Bottom-Fisher 10/19

T

TonyOz

The methodology behing this setup can be found here http://www.tonyoz.com/bottom.htm

Is the first up day following three (or more) consecutive down day a good reson to buy a stock? Sometime!

In the following posts you will see different Bottom-Fisher setups, and I will tell you why I like or dislike some of them.

The first one is ESRX. I like this setup because the stock rallies after three BIG down days and after penetrating the lower Bollinger Band.

Unfortunately, I can't put all these setups in one post, so it will take me a while (and many posts to complete this).
 

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This setup is awsome. The stock broke out to the upside on 10/15 and penetrated the top Bollonger band.

Then, the following three days it traded sharply lower and actually hit the Bottom Band. Normally, you can expect a bounce on the first up day.
 

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AEOS was a big winner and showed up on the scan, but I wouldn't have traded it. Why? Because the pullback was not good enough for me.
 

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This is another big winner, but I will not have traded it, because it does not have enough history! I want to see at least 60 bars on the chart.
 

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Great of you to take the time to help us. This one only gapped up slightly at the open. How big a gap will you tolerate at the open to enter immediately? How do you handle those that show bigger gaps.

Thanks
 
This one I like. The reason is that it bounced at the 20DMA. And you can see that the pullbacks have been small since it made the low in September.
 

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This one I would have passed on. It looks good, some of you may say. A bounce at the 20 and 50, why pass? Because, there were better setups today. If this was the only one, then maybe I would have entered it.
 

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