From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3357 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 Tuesday, June 3 2003 Volume 02 : Number 3357 In this issue: RE: Re: [CANSLIM] breakouts to come RE: Re: [CANSLIM] breakouts to come Re: Re: [CANSLIM] breakouts to come RE: Re: [CANSLIM] breakouts to come RE: Re: [CANSLIM] breakouts to come ---------------------------------------------------------------------- Date: Tue, 3 Jun 2003 16:41:07 -0700 (PDT) From: Tomas Subject: RE: Re: [CANSLIM] breakouts to come Yea, I am beginning to realize that IBD is not a very good mining tool. Katherine, a question. How do you save those charts to annotate? I cannot seem to save the whole charts. I can only save one chart at a time. I am referring to your cwhcharts. Oh, I recalled you saying that it is ok to save your charts and annotate them, right? Regards, tomas - --- Katherine Malm wrote: > Hi Ann and all, > > I have to agree with Bill on this. By the time > something makes it to a list like > the WR or the IBD100, they've already *become* the > leaders. It makes a heck of a > lot more sense to catch them as they're *becoming* > leaders. That is, if RS>=85 > is considered a leader, then how the heck did they > get there? They rose from a > lower RSRank to get there in the first place. If > they were rising in RSRank, > then they were *rising in price.* While looking for > outperformance to the market > and to other stocks is a cornerstone of CANSLIM > investing, I've never agreed > that mining should only be done after the stock is > at RSRank 80 or 85. It's true > that leaders will pull back and offer new entry > points, so having a list of > leaders is helpful. But the problem is, if you want > to get the best part of the > move, you've got to be watching these guys as they > set up and start the lion's > share of the move. The IBD started publishing an > index of the WR stocks over > time, showing a mild percentage gain vs. a sink hole > return in the indexes > during the Bear, but I suspect that if one were to > instead publish an index of > stocks breaking out of sound bases starting at a > non-laggard RSRank>=70, then > the index would be substantially higher. > > Years ago, a friend of mine and I would meet every > Saturday for coffee and pour > over the IBD together. At the time, he kept asking > why the heck all the stocks > mentioned in the paper didn't offer up a good entry > point. Most of the time, the > lists of stocks, the minigraphs, etc. were already > too extended. That meant that > in order to use the IBD itself for mining, we had to > sift through the > lilliputian stock tables highlighting stocks from > RSRank 70 and up, highlight up > and coming Industries, add the stocks from "Where > the Big Money is Flowing" then > one by one look at all the charts. It was exhausting > and incredibly time > consuming. My conclusion after practically loosing > my eyesight (and my > Saturdays) was that while the IBD is an incredible > resource for current news, > information on companies, keeping tabs on the Market > and learning about CANSLIM, > it's a lousy mining tool. > > Once I'd figured that out, I set out to instead > devise a methodology that would > let me mine for stocks that met the minimum > requirements for a CANSLIM-quality > stock and were *just* beginning to outperform and > setup for a breakout. The goal > was to own a stock before it showed up in the IBD. > Just as Bill suggested, > seeing it in the IBD *after* I'd found it was the > ultimate test. Or, another way > of saying it was that I didn't want to see a single > stock mentioned in the IBD > that I didn't already know about. For the most part, > I think that implies that > at the very least, one needs some sort of technical > software to do this. Many > here use HGS/Quotes Plus (QP2), DGO, Vectorvest and > others to do this and each > has their own particular approach. But even with > these tools, it still requires > looking through a lot of charts every day to make > sure you're seeing the stocks > *as* they set up. As I'd rather be hiking the Grand > Canyon or having a margarita > by the pool, that time spent motivated me to develop > even better tools for > finding stocks setting up for a breakout, leading to > my partnership with Mike at > the cwhcharts.com site. That means that there is a > third alternative to sifting > through the IBD or through a lot of charts, and that > is to let a computer do all > that time consuming work for you. Our approach is to > let the computer find *all* > the non-laggard stocks currently setting up in cup > with handle bases, put them > on a watchlist, and then let us know automatically > if they are breaking out > above their pivots. Now *there's* an excuse to have > another dip in the pool! > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Ann Hollingworth > Sent: Monday, June 02, 2003 9:01 PM > To: canslim@lists.xmission.com > Subject: Re: Re: [CANSLIM] breakouts to come > > > Thanks, Bill, and Rolf, for the watch list ideas. > I may have to change the > source of my minings. > Ann > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Rolf Hertenstein > Sent: Monday, June 02, 2003 11:39 AM > To: canslim@lists.xmission.com > Subject: Re: Re: [CANSLIM] breakouts to come > > > Hi Bill - Are you referring to IBD's Screen of the > Day? > > I think in a recent discussion of the market, IBD > mentioned that further > breakouts at this stage of this bull run (however > long it'll be) are more likely > to be 'second rate'. The real leaders have broken > out and already have good > gains. This won't stop me from looking of course. > > Rolf > ----- Original Message ----- > From: Bill Triffet > To: canslim@lists.xmission.com > Sent: Monday, June 02, 2003 12:22 PM > Subject: Re: Re: [CANSLIM] breakouts to come > > > I use WR as a confirmation that I bought right. > I like to see one of my buys > show up there AFTER I've bought it. I also find > those graphs tend to be "Monday > morning quarterbacking". I think it's IBD's way of > showing how you how a stock > already broke out - not time to buy. I also find > many of them have broken out of > upwards trending handles which is troubling to me. > > As far as the IBD100, I like to track #25-100 > for increasing strength and a > proper entry points. By design, most of the top will > be already extended. > > For list creation, I'd also do a quick scan of > the daily updated stocks > featured on the IBD site for possible setup/entry > points. > > Btw, the use of an offline charting tool such as > Quotes Plus is a real time > saver when you need to look at lots of stocks for > list building. The charts pop > up instantly allowing you to make quick end of day > scans. Doing it online - even > with a highspeed connection is much slower though > you see them intraday. > > -- > Bill > > > > > - ----------------------------------------------------------------- > I was just going through the charts of IBD100 > last night, and was thinking > the exact same thing. Are there any other lists > of high quality CANSLIM > stocks that should be scanned to check for > proper price patterns? > > Chris > ----- Original Message ----- > From: Ann Hollingworth > To: CANSLIM Listserv > Sent: Monday, June 02, 2003 4:28 AM > Subject: [CANSLIM] breakouts to come > > > It seems to me, as I hunt through WR and > IBD100, that there are a lot of > overextended stocks, and not to many on the > right side of their cup or > ready to break out. > > It would seem to me that there could be two > reasons === message truncated === __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com - - - -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: Tue, 3 Jun 2003 18:56:54 -0500 From: "Katherine Malm" Subject: RE: Re: [CANSLIM] breakouts to come Hi Tomas, I assume you are referring to saving a digital (JPEG) copy of the chart to which you can add your own annotations. If so, I use a screen capture program called CapturePro that allows you to capture an entire window, even if all the contents is not currently displayed on your screen. It's a modestly priced program that you'll find at www.creativesoftworx.com. There are other free and shareware screen capture programs, but not many of them allow you to capture an entire window out of view. And yes, you are more than welcome to use, save, print and post the charts in any fair-use, non-commercial way as long as the copyright remains intact. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tomas Sent: Tuesday, June 03, 2003 5:41 PM To: canslim@lists.xmission.com Subject: RE: Re: [CANSLIM] breakouts to come Yea, I am beginning to realize that IBD is not a very good mining tool. Katherine, a question. How do you save those charts to annotate? I cannot seem to save the whole charts. I can only save one chart at a time. I am referring to your cwhcharts. Oh, I recalled you saying that it is ok to save your charts and annotate them, right? Regards, tomas - --- Katherine Malm wrote: > Hi Ann and all, > > I have to agree with Bill on this. By the time > something makes it to a list like > the WR or the IBD100, they've already *become* the > leaders. It makes a heck of a > lot more sense to catch them as they're *becoming* > leaders. That is, if RS>=85 > is considered a leader, then how the heck did they > get there? They rose from a > lower RSRank to get there in the first place. If > they were rising in RSRank, > then they were *rising in price.* While looking for > outperformance to the market > and to other stocks is a cornerstone of CANSLIM > investing, I've never agreed > that mining should only be done after the stock is > at RSRank 80 or 85. It's true > that leaders will pull back and offer new entry > points, so having a list of > leaders is helpful. But the problem is, if you want > to get the best part of the > move, you've got to be watching these guys as they > set up and start the lion's > share of the move. The IBD started publishing an > index of the WR stocks over > time, showing a mild percentage gain vs. a sink hole > return in the indexes > during the Bear, but I suspect that if one were to > instead publish an index of > stocks breaking out of sound bases starting at a > non-laggard RSRank>=70, then > the index would be substantially higher. > > Years ago, a friend of mine and I would meet every > Saturday for coffee and pour > over the IBD together. At the time, he kept asking > why the heck all the stocks > mentioned in the paper didn't offer up a good entry > point. Most of the time, the > lists of stocks, the minigraphs, etc. were already > too extended. That meant that > in order to use the IBD itself for mining, we had to > sift through the > lilliputian stock tables highlighting stocks from > RSRank 70 and up, highlight up > and coming Industries, add the stocks from "Where > the Big Money is Flowing" then > one by one look at all the charts. It was exhausting > and incredibly time > consuming. My conclusion after practically loosing > my eyesight (and my > Saturdays) was that while the IBD is an incredible > resource for current news, > information on companies, keeping tabs on the Market > and learning about CANSLIM, > it's a lousy mining tool. > > Once I'd figured that out, I set out to instead > devise a methodology that would > let me mine for stocks that met the minimum > requirements for a CANSLIM-quality > stock and were *just* beginning to outperform and > setup for a breakout. The goal > was to own a stock before it showed up in the IBD. > Just as Bill suggested, > seeing it in the IBD *after* I'd found it was the > ultimate test. Or, another way > of saying it was that I didn't want to see a single > stock mentioned in the IBD > that I didn't already know about. For the most part, > I think that implies that > at the very least, one needs some sort of technical > software to do this. Many > here use HGS/Quotes Plus (QP2), DGO, Vectorvest and > others to do this and each > has their own particular approach. But even with > these tools, it still requires > looking through a lot of charts every day to make > sure you're seeing the stocks > *as* they set up. As I'd rather be hiking the Grand > Canyon or having a margarita > by the pool, that time spent motivated me to develop > even better tools for > finding stocks setting up for a breakout, leading to > my partnership with Mike at > the cwhcharts.com site. That means that there is a > third alternative to sifting > through the IBD or through a lot of charts, and that > is to let a computer do all > that time consuming work for you. Our approach is to > let the computer find *all* > the non-laggard stocks currently setting up in cup > with handle bases, put them > on a watchlist, and then let us know automatically > if they are breaking out > above their pivots. Now *there's* an excuse to have > another dip in the pool! > > Katherine > - - - -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: Tue, 3 Jun 2003 20:50:06 -0400 From: "Robert Mansk" Subject: Re: Re: [CANSLIM] breakouts to come This is a multi-part message in MIME format. - ------=_NextPart_000_01AD_01C32A11.B6DDDDB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I remember during the summer and fall of 2002 reading several of The = Smart Investor columns in IBD. It seem to be at the time that most of = the featured investors had recalibrated their search criteria for = stocks. Rather than looking for stocks with the standard Earnings = Strength and Relative Strength > 80 to ones with a much more restrictive = level. Many said that they only consider stocks in the upper 90s for = these measures.=20 At that point, I began to wonder if there wasn't a "sweet spot" for = these values when it comes to stock picking. I also wondered if this = sweet spot was a function of general market conditions. In good = markets, the best stocks are much closer to the 80 end of the scale of = these measures. In bears markets, the sweet spot shifts to the higher = end of the market. Bob ----- Original Message -----=20 From: Richard=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, June 03, 2003 2:10 AM Subject: RE: Re: [CANSLIM] breakouts to come Katherine, I've been lurking and learning for a few weeks, but I just = have to step out of the shadows to thank you for shining a spotlight on = exactly the thing I needed to learn right now.=20 I'm a new CS'er, I've been dabbling with small positions (50 to 100 = shares), stopping out fairly conservatively and doing extensive = post-mortems on what went right and wrong. With real money on the line = (albeit not amounts that could hurt me greatly if things went awry), I = feel like I'm getting an important dose of emotion harnessing practice = early on. But my re-reads of HTMMIS always dropped me off at IBD's doorstep when = it came to mining. This is a very welcome "a-ha" lesson - one of many = that this group has taught so well. Thanks to Katherine and everyone.=20 Richard Katherine Malm wrote: Hi Ann and all, I have to agree with Bill on this. By the time something makes it to = a list like the WR or the IBD100, they've already *become* the leaders. = It makes a heck of a lot more sense to catch them as they're *becoming* = leaders. That is, if RS>=3D85 is considered a leader, then how the heck = did they get there? They rose from a lower RSRank to get there in the = first place. If they were rising in RSRank, then they were *rising in = price.* While looking for outperformance to the market and to other = stocks is a cornerstone of CANSLIM investing, I've never agreed that = mining should only be done after the stock is at RSRank 80 or 85. It's = true that leaders will pull back and offer new entry points, so having a = list of leaders is helpful. But the problem is, if you want to get the = best part of the move, you've got to be watching these guys as they set = up and start the lion's share of the move. The IBD started publishing an = index of the WR stocks over time, showing a mild percentage gain vs. a = sink hole return in the indexes during the Bear, but I suspect that if = one were to instead publish an index of stocks breaking out of sound = bases starting at a non-laggard RSRank>=3D70, then the index would be = substantially higher. Years ago, a friend of mine and I would meet every Saturday for = coffee and pour over the IBD together. At the time, he kept asking why = the heck all the stocks mentioned in the paper didn't offer up a good = entry point. Most of the time, the lists of stocks, the minigraphs, etc. = were already too extended. That meant that in order to use the IBD = itself for mining, we had to sift through the lilliputian stock tables = highlighting stocks from RSRank 70 and up, highlight up and coming = Industries, add the stocks from "Where the Big Money is Flowing" then = one by one look at all the charts. It was exhausting and incredibly time = consuming. My conclusion after practically loosing my eyesight (and my = Saturdays) was that while the IBD is an incredible resource for current = news, information on companies, keeping tabs on the Market and learning = about CANSLIM, it's a lousy mining tool. Once I'd figured that out, I set out to instead devise a methodology = that would let me mine for stocks that met the minimum requirements for = a CANSLIM-quality stock and were *just* beginning to outperform and = setup for a breakout. The goal was to own a stock before it showed up in = the IBD. Just as Bill suggested, seeing it in the IBD *after* I'd found = it was the ultimate test. Or, another way of saying it was that I didn't = want to see a single stock mentioned in the IBD that I didn't already = know about. For the most part, I think that implies that at the very = least, one needs some sort of technical software to do this. Many here = use HGS/Quotes Plus (QP2), DGO, Vectorvest and others to do this and = each has their own particular approach. But even with these tools, it = still requires looking through a lot of charts every day to make sure = you're seeing the stocks *as* they set up. As I'd rather be hiking the = Grand Canyon or having a margarita by the pool, that time spent = motivated me to develop even better tools for finding stocks setting up = for a breakout, leading to my partnership with Mike at the cwhcharts.com = site. That means that there is a third alternative to sifting through = the IBD or through a lot of charts, and that is to let a computer do all = that time consuming work for you. Our approach is to let the computer = find *all* the non-laggard stocks currently setting up in cup with = handle bases, put them on a watchlist, and then let us know = automatically if they are breaking out above their pivots. Now *there's* = an excuse to have another dip in the pool! Katherine - -------------------------------------------------------------------------= - ----- Do you Yahoo!? Free online calendar with sync to Outlook(TM). - ------=_NextPart_000_01AD_01C32A11.B6DDDDB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I remember during the summer and = fall of 2002=20 reading several of The Smart Investor columns in IBD.  It seem to = be at the=20 time that most of the featured investors had recalibrated their search = criteria=20 for stocks.  Rather than looking for stocks with the = standard=20 Earnings Strength and Relative Strength > 80 to ones with a much more = restrictive level.  Many said that they only consider stocks in the = upper=20 90s for these measures.
 
At that point, I began to wonder if = there wasn't a=20 "sweet spot" for these values when it comes to stock picking.  I = also=20 wondered if this sweet spot was a function of general market = conditions. =20 In good markets, the best stocks are much closer to the 80 end of = the scale=20 of these measures.  In bears markets, the sweet spot shifts to the = higher=20 end of the market.
 
 
Bob
----- Original Message -----
From:=20 Richard
Sent: Tuesday, June 03, 2003 = 2:10=20 AM
Subject: RE: Re: [CANSLIM] = breakouts to=20 come

Katherine, I've been lurking and learning for a few weeks, but I = just=20 have to step out of the shadows to thank you for shining a spotlight = on=20 exactly the thing I needed to learn right now.
 
I'm a new CS'er, I've been dabbling with small positions (50 = to 100=20 shares), stopping out fairly conservatively and doing = extensive=20 post-mortems on what went right and wrong. With real money on the=20 line (albeit not amounts that could hurt me greatly if things = went awry),=20 I feel like I'm getting an important dose of emotion harnessing = practice early=20 on.
 
But my re-reads of HTMMIS always dropped me off at IBD's doorstep = when it=20 came to mining. This is a very welcome "a-ha" lesson - one of many = that this=20 group has taught so well.
 
Thanks to Katherine and everyone.
 
Richard

Katherine Malm = <kmalm@earthlink.net>=20 wrote:
Hi Ann and all,
 
I have to agree with Bill on = this. By=20 the time something makes it to a list like the WR or the IBD100, = they've=20 already *become* the leaders. It makes a heck of a lot more sense to = catch=20 them as they're *becoming* leaders. That is, if RS>=3D85 is = considered a=20 leader, then how the heck did they get there? They rose from a lower = RSRank=20 to get there in the first place. If they were rising in RSRank, then = they=20 were *rising in price.* While looking for outperformance to the = market and=20 to other stocks is a cornerstone of CANSLIM investing, I've never = agreed=20 that mining should only be done after the stock is at RSRank 80 or = 85. It's=20 true that leaders will pull back and offer new entry points, so = having a=20 list of leaders is helpful. But the problem is, if you want to get = the best=20 part of the move, you've got to be watching these guys as they set = up and=20 start the lion's share of the move. The IBD started publishing an = index of=20 the WR stocks over time, showing a mild percentage gain vs. = a sink hole=20 return in the indexes during the Bear, but I suspect that if one = were to=20 instead publish an index of stocks breaking out of sound bases = starting at a=20 non-laggard RSRank>=3D70, then the index would be substantially=20 higher.
 
Years ago, a friend of mine = and I would=20 meet every Saturday for coffee and pour over the IBD together. At = the time,=20 he kept asking why the heck all the stocks mentioned in the paper = didn't=20 offer up a good entry point. Most of the time, the lists of stocks, = the=20 minigraphs, etc. were already too extended. That meant that in order = to use=20 the IBD itself for mining, we had to sift through the lilliputian = stock=20 tables highlighting stocks from RSRank 70 and up, highlight up and = coming=20 Industries, add the stocks from "Where the Big Money is Flowing"=20 then one by one look at all the charts. It was exhausting and=20 incredibly time consuming. My conclusion after practically loosing = my=20 eyesight (and my Saturdays) was that while the IBD is an incredible = resource=20 for current news, information on companies, keeping tabs on the = Market and=20 learning about CANSLIM, it's a lousy mining tool.
 
Once I'd figured that out, I = set out to=20 instead devise a methodology that would let me mine for stocks that = met the=20 minimum requirements for a CANSLIM-quality stock and were *just* = beginning=20 to outperform and setup for a breakout. The goal was to own a stock = before=20 it showed up in the IBD. Just as Bill suggested, seeing it in the = IBD=20 *after* I'd found it was the ultimate test. Or, another way of = saying it was=20 that I didn't want to see a single stock mentioned in the IBD that I = didn't=20 already know about. For the most part, I think that implies that at = the very=20 least, one needs some sort of technical software to do this. = Many here=20 use HGS/Quotes Plus (QP2), DGO, Vectorvest and others to do this and = each=20 has their own particular approach. But even with these tools, it = still=20 requires looking through a lot of charts every day to make sure = you're=20 seeing the stocks *as* they set up. As I'd rather be hiking the = Grand Canyon=20 or having a margarita by the pool, that time spent motivated me to = develop=20 even better tools for finding stocks setting up for a breakout, = leading to=20 my partnership with Mike at the cwhcharts.com site. That means that = there is=20 a third alternative to sifting through the IBD or through a lot of = charts,=20 and that is to let a computer do all that time consuming work for = you. Our=20 approach is to let the computer find *all* the non-laggard = stocks currently setting up in cup with handle bases, put them = on a=20 watchlist, and then let us know automatically if they are breaking = out above=20 their pivots. Now *there's* an excuse to have another dip in the=20 pool!
 
Katherine

Do you Yahoo!?
Free on= line=20 calendar with sync to Outlook(TM). - ------=_NextPart_000_01AD_01C32A11.B6DDDDB0-- - - - -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: Tue, 03 Jun 2003 21:00:25 -0400 From: Roger Tawa Subject: RE: Re: [CANSLIM] breakouts to come Hi Tomas, Here is an even cheaper method (i.e. costs nothing) if you are running windows 2000 or windows xp. 1. first make sure the window you want to capture is "selected". Just click on the title bar to make sure 2. press Alt-Print Screen. This copies the contents of the selected window to the clipboard 3. from the start menu, select "run...", type mspaint, and press OK 4. once the mspaint program has started, press Ctrl-V there you go. You can now save the picture. On windows 2000, the only options to save are .bmp and .gif. on xp, you have many more formats to choose from, including .jpg. note that you don't have to use mspaint in step 3. you can use your favourite drawing program. Hope this helps. ================================================= Roger Tawa http://tawacentral.net/ [One thing about paradigms: shift happens.] [When you stop, you're done.] -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, June 03, 2003 7:57 PM To: canslim@lists.xmission.com Subject: RE: Re: [CANSLIM] breakouts to come Hi Tomas, I assume you are referring to saving a digital (JPEG) copy of the chart to which you can add your own annotations. If so, I use a screen capture program called CapturePro that allows you to capture an entire window, even if all the contents is not currently displayed on your screen. It's a modestly priced program that you'll find at www.creativesoftworx.com. There are other free and shareware screen capture programs, but not many of them allow you to capture an entire window out of view. And yes, you are more than welcome to use, save, print and post the charts in any fair-use, non-commercial way as long as the copyright remains intact. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tomas Sent: Tuesday, June 03, 2003 5:41 PM To: canslim@lists.xmission.com Subject: RE: Re: [CANSLIM] breakouts to come Yea, I am beginning to realize that IBD is not a very good mining tool. Katherine, a question. How do you save those charts to annotate? I cannot seem to save the whole charts. I can only save one chart at a time. I am referring to your cwhcharts. Oh, I recalled you saying that it is ok to save your charts and annotate them, right? Regards, tomas - --- Katherine Malm wrote: > Hi Ann and all, > > I have to agree with Bill on this. By the time > something makes it to a list like > the WR or the IBD100, they've already *become* the > leaders. It makes a heck of a > lot more sense to catch them as they're *becoming* > leaders. That is, if RS>=85 > is considered a leader, then how the heck did they > get there? They rose from a > lower RSRank to get there in the first place. If > they were rising in RSRank, > then they were *rising in price.* While looking for > outperformance to the market > and to other stocks is a cornerstone of CANSLIM > investing, I've never agreed > that mining should only be done after the stock is > at RSRank 80 or 85. It's true > that leaders will pull back and offer new entry > points, so having a list of > leaders is helpful. But the problem is, if you want > to get the best part of the > move, you've got to be watching these guys as they > set up and start the lion's > share of the move. The IBD started publishing an > index of the WR stocks over > time, showing a mild percentage gain vs. a sink hole > return in the indexes > during the Bear, but I suspect that if one were to > instead publish an index of > stocks breaking out of sound bases starting at a > non-laggard RSRank>=70, then > the index would be substantially higher. > > Years ago, a friend of mine and I would meet every > Saturday for coffee and pour > over the IBD together. At the time, he kept asking > why the heck all the stocks > mentioned in the paper didn't offer up a good entry > point. Most of the time, the > lists of stocks, the minigraphs, etc. were already > too extended. That meant that > in order to use the IBD itself for mining, we had to > sift through the > lilliputian stock tables highlighting stocks from > RSRank 70 and up, highlight up > and coming Industries, add the stocks from "Where > the Big Money is Flowing" then > one by one look at all the charts. It was exhausting > and incredibly time > consuming. My conclusion after practically loosing > my eyesight (and my > Saturdays) was that while the IBD is an incredible > resource for current news, > information on companies, keeping tabs on the Market > and learning about CANSLIM, > it's a lousy mining tool. > > Once I'd figured that out, I set out to instead > devise a methodology that would > let me mine for stocks that met the minimum > requirements for a CANSLIM-quality > stock and were *just* beginning to outperform and > setup for a breakout. The goal > was to own a stock before it showed up in the IBD. > Just as Bill suggested, > seeing it in the IBD *after* I'd found it was the > ultimate test. Or, another way > of saying it was that I didn't want to see a single > stock mentioned in the IBD > that I didn't already know about. For the most part, > I think that implies that > at the very least, one needs some sort of technical > software to do this. Many > here use HGS/Quotes Plus (QP2), DGO, Vectorvest and > others to do this and each > has their own particular approach. But even with > these tools, it still requires > looking through a lot of charts every day to make > sure you're seeing the stocks > *as* they set up. As I'd rather be hiking the Grand > Canyon or having a margarita > by the pool, that time spent motivated me to develop > even better tools for > finding stocks setting up for a breakout, leading to > my partnership with Mike at > the cwhcharts.com site. That means that there is a > third alternative to sifting > through the IBD or through a lot of charts, and that > is to let a computer do all > that time consuming work for you. Our approach is to > let the computer find *all* > the non-laggard stocks currently setting up in cup > with handle bases, put them > on a watchlist, and then let us know automatically > if they are breaking out > above their pivots. Now *there's* an excuse to have > another dip in the pool! > > Katherine > - - - -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: Tue, 3 Jun 2003 15:20:54 -1000 From: "Mike Gibbons" Subject: RE: Re: [CANSLIM] breakouts to come Hi Roger, That method only captures the visible contents of the window, at least on Windows 2000, it may be different on XP although I don't think so. If the entire area you want to capture is visible, that method works fine. The tool Katherine uses captures the entire contents of the window, even the parts you might have to scroll to to make visible. I don't know of a Windows method that allows you to do that (although it may be an undocumented feature). Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Roger Tawa Sent: Tuesday, June 03, 2003 3:00 PM To: canslim@lists.xmission.com Subject: RE: Re: [CANSLIM] breakouts to come Hi Tomas, Here is an even cheaper method (i.e. costs nothing) if you are running windows 2000 or windows xp. 1. first make sure the window you want to capture is "selected". Just click on the title bar to make sure 2. press Alt-Print Screen. This copies the contents of the selected window to the clipboard 3. from the start menu, select "run...", type mspaint, and press OK 4. once the mspaint program has started, press Ctrl-V there you go. You can now save the picture. On windows 2000, the only options to save are .bmp and .gif. on xp, you have many more formats to choose from, including .jpg. note that you don't have to use mspaint in step 3. you can use your favourite drawing program. Hope this helps. ================================================= Roger Tawa http://tawacentral.net/ [One thing about paradigms: shift happens.] [When you stop, you're done.] -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, June 03, 2003 7:57 PM To: canslim@lists.xmission.com Subject: RE: Re: [CANSLIM] breakouts to come Hi Tomas, I assume you are referring to saving a digital (JPEG) copy of the chart to which you can add your own annotations. If so, I use a screen capture program called CapturePro that allows you to capture an entire window, even if all the contents is not currently displayed on your screen. It's a modestly priced program that you'll find at www.creativesoftworx.com. There are other free and shareware screen capture programs, but not many of them allow you to capture an entire window out of view. And yes, you are more than welcome to use, save, print and post the charts in any fair-use, non-commercial way as long as the copyright remains intact. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tomas Sent: Tuesday, June 03, 2003 5:41 PM To: canslim@lists.xmission.com Subject: RE: Re: [CANSLIM] breakouts to come Yea, I am beginning to realize that IBD is not a very good mining tool. Katherine, a question. How do you save those charts to annotate? I cannot seem to save the whole charts. I can only save one chart at a time. I am referring to your cwhcharts. Oh, I recalled you saying that it is ok to save your charts and annotate them, right? Regards, tomas - --- Katherine Malm wrote: > Hi Ann and all, > > I have to agree with Bill on this. By the time > something makes it to a list like > the WR or the IBD100, they've already *become* the > leaders. It makes a heck of a > lot more sense to catch them as they're *becoming* > leaders. That is, if RS>=85 > is considered a leader, then how the heck did they > get there? They rose from a > lower RSRank to get there in the first place. If > they were rising in RSRank, > then they were *rising in price.* While looking for > outperformance to the market > and to other stocks is a cornerstone of CANSLIM > investing, I've never agreed > that mining should only be done after the stock is > at RSRank 80 or 85. It's true > that leaders will pull back and offer new entry > points, so having a list of > leaders is helpful. But the problem is, if you want > to get the best part of the > move, you've got to be watching these guys as they > set up and start the lion's > share of the move. The IBD started publishing an > index of the WR stocks over > time, showing a mild percentage gain vs. a sink hole > return in the indexes > during the Bear, but I suspect that if one were to > instead publish an index of > stocks breaking out of sound bases starting at a > non-laggard RSRank>=70, then > the index would be substantially higher. > > Years ago, a friend of mine and I would meet every > Saturday for coffee and pour > over the IBD together. At the time, he kept asking > why the heck all the stocks > mentioned in the paper didn't offer up a good entry > point. Most of the time, the > lists of stocks, the minigraphs, etc. were already > too extended. That meant that > in order to use the IBD itself for mining, we had to > sift through the > lilliputian stock tables highlighting stocks from > RSRank 70 and up, highlight up > and coming Industries, add the stocks from "Where > the Big Money is Flowing" then > one by one look at all the charts. It was exhausting > and incredibly time > consuming. My conclusion after practically loosing > my eyesight (and my > Saturdays) was that while the IBD is an incredible > resource for current news, > information on companies, keeping tabs on the Market > and learning about CANSLIM, > it's a lousy mining tool. > > Once I'd figured that out, I set out to instead > devise a methodology that would > let me mine for stocks that met the minimum > requirements for a CANSLIM-quality > stock and were *just* beginning to outperform and > setup for a breakout. The goal > was to own a stock before it showed up in the IBD. > Just as Bill suggested, > seeing it in the IBD *after* I'd found it was the > ultimate test. Or, another way > of saying it was that I didn't want to see a single > stock mentioned in the IBD > that I didn't already know about. For the most part, > I think that implies that > at the very least, one needs some sort of technical > software to do this. Many > here use HGS/Quotes Plus (QP2), DGO, Vectorvest and > others to do this and each > has their own particular approach. But even with > these tools, it still requires > looking through a lot of charts every day to make > sure you're seeing the stocks > *as* they set up. As I'd rather be hiking the Grand > Canyon or having a margarita > by the pool, that time spent motivated me to develop > even better tools for > finding stocks setting up for a breakout, leading to > my partnership with Mike at > the cwhcharts.com site. That means that there is a > third alternative to sifting > through the IBD or through a lot of charts, and that > is to let a computer do all > that time consuming work for you. Our approach is to > let the computer find *all* > the non-laggard stocks currently setting up in cup > with handle bases, put them > on a watchlist, and then let us know automatically > if they are breaking out > above their pivots. Now *there's* an excuse to have > another dip in the pool! > > Katherine > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #3357 ****************************** 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.