From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3219 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, March 14 2003 Volume 02 : Number 3219 In this issue: Re: [CANSLIM] "M" RE: [CANSLIM] "M" with references to WON books RE: [CANSLIM] "M" RE: [CANSLIM] "M" with references to WON books Re: [CANSLIM] M Re: [CANSLIM] Why Not Use WallStreetCity for Industry Groups - smallerversion ---------------------------------------------------------------------- Date: Fri, 14 Mar 2003 10:29:34 -0600 From: "david frank" Subject: Re: [CANSLIM] "M" Ed, I believe, I mentioned several weeks ago that Canslim was near death. I just wonder if the bull will show it's head (FTD) for the 16th time and will quickly hibernate again. Thank you for mentioning OVTI, but this purchase was after the fact, not before, and where was "M" at in this purchase? Dave - ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Friday, March 14, 2003 10:06 AM Subject: RE: [CANSLIM] "M" > David -Canslim is not dead, just hibernating - I was just recalling the > hot debate that was bubbling on this board over the last couple of > weeks. I won't do this very often but here is an example of a stock we > recently purchased: > > OVTI - Omnivision Technologies > Bought 2/28/2003 @ $18.49 > Sold half initial position on 3/7/2003 @ $18.29 > Bought 3/13/2003 at $19.82 off pivot. > Initial stop at 17.50 - will raise today > > There is no sell point unless the stock performs poorly. > > Look in IBD today page B8 Nasdaq recap. > > Also - I hope the group realizes that I am very humble - the quickest > and easiest way to get you head handed to you is to think that you are > bigger than the market - been there, done that. > > > Ed Gjertsen II > ed@macktracks.com > > > Confidentiality Notice: This e-mail message, including any attachments, > is for the sole use of the intended recipient(s) and may contain > confidential and privileged information. Any unauthorized review, use, > disclosure or distribution is prohibited. If you are not the intended > recipient, please contact the sender by reply e-mail and destroy all > copies of the original message. > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank > Sent: Friday, March 14, 2003 9:31 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] "M" > > Who said that CANSLIM was dead? The challenge is still there. Tell us > when > "M" is "M", and name one stock that you are buying, the buy point, the > sell > point, and the stop point, which will not be a recommendation, but for > educational purposes only. One should be more humble and not relish so > much. > Thank you, Dave > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, March 14, 2003 8:53 AM > Subject: Re: [CANSLIM] "M" > > > > Good point, Ed. I am doing a little better, up about 5% in both the > IRA > and > > the margin accounts since last Friday, nearly that in my VR Fund. But > I > > gained over 10% in the margin acct yesterday in order to now be up > 5%!!!! > > Arrrrgggghhhhh!! > > > > ----- Original Message ----- > > From: "Edward W. Gjertsen II" > > To: > > Sent: Friday, March 14, 2003 9:50 AM > > Subject: RE: [CANSLIM] "M" > > > > > > The preponderant messages relating to the death of canslim seemed like > a > > great contrarian indicator. Those followers who are not in front of > > screens all day should by all means be on the sidelines during all > this. > > The S&P from last Friday to this morning was only up 0.36% even with > > yesterday's 3.45% gain. It is still a treacherous market, tread > > lightly, and if you invest go small - if you have a profit - build > > slowly. We call our approach aggressive conservation - if you lose - > > don't lose big. > > > > Good investing > > > > Ed Gjertsen II > > ed@macktracks.com > > > > > > Confidentiality Notice: This e-mail message, including any > attachments, > > is for the sole use of the intended recipient(s) and may contain > > confidential and privileged information. Any unauthorized review, > use, > > disclosure or distribution is prohibited. If you are not the intended > > recipient, please contact the sender by reply e-mail and destroy all > > copies of the original message. > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley > > Sent: Thursday, March 13, 2003 6:25 PM > > To: CANSLIM > > Subject: [CANSLIM] "M" > > > > OK, we got a good rally today, whether it was just a relief rally, or > > short > > covering, or maybe even a real rally, with real sidelined cash flowing > > back > > in. > > > > Mutual funds only have two weeks to invest any cash in excess of their > > limits, and may have contributed. A delay in a vote at the UN is being > > credited, so just may be news driven, here today, gone tomorrow. > > > > Nonetheless, we certainly got a 2+% gain on every index, and on volume > > well > > exceeding daily average. And that comes in a period when daily volume > > has > > been typically well under average. > > > > So, is anybody starting to count the days, looking for the follow thru > > day > > 4-7 days out? Coincidentally, that period might also fall just after > war > > with Iraq is unilaterally initiated by the USA, which would cause at > > least > > some minor relief rally. > > > > Does anyone trust today's gains? With so much news, can we trust > > technicals? > > > > Tom Worley > > stkguru@bellsouth.net > > AIM: TexWorley > > > > > > > > - > > -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: Fri, 14 Mar 2003 08:40:05 -0800 From: "Tim Katona" Subject: RE: [CANSLIM] "M" with references to WON books Rolf, That was the page I was looking for! From page 78 of WON's 24 lessons book, In bold letters: "You only start counting a rally if the close is up from the prior day." In this case, Wednesday March 12 did close higher than Tuesday. Also on page 78: ""Follow-through" day. Index up 1% or more on increased volume from the day before. Market is in new uptrend. Usually occurs fourth through seventh day of an attempted rally." (Since 24 lessons was published WON did change the "Index up 1% or more on increased volume from the day before" to 2% or more.) Also see HTMMIS third edition pages 64 and 65 on rally attempt, 2% reasoning and follow-through day. Interesting, WON says that a follow-through could even occur on the third day of a rally attempt if certain conditions exist. Tim - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Rolf Hertenstein Sent: Friday, March 14, 2003 8:16 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] "M" I've been following the example from 24 Lessons, pg. 78. The first day of an attempted rally is a day in which an index closes up sans volume considerations. A FTD day usually occurs on day 4 to 7 (higher volume, 2% increase). From Tim's comments, IBD is following that criteria. I guess an 'attempted' rally becomes a 'confirmed' rally if a FTD occurs on days 4 thru 7 (and as late as 10). I try to qualify 'attempts' based on the action of the first day; we've had at least a couple of weak attempts (that failed) lately. Rolf > I think so, but welcome other opinions on this. > > ----- Original Message ----- > From: "Rolf Hertenstein" > To: > Sent: Friday, March 14, 2003 10:20 AM > Subject: Re: [CANSLIM] "M" > > > Thanks, Tom. For my edification, do you think your count is in accordance > with WON? > > Rolf > > > I start my count with yesterday, because of the combination of price gain > > and volume. On Wednesday, volume improved, but only sufficient to turn a > > down day into a moderate loss. Historically, maybe Wednesday will prove to > > be a reversal day that marked a second bottom. But by itself I don't use > it > > as a starting point for counting. Thursday, on the other hand, can stand > on > > its own merits. > > > > It also does not hurt that every major index participated Thursday, while > > only most were benefiting on Wednesday > > > > ----- Original Message ----- > > From: "Rolf Hertenstein" > > To: > > Sent: Friday, March 14, 2003 8:35 AM > > Subject: Re: [CANSLIM] "M" > > > > > > Does anyone count yesterday other than day 2, and if so, what and why? > > > > Rolf > > > > > strictly market days, Mike > > > > > > ----- Original Message ----- > > > From: "Mike" > > > To: > > > Sent: Friday, March 14, 2003 12:41 AM > > > Subject: Re: [CANSLIM] "M" > > > > > > > > > Certainly was a fine rally, the shorts are writhing in fear. I wouldn't > > be > > > disappointed to see a retest soon, how that goes will be more telling. > > > > > > How are you counting the 4-7 days, market days or including weekends? > > > Thanks, > > > Mike > > > > > > > > > >> > > > OK, we got a good rally today, whether it was just a relief rally, or > > short > > > covering, or maybe even a real rally, with real sidelined cash flowing > > back > > > in. > > > > > > Mutual funds only have two weeks to invest any cash in excess of their > > > limits, and may have contributed. A delay in a vote at the UN is being > > > credited, so just may be news driven, here today, gone tomorrow. > > > > > > Nonetheless, we certainly got a 2+% gain on every index, and on volume > > well > > > exceeding daily average. And that comes in a period when daily volume > has > > > been typically well under average. > > > > > > So, is anybody starting to count the days, looking for the follow thru > day > > > 4-7 days out? Coincidentally, that period might also fall just after war > > > with Iraq is unilaterally initiated by the USA, which would cause at > least > > > some minor relief rally. > > > > > > Does anyone trust today's gains? With so much news, can we trust > > technicals? > > > > > > Tom Worley > > > stkguru@bellsouth.net > > > AIM: TexWorley > > > << > > > > > > > > > - > > > -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. - - - -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: Fri, 14 Mar 2003 11:01:13 -0600 From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] "M" Ed, Okay, so you averaged the multiple purchases. I think I understand. Thanks for the clarification. Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Edward W. Gjertsen II" To: canslim@lists.xmission.com cc: Sent by: Subject: RE: [CANSLIM] "M" owner-canslim@lists.xm ission.com 03/14/2003 10:26 AM Please respond to canslim No - we are moving it up - an 8% hard stop would put us around $17.62 from an adjusted cost basis of $19.15. Ed Gjertsen II ed@macktracks.com Confidentiality Notice: This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Friday, March 14, 2003 10:16 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] "M" Ed, Just curious, you have a $17.50 stop on a purchase of $19.82, so that is a 12% loss stop. Is that normally how you work it, or are you particularly giving this stock more room to move? Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Edward W. Gjertsen II" To: canslim@lists.xmission.com cc: Sent by: Subject: RE: [CANSLIM] "M" owner-canslim@lists.xm ission.com 03/14/2003 10:06 AM Please respond to canslim David -Canslim is not dead, just hibernating - I was just recalling the hot debate that was bubbling on this board over the last couple of weeks. I won't do this very often but here is an example of a stock we recently purchased: OVTI - Omnivision Technologies Bought 2/28/2003 @ $18.49 Sold half initial position on 3/7/2003 @ $18.29 Bought 3/13/2003 at $19.82 off pivot. Initial stop at 17.50 - will raise today There is no sell point unless the stock performs poorly. Look in IBD today page B8 Nasdaq recap. Also - I hope the group realizes that I am very humble - the quickest and easiest way to get you head handed to you is to think that you are bigger than the market - been there, done that. Ed Gjertsen II ed@macktracks.com Confidentiality Notice: This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Friday, March 14, 2003 9:31 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] "M" Who said that CANSLIM was dead? The challenge is still there. Tell us when "M" is "M", and name one stock that you are buying, the buy point, the sell point, and the stop point, which will not be a recommendation, but for educational purposes only. One should be more humble and not relish so much. Thank you, Dave - ----- Original Message ----- From: "Tom Worley" To: Sent: Friday, March 14, 2003 8:53 AM Subject: Re: [CANSLIM] "M" > Good point, Ed. I am doing a little better, up about 5% in both the IRA and > the margin accounts since last Friday, nearly that in my VR Fund. But I > gained over 10% in the margin acct yesterday in order to now be up 5%!!!! > Arrrrgggghhhhh!! > > ----- Original Message ----- > From: "Edward W. Gjertsen II" > To: > Sent: Friday, March 14, 2003 9:50 AM > Subject: RE: [CANSLIM] "M" > > > The preponderant messages relating to the death of canslim seemed like a > great contrarian indicator. Those followers who are not in front of > screens all day should by all means be on the sidelines during all this. > The S&P from last Friday to this morning was only up 0.36% even with > yesterday's 3.45% gain. It is still a treacherous market, tread > lightly, and if you invest go small - if you have a profit - build > slowly. We call our approach aggressive conservation - if you lose - > don't lose big. > > Good investing > > Ed Gjertsen II > ed@macktracks.com > > > Confidentiality Notice: This e-mail message, including any attachments, > is for the sole use of the intended recipient(s) and may contain > confidential and privileged information. Any unauthorized review, use, > disclosure or distribution is prohibited. If you are not the intended > recipient, please contact the sender by reply e-mail and destroy all > copies of the original message. > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley > Sent: Thursday, March 13, 2003 6:25 PM > To: CANSLIM > Subject: [CANSLIM] "M" > > OK, we got a good rally today, whether it was just a relief rally, or > short > covering, or maybe even a real rally, with real sidelined cash flowing > back > in. > > Mutual funds only have two weeks to invest any cash in excess of their > limits, and may have contributed. A delay in a vote at the UN is being > credited, so just may be news driven, here today, gone tomorrow. > > Nonetheless, we certainly got a 2+% gain on every index, and on volume > well > exceeding daily average. And that comes in a period when daily volume > has > been typically well under average. > > So, is anybody starting to count the days, looking for the follow thru > day > 4-7 days out? Coincidentally, that period might also fall just after war > with Iraq is unilaterally initiated by the USA, which would cause at > least > some minor relief rally. > > Does anyone trust today's gains? With so much news, can we trust > technicals? > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -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. - - - -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: Fri, 14 Mar 2003 11:46:10 -0600 From: "Katherine Malm" Subject: RE: [CANSLIM] "M" with references to WON books Hi All, Here's a summary explanation of WON's guidelines for both the "old" and the "new" definition of a FTD: http://www.market-tester.com/newft.htm My read on WON's guidelines is that 1%+ would be fine if it were accompanied by a slew of breakouts. 2% is useful, but even it doesn't hold water without a slew of stocks at least *setting up* for breakout. In either case, it only makes sense that the "market" is a summary indicator of its individual components. If the majority of individual CANSLIM-quality stocks are acting well, then our "market" is healthy. If the individual CANSLIM-quality stocks are not acting well, it's a mine field. As Ed said, grounds for stepping lightly. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Katona Sent: Friday, March 14, 2003 10:40 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] "M" with references to WON books Rolf, That was the page I was looking for! From page 78 of WON's 24 lessons book, In bold letters: "You only start counting a rally if the close is up from the prior day." In this case, Wednesday March 12 did close higher than Tuesday. Also on page 78: ""Follow-through" day. Index up 1% or more on increased volume from the day before. Market is in new uptrend. Usually occurs fourth through seventh day of an attempted rally." (Since 24 lessons was published WON did change the "Index up 1% or more on increased volume from the day before" to 2% or more.) Also see HTMMIS third edition pages 64 and 65 on rally attempt, 2% reasoning and follow-through day. Interesting, WON says that a follow-through could even occur on the third day of a rally attempt if certain conditions exist. Tim - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Rolf Hertenstein Sent: Friday, March 14, 2003 8:16 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] "M" I've been following the example from 24 Lessons, pg. 78. The first day of an attempted rally is a day in which an index closes up sans volume considerations. A FTD day usually occurs on day 4 to 7 (higher volume, 2% increase). From Tim's comments, IBD is following that criteria. I guess an 'attempted' rally becomes a 'confirmed' rally if a FTD occurs on days 4 thru 7 (and as late as 10). I try to qualify 'attempts' based on the action of the first day; we've had at least a couple of weak attempts (that failed) lately. Rolf > I think so, but welcome other opinions on this. > > ----- Original Message ----- > From: "Rolf Hertenstein" > To: > Sent: Friday, March 14, 2003 10:20 AM > Subject: Re: [CANSLIM] "M" > > > Thanks, Tom. For my edification, do you think your count is in accordance > with WON? > > Rolf > > > I start my count with yesterday, because of the combination of price gain > > and volume. On Wednesday, volume improved, but only sufficient to turn a > > down day into a moderate loss. Historically, maybe Wednesday will prove to > > be a reversal day that marked a second bottom. But by itself I don't use > it > > as a starting point for counting. Thursday, on the other hand, can stand > on > > its own merits. > > > > It also does not hurt that every major index participated Thursday, while > > only most were benefiting on Wednesday > > > > ----- Original Message ----- > > From: "Rolf Hertenstein" > > To: > > Sent: Friday, March 14, 2003 8:35 AM > > Subject: Re: [CANSLIM] "M" > > > > > > Does anyone count yesterday other than day 2, and if so, what and why? > > > > Rolf > > > > > strictly market days, Mike > > > > > > ----- Original Message ----- > > > From: "Mike" > > > To: > > > Sent: Friday, March 14, 2003 12:41 AM > > > Subject: Re: [CANSLIM] "M" > > > > > > > > > Certainly was a fine rally, the shorts are writhing in fear. I wouldn't > > be > > > disappointed to see a retest soon, how that goes will be more telling. > > > > > > How are you counting the 4-7 days, market days or including weekends? > > > Thanks, > > > Mike > > > > > > > > > >> > > > OK, we got a good rally today, whether it was just a relief rally, or > > short > > > covering, or maybe even a real rally, with real sidelined cash flowing > > back > > > in. > > > > > > Mutual funds only have two weeks to invest any cash in excess of their > > > limits, and may have contributed. A delay in a vote at the UN is being > > > credited, so just may be news driven, here today, gone tomorrow. > > > > > > Nonetheless, we certainly got a 2+% gain on every index, and on volume > > well > > > exceeding daily average. And that comes in a period when daily volume > has > > > been typically well under average. > > > > > > So, is anybody starting to count the days, looking for the follow thru > day > > > 4-7 days out? Coincidentally, that period might also fall just after war > > > with Iraq is unilaterally initiated by the USA, which would cause at > least > > > some minor relief rally. > > > > > > Does anyone trust today's gains? With so much news, can we trust > > technicals? > > > > > > Tom Worley > > > stkguru@bellsouth.net > > > AIM: TexWorley > > > << > > > > > > > > > - > > > -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. - - - -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: Fri, 14 Mar 2003 13:16:17 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] M Ian: I haven't been on the forum for a few days-so someone may have already replied to your E-mail. In any event here's my response after seeing today's IBD: IBD makes the exact same point you do-the only difference is that its focus is on the NASDAQ Composite. Today (Friday, 3/14/03) IBD says, "The tech-heavy index [NASDAQ]... has showed quiet accumulation. Note how up days in higher volume outnumber down days in higher volume. Trading usually wasn't above average, but institutions were building positions. This ...support is apparent from NASDAQ's Accumulation/Distribution Rating. It climbed to an A+ Thursday after sitting on an A since the beginning of March." To answer your questions: I didn't notice this pattern (although I kinda expected a boost to the index, both because of the OverSold nature of the NASDAQ and because its RS Line has been in Strong Divergence since this new downtrend began in 12/02). As far as predictions: I'd want to see 1) whether or not there is a follow-through-and when, and 2) how the index reacts to the downtrending 200 moving average. jans In a message dated 3/11/2003 3:11:38 PM Eastern Standard Time, ianstm@shaw.ca writes: << Over the last 3 weeks (Since Feb 18 - 16 trading days) the QQQ's have had 6 days of increasing, above-average volume. On each of these 6 days, the index went up. On nine of the ten days of declining, below-average volume, the index went down. Overall, the QQQ is down about 5% (from 25.25 to 24) over those 16 days. Does anyone recognize this pattern and know if there are historical precedents for the likely direction from here? Dp all these volume days with no 'breakout' forward progress indicate distribution? Thanks, Ian >> - - - -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, 14 Mar 2003 12:18:55 -0600 From: "Joe McCall" Subject: Re: [CANSLIM] Why Not Use WallStreetCity for Industry Groups - smallerversion This is a multi-part message in MIME format. - ------=_NextPart_000_004A_01C2EA23.E1D17230 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I haven't heard anyone mention Prophet.net. They do exactly what you = are talking about. Go to "Explore" & "Industry Rankings". You can then = show performance for each of the industries in 2, 5, 10, 15, 20 days, 1, = 2, 3, 6 months, 1, 2 years. You can then sort the list by rank OR by = rank change. If you click on the industry, it will show you small = charts of all the stocks in that industry. You can add color volume to = the charts and do technical analysis. It is all free. I am surprised = no one mentions this on this group. Joe ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Thursday, March 13, 2003 9:05 PM Subject: Re: [CANSLIM] Why Not Use WallStreetCity for Industry Groups = - - smallerversion I may try it out gene but I still dont think it is what I am looking = for. IBD has a similar feature to this one in there industry rankings( = I buy the paper a couple of times a week from the rack). I really am = looking for 1 industries move every month for the long term. I can find = it in IBD if I set up my own chart and buy the paper once a month and = search for each industry and log where it is at this month. That would = be very time consuming-I appreciate all your help though. I think = Katherine had the right idea of what I was after-maybe she will = incorporate it into her site. I think this chart I am looking for would = give a comprehensive picture of what industries and what stocks are on = the move - and in what direction. Thanks again nancy p.s. on your = urging I did join AAII.:-) ----- Original Message ----- From: Gene Ricci Sent: Thursday, March 13, 2003 6:52 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Why Not Use WallStreetCity for Industry = Groups - smallerversion Nancy, yes ..... you overlooked it.=20 WallStreetCity has that feature. If you want to see industry = movement click on Big Chart. Big Chart is part of their premium service = that costs $9.95 per month. There is a 30-day free trial. Here's their = write-up: Each Monday WallStreetCity publishes a comprehensive industry group = rotation table. This table is designed to show group rotations for the = last two months on a week-by-week basis. The table can help investors = profit by apprising them of the ebb and flow of capital in and out of = the various industry groups. Groups showing large positive moves in = industry group ranks indicate a move higher in the future, while groups = showing large negative moves indicate a move lower for that group. This = information is useful because it gives the investor advanced notice of = future group movements. In addition to updating this chart every Monday, = the analysts at WallStreetCity will provide real-world analytical = analysis of the Big Chart to give you a better understanding of this = very important group rotation table. Gene ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Thursday, March 13, 2003 2:57 PM Subject: Re: [CANSLIM] Why Not Use WallStreetCity for Industry = Groups - smaller version great site gene-I looked but didnt see what Im looking for. I = found the industry groups and all the stocks with in them, but not the = groups advance or decline monthly over the last 6 months or year-did I = miss it?? Thanks again nancy ----- Original Message ----- From: Gene Ricci Sent: Thursday, March 13, 2003 11:20 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Why Not Use WallStreetCity for Industry = Groups - smaller version I sent out a complete list of industries but the file was too = large. Here's a smaller version..... sent earlier I know this might be heresy but why not use the free = WallStreetCity? The industries - names/makeup - are different than IBD but = still....=20 If you click on .BAN Banks (below) it will take you to a chart = of that industry. When there, change the menu window from: Banks Graph Industry = to: Banks List of Stocks Will give you a quick snapshot of how the group is doing and the = stocks within the group. You can change Banks to ALL INDUSTRY GROUPS to see the entire = list. Symbol Description Symbol Description=20 .BAN Banks .OFU Home/office/equipment=20 =20 regards, Gene - ------=_NextPart_000_004A_01C2EA23.E1D17230 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I haven't heard anyone mention = Prophet.net.  They do=20 exactly what you are talking about.  Go to "Explore" = & "Industry=20 Rankings".  You can then show performance for each of the = industries in 2,=20 5, 10, 15, 20 days, 1, 2, 3, 6 months, 1, 2 years.  You can = then sort=20 the list by rank OR by rank change.  If you click on the industry, = it will=20 show you small charts of all the stocks in that industry.  You can = add=20 color volume to the charts and do technical analysis.  It is all=20 free.   I am surprised no one mentions this on this=20 group.
 
Joe
----- Original Message -----
From:=20 NANCY = POLCARO=20
To: canslim
Sent: Thursday, March 13, 2003 = 9:05=20 PM
Subject: Re: [CANSLIM] Why Not = Use=20 WallStreetCity for Industry Groups - smallerversion

I may try it out gene but I still dont think it is what I am = looking=20 for.  IBD has a similar feature to this one in there = industry=20 rankings( I buy the paper a couple of times a week from the = rack).  I=20 really am looking for 1 industries move every month for the long = term.  I=20 can find it in IBD if I set up my own chart and buy the paper once a = month and=20 search for each industry and log where it is at this month.  That = would=20 be very time consuming-I appreciate all your help though.  I = think=20 Katherine had the right idea of what I was after-maybe she will = incorporate it=20 into her site.  I think this chart I am looking for would give a=20 comprehensive picture of what industries and what stocks are on the = move - and=20 in what direction. Thanks again nancy  p.s. on your urging I did = join=20 AAII.:-)
 
----- Original Message -----
From:=20 Gene Ricci
Sent: Thursday, March 13, = 2003 6:52=20 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] Why = Not Use=20 WallStreetCity for Industry Groups - smallerversion
 
Nancy, yes ..... you = overlooked it.=20
 
WallStreetCity has = that feature.=20 If you want to see industry movement click on Big Chart. Big Chart = is part=20 of their premium service that costs $9.95 per month. There is a = 30-day free=20 trial. Here's their write-up:
 

Each Monday = WallStreetCity=20 publishes a comprehensive industry group rotation table.  This = table is=20 designed to show group rotations for the last two months on a = week-by-week=20 basis.  The table can help investors profit by apprising them = of the=20 ebb and flow of capital in and out of the various industry=20 groups. Groups showing large positive moves in industry group = ranks=20 indicate a move higher in the future, while groups showing large = negative=20 moves indicate a move lower for that group. This information is = useful=20 because it gives the investor advanced notice of future group = movements. In=20 addition to updating this chart every Monday, the analysts at = WallStreetCity=20 will provide real-world analytical analysis of the Big Chart to give = you a=20 better understanding of this very important group rotation=20 table.

Gene

 

----- Original Message ----- =
From:=20 NANCY=20 POLCARO
To: canslim
Sent: Thursday, March 13, = 2003 2:57=20 PM
Subject: Re: [CANSLIM] Why = Not Use=20 WallStreetCity for Industry Groups - smaller version

great site gene-I looked but didnt see what Im looking for. I = found=20 the industry groups and all the stocks with in them, but not the = groups=20 advance or decline monthly over the last 6 months or year-did I = miss it??=20 Thanks again nancy
 
----- Original Message = - -----
From:=20 Gene Ricci
Sent: Thursday, March 13, = 2003=20 11:20 AM
To: canslim@lists.xmission.com=
Subject: [CANSLIM] Why = Not Use=20 WallStreetCity for Industry Groups - smaller version
 
I sent out a complete list of = industries=20 but the file was too large. Here's a smaller = version.....

sent=20 earlier

I know this might be heresy but why not use = the free=20 WallStreetCity?
The industries - names/makeup - are different = than=20 IBD but still....

If you click on .BAN Banks (below) it = will=20 take you to a chart of that industry.

When there, change = the menu=20 window from: Banks   Graph=20 = Industry
          &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;            = ;     =20 to: Banks   List of Stocks

Will give you a = quick=20 snapshot of how the group is doing and the stocks within the=20 group.
 
You can change Banks to ALL = INDUSTRY=20 GROUPS to see the entire list.
<= /TABLE>
 
regards,
Gene
= - ------=_NextPart_000_004A_01C2EA23.E1D17230-- - - - -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 #3219 ****************************** 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.
Symbol Description Symbol Description
.BAN Banks .OFU Home/office/equipment