The scan can do Indexes and it selected 8 Indexes. The Dow Composite $DJA plus the Dow Industrials $INDU. Plus specialty Finance, a couple of Insureance Indexes, a computer Services Index and Business training Index. Hard to figure with the Indexes as they dont trade themselves. Also of the 12 stks from Thursday's close with 1mil vol and over $20, nine of them didn't show up on Friday's close scan meaning they were triggered for a sell Friday by having a lower low. Those were AAPL, FRC, INFA, IVZ, KLAC, LOW, LULU, MXIM, WMT. Three of Thursday's picks with higher highs and higher lows for 7 days in a row showed up on Friday's scan meaning they had a day 8. Those were BC, NTRS, VIG.

New selections on Friday's scan for 7 days in a row of higher highs and higher lows were these 14 picks: ABT, AON, BK, CIT, COV, DIA, EWBC, GNTX, IBM, ITW, MCO.

Only two Canadian stks were picked: BMO.TO, BNS.TO.

I suspect with normally none showing up most of the time and now being bombarded with them this acts like an indicator of the broad market being overbought when a large selection occur like the last couple of days. With the reaction a percentange of the time reversing sharply when this pattern is broken, it does suggest an overbought situation that needs correcting. With so many showing up recently it does reflect the overbought condition of the market it would seem. I suspect as soon as the market backs off even a little there will be very few of these having these 7 days of higher highs and higher lows in a row. They will all disapear on the scan once there is just one lower low day on any of them. And those are the triggered ones that end the pattern.