From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #246 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 Wednesday, May 20 1998 Volume 02 : Number 246 In this issue: Re: [CANSLIM] Re: Canslim members requesting obv/mf/ema Re: [CANSLIM] TKN, AACE, CNMD (was OBV/MF/EMA) Re: [CANSLIM] RXSD Breakout [CANSLIM] market indicator Re: [CANSLIM] PMCO, CIX (was OBV/MF) Re: [CANSLIM] IMCO [CANSLIM] Fw: Finance - Full Closing Bell @ 05/19/98 (2 stories) Re: [CANSLIM] market indicator Re: [CANSLIM] VectorVest Re: [CANSLIM] Where to look for cos. earnings and sales info? Re: [CANSLIM] Where to look for cos. earnings and sales info? Re: [CANSLIM] On the Oil Groups [CANSLIM] Tom Re: [CANSLIM] Dump this thread! (was market indicator) [CANSLIM] OBV/MF & Indices [CANSLIM] OBV/MF stocks Re: [CANSLIM] Where to look for cos. earnings and sales info? Re: [CANSLIM] OBV/MF & Indices Re: [CANSLIM] OBV/MF & Indices [CANSLIM] To those who subscribed to DailyGraphs Online Re: [CANSLIM] Dump this thread! (was market indicator) Re: [CANSLIM] To those who subscribed to DailyGraphs Online Re: [CANSLIM] Dump this thread! (was market indicator) ---------------------------------------------------------------------- Date: Tue, 19 May 1998 20:36:02 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Re: Canslim members requesting obv/mf/ema Mary-- Does your note mean that you didn't get either of the OBV/MF files? Connie Mack mckeener@ix.netcom.com wrote: > > Connie, > > Don't apologize and take your time. Thanks again. > > Regards, > > Mary Keener > > - - - ------------------------------ Date: Tue, 19 May 1998 20:57:16 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] TKN, AACE, CNMD (was OBV/MF/EMA) As I've previously mentioned, I read everything Connie posts, and save some, and try out others, but don't look at that many of the stocks he mentions as "day trading" stocks rarely seem to meet CANSLIM criteria. As Tim pointed out earlier, XETA did meet this standard, and I previously commented on it, which led me to take a look at the three others mentioned by Connie. TKN - Aside from being both Medical related and on AMEX (two of my strong personal biases), the RS of 23 would keep it off my watch list even with the EPS of 85. The occurence of non-recurring gains inflating earnings in two of the past 4 qtrs would also make me want to investigate further their SEC filings. The rest of the CS elements are OK, but nothing that excites me, esp with the stock trading below its 200 DMA. AACE - Like XETA, the chart suggests some possibilities. RS of 88 and EPS of 89 would make me look further. Earnings and sales have not been consistent, but with 3 qtrs done, the co appears able to meet or more likely beat the 60 cent forecast for the full year. CNMD wasn't in Daily Graphs, so no CS comments on it. Tom W - -----Original Message----- From: Connie Mack Rea To: canslim Date: Tuesday, May 19, 1998 9:30 AM Subject: [CANSLIM] OBV/MF/EMA >Members-- > >I've three stocks that look promising. I don't have time this minute to >comment on them; will try to do so this morning. They are: CNMD, XETA, >and AACE. > >I have a fourth that I will buy this morning. It is a pretty close fit >to about all you can ask of OBV/MF/EMA. Too, the MACD and >SlowStochastics are right on the money. The stock is TKN. > >I'll return later to comment on it and the previous three as soon as I >can this morning. > >Connie Mack > > >- > - - ------------------------------ Date: Tue, 19 May 1998 21:13:24 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] RXSD Breakout It certainly could be a double bottom formation, but I also note that the last rally took it to 35 5/8, where it smacked into the 50 DMA as that trendline descended. And it failed in two attempts to break thru. This was also the point where it began to run into overhead resistance, which lasts thru 39. While the CS elements are decent to very good, I think I would want to see it break thru at least the 50 DMA on volume before acting on it. Tom W - -----Original Message----- From: Larry Horn To: 'canslim@lists.xmission.com' Date: Tuesday, May 19, 1998 9:36 AM Subject: RE: [CANSLIM] RXSD Breakout >Looks like it might be starting up the right side of a double bottom. > >EPS-98 >RS-91 >A/D-D >IBD's %Mgmt-53 >RapidResearch's %Inst-46.5 >Shr-71.4 >Flt-23.9 >ROE-24.91 > >The only problems I have with it are the A/D = D, %Instit is too high (for >me anyway, I usually pick %Instit too low for you) and its price is 13% >below its high. It could be a nice time to get in early before it completes >its pattern though. > >Larry Horn >-----Original Message----- >From: Tim Fisher [SMTP:tim@OreRockOn.com] >Sent: Monday, May 18, 1998 11:16 PM >To: canslim@mail.xmission.com >Subject: [CANSLIM] RXSD Breakout > >Caveat emptor! If tomorow is a good day I'm tempted to get back into this >one. Strong breakout today - +7% on 1.3 ADV (which is skewed by the three 5x >ADV days when it was "downgraded"). Scan numbers: > >MED-DRUGS Rexall Sundown >TICKER RXSD >EXCHANGE NSDQ >X SECTOR 4 >X INDUSTRY 106 >24WK PCHG% 41.41 >TREND EPGR 57.90 >QEPS 0/-4 60.00 >QEPS -1/-5 72.73 >QEPS -2/-6 42.86 >QEPS -2/-7 35.00 >TREND SALE 29.55 >P/E 12M 47.27 >ROI 23.49 >D/Equity 0.00 >PEG F1 1.07 >% INSIDERS 75.69 >% INSTITUT 45.97 > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > >- > - - ------------------------------ Date: Tue, 19 May 1998 21:32:56 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] market indicator Tom wrote: > Jeffry, I will reluctantly respond. > Sorry you feel the need to be so cautious in responding, all we are talking about is a difference of opinion on the "M" and a few other essential CANSLIM criteria, right? I follow the price and volume indicators, along with sentiment, as outlined in HTMMIS. Others in this group do so, as well. I think those are reliable, historically, and they keep me on the straight and narrow, protected (partially) from the psychological pitfalls associated with "hope", "greed", "fear" and the desperate need to "understand", so prevalent in this game. You follow your non-CANSLIM "interpretation" of what you think the market will do. Does the subjective provide with some sense of security while you trade the "M"? Fine. But, objectively speaking, did the subjective get you out of the "M" in January and October 1997? If not, why not? If the signals preceeding those downturns were not clear, why not tell us all why? I move to cash based upon historically reliable and objective indicators so that I am not peeing on myself in the face of a stiff breeze and they allow me to protect easy, sizeable money profits made in the leadership stocks from January through April 1. You keep playing stocks that are by definition "cheap stocks" (not CANSLIM by definition), not leaders, not liquid, prone to blast-off and failure regardless of "M" conditions. If those stocks are your preference, and they give you a chance to make some money and let your stops take you out. Fine. But at least acknowlege the clear teaching of HTMMIS which warn against such longings. Why is it so hard for you to acknowlege that you have strayed so far from CANSLIM? Nothing to be defensive or ashamed about, right? You don't follow some of the criteria, so why get so bent out of shape when some country boy pissant comes along and attemps to call you on it? So you don't follow the WON "M", so you prefer the "feeling" or "status" of placing an order in round lots on cheap stocks, believing that a profit in 5 shares of a $100 stock is somehow different than the same percentage gain in your portfolio on a 100 shares of a $5 stock, so what? But there is an admonition about this state of mind in HTMMIS, right? You don't agree? Fine. Tell us why. Criticism is healthy, at least for me. Keeps me in check. Keeps me honest to my continuing effort to eliminate the biggest enemy to my portfolio...my head. Not very good at it, but trying. You do not play a strict CANSLIM game, neither do I. However, my interpretation is that you have rejected what I read to be inviolate rules which yield a trading style that departs considerably from CANSLIM. I have not, as far as I can objectively determine. But I'm willing to listen to those who would offer such thoughts. Rather, I think that I have modified certain features such as entry point, whereas you have outright rejected more fundamental CANSLIM criteria in the name of "style" and "approach" and 40 years experience. Fine, just fess up to it and be proud of it. You are proud of it, I assume? My sole concern with your approach has been and will continue to be that your comments here are so well crafted, articulate and seemingly "M" savy, that many newbies, and perhaps not-so-newbies, could lose site of the fundamental rules of the discipline that you have cast aside as "not so clear". If the "M" is 50% of the game, and so few are able to properly let it tell them when to be in and when to protect trading capital, shouldn't we be free to discuss what is 50% of what brought us all here in the first place. Peace...and now my unpleasant vacation begins.... See you folks next month, and watch that "M"!!! ;) Regards, Tom. Jeffry - - ------------------------------ Date: Tue, 19 May 1998 21:28:11 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] PMCO, CIX (was OBV/MF) Don't want my comments to sound mean or disparaging, but I didn't look at these from a TA viewpoint, just looked at them from CANSLIM. PMCO - the combo of RS 77 (as of 5/15) and EPS of 75 would take it out of my "watch" concept (forget my bias towards its medical connections). With an up/down ratio of 0.4, the chart formation, and sales growing substantially faster than earnings (suggesting a falling margin) I would look for better candidates. CIX - after going public just two months ago (which alone would keep it off my watch list), it has dropped back to the mid 24 range after a lot of volatility. Because of its short trading life, CS data is suspect. More important to me is its apparent lack of sense on what is its core business ("manufactures economic computer support systems, ball bearing drawer slides and mechanical locks"). Wouldn't know whether I was talking to a computer tech or a locksmith if I needed help! Tom W - -----Original Message----- From: Antista, Anthony To: 'CANSLIM' Date: Tuesday, May 19, 1998 9:44 AM Subject: [CANSLIM] PMCO, CIX (was OBV/MF) >Correct me if I'm wrong, but it seems like these 2 are giving 2nd level >buys [3 ema going thru 10 ema]. > >PMCO the MACD looks very good, although the OBV looks flat. Shouldn't >this be tracking EMA??? > >CIX the MF/OBV is tracking price, is this a good sign?? > >Connie your thoughts are appreciated. > > >Tony A. > > >- > - - ------------------------------ Date: Tue, 19 May 1998 21:39:24 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] IMCO Ari, Looks like it may be trying to form a c&h, needs to base out some after its recent move up. Biggest problem I see is that both qtrly earnings and sales are not showing all that much growth for the past year. Up/down is 1.7, suggesting RS could continue rising. Tom W - -----Original Message----- From: Ari Lawson To: canslim@lists.xmission.com Cc: IMCO@smtp3.erols.com Date: Tuesday, May 19, 1998 8:17 AM Subject: Re: [CANSLIM] IMCO >Impco Technologies Inc.,IMCO. >GRS-63 >ADV-47,300 >Float-3.5 mill. >Timeliness-B >EPS-91 >RS-83 >Advanced yesterday on better than double Vol.Extended just a little over >5%. Any thoughts appreciated.THANKS! > > >- > - - ------------------------------ Date: Tue, 19 May 1998 21:50:19 -0400 From: "Tom Worley" Subject: [CANSLIM] Fw: Finance - Full Closing Bell @ 05/19/98 (2 stories) For any EDAC followers that, like me, may have missed this. Guess I can throw away my proxy vote card that I forgot to mail in. Boy am I bummed I didn't go ahead and buy more at 11.5 just six days ago even if my accts were starting to transfer!! Tom W - -----Original Message----- From: InfoBeat > > Edac Technologies Corporation (EDAC) > > EDAC TECHNOLOGIES CORPORATION expects net earnings will grow about 51 percent in 1998, to $0.65 per share, on a 23 percent gain in revenues. The company said in a statement released from its annual meeting that its projection does not include the acquisition of Apex Machine Tool Co., which has revenues of over $20 million and will have an accretive effect on earnings. EDAC also set a 10 percent stock dividend, payable July 1, record June 16. EDAC, also known as Gros-Ite Industries, primarily offers design and manufacturing services for the aerospace industry. (Reuters 11:42 AM ET 05/19/98) > - - ------------------------------ Date: Tue, 19 May 1998 21:52:55 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] market indicator Fine, Jeffry, you win, I quit. Goodbye. Tom W - -----Original Message----- From: Jeffry White <"postwhit@sover.net"@sover.net> To: canslim@mail.xmission.com Date: Tuesday, May 19, 1998 9:32 PM Subject: [CANSLIM] market indicator >Tom wrote: > >> Jeffry, I will reluctantly respond. >> >Sorry you feel the need to be so cautious in responding, all we are >talking about is a difference of opinion on the "M" and a few other >essential CANSLIM criteria, right? > >I follow the price and volume indicators, along with sentiment, as >outlined in HTMMIS. Others in this group do so, as well. I think those >are reliable, historically, and they keep me on the straight and narrow, >protected (partially) from the psychological pitfalls associated with >"hope", "greed", "fear" and the desperate need to "understand", so >prevalent in this game. You follow your non-CANSLIM "interpretation" of >what you think the market will do. Does the subjective provide with >some sense of security while you trade the "M"? Fine. But, objectively >speaking, did the subjective get you out of the "M" in January and >October 1997? If not, why not? If the signals preceeding those >downturns were not clear, why not tell us all why? > >I move to cash based upon historically reliable and objective indicators >so that I am not peeing on myself in the face of a stiff breeze and they >allow me to protect easy, sizeable money profits made in the leadership >stocks from January through April 1. You keep playing stocks that are >by definition "cheap stocks" (not CANSLIM by definition), not leaders, >not liquid, prone to blast-off and failure regardless of "M" conditions. >If those stocks are your preference, and they give you a chance to make >some money and let your stops take you out. Fine. But at least >acknowlege the clear teaching of HTMMIS which warn against such >longings. > >Why is it so hard for you to acknowlege that you have strayed so far >from CANSLIM? Nothing to be defensive or ashamed about, right? You >don't follow some of the criteria, so why get so bent out of shape when >some country boy pissant comes along and attemps to call you on it? So >you don't follow the WON "M", so you prefer the "feeling" or "status" of >placing an order in round lots on cheap stocks, believing that a profit >in 5 shares of a $100 stock is somehow different than the same >percentage gain in your portfolio on a 100 shares of a $5 stock, so >what? But there is an admonition about this state of mind in HTMMIS, >right? You don't agree? Fine. Tell us why. > >Criticism is healthy, at least for me. Keeps me in check. Keeps me >honest to my continuing effort to eliminate the biggest enemy to my >portfolio...my head. Not very good at it, but trying. You do not play >a strict CANSLIM game, neither do I. However, my interpretation is that >you have rejected what I read to be inviolate rules which yield a >trading style that departs considerably from CANSLIM. I have not, as >far as I can objectively determine. But I'm willing to listen to those >who would offer such thoughts. Rather, I think that I have modified >certain features such as entry point, whereas you have outright rejected >more fundamental CANSLIM criteria in the name of "style" and "approach" >and 40 years experience. Fine, just fess up to it and be proud of it. >You are proud of it, I assume? > >My sole concern with your approach has been and will continue to be that >your comments here are so well crafted, articulate and seemingly "M" >savy, that many newbies, and perhaps not-so-newbies, could lose site of >the fundamental rules of the discipline that you have cast aside as "not >so clear". If the "M" is 50% of the game, and so few are able to >properly let it tell them when to be in and when to protect trading >capital, shouldn't we be free to discuss what is 50% of what brought us >all here in the first place. > >Peace...and now my unpleasant vacation begins.... > >See you folks next month, and watch that "M"!!! ;) > >Regards, Tom. > >Jeffry > >- > - - ------------------------------ Date: Tue, 19 May 1998 22:33:21 -0400 From: Al French Subject: Re: [CANSLIM] VectorVest Judging from their description and samples, VectorVest does value oriented stock analysis. Some folks like this approach, but it is quite different from CANSLIM. The problem with undervalued or out-of-favor stocks is you don't know how long you'll have to wait before they become popular and develop significant buying pressure. Al French ToothDr1 wrote: > > Canslimers, > > CohenInvGr,posted some financial sites including VectorVest. Does anyone > subscribe to their service? If so is it worthwhile? > > TIA > > Dr. Jim > > - - - ------------------------------ Date: Tue, 19 May 1998 19:36:06 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? > Date: Tue, 19 May 1998 10:57:52 -0700 (PDT) > From: Rich > It would be really helpful for me and perhaps for others to find out > where people look for the information that they formerly found on DGO. > That means specifically the earnings and sales growth and > additionally any other information that was available on DGO. I am having the same problem. One place I like, although not a substitute, is www.excite.com. From there they link you into quicken. Enter the quote, then once on the next page, click on Analysts and you can get some earnings estimates and a the past few quarters. - - ------------------------------ Date: Tue, 19 May 1998 23:15:14 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? Tom You wrote: ... >I then pushed my luck and tried for their >earnings report on EDAC, and they didn't have any data, so not sure >how comprehensive this site may be, but have bookmarked it and will >try with other stocks. I guess that is one reason O'Neil can charge so much for the DGO data - reliability, completeness, and availability. They make mistakes occassionally - but they do a better job than most. And all of the data one needs for CS is right there in one place and fast to access (not scattered all over the web). Given that, and compared to some of the other premium services, I guess it is not SO high. No question it would be a bargain for say $15 / month. As soon as I see Quote Plus' new release (ver 2) and work with it a while - I'll have a decision to make. Best Regards, Craig - - ------------------------------ Date: Tue, 19 May 1998 23:27:08 -0400 From: Craig Griffin Subject: Re: [CANSLIM] On the Oil Groups Here is another side of the coin (file under things that are unlikey - but therefore would be big shocks if they occurred) ... The following is quoted from a free daily email called "Global Intelligence Updates" by STRATFOR Systems, Inc. Subscription info is at the end for those of you without enough to read ... >Two other potential external impacts of an Indonesian collapse are of >critical concern to other countries. The first is the security of foreign >firms operating in Indonesia, particularly those in oil and other >extractive industries which would be ripe for nationalization. The second >is the security of the flow of oil from and through Indonesia. Countries >such as Taiwan and Japan, which are highly dependent on Indonesian oil and >on Middle East oil passing through the Strait of Malacca, are extremely >worried about the potential effect an Indonesian collapse could have on >their fuel supply. We note in particular the deployment of Japanese >vessels to Singapore, on the Strait. Should that oil flow become >threatened, they will be forced to turn, at least in the short term, to >Australia to keep the sea lanes open. The nearest significant US Navy >presence is the two Carrier Battle Groups committed in the Persian Gulf, >while the Seventh Fleet has a frigate and a destroyer deployed in the >Philippine Sea. The potential for a constriction in the oil supply, either >through the temporary disruption of Indonesian production or through >threats to traffic through the Strait of Malacca, while an unexpected boon >to Indonesia's cash-strapped OPEC allies, is a nightmare for already >economically unsettled Japan and other Asian nations. > >___________________________________________________ > >To receive free daily Global Intelligence Updates >or Computer Security Alerts, sign up on the web at >http://www.stratfor.com/mail/, or send your name, >organization, position, mailing address, phone >number, and e-mail address to alert@stratfor.com >___________________________________________________ > >STRATFOR Systems, Inc. >3301 Northland Drive, Suite 500 >Austin, TX 78731-4939 >Phone: 512-454-3626 >Fax: 512-454-1614 >Internet: http://www.stratfor.com/ >Email: info@stratfor.com > - - ------------------------------ Date: Tue, 19 May 1998 20:37:04 -0700 From: "John Iding" Subject: [CANSLIM] Tom Tom ... don't let the detractors get you down ... some of us appreciate your input ... and don't take things so personally ... John - - - - ------------------------------ Date: Wed, 20 May 1998 08:26:07 EDT From: DCSquires Subject: Re: [CANSLIM] Dump this thread! (was market indicator) << Does the subjective provide with some sense of security while you trade the "M"? Fine. >> << But, objectively speaking, did the subjective get you out of the "M" in January and October 1997? If not, why not? >> << Why is it so hard for you to acknowlege that you have strayed so far from CANSLIM? Nothing to be defensive or ashamed about, right? >> << Fine, just fess up to it and be proud of it. You are proud of it, I assume?>> Jeffry, While I may agreed with many of the things you said about "M" I think you are kind of browbeating Tom with this line of questioning. Tom has already stated on a number of occations that his CS approach is not pure. It's more fundemental and maybe more subjective and he likes low priced stocks...yada yada. Big Deal! That doesn't make his imput any less useful. One of the best features of CS is that its many good attributes can be molded into a personal approach that works for each individual while still giving this individual an edge. I happen to find Tom's comments and your comments very useful............so maybe we should just drop it. DSquires - - ------------------------------ Date: Wed, 20 May 1998 09:13:58 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF & Indices Members-- Irrespective of the unsophistication of the OBV/MF/EMA, you might plug in INDU and NASDAQ into BigCharts. You will be surprised at their unsophisticated clarity and how closely they approximate sophisticated indicators. Draw a trendline across the tops of the INDU for the last three months; draw a line across the bottoms for the same period. You have a triangle with a flat top and an ascending, higher lows bottom. Ordinarily, the sooner price breaks out of such a triangle, the stronger the break. The closer price gets to the apex, the less strong any breakout. If price doesn't hold and therefore makes a higher low [than the preceding two lows], then the bottoms of those two preceding lows will serve as resistance. In the short term a correction to the low of April 28, would not be serious. The next resistance would be April 1, but not disastrous if there were no breach. Pull up MF and draw a trendline across the tops for a similar period; notice that there is a negative divergence between price and MF. Do the same with OBV. Here the reading is different. OBV is ragged but tracking price. The red line of MACD hit the blue but didn't pass through; it is correcting from a high [strong] level and is therefore not yet a problem. The SlowSto has an interesting pattern. Notice the three completed recovery bottoms and an approaching fourth bottom. From each of the three, the INDU has recovered. The FastSto has had five recovery bottoms and is approaching a sixth from which the recovery is not yet determined. There is a hint that the blue line is flattening. In the next two to three days, we ought to know more about this indicator. The VolumeAccumulation indicator is a bit less promising as you will see with a couple of trendlines across the tops and bottoms of the last six weeks. The Volume indicator for the last few days falls along with price. The Volume+ indicator can be similarly read. The EMA is approaching a third level sell. A bump down today will confirm the sell. The SAR gave a first day sell yesterday. To see what the NASDAQ, or any other index, is doing, approach it with trendlines and indicators. These are short term views, and ambiguous. They say that it is best to hold off on purchases for a few days; and there is no reason to sell yet. But be aware if your stock chart is tracking either index [or is weaker than the index], then you would be quicker to exit [especially if you have a nice profit] if the index continues to fall. A stock with positive divergence over the period of the index correction ought to resist that correction; if the stock corrects more than the index, you have lost the positive divergence influence and ought to be suspicious of the next price rise in the stock. Connie Mack - - ------------------------------ Date: Wed, 20 May 1998 09:19:19 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF stocks Members-- I have two OBV/MF stocks: HORC and AMCV. HORC is not EMA ready. AMCV is approaching a 3-line first level buy. The first level buy could occur today with a bump up. Be sure to look at SlowSto and MACD. Connie Mack - - ------------------------------ Date: Wed, 20 May 1998 06:37:08 -0700 (PDT) From: Rich Subject: Re: [CANSLIM] Where to look for cos. earnings and sales info? Patrick: My.Yahoo.com, a personalized front page from Yahoo has a good but limited financial information. I use it as my front page for 15 min delayed quotes on a list of 40 or 50 stocks. Most of the time the delayed quote is adequate and I believe that the index quotes are real time. Then, you can click on the symbols on your list and get latest news, Zacks estimates, numbers of recommendations from brokerages and link to Edgar, discussion groups on each company and the company home page. I assume that over time there will be more and more available from them and then they will charge for it. Ciao, Rich - ---Patrick Wahl wrote: > > > Date: Tue, 19 May 1998 10:57:52 -0700 (PDT) > > From: Rich > > > It would be really helpful for me and perhaps for others to find out > > where people look for the information that they formerly found on DGO. > > That means specifically the earnings and sales growth and > > additionally any other information that was available on DGO. > > I am having the same problem. One place I like, although not a > substitute, is www.excite.com. From there they link you into > quicken. Enter the quote, then once on the next page, click on > Analysts and you can get some earnings estimates and a the past few > quarters. > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 20 May 1998 10:04:47 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] OBV/MF & Indices I would also add to Connie's fine technical observations that while at bigcharts and looking at any of the indexes, you may also want to select a weekly view of the various indexes and oscillators, especially MACD. Most of the trading authors I have read, start with a long term view of whatever investment vehicle they are observing. The weekly view of the MACD of the indexes implies peril, or at least a period of consolidation in a trading range. But that is speculation based on what I perceive is going to happen. There are no guarantees. Use your own intuition and judgement to draw your own conclusions. Frank Wolynski (Often wrong, plan accordingly) At 09:13 AM 5/20/98 -0400, Connie Mack Rea wrote: >Members-- > >Irrespective of the unsophistication of the OBV/MF/EMA, you might plug >in INDU and NASDAQ into BigCharts. You will be surprised at their >unsophisticated clarity and how closely they approximate sophisticated >indicators. > >Draw a trendline across the tops of the INDU for the last three months; >draw a line across the bottoms for the same period. You have a triangle >with a flat top and an ascending, higher lows bottom. Ordinarily, the >sooner price breaks out of such a triangle, the stronger the break. The >closer price gets to the apex, the less strong any breakout. > >If price doesn't hold and therefore makes a higher low [than the >preceding two lows], then the bottoms of those two preceding lows will >serve as resistance. In the short term a correction to the low of April >28, would not be serious. The next resistance would be April 1, but not >disastrous if there were no breach. > >Pull up MF and draw a trendline across the tops for a similar period; >notice that there is a negative divergence between price and MF. > >Do the same with OBV. Here the reading is different. OBV is ragged but >tracking price. > >The red line of MACD hit the blue but didn't pass through; it is >correcting from a high [strong] level and is therefore not yet a >problem. > >The SlowSto has an interesting pattern. Notice the three completed >recovery bottoms and an approaching fourth bottom. From each of the >three, the INDU has recovered. The FastSto has had five recovery >bottoms and is approaching a sixth from which the recovery is not yet >determined. There is a hint that the blue line is flattening. In the >next two to three days, we ought to know more about this indicator. > >The VolumeAccumulation indicator is a bit less promising as you will see >with a couple of trendlines across the tops and bottoms of the last six >weeks. > >The Volume indicator for the last few days falls along with price. > >The Volume+ indicator can be similarly read. > >The EMA is approaching a third level sell. A bump down today will >confirm the sell. > >The SAR gave a first day sell yesterday. > >To see what the NASDAQ, or any other index, is doing, approach it with >trendlines and indicators. > >These are short term views, and ambiguous. They say that it is best to >hold off on purchases for a few days; and there is no reason to sell >yet. But be aware if your stock chart is tracking either index [or is >weaker than the index], then you would be quicker to exit [especially >if you have a nice profit] if the index continues to fall. > >A stock with positive divergence over the period of the index correction >ought to resist that correction; if the stock corrects more than the >index, you have lost the positive divergence influence and ought to be >suspicious of the next price rise in the stock. > >Connie Mack > > >- > > - - ------------------------------ Date: Wed, 20 May 1998 10:04:47 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] OBV/MF & Indices I would also add to Connie's fine technical observations that while at bigcharts and looking at any of the indexes, you may also want to select a weekly view of the various indexes and oscillators, especially MACD. Most of the trading authors I have read, start with a long term view of whatever investment vehicle they are observing. The weekly view of the MACD of the indexes implies peril, or at least a period of consolidation in a trading range. But that is speculation based on what I perceive is going to happen. There are no guarantees. Use your own intuition and judgement to draw your own conclusions. Frank Wolynski (Often wrong, plan accordingly) At 09:13 AM 5/20/98 -0400, Connie Mack Rea wrote: >Members-- > >Irrespective of the unsophistication of the OBV/MF/EMA, you might plug >in INDU and NASDAQ into BigCharts. You will be surprised at their >unsophisticated clarity and how closely they approximate sophisticated >indicators. > >Draw a trendline across the tops of the INDU for the last three months; >draw a line across the bottoms for the same period. You have a triangle >with a flat top and an ascending, higher lows bottom. Ordinarily, the >sooner price breaks out of such a triangle, the stronger the break. The >closer price gets to the apex, the less strong any breakout. > >If price doesn't hold and therefore makes a higher low [than the >preceding two lows], then the bottoms of those two preceding lows will >serve as resistance. In the short term a correction to the low of April >28, would not be serious. The next resistance would be April 1, but not >disastrous if there were no breach. > >Pull up MF and draw a trendline across the tops for a similar period; >notice that there is a negative divergence between price and MF. > >Do the same with OBV. Here the reading is different. OBV is ragged but >tracking price. > >The red line of MACD hit the blue but didn't pass through; it is >correcting from a high [strong] level and is therefore not yet a >problem. > >The SlowSto has an interesting pattern. Notice the three completed >recovery bottoms and an approaching fourth bottom. From each of the >three, the INDU has recovered. The FastSto has had five recovery >bottoms and is approaching a sixth from which the recovery is not yet >determined. There is a hint that the blue line is flattening. In the >next two to three days, we ought to know more about this indicator. > >The VolumeAccumulation indicator is a bit less promising as you will see >with a couple of trendlines across the tops and bottoms of the last six >weeks. > >The Volume indicator for the last few days falls along with price. > >The Volume+ indicator can be similarly read. > >The EMA is approaching a third level sell. A bump down today will >confirm the sell. > >The SAR gave a first day sell yesterday. > >To see what the NASDAQ, or any other index, is doing, approach it with >trendlines and indicators. > >These are short term views, and ambiguous. They say that it is best to >hold off on purchases for a few days; and there is no reason to sell >yet. But be aware if your stock chart is tracking either index [or is >weaker than the index], then you would be quicker to exit [especially >if you have a nice profit] if the index continues to fall. > >A stock with positive divergence over the period of the index correction >ought to resist that correction; if the stock corrects more than the >index, you have lost the positive divergence influence and ought to be >suspicious of the next price rise in the stock. > >Connie Mack > > >- > > - - ------------------------------ Date: Wed, 20 May 1998 14:18:02 GMT From: perinvm@ibm.net (Gui) Subject: [CANSLIM] To those who subscribed to DailyGraphs Online To those who subscribed to DGO with Credit Card. Today doing a routine check on the files on my computer I found in the Dlygraph directory several files containing ALL my personal and Credit Card details IN THE CLEAR. I din't like that in the least. Be advised. Gui - - ------------------------------ Date: Wed, 20 May 1998 09:27:32 -0400 From: Ari Lawson Subject: Re: [CANSLIM] Dump this thread! (was market indicator) DCSquires wrote: > > << Does the subjective provide with > some sense of security while you trade the "M"? Fine. >> > > << But, objectively speaking, did the subjective get you out of the "M" in > January and > October 1997? If not, why not? >> > > << Why is it so hard for you to acknowlege that you have strayed so far > from CANSLIM? Nothing to be defensive or ashamed about, right? >> > > << Fine, just fess up to it and be proud of it. You are proud of it, I > assume?>> > > Jeffry, > > While I may agreed with many of the things you said about "M" I think you are > kind of browbeating Tom with this line of questioning. Tom has already stated > on a number of occations that his CS approach is not pure. It's more > fundemental and maybe more subjective and he likes low priced stocks...yada > yada. Big Deal! That doesn't make his imput any less useful. One of the best > features of CS is that its many good attributes can be molded into a personal > approach that works for each individual while still giving this individual an > edge. I happen to find Tom's comments and your comments very > useful............so maybe we should just drop it. > > DSquires > > -I agree! - - ------------------------------ Date: Wed, 20 May 1998 10:39:07 -0400 From: Ari Lawson Subject: Re: [CANSLIM] To those who subscribed to DailyGraphs Online Gui, How do you look at the DGO directory? THANKS - - ------------------------------ Date: Wed, 20 May 1998 17:52:30 +0300 From: "David S. Pinhasik" Subject: Re: [CANSLIM] Dump this thread! (was market indicator) Just to lighten things up, this thread reminds me of a Monty Python skit where a politician says "I am sick and tired of being told that ordinary decent people in this country are fed up with being sick and tired. I am certainly not, and I am sick and tired of being told that I am." David - -----Original Message----- From: Ari Lawson To: canslim@lists.xmission.com Date: =E9=E5=ED =F8=E1=E9=F2=E9 20 =EE=E0=E9 1998 17:33 Subject: Re: [CANSLIM] Dump this thread! (was market indicator) >DCSquires wrote: >> >> << Does the subjective provide with >> some sense of security while you trade the "M"? Fine. >> >> >> << But, objectively speaking, did the subjective get you out of the "= M" in >> January and >> October 1997? If not, why not? >> >> >> << Why is it so hard for you to acknowlege that you have strayed so fa= r >> from CANSLIM? Nothing to be defensive or ashamed about, right? >> >> >> << Fine, just fess up to it and be proud of it. You are proud of it, I >> assume?>> >> >> Jeffry, >> >> While I may agreed with many of the things you said about "M" I think = you are >> kind of browbeating Tom with this line of questioning. Tom has already stated >> on a number of occations that his CS approach is not pure. It's more >> fundemental and maybe more subjective and he likes low priced stocks...yada >> yada. Big Deal! That doesn't make his imput any less useful. One of th= e best >> features of CS is that its many good attributes can be molded into a personal >> approach that works for each individual while still giving this individual an >> edge. I happen to find Tom's comments and your comments very >> useful............so maybe we should just drop it. >> >> DSquires >> >> -I agree! > > > >- > > - - ------------------------------ End of canslim-digest V2 #246 ***************************** 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.