I tracked 10 stocks on Friday that my 2 Days Down method output and of those - 5 sank and 5 either showed a profit from jump street or turned in mid-day and began clawing back to the surface for day trades.
The 10 stocks were CSCO, CWTR, SID, NWS, PGR, TMX, TELK, UTIW, WDC, and XMSR. The three that turned green were SID, PGR, and TELK and the two others that were reversing were XMSR and UTIW.
Given that low-volume sell-off on Friday to have these kinds of results on a little chip shot of a filter is amazing.
Simple enough – 2 days up skipping a day in between and then 2 days down with no skip. It included a little price constraint and a little volume constraint.
This is what SID looked like – No blow-off bottom – just an understated dummy spot at 11:30 and then up from there
My filtering software comes from stockfetcher.com and my charts are from prophet.net. As always I get nothing from either of these companies but I do like their products and think you should give them a look.