Trending123.com is a Technical Analysis website but we still, however, consider other types of information. Many investors research the intrinsic value of the company by studying the balance sheet and gauging consumer interest in the company's products. That kind of fundamental research can help you find a good company in which to invest.
Technical analysis will help you gain insight into the price behavior for that company's stock. That distinction is important because the stock price is not only determined by the intrinsic value of the company, it is highly subject to the hopes and fears and guesses of the buyers and sellers.
We have introduced a new default sort order to all of our pattern scan search results. This sort order effectively floats "good companies" to the top of the bullish searches, and "worse companies" to the top of the bearish lists - all based on a proprietary evaluation of the company's "fundamentals". We have simply named this the "Sort Order" and have not disclosed the method of evaluation. Rather it is simply used as a proprietary sort order and users can change to another sort order if they desire (such as sorting highest volume stocks first). Note that in this sort order, we still present the most recent events first. However when events fall on the same day, we use this new evaluation to float better companies to the top.
The idea behind this enhancement is to make sure we are not pulling up obviously "dog" stocks to the top of our bullish lists. We see it as generally a "nice thing to do" for our users.
If you haven't havre a chance to view what our pattern scan does you might visit this link and watch some of our great educational videos!
JL...Just completed watching all the tutorials on the site. This place is more awesome than I imagined. Pattern scans are tremendous. Thought my time was too valuable to watch all the tutorials. Was I ever wrong. Saturday morning time more than well spent.
AWESOME, AWESOME, AWESOME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Cobra 11/18/07
Thanks for the update on the Stock Scanner!
I've been using the Scanner, but not to the extent I could be.
Thanks for the refresher course which will help me put it to use further.
Rose
I agree! I had no idea how powerful the scanner could be. This will be an incredible tool for me, not only to use for trading but for education, too!
CMG
I originally discovered T123 via a web search for "Stock Pattern Software".
JL and all the other trading tools on this site are all bonuses! Thanks John!!
Andy
I too have used the scanner for education & some trade set-ups.
The refresher update was great.
Gerald
