Scans - Aug 1 2007

Here is the scans spreadsheet for Aug 1, 2007.

I'm still working on the Stockbee scans, a few are done but all are not finished yet. I may include some component of his "market monitor". The market monitor is used to determine if it is appropriate to enter long or short or stay in cash.

In addition, I am starting to code the back testing for all these scans. My goal is to use the market monitor with the scans to find the best combination for the market at any given time. This will hopefully keep me in long trades for bull market, short trades for bear markets. What about sideways markets? I just finished reading about pivot points and it looks like a good method for sideways markets. Weekly pivots seems like a sound approach but testing should give me more insight. Once done some testing, I'll post the results.

More to come later...