From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3478 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, August 6 2003 Volume 02 : Number 3478 In this issue: RE: NWRE (was [CANSLIM] Hi, ) Re: [CANSLIM] filter ---------------------------------------------------------------------- Date: Wed, 6 Aug 2003 16:16:06 -0500 From: "Katherine Malm" Subject: RE: NWRE (was [CANSLIM] Hi, ) This is a multi-part message in MIME format. - ------=_NextPart_000_00A6_01C35C36.0A831CE0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_00A7_01C35C36.0A831CE0" - ------=_NextPart_001_00A7_01C35C36.0A831CE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 8bit Hi Mark, The "dry up" in a handle is evidence that, while there are some sellers of the stock, they do not have the upper hand. After moving up the right hand side of a base on increasing volume (evidence of accumulation), the stock will start to approach it's ulitmate area of resistance (nearing the left hand side of the base, where the correction began). After retracing at least 50% of the move on the left side of the base, if and when the price falls back on lower volume, this ostensibly shows that there is still some selling, but that the buyers who were accumulating holdings while the stock moved back toward resistance are reluctant to let go. That's why the breakout is a powerful move. The idea is that what little selling there is left is now overwhelmed by the buyers as they attempt to accumulate more of the stock and move it well past the most recent consolidation. Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mark Kerson Sent: Wednesday, August 06, 2003 3:47 PM To: canslim@lists.xmission.com Subject: RE: NWRE (was [CANSLIM] Hi, ) Hi Katherine, Thanks for the reply. I guess my question was not clear. I am not interested in buying the stock. I think it has too many negatives. But I am interested what would cause and what the extreme drying up of volume in a handle as it approaches the 50 day line indicates? Does it mean that shares available for sale have dried up? Or perhaps it indicates that there is a general loss of interest in a given stock so that no one is buying or selling it? It just seems like such an extreme drop in volume I’m curious about it. Or, perhaps, it is an unanswerable question. But thanks for trying anyway. Mark -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Wednesday, August 06, 2003 4:27 PM To: canslim@lists.xmission.com Subject: RE: NWRE (was [CANSLIM] Hi, ) Hi Mark, NWRE has had some trouble breaking free of it's current area of consolidation, as it failed to break away from the previous base. There are some good and bad points that I see in the chart: http://www.breakoutwatch.com/katherine/NWRE080603Wkly.JPG All in all, I wouldn't take on the risk of something like this unless it *proved* it's ability to breakout from this latest base (high volume breakout with an underlying healthy market). Given that the market is pulling back, it's very possible that the RSLine will start to head back up, particularly if it can pause here and complete it's low volume handle while the rest of the market is in a funk. Worth watching, though the volatility makes this one a higher risk choice than many other CANSLIM quality stocks. Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mark Kerson Sent: Wednesday, August 06, 2003 2:28 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Hi, I’m looking at NWRE. Its grades are mediocre. I am not looking at buying it. But I’m interested in the chart. It is forming a handle and as it approaches the 50 day line the volume has dropped to ¼ of the average volume. (466k vs. currently around 140k) I think I remember reading in IBD this was an indication that shares available for sale were drying up. Which in turn would drive the price higher? It also seems significant that it is doing this as it approaches the 50 day line. I would appreciate any insights or thoughts about this chart pattern. Thank you, Mark - ------=_NextPart_001_00A7_01C35C36.0A831CE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Mark,
 
The "dry up" in a handle is = evidence that,=20 while there are some sellers of the stock, they do not have the upper = hand.=20
 
After moving up the right hand = side of a=20 base on increasing volume (evidence of accumulation), the stock will = start to=20 approach it's ulitmate area of resistance (nearing the left hand side of = the=20 base, where the correction began). After retracing at least 50% of the = move on=20 the left side of the base, if and when the price falls back on lower = volume,=20 this ostensibly shows that there is still some selling, but that the = buyers who=20 were accumulating holdings while the stock moved back toward resistance = are=20 reluctant to let go. That's why the breakout is a powerful move. The = idea is=20 that what little selling there is left is now overwhelmed by the buyers = as they=20 attempt to accumulate more of the stock and move it well past the most = recent=20 consolidation.
 
Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mark=20 Kerson
Sent: Wednesday, August 06, 2003 3:47 = PM
To:=20 canslim@lists.xmission.com
Subject: RE: NWRE (was [CANSLIM] = Hi,=20 )

Hi=20 Katherine,=20

 

Thanks for = the reply.=20

 

I guess my = question=20 was not clear.

 

I am=20 not = interested in buying=20 the stock. I think it has too many negatives.

 

But I am = interested=20 what would cause and what the extreme drying up of volume in a handle = as it=20 approaches the 50 day line indicates? Does it mean that shares = available for=20 sale have dried up? Or perhaps it indicates that there is a general = loss of=20 interest in a given stock so that no one is buying or selling it?=20

 

It just = seems like=20 such an extreme drop in volume I=92m curious about it. =

 

Or, = perhaps, it is an=20 unanswerable question.

 

But thanks = for trying=20 anyway.

 

Mark

 

 

 

 

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine = Malm
Sent: = Wednesday, August=20 06, 2003 4:27 PM
To:=20 canslim@lists.xmission.com
Subject: RE: NWRE (was = [CANSLIM] Hi,=20 )

 

Hi = Mark,

 

NWRE has had some trouble = breaking free=20 of it's current area of consolidation, as it failed to break away from = the=20 previous base. There are some good and bad points that I see in the=20 chart:

 

http:/= /www.breakoutwatch.com/katherine/NWRE080603Wkly.JPG

=

 

All in all, I wouldn't take = on the risk=20 of something like this unless it *proved* it's ability to breakout = from this=20 latest base (high volume breakout with an underlying healthy market). = Given=20 that the market is pulling back, it's very possible that the RSLine = will start=20 to head back up, particularly if it can pause here and complete it's = low=20 volume handle while the rest of the market is in a funk. Worth = watching,=20 though the volatility makes this one a higher risk choice than many = other=20 CANSLIM quality stocks.

 

Katherine

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mark = Kerson
Sent: Wednesday, August 06, = 2003 2:28=20 PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Hi,=20

I=92m=20 looking at NWRE.

 

Its=20 grades are mediocre. I am not looking at buying it. =

 

But=20 I=92m interested in the chart.

 

It=20 is forming a handle and as it approaches the 50 day line the volume = has=20 dropped to =BC of the average volume. (466k vs. currently around = 140k)=20  

 

I=20 think I remember reading in IBD this was an indication that shares = available=20 for sale were drying up.  Which in turn would drive the price = higher?=20 It also seems significant that it is doing this as it approaches the = 50 day=20 line.

 

I=20 would appreciate any insights or thoughts about this chart pattern.=20  

 

Thank=20 you,

 

Mark=20

 

 

 

 

 

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Do not use quotes in your email. ------------------------------ Date: Wed, 6 Aug 2003 16:31:39 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] filter This is a multi-part message in MIME format. - ------=_NextPart_000_00DD_01C35C38.366EA250 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jeff, the definition: EPS Growth Quarter vs. Quarter The percent change between current quarter EPS versus the same quarter = one year ago. 70 is way too high, lower it to zero (means no degradation) and you'll = identify 2 stocks. Were you thinking 70 as the EPS rank? Last Volume: the way that you've stated it you'll find yesterday's = volume breakouts. Why not use 90,000.... you'll identify a couple of more. Gene ----- Original Message -----=20 From: Jeff Henderson=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 4:11 PM Subject: RE: [CANSLIM] filter Gene, =20 I'm sorry I don't understand what you are saying. =20 Jeff =20 =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci Sent: Wednesday, August 06, 2003 3:53 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] filter =20 Jeff, =20 I would start with the EPS growth rate qtr vs qtr...=20 =20 Gene =20 ----- Original Message -----=20 From: Jeff Henderson=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 3:41 PM Subject: RE: [CANSLIM] filter =20 Ok, for the sake of organization here is a link to my filter: = http://moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=3DSV= 1QF153Z04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116M= ZF116Z00F102Z04L10Z&Name=3Do%27neal&Tickers=3D25 =20 As I mentioned earlier I am using the EXACT recommendations from = O'Neil's book but I am getting NO query results. Why is this? Are = WON's standards too high? What fundamentals should I be using? I = assume we all can agree on the CANSLIM methods but I guess there is = disagreement in the specific numbers to be used. =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Wednesday, August 06, 2003 2:46 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] filter =20 Hi Gene, =20 Please see my follow up clarification post on the comment on "the = prior 52 weeks." =20 I did not state nor intend to imply that MSN screeners weren't = effective, but that they would not produce the same results as those you = would get when using DGO/IBD RSRanks. It's worth noting for those that = are unaware that the RS values at free screening sites such as MSN are = *not* the same as those from IBD/DGO. The same is true of industry = ranks, etc., as the methdologies are quite different. =20 It does leave a particular question, however, as to why you would = find it necessary to use free MSN screeners when you use several = different subscription services (HGSI and Vectorvest) and also use = Metastock for screening (though I realize you probably use the QP2 data = from the HGSI feed). HGSI, in particular, closely mirrors the IBD/DGO = RSranks and includes EPS ranks as well. They also have a particularly = comprehensive set of tools for performing analysis of a stock's = technicals and fundamentals. Why use so many different tools?=20 =20 Katherine =20 =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci Sent: Wednesday, August 06, 2003 2:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] filter Hi Katherine, I'm pretty sure that the RS ranks are not based over = the prior 52 weeks. And, I have found the MSN screener to be very effective.=20 =20 Gene ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 2:21 PM Subject: RE: [CANSLIM] filter =20 Hi Jeff, =20 I might add a note of caution on using the MSN screener. That = is, their RS ranks are based on a flat change in price over the prior 52 = weeks. This is significantly different than IBD's RS ranks, which are = weighted so that the price action in the most recent quarter carries = more weight (40%), while previous quarter's each carry 20% weight. The = other difference in RS ranks is that the database over which they are = determined is very different. RS ranks for the IBD are based on a = universe of stocks which includes *only* common stocks on the major US = (NASDAQ, NYSE, AMEX) and Canadian exchanges, plus closed end bond and = equity funds. From what I remember, MSN RS ranks are calculated across = all equities in the US markets, including warrants and preferreds. While = the RS ranks at MSN are indeed useful, you would not be emulating the = IBD rankings for purposes of filtering your stocks. =20 Katherine -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of DMC197807 Sent: Wednesday, August 06, 2003 2:08 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] filter Jeff, =20 If you're using a free scanner, why don't you use the one Gene = posted a couple of days ago (I'll repost his post) and play with the = criteria there. If I adjust relative strength to 80 or above it spits = out 15 names. =20 As for CANSLIM criteria, after M one supposes they are all = important, and my descending order is no better (could be a lot worse) = than anyone else's. However, you are asking a question that I answered = 2 days ago, at least from my perspective. This is from my note on 8/4 = to Yien: =20 =20 <> =20 DMC ----- Original Message -----=20 From: Jeff Henderson=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 11:40 AM Subject: RE: [CANSLIM] filter =20 Sorry about the misunderstanding I was using the CANSLIM = acronym. I'll explain my filter again. First off I use MSN as my = filter source. Here is my filter that I use: current earnings per share = (the same quarter a year ago)>=3D70%, annual earnings per share over the = past 5 years, >=3D 24% compounded, shares outstanding<25,000,000, = relative strength> 80%. =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807 Sent: Wednesday, August 06, 2003 11:23 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] filter =20 Jeff, =20 I don't understand which filter/scan you are using, or what = all your variables mean. If you're using a public scan or stockcharts, = maybe you can put in a link here? =20 If C =3D capitalization and you are using only the top 30% = of stocks you've filtered out way too many stocks already. In = capitalization I only filter out the very top stocks, but that's just = me. I don't know what your S is. For relative strength I use the top = 40% of the market, that is, stocks outperforming 60%. =20 I'm willing to let some other names in because after this = scan gives me names, I'm happy to look through charts to find = appropriate patterns. =20 DMC =20 =20 ----- Original Message -----=20 From: Jeff Henderson=20 To: Canslim=20 Sent: Wednesday, August 06, 2003 9:02 AM Subject: [CANSLIM] filter =20 After reading O'Neil's book I decided to use the filter = C>=3D70, A>=3D5, S<25,000,000, relative strength>80 and last volume 1.5 = average quarterly volume. To my dismay, no stocks popped up. How would = you alter this filter? - ------=_NextPart_000_00DD_01C35C38.366EA250 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Jeff, the definition: EPS Growth Quarter vs. Quarter
The percent = change=20 between current quarter EPS versus the same quarter one year = ago.
 
70 is way too high, lower it to zero = (means no=20 degradation) and you'll identify 2 stocks.
 
Were you thinking 70 as the EPS=20 rank?
 
Last Volume: the way that you've = stated it=20 you'll find yesterday's volume breakouts.
 
Why not use 90,000.... you'll identify = a couple=20 of more.
Gene
 
 
----- Original Message -----
From:=20 Jeff = Henderson=20
Sent: Wednesday, August 06, = 2003 4:11=20 PM
Subject: RE: [CANSLIM] = filter

Gene,

 

I=92m sorry = I don=92t=20 understand what you are saying.

 

Jeff

 

 

-----Original=20 Message-----
From: = owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene = Ricci
Sent: Wednesday, August 06,=20 2003 = 3:53=20 PM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM]=20 filter

 

Jeff,

 

I would=20 start with the EPS growth rate qtr vs qtr...=20

 

Gene

 

----- Original Message = - -----=20

From: Jeff = Henderson=20

To: canslim@lists.xmission.com= =20

Sent:=20 Wednesday, August=20 06, 2003 = 3:41=20 PM

Subject: RE:=20 [CANSLIM] filter

 

Ok,=20 for the sake of organization here is a link to my filter:=20 http://= moneycentral.msn.com/investor/invsub/finder/finderx.asp?Query=3DSV1QF153Z= 04L70ZF131Z04L24ZF3Z00F233Z05L25000000ZF307Z04L80ZF5Z04L1%2e5F116MZF116Z0= 0F102Z04L10Z&Name=3Do%27neal&Tickers=3D25

 

As I mentioned earlier = I am=20 using the EXACT recommendations from O=92Neil=92s book but I am = getting NO query=20 results.  Why is = this?  Are WON=92s standards too = high?  What fundamentals should I = be=20 using?  I assume we = all can=20 agree on the CANSLIM methods but I guess there is disagreement in = the=20 specific numbers to be used.

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of = Katherine=20 Malm
Sent:=20 Wednesday, August=20 06, 2003 = 2:46=20 PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM]=20 filter

 

Hi=20 Gene,

 

Please see my follow = up=20 clarification post on the comment on "the prior 52=20 weeks."

 

I did not state nor = intend to=20 imply that MSN screeners weren't effective, but that they would not = produce=20 the same results as those you would get when using DGO/IBD RSRanks. = It's=20 worth noting for those that are unaware that the RS values at free = screening=20 sites such as MSN are *not* the same as those from IBD/DGO. The same = is true=20 of industry ranks, etc., as the methdologies are quite=20 different.

 

It does leave a = particular=20 question, however, as to why you would find it necessary to use free = MSN=20 screeners when you use several different subscription services (HGSI = and=20 Vectorvest) and also use Metastock for screening (though I realize = you=20 probably use the QP2 data from the HGSI feed). HGSI, in particular, = closely=20 mirrors the IBD/DGO RSranks and includes EPS ranks as well. They = also have a=20 particularly comprehensive set of tools for performing analysis of a = stock's=20 technicals and fundamentals. Why use so many different tools?=20

 

Katherine

 

 

 -----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene = Ricci
Sent: Wednesday, August 06, = 2003 = 2:31=20 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 filter

Hi=20 Katherine, I'm pretty sure that the RS ranks are not based over = the prior=20 52 weeks.

And, I=20 have found the MSN screener to be very effective.=20

 

Gene

----- Original=20 Message -----

From: Katherine=20 Malm

To: canslim@lists.xmission.com= =20

Sent:=20 Wednesday,=20 August 06, 2003 = 2:21=20 PM

Subject: RE:=20 [CANSLIM] filter

 

Hi=20 Jeff,

 

I might add a note of = caution on=20 using the MSN screener. That is, their RS ranks are based on a = flat=20 change in price over the prior 52 weeks. This is significantly = different=20 than IBD's RS ranks, which are weighted so that the price action = in the=20 most recent quarter carries more weight (40%), while previous = quarter's=20 each carry 20% weight. The other difference in RS ranks is that = the=20 database over which they are determined is very different. RS = ranks for=20 the IBD are based on a universe of stocks which includes *only* = common=20 stocks on the major=20 = US=20 (NASDAQ, NYSE, AMEX) and Canadian exchanges, plus = closed end=20 bond and equity funds. From what I remember, MSN RS ranks are = calculated=20 across all equities in the=20 = US=20 markets, including warrants and preferreds. While the RS ranks = at MSN=20 are indeed useful, you would not be emulating the IBD rankings = for=20 purposes of filtering your stocks.

 

Katherine

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 DMC197807
Sent: = Wednesday, = August 06,=20 2003 = 2:08=20 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 filter

Jeff,

 

If you're=20 using a free scanner, why don't you use the one Gene posted a = couple=20 of days ago (I'll repost his post) and play with the criteria=20 there.  If I adjust relative strength to 80 or above it = spits out=20 15 names.

 

As for=20 CANSLIM criteria, after M one supposes they are all important, = and my=20 descending order is no better (could be a lot worse) than = anyone=20 else's.  However, you are asking a question that I = answered 2=20 days ago, at least from my perspective.  This is from my = note on=20 8/4 to Yien:

 

 

<<Good, that's a bunch of = information=20 that you can't use.  Now, for some you
can.  = There are=20 only 3 numbers which matter, when all the dust is = settled.
They are=20 NOT p/e, d/e, current ratio, PEG, profit margin or=20 inventory
turnover.

THEY ARE:  Price paid for = shares,=20 Price received for shares, Time held.

Now, MILSCAN = (Canslim to=20 some of you) is a very interesting approach, and
can = possibly, with=20 strong position and money management systems, help you = to
buy low=20 and sell high in a timely timeframe.

Here's how I think = of=20 these factors, in descending order of = importance:

<<M is=20 for the market and the market trend.  We are at an = inflection=20 point
here, so it's lookout below, or perhaps lookout=20 above.

N is for new highs in the stock, breaking out = above the=20 pivot point

L is for an relative strength rating of 70 = or=20 better

A is for annual earnings growth (this is for = additional=20 comfort)

C is for current quarterly earnings (this is = for=20 additional comfort)

I is for institutional = sponsorship =20 (this is a timing issue--I think I trust
the chart over = this, for=20 some reason)

S is for supply of stock (looking for a = relatively=20 low no. of shares--here I
want to exclude the over-issued = monsters=20 like CSCO and INTC where it will
take a ton of momentum to = move the=20 billions of shares outstanding).

In closing, using TA = and FA=20 together is a good idea, but when in conflict,
trust the = TA. =20 Remember, out of 7000 stocks we are looking for 1 or 2 = names
a week=20 on which to carefully place our=20 hopes. >>

 

DMC

-----=20 Original Message -----

Sent:=20 Wednesday, = August 06,=20 2003 = 11:40=20 AM

Subject:=20 RE: [CANSLIM] filter

 

Sorry about=20 the misunderstanding I was using the CANSLIM acronym.  I=92ll explain my = filter=20 again.  First = off I use=20 MSN as my filter source. =20 Here is my filter that I use: current earnings per = share (the=20 same quarter a year ago)>=3D70%, annual earnings per = share over the=20 past 5 years, >=3D 24% compounded, shares=20 outstanding<25,000,000, relative strength>=20 80%.

 

-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of=20 DMC197807
Sent: = Wednesday, = August 06,=20 2003=20 11:23=20 AM
To:=20 canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 filter

 

Jeff,

 

I don't=20 understand which filter/scan you are using, or what all your = variables mean.  If you're using a public scan or = stockcharts,=20 maybe you can put in a link = here?

 

If C =3D=20 capitalization and you are using only the top 30% of stocks = you've=20 filtered out way too many stocks already.  In = capitalization I=20 only filter out the very top stocks, but that's just = me.  I=20 don't know what your S is.  For relative strength I use = the top=20 40% of the market, that is, stocks outperforming=20 60%.

 

I'm willing=20 to let some other names in because after this scan gives me = names,=20 I'm happy to look through charts to find appropriate=20 patterns.

 

DMC

 

 

-----=20 Original Message -----

From: Jeff=20 Henderson

To: Canslim=20

Sent:=20 Wednesday, = August 06,=20 2003=20 9:02=20 AM

Subject: [CANSLIM]=20 filter

 

After=20 reading O=92Neil=92s book I decided to use the filter = C>=3D70,=20 A>=3D5, S<25,000,000, relative strength>80 and = last volume=20 1.5 average quarterly volume.  To my dismay, no = stocks=20 popped up.  = How would=20 you alter this=20 = filter?

- ------=_NextPart_000_00DD_01C35C38.366EA250-- - - - -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 #3478 ****************************** 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.