From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #219 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Thursday, April 30 1998 Volume 02 : Number 219 In this issue: Re: [CANSLIM] Employment Re: [CANSLIM] non-CANSLIM - real time quotes [CANSLIM] netscape Re: [CANSLIM] Employment [CANSLIM] Free Realtime Quotes Re: [CANSLIM] netscape Re: [CANSLIM] Oil related stocks RE: [CANSLIM] Employment [CANSLIM] Shorts Re: [CANSLIM] netscape Re: [CANSLIM] Employment Re: [CANSLIM] Employment, EPIQ, HDWY Re: [CANSLIM] Oil related stocks Re: [CANSLIM] Employment Re: [CANSLIM] Shorts [CANSLIM] My watch list - SALT [CANSLIM] EDAC Re: [CANSLIM] Oil related stocks [CANSLIM] DAYR Re: [CANSLIM] Canslim site. [CANSLIM] Earnings Estimates [CANSLIM] "M" and Shorting [CANSLIM] Cup and Handle Re: [CANSLIM] "M" and Shorting [CANSLIM] Settings for BigCharts [CANSLIM] Daily Graph Online Group rate [CANSLIM] Economic Reports for rest of week (was Fw: Finance - Morning Call @ 04/30/98) Re: [CANSLIM] Cup and Handle - Tom Worley [CANSLIM] OBV/MF:An almost stock. Re: [CANSLIM] Cup and Handle - Tom Worley Re: [CANSLIM] Settings for BigCharts ---------------------------------------------------------------------- Date: Wed, 29 Apr 1998 19:17:52 -0700 From: "Louis Gipson, RN" Subject: Re: [CANSLIM] Employment Hi Tom, Congratulation on your new job. Ain't it sweet. I often find the best revenge to be more successful than those who hurt you. Lou Tom Worley wrote: > > Well, gang, looks like the vacation is over. I start work at a > international German bank on Monday with about half the responsibility > I had at my last job but for a base pay more than 20% higher (and > excellent benefits will add another 10% to that). It looked for some > time like I was going into the foreign exchange side of the back > office, but at the last minute they decided they wanted my securities > expertise more, and were afraid someone else would hire me in the > meantime. > > Sorry if this throws next month's Employment Cost Index into > inflationary ground, but I always did say I was underpaid. And it was > a nice feeling to have several companies scrambling to hire me. And > yes, the one I wanted got me, altho several others were talking more > money. > > Even my HDWY celebrated today, up 13.9%. My only regret is I didn't > have the guts to do what I considered doing on Monday, using the cash > in my IRA to buy another 800 shares around 7.5!! Oh well, there's > always another train leaving the station. > > I will no longer be "licensed" and banking restrictions are no where > as severe as in the securities industry, so can freely express my > opinion in the future. > > Tom W > > - - - ------------------------------ Date: Thu, 30 Apr 1998 02:20:07 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] non-CANSLIM - real time quotes On Wed, 29 Apr 1998 11:39:56 -0500, you wrote: :looks like the floodgates have opened and everybody is finally going to :start offering free RT quotes Well it's about time. Seems to me that anything else in unconscionable. Dan - - ------------------------------ Date: Wed, 29 Apr 1998 22:57:43 -0700 From: Subject: [CANSLIM] netscape Members I know this is not canslim but..... What about Netscape is it a breakout ? I know a lot of analyst are saying it is the best buy among the so called Internet stocks. Any opinions are greatly appreciated David the rookie - - ------------------------------ Date: Wed, 29 Apr 1998 23:30:50 -0400 From: "James Adams" Subject: Re: [CANSLIM] Employment Tom Worley >Well, gang, looks like the vacation is over. I start work at a >international German bank on Monday with about half the responsibility >I had at my last job but for a base pay more than 20% higher (and >excellent benefits will add another 10% to that). Congrats Tom. FWIW, you've been on my prayer list for the past few weeks...in spite of my many quite unorthodox beliefs, at least compared to many of my methodist pastor colleagues, I do believe that good word on behalf of a good person can't hurt . >Even my HDWY celebrated today, up 13.9%. My only regret is I didn't My rheumatoid arthritis kept me on the couch most of the day so I missed the HDWY qtr report and hence the good move. I'm wondering if it is too extended at this level. BTW, I didn't stop out of EPIQ, as any smart CANSLIMMER would do, rather I averaged down in the mid $13s. Watching it around 12 and still holding......I hate not following my own advice. CNBC reported today that several software companies report better than expected earnings this a.m. I hope this will kick epiq tommorrow. If not, as they used to say on the gator boats, "sailor, you're sol." James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Wed, 29 Apr 1998 23:35:31 -0400 From: "James Adams" Subject: [CANSLIM] Free Realtime Quotes URL: www.quotecentral.com I don't know if this site has been mentioned, but they not only give 100 free realtime quotes a day with intraday charts, they also many other free options from screening to major financial periodical indices to search for info. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Thu, 30 Apr 1998 00:01:24 EDT From: DCSquires Subject: Re: [CANSLIM] netscape In a message dated 98-04-29 23:01:31 EDT, you write: << What about Netscape is it a breakout ? >> NSCP had a nice move from a double bottom pattern. Today it broke through a 10 month down trendline, which is bullish. However, it is still trading below its 200 day MA. This MA is at 29 and falling. I would expect some resistence at this average. The move today was likely associated with NSCP's appearence at the H&Q tech. conference so the move was likely news driven. I would rather see it move on no news. DSquires - - ------------------------------ Date: Wed, 29 Apr 1998 21:21:16 PDT From: "Charles Morgan" Subject: Re: [CANSLIM] Oil related stocks Tom, Congrats on the job. Do you think that Asia is playing the biggest role in decreased demand for oil? I personally believe so. I am going to keep a closer eye on the supply and demand of oil. If I see a large increase in demand without a change or increase in oil supplies, I will probably increase my investments in my international fund. If the demand stays low, I will keep my eye on U.S. stocks with large Asian exposure since a prolonged crisis will affect their earnings. Chuck >From: "Tom Worley" >To: "CANSLIM" >Subject: [CANSLIM] Oil related stocks >Date: Wed, 29 Apr 1998 20:19:23 -0400 >Reply-To: canslim@lists.xmission.com > >In case you missed the data, crude oil prices got hammered again >today. Reasons were varied, from Norway (the #2 producer after Saudi >Arabia) electing not to send a rep to the upcoming June meeting of >OPEC (where they are going to attempt to cut another 500,000 barrels a >day of production), to rumors that Venezuela plans to increase >production 15% next year if the agreement to cut production falls >apart, to reports of crude inventory increasing (highest since Dec >1993), to DOE report of gas inventory increasing by another million >barrels last week despite all the cracker plants that have been shut >down for maintenance or repair. > >Seems that despite the current low energy prices, the demand just >isn't there. > >Tom W > > > >- > > ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Thu, 30 Apr 1998 01:02:58 -0400 From: "Surindra Singh" Subject: RE: [CANSLIM] Employment Congratulations Tom. This was the right time for your disclosure drafted by me (If you still remember), which came little premature. Meanwhile Viagra is released and PFE is heading north ;-) Surindra :-----Original Message----- :From: owner-canslim@lists.xmission.com :[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley :Sent: Wednesday, April 29, 1998 7:02 PM :To: CANSLIM :Subject: [CANSLIM] Employment : : :Well, gang, looks like the vacation is over. I start work at a :international German bank on Monday with about half the responsibility :I had at my last job but for a base pay more than 20% higher (and :excellent benefits will add another 10% to that). It looked for some :time like I was going into the foreign exchange side of the back :office, but at the last minute they decided they wanted my securities :expertise more, and were afraid someone else would hire me in the :meantime. : :Sorry if this throws next month's Employment Cost Index into :inflationary ground, but I always did say I was underpaid. And it was :a nice feeling to have several companies scrambling to hire me. And :yes, the one I wanted got me, altho several others were talking more :money. : :Even my HDWY celebrated today, up 13.9%. My only regret is I didn't :have the guts to do what I considered doing on Monday, using the cash :in my IRA to buy another 800 shares around 7.5!! Oh well, there's :always another train leaving the station. : :I will no longer be "licensed" and banking restrictions are no where :as severe as in the securities industry, so can freely express my :opinion in the future. : :Tom W : : : :- : - - ------------------------------ Date: Thu, 30 Apr 1998 06:03:19 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Shorts Phew!! SPY short is a good one to watch on Market Direction. Please tell us if it turns positive on "TSV". I don't know what that indicator is, would you explain? Jeffry - - ------------------------------ Date: Thu, 30 Apr 1998 07:31:21 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] netscape Their business seems to have picked up well since they started giving away the software (measured in terms of mkt share). At their recent conference call, the CEO said he is working hard to return them to profitability, but give him another qtr or so. Tom W - -----Original Message----- From: hoseco7@concentric.net To: canslim@lists.xmission.com Date: Wednesday, April 29, 1998 10:57 PM Subject: [CANSLIM] netscape > >Members I know this is not canslim but..... >What about Netscape is it a breakout ? >I know a lot of analyst are saying it is the best buy among the >so called Internet stocks. >Any opinions are greatly appreciated > >David the rookie > > >- > - - ------------------------------ Date: Thu, 30 Apr 1998 07:29:11 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Employment And they haven't yet gotten my invoice for over $50,000 of overtime pay due!!! That's what they get for trying to steal a week of my paid vacation, then give me a BS excuse why they didn't have to pay it! I'm not very good at holding a grudge, but on the rare occasions I am given sufficient provocation, look out!! And by Monday, they will be in violation of the rules on COBRA (they still haven't notified me) and that's a $100/day fine. And I will file the complaint. Tom W - -----Original Message----- From: Louis Gipson, RN To: canslim@lists.xmission.com Date: Wednesday, April 29, 1998 10:18 PM Subject: Re: [CANSLIM] Employment >Hi Tom, > >Congratulation on your new job. Ain't it sweet. I often find the best >revenge to be more successful than those who hurt you. > >Lou > > > >Tom Worley wrote: >> >> Well, gang, looks like the vacation is over. I start work at a >> international German bank on Monday with about half the responsibility >> I had at my last job but for a base pay more than 20% higher (and >> excellent benefits will add another 10% to that). It looked for some >> time like I was going into the foreign exchange side of the back >> office, but at the last minute they decided they wanted my securities >> expertise more, and were afraid someone else would hire me in the >> meantime. >> >> Sorry if this throws next month's Employment Cost Index into >> inflationary ground, but I always did say I was underpaid. And it was >> a nice feeling to have several companies scrambling to hire me. And >> yes, the one I wanted got me, altho several others were talking more >> money. >> >> Even my HDWY celebrated today, up 13.9%. My only regret is I didn't >> have the guts to do what I considered doing on Monday, using the cash >> in my IRA to buy another 800 shares around 7.5!! Oh well, there's >> always another train leaving the station. >> >> I will no longer be "licensed" and banking restrictions are no where >> as severe as in the securities industry, so can freely express my >> opinion in the future. >> >> Tom W >> >> - > >- > - - ------------------------------ Date: Thu, 30 Apr 1998 07:37:52 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Employment, EPIQ, HDWY James, Thanks for the prayers, just glad it all worked out well finally. I've still got EPIQ on my watch list, trying to figure out what's going on and what would be a good price to reenter. It's still got a lot of excellent CS elements, lacking only a clear chart picture. Had I been smart/aggressive/risk taking enough to have bot more HDWY on Monday, I would probably have sold it yesterday for a quick 30% profit. It did close very strong yesterday on the earnings report, and a follow thru this morning may give it a new high. Is it too extended? Probably, but momentum suggests to me it may move higher yet. Tom W - -----Original Message----- From: James Adams To: canslim@lists.xmission.com Date: Wednesday, April 29, 1998 11:29 PM Subject: Re: [CANSLIM] Employment >Congrats Tom. FWIW, you've been on my prayer list for the past few >HDWY qtr report and hence the good move. I'm wondering if it is too extended > >BTW, I didn't stop out of EPIQ, as any smart CANSLIMMER would do, rather I >averaged down in the mid $13s. Watching it around 12 and still >holding......I hate not following my own advice. CNBC reported today that >several software companies report better than expected earnings this a.m. I - - ------------------------------ Date: Thu, 30 Apr 1998 07:41:51 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Oil related stocks Asia's economic crises has certainly contributed, but I suspect El Nino has done considerably more at this point. I do not anticipate seeing much further damage done to US corp profits by Asia than what we have already seen. Domestic demand for products seems to have offset most of the effect, with the net result being more price competition but little slowdown in economic activity (one of the reasons the Fed bias shifted from neutral to tightening). Tom W - -----Original Message----- From: Charles Morgan To: canslim@lists.xmission.com Date: Thursday, April 30, 1998 12:20 AM Subject: Re: [CANSLIM] Oil related stocks >Tom, > Congrats on the job. > >Do you think that Asia is playing the biggest role in decreased demand >for oil - - ------------------------------ Date: Thu, 30 Apr 1998 07:49:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Employment How could I forget, Surindra??? Now I have the literary license to work on some really creative disclosure blocks!! Tom W - -----Original Message----- From: Surindra Singh To: canslim@lists.xmission.com Date: Thursday, April 30, 1998 1:03 AM Subject: RE: [CANSLIM] Employment >Congratulations Tom. > >This was the right time for your disclosure drafted by me (If you still >remember), which came little premature - - ------------------------------ Date: Thu, 30 Apr 1998 09:04:57 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] Shorts Jeffry SPY should be something of a market indicator. It is a compilation of the S&P 500 stocks, and should closely mirror that index. TSV - Time segmented volume. It's a function of volume that is added or subtracted from a running total, depending on if it's an up or down day. A running average line is used for signal'g upward or downward divergence in the buying or selling trend. Technicians spend a great deal of time looking at this, and other indicators, trying to get a feel for where the market is going. But in the end, you can't argue with what the market is actually doing. If you do, you will loose. The jury is still out on this market. Time and time again, over the past few years, it has continued to go up when, by all indications, it should start going down. I'm not looking for this correction to be over.....but I'm not going to argue with the market either. Tony - ---------- > From: Jeffry White <"postwhit@sover.net"@sover.net> > To: canslim@mail.xmission.com > Subject: [CANSLIM] Shorts > Date: Thursday, April 30, 1998 6:03 AM > > Phew!! SPY short is a good one to watch on Market Direction. Please > tell us if it turns positive on "TSV". I don't know what that indicator > is, would you explain? > > Jeffry > > - > - - ------------------------------ Date: Thu, 30 Apr 1998 09:16:30 -0400 From: "Tom Worley" Subject: [CANSLIM] My watch list - SALT Added one this morning, a real low tech stock, Salton Maxim Housewares (SALT). Chart not real clear, looks a little extended, but it has already earned more in the first six months than all of last fiscal year. CS elements look decent, will watch it for now. Tom W - - ------------------------------ Date: Thu, 30 Apr 1998 09:27:50 -0400 From: "Tom Worley" Subject: [CANSLIM] EDAC Earned 16 cents vs 7 cents for Q1, no details yet, just the headline. Tom W - - ------------------------------ Date: Thu, 30 Apr 1998 09:15:26 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Oil related stocks Tom, Take a look at HAL, RIG, etc and tell me what the chart says... At 08:19 PM 29-04-98 -0400, you wrote: >In case you missed the data, crude oil prices got hammered again >today. Reasons were varied, from Norway (the #2 producer after Saudi >Arabia) electing not to send a rep to the upcoming June meeting of >OPEC (where they are going to attempt to cut another 500,000 barrels a >day of production), to rumors that Venezuela plans to increase >production 15% next year if the agreement to cut production falls >apart, to reports of crude inventory increasing (highest since Dec >1993), to DOE report of gas inventory increasing by another million >barrels last week despite all the cracker plants that have been shut >down for maintenance or repair. > >Seems that despite the current low energy prices, the demand just >isn't there. > >Tom W > > > >- > > Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Thu, 30 Apr 1998 08:03:10 -0700 From: Tim Fisher Subject: [CANSLIM] DAYR I haven't been watching since Friday and so missed the move, but what do you think of DAYR? The MF turned positive around the 21st and the 3/7/10 EMA gave a buy on the 14th or so. I realize the institutions are high but I don't see anything else moving on my insanely long watch list (therefore, why the heck am I considering buying anything?) My goofy little EPS/RS figures are in the 60s, kinda low. Here's the stats I have: OFFICE SPPL&FRM Day Runner Inc TICKER DAYR EXCHANGE NSDQ 24WK PCHG% 5.13 TREND EPGR 30.73 QEPS 0/-4 34.33 QEPS -1/-5 22.81 QEPS -2/-6 44.44 % INSTITUT 52.55 % INSIDERS 18.91 TREND SALE 14.95 P/E 12M 17.08 ROI 25.45 D/Equity 0.00 PEG F1 0.86 Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 30 Apr 1998 11:09:11 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Canslim site. Morning Gary-- I called up the URL minus the "Canslim" amendment. The site comes up, but I don't see how I found the Canslim screen. Sorry. Will look again when I have a minute. Thanks for the mail. Connie Mack Gary M. Pess wrote: > Connie, > > Could you check the site URL, it comes back not found. > > Gary Pess > Handman > > Connie Mack Rea wrote: > > > Members-- > > > > I came upon this site while looking at sites for myself. > > > > I've no opinion. Just happened to see it was dedicated to Canslim. > > > > http://stockguide.com/canslim.htm > > > > Connie Mack > > > > - > > - - - ------------------------------ Date: Thu, 30 Apr 1998 13:52:44 EDT From: DCSquires Subject: [CANSLIM] Earnings Estimates Hi all, I just noticed to that YHOO has improved its reaserch section dramatically. Go to YHOO finance and enter a ticker>click on research>then detailed research. http://quote.yahoo.com/ Dsquires - - ------------------------------ Date: Thu, 30 Apr 1998 14:47:36 -0400 From: "Tom Worley" Subject: [CANSLIM] "M" and Shorting Boy, after all the posts on these topics lately, the group has sure gotten quiet. The economic reports this morning which have sent both the stock and bond mkt screaming higher are real, but did not surprise me. Likewise, the severity of the reaction is the mirror image (and just as illogical) as was the mkt's reaction on Monday to a "ho hum this isn't news" article by WSJ. Sadly, a lot of investors, and even institutional mgrs, got whipsawed this week. This is why I place so much personal emphasis on economics and its relationship to the mkt. And why you need to know what's expected vs reported. The combination of Q1 GDP (gross domestic product) coming in well over expectations (indicating stronger growth despite Asia - hmmmm, seems I remember someone here mentioning this??) with the ECI (employment cost index) coming in well under expectations sent a message that we are not falling into recession, nor is inflation creating a need for the Feds to hike rates any time soon. The fact that the Implicit Price Deflator (a sig "future inflation" indicator, and part of the Q1 GDP report) was at a 34 year LOW also helped measurably. Bottom line, it's going to take hard data for the Feds to justify raising rates, and they're not likely to now have that before the May FOMC meeting. Whether they get it before the July meeting remains to be seen. Keep in mind that tomorrow there is also a number of economic reports to be released, and with this volatility, we could give a lot of this back if the reports are bad (altho I don't expect that). I will post the reports and estimates after this. Tom W - - ------------------------------ Date: Thu, 30 Apr 1998 15:02:28 -0400 From: "Tom Worley" Subject: [CANSLIM] Cup and Handle Got an interesting piece of literature from IBD today. It's a chart of Nasdaq for 1996 with WON's notations on distribution, buy and sell points. Unfortunately, I don't have a scanner, but will mail it to someone that does and can scan and post it. I noticed one item in particular - it shows a c&h forming during the months of July, August and first part of September. As the right side of the cup forms, about half way up and approx at 1100, is the notation "BUY - Market trend now is up. This is the 1st rally that has a follow thru day up 1% with volume increasing.". This suggests that at least on some occasions WON advocates buying on the right side of the cup and not waiting for the handle to form and breakout from there. The chart also shows four days of distribution indicating sell conditions, a price break downward, a short consolidation and rally, before showing the first SELL on a failed rally signal, which was on the sixth day of the rally when it finally failed to follow thru. A second, third and fourth SELL is shown for three following rally attempts that also finally failed to follow thru. All this preceded the c&h formation and were from about 1275 down to about 1175, with the left edge of the cup at about 1200 and the bottom at about 1050. The notation, BTW, on the volume for those four distribution days is "Volume increases from day before and market prices stall or close down". Tom W - - ------------------------------ Date: Thu, 30 Apr 1998 16:24:34 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] "M" and Shorting Tom I agree 100% with what you are saying and the position that the market is largely driven by the economy and related economic factors. The fact that we think the market is ready for a correction or that the market needs a correction has no bearing on the market itself. My cautioning remarks are not intended to spread doom and gloom, my out look is still very possitive. However. I remain short term cautious. It is not uncommon to have rangy up and down days during a period of correction or consolidation. The proof of market strength will be the continuation of the strong volume, strong upward price movement and breaking back into the new high territory. Given the strength of today, I am certainly more possitive than I was earlier in the week. Here's hoping it continues. > Sadly, a lot of investors, and even institutional mgrs, got whipsawed this week. Me included. I'm short SPY and it was up 2 plus points today. #@!$%&$!!! Tony - - ------------------------------ Date: Thu, 30 Apr 1998 17:17:12 -0400 From: Connie Mack Rea Subject: [CANSLIM] Settings for BigCharts Members-- Some have asked me what settings I prefer for BigCharts. I will give those and a couple of other useful points. I am using Netscape/Communicator 4.01. There is not much reason for using earlier numbers, for downloads are free. Communicator 4.05 is out. I prefer Netscape to Explorer, though you can run them both. BC is programmed in "frames." That means that there are several smaller frames [pictures] within the larger frame, which is the screen you see when you pull up BC. You can change several settings by clicking Edit/Preferences/Appearance/Fonts. There you can choose a font/size, and a number of other preferences. Too, you can click on any frame and change the font size by clicking on View. You should be familiar with everything on the Preferences menu; there is much else there about mail and other settings. Time Frame: Set to 3-mos for initial scan with MoneyFlow [MF] in lower window. Once stock is selected: [1] switch to OnBalanceVolume [OBV] in lower window; [2] switch to SlowStochastic [and sometimes to FastStochastic if you want to be aggressive]; [3] switch to MACD; [4] switch to Volume+. I rarely look at anything else except Volume Accumulation. EMA [exponential moving average] is altered. Go to Indicators. Click the EMA 3-line and erase the 5 you should see, which is the default. Enter this line exactly, with the commas: 3,7,10. You should see these numbers appear at the top or the chart after you click Draw Chart. You can insert any numbers you want, and, as I recall, up to six or seven numbers. I look at a 1-mos chart out of habit. Then I look at a 5-day hourly chart to find support/resistance. I may or may not run all the indicators through the 5-day setting. You do get some radically different perspectives from intraday charts. I look especially for any positive divergence occurring in the last five days. If I can discern support/resistance on the 5-day, I go to the 1-day 5-minute chart to find an entry number. I leave the Index to None. Upper Indicators: Parabolic SAR. Don't sell this indicator short. Not exactly the right words. Don't ignore this indicator. It is designed to keep you in the market, either long or short, all the time. It tracks my EMA fairly closely. I have asked BC for the formula to no avail. Lower Indicators: MoneyFlow [or OBV, for I discard any stock not meeting both parameters]. Price Display: Always candles. Chart Background: Either Default or Three Tone. Three Tone wastes a lot of ink when you print. Some of the other displays are very colorful. However, sometimes when you print out a chart, the colors will print between gray and darker and black. You can use up a printer head ink supply pretty quick when you print anything but black on white. If you find, on other sites, almost all color displays, you can usually do this to get away from using up your ink incredibly fast, and I mean fast: Edit/Select All/Copy. Then open up a word processor page and do this: Edit/Paste. This will usually alter the format to black and white, from which you can now print. You may lose some formating, for color pages are more complex than plain text. Chart Size: Click Large, and depending on how large your fonts are, you may or may not be able to see the whole chart at once. If you can't see the whole chart, chose Medium or Small. And choose Store Settings. You can print from three locations: File/Print, Print from your upper status line, and Print Charts on the bottom right of the chart page. If you're not familiar with File/Print/Print Prevue do so. You get slightly different data when printing from Print in your status line and File/Print than you do from Print Charts. In the past I have had trouble with Print Charts after printing three or four pages; I no longer use it. I print out every chart [4-6] because I know of no way to include two or more lower charts on a single page. Connie Mack - - ------------------------------ Date: Fri, 01 May 1998 17:26:36 +0800 From: Robert Acker Subject: [CANSLIM] Daily Graph Online Group rate Any news about getting a group rate on Daily Graphs online service ? I t would be great to get a group rate on the Investor's Business Daily newspaper and Daily Graphs hardcover chart service too ! Daily graphs online stopped working for me ,after calling them I was told to re-register after downloading lastest software .Any information appreciated . - - ------------------------------ Date: Thu, 30 Apr 1998 17:35:53 -0400 From: "Tom Worley" Subject: [CANSLIM] Economic Reports for rest of week (was Fw: Finance - Morning Call @ 04/30/98) > >ECONOMIC NEWS: Thursday, April 30 Period Data Estimate Previous Period > Employment Cost Index 1Q + 0.7% + 0.9% + 1.0% > Gross Domestic Product 1Q + 4.2% + 3.3% + 3.7% > Jobless Claims weekly 319,000 313,000 318,000 (R) > Help-Wanted Ad Index March 92.0 na 92.0 > > > > FRIDAY: > ** 8:30 a.m. ET: March personal income. Consensus estimate: +0.2%. Prior report: +0.6%. > ** 8:30 a.m. ET: March personal spending. Consensus estimate: +0.3%. Prior report: +0.4%. > ** 10 a.m. ET: April purchasing manager's index. Consensus estimate: 54. Prior report: 54.8. > ** 10 a.m. ET: March construction spending. Consensus estimate: no change. Prior report: +0.3%. > ** 10 a.m. ET: April Michigan sentiment. Consensus estimate: 107.5. Prior report: 108.0. > ** April car sales. Consensus estimate: 6.6 million. Prior report: 6.6 million. > ** April truck sales. Consensus estimate: 6.5 million. Prior report: 6.6 million. > > - - ------------------------------ Date: Thu, 30 Apr 1998 17:43:13 -0400 From: "Carlos E. Fernandez-Touzon" Subject: Re: [CANSLIM] Cup and Handle - Tom Worley Tom -- I am new to CAN SLIM and find some of the charts and "M" particularly intimidating. I was thinking about ordering some of the wall charts from IBD but was not very sure if they would be very helpful. Since you have it --- was it worth ordering? Carlos Tom Worley wrote: > Got an interesting piece of literature from IBD today. It's a chart of > Nasdaq for 1996 with WON's notations on distribution, buy and sell > points. Unfortunately, I don't have a scanner, but will mail it to > someone that does and can scan and post it. > > I noticed one item in particular - it shows a c&h forming during the > months of July, August and first part of September. As the right side > of the cup forms, about half way up and approx at 1100, is the > notation "BUY - Market trend now is up. This is the 1st rally that has > a follow thru day up 1% with volume increasing.". This suggests that > at least on some occasions WON advocates buying on the right side of > the cup and not waiting for the handle to form and breakout from > there. The chart also shows four days of distribution indicating sell > conditions, a price break downward, a short consolidation and rally, > before showing the first SELL on a failed rally signal, which was on > the sixth day of the rally when it finally failed to follow thru. A > second, third and fourth SELL is shown for three following rally > attempts that also finally failed to follow thru. All this preceded > the c&h formation and were from about 1275 down to about 1175, with > the left edge of the cup at about 1200 and the bottom at about 1050. > > The notation, BTW, on the volume for those four distribution days is > "Volume increases from day before and market prices stall or close > down". > > Tom W > > - - - ------------------------------ Date: Thu, 30 Apr 1998 19:08:41 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF:An almost stock. Members-- I have been itchy since Monday to get back into the market. I posted what I bought when I went back in. I had a bit of cash left and wanted another stock for today. I had another five stocks kick out of the OBV/MF screen, but each finally came up short. Here is one that I almost bought. It is a good example to study: ITRI. The MF, both on the 30-day and the 5-day, looks promising. I particularly like the action for the last seven days. Nice positive MFdivergence. A trendline across the tops of the stock and one on the MF show positive divergence. The divergence looks equally good on the 30-day. The 5-day OBV chart has to be worked a bit to come up with any positive divergence. The last four days are steady enough. To squeeze anything positive, you must like the looks of the slight price decline for the last two days, from 14.75 to 15.25, that has settled at 15.25. Today's EMAs have bunched up and are gathering strength. These are 1-day observations: Today's Volume Accumulation looks good. There was a nice Volume+ spike about 2:00. The SlowStochastic looked good at the close. The MACD bunched for most of the day and moved up on the close. The 3/7/10 EMA went buy. But remember that when any indicator is squeezed into a 1-5 intraday chart, and especially a one day chart, you're next door to guessing. Looked at from yesterday's close, the stock failed OBV/MF. Looked at from today's close, I am interested in the very short term for probably a swing trade [2-10 days]. I am "guessing" that the bunching of the price and and the indicators can be read for a move up. I am lying to myself some, for I have squeezed hard to see the necessary positiveness OBV/MF. I will watch ITRI on the 1-day chart and note a Time & Sales chart. If the market is not momentarily worn out, I'll buy three lots: 15 1/16ths, 3/16ths, and 5/16ths. I will not buy the last until I at least have the 3/16ths filled. I have been day trading IMFX. Connie Mack - - ------------------------------ Date: Thu, 30 Apr 1998 20:27:54 EDT From: DCSquires Subject: Re: [CANSLIM] Cup and Handle - Tom Worley In a message dated 98-04-30 17:46:29 EDT, you write: << Tom -- I am new to CAN SLIM and find some of the charts and "M" particularly intimidating. I was thinking about ordering some of the wall charts from IBD but was not very sure if they would be very helpful. Since you have it --- was it worth ordering? >> I believe the graph Tom is refering to comes free with the "Maximizing Your Investment Results" tape....The tape was free for the asking a while ago, call IBD for the details. Re your intimidation of M, don't feel bad, it is aways the most daughting part of CS. The best thing you can do is reread HTMMIS over and over. Also, the tapes they sell are quite good for more understanding of M and Big O's principles in general. DSquires - - ------------------------------ Date: Thu, 30 Apr 1998 18:22:42 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Settings for BigCharts Connie, Clearstation has the 3-indicator chart. It's not flexible but it does show 3,7,10 EMA, slow & fast MACD, slow & fast Stochastic, Volume +, but not (AFAIK) MF or OBV. Looks like it would print nice. At 05:17 PM 4/30/98 -0400, you wrote: >Members-- > >Some have asked me what settings I prefer for BigCharts. I will give >those and a couple of other useful points. I am using >Netscape/Communicator 4.01. There is not much reason for using earlier >numbers, for downloads are free. Communicator 4.05 is out. I prefer >Netscape to Explorer, though you can run them both. > >BC is programmed in "frames." That means that there are several smaller >frames [pictures] within the larger frame, which is the screen you see >when you pull up BC. You can change several settings by clicking >Edit/Preferences/Appearance/Fonts. There you can choose a font/size, and >a number of other preferences. > >Too, you can click on any frame and change the font size by clicking on >View. > >You should be familiar with everything on the Preferences menu; there is >much else there about mail and other settings. > >Time Frame: Set to 3-mos for initial scan with MoneyFlow [MF] in lower >window. Once stock is selected: [1] switch to OnBalanceVolume [OBV] in >lower window; [2] switch to SlowStochastic [and sometimes to >FastStochastic if you want to be aggressive]; [3] switch to MACD; [4] >switch to Volume+. I rarely look at anything else except Volume >Accumulation. > >EMA [exponential moving average] is altered. Go to Indicators. Click >the EMA 3-line and erase the 5 you should see, which is the default. >Enter this line exactly, with the commas: 3,7,10. You should see these >numbers appear at the top or the chart after you click Draw Chart. You >can insert any numbers you want, and, as I recall, up to six or seven >numbers. > >I look at a 1-mos chart out of habit. Then I look at a 5-day hourly >chart to find support/resistance. I may or may not run all the >indicators through the 5-day setting. You do get some radically >different perspectives from intraday charts. I look especially for any >positive divergence occurring in the last five days. If I can discern >support/resistance on the 5-day, I go to the 1-day 5-minute chart to >find an entry number. > >I leave the Index to None. > >Upper Indicators: Parabolic SAR. Don't sell this indicator short. Not >exactly the right words. Don't ignore this indicator. It is designed >to keep you in the market, either long or short, all the time. It >tracks my EMA fairly closely. I have asked BC for the formula to no >avail. > >Lower Indicators: MoneyFlow [or OBV, for I discard any stock not meeting >both parameters]. > >Price Display: Always candles. > >Chart Background: Either Default or Three Tone. Three Tone wastes a lot >of ink when you print. Some of the other displays are very colorful. >However, sometimes when you print out a chart, the colors will print >between gray and darker and black. You can use up a printer head ink >supply pretty quick when you print anything but black on white. > >If you find, on other sites, almost all color displays, you can usually >do this to get away from using up your ink incredibly fast, and I mean >fast: Edit/Select All/Copy. Then open up a word processor page and do >this: Edit/Paste. This will usually alter the format to black and >white, from which you can now print. You may lose some formating, for >color pages are more complex than plain text. > >Chart Size: Click Large, and depending on how large your fonts are, you >may or may not be able to see the whole chart at once. If you can't see >the whole chart, chose Medium or Small. > >And choose Store Settings. > >You can print from three locations: File/Print, Print from your upper >status line, and Print Charts on the bottom right of the chart page. If >you're not familiar with File/Print/Print Prevue do so. You get >slightly different data when printing from Print in your status line >and File/Print than you do from Print Charts. > >In the past I have had trouble with Print Charts after printing three or >four pages; I no longer use it. > >I print out every chart [4-6] because I know of no way to include two or >more lower charts on a single page. > >Connie Mack > > >- > > > 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 #219 ***************************** 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.