Thursday I thought the price relative scan looked weird. 3 runs produced the same results, so I dug deeper into the spreadsheet and did find an error. That has been corrected: last week's 200day breakouts were probably wrong, but it should not have effected the other breakouts. We will be seeing the number of breakouts declining as time passes since the price relative line not only has to be at a new high for the time frame it is being scanned, but also an all time high ("all time" being since last August 12, when the project was started). That means we will see a lot fewer "breakouts" in stocks coming off their 52 week lows. Here is the scan for Friday: 3 200 day breakouts (Finviz screen here), 1 100 day breakout (here), 1 50 day breakouts (here), and 4 20 day breakouts (here).
