From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3147 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 Friday, January 24 2003 Volume 02 : Number 3147 In this issue: RE: [CANSLIM] MSN Money Screener Search [CANSLIM] I hope she doesn't get embarrassed - but here I go again. ---------------------------------------------------------------------- Date: Fri, 24 Jan 2003 10:42:35 -0600 From: "Katherine Malm" Subject: RE: [CANSLIM] MSN Money Screener Search This is a multi-part message in MIME format. - ------=_NextPart_000_005C_01C2C395.4ED15400 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi John, I noticed in your reply to Fanus and in your comments here that you are wondering how to manage such a large number of stocks in the possible universe of CANSLIM candidates. The list that appears on my original CANSLIM hunting list is even larger than the 317 names you picked up from the MSN search, so I understand what you mean about the time it takes to review the charts. The advantage of a wide screen is that you don't arbitrarily limit the hunting field by being overly restrictive on particular filtering criteria. The disadvantage, of course, is that you get a boatload of stocks. I should probably clarify that, while I may look at all the charts in the universe at one time or another, I definitely don't sit down and review all 4 or 500 stocks at one sitting. I use the large pool of stocks as a chance to scout the area. I'll take the list and sort by industry, and will note which stocks are moving in and out of favor. That's an "ebb and flow" check on the market in general and is an unbiased view of what is currently working. When it gets down to the nitty gritty, I want to view only those charts that are most promising. So, yes, I use additional technical tools to tell me which stocks are moving into position day to day and view only those charts. For years I've used technical proxies from within VectorVest to do that, but our tools at cwhcharts are actually more specific and save an enormous amount of time over the more general proxies that I've had access to in the past. Most of the services that are available to CANSLIM investors such as DGO, HGS, Vectorvest, TC2000, etc. all have their own versions of tools that help to do that, the main thing is to find a methodical way to narrow the field. The other thing that I've always done is to keep good notes on where I've been already. That keeps me from going back to a stock that I've already eliminated either due to faulty fundamentals or faulty business models that give red flags during due diligence. While I think that an overly restrictive fundamental filter is anathema to CANSLIM investing, fundamentals are still crucial to selecting the best stocks. To that end, I've always looked at fundamentals in combination using an extensive if/then evaluation rather than a "cutoff" evaluation of any one fundamental factor. That lets me view the fundamentals and technicals in combination; that is, I am always looking at the preponderance of evidence. Those calculations are something that I've developed over time using a variety of sources and something that I've never shared with anybody, but they give a very quick way of eliminating certain stocks and narrowing the field to those that are worthy of a 15 second review of the charts. On the other hand, I think that the more charts one views, the better they get at being able to quickly discern a good quality setup from a poor quality set up. That's one reason why I continue to look at a lot of charts day to day, as practice is key. That's also the reason why I don't "grade" a chart per se and keep notes on the grading as Tom does in his Weekly Weeview. In other words, while I make a mental assessment as to the pattern and the condition of the stock, I rely on a fresh view of the chart from one time to the next to let me know if the stock is ready to pursue. All these things in combination are about "smart fishing." Know where the hottest spot is, probe where it's logical, and then set the pole down in the spots where there is the greatest probability of success. I see that as a lot smarter than being a good shot at a lousy target. Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Calkins Sent: Friday, January 17, 2003 2:12 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] MSN Money Screener Search Thank you Katherine for teaching me how to fish. Interestingly, of the 317 names that I found as you showed me, I used your CWH charts to look at each stock. I found a little more than half had charts that had bases worth concidering a closer look. But just going through each chart, with a high speed connection took me nearly 6 hours, a couple of hours each of 3 evenings. Would you recommend looking at a simpler, faster chart first like your link to bigcharts to get a quick pattern scan and start culling out the poor patterns from there? You said you didn't grade the chart patterns. If you don't somehow develope a pattern grading system, like at least Mike does in his Weekend Review, then how do you proceed from here? If I don't want to look at so many charts and you recommend that you like the U/D volume to be higher, would you recommed screening the U/D volume at say 1.5? Thanks JC ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Sunday, January 12, 2003 6:55 AM Subject: RE: [CANSLIM] MSN Money Screener Search Hi John, You won't be able to duplicate my results on MSN because my forward growth rates come from VectorVest and because I'm not sure how MSN calculates their Relative Strength Rankings. DGO, HGS and my site use a price weighted 12 month ranking which puts 40% of the weight on the most recent quarter and 20% weight on each of the preceding quarters. MSN, like DGO's screener, has an infuriating habit of limiting the number of results from any search to < 200. You'll have to break down a broad-based search like this into 2 parts to pick up all the stocks for RS>=60. Each time you run it, you have to check that the query has not cut off any of your results, then adjust the break point in the RS to accommodate a result of <200 stocks. This particular MSN clone search resulted in 317 names, so I'm afraid the overlap is not that great. In comparing my personal CANSLIM Hunting screen to the MSN screen below, there were 179 names in common, 332 names on my list but not on the MSN list, and 138 names on the MSN list but not on my Hunting list. I have used the "EPS Growth Next Yr" as a proxy for the VectorVest forward growth rate, but you might want to experiment a bit with their other available forward estimated growth rates such as "Next Yr Growth Rate." I have a friend who uses this particular field and sets is to a slightly lower rate (10-12.5 or so). EPS Growth Next Yr >= 15 Last Price >= 6 Avg. Daily Vol. Last Month >= 30000 Last Price >= 0.85*50-Day Moving Average Last Price >= 200-Day Moving Average 12-Month Relative Strength >= 60 12-Month Relative Strength <= 84 EPS Growth Next Yr >= 15 Last Price >= 6 Avg. Daily Vol. Last Month >= 30000 Last Price >= 0.85*50-Day Moving Average Last Price >= 200-Day Moving Average 12-Month Relative Strength >= 85 --Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Calkins Sent: Sunday, January 12, 2003 12:11 AM To: canslim@lists.xmission.com Subject: [CANSLIM] MSN Money Screener Search Katherine, Could you show me on how to replicate some of your screens on MSN. I'm not sure if I understand it's limitations. I don't think it will let me enter percentages. jc http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=SV1QF219Z04 L15ZF3Z04L6ZF114Z04L30000ZF253Z04L60ZF250Z03F250ZF251Z04F251Z&Name=KMclone1&Tick ers=200 - ------=_NextPart_000_005C_01C2C395.4ED15400 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi John,
 
I noticed in your reply to Fanus = and in your=20 comments here that you are wondering how to manage such a large number = of stocks=20 in the possible universe of CANSLIM candidates. The list that appears on = my=20 original CANSLIM hunting list is even larger than the 317 names you = picked up=20 from the MSN search, so I understand what you mean about the time it = takes to=20 review the charts. The advantage of a wide screen is that you don't = arbitrarily=20 limit the hunting field by being overly restrictive on particular = filtering=20 criteria. The disadvantage, of course, is that you get a boatload of = stocks. I=20 should probably clarify that, while I may look at all the charts in the = universe=20 at one time or another, I definitely don't sit down and review all 4 or = 500=20 stocks at one sitting.
 
I use the large pool of stocks as = a chance=20 to scout the area. I'll take the list and sort by industry, and will = note which=20 stocks are moving in and out of favor. That's an "ebb and flow" check on = the=20 market in general and is an unbiased view of what is currently working. = When it=20 gets down to the nitty gritty, I want to view only those charts that are = most=20 promising. So, yes, I use additional technical tools to tell me which = stocks are=20 moving into position day to day and view only those charts. For years = I've used=20 technical proxies from within VectorVest to do that, but our tools at = cwhcharts=20 are actually more specific and save an enormous amount of time over the = more=20 general proxies that I've had access to in the past. Most of the = services that=20 are available to CANSLIM investors such as DGO, HGS, Vectorvest, TC2000, = etc.=20 all have their own versions of tools that help to do that, the main = thing is to=20 find a methodical way to narrow the field. The other thing that I've = always done=20 is to keep good notes on where I've been already. That keeps me from = going back=20 to a stock that I've already eliminated either due to faulty = fundamentals or=20 faulty business models that give red flags during due diligence. While I = think=20 that an overly restrictive fundamental filter is anathema to CANSLIM = investing,=20 fundamentals are still crucial to selecting the best stocks. To that = end, I've=20 always looked at fundamentals in combination using an extensive if/then=20 evaluation rather than a "cutoff" evaluation of any one fundamental = factor. That=20 lets me view the fundamentals and technicals in combination; that = is, I am=20 always looking at the preponderance of evidence. Those calculations are=20 something that I've developed over time using a variety of sources and = something=20 that I've never shared with anybody, but they give a very quick way of=20 eliminating certain stocks and narrowing the field to those that are = worthy of a=20 15 second review of the charts.
 
On the other hand, I think that = the more=20 charts one views, the better they get at  being able to quickly = discern a=20 good quality setup from a poor quality set up. That's one reason why I = continue=20 to look at a lot of charts day to day, as practice is key. That's also = the=20 reason why I don't "grade" a chart per se and keep notes on the grading = as Tom=20 does in his Weekly Weeview. In other words, while I make a mental = assessment as=20 to the pattern and the condition of the stock, I rely on a fresh view of = the=20 chart from one time to the next to let me know if the stock is ready to = pursue.=20 All these things in combination are about "smart fishing." Know where = the=20 hottest spot is, probe where it's logical, and then set the pole down in = the=20 spots where there is the greatest probability of success. I see that as = a lot=20 smarter than being a good shot at a lousy target.
 
Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of John=20 Calkins
Sent: Friday, January 17, 2003 2:12 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] MSN Money = Screener=20 Search

Thank you Katherine for teaching me = how to=20 fish.  Interestingly, of the 317 names that I found as you showed = me, I=20 used your CWH charts to look at each stock.  I found a little = more than=20 half had charts that had bases worth concidering a closer look.  = But just=20 going through each chart, with a high speed connection took me nearly = 6 hours,=20 a couple of hours each of 3 evenings.  Would you recommend = looking at a=20 simpler, faster chart first like your link to bigcharts to get a quick = pattern=20 scan and start culling out the poor patterns from there?  You = said you=20 didn't grade the chart patterns. If you don't somehow develope a = pattern=20 grading system, like at least Mike does in his Weekend Review, then = how do you=20 proceed from here?  If I don't want to look at so many charts and = you=20 recommend that you like the U/D volume to be higher, would you = recommed=20 screening the U/D volume at say 1.5?
 
Thanks
 
JC
----- Original Message -----
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Sunday, January 12, = 2003 6:55=20 AM
Subject: RE: [CANSLIM] MSN = Money=20 Screener Search

Hi John,
 
You won't be able to duplicate = my=20 results on MSN because my forward growth rates come from VectorVest = and=20 because I'm not sure how MSN calculates their Relative = Strength Rankings. DGO, HGS and my site use a = price=20 weighted 12 month ranking which puts 40% of the weight on the most = recent=20 quarter and 20% weight on each of the preceding = quarters.
 
MSN, like DGO's = screener, has an=20 infuriating habit of limiting the number of results from any search = to <=20 200. You'll have to break down a broad-based search like this into 2 = parts=20 to pick up all the stocks for RS>=3D60. Each time you run it, you = have to=20 check that the query has not cut off any of your results, then = adjust the=20 break point in the RS to accommodate a result of <200 stocks. = This=20 particular MSN clone search resulted in 317 names, so I'm afraid the = overlap=20 is not that great. In comparing my personal CANSLIM Hunting screen = to the=20 MSN screen below, there were 179 names in common, 332 names on my = list but=20 not on the MSN list, and 138 names on the MSN list but not on my = Hunting=20 list. I have used the "EPS Growth Next Yr" as a proxy for the = VectorVest=20 forward growth rate, but you might want to experiment a bit with = their other=20 available forward estimated growth rates such as "Next Yr Growth = Rate." I=20 have a friend who uses this particular field and sets is to a = slightly lower=20 rate (10-12.5 or so).
 
EPS Growth = Next Yr >=3D=20 15Last Price >=3D = 6Avg. Daily Vol. = Last Month=20 >=3D 30000Last Price >=3D = 0.85*50-Day Moving=20 AverageLast Price >=3D = 200-Day Moving=20 Average12-Month Relative = Strength >=3D=20 6012-Month Relative = Strength <=3D=20 84EPS Growth Next Yr = >=3D=20 15Last Price >=3D = 6Avg. Daily Vol. = Last Month=20 >=3D 30000Last Price >=3D = 0.85*50-Day Moving=20 AverageLast Price >=3D = 200-Day Moving=20 Average
12-Month Relative Strength = >=3D=20 85
 
--Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of John=20 Calkins
Sent: Sunday, January 12, 2003 12:11 = AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] MSN Money = Screener=20 Search

Katherine,
 
Could you show me on how to = replicate some of=20 your screens on MSN.  I'm not sure if I understand it's=20 limitations.  I don't think it will let me enter=20 percentages.
 
jc
 
 
http://moneycentral.msn.com/= investor/invsub/finder/finderx.asp?Query=3DSV1QF219Z04L15ZF3Z04L6ZF114Z04= L30000ZF253Z04L60ZF250Z03F250ZF251Z04F251Z&Name=3DKMclone1&Ticker= s=3D200

- ------=_NextPart_000_005C_01C2C395.4ED15400-- - - - -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: Fri, 24 Jan 2003 11:12:27 -0600 From: "Edward W. Gjertsen II" Subject: [CANSLIM] I hope she doesn't get embarrassed - but here I go again. This is a multi-part message in MIME format. - ------=_NextPart_000_0085_01C2C399.7AEC8A10 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Just a kind word about Katherine - Of all the financial books, columns, and newsletters I read, she ranks as one of the most knowledgeable. For all the silent listeners out there - I hope you realize just how fortunate we all are to have her opinions and commentary. Thank you Katherine! Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Friday, January 24, 2003 10:43 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] MSN Money Screener Search Hi John, I noticed in your reply to Fanus and in your comments here that you are wondering how to manage such a large number of stocks in the possible universe of CANSLIM candidates. The list that appears on my original CANSLIM hunting list is even larger than the 317 names you picked up from the MSN search, so I understand what you mean about the time it takes to review the charts. The advantage of a wide screen is that you don't arbitrarily limit the hunting field by being overly restrictive on particular filtering criteria. The disadvantage, of course, is that you get a boatload of stocks. I should probably clarify that, while I may look at all the charts in the universe at one time or another, I definitely don't sit down and review all 4 or 500 stocks at one sitting. I use the large pool of stocks as a chance to scout the area. I'll take the list and sort by industry, and will note which stocks are moving in and out of favor. That's an "ebb and flow" check on the market in general and is an unbiased view of what is currently working. When it gets down to the nitty gritty, I want to view only those charts that are most promising. So, yes, I use additional technical tools to tell me which stocks are moving into position day to day and view only those charts. For years I've used technical proxies from within VectorVest to do that, but our tools at cwhcharts are actually more specific and save an enormous amount of time over the more general proxies that I've had access to in the past. Most of the services that are available to CANSLIM investors such as DGO, HGS, Vectorvest, TC2000, etc. all have their own versions of tools that help to do that, the main thing is to find a methodical way to narrow the field. The other thing that I've always done is to keep good notes on where I've been already. That keeps me from going back to a stock that I've already eliminated either due to faulty fundamentals or faulty business models that give red flags during due diligence. While I think that an overly restrictive fundamental filter is anathema to CANSLIM investing, fundamentals are still crucial to selecting the best stocks. To that end, I've always looked at fundamentals in combination using an extensive if/then evaluation rather than a "cutoff" evaluation of any one fundamental factor. That lets me view the fundamentals and technicals in combination; that is, I am always looking at the preponderance of evidence. Those calculations are something that I've developed over time using a variety of sources and something that I've never shared with anybody, but they give a very quick way of eliminating certain stocks and narrowing the field to those that are worthy of a 15 second review of the charts. On the other hand, I think that the more charts one views, the better they get at being able to quickly discern a good quality setup from a poor quality set up. That's one reason why I continue to look at a lot of charts day to day, as practice is key. That's also the reason why I don't "grade" a chart per se and keep notes on the grading as Tom does in his Weekly Weeview. In other words, while I make a mental assessment as to the pattern and the condition of the stock, I rely on a fresh view of the chart from one time to the next to let me know if the stock is ready to pursue. All these things in combination are about "smart fishing." Know where the hottest spot is, probe where it's logical, and then set the pole down in the spots where there is the greatest probability of success. I see that as a lot smarter than being a good shot at a lousy target. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Calkins Sent: Friday, January 17, 2003 2:12 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] MSN Money Screener Search Thank you Katherine for teaching me how to fish. Interestingly, of the 317 names that I found as you showed me, I used your CWH charts to look at each stock. I found a little more than half had charts that had bases worth concidering a closer look. But just going through each chart, with a high speed connection took me nearly 6 hours, a couple of hours each of 3 evenings. Would you recommend looking at a simpler, faster chart first like your link to bigcharts to get a quick pattern scan and start culling out the poor patterns from there? You said you didn't grade the chart patterns. If you don't somehow develope a pattern grading system, like at least Mike does in his Weekend Review, then how do you proceed from here? If I don't want to look at so many charts and you recommend that you like the U/D volume to be higher, would you recommed screening the U/D volume at say 1.5? Thanks JC - ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Sunday, January 12, 2003 6:55 AM Subject: RE: [CANSLIM] MSN Money Screener Search Hi John, You won't be able to duplicate my results on MSN because my forward growth rates come from VectorVest and because I'm not sure how MSN calculates their Relative Strength Rankings. DGO, HGS and my site use a price weighted 12 month ranking which puts 40% of the weight on the most recent quarter and 20% weight on each of the preceding quarters. MSN, like DGO's screener, has an infuriating habit of limiting the number of results from any search to < 200. You'll have to break down a broad-based search like this into 2 parts to pick up all the stocks for RS>=60. Each time you run it, you have to check that the query has not cut off any of your results, then adjust the break point in the RS to accommodate a result of <200 stocks. This particular MSN clone search resulted in 317 names, so I'm afraid the overlap is not that great. In comparing my personal CANSLIM Hunting screen to the MSN screen below, there were 179 names in common, 332 names on my list but not on the MSN list, and 138 names on the MSN list but not on my Hunting list. I have used the "EPS Growth Next Yr" as a proxy for the VectorVest forward growth rate, but you might want to experiment a bit with their other available forward estimated growth rates such as "Next Yr Growth Rate." I have a friend who uses this particular field and sets is to a slightly lower rate (10-12.5 or so). EPS Growth Next Yr >= 15 Last Price >= 6 Avg. Daily Vol. Last Month >= 30000 Last Price >= 0.85*50-Day Moving Average Last Price >= 200-Day Moving Average 12-Month Relative Strength >= 60 12-Month Relative Strength <= 84 EPS Growth Next Yr >= 15 Last Price >= 6 Avg. Daily Vol. Last Month >= 30000 Last Price >= 0.85*50-Day Moving Average Last Price >= 200-Day Moving Average 12-Month Relative Strength >= 85 - --Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Calkins Sent: Sunday, January 12, 2003 12:11 AM To: canslim@lists.xmission.com Subject: [CANSLIM] MSN Money Screener Search Katherine, Could you show me on how to replicate some of your screens on MSN. I'm not sure if I understand it's limitations. I don't think it will let me enter percentages. jc http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=SV1 QF219Z04L15ZF3Z04L6ZF114Z04L30000ZF253Z04L60ZF250Z03F250ZF251Z04F251Z &Name=KMclone1&Tickers=200 - ------=_NextPart_000_0085_01C2C399.7AEC8A10 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

Just a kind word about Katherine - = Of all the financial books, columns, and newsletters I read, she ranks as one = of the most knowledgeable.  For all the silent listeners out there – = I hope you realize just how fortunate we all are to have her opinions and = commentary.  Thank you Katherine!

 

Ed Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Friday, January 24, = 2003 10:43 AM
To: canslim@lists.xmission.com<= /span>
Subject: RE: [CANSLIM] = MSN Money Screener Search

 

Hi John,

 

I noticed in your reply to Fanus and in your = comments here that you are wondering how to manage such a large number of stocks = in the possible universe of CANSLIM candidates. The list that appears on my = original CANSLIM hunting list is even larger than the 317 names you picked up = from the MSN search, so I understand what you mean about the time it takes to = review the charts. The advantage of a wide screen is that you don't arbitrarily = limit the hunting field by being overly restrictive on particular filtering = criteria. The disadvantage, of course, is that you get a boatload of stocks. I should probably clarify that, while I may look at all the charts in the = universe at one time or another, I definitely don't sit down and review all 4 or 500 = stocks at one sitting.

 

I use the large pool of stocks as a chance to = scout the area. I'll take the list and sort by industry, and will note which = stocks are moving in and out of favor. That's an "ebb and flow" check = on the market in general and is an unbiased view of what is currently working. = When it gets down to the nitty gritty, I want to view only those charts that are = most promising. So, yes, I use additional technical tools to tell me which = stocks are moving into position day to day and view only those charts. For = years I've used technical proxies from within VectorVest to do that, but our tools = at cwhcharts are actually more specific and save an enormous amount of time = over the more general proxies that I've had access to in the past. Most of = the services that are available to CANSLIM investors such as DGO, HGS, = Vectorvest, TC2000, etc. all have their own versions of tools that help to do that, = the main thing is to find a methodical way to narrow the field. The other = thing that I've always done is to keep good notes on where I've been already. = That keeps me from going back to a stock that I've already eliminated either = due to faulty fundamentals or faulty business models that give red flags during = due diligence. While I think that an overly restrictive fundamental filter = is anathema to CANSLIM investing, fundamentals are still crucial to = selecting the best stocks. To that end, I've always looked at fundamentals in = combination using an extensive if/then evaluation rather than a "cutoff" evaluation of any one fundamental factor. That lets me view the = fundamentals and technicals in combination; that is, I am always looking at the = preponderance of evidence. Those calculations are something that I've developed over = time using a variety of sources and something that I've never shared with = anybody, but they give a very quick way of eliminating certain stocks and = narrowing the field to those that are worthy of a 15 second review of the charts. =

 

On the other hand, I think that the more = charts one views, the better they get at  being able to quickly discern a good quality setup from a poor quality set up. That's one reason why I = continue to look at a lot of charts day to day, as practice is key. That's also the = reason why I don't "grade" a chart per se and keep notes on the = grading as Tom does in his Weekly Weeview. In other words, while I make a mental assessment as to the pattern and the condition of the stock, I rely on a = fresh view of the chart from one time to the next to let me know if the stock = is ready to pursue. All these things in combination are about "smart fishing." Know where the hottest spot is, probe where it's logical, = and then set the pole down in the spots where there is the greatest = probability of success. I see that as a lot smarter than being a good shot at a lousy = target.

 

Katherine

-----Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Calkins
Sent: Friday, January 17, = 2003 2:12 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = MSN Money Screener Search

Thank you Katherine for = teaching me how to fish.  Interestingly, of the 317 names that I found as you = showed me, I used your CWH charts to look at each stock.  I found a little = more than half had charts that had bases worth concidering a closer = look.  But just going through each chart, with a high speed connection took me = nearly 6 hours, a couple of hours each of 3 evenings.  Would you recommend = looking at a simpler, faster chart first like your link to bigcharts to get a = quick pattern scan and start culling out the poor patterns from there?  = You said you didn't grade the chart patterns. If you don't somehow develope a = pattern grading system, like at least Mike does in his Weekend Review, then how = do you proceed from here?  If I don't want to look at so many charts and = you recommend that you like the U/D volume to be higher, would you recommed screening the U/D volume at say 1.5?

 

Thanks

 

JC

----- Original Message = - -----

Sent: Sunday, January 12, 2003 6:55 AM

Subject: RE: [CANSLIM] MSN Money Screener Search

 

Hi John,

 

You won't be able to duplicate my results on = MSN because my forward growth rates come from VectorVest and because I'm not = sure how MSN calculates their Relative Strength Rankings. DGO, HGS and my = site use a price weighted 12 month ranking which puts 40% of the weight on the most = recent quarter and 20% weight on each of the preceding = quarters.

 

MSN, like DGO's screener, has an = infuriating habit of limiting the number of results from any search to < 200. = You'll have to break down a broad-based search like this into 2 parts to pick = up all the stocks for RS>=3D60. Each time you run it, you have to check that = the query has not cut off any of your results, then adjust the break point = in the RS to accommodate a result of <200 stocks. This particular MSN clone = search resulted in 317 names, so I'm afraid the overlap is not that great. In comparing my personal CANSLIM Hunting screen to the MSN screen below, = there were 179 names in common, 332 names on my list but not on the MSN list, = and 138 names on the MSN list but not on my Hunting list. I have used the = "EPS Growth Next Yr" as a proxy for the VectorVest forward growth rate, = but you might want to experiment a bit with their other available forward = estimated growth rates such as "Next Yr Growth Rate." I have a friend = who uses this particular field and sets is to a slightly lower rate (10-12.5 or = so).

 

EPS Growth Next Yr >=3D 15

Last Price >=3D 6

Avg. Daily Vol. Last Month >=3D = 30000

Last Price >=3D 0.85*50-Day Moving = Average

Last Price >=3D 200-Day Moving = Average

12-Month Relative Strength >=3D = 60

12-Month Relative Strength <=3D = 84

 

 

 

EPS Growth Next Yr >=3D 15

Last Price >=3D 6

Avg. Daily Vol. Last Month >=3D = 30000

Last Price >=3D 0.85*50-Day Moving = Average

Last Price >=3D 200-Day Moving = Average

12-Month Relative Strength >=3D = 85

 

--Katherine

-----Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Calkins
Sent: Sunday, January 12, = 2003 12:11 AM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] MSN = Money Screener Search

Katherine,

=

 

Could you show me on how to replicate some of your screens on MSN.  I'm not sure if I = understand it's limitations.  I don't think it will let me enter = percentages.

 

jc

 

 

http://moneycentral.msn.com/= investor/invsub/finder/finderx.asp?Query=3DSV1QF219Z04L15ZF3Z04L6ZF114Z04= L30000ZF253Z04L60ZF250Z03F250ZF251Z04F251Z&Name=3DKMclone1&Ticker= s=3D200

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