Another idea is to find stocks which hit a new low (or its first 52-week low). It's strange but stocks which hit low will keep hitting lows until it hits too many lows and break through at least 2 major resistance levels.
OK. Now I would like to know more again. Does anyone know if there're other momentum gurus or methods which are worthing studying? Thank you!
Here's another thread. Spydertrader's Jack Hershey Equities Journal II http://www.elitetrader.com/vb/showthread.php?threadid=56555