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Big Volume Now scan

The first stock to come up was FE on the Big Volume Now scan. Its current price is $32.89. It has lost 9 or 0.2% for the day. The fourth column shows one grey bar and one red bar. Every column has a grey bar, this is the relative price or relative volume against which the comparisons are made. So, if you run a

scan and find only a grey bar, there has been no change. Anyway, there is one red bar which indicates a little bit of price movement to the down- side. In the next column there are five green bars indicating a maxi- mum increase in relative volume; in fact, there has been a relative volume increase of 778% during this twenty-minute time frame. One quick glance and I new that I was at the beginning of a very powerful short rally. I did not want a short, so I moved to the next line.

This was what I was looking for, a long. I will interpret the columns for you: BEAS was at $11.70 and up 58 for the day. It was now mid to late morning and I wanted another trade before lunch. Not really a good time to enter a long, unless it had strong signals. BEAS had 3 green bars under % of price change for the scan period and was apparently ramping up. Other columns revealed that although volume was down a little for the day, it was very heavy during the period of the scan which was twenty minutes. I clicked BEAS into Wizetrade and viola (that`s twice I used that word), a rally was getting underway. I got in for about a twenty-five minute trade which produced about 80 and went to lunch. With this kind of relative volume, it`s never like watching paint dry.

Let me mention one other trade. On the second day, I looked for a long. I found a stock but failed to notice that it was down -$3.86 for the day. I loaded it into Wizetrade only to discover that it had been a short since the open where it gapped and ran down for hours. It was 12:30 EST and was rallying to the upside. What did I find? Right, a dead-cat bounce. This particular trade was good for more than a point. I bet you know what came next ”right ”a short. This was the setup for the next short as the stock returned to its overall trend. Since that time I look for these signals and have been able to find reversals, or dead-cat bounces throughout the trading day: no muss, no fuss.

There are far too many features to cover in this e-book without becoming a tutorial for HotScans. If you would like to take a look at this revolutionary product, go tow m a r k e t g a u g e . c o m and look for the HotScans link.