From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1320 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 Thursday, April 26 2001 Volume 02 : Number 1320 In this issue: Re: [CANSLIM] ally is ready? [CANSLIM] CHIC is breaking out Re: [CANSLIM] ADVP anyone? Re: [CANSLIM] LLUR Re: [CANSLIM] ADVP anyone? Re: [CANSLIM] ally is ready? [CANSLIM] CHIC ATK SKX breakouts Re: [CANSLIM] CHIC ATK SKX breakouts Re: [CANSLIM] ally is ready? Re: [CANSLIM] ally is ready? Re: [CANSLIM] CHIC ATK SKX breakouts Re: [CANSLIM] CHIC ATK SKX breakouts [CANSLIM] CHIC ATK SKX breakouts [CANSLIM] Can we Avoid Chart Flipping [CANSLIM] 3 more breakouts & [CANSLIM] GIFs from IBD's website Re: [CANSLIM] 3 more breakouts & [CANSLIM] But were they really breakouts? Re: [CANSLIM] 3 more breakouts & Re: [CANSLIM] 3 more breakouts & Re: [CANSLIM] 3 more breakouts & Re: [CANSLIM] Can we Avoid Chart Flipping Re: [CANSLIM] was "q for Tim and Earl", now buying before earnings Re: [CANSLIM] need explanation ---------------------------------------------------------------------- Date: Thu, 26 Apr 2001 11:27:31 -0400 From: asosis@ca.ibm.com Subject: Re: [CANSLIM] ally is ready? Tim and Tom, thank you for answers. Anna - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 11:49:52 -0400 From: asosis@ca.ibm.com Subject: [CANSLIM] CHIC is breaking out Volume > 2 x ADV Anna - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 13:01:08 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] ADVP anyone? Bill: To me it suggests an ascending base-one of the chart formations WON points out on IBD's web page in the "buying stocks" Learning section. I believe his major points are appropos in ADVP's case: An uptrend that rises in stages, but can't BO totally. not because the stock is weak, but because the market is weak. There have been four ascending stages-in Dec., Feb., March and April. I know WON says that 4th stage LLUR's are apt to fail when they BO;however, I believe what is meant is that ascending bases (which I believe ADVP is in) are exceptions to the rule. I was going to say that ADVP looks like a strong stock trying to get stronger. However, I just noticed that the RS line is in a very weak divergence at its new high today. According to WON the RS line should exceed to a new high when the stock is making a new high. Moreover, there doesn't seem like there will be too much demand today (if the stock's volume continues as it has earlier in the day). This, in my opinion, doesn't negate the ascending base of ADVP; however, I do believe it is short-term weak. Any comments on my analysis? jans - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 13:10:19 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] LLUR Gene: Nancy's right. LLUR means lower left->upper right, and it points to a stock that is currently in an uptrend. (I'm reading and posting a day later, so your query might already have been answered). Acronyms are a pain sometimes, but they do save time. I didn't know what David's "BTW" stood for until I asked myself, "By The Way, I wonder what he means by BTW?" jans In a message dated 4/25/2001 5:45:52 PM Eastern Daylight Time, NDiFabio@irell.com writes: << Gene, I think it might mean "lower left upper right". Nancy -----Original Message----- From: Gene Ricci [mailto:genr@swbell.net] Sent: Wednesday, April 25, 2001 2:37 PM To: canslim@lists.xmission.com Subject: [CANSLIM] LLUR Help, what's LLUR? Thanks, Gene >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 13:27:00 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] ADVP anyone? Tom: I read somewhere that volatility accompanies a stock as it is about to make a move-either up or down. Do you believe ADVP is apt to fall at least to its support of about 50, and if so, why? Or do you believe it is now too volatile to even take a chance with? jans In a message dated 4/25/2001 6:13:22 PM Eastern Daylight Time, stkguru@netside.net writes: << Looks to me like it is trying to follow a pattern of "base on base". As long as you bot in a base, and were patient, you made money. Right now, it appears to be in a consolidation of gains over the past months, but unlike prior periods, it is showing a lot of volatility instead of settling into a tight base. This would concern me. If you were a gambler, you could try and pick it up on a pullback around the 55 range, and keep a tight stop on it. Otherwise, I would at least wait for it to break a new high on good volume. Tom Worley stkguru@netside.net >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 10:36:35 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] ally is ready? Just my 2 cents: why would you not consider it a blow off top? regards Kent Norman - --- Anna Sosis wrote: > On two year weekly chart this is a cup and is > extended. > On one year chart this looks like LLUR, one could > use > bounces from 50dma or even 30dma to enter to stock. > 3 month chart shows two nice break out from > mini-bases > of sorts: one at the end of March and one a couple > of > weeks ago (volume on both break outs was > spectacular). > Now it seems to be ready to do something: tight > spread, volume has dried up - this looks almost > identical to the pattern this stock formed during > last > break out. > > Do you think it is safe to take the next break out > or > is this stock ready to roll over? Maybe it was LLUR > and now it is forming HTFlags? To me it seems to be > accumulated. Thoughts? > > Thank you for your opinions. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - buy the things you want at great > prices > http://auctions.yahoo.com/ > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 10:38:04 -0700 From: Tim Fisher Subject: [CANSLIM] CHIC ATK SKX breakouts Nice b/o on insane vol today for CHIC. The rest are also worth picking up. I'm out of cash so watching these with jealousy, like I watched NVR, HOTT, ACF, ALLY, STRA, HSE, etc.... P.S. If you like cheapies check out KWK, no vol yet but breaking out. Also CPN looks strong, if you wanted to buy it and were waiting for earnings, they look stellar. It may yet breakout... Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 13:50:43 -0400 From: asosis@ca.ibm.com Subject: Re: [CANSLIM] CHIC ATK SKX breakouts skx is releasing earnings tonight Anna Tim Fisher @lists.xmission.com on 04/26/2001 01:38:04 PM Please respond to canslim@lists.xmission.com Sent by: owner-canslim@lists.xmission.com To: canslim@lists.xmission.com cc: Subject: [CANSLIM] CHIC ATK SKX breakouts Nice b/o on insane vol today for CHIC. The rest are also worth picking up. I'm out of cash so watching these with jealousy, like I watched NVR, HOTT, ACF, ALLY, STRA, HSE, etc.... P.S. If you like cheapies check out KWK, no vol yet but breaking out. Also CPN looks strong, if you wanted to buy it and were waiting for earnings, they look stellar. It may yet breakout... Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 10:36:35 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] ally is ready? Just my 2 cents: why would you not consider it a blow off top? regards Kent Norman - --- Anna Sosis wrote: > On two year weekly chart this is a cup and is > extended. > On one year chart this looks like LLUR, one could > use > bounces from 50dma or even 30dma to enter to stock. > 3 month chart shows two nice break out from > mini-bases > of sorts: one at the end of March and one a couple > of > weeks ago (volume on both break outs was > spectacular). > Now it seems to be ready to do something: tight > spread, volume has dried up - this looks almost > identical to the pattern this stock formed during > last > break out. > > Do you think it is safe to take the next break out > or > is this stock ready to roll over? Maybe it was LLUR > and now it is forming HTFlags? To me it seems to be > accumulated. Thoughts? > > Thank you for your opinions. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - buy the things you want at great > prices > http://auctions.yahoo.com/ > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 14:26:03 -0400 From: asosis@ca.ibm.com Subject: Re: [CANSLIM] ally is ready? Possibly. This is why I asked if the stock is ready to roll over. Anna Kent Norman @lists.xmission.com on 04/26/2001 01:36:35 PM Please respond to canslim@lists.xmission.com Sent by: owner-canslim@lists.xmission.com To: canslim@lists.xmission.com cc: Subject: Re: [CANSLIM] ally is ready? Just my 2 cents: why would you not consider it a blow off top? regards Kent Norman - --- Anna Sosis wrote: > On two year weekly chart this is a cup and is > extended. > On one year chart this looks like LLUR, one could > use > bounces from 50dma or even 30dma to enter to stock. > 3 month chart shows two nice break out from > mini-bases > of sorts: one at the end of March and one a couple > of > weeks ago (volume on both break outs was > spectacular). > Now it seems to be ready to do something: tight > spread, volume has dried up - this looks almost > identical to the pattern this stock formed during > last > break out. > > Do you think it is safe to take the next break out > or > is this stock ready to roll over? Maybe it was LLUR > and now it is forming HTFlags? To me it seems to be > accumulated. Thoughts? > > Thank you for your opinions. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - buy the things you want at great > prices > http://auctions.yahoo.com/ > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 14:24:41 -0400 From: asosis@ca.ibm.com Subject: Re: [CANSLIM] CHIC ATK SKX breakouts Add RJR to the list. Question: the volume has picked up but the pivot has not been crossed ( in this case I set the pivot to new all time high). Does it mean the stock is being distributed and we need to wait for it to cross the pivot to make sure that the supply has been absorbed, or is this "expansion of volume" that precedes the breakout? I guess what I am asking is: do I pull the trigger now or wait? Does anyone have experience with this situation? Anna Tim Fisher @lists.xmission.com on 04/26/2001 01:38:04 PM Please respond to canslim@lists.xmission.com Sent by: owner-canslim@lists.xmission.com To: canslim@lists.xmission.com cc: Subject: [CANSLIM] CHIC ATK SKX breakouts Nice b/o on insane vol today for CHIC. The rest are also worth picking up. I'm out of cash so watching these with jealousy, like I watched NVR, HOTT, ACF, ALLY, STRA, HSE, etc.... P.S. If you like cheapies check out KWK, no vol yet but breaking out. Also CPN looks strong, if you wanted to buy it and were waiting for earnings, they look stellar. It may yet breakout... Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 12:18:20 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] CHIC ATK SKX breakouts Ann I am not sure if I understand the question. If you are asking if you should buy on high volume but no price advance, I would say no. I don't recall reading anything about suggesting such a move. Of course we do know to watch for price movement above the pivot AND high volume. A while back I posted some examples of stocks that had very high volume spikes, but the price did not move much. I watched them for several weeks afterward and nothing indicated the spikes were a precursor to a price move. Of course they were single days volume spikes. I would think it would be a different story for many high volume days in close succession. Regards Kent Norman - --- asosis@ca.ibm.com wrote: > > Add RJR to the list. > Question: the volume has picked up but the pivot has > not been crossed ( in > this case I set the pivot to new all time high). > Does it mean the stock is being distributed and we > need to wait for it to > cross the pivot to make sure that the supply has > been absorbed, or is this > "expansion of volume" that precedes the breakout? > > I guess what I am asking is: do I pull the trigger > now or wait? Does > anyone have experience with this situation? > > Anna > > > Tim Fisher @lists.xmission.com on > 04/26/2001 01:38:04 PM > > Please respond to canslim@lists.xmission.com > > Sent by: owner-canslim@lists.xmission.com > > > To: canslim@lists.xmission.com > cc: > Subject: [CANSLIM] CHIC ATK SKX breakouts > > > Nice b/o on insane vol today for CHIC. The rest are > also worth picking up. > > I'm out of cash so watching these with jealousy, > like I watched NVR, HOTT, > ACF, ALLY, STRA, HSE, etc.... > > P.S. If you like cheapies check out KWK, no vol yet > but breaking out. Also > CPN looks strong, if you wanted to buy it and were > waiting for earnings, > they look stellar. It may yet breakout... > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 10:38:04 -0700 From: Tim Fisher Subject: [CANSLIM] CHIC ATK SKX breakouts Nice b/o on insane vol today for CHIC. The rest are also worth picking up. I'm out of cash so watching these with jealousy, like I watched NVR, HOTT, ACF, ALLY, STRA, HSE, etc.... P.S. If you like cheapies check out KWK, no vol yet but breaking out. Also CPN looks strong, if you wanted to buy it and were waiting for earnings, they look stellar. It may yet breakout... Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 16:04:40 -0400 From: "Rick Parsons" Subject: [CANSLIM] Can we Avoid Chart Flipping This is a multi-part message in MIME format. - ------=_NextPart_000_0030_01C0CE6A.99ABC400 Content-Type: text/plain; charset="windows-1255" Content-Transfer-Encoding: quoted-printable I have seen mentioned by a lot of CANSLIM followers that they will spend = a large amount of time going thru hundreds if not thousands of charts = looking for a cup and handle or breakout. I am sure we would all like a = more efficient way to do this. Two of the criteria for CANSLIM is a breakout above a previous high = (base) and increased volume. Would it not be more efficient to first screen for the top stocks by = your preferences ( in DGO ) then put these stocks on a watch list of a = technical charting program. In this program, set up alerts somewhat as = follows: If a stock reaches a new high (52 week, 26 week, 13 week etc) on volume = greater or equal to 150% of 50 moving average. Or if a stock is within 5% of one of these new highs, put out an alert = to watch for a breakout. Once one of these alerts goes off, one would then study the stock to see = if it meets his/her criteria of a CANSLIM play. One would also study = the chart to see if it was breaking out of a cup and handle. Comments/disadvantages? Rick - ------=_NextPart_000_0030_01C0CE6A.99ABC400 Content-Type: text/html; charset="windows-1255" Content-Transfer-Encoding: quoted-printable
I have seen mentioned by a lot of CANSLIM followers = that they=20 will spend a large amount of time going thru hundreds if = not thousands=20 of charts looking for a cup and handle or breakout.  I am sure = we=20 would all like a more efficient way to do = this.
 
Two of the criteria for CANSLIM is a breakout = above=20 a previous high (base) and increased=20 volume.
 
Would it not be more efficient to first screen = for the top=20 stocks by your preferences ( in DGO ) then put these stocks on a = watch list=20 of a technical charting program.  In this program, set up alerts=20 somewhat as follows:
 
If a stock reaches a new high (52 week, 26 = week, 13 week=20 etc) on volume greater or equal to 150% of 50 moving=20 average.
 
Or if a stock is within 5% of one of these new = highs, put=20 out an alert to watch for a breakout.
 
Once one of these alerts goes off, one would = then study the=20 stock to see if it meets his/her criteria of a CANSLIM play.  One = would=20 also study the chart to see if it was breaking out of a cup and=20 handle.
 
Comments/disadvantages?
 
Rick
 
 
- ------=_NextPart_000_0030_01C0CE6A.99ABC400-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 16:14:15 EDT From: Vanchee1@aol.com Subject: [CANSLIM] 3 more breakouts & - --part1_a9.14a6fdbb.2819db97_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Heres 3 more breaking out to new highs HOV HOC DCS one worth watching starting to look good is NHCH Chris - --part1_a9.14a6fdbb.2819db97_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Heres 3 more breaking out to new highs
HOV
HOC
DCS
one worth watching starting to look good is NHCH

Chris - --part1_a9.14a6fdbb.2819db97_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 10:21:31 -0700 (PDT) From: Mo Subject: [CANSLIM] GIFs from IBD's website There is a much easier way if you're using Netscape to access IBD's website. First "click to view larger image" link in the article. Then right click on the larger image and select "Save image as..." This will save the image as a file which you can attach to an outgoing email. The image in today's Investor's Corner is already a GIF file so no conversion is necessary. - -------- Original Message -------- Subject: Re: [CANSLIM] was "q for Tim and Earl", now buying before earnings Date: Wed, 25 Apr 2001 20:15:30 EDT From: Spencer48@aol.com Reply-To: canslim@lists.xmission.com To: canslim@lists.xmission.com David: Thanks, David. Your analyses have always been helpful to me, so I'm glad to be able to reciprocate. As far as the BMP file being very big-you're right it is. I received a notice from Jeff that the file was too big. However, I have no idea how to maneuver a graphic into a JPEG or GIF. The file in IBD comes to me with an ART extension. From trial and error I am able to get my computer to recognize and copy ART extensions from IBD graphics in Investors Corner articles by using BMP as a file of type. Then I just copy it. Is there an easier way I don't know of? jans __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 14:31:50 -0700 From: Tim Fisher Subject: Re: [CANSLIM] 3 more breakouts & I did not mention HOV since the correct buy price was around 13; it has not based since then, and is extended a good bit, and with today's move looking eerily like a blowoff top, I'm looking to get out around 16-ish. HOC - no base, extended. DCS - no handle, don't know much about it, but at 24 it's about 10% extended. On 01:14 PM 4/26/01, Vanchee1@aol.com Said: >Heres 3 more breaking out to new highs >HOV >HOC >DCS >one worth watching starting to look good is NHCH > >Chris Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 14:38:02 -0700 From: Tim Fisher Subject: [CANSLIM] But were they really breakouts? P.S. Today did not look good for my watch list. Looked like a lot of open high, close low action, on heavy volume. Distribution day for sure on the NAZ and looking like a weak distribution day for the growth stock segment of the market. P.P.S. KWK did not get the vol, the only stock mentioned earlier that I still like at the end of the day is CHIC. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 17:47:34 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] 3 more breakouts & - --part1_d6.5b9f20a.2819f176_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Seems foolish to get out of HOV at 16 when it now at 17.83, why not sell now????? - --part1_d6.5b9f20a.2819f176_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Seems foolish to get out of HOV at 16 when it now at 17.83, why not sell
now????? - --part1_d6.5b9f20a.2819f176_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 14:55:05 -0700 From: Tim Fisher Subject: Re: [CANSLIM] 3 more breakouts & A 10% trailing stop is a bit over 16, that's why... On 02:47 PM 4/26/01, Vanchee1@aol.com Said: >Seems foolish to get out of HOV at 16 when it now at 17.83, why not sell >now????? Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 18:02:38 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] 3 more breakouts & - --part1_ff.57589de.2819f4fe_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit We will more likely see 20 before 16, and you will look back at the other two in a few weeks saying shoulda, woulda, coulda. - --part1_ff.57589de.2819f4fe_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit We will more likely see 20 before 16, and you will look back at the other two
in a few weeks saying shoulda, woulda, coulda. - --part1_ff.57589de.2819f4fe_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 19:23:14 -0600 From: esetser Subject: Re: [CANSLIM] Can we Avoid Chart Flipping This would work for new highs (cups, saucers, and flat bases), but would miss double bottoms, and any base that forms a handle. WON has said that cups with handles are less failure-prone than cups without, so I think this would be a big loss in potential buys. BTW, I do use DGO to screen for stocks with certains minimums, and then to further pick out the top 100-150 stocks based on overall ranking. This gets me down to what I feel is a manageable number of stocks. I run through the entire list in DGO once, and make notes on those that look promising for the next week. This further reduces the list to maybe 30 or 40 stocks. That is the list I follow during the week. At 04:04 PM 4/26/01 -0400, you wrote: > I am sure we would all like a more efficient way to do this. >and increased volume. as follows: If a stock reaches a new high (52 >week, 26 week, 13 week etc) on volume greater or equal to 150% of 50 >moving average. Or if a stock is within 5% of one of these new highs, >put out an alert to watch for a breakout. study the chart to see if it >was breaking out of a cup and handle. Comments/disadvantages? Rick - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 19:29:55 -0600 From: esetser Subject: Re: [CANSLIM] was "q for Tim and Earl", now buying before earnings At 10:52 PM 4/25/01 -0500, you wrote: ... >Personally, I do not know if WON sticks to his own discipline throughout the >bear and the choppy waters. Whether he does or not is beside the point. >The point is that anyone buying now, even though CANSLIM numbers and charts >may be chosen, is not practicing a CANSLIM discipline. ... >Sincerely, >Charles Layne > I certainly do not agree with this statement. We have had follow-through days on all 3 major indexes and confirmation days on the DOW and the S&P. The IBD is advising caution, but has been generally impressed with the action of all the indexes, particularly when you look at the volume. I'm not sure what CANSLIM signal you are waiting for, but I believe WON only talks about 2 - an FT day and good stocks breaking out of sound bases. I believe we have met both of these conditions. In fact, today was a very good day for many CANSLIM stocks as I saw several breakouts and several other confirmations of breakouts. I jumped into CHIC today, and now stand at 67% invested. Oh yes, the general consensus of today's market action on this group was also very bullish. I can't remember the last time we had 8-10 or more stocks discussed as breakouts in a single day!! I think this is the most bullish sign for this rally yet. As far as tomorrow, who knows? (The answer is nobody knows.) - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 26 Apr 2001 21:26:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] need explanation This is a multi-part message in MIME format. - ------=_NextPart_000_001D_01C0CE97.84964CC0 Content-Type: text/plain; charset="windows-1255" Content-Transfer-Encoding: quoted-printable XLNX also formed its handle too high, above the left rim. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: David Squires=20 To: canslim@lists.xmission.com=20 Sent: Thursday, April 26, 2001 9:21 AM Subject: Re: [CANSLIM] need explanation Danny, =20 This is the classic wedging handle. The best way for you to understand = it is through a picture. Look at the attached GIF. XLNX is a faulty = wedging handle while PPDI is a sound handle. I posted a note on wedging = just a few days ago. There are several forms and that is why it can be = so confusing. My previous post may clear it up for you. BTW, XLNX was a = late stage base. =20 DSquires =20 ----- Original Message -----=20 From: dannygottlieb=20 To: canslim@lists.xmission.com=20 Sent: Thursday, April 26, 2001 8:18 AM Subject: [CANSLIM] need explanation Dear Group,=20 I am new to this subject, to the list, and impressed by your = e-mails.=20 Is anyone able to explain to me what WON means in his book HTMMIS = on page 164, 3rd paragraph?=20 When describing the handle he writes," Additionally, handles that = consistently drift upwards along their price lows have a higher = probability of failing when they break out into new highs. This = wedging-upward characteristic along low points in the handle does not = allow the stock to undergo the needed correctrion or shakeout after = having advanced from the low of the base into the upper half of the = pattern. This high risk characteristic tends to occur in either third or = fourth -stage bases, laggard stock bases, or very active market leaders = that become too widely followed and obvious."=20 Greatly appreciated, Danny=20 - ------=_NextPart_000_001D_01C0CE97.84964CC0 Content-Type: text/html; charset="windows-1255" Content-Transfer-Encoding: quoted-printable
XLNX also formed its handle too high, = above the=20 left rim.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 David=20 Squires
To: canslim@lists.xmission.com =
Sent: Thursday, April 26, 2001 = 9:21=20 AM
Subject: Re: [CANSLIM] need=20 explanation

Danny,
 
This is the classic wedging handle. The best way = for you to=20 understand it is through a picture. Look at the attached GIF. XLNX is = a faulty=20 wedging handle while PPDI is a sound handle. I posted a note on = wedging=20 just a few days ago. There are several forms and that is why it can be = so=20 confusing. My previous post may clear it up for you. BTW, XLNX was a = late=20 stage base.
 
DSquires
 
----- Original Message -----
From:=20 dannygottlieb
To: canslim@lists.xmission.com =
Sent: Thursday, April 26, = 2001 8:18=20 AM
Subject: [CANSLIM] need=20 explanation

Dear Group,
I am new to this = subject, to=20 the list, and impressed by your e-mails.
Is anyone able to = explain=20 to me what WON  means in his book HTMMIS on page 164, 3rd = paragraph?=20
When describing the handle he writes," Additionally, handles = that=20 consistently drift upwards along their price lows have a = higher=20 probability of failing when they break out into new highs. This=20 wedging-upward characteristic along low points in the handle = does not=20 allow the stock to undergo the needed correctrion or shakeout after = having=20 advanced from the low of the base into the upper half of the = pattern. This=20 high risk characteristic tends to occur in either third or fourth = - -stage=20 bases, laggard stock bases, or very active  market = leaders that=20 become too widely followed and obvious."
Greatly appreciated,
Danny=20
- ------=_NextPart_000_001D_01C0CE97.84964CC0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1320 ****************************** 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.