Brrim,

Thanks for your response

You can find the original posting on the Alphascanner blog here:

http://blog.alphascanner.com/?p=306

Additionally, you can replicate the scans or create new ones by using the scanner tool. I should probably do more scans, but have tracked the ones I use in my notes with greater regularity. I find them instructive for providing context, not necessarily an implicit buy or sell. For example, you might have strong weekly and daily mark-up stocks near the end of a long-term uptrend, which may be quite risky due to an extended condition; consequently, external variables like market conditions or analysis such as Mike Scott provides might complement one's decision making process.

The other benefit is found in monitoring the evolution of conditions. For example, securities in long-term Stage 4 down trends may still provide opportunities using the EV methodology as a market reversal can cause the issues to sharply rally. Alternatively, Stage 1 stocks may provide fodder for stocks that have entered "value" territory after long-term washout sort of trends.

Best,

Eric