A new scanner that is coded to scan for weakness two days earlier and get you to watch out for the next two days price action. When "lack of demand" or other expert indicators such as go short, supply coming in or
top reversal, this may be a golden opportunity to go short sell with high probability setup.
Below is the stock that is picked up by the scanner on 15/3/11 closing price.
Above is the weekly chart, looking where the new expert indicator appeared "Look for No Demand for Shorting", we need to wait for the next two weeks trading session to reveal possible weakness.
Indeed, after the expert indicator triggered a week earlier, subsequent week triggered "Lack of demand",
This week as long as price is closing below the 50% level of the previous bar "Lack of demand",
short sell is recommended.
