From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1110 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Saturday, February 3 2001 Volume 02 : Number 1110 In this issue: [CANSLIM] Re: ACLNF is above both its 200-day EMA and SMA moving averages [CANSLIM] (ot) Investing/trading books site ... [CANSLIM] Accessing the discussion canslim archives... [CANSLIM] Fwd: Web site updated Re: [CANSLIM] Eliminate the digest.. Re: [CANSLIM] Eliminate the digest.. [CANSLIM] Digest elimination: Feb 10 Re: [CANSLIM] Fwd: Web site updated ---------------------------------------------------------------------- Date: Fri, 2 Feb 2001 18:43:30 -0800 From: "Ian" Subject: [CANSLIM] Re: ACLNF is above both its 200-day EMA and SMA moving averages If you are using a charting service that fails to account for ACLNF's 5:4 split in the fall, you will get an incorrect 200-day moving average. BigCharts has the correct data: http://www.bigcharts.com/intchart/frames/main.asp?time=8&freq=1&compidx=aaaa a%3A0&comp=NO_SYMBOL_CHOSEN&ma=6&maval=20%2C50%2C200&uf=0&lf=268435456&lf2=0 &lf3=0&type=2&style=320&size=3&sid=0&o_symb=aclnf&startdate=&enddate=&show=& symb=aclnf&draw.x=41&draw.y=8 Yesterday, ACLNF broke out of a very tight 2 month sideways basing pattern. The pivot point was $24 1/8 and it went through it with some strength, on almost 3X daily average (83,000 shares, where the 3-month average is 30,000). In my experience, tight sideways basing patterns are one of the strongest, particularly when the 200, 50, and 20 day moving averages are all bunched in there. In Cahpter 10 of '24 Essential Lessons for Investment Success', WON talks about them. Cheers, Ian Date: Thu, 1 Feb 2001 15:23:21 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] aclnf and KDE JACO NUHC are below 200 day average. Kent - - ------------------------------ Date: Fri, 2 Feb 2001 18:54:48 -0800 From: "Ian" Subject: [CANSLIM] (ot) Investing/trading books site ... Hi all: I don't mean to SPAM, but I found this site: http://www.traderslibrary.com/mk0202.html , that has some excellent prices on investing books, and currently is giving away several possibly interesting titles with orders over $30. Several people recommend 'The Master Swing Trader' to me, which is how I stumbled upon the site. Cheers, Ian - - ------------------------------ Date: Sat, 3 Feb 2001 08:00:02 -0700 From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... From time to time, CANSLIM members may wish to browse the discussion archives. This posting provides instructions on how to access the archives. Thanks to David Cameron for compiling the essentials of this message. Here are the two ways to access the archives: 1. The best way is to use your web browser. To browse the archives, point your browser to: http://www.xmission.com/~mcjathan/cgi/lwgate.cgi/CANSLIM/ You can do simple key-word searches on the archive by going to: http://www.xmission.com/~mcjathan/canslim/search.html 2. (Not as convenient) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. Best Regards, Jeff Salisbury - CANSLIM list owner/admin - - ------------------------------ Date: 3 Feb 2001 09:39:17 -0800 From: "Tim Fisher" Subject: [CANSLIM] Fwd: Web site updated I thought Ron's comments were right on the mark so I am forwarding them today; as usual they are at the address below. I did get ATVI at a good price (<5% extended) Friday with a limit order and it closed at the high for the day, so I feel pretty lucky given the action on the Nasdaq. It and LEN (and 60 shares of USPH which Schwab never did sell and won't credit me a free commission for the partial execution) are my sole remaining holdings besides my wife's wad of MCD. Even being mostly in cash I continue to bleed (funds and a small buy-and-hold portfolio that is dead) and am now back to where I was 14 months ago or so. >The Nasdaq ended the week down 121 points, all of the losses coming on >Friday. > >The Nasdaq index is at critical point. You can see clearly on the chart >resistance is in the 2860 area and it is now at critical support at 2660. The >index is still above the gap formed on January 17, but if it cannot hold above >the gap, I believe the Nasdaq will test the low established on January 3, >2001 because the Bulls will have lost control.. > >My current analysis of the Nasdaq: > >1. The 17 DMA has turned up through the 50 DMA, but The 50 Day Moving >Average is still going down. We did not have enough positive days to make >it turn up toward the 200 DMA. > >2. Downside volume overwhelmed upside volume for the week, and overall >volume was down from the prior week. This is a concern because the >market needs positive volume and conviction to drive it higher. When the >market makes little headway, or falls sharply on heavy volume, these days >should be considered distribution days. Two good examples are the past >two Wednesdays where the volume was heavy, but the market went >nowhere or fell. Friday's only positive was that the sell off was on reduced >volume. > >3. The weekly trend is now neutral. > >4. The FOMC 50 basis point rate cut on Wednesday was a non-event as >concern turned toward earnings growth, or the lack of earnings growth. >Friday's sell off was attributed to a strong jobs report which lessens the >likelyhood of futher near term rate cuts. > >5. The New High/Low line flattened along with the Advance/Decline line . > >6. The weekly Coppock is still going up. > >7. The Accumulation/Distribution Indicators have rolled over to the downside >in the Nasdaq chart. > >8. My Defensive Stocks Surrogate is showing moderate strength which >indicates money looking for safety in an uncertain market environment > >9. The Nasdaq is at a critcal point. I have a couple of small positions in >place, but if the Nasdaq breaks support on Monday, I will close all postions >and will be 100% in cash. If you need to be long this market, stick with >fundamentally strong stocks in strong groups. > >I made changes in Group Rankings. I am now publishing Ian Slow RS and >Velocity rankings. >Ian Slow shows the long term strength of groups in the current market >environment, while the 6 week Velocity Ranking shows groups gaining >momentum. The Market RS Rankings use 14 week Wilder RS with a 6 week >velocity setting. > >Ianforum.com - http://www.ianforum.com Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sat, 3 Feb 2001 12:35:17 -0500 From: "Young Bowlden" Subject: Re: [CANSLIM] Eliminate the digest.. I personally like the condensed version of the list makes it much easier to review leaving valuable time for research and family Thanks - - ------------------------------ Date: Sat, 03 Feb 2001 13:38:42 -0700 From: Jeff Salisbury Subject: Re: [CANSLIM] Eliminate the digest.. Young Bowlden wrote: > > I personally like the condensed version of the list makes it much easier to > review leaving valuable time for research and family Thanks > > - Young, You bring up a point that I think is a big misconception about the digest. The digest is NOT a condensed version of canslim. There has been no editing or condensing of any kind. The ONLY difference between the digest and the regular version is that a bunch of emails have been gathered together to create one enormous email. For example, instead of having approx 10 seperate, smaller emails delivered to your inbox, the digest first gathers the exact same 10 messages into one larger email and delivers it to your inbox. If you will setup a filter which automatically puts the incoming CANSLIM messages into their own folder, you will find it just as easy to read as the digest. I used to be a digest subscriber myself until I tried this filter / folder thing. I discovered that my Netscape email allows me to sort my canslim folder by "thread". This makes it much easier to follow a particular topic. I urge all you digest subscribers to give it a try. The switch-over to "digest only" is inevitable. Regards, Jeff - - ------------------------------ Date: Sat, 03 Feb 2001 13:42:21 -0700 From: Jeff Salisbury Subject: [CANSLIM] Digest elimination: Feb 10 Hello Everyone, The canslim-digest will be eliminated on Feb 10 -- one week from today. At that time, I will move all digest subscribers over to the regular list. I will continue to take comments, and respond to peoples concerns. Best Regards, Jeff - - ------------------------------ Date: Sat, 03 Feb 2001 21:35:13 -0700 From: esetser Subject: Re: [CANSLIM] Fwd: Web site updated Is the HGS totally focused on the NASDAQ as your posts seem to suggest? I have only owned a couple of 4 letter symbol stocks the last few months, and I'm not sure that I want to own any more. It seems to me that the DOW and maybe the S&P are leading now, so I'm not sure focusing on the NASDAQ is the right thing to do. I'm not really buying any tech stocks right now, and I won't until they show some kind of leadership. Do you thing focusing on the NASDAQ is the right thing to do? Note that I also see a lot of emphasis on the NASDAQ in IBD. It almost seems like they aren't willing to admit that the other groups could lead even if the greatest growth potential was in tech. However, it seems to me, that the greatest growth potential has ALWAYS been in tech, for years and years, several decades at least, but that isn't where the leadership has been year after year, so why do we all seem to think that's where we need to focus? Call me "Investing in Retail/Diversified/Financial" Earl At 09:39 AM 2/3/01 -0800, you wrote: >I thought Ron's comments were right on the mark so I am forwarding them >today; as usual they are at the address below. I did get ATVI at a good >price (<5% extended) Friday with a limit order and it closed at the high >for the day, so I feel pretty lucky given the action on the Nasdaq. It and >LEN (and 60 shares of USPH which Schwab never did sell and won't credit me >a free commission for the partial execution) are my sole remaining holdings >besides my wife's wad of MCD. Even being mostly in cash I continue to bleed >(funds and a small buy-and-hold portfolio that is dead) and am now back to >where I was 14 months ago or so. > >>The Nasdaq ended the week down 121 points, all of the losses coming on >>Friday. >> >>The Nasdaq index is at critical point. You can see clearly on the chart >>resistance is in the 2860 area and it is now at critical support at 2660. The >>index is still above the gap formed on January 17, but if it cannot hold above >>the gap, I believe the Nasdaq will test the low established on January 3, >>2001 because the Bulls will have lost control.. >> >>My current analysis of the Nasdaq: >> >>1. The 17 DMA has turned up through the 50 DMA, but The 50 Day Moving >>Average is still going down. We did not have enough positive days to make >>it turn up toward the 200 DMA. >> >>2. Downside volume overwhelmed upside volume for the week, and overall >>volume was down from the prior week. This is a concern because the >>market needs positive volume and conviction to drive it higher. When the >>market makes little headway, or falls sharply on heavy volume, these days >>should be considered distribution days. Two good examples are the past >>two Wednesdays where the volume was heavy, but the market went >>nowhere or fell. Friday's only positive was that the sell off was on reduced >>volume. >> >>3. The weekly trend is now neutral. >> >>4. The FOMC 50 basis point rate cut on Wednesday was a non-event as >>concern turned toward earnings growth, or the lack of earnings growth. >>Friday's sell off was attributed to a strong jobs report which lessens the >>likelyhood of futher near term rate cuts. >> >>5. The New High/Low line flattened along with the Advance/Decline line . >> >>6. The weekly Coppock is still going up. >> >>7. The Accumulation/Distribution Indicators have rolled over to the downside >>in the Nasdaq chart. >> >>8. My Defensive Stocks Surrogate is showing moderate strength which >>indicates money looking for safety in an uncertain market environment >> >>9. The Nasdaq is at a critcal point. I have a couple of small positions in >>place, but if the Nasdaq breaks support on Monday, I will close all postions >>and will be 100% in cash. If you need to be long this market, stick with >>fundamentally strong stocks in strong groups. >> >>I made changes in Group Rankings. I am now publishing Ian Slow RS and >>Velocity rankings. >>Ian Slow shows the long term strength of groups in the current market >>environment, while the 6 week Velocity Ranking shows groups gaining >>momentum. The Market RS Rankings use 14 week Wilder RS with a 6 week >>velocity setting. >> >>Ianforum.com - http://www.ianforum.com > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > > > - - ------------------------------ End of canslim-digest V2 #1110 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.