From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #278 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, June 11 1998 Volume 02 : Number 278 In this issue: [CANSLIM] Increased e-mails [CANSLIM] All of Asia closed down Re: [CANSLIM] FTIC, PMCO--Greg [CANSLIM] Fwd - Software Vandals and Thieves Re: [CANSLIM] Listserve Help [CANSLIM] stocks Re: [CANSLIM] FTIC, PMCO--Greg Re: [CANSLIM] FTIC, PMCO [TA comment on ibid. Connie] Re: [CANSLIM] stocks Re: [CANSLIM] stocks [Bill] Re: [CANSLIM] Increased e-mails Re: [CANSLIM] FTIC, PMCO [TA comment on ibid. Connie] Re: [CANSLIM] RXSD SYMX [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you don't want it Re: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you don't want it [CANSLIM] Clear Station Re: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you don't want it Re: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you don't want it Re: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you do Re: [CANSLIM] Clear Station [CANSLIM] ABAG: TA & CS [Connie] [CANSLIM] "M" by any other name: TA [Connie] Re: [CANSLIM] Clear Station Re: [CANSLIM] Clear Station ---------------------------------------------------------------------- Date: Wed, 10 Jun 1998 09:27:51 -0400 (EDT) From: "Surindra J. Singh" Subject: [CANSLIM] Increased e-mails I was gone for the weekend and was surprised to the the number of e-mails from CANSLIM list. I did not have time to read all that, but as I recall the M of cansliM went way up whenever the number of e-mail was higher than usual. If that is true, the market is shooting up ;). It is sad though most of the mail was related to Tom/Jeffery stuff. I noticed Tom is not posting and probably is again self-exiled himself. Are you there Tom? Have a nice day. Surindra - - ------------------------------ Date: Wed, 10 Jun 1998 06:29:06 -0700 From: "Ken Davidson" Subject: [CANSLIM] All of Asia closed down Since there are 0 messages I thought I would send one. 6/10/98 9:25 est. As suspected the market is going to start down today but not because of Allan Greenspan speaking at 11:00 est. It is because every Asia country overseas closed down last night and by alot. Hong Kong was down -5%, South Korea -4%, Japan down -1%, Indonesia -1%, Taiwan, Thailand -5%, etc etc. The main point is that they were all down. Globex S & P 500 futures closed down -3.90 points. Because futures closed a point below cash fair value yesterday were going to see a down open here. Nasdaq 100 Globex futures closed down even stronger at -9.75 points. Mr. Greenspan may now temper what he has to say to not rock the boat to much so we could still see the market make an attempt higher but right now were looking at a dismal open. Ken - - ------------------------------ Date: Wed, 10 Jun 1998 07:24:50 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] FTIC, PMCO--Greg <> God knows I've occupied enough bandwidth the past few days, but since no one's responded to your request, I'll give it my two cents. In a market environment such as this, constructive bases are rare as hen's teeth. But, IMO, buying off anything else carries a higher degree of risk. Actually, buying anything carries a high degree of risk. Yes, it's true that if you pick exactly the right stocks, you can make money in any kind of market. But one has to ask himself if he is particularly talented and skillful at picking exactly the right stocks at exactly the right time. This is not the time to find out. TA isn't going to help you much here as it can all change in a day. Yes, some people do buy or sell based on these patterns, but not nearly enough to affect the outcome. Therefore, the price activity leads the indicators, not the other way around. If all the indicators you follow are in your favor, the fundamenals are there, the base is constructive, and the stock is just beginning to break out, you may want to consider a half position, based on your timeframe, risk tolerance, objectivity, and discipline. Otherwise, though patience is a tough discipline, you may be better off just waiting it out. If you do decide to buy, ask yourself one question: what will the market have to do in order to prove to me that I was wrong in making this purchase (or shorting this stock)? And, of course, what will you do in that event? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 10 Jun 1998 06:54:52 -0800 From: Patrick Wahl Subject: [CANSLIM] Fwd - Software Vandals and Thieves Since this list has had a disagreement or two take place in public from time to time, I thought I would forward another dispute from another list I subscribe to to this list so everyone could see what happens when things really get out of hand. I thought this was pretty funny because of its extreme hostility, hopefully someone else will get a laugh out of it. By comparison we've had pretty polite exchanges. (names removed to protect the guilty parties, incidentally, discussion began over accusations of software piracy.) - ------- Forwarded Message Follows ------- From: To: "Michael Subject: Re: Software Vandals and Thieves Date: Tue, 09 Jun 1998 18:03:06 GMT On Tue, 09 Jun 1998 00:34:32 -0400, you wrote: >I am "shocked" to learn that those of you who have been illegally pirating >Omega software here for so long are worried about some "Rules" of the List. First off you Little F___ing Maggot! Let's get something straight right now!! I, personally DIDN'T PIRATE your piece of SH_T software! As a matter-of-fact, I haven't even seen it! However, I can't speak for ALL... BUT I would make a guess that you have just PISSED-OFF a whole bunch of people on this list, and all those people that they eventually end up sharing this story with! (the power of "word of mouth" is deadly!) Judging from what I've been reading here lately... I WOULDN'T WANT YOUR CRAP EVEN IF YOU PAID ME TO USE IT!! So to that end, this group has served it's purpose well! THANK YOU OMEGA LIST!! Not to mention the fact that, as a business "man", I CAN SEE YOUR TRUE COLORS, and I WOULD NEVER DO BUSINESS WITH A "PERSON" SUCH AS YOURSELF!! I really can't believe you were STUPID enough to solicit me for your crap software! You are the naive one, if you actually though I would be interested!! Oh yah... here's a prediction for you! I would BET that IF you're NOT out of business yet... YOU'RE DAYS ARE DEFINITELY NUMBERED! Chao, Babe! >To those illiterates who misread yesterdays comments about ETS, the bottom >line is that this little boys club is OVER. The FBI is now listening and >now has copies of EVERYTHING that has transpired on this list over the last >few weeks. Not only do you accuse ALL of us of STEALING your SH_T software, but now you have the gall to insult us by calling us 'illiterate'?? You, "sir", are a real piece of work!! The people of the OMEGA LIST may be many things, BUT "illiterate" is definitely NOT one of them! You obviously found that out for yourself, because they're "plucking you like a chicken"! BTW.... Here's a CLUE TO LIFE for you! YOU and your petty problems will get little more than a laugh from the FBI. Yes MORON, I have asked several of my friends who are affiliated with that agency in different capacities, and they told me, "Get Real!" I won't bother to repeat the other 'colorful' phrases they shared with me! Needless to say they were quite amused! What???? You think this is an "X-File" or something?? I'll call Mulder & Sculley for ya! Oh yah... TRUST ME, I ain't no 'LITTLE BOY'!! (no Viagra needs here, babe!) >Good luck to those of you who want to trash the hardworking Omega software >vendors you have stolen from. I wonder if they have BMI/Signal feeds in >jail for those involved found guilty. Again, YOU ACCUSE ME OF STEALING!! YOU really are, a piece of WORK!! YOU DO LIVE IN A FANTASY WORLD!! The last time I checked, the USA was STILL a nation based on FREE SPEECH, among many other unalienable rights! I don't know about the jail thing.... But maybe if we're all lucky the CFTC or NFA will nail YOU and put YOU where YOU belong, and you can answer THAT question for yourself! Good Luck, Babe! (be sure to let us know, OK!) >Take care guys and have fun with each other. This is obviously no place >for serious traders. OH GOODIE, I TAKE IT THAT MEANS YOU'RE FINALLY GOING AWAY!! I suppose that means, YOU'RE A "REAL TRADER"?? Now let me get this correct and in perspective... A REAL TRADER IS: 1) Someone who DOESN'T read the Omega List? 2) Someone who DOESN'T really trade... like yourself? (Go ahead... prove me wrong! Let's see your statements with ALL those trades from YOUR "system") 3) Someone who tries to "rip-off" and/or take advantage of new & inexperienced traders by sell them 'holy-grail' systems? 4) Someone who hides behind the misleading "title" of "Informational CTA"? What's that all about?? 5) Someone who acts like a raving lunatic in a public forum? 6) Someone who lives in such a fantasy world as to think the ENTIRE Federal Government is going to "jump at their beck & call"? WOW, I'm sure glad I'M NOT a REAL TRADER!! Thanks for pointing that out to me!! What's the matter "Mikeeee", No more colorful salutations?? Try this one: >Mikeee the Mesmeriser, Wanabe CTA, Wacko & Chief Coo-Coo of TeeESseeEYE >URL: http://www.federal-prison.org >E-mail: wanabe@spittingcontest.com Later Babe.... JMB - - ------------------------------ Date: Wed, 10 Jun 1998 09:18:51 -0600 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: Re: [CANSLIM] Listserve Help On Jun 9, 10:45am, James Adams wrote: > Subject: [CANSLIM] Listserve Help > I need to know how to go no-mail for a few days. > Thanks > James Adams......................Maysville, KY USA > http://www.cris.com/~jimadams/ > Internet Pager 1343361@pager.mirabilis.com > > > - - >-- End of excerpt from James Adams James, There is no way to stay subscribed, and turn off the mail. However, it is trival to unsubscribe and then resubscribe. To execute a list command, send email to: majordomo@xmission.com If you're subscribed to the canslim list and want to unsubscribe, in body of the email, write: unsubscribe canslim If you want to unsubscribe from the digest version of canslim, write: unsubscribe canslim-digest If you just want general help with the majordomo commands, write: help To re-subscribe, send email to the same address, and use "subscribe" instead of "unsubscribe". Regards, Jeff - - ------------------------------ Date: Wed, 10 Jun 1998 11:02:44 -0800 From: "Patrick Wahl" Subject: [CANSLIM] stocks The following stocks caught my eye when going through the DG this week. Not buys, but something to put on a watch list. Rexall Sundown (RXSD) eps 98, RS 89, GRS 89, Shares 68 mil. Makes nutritional supplements, vitamins. Seems to be consolidating in the 31-38 area, needs to base longer, but looks good. These two are marginal - Symx Systems (SYMX) EPS 69, RS 86, GRS 72, 6.5 millions shares. Makes integrated manufacturing, planning and financial software. Sometimes I see a stock where the EPS seems too low for the growth rate I can see in the year over year earnings growth, and this is one of them. Growing around 40% per quarter, but for some reason EPS is pretty low. Also, for some reason, every other quarter shows a big change in earnings, that is, last 4 quarters are .24, .08, .24, .09. C Cor Electonics (CCBL) EPS 87, RS 74, GRS 82. Sequential sales increases over the last year seem fairly anemic, but the chart looks ok (long flat base), and the EPS growth seems pretty good. - -------------------------- From time to time someone asks for an example of a cup and handle. I noticed one (after the fact) in the chart of Finish Line (FINL). Formed several months ago and then the stock broke out. No comments on the stock itself at this time. - - ------------------------------ Date: Wed, 10 Jun 1998 15:14:08 EDT From: Subject: Re: [CANSLIM] FTIC, PMCO--Greg Thanks Db! - - ------------------------------ Date: Wed, 10 Jun 1998 15:14:57 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] FTIC, PMCO [TA comment on ibid. Connie] Afternoon Greg-- May I make a couple of comments on your stocks that are useful to CS and traders? If you would pull up a 1-yr chart, you will see some fairly precise points that invite a trendline: Origination in February at about 11 and extending to the several touches in May and June. What is arbitrary is whether you wish to use that single down spike in May. Sometimes it is best to ignore spikes; sometimes not; here it doesn't matter. But always remember that trendlines are amenable to change [as seen below with FTIC ]when new information is added. One may follow trendlines religiously, but they are not sacred. Further, you may wish to look back to October; there you'll find a lot of activity around 11 that may be considered support. The trendline from May on is "cleaner" in that 11 seems to be fairly precise. But chart cleanliness is different from, say, Biblical cleanliness. Switch to a 2-mos chart with Volume+ in the lower screen. There is this to remember about certain spikes, both green and red. This spike is red though the volume was positive. The redness occurs in the presence of what would intuitively be thought greeness. Because the stock opened below the previous close and closed lower than the previous close, the volume is recorded as red, and therefore negative. There is, however, a counter intuitiveness that recognizes that this red spike is in reality green; i.e., the volume for that day, were it not influenced by the previous close, would be recorded as green. Indeed, the volume for the spike day was up volume. Were we able to have Time/Sales for this day, we could determine exactly how much of those 3,000,000 shares were up; and there was apparently more up than down volume. For a corrective view, pull up MF. There you can see that money was flowing into the stock, irrespective of the Volume+ chart. Look at the OBV. This indicator had shown positive divergence for almost a month; then came the enormous volume surge. The positive divergence appeared to be neutralized as the OBV falls back to the bottom of the chart. On the day of the surge, there were no buyers at prices of the previous day's close; not until price was lowered to 11 were buyers willing to step in. Were you to look at events just before the fall, you might discover what knocked the stock out of bed. However, OBV was not as bad as it looked. Pull up the Vol. Accum. screen. The spike is obvious, but the aberration has little effect on the stream of data to its right. Sellers came in the next two days, but they were of no moment; volume slackened and three days later the stock was higher than the close of the big down day. The action for the last two weeks does not look ominous. It does look ambiguous as the EMAs began to gather. On Tuesday a first level buy was given. That the few previous days were ambiguous is reason not to act on the first or second level buy. Today you want to look at a 1-day 5-min chart; look at all the indicators [OVB/MF/EMA/MACD/SloSto]. Information will be real time. As of 1:50, the 10.75-87 price is holding; the MACD and SloSto are improving; nothing unusual in volume. Still no need to hurry into the stock. We need to see what happens, especially in the last 30 minutes. Not axiomatic but worth noting is that the more times a support level holds, the stronger is that support. The same is true of resistance levels. Here the resistance looks to be at 12, 13, 14, and 15 1/2. If price closes below 10 7/8, you don't want to be on this bus. ===== FTIC: As of 2:15, the stock is down 1 1/4. The correction is uniform, nothing aberrant. Volume is declining with price. The MACD and SloSto are acting normally. There is support at about 16 3/4 [trendline across the May lows]. However, that trendline was broken in early June. The primary trendline across the May lows now becomes a secondary trendline; the primary trendline now is one drawn from the low in early May through the low in June. Here's a chance to draw in some further trendlines. Use a 3-mos chart. Draw a descending trendline from the high close in April across the high close on June 8. Tuesday's close settled above the trendline, which should serve as the low point of any correction in the next few days. Whether you now choose for support to be judged by the secondary trendline [two paragraphs above] or the trendline you just drew in the above paragraph is arbitrary. If you choose the former, that will provide an early exit if you choose to get out. If you choose the descending trendline, that you give you a later exit. Note, however, that in the next two or three days, it matters little which you choose, for the two trendlines are intersecting. If the stock retreats below the descending trendline in the next day or so, there may be a trading range setting up. This range will have for its top the descending trendline. For the bottom, draw a trendline from the low in early May through the low in early June. This will embrace a channel that would provide a trading range. You can see that if this were to be a trading channel and if you held for, say, another month, you would slowly lose more and more price. Investors, often, without realizing their stock has settled into a trading channel, have their hopes elevated for a few days as the stock rises to the top of the channel. Then these hopes are dashed as the stock begins its retreat to the bottom of the channel. Capital is whittled away because the investor did not see the trading channel. Bollinger bands are a species of trading channel. And envelopes set at 1 1/2 to 2 standard deviations are another species. It's 3:00. I need to see what is happening to my little jewels, a couple of which are acting more like cheap imitations. Connie Mack SACADS@aol.com wrote: > Someone please give me some input on these two. > > FTIC seems to be basing though not for as long a period as I'd like. It > popped 1 1/2 in the last hour of trading today. Though trading was below ADV > it's important (IMHO) that over half of the shares traded were in that last > hour. Could this be an elephant print or just some pygmie with a thick > wallet. On the TA side it appears to be a buy, sloscho, EMA's, MACD, Vol > Accum, and Vol + all appear positive. Opinions please. > > PMCO has some CANSLIM attributes but is far from pure. No real base to speak > of though TA indicators seems positive. Having a tough time deciding on this. > Someone had mentioned it (I think) in the not so distant past. > > I also want to thank whoever listed ABAG. I've placed it on my watch list and > will attempt to do more research tonite. > > Greg > > - - - ------------------------------ Date: Wed, 10 Jun 1998 12:43:54 -0700 From: wgs@earthlink.net Subject: Re: [CANSLIM] stocks Interesting to note that during the months of Dec/Jan, the OBV/MF track showed a bullish divergence, signalling a breakout some 4 months ahead of the cup and handle formation. I would think that this type of a coincidence is rare, though. Bill-->> Patrick Wahl wrote: > -------------------------- > > >From time to time someone asks for an example of a cup and handle. I > noticed one (after the fact) in the chart of Finish Line (FINL). > Formed several months ago and then the stock broke out. No comments > on the stock itself at this time. > > - - - ------------------------------ Date: Wed, 10 Jun 1998 16:30:59 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] stocks [Bill] Bill-- You're quite right. And there was a further positive divergence in July and August. Did you notice that the 3/7/10 gave a buy in February that was live until the last of April. Just sit tight and let the money roll in. After that, you had to earn your money the old fashioned way. That's the kind of run that will put a new car in the garage or put an overhaul on the old Bonanza. Connie Mack wgs@earthlink.net wrote: > Interesting to note that during the months of Dec/Jan, the OBV/MF track > showed a bullish divergence, signalling a breakout some 4 months ahead > of the cup and handle formation. I would think that this type of a > coincidence is rare, though. > > Bill-->> > > Patrick Wahl wrote: > > -------------------------- > > > > >From time to time someone asks for an example of a cup and handle. I > > noticed one (after the fact) in the chart of Finish Line (FINL). > > Formed several months ago and then the stock broke out. No comments > > on the stock itself at this time. > > > > - > > - - - ------------------------------ Date: Wed, 10 Jun 1998 20:10:48 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Increased e-mails yep, busy studying charts, testing my new MACD "drumroll", trading more than I ever did before, and having fun for a change. Tom W - -----Original Message----- From: Surindra J. Singh To: canslim@lists.xmission.com Date: Wednesday, June 10, 1998 9:24 AM Subject: [CANSLIM] Increased e-mails >I was gone for the weekend and was surprised to the the number of e-mails >from CANSLIM list. I did not have time to read all that, but as I recall >the M of cansliM went way up whenever the number of e-mail was higher than >usual. If that is true, the market is shooting up ;). > >It is sad though most of the mail was related to Tom/Jeffery stuff. I >noticed Tom is not posting and probably is again self-exiled himself. Are >you there Tom? > >Have a nice day. > > >Surindra > > >- > - - ------------------------------ Date: Wed, 10 Jun 1998 17:23:31 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] FTIC, PMCO [TA comment on ibid. Connie] <> Having a little trouble here. I don't see the spike as "really" green. I see it as "really" red because in all those three million shares there wasn't enough demand to push the stock above the previous day's close. One could argue that this is only one day and that the volume for the day was, in fact, "up". But a weekly chart shows the spike as red as well. The red spike is supposed to reflect the relationship between supply and demand, and, in this case, it seems to do so since the stock's descent continues. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 10 Jun 1998 18:45:51 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] RXSD SYMX Good news in SYMX yesterday and it didn't budge. the M just isn't there. Great dry-up in volume on this base however. RXSD looks like a double bottom and it wants badly to break out, check out the action on the previous 2 trding days when M was middlin'. SYMX has much stronger CASLI numbers IMHO. I rode RXSD for a nice little gain but now I have better candidates for getting back into. At 11:02 AM 6/10/98 -0800, you wrote: >The following stocks caught my eye when going through the DG this >week. Not buys, but something to put on a watch list. > >Rexall Sundown (RXSD) eps 98, RS 89, GRS 89, Shares 68 mil. Makes >nutritional supplements, vitamins. Seems to be consolidating in the >31-38 area, needs to base longer, but looks good. > >These two are marginal - > >Symx Systems (SYMX) EPS 69, RS 86, GRS 72, 6.5 millions shares. >Makes integrated manufacturing, planning and financial software. > >Sometimes I see a stock where the EPS seems too low for the growth >rate I can see in the year over year earnings growth, and this is one >of them. Growing around 40% per quarter, but for some reason EPS is >pretty low. Also, for some reason, every other quarter shows a big >change in earnings, that is, last 4 quarters are .24, .08, .24, .09. > >C Cor Electonics (CCBL) EPS 87, RS 74, GRS 82. >Sequential sales increases over the last year seem fairly anemic, but >the chart looks ok (long flat base), and the EPS growth seems pretty >good. > >-------------------------- > >>From time to time someone asks for an example of a cup and handle. I >noticed one (after the fact) in the chart of Finish Line (FINL). >Formed several months ago and then the stock broke out. No comments >on the stock itself at this time. > >- > > > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Wed, 10 Jun 1998 21:50:34 -0400 From: "Tom Worley" Subject: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you don't want it Ken Davidson already mentioned the selloff last night in the Asian mkt (which I also saw, and led to me entering my buy orders today as limits off the bid with one executed and one nothing done). This continued in the European mkt this morning, and followed thru by the sell off in the "Americas" mkt today (yeah, I realize, it's egocentric to consider the US mkt the "today" factor, but that's where I'm at, and my frame of reference). I previously mentioned my concern over the Latin American mkt erosion, and today was no different. Brazil was down over 4.8%, and all other mkts were down over 1% except the US, down only .5% in late trading. Early returns from Asia tonight show a continuing pattern. Australia and New Zealand continue to fall, in part due to the weak foreign exchange rates (new 12 year low for Australia yesterday or day before to the US dollar). Japan is now down another 1.3% (yen continues at 7 year low to the dollar, with no serious threat of intervention by Japan, much less supported by G7), Singapore down 1.6%, S. Korea still holding "strong" at only down 0.3%, and Taiwan down 0.7%. My conclusion: it's still too early to start "bottom fishing" the Asian stocks. On oil, stocks and inventory remain high, while demand fails to meet expectations. And production cuts by other nations fail to sig eat away at the supply/demand/inventory factors. So far, there continues to be too much example of countries saying they will cut, then exceeding production. And Iraq just went online with its third phase of "oil for humanitarian aid" production. With the Asian economy in the dumper, it's unlikely we will see any swift pickup in the demand side of the equation. Noteworthy in today's US trading was the strength of the US bond mkt. Sure glad I have an adjustable mortgage, even if it's indexed to the 11th District. Even tho we are on the verge of breaking, once again, all time record low yields on the US Treasury 30 bond, it still appears somewhat artificial due to "safe haven" buying, same reason for the Dow Industrial 30 to be so volatile lately. Speaking of which, I frankly can't explain the selloff this afternoon in both NYSE and Nasdaq (esp tech stocks) after the Greenspeak which didn't scare anyone, and probably reassured some. Certainly most mkt indexes turned positive after it was apparent there were to be no surprises or "scares". Good luck investing, short or long. Tom W - - ------------------------------ Date: Wed, 10 Jun 1998 19:11:08 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you don't want it DOW selloff was due to Phillip Morris down 10% or so on the news that the FL judge ruled against the tobacco co. Too bad the DOW can get jerked around so much by one stock, but then again it's their fault for only having 30 industrials! At 09:50 PM 6/10/98 -0400, you wrote: >for the Dow Industrial 30 to be so volatile lately. Speaking of which, >I frankly can't explain the selloff this afternoon in both NYSE and >Nasdaq (esp tech stocks) after the Greenspeak which didn't scare >anyone, and probably reassured some. Certainly most mkt indexes turned >positive after it was apparent there were to be no surprises or >"scares". > >Good luck investing, short or long. > >Tom W > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Wed, 10 Jun 1998 19:19:57 -0700 (PDT) From: rolatzi Subject: [CANSLIM] Clear Station Folks: I just signed up for clear station today. I'm not sure when they will charge or how much but apparently it is in free beta testing now. My first impressions are positive. It allows you to have a portfolio and watch list. It gives you written indicators of changes that can be associated with moves like, new high, MACD crossing, stochastic minimum etc. The charts are very clear. The top chart is the price graph with high low and close. The price bars are in green and red, according to some proprietary formula they use. If the stock hits a 52 week price high, the bar is drawn in blue. The 50 day EMA is in purple and the 13 day EMA is in green. The graphs also feature green and red bars on top of the graph which map the MACD indicatorThe darker the shade of the green, the stronger the trend. If the stock is in your portfolio there will be a blue circle at the date and price that you purchased. Below the price chart is a volume plus chart, below that is the MACD, below that the MACD crossing, below that the stochastics chart. You can quickly cycle through all of the stocks in your watch list or portfolio. There is apparently no fundemental data available but there is an interesting series of tutorials on how to read the charts. the URL is http://www.clearstation.com. I have no financial interest in it. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 10 Jun 1998 19:27:26 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you don't want it <> May have something to do with the earnings warnings and the possibility that the Street is finally beginning to pay attention. The Dow, S&P and NYSE have all been banging their heads against the same ceiling for three days now. The Naz is having trouble exceeding the previous high set on the 28th. This may have something to do with the H&S neckline or it may just be coincidence (it's also the level of the 50d EMA). But it's resistance, at least for the time being. The charts are giving "wide and loose" a whole new meaning. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 10 Jun 1998 22:32:07 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you don't want it Actually, Tim, I think that's an over simplification. The 1 7/8 drop in MO (down 4.7%) did affect the Dow 30, but so did the 2 point drop in IBM and the 1.125 drop in HWP. CHV and XON were both down on the oil reports, while JPM was up on the strong bond mkt. MO's drop didn't contribute that much overall, it really was a mixed bag, and disturbing because this is where the "safe haven" money had been fleeing. This was a pretty sharp reversal in the face of growing negative sentiment, and a reluctance to invest ahead of Greenspan's testimony. REMINDER - THIS IS NOT "M", JUST NOISE. Tom W - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Wednesday, June 10, 1998 10:07 PM Subject: Re: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you don't want it >DOW selloff was due to Phillip Morris down 10% or so on the news that the FL >judge ruled against the tobacco co. Too bad the DOW can get jerked around so >much by one stock, but then again it's their fault for only having 30 >industrials! > >At 09:50 PM 6/10/98 -0400, you wrote: >>for the Dow Industrial 30 to be so volatile lately. Speaking of which, >>I frankly can't explain the selloff this afternoon in both NYSE and >>Nasdaq (esp tech stocks) after the Greenspeak which didn't scare >>anyone, and probably reassured some. Certainly most mkt indexes turned >>positive after it was apparent there were to be no surprises or >>"scares". >> >>Good luck investing, short or long. >> >>Tom W >> >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > - - ------------------------------ Date: Wed, 10 Jun 1998 19:49:55 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Markets - Not "M" - not CANSLIM = delete if you do > From: "Tom Worley" > Actually, Tim, I think that's an over simplification. The 1 7/8 drop > in MO (down 4.7%) did affect the Dow 30, but so did the 2 point drop > in IBM and the 1.125 drop in HWP. CHV and XON were both down on the > oil reports, while JPM was up on the strong bond mkt. MO's drop didn't Don't forget MMM down 4 or so. - - ------------------------------ Date: Thu, 11 Jun 1998 13:23:14 +0200 From: alex Subject: Re: [CANSLIM] Clear Station Thanks rolatzi... great site. I don't know how much one can trust their tag&bag stocks but it's very nice for people who don't have charting or portfolio software at home. I might just switch over my account-tracking from MS investor. Bye, Alex rolatzi wrote: ..... clip/clap/cut... > You can quickly cycle through all of the stocks in your watch list or > portfolio. There is apparently no fundemental data available but > there is an interesting series of tutorials on how to read the charts. > > the URL is http://www.clearstation.com. I have no financial interest > in it. - - ------------------------------ Date: Thu, 11 Jun 1998 07:46:12 -0400 From: Connie Mack Rea Subject: [CANSLIM] ABAG: TA & CS [Connie] Members-- Someone mentioned ABAG a day or so ago as a CS candidate to watch. The stock also has OBV/MF criteria that give further implications of strength. It is a bit late to get in on this run, but on a correction it looks sound. I notice that just a few of us are doing most of the posting recently. This seems to happen when the market is acting up. Even though such times are hard on investors--especially those just beginning--it is also a time to float further questions. None of us were such hot shots--or are such hot shots--that we haven't had the same feelings and worries about the market. Always try to learn why things have gone well or awry. Soon you'll be the one who can advise others. Connie Mack - - ------------------------------ Date: Thu, 11 Jun 1998 09:16:32 -0400 From: Connie Mack Rea Subject: [CANSLIM] "M" by any other name: TA [Connie] Members-- For a feel of market strength, you might wish to look at some indicators that I follow. These are not available on BC, but they are commonly available on most software packages. On BC, you can always punch in INDU and NASDAQ and run all indicators against each of them. Indicators worth looking at: Zweig Breadth Index Cumulative Volume Index McCellan Summation McCellan Oscillator % Above 200 MA % 1 channel above 200 MA 52-wk High/Low Ratio There is more worry than promise in these indicators. I am going to 25% long and 25% short in the next few days. For the very short term, the MACD and SloSto for INDU and NASDAQ appear willing to let you take away a little money. Over the longer term, you may have to work hard to make money long. Connie Mack - - ------------------------------ Date: Thu, 11 Jun 1998 06:19:25 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] Clear Station I have been a Beta tester for a few months and my comments to them were to drop the Tag & Bag or else refine it, since I can get the same list of stocks from Big Charts, and I wouldn't want to wade through them anyway since they are _usually_ one-day shots or one-week wonders like KTEL. I think their portfolio tracking needs a bit of work too. Yahoo does a better job IMHO. I am working on them to get some CANSLIM fundies up there and a searchable database for the important numbers. There is a fundies report but it's hard to find, horribly formatted, and lacking in detail. At 01:23 PM 6/11/98 +0200, you wrote: >Thanks rolatzi... great site. > >I don't know how much one can trust their tag&bag stocks but it's very >nice for people who don't have charting or portfolio software at home. I >might just switch over my account-tracking from MS investor. > >Bye, >Alex > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 11 Jun 1998 13:47:34 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Clear Station On Thu, 11 Jun 1998 06:19:25 -0700 (PDT), you wrote: :I have been a Beta tester for a few months and my comments to them were = to :drop the Tag & Bag or else refine it, since I can get the same list of :stocks from Big Charts, and I wouldn't want to wade through them anyway :since they are _usually_ one-day shots or one-week wonders like KTEL. I :think their portfolio tracking needs a bit of work too. Yahoo does a = better :job IMHO. I am working on them to get some CANSLIM fundies up there and = a :searchable database for the important numbers. There is a fundies report= but :it's hard to find, horribly formatted, and lacking in detail.=20 I just registered and set up a portfolio. It does suffer in comparison to Yahoo's portfolio tracking, considerably...at least at first glance. But then, Yahoo's is awesome, to be sure. Where is the "hard to find" fundies report? Dan - - ------------------------------ End of canslim-digest V2 #278 ***************************** 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.