From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2746 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 Wednesday, August 7 2002 Volume 02 : Number 2746 In this issue: Re: [CANSLIM] cup w/o handle, churning Re: [CANSLIM] cup w/o handle Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] Re: [CANSLIM] cup-without-handle; "tightness" questions ---------------------------------------------------------------------- Date: Wed, 7 Aug 2002 23:15:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] cup w/o handle, churning This is a multi-part message in MIME format. - ------=_NextPart_000_00CB_01C23E68.47B17BD0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Charley, for me the key in applying CANSLIM is knowing the rules well = enough that when I violate any rule (and I do that quite often), I at = least know that I am violating a rule, and increasing my risks = accordingly. - ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:06 PM Subject: Re: [CANSLIM] cup w/o handle, churning Ann: You have made a very important point. Of necessity, WON has to = include many of the characteristics of good fundamental and technical = stock selection in his writings. However, all of these traits do not = have to apply to every situation every time. It seems to me as students = we should try to learn all of the rules and guidelines, but instead of = applying them like an engineer, use them as an artist. The only way this = works is with practice and study.=20 Charley=20 - ------=_NextPart_000_00CB_01C23E68.47B17BD0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Charley, for me the key in applying CANSLIM is = knowing the=20 rules well enough that when I violate any rule (and I do that quite = often), I at=20 least know that I am violating a rule, and increasing my risks=20 accordingly.
 
----- Original Message -----=20
From: Chazmoore@aol.com=20
To: canslim@lists.xmission.com=
Sent: Wednesday, August 07, 2002 4:06 PM
Subject: Re: [CANSLIM] cup w/o handle, churning

Ann: You have = made a very=20 important point. Of necessity, WON has to include many of the = characteristics of=20 good fundamental and technical stock selection in his writings. However, = all of=20 these traits do not have to apply to every situation every time. It = seems to me=20 as students we should try to learn all of the rules and guidelines, but = instead=20 of applying them like an engineer, use them as an artist. The only way = this=20 works is with practice and study.
Charley = - ------=_NextPart_000_00CB_01C23E68.47B17BD0-- - - - -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: Wed, 7 Aug 2002 23:27:52 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] cup w/o handle rule of the markets # 1 - it's always easier to go down than up Murphy's Law of the Markets # 1 - if something can go wrong, it will corollary to Murphy's Law of the Markets #1 - if there is a worse way that something can go wrong, it will find it rule of the markets # 2 - it's faster going downhill than uphill - ----- Original Message ----- From: "zillagirl" To: Sent: Wednesday, August 07, 2002 4:41 PM Subject: Re: [CANSLIM] cup w/o handle Bill-thats great - I get that also!!!(I'm amazed) Can you tell me what would cause it to go into a double bottom, and not a handle? It seems that if it had the strength to climb all the way up the right side of the cup-it would not go all the way back down-it is even stranger with a triple bottom. Any thoughts? - ----- Original Message ----- From: "Bill Triffet" To: Sent: Wednesday, August 07, 2002 12:30 PM Subject: Re: [CANSLIM] cup w/o handle > Ann, > > I think the whole issue with the cup w/o a handle comes to this. Have all > the sellers finished selling? The problem with no handle is the chance of a > big pullback as the previous shareholder get out for good after sitting > through that darned cup. With a handle of lower volume, there is less risk > of a pullback. Most of the sellers are done IMO. > > So, I'm no expert at this but, I might want to see the volume dryup a bit as > it climbs the right side near the top - then increased volume as it breaks > to new ground. Add to that, the fundies had better be perfect for added > insurance against the lack of a handle. > > Note: I find the no handle issue fits with the double bottom charts better > as the stock's had ample time to shake out the sellers > > -Bill > > ----- Original Message ----- > From: "Ann" > To: > Sent: Wednesday, August 07, 2002 12:15 PM > Subject: Re: [CANSLIM] cup w/o handle > > > > Mike, > > > > Sorry if I'm missing something, but aren't you talking about cup With > > handle? > > Or are you saying that, in the cup With handle the drop in volume occurs > in > > the handle, and in the cup Without handle it occurs on the right side of > the > > cup (at least part of the time)? > > > > > > Ann > > > > ----- Original Message ----- > > From: "Mike Gibbons" > > To: > > Sent: Wednesday, August 07, 2002 2:35 PM > > Subject: RE: [CANSLIM] cup w/o handle, churning > > > > > > : Hi Ann, > > : > > : Perhaps the key to getting your understanding of this nailed is to > analyze > > : the phrase from your posting "but I had in my notes ... that the volume > > : should dry up on the R-side of a Cup-without-Handle." > > : > > : As I understand it, the volume should be above the 50 ADV on at least a > > few > > : days as it comes up the right side of the cup and those days should be > > : accompanied by a price increase. Once the handle has started to form, > you > > : now want the volume to drop below the 50 ADV on most days. In > particular, > > : you don't want to see above average volume accompanied by large downward > > : price moves, as this is a sign of weakness. (Katherine pointed this out > > : earlier). > > : > > : If you run the chart selector that I posted yesterday, you will see that > > the > > : stocks selected are given a CQ rating. This is a metric that attempts to > > : quantify the qualities I mentioned in the previous paragraph. (see my > > : earlier post today also). > > : > > : Aloha, > > : > > : Mike Gibbons > > : Proactive Technologies, LLC > > : http://www.proactech.com > > : > > : > > : -----Original Message----- > > : From: owner-canslim@lists.xmission.com > > : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann > > : Sent: Wednesday, August 07, 2002 6:49 AM > > : To: CANSLIM Listserv > > : Subject: [CANSLIM] cup w/o handle, churning > > : > > : > > : Thanks, Charley, Mike, Patrick, Nancy, Katherine, > > : > > : This is such a great list. It's amazing to be able to post questions and > > get > > : all these prompt and helpful replies. Thank you, all. > > : > > : My questions arose, when I was looking at the charts in Chapter 13 of > > : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of > the > > : charts point out "strong up weeks on big volume" on the R-side of the > cup, > > : but I had in my notes (possibly from Investors' Corner, as I think > Charley > > : suggests) that the volume should dry up on the R-side of a > > : Cup-without-Handle. > > : > > : But, as I look over all the charts (and these are charts that WON picked > > : because the stocks flew after breakout), no one chart has ALL the > > : characteristics you should look for. For example, in the CSCO chart (p. > > : 158), the RS line was not at an all-time high before the stock took off > in > > : '95. > > : > > : I guess the moral of the story is that you have to take a preponderance > of > > : indicators, and not just get stuck over one of them missing. (But then, > > that > > : "one" could later prove to be your downfall!! Alas!). > > : > > : Thanks again, > > : > > : Ann > > : > > : > > : - > > : -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. > > > > > > - > > -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. > - - - -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: Wed, 7 Aug 2002 23:30:24 -0400 From: "Chas" <1440lda@tm.net> Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes This is a multi-part message in MIME format. - ------=_NextPart_000_0120_01C23E6A.682E1060 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable If you will allow me to add my 2cents to this. When i was first on this = list and saw someone post a particular stock i became excited and put it = on my maybe list. As i read more and learned more my style of = selecting/screening for stocks changed. Now when there is a posting on a = particular stock or stocks and it also is on my maybe list, it just = means that whomever and i are "seeing" some simular qualities. Sometimes = a comment triggers a thought or changes the way i look at stocks and = that i believe is "more" important than a list. Regards Chas -----Original Message----- From: zillagirl To: canslim@lists.xmission.com Date: Wednesday, August 07, 2002 10:46 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes =20 =20 Katherine-I know I said my last post on the subject would be my = last, but please let me respond to your post. First , you know I = respect your knowledge greatly-as do others on the board and I hope you = see this post in the spirit it was meant and not argumentative. "need = to develop mining skills" That taught me a lot. "many ways to mine"- = that taught me more. " tools and methodology are discussed"- almost = always I do not understand. When Gene sent his list today - once more I = could not get it to show up on my screen and as always have not a clue = why. " Veterans wouldn't use it anyway" I can really see the importance = of all the veterans ignoring each others work even if the newcomers = would eat it up and learn a lot from it -a definite waste of time. = "Did not filter" - what the hell is that. "Uploading" what the hell is = that. Linking mechanism and no longer build an auto link" since they = go hand in hand-what the hell are they. I don't mean to be = disrespectful-If you feel that I am, you already have an apology of mine = on file. I just want you to see, one time, what this board looks like = through my eyes. I'm pretty sure that Chris and I are not the only ones = in this boat because you say three hundred people are on this list but = the same few people post over and over about stuff that I guess they = already know because they don't want to even discuss other peoples = stuff. Please forgive me but I am not an engineer, or a lawyer, or a = stockbroker. I'm just a plain ordinary girl trying to learn a trading = system and I am really thinking I am way out of my league on this = list. God Bless the ones that got the brains because apparently I am = not amongst them. From one of the other 275 people. Respectfully- = Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:12 PM Subject: RE: [CANSLIM] Hunting List (nee Watchlist) - Holy = Tomatoes =20 =20 Thanks, Gene....glad you feel that way. =20 I think the folks that would benefit most are the newbies (new = to CANSLIM, that is)....but they need to learn to develop their mining = skills as part of learning CANSLIM, so I think a weekly list would be = more of a crutch than a help. There are as many ways to mine for stocks = as there are fish in the sea, so finding a path that fits the person is = far more powerful. There's often discussion on the list devoted to tools = and methods for developing a personal watchlist and in the end is more = productive than simply posting a list. =20 The veterans have their own methodologies already in place and = wouldn't use it anyway. I don't pay attention to any of the lists that = are posted, but do get something out of the discussion on individual = stocks and more general CANSLIM and investing topics. =20 I've posted the hunting list several times before, but until the = 7/22 list, did not filter it for RS and relationship to 50 and 200 day = moving averages before uploading. More than anything, the list was = designed to provide links to charts and the CANSLIM evaluators and to = provide a starting point if anybody wanted to start their own permanent = personal watchlist. Unfortunately, IBD has changed their linking = mechanism and there is no longer a way to build an auto link to each = individual stock. My intent on 7/22 in filtering further for minimum = technicals was done as a way to create some focus on what *might* be = working given there had been some discussion on the list about that very = topic and that the market appeared to be groping for a bottom. =20 Katherine =20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes =20 =20 Katherine, I withdraw my request for you to post a weekly = 'hunting' list. =20 Gene - ------=_NextPart_000_0120_01C23E6A.682E1060 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
If you will allow me to add my = 2cents to this.=20 When i was first on this list and saw someone post a particular stock i = became=20 excited and put it on my maybe list. As i read more and learned more my = style of=20 selecting/screening for stocks changed. Now when there is a posting on a = particular stock or stocks and it also is on my maybe list, it just = means that=20 whomever and i are "seeing" some simular qualities. Sometimes = a=20 comment triggers a thought  or changes the way i look at stocks and = that i=20 believe is "more" important than a list.
Regards = Chas
-----Original = Message-----
From:=20 zillagirl <zillagirl@email.msn.com>To:=20 canslim@lists.xmission.com= =20 <canslim@lists.xmission.com= >
Date:=20 Wednesday, August 07, 2002 10:46 PM
Subject: Re: = [CANSLIM]=20 Hunting List (nee Watchlist) - Holy Tomatoes

Katherine-I know I said my last = post on the=20 subject would be my last, but please let me respond to your = post. =20 First , you know I respect your knowledge greatly-as do others on = the board=20 and I hope you see this post in the spirit it was meant and not=20 argumentative.   "need to develop mining = skills" =20 That taught me a lot.  "many ways to mine"- that = taught me=20 more.   " tools and methodology are discussed"- = almost=20 always I do not understand.  When Gene sent his list today - = once more=20 I could not get it to show up on my screen and as always have not a = clue=20 why. " Veterans wouldn't use it anyway"  I can = really=20 see the importance of all the veterans ignoring each others = work  even=20 if the newcomers would eat it up and learn a lot from it -a definite = waste=20 of time.   "Did not filter"  - what the = hell is=20 that.  "Uploading" what the hell is that.  = Linking=20 mechanism and no longer build an auto link"  since they go = hand in=20 hand-what the hell are they.  I don't mean to be = disrespectful-If you=20 feel that I am, you already have an apology of mine on file.  I = just=20 want you to see, one time, what  this board looks like through = my eyes.=20 I'm pretty sure that Chris and I are not the only ones in this boat = because=20 you say three hundred people are on this list but the same few = people post=20 over and over about stuff that I guess  they already know = because they=20 don't want to even discuss other peoples stuff.  Please forgive = me but=20 I am not an engineer, or a lawyer, or a stockbroker.  I'm just = a plain=20 ordinary girl trying to learn a trading system and I am=20 really thinking  I am  way out of my league on this = list. God=20 Bless the ones that   got the brains because apparently I = am not=20 amongst them.  From one of the other 275 people.  = Respectfully-=20 Nancy
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com
Sent: Wednesday, August = 07, 2002=20 4:12 PM
Subject: RE: [CANSLIM] = Hunting List=20 (nee Watchlist) - Holy Tomatoes

Thanks, Gene....glad you feel that way.
 
I think the folks that would benefit most are the newbies = (new to=20 CANSLIM, that is)....but they need to learn to develop their = mining=20 skills as part of learning CANSLIM, so I think a weekly list = would be=20 more of a crutch than a help. There are as many ways to mine for = stocks=20 as there are fish in the sea, so finding a path that = fits the=20 person is far more powerful. There's often discussion on = the list=20 devoted to tools and methods for developing a personal watchlist = and in=20 the end is more productive than simply posting a list.
 
The veterans have their own methodologies already in place = and=20 wouldn't use it anyway. I don't pay attention to any of the = lists that=20 are posted, but do get something out of the discussion on = individual=20 stocks and more general CANSLIM and investing topics.
 
I've posted the hunting list several times before, but = until the=20 7/22 list, did not filter it for RS and relationship to 50 and = 200 day=20 moving averages before uploading. More than anything, the list = was=20 designed to provide links to charts and the CANSLIM evaluators = and to=20 provide a starting point if anybody wanted to start their own = permanent=20 personal watchlist. Unfortunately, IBD has changed their linking = mechanism and there is no longer a way to build an auto link to = each=20 individual stock. My intent on 7/22 in filtering further for = minimum=20 technicals was done as a way to create some focus on what = *might*=20 be working given there had been some discussion on the list = about that=20 very topic and that the market appeared to be groping for a=20 bottom.
 
Katherine
 
----- Original Message -----=20
From: Gene = Ricci=20
Sent: Wednesday, August 07, 2002 4:43 PM
Subject: [CANSLIM] Hunting List (nee Watchlist) - = Holy=20 Tomatoes

Katherine, I withdraw my = request for you=20 to post a weekly 'hunting' list.
 
Gene
- ------=_NextPart_000_0120_01C23E6A.682E1060-- - - - -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: Wed, 7 Aug 2002 23:37:45 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] This is a multi-part message in MIME format. - ------=_NextPart_000_00F8_01C23E6B.6E94E630 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I don't know about dedicated, Katherine, more like I am just the last = one getting home from work. And I have learned the hard way (but keep = forgetting) to read all the responses first, before jumping on one = (since I usually read in time order) as often something I post late in = the evening has already been said by someone's post I eventually get to. I very much do agree with you, though, that this group is very good, and = patient, about answering reasonable questions related to CANSLIM. We = have a lot of contributors now (and we want more, lurkers take note!!!) = so it's hard to believe that any questions go unanswered. Shame on all = of us if that has been happening. - ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 8:36 PM Subject: [CANSLIM] Re: Learning curve [was: Hunting List (nee = Watchlist)] Kris, I'm confused by your comments, as I think the list has a good history of = answering questions when folks ask. There are times when we point = someone to a reference rather than rewrite what is already written, but = I don't recall seeing posts that don't get answered. If there are no = responses, there are a few folks who do a "sweep" and post a response, = Tom being the most dedicated at doing this. Do you have any specific questions that you've asked and haven't been = attended to? Where are your sticking points with CANSLIM? If you can = articulate them for us, we can get some threads going. Believe it or = not, there are about 300 people on this list. I'd be hard pressed to = believe that there wouldn't be somebody out there, lurkers included, who = couldn't step up and help you up the learning curve. Katherine - ----- Original Message -----=20 From: KrisFg@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 7:14 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Charley, I've read both books and both revisions of HTMMIS. I've also = spent many hours at the IBD Learning Center. I guess you've been = involved with CANSLIM for too long a time and have forgotten what it = took to get a feel for the concepts. I'm frustrated with the lack of = help when folks ask for it and then get rebuffed when their request = doesn't fit the mold. If you really believe that we can find the stocks = to watch do you then ask yourselves why we don't do it instead of = pleading for it? Yes, I'm on the outside looking in.=20 - ------=_NextPart_000_00F8_01C23E6B.6E94E630 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I don't know about dedicated, Katherine, more = like I am=20 just the last one getting home from work. And I have learned the hard = way (but=20 keep forgetting) to read all the responses first, before jumping on one = (since I=20 usually read in time order) as often something I post late in the = evening has=20 already been said by someone's post I eventually get = to.
 
I very much do agree with you, though, that this = group is=20 very good, and patient, about answering reasonable questions related to = CANSLIM.=20 We have a lot of contributors now (and we want more, lurkers take = note!!!) so=20 it's hard to believe that any questions go unanswered. Shame on all of = us if=20 that has been happening.
 
----- Original Message -----=20
From: Katherine Malm=20
Sent: Wednesday, August 07, 2002 8:36 PM
Subject: [CANSLIM] Re: Learning curve [was: Hunting List = (nee=20 Watchlist)]

Kris,
 
I'm confused by your comments, as I think the list has a good = history of=20 answering questions when folks ask. There are times when we point = someone to=20 a reference rather than rewrite what is already written, but I = don't recall=20 seeing posts that don't get answered. If there are no responses, = there are=20 a few folks who do a "sweep" and post a response, Tom being the most = dedicated=20 at doing this.
 
Do you have any specific questions that you've asked and haven't = been=20 attended to? Where are your sticking points with CANSLIM? If you can = articulate=20 them for us, we can get some threads going. Believe it or not, there are = about=20 300 people on this list. I'd be hard pressed to believe that there = wouldn't be=20 somebody out there, lurkers included, who couldn't step up and help you = up the=20 learning curve.
 
Katherine
 
----- Original Message -----=20
From: KrisFg@aol.com =
Sent: Wednesday, August 07, 2002 7:14 PM
Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Charley, I've read both books and both revisions of = HTMMIS.=20 I've also spent many hours at the IBD Learning Center. I guess you've = been=20 involved with CANSLIM for too long a time and have forgotten what it = took to get=20 a feel for the concepts. I'm frustrated with the lack of help when folks = ask for=20 it and then get rebuffed when their request doesn't fit the mold. If you = really=20 believe that we can find the stocks to watch do you then ask yourselves = why we=20 don't do it instead of pleading for it? Yes, I'm on the outside looking = in.=20 - ------=_NextPart_000_00F8_01C23E6B.6E94E630-- - - - -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: Wed, 7 Aug 2002 23:46:39 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee Watchlist)] This is a multi-part message in MIME format. - ------=_NextPart_000_010C_01C23E6C.ADFCEF60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kris, best suggestion / advice I have given to new investors to CANSLIM = is, of course, read and then study HTMMIS (preferably the 3rd edition = now that it has been released) and the 24 Lessons. Next, post a stock = you believe is worthy of CANSLIM discussion. Tell us both what strengths = and weaknesses you see in it. I guarantee that at least one or two = members (myself included) will look at the chart and give you feedback. Over the years, I have found that if 10 people look at exactly the same = chart, they will each have their own specific things they look for and = comment on. - ----- Original Message -----=20 From: KrisFg@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 9:10 PM Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List (nee = Watchlist)] Katherine, Nancy articulated my thoughts while I was struggling with my = post. - ---- My question is, what would be the harm of adding say the top two or = three stocks from each interested persons list( who would choose to = participate)-to be dissected by the group. A person like me who is = relatively new to canslim would probably have my stocks shot down right = away. =20 - -----But some of the smarter canslimers on the site, who have a lot more = time and knowledge, or computer savvy could probably pinpoint the = possible great ones from the O.K. ones easily, where I would never see = it at this point. =20 - ----- Bill Oneil said even he needed a 3 year learning curve before he = started to get the system and become profitable.=20 - ----- If the market turns in 6 months and leaders start to emerge in a = year or so- this type of brainstorming may give all boats a chance to = rise with the tide. Otherwise , any of us that haven't had the three = year curve may very well miss a great buying opportunity.=20 - -----I don't see how anyone would lose from sharing their = knowledge-where would we all be if Bill O. felt that way. Even he puts = out lists- =20 Please rid yourself of the thought that I would use a list as a crutch = instead of something to gather knowledge. Kris=20 - ------=_NextPart_000_010C_01C23E6C.ADFCEF60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kris, best suggestion / advice I have given to = new=20 investors to CANSLIM is, of course, read and then study HTMMIS = (preferably the=20 3rd edition now that it has been released) and the 24 Lessons. Next, = post a=20 stock you believe is worthy of CANSLIM discussion. Tell us both what = strengths=20 and weaknesses you see in it. I guarantee that at least one or two = members=20 (myself included) will look at the chart and give you = feedback.
 
Over the years, I have found that if 10 people = look at=20 exactly the same chart, they will each have their own specific things = they look=20 for and comment on.
 
----- Original Message -----=20
From: KrisFg@aol.com =
Sent: Wednesday, August 07, 2002 9:10 PM
Subject: Re: [CANSLIM] Re: Learning curve [was: Hunting List = (nee=20 Watchlist)]

Katherine, Nancy articulated my thoughts while I = was=20 struggling with my post.

---- My question is, what would be the = harm of=20 adding say the top two or three stocks from each  interested = persons=20 list( who would choose to participate)-to be dissected by the group. A = person=20 like me who is relatively new to canslim would probably have my stocks = shot down=20 right away. 
-----But some of the smarter canslimers on the = site,=20 who have a lot more time  and knowledge, or computer savvy = could=20 probably pinpoint the possible great ones from the O.K. ones easily, = where I=20 would never see it at this point.  
----- Bill Oneil said = even he=20 needed a 3 year learning curve before he started to get the system and = become=20 profitable.
----- If the market turns in 6 months and leaders start = to=20 emerge in a year or so- this type of brainstorming may give all boats a = chance=20 to rise with the tide.  Otherwise , any of us that haven't had the = three=20 year curve may very well miss a great buying opportunity.
-----I = don't see=20 how anyone would lose from sharing their knowledge-where would we all be = if Bill=20 O. felt that way. Even he puts out lists- 

Please rid yourself of the thought that I would use = a list as=20 a crutch instead of something to gather knowledge.

Kris=20 - ------=_NextPart_000_010C_01C23E6C.ADFCEF60-- - - - -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: Wed, 7 Aug 2002 23:55:31 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Thanks, Ann, I still have not had / made the time to study the 3rd edition, but will pay more attention to this when I do, as it's a pattern I had overlooked as even a possibility. - ----- Original Message ----- From: "Ann" To: Sent: Wednesday, August 07, 2002 10:42 PM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Hi, Tom, I've just read the 3rd edition of HTMMIS, and it's in there. On page 127, in the section called, "Basic Characteristics of Handle Areas" in the chapter called, "How to Read Charts Like an Expert and Improve your Stock Picks", WON says: "The formation of the handle area generally takes more than one or two weeks and has a downward price drift or shakeout...Volume will dry up noticeably near the lows in the handle's price pullback phase. "There are a few exceptions: Cups without handles have a somewhat higher failure rate, although many stocks do successfully advance without forming a handle. Also, some of the more volatile technology names in 1999 formed handles of only one or two weeks..." Also, in the chapter entitled, "Models of the Greatest Stock Market Winners: 1952-2001," where he shows model charts, there is a section, "Cup-Without-Handle Pattern," on pages 161-162, in which he shows 8 charts. "Cup-Without-Handle Pattern" is even an entry in the index!! In HTMMIS, 2nd ed., WON mentions cups without handles on page 164. I hope this helps! Ann - ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, August 07, 2002 10:26 PM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions : Patrick and Ann, : : I don't recall ever hearing about a handleless cup as a valid CANSLIM : pattern. Is this something only IBD sees, or can someone quote WON also : supporting this as a valid pattern? : : ----- Original Message ----- : From: "Patrick Wahl" : To: : Sent: Wednesday, August 07, 2002 12:30 PM : Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions : : : I don't know this for sure, but I think you might be referring to an article : where the : IBD pulled out an example of a stock that blasted off from a cup pattern : without first : forming a handle and said that not all stocks form a handle. This is the : sort of thing : that IBD does that I find a little questionable ( and Duke has been good at : pointing : this stuff out), and that is to do an after the fact analysis and justify it : on shaky : grounds. If a stock spiked up from a cup with no handle and then failed, I : could : easily see IBD saying -see, no handle, this is the sort of thing you have to : watch out : for, this stock should not have been bought. : : So I think the easy answer is that if it doesn't form a handle and takes : off, let it go, : wiat for the next one, you don't have to catch everything, look for the : sounder : pattern. : : On 7 Aug 2002 at 12:14, Ann wrote: : : > Maybe I didn't form my question right. How do I know, as the cup forms its : > right side and approaches the previous high, whether it's going to be a : cup : > with a handle or without a handle? What if I am waiting for a handle to : > form, but it doesn't form and goes straight to breaking out? Then it has : > formed a cup-without-handle, but I have missed the breakout. Or do you : just : > have to be there at the time it is breaking out or catch it within 5%? : : : : - : -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. : - - - -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. ------------------------------ End of canslim-digest V2 #2746 ****************************** 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.