Here's the stockfetcher.com code that I'm using for the bounce plays, originally created by stockmonster. At the core is the two consecutive days of big drop in price which sets up for a bounce. The validity of this pattern had been well documented by such respected sites as http://tradingmarkets.com/

The reverse for going short works equally well, just flip the appropriate lines of code around the other direction.

Two year back test periods going back five years produced 63% win percentage, 689% ROI, using no stops , one day holding period, buy at open and sell at close. Some may argue what may have worked great in the past doesn't mean it's going to contine to work in the future. There is no guarantee that anything is going to work tomorrow as well as it did yesterday. We can only answer definitively the question of whether it worked today and I'm documenting that on this blog.

Here's the goods:

show stocks where count(RSI(2) 2 day ago above 90,60) is above 0
and RSI(2) is below 20
and average volume(10) above 250000
and close one day ago more than 8% below close 2 day ago
and close more than 4% below close 1 day ago
and close above 0.99
and 60 day slope of close is above 0
and market is not otcbb