Hi Hitesh,
Another couple of generic questions.
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I read in a book that Consolidation/Breakout and other technicals only work during a roaring bull market & most setups will fail in a Bear Market & one should use a Bear Markets to identify potential leaders that could lead when the tides turn.
If you agree, I Just wanted to understand what is your way of thinking during this prolonged period of dullness. Do you still scan charts, if so instead of looking for breakouts/patterns do you now focus on potential leaders when the tide turns i.e., the strength of certain stocks as against the indexes, sound bases, etc? -
Aside, you mentioned before that you go through 100s stock charts to identify winners, just wanted to know if there is a scan or filter you put to weed out a few 100s out of the thousands. Is this filter purely technical (e.g. RSI) or do you start with some fundamental filters e.g. Quater on quarter EPs growth?
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