Sunday, January 11, 2009

Fall Forest Fall


Don't worry treehuggers, I'm not advocating deforestation. Fall Forest Fall is yet another play on the Run Forest Run scan. I was looking at the scan trying to figure out how it worked, and I'm happy to say I did. I realized though, the RFR scan only finds the stocks that have run UP in recent history. This scan searches for the ones that have run DOWN the most times. I also added a line to eliminate stocks that have run 10-19% less than 10 times.

Why is this important? I don't just want stats, I want ALL THE STATS I CAN GET. Everything I know is an extra edge against all the other players in the market. The RFR scan is brilliant, but it only tells half the story. Fall Forest Fall fills that gap. If you are a short seller, this is an essential for your toolbox.


/*Fall, Forest, Fall*/

close is between 1 and 15
average volume(90) above 50000

set{volcnt, count(volume above 50000, 100) }
set{volzero, count(volume equal 0, 100) }

set{x1, open - low}
set{Short_Profit, x1/open }

set{C1A, count(Short_Profit > .04 , 100)}
set{C2A, count(Short_Profit > .09, 100)}
set{C0010, C1A - C2A}

set{D1A, count(Short_Profit > .09 , 100)}
set{D2A, count(Short_Profit > .19, 100)}
set{D1020, D1A - D2A}

set{E1A, count(Short_Profit > .19 , 100)}
set{E2A, count(Short_Profit > .29, 100)}
set{E2030, E1A - E2A}

set{F1A, count(Short_Profit > .29 , 100)}
set{F2A, count(Short_Profit > .39, 100)}
set{F3040, F1A - F2A}

set{G1A, count(Short_Profit > .39 , 100)}
set{G2A, count(Short_Profit > .49, 100)}
set{G4050, G1A - G2A}

set{H1A, count(Short_Profit > .49 , 100)}
set{H2A, count(Short_Profit > .99, 100)}
set{H50100, H1A - H2A}

set{I100, count(Short_Profit > .99 , 100)}

and D1020 > 9
and add column Short_Profit {ProfitPct}

and add column C0010 {4_9}
and add column D1020 {10_19}
and add column E2030 {20_29}
and add column F3040 {30_39}
and add column G4050 {40_49}
and add column H50100 {50_99}
and add column I100 {100}

and add column volcnt
and add column volzero
add column average day range(30)
sort column 7 descending


Top 20 Fall Forest Fall stocks with volume over 100k, by ADR30:
GGP, FACT, MPG, GVHR, SRZ, NFP, FED, CPY, CHRS, NG, FIG, GFG, BEE, HSNI, MNI, EVC, FCG, ICOG, RAMS, LEA
of note, FMD and PMI have both run down 10-19% a whopping 39 times in the past 100 days! In the case of PMI, 49% of the time you would have got a 10% or more gain if you just shorted on red!

Later this week I'll post the combo RFR+FFF scan, that searches for total number of runs up OR down. Feel free to leave any questions or comments and I'll get back to you.

5 comments:

Anonymous said...

Awesome work ....I love this blog.

Adding to my blog roll.
And I agree...TRO's RFR is a masterpiece

mp said...

I like that ADR 10 inc over ADR 30. What is just that code for just that without the Run forest and other ones in it. thanks

Chas said...

Hi Mark, if you wanted to find just adr10 higher than adr30, you can use:

"show stocks where average day range(10) is greater than average day range(30)"

mp said...

that's great. thanks! easy code :)~

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