Chart Pattern Recognition ans Strategies

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GOLD stocks for Monday
2007-02-26 11:34:00
To start with, 2 stocks mentioned here last week.ASMRNOAnd 4 new candidates for this week.BWRGOCMGSSSPMScan for this week later today.
More About: Stocks , Gold , Stock , Monday , Onda

Thursday's breakout
2007-02-23 10:44:00
Four charts from yesterday's update made interesting moves.ADIBLCMTXTEAM
More About: Break , Thursday , Brea

GOLD picks
2007-02-23 09:28:00
It's not too late to join the gold bandwagon if you missed it, here a few suggestions for stocks which are about to or have just broken out.My 2 favorite picks are GOLD and KGC. If you have a profile prone to more risks, I recommend you look at Avino Silver (ASM), New Gold (NGD) or Northgate Exploration (NGX).ASMGBUGOLDGFIGOROGRSKGC
More About: Pick

21-02-2007 scan
2007-02-22 14:38:00
In our tentative to improve the software, we have introduced a small bug with consequence that the scan rejected valid patterns. I have still decided to post the result as I find there are very good breakout candidates.Many of the charts suggested in last scan have nicely broken to the upside.As one can see, the focus is on ascending triangles. It is working fine but there is still a lot of work before the results can be used for automatic trading. We are focusing on minimizing human intervention before turning to other patterns.ACCLADIARJARMBLCCHUXDFCDMFEDELNK FCBPGCFBHOCHRTIBMKYPHMIVAMTXNOVMPGNXQDRES PRNOTEAMTXTVRSNWREWRNCYRCWZILG
More About: Scan

some more breakouts
2007-02-15 10:12:00
A few more stocks from our last week scan have broken to the upside. I plan not to follow-up on the breakouts as I give no buy/sell recommendation for the moment. I hope the tool will be able to do that for me later. In the meantime, I'll operate twofold:1. I post the picks as detected by our tool2. I update when the stock breaks up or down (and when I'm given the time)If, when you buy and when you sell is entirely up to you.Precious metals are hot, you may want to look at Rangold (GOLD) and Golden Star (GSS). I'm already in.CCCCRUSGRSPAYXYHOO
More About: Break , More , Brea , Some

previous scan update
2007-02-14 10:21:00
We have not had enough time this week to run a fresh scan, therefore we'll update the charts from last post whose stock moved significantly. The rest is pretty much unchanged. After the patterns are invalidated, I won't mention about them anymore. Later, we will post statistics on success/failure rate of the patterns detected and calculate expectancy for each year backtested. We are still a few weeks down that road.AMGNCCCGOROPEPSHLDTEVA
More About: Update , Scan

GOLD
2007-02-12 12:06:00
Not the result our scan program, just a few precious metal stocks which I monitor manually and caught my attention this morning. I have been a gold bull since October, best looking patterns are here for the moment, popping out one after another. In silver, I like HL and SLW. In gold, I like CLG, KGC, MFN, AEM, GOLDXAU - for those who do not yet believe we are potentially on the eve of a very, very significant breakout. XAU is a basket of gold stocks commonly used to measure the gold sector.GFI - a descending triangle for once, not my favorite chart but good risk/reward at this price.GOLD - One of the best chart out there, after breakoutGORO - only for those who have a little money to allocate to a highly speculative play.MFN - getting overstretched but can't miss out on that pattern. Textbook breakout.
More About: Gold

08-02-2007 scans
2007-02-11 18:27:00
We have added NYSE, NASDAQ and AMEX stocks to the database, that should make about 8,000 of them now but I have not counted. Below is a subset of the list generated by our pattern detection tools. It attempts to detect ascending triangles but simple breakout of minimum 6 months range will also be accepted. Note that I have no idea whether the stocks below will go up or down, the comments I have made are based on my modest experience and what I see as weight of evidences. It is recommended to wait for the breakout out of low volatility and expansion of volume.I have been struck this week to see how few good patterns are in the market right now, actually I see an increasing number of stocks which have already broken down rather long support and significant support. This is quite bearish for the market in general.ADBLADI ALTRAMGNCBE CCC CRUSFDRY ...
More About: Scan

07-02-2007 scans
2007-02-08 13:25:00
Below, yesterday's scans of interest. We will extend the scan to 5000 stocks from 500 only currently. Breakout patterns are working satisfactory, we are now focusing on improving the recognition of "buy on support" candidates.ALTRAMGNPAYXSHLBTEVAYHOO
More About: Scan

First run
2007-02-04 17:18:00
We ran the program for the first time after new modifications this weekend. It is behaving as expected with the advantage that a simple design allows to understand very well what is going on. At this point of time we are detecting way too many short term patterns which was purposely made so. Now the work in the coming days will focus on filtering out detection of lesser importance.The pattern sought is the ascending triangle, most of the time it is a continuation pattern but I like it most as a reversal at the end of a downtrend.Amongst the many alerts, 2 charts got my attention: PEP and WMPEP does not qualify as an ascending triangle, yet the chart is interesting. It is forming a congestion zone right below resistance, a sign of potential breakout. Caution is advised as the ADX is above 30. Look for more volume and prefer buying on a retracement after breakout.WM is a much better chart and this time the program was spot on. Volatility is low and increasing, MACD made a new momentum...
More About: First

Recognition method
2007-02-01 06:25:00
We are now pretty clear about how we want to recognise patterns. After trying a number of elaborated mathematical methods, we came to the conclusion that adding complexity certainly does not improve the detection capability of the engine, at least for the time being.We have been able to achieve the same level of detection with a rather visual approach. The first concept we want to try is based on what a human would do confronted to a chart, how it would recognise pivot points and draw trendlines.That is nothing like rocket science but I'm not convinced that neural network or fractals would give better results. Indeed, I tend to think now that the mathematical complexity hides too much of the physical and natural significance of what is being modeled.One month since we started and we have made reasonable progress. A first instance of the program was able to detect very good bottoming triangle patterns which is the first we decided to work on, reason being that they have proven to be...
More About: Recognition , Method