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Sunday, August 30, 2009

Leave The Stock Chart Behind - Top Secret Trading Algorithm Revealed

By Jolene Evans

I don't just use stock charts for my analysis. I'm going to spill those proverbial beans and show you how I find the incredible stocks for a very popular stock blog.

This is a secret formula that is much more effective than just reading a stock chart.

I'm part of an exclusive stock club that gave me this algorithm. Make no mistake, this algorithm is very powerful and can produce annual returns in excess of 1,000%!

This crazy simple formula can make any computer seem to actually be able to read a stock chart and predict future price action better than a human. Many years ago, software used statistics and models for processing. This secret algorithm goes way beyond that. It's like having 100 stock analysts and day traders inside your computer giving you recommendations!

I know a millionaire trader who swears by this formula and now I'm going to give you his formula for free.

So you are probably wondering why I'm giving this away free. Well, I'm hoping you will make a lot of money from this formula and become a subscriber to my blog. That's fair.

We need to examine the trend. Get the 10 day MA, the 20 day MA, and the 50 day MA. The formula is: 10 day MA greater than 20 day MA greater than 50 day MA. So the 10 day MA should be above the 20 day MA. The 20 day MA should be above the 50 day MA. If this criteria is met, move on to the next step. If not, toss out the stock and start over.

The next component in this formula is to determine if on the previous day, in the last hour of trading, the stock closed above the 5 hour MA. If it has, move on to the next component in this killer formula. If not, reject the stock and start all over again until you find a stock that does.

In this step we must look at the stock's 3 day high. If it is at a 3 day high, you can keep reading the next step below. If not, you need to ditch the stock and start over again with another stock.

The next component in this formula is if the last price of the stock is above the 20 day MA. If it is, move on, if not, reject and start over.

In this step, we need to look at the previous week of trading and then 2 weeks before that. If the stock hit a 3 week high in the last week of trading, that is excellent, keep reading. If not, say goodbye to the stock and start over again with another stock.

The final component in this formula is if the stock has hit a 3 month high in the last month (the previous full month of trading). - 23211

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