In this weeks newsletter we will be featuring
a charting pattern for screening. Specifically
stocks where the open and close both rise
or fall over one or more days.
Overview
The Jefferson
is a charting/screening pattern where the
closes and the opens move in the same direction.
What make this
indicator extremely powerful is it's ability
to mark multiple day signals as we will
see below. The image above shows the base
Jefferson signal.
Signals:
The Jefferson
offers two sets of signals. The base signal
is when the open and close move either up
(buy) or down (sell). The "age"
of the signal is equal to that number of
days (one,two, three or more) in a row where
the open and close move in the same direction.
For example if
a trader would like all the charts on the
NYSE where the close and open moved up for
2 consecutive days they would screen for
a 2 day old Jefferson.
The Jefferson
was named after it's ability to find stocks
that "are movin on up".
Example Screen:
Sample
results
The
results are sorted by the number of consecutive
days where the open and close moved up.
(click
for a larger image)
Sample Charts
In the following
charts we have taken a 2,3,4 and 5 day Jefferson
signal from the above results.
If you would
like to run your own screen the Jefferson
can be found on the free screener on our
home page.
Have a look through
our index lists and we are sure you will
find something new for your trading strategies.
- Dow
Jones - NYSE
- AMEX
- NASDAQ
- TSE/TSX
-
Need more education?
Check out the main
education page.
If you missed
something or need clarification let us know!
We like to hear from you at info@chartfilter.com
