's Breakout Hourly Volume.
How do I get the Breakout Hourly Volume?
Simple...Take the stock's Average Daily Volume and multiply by 1.5 and then divide by 6.5. That's it!
(Why 1.5 and 6.5? Multiplying by 1.5 gets you its 50% breakout volume level and 6.5 is the number of hours in the trading day)
How do I use it?
1st ---> Let's say a stock's breakout hourly volume is 50,000. If a stock entered
its buy point range at...
10:30am = 1 hour into the trading day = 1 x 50,000 = 50,000
or
11:30am = 2 hours into the trading day = 2 x 50,000 = 100,000
or
12:30am = 3 hours into the trading day= 3 x 50,000 = 150,000
etc
2nd ---> Take the number you calculated and look at the stock's volume at that moment, if it
is that number or higher then you know that it is at the 50% breakout volume level.
TxTrapper
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dangreene
229 posts
msg #31833
- Ignore dangreene |
4/22/2004 7:36:26 AM
Anyone interested in breakout hourly volume should check this out.
http://www.greatstockpicks.net/pastperf.htm
dan greene
|
travlr
80 posts
msg #31835
- Ignore travlr |
4/22/2004 9:06:43 AM
Trapper.
Are you a proclaimed guru now? ... You seem to be geting a little wierded out.
No offense intended, just mentioning my observations.
travlr
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txtrapper
548 posts
msg #31875
- Ignore txtrapper |
4/26/2004 9:36:05 AM
Stocks to Watch today...Monday, Apr 26, 2004
APRS
LRT
PRAN
MDSI
TxTrapper
|
txtrapper
548 posts
msg #31877
- Ignore txtrapper |
4/26/2004 11:43:04 AM
dangreene;
Mika's Squeeze Filter was posted on my forum;
http://finance.groups.yahoo.com/group/bottomlinestocks/
Msg: #365
TxTrapper
|
dangreene
229 posts
msg #31880
- Ignore dangreene |
4/26/2004 1:00:59 PM
txtrapper,
That's what I thought.
It seems very similar to a scan on the "Bollinger Squeeze" thread that was started by 'yepher' on 4/11/2004.
So then, mika, who is a member of your yahoo club comes over here and finds a scan, then posts it at your "by invitation only" yahoo club, but HE doesn't post it here for some reason even though he does contribute here occasionally.
Whereas you decide to bring it back here to help us out. COOL.
Yeah, yeah, I know. It's different. Price range, volume, blah, blah.
dan greene
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MODERATOR
28 posts
msg #31882
- Ignore MODERATOR |
4/26/2004 2:29:18 PM
This message has been removed by StockFetcher.
|
txtrapper
548 posts
msg #31884
- Ignore txtrapper |
4/26/2004 2:54:43 PM
dangreene;
Mika takes no credit for the filter, but we certainly do appreciate him sharing his findings.
From: "mika." <mika_mk2001@xxxxxxxx.com>
Date: Mon Apr 19, 2004 6:39 pm
NP. It's a little variation from the one posted on the SF forum. Nothing original on my part.
I still need to tweak/play with it myself.
set{top,upper bollinger(20)}
set{bottom, lower bollinger(20)}
set{squeeze, top - bottom / ma(20)}
AND squeeze is below .14
AND low is between 0.7 and 14.7
AND average volume(50) is above 110,000
AND exchange is Nasdaq
TxTrapper
|
txtrapper
548 posts
msg #31885
- Ignore txtrapper |
4/26/2004 3:16:04 PM
Posted earlier today;
txtrapper 4/26/2004 9:36:05 AM
Stocks to Watch today...Monday, Apr 26, 2004
APRS
LRT
PRAN
MDSI
---------------------------------
Update;
APRS...Opened @ $5.07 high for the day $5.25 +0.18
MDSI...Opened @ $6.96 high for the day $7.24 +0.28
TxTrapper
|
txtrapper
548 posts
msg #31938
- Ignore txtrapper |
4/30/2004 8:20:52 AM
Stocks to Watch today; Friday, Apr 30, 2004
CMPX
NYMX
RMKR
BSMD
CPHD
http://finance.groups.yahoo.com/group/bottomlinestocks/
TxTrapper
|