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| WHAT ARE THE 7 BELLS? |
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| 7-Bells displays the results of 7 proprietary scans of a market database consisting of over 5,000 stocks. Each scan locates individual stocks with chart pattern characteristics that favor the development of a specific trading opportunity. |
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| HOW DO I USE THE INFORMATION? |
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| The tour through the 7-Bells presents a wealth of ideas on specific trading strategies that will capitalize on the chart pattern, if and when the trading opportunity appears. Familiarize yourself with some or all of the strategies being discussed. Then perform your own analysis utilizing the linked charts, or your own software. Some chart patterns may take a number of bars to develop into a profitable trading opportunity. Put your screened candidates into a hot list, watch them closely and wait for the trade to set up. If you decide to execute, always cut your losses with the exercise of disciplined risk management (loss limitation) techniques. |
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| ARE THE 7 BELLS STOCK PICKS? |
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| No, they are stock scans. Lazy traders who just take these results and buy (or sell) stocks without doing their homework will lose money. Bell candidates have chart pattern characteristics associated with specific predictable and profitable outcomes. But there is no guarantee any stock candidate will act according to the expectations of the opportunity being described. And when it does, there is no guarantee your trading skills and interface will get you the right entry and exit fills to make a profit. |
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| HOW OFTEN ARE THEY UPDATED? |
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| 7-Bells results are posted Sunday through Thursday, between 5pm and 8pm ET. This output can be utilized for the following market day. |
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| WHAT'S BEING DISPLAYED FOR EACH TICKER? |
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| Each listing displays closing price for that day, net price change and associated cumulative volume. |
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| HOW BIG IS THE STOCK UNIVERSE? |
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| The market database consists of over 5,000 stocks. These represent the top 60% NYSE, Amex and NASDAQ volume listings as computed with a 90 day moving average of volume. |
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| WHAT ABOUT EXTENDED TRADING HOURS? |
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| Bells scans are based on a snapshot of the market at or near the traditional closing time of 4pm Eastern time USA. As liquidity develops in the aftermarkets, this snapshot will likely be moved to a later hour. |
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| DOES IT INCLUDE LOW-PRICED OR THIN VOLUME ISSUES? |
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| No. Only stocks closing over $5.00 and having a 50 day moving average of volume in excess of 100,000 shares are included. |
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| WHY DO SOME BELLS HAVE LESS STOCKS THAN THE OTHERS? |
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| Each Bell lists up to 3 candidates for each market day. There is no guarantee 3 appropriate candidates will develop on a daily basis. For example, during sharp corrections, results requiring new highs may dry up completely. |
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