From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #476 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 Thursday, December 17 1998 Volume 02 : Number 476 In this issue: [CANSLIM] Merry Christmas Re: [CANSLIM] Initial Market Decline May Be on Lower Volume [CANSLIM] OCLI [CANSLIM] M [CANSLIM] Puts/Calls '90 and '91 [CANSLIM] QP2 SCANS [CANSLIM] Just a little more uptend... Re: [CANSLIM] OCLI [CANSLIM] (no subject) Re: [CANSLIM] Initial Market Decline May Be on Lower Volume Re: [CANSLIM] QP2 Scans [CANSLIM] geoc [CANSLIM] On "M" [CANSLIM] Breakouts AMTR, OCLI & TGO [CANSLIM] Just a little more uptend... done. Re: [CANSLIM] M Re: [CANSLIM] M [CANSLIM] Sentiment - 90-91 Put/Call Re: [CANSLIM] Initial Market Decline May Be on Lower Volume [CANSLIM] OBV/MF/technical [Connie Mack] Re: [CANSLIM] Applying classic Elder to current Canslim "M" [CANSLIM] Not CANSLIM: the Market [CANSLIM] LHSG b/o Re: [CANSLIM] LHSG b/o ---------------------------------------------------------------------- Date: Tue, 15 Dec 1998 20:35:00 -0600 From: Wayne & Laura Risner Subject: [CANSLIM] Merry Christmas To all on Wayne's World and Laura's email list, I never sent an email to this many people in my life. I hope everyone has a Jerry Christmas and a happy new Weir. I mean a Merry Christmas and a happy new year. Wayne & Laura & the pugs ( Wyatt and Annie) - - ------------------------------ Date: Wed, 16 Dec 1998 18:49:34 -0600 From: "John Adair, M.D." Subject: Re: [CANSLIM] Initial Market Decline May Be on Lower Volume I think your suggestion to sit on it for the duration of 98 is a good one . Do you fear it enough to go to cash until 99 or after impeachment hearings are over. John Adair dbphoenix wrote: > It's easy to get wrapped up in short-term buy and sell signals at > times like these. It's also a big mistake. Craig's reference to > broad brushstrokes was well-worth paying attention to. > > Bring up a price-and-volume bar chart of the Naz for the last few > months and remove all MAs, trendlines, text notes, etc., and just look > at the relationship of price and volume. Notice how volume has been > contracting for nearly two weeks during this "dome". This is not to > say that we are facing imminent collapse. The Dow and S&P have pulled > back into their trading ranges very quickly, which is a good sign. > The NYSE and the Naz have yet to fall through their trading ranges, > which is also a plus. However, volume is nothing to get excited > about. And we are very near Christmas, and those who have been > through this period know what that's like. Maybe the major averages > will all reach new highs on spectacular volume, but since the markets > will be effectively closed during much of the next few weeks, one may > not want to take any new positions if the only people around are > daytraders. > > --Db > > == > > "Lessons are repeated until they are learned." > > http://home.talkcity.com/MoneySt/dbphoenix/ > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Wed, 16 Dec 1998 20:03:41 -0500 From: "sam morrison" Subject: [CANSLIM] OCLI Could today's (12-16-98) price/volume action of OCLI be considered a breakout of a C/H pattern? And if so would it be proper canslim to take a position considering the current market conditions? I am a beginner and would appreciate comments. Sam - - ------------------------------ Date: Wed, 16 Dec 1998 20:00:58 -0500 From: Jeffry White Subject: [CANSLIM] M Need help. IBD suggests today that the '90 bear market formed a similar cup and handle base as we are seeing now in the indices. The Iraq War (or whatever you want to call it) resulted in a breakout in January '91, the last documented bull market turn. The month-by-month comparision to this "bear" and "cup and handle" phase is interesting, the suggestion that Clinton impeachment efforts may provide the catalyst for a new "bull" is likewise intriguing. However, as I recall, sentiment from Summer '90 was way "bullish" and took until the end of the year to burn down to the levels we saw in early October of this year. Does anyone have access to ANY sentiment data from 10/90 through 1/91. A chart of Puts/Calls, advisor sentiment, newsletters, anything for a little bit of comparison. Frank? Didn't you send me a chart on sentiment from the 90-91 period? Thanks for your help. Jeff P.S. Found one from Frank back in August, but it's only from 1/91 forward. Ain't quite swift enough to send it the the ftp, or whatever. Perhaps someone out there can find one with all of '90 included so that we could have a look. Based upon the chart I'm looking at, sentiment was at the opposite extreme in late '90 early '91 from where we are now. - - ------------------------------ Date: Wed, 16 Dec 1998 20:09:23 -0500 From: Jeffry White Subject: [CANSLIM] Puts/Calls '90 and '91 Here's a Puts/Calls ratio chart for the period: http://decisionpoint.com/HistCharts/PCfiles/pc9092.html JW - - ------------------------------ Date: Wed, 16 Dec 1998 20:17:40 -0500 From: "twells5" Subject: [CANSLIM] QP2 SCANS John, From the QP2 Homepage there is a link to a site which has the "Largest QP2 scan database in the world." I saw at least one CANSLIM scan there, but I didn't download it so I don't know whether or not it is any good at CANSLIM screening. There may be others there as well. Good luck. Tim W. - - ------------------------------ Date: 16 Dec 1998 23:10:43 -0300 From: Krukever Subject: [CANSLIM] Just a little more uptend... I just need a little more uptend to cash out for a good vacations, i hope to touch my sell stops in aol and cmvt. I think i will liquidate aeos and ann, they don=B4t seem to move from the range they=B4re in. It=B4s a pitty i got= out too soon from seek. SALUDOS, DIEGO KRUKEVER.- - - ------------------------------ Date: Wed, 16 Dec 1998 18:32:00 -0800 From: Tim Fisher Subject: Re: [CANSLIM] OCLI The chart is remarkably similar to HH. Today appears to be a legit breakout on their earnings report. Some people don't like breakouts on news; AFAIK WON doesn't care what causes the move. It has decent fundies bu the debt would concern me. My sell stops are getting taken out one by one - for me that means no buying until a buy signal is given by the market. At 08:03 PM 12/16/98 -0500, you wrote: >Could today's (12-16-98) price/volume action of OCLI be considered a >breakout of a C/H pattern? And if so would it be proper canslim to take a >position considering the current market conditions? I am a beginner and >would appreciate comments. > >Sam > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Wed, 16 Dec 1998 22:00:26 EST From: Ssingh@aol.com Subject: [CANSLIM] (no subject) * #*# *. *.- ~.~. ~ - -._ . _.* ~~~~~~~ | | MARRY CHRISTMAS & HAPPY NEW YEAR - - ------------------------------ Date: Wed, 16 Dec 1998 20:36:29 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Initial Market Decline May Be on Lower Volume Date sent: Wed, 16 Dec 1998 21:40:33 +0100 To: canslim@lists.xmission.com > What I have learned lately is that I do not have to sell so quickly when > the 4 distribution days in a row present themselves. WON never said this > either. I should only weed the weak ones. Especially with a market that has > had this strong upward momentum there is plenty of time to phase out (if > necessary). I plotted the distribution days on the S&P a few months ago over the past few years, and didn't find them that predictive of market declines. Often they only signaled a pause or very brief decline. Regarding selling stocks, when I see volatility go up, as it has recently, I usually at least get off margin, and I do that by selling what I am closest to break even on. I try to hang on to anything that still seems to have upside potential if the market resumes its uptrend. - - ------------------------------ Date: Wed, 16 Dec 1998 20:36:29 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] QP2 Scans From: "John Iding" To: > I tried to look back at archives for previous discussions about this ... > with no luck ... I am interested in QP2 scan criteria that comes close to > CANSLIM criteria ... just got the software and playing with it ... thanks > ... John I think a good start is the 1,3, and 5 year revenue and earnings growth functions, then add in average volume, close > 15 or so, and maybe make sure price is greater than the 50 day moving average. That will give a manageable list that can be manually scanned. I am new on Quotes plus, can't hlep too much, maybe trying EPS growth > 30% a year is a good start. - - ------------------------------ Date: Wed, 16 Dec 1998 20:42:36 -0800 From: "Patrick Wahl" Subject: [CANSLIM] geoc Geotel (GEOC) broke out (again) from a flat base today. Volume looked to be a bit over double the average today. Also, Express Scipts is forming a nice base after a recent price rise. That is one to keep an eye on. - - ------------------------------ Date: Wed, 16 Dec 1998 23:14:59 -0500 From: "Tom Worley" Subject: [CANSLIM] On "M" Not surprisingly, Asia is mostly down following the US attack on Iraq. More interesting is New Zealand up over 2%, a lot of strength there. No surprise, the vote on impeaching Slick Willy has now been postponed. While I'm still idealistic enough to believe that the attack is unrelated to his political troubles, I am also glad I have no family members in the "cannon fodder" cadre. Japan again falling below 14 thousand level, reality once again winning out over sentiment. Prepare for more volatility in the marketplace, VIX back over 30 and climbing. Tom W - - ------------------------------ Date: Thu, 17 Dec 1998 11:16:23 +0700 From: "Peter D. Christiansen" Subject: [CANSLIM] Breakouts AMTR, OCLI & TGO OCLI and TGO staged convincing looking breakouts today. AMTR looks like it is starting to break out. - -- Peter Christiansen Chiang Mai - Thailand * Those who would give up essential Liberty to purchase a little temporary Safety, deserve neither Liberty nor Safety. -- Benjamin Franklin, 1759 * - - ------------------------------ Date: 17 Dec 1998 01:17:30 -0300 From: Krukever Subject: [CANSLIM] Just a little more uptend... done. >I just need a little more uptend to cash out for a good vacations, i hope to >touch my sell stops in aol and cmvt. I think i will liquidate aeos and ann, >they don=B4t seem to move from the range they=B4re in. It=B4s a pitty= i got out too >soon from seek. DONE!, i=B4ve cashed out everything. I think i got out too soon because i= had potential in aol... but, a good holiday is first. I=B4ll be out for a month, so have a happy new year and happy Christmas for everyone. I=B4ll not trade this month but i=B4ll leave you a stock list for analizing: cof c csco wcom "CMGI" "AOL" nsol vrio exds xmcm SALUDOS, DIEGO KRUKEVER.- - - ------------------------------ Date: Wed, 16 Dec 1998 23:52:26 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] M At 20:00 12/16/98 -0500, you wrote: >Need help. > >However, as I recall, sentiment from Summer '90 was way "bullish" and >took until the end of the year to burn down to the levels we saw in >early October of this year. Almost. Bulls High of 49.6% on 7/30/90. Bulls hit a low of 27.9% on 9/24/90 and then started back up. By 2/18/91 the Bulls were up to 51.3% > >Does anyone have access to ANY sentiment data from 10/90 through 1/91. >A chart of Puts/Calls, advisor sentiment, newsletters, anything for a >little bit of comparison. > >Frank? Didn't you send me a chart on sentiment from the 90-91 period? > >Thanks for your help. > >Jeff The chart I sent you is also available at Decision Point. http://decisionpoint.com/ChartsWeekly/0aaii.html I almost hate to admit that I have the AAII sentiment numbers, Market Vane, and Investors Intelligence from 7/3/89 to 9/13/93. I have the period you are interested in. It is on an old 286 laptop that the floppy doesn't work on anymore. I'll have to go through a modem transfer to get it to my current W95 machine. It is also in (God Jeffery, you're making me give away my ancientness) Quatro Pro Ver 1.0 format. I'll upconvert it, pretty it up, post it on a web site I'll post the 'URL' to here. I also have the weekly Put/Call ratios for the S&P100 and the CBOE Equity options from 6/18/90 to 9/20/93. Ditto on the process to get a chart to ya. If you'd like the raw data also, let me know and I'll make it so you can download either a .csv, .wb3 (quatro) file or an Excel. Sometime on Thursday is the best I can do as far as expediting the info though. Regards, Frank Wolynski - - ------------------------------ Date: Wed, 16 Dec 1998 17:48:18 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] M This is a list of Market Vane Bullish Sentiment from 1990-1991. I hope it helps. DAT MV 01/05/90 51% 01/12/90 50% 01/19/90 57% 01/26/90 59% 02/02/90 50% 02/09/90 43% 02/16/90 42% 02/23/90 47% 03/02/90 42% 03/09/90 46% 03/16/90 51% 03/23/90 52% 03/30/90 54% 04/06/90 53% 04/13/90 57% 04/20/90 56% 04/27/90 53% 05/04/90 51% 05/11/90 51% 05/18/90 58% 05/25/90 59% 06/01/90 62% 06/08/90 58% 06/15/90 57% 06/22/90 54% 06/29/90 50% 07/06/90 50% 07/13/90 55% 07/20/90 59% 07/27/90 55% 08/03/90 54% 08/10/90 45% 08/17/90 48% 08/24/90 44% 08/31/90 49% 09/07/90 51% 09/14/90 53% 09/21/90 51% 09/28/90 48% 10/05/90 51% 10/12/90 51% 10/19/90 43% 10/26/90 45% 11/02/90 48% 11/09/90 50% 11/16/90 45% 11/23/90 48% 11/30/90 47% 12/07/90 45% 12/14/90 49% 12/21/90 40% 12/28/90 40% 01/04/91 44% 01/11/91 41% 01/18/91 39% 01/25/91 46% 02/01/91 46% 02/08/91 49% 02/15/91 61% 02/22/91 71% 03/01/91 63% 03/08/91 60% 03/15/91 59% 03/22/91 56% 03/29/91 59% 04/05/91 59% 04/12/91 57% 04/19/91 57% 04/26/91 47% 05/03/91 58% 05/10/91 52% 05/17/91 50% 05/24/91 54% 05/31/91 52% 06/07/91 52% 06/14/91 51% 06/21/91 48% 06/28/91 39% 07/05/91 41% 07/12/91 41% 07/19/91 46% 07/26/91 47% 08/02/91 45% 08/09/91 42% 08/16/91 46% 08/23/91 39% 08/29/91 39% 09/05/91 40% 09/12/91 39% 09/19/91 36% 09/26/91 38% 10/03/91 40% 10/10/91 35% 10/17/91 38% 10/24/91 44% 10/31/91 52% 11/07/91 42% 11/14/91 45% 11/21/91 40% 11/28/91 36% 12/05/91 35% 12/12/91 36% 12/19/91 35% 12/26/91 35% - ---Jeffry White wrote: > > Need help. > > IBD suggests today that the '90 bear market formed a similar cup and > handle base as we are seeing now in the indices. The Iraq War (or > whatever you want to call it) resulted in a breakout in January '91, the > last documented bull market turn. > > The month-by-month comparision to this "bear" and "cup and handle" phase > is interesting, the suggestion that Clinton impeachment efforts may > provide the catalyst for a new "bull" is likewise intriguing. > > However, as I recall, sentiment from Summer '90 was way "bullish" and > took until the end of the year to burn down to the levels we saw in > early October of this year. > > Does anyone have access to ANY sentiment data from 10/90 through 1/91. > A chart of Puts/Calls, advisor sentiment, newsletters, anything for a > little bit of comparison. > > Frank? Didn't you send me a chart on sentiment from the 90-91 period? > > Thanks for your help. > > Jeff > > P.S. Found one from Frank back in August, but it's only from 1/91 > forward. Ain't quite swift enough to send it the the ftp, or whatever. > Perhaps someone out there can find one with all of '90 included so that > we could have a look. Based upon the chart I'm looking at, sentiment > was at the opposite extreme in late '90 early '91 from where we are now. > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 17 Dec 1998 07:00:51 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Sentiment - 90-91 Put/Call My data started in mid 90. - ---------------------------------------------------------------------------- - -------- || S&P 100 || || CBOE Equity || || Date || Puts Calls || Ratio || Puts Calls || Ratio || - ---------------------------------------------------------------------------- - -------- 06/18/90 || 852165 927050 || 0.92 || 253411 813178 || 0.31 || 06/25/90 || 432814 401449 || 1.08 || 242400 594198 || 0.41 || 07/02/90 || 476605 477574 || 1.00 || 229370 551003 || 0.42 || 07/09/90 || 269917 231990 || 1.16 || 105530 350086 || 0.30 || 07/16/90 || 609729 618795 || 0.99 || 242663 830068 || 0.29 || 07/23/90 || 775762 790195 || 0.98 || 342204 944374 || 0.36 || 07/30/90 || 602346 444237 || 1.36 || 298628 723337 || 0.41 || 08/06/90 || 737342 583648 || 1.26 || 406243 828434 || 0.49 || 08/13/90 || 889307 751932 || 1.18 || 329710 671609 || 0.49 || 08/20/90 || 1008942 789995 || 1.28 || 356500 692807 || 0.51 || 08/27/90 || 805550 700317 || 1.15 || 357785 748105 || 0.48 || 09/03/90 || 527271 540074 || 0.98 || 237934 541907 || 0.44 || 09/10/90 || 424750 369079 || 1.15 || 169364 402326 || 0.42 || 09/17/90 || 641534 549504 || 1.17 || 217132 466827 || 0.47 || 09/24/90 || 906688 696625 || 1.30 || 344436 565299 || 0.61 || 10/01/90 || 705745 659777 || 1.07 || 347964 679455 || 0.51 || 10/08/90 || 642885 767835 || 0.84 || 293967 616694 || 0.48 || 10/15/90 || 958974 857896 || 1.12 || 404829 591569 || 0.68 || 10/22/90 || 989469 1043618 || 0.95 || 386421 745312 || 0.52 || 10/29/90 || 421590 507129 || 0.83 || 284849 567646 || 0.50 || 11/05/90 || 541642 613922 || 0.88 || 280763 462066 || 0.61 || 11/12/90 || 667795 694186 || 0.96 || 226769 440370 || 0.51 || 11/19/90 || 841351 902321 || 0.93 || 265989 718429 || 0.37 || 11/26/90 || 277639 254891 || 1.09 || 172909 318805 || 0.54 || 12/03/90 || 435888 499868 || 0.87 || 202546 441027 || 0.46 || 12/10/90 || 587653 645573 || 0.91 || 348547 797863 || 0.44 || 12/17/90 || 536294 444798 || 1.21 || 268320 549315 || 0.49 || 12/24/90 || 660530 710040 || 0.93 || 250107 650952 || 0.38 || 12/31/90 || 153693 125558 || 1.22 || 93614 179585 || 0.52 || 01/07/91 || 339347 327885 || 1.03 || 165915 349342 || 0.47 || 01/14/91 || 831350 698589 || 1.19 || 265942 491890 || 0.54 || 01/21/91 || 955582 926868 || 1.03 || 442373 930042 || 0.48 || 01/28/91 || 477154 440561 || 1.08 || 315372 635496 || 0.50 || 02/04/91 || 565121 553871 || 1.02 || 289211 646049 || 0.45 || 02/11/91 || 926869 930493 || 1.00 || 317075 1012180 || 0.31 || 02/18/91 || 968187 1119328 || 0.86 || 323658 1040373 || 0.31 || 02/25/91 || 405670 370081 || 1.10 || 229920 542222 || 0.42 || 03/04/91 || 534449 544273 || 0.98 || 286446 829038 || 0.35 || 03/11/91 || 675830 725988 || 0.93 || 264073 811660 || 0.33 || 03/18/91 || 787162 876547 || 0.90 || 310135 842050 || 0.37 || 03/25/91 || 428800 408897 || 1.05 || 341444 720479 || 0.47 || 04/01/91 || 307478 383152 || 0.80 || 228501 561122 || 0.41 || 04/08/91 || 515879 599858 || 0.86 || 258158 578233 || 0.45 || 04/15/91 || 587731 640167 || 0.92 || 250903 606359 || 0.41 || 04/22/91 || 920275 1099060 || 0.84 || 329283 994887 || 0.33 || 04/29/91 || 474661 459532 || 1.03 || 275294 828008 || 0.33 || 05/06/91 || 562625 540488 || 1.04 || 241651 543351 || 0.44 || 05/13/91 || 647819 677402 || 0.96 || 241736 585064 || 0.41 || 05/20/91 || 947079 860519 || 1.10 || 282997 555041 || 0.51 || 05/27/91 || 384380 346669 || 1.11 || 202917 447856 || 0.45 || 06/03/91 || 438062 447216 || 0.98 || 183811 584265 || 0.31 || 06/10/91 || 464118 463711 || 1.00 || 217141 552370 || 0.39 || 06/17/91 || 558824 567142 || 0.99 || 221327 443513 || 0.50 || 06/24/91 || 720605 699550 || 1.03 || 270979 550679 || 0.49 || 07/01/91 || 483314 419932 || 1.15 || 243319 459673 || 0.53 || 07/08/91 || 311094 281771 || 1.10 || 132409 312105 || 0.42 || 07/15/91 || 580695 594900 || 0.98 || 220770 495770 || 0.45 || 07/22/91 || 558673 700683 || 0.80 || 286733 762793 || 0.38 || 07/29/91 || 359670 375802 || 0.96 || 200654 459571 || 0.44 || 08/05/91 || 364656 415107 || 0.88 || 185664 482946 || 0.38 || 08/12/91 || 482862 562036 || 0.86 || 191195 450520 || 0.42 || 08/19/91 || 710804 773262 || 0.92 || 290542 698141 || 0.42 || 08/26/91 || 637546 581701 || 1.10 || 287651 651072 || 0.44 || 09/02/91 || 332828 321704 || 1.03 || 193282 486486 || 0.40 || 09/09/91 || 396398 356774 || 1.11 || 215204 452416 || 0.48 || 09/16/91 || 569981 534272 || 1.07 || 283347 583415 || 0.49 || 09/23/91 || 572037 597913 || 0.96 || 237246 630769 || 0.38 || 09/30/91 || 352062 391314 || 0.90 || 227732 601504 || 0.38 || 10/07/91 || 594735 555923 || 1.07 || 172460 421590 || 0.41 || 10/14/91 || 591941 595835 || 0.99 || 260661 481076 || 0.54 || 10/21/91 || 696838 823581 || 0.85 || 306231 814882 || 0.38 || 10/28/91 || 437518 425761 || 1.03 || 241920 499167 || 0.48 || 11/04/91 || 471437 518597 || 0.91 || 212499 555410 || 0.38 || 11/11/91 || 511519 558978 || 0.92 || 192129 493923 || 0.39 || 11/18/91 || 768283 760507 || 1.01 || 274257 610961 || 0.45 || 11/25/91 || 833967 665062 || 1.25 || 231335 635037 || 0.36 || 12/02/91 || 348118 348519 || 1.00 || 151550 330081 || 0.46 || 12/09/91 || 565505 552958 || 1.02 || 243686 567969 || 0.43 || 12/16/91 || 702927 642964 || 1.09 || 224270 518700 || 0.43 || 12/23/91 || 761382 741051 || 1.03 || 180809 574381 || 0.31 || 12/30/91 || 394028 431005 || 0.91 || 170937 478939 || 0.36 || - - ------------------------------ Date: Thu, 17 Dec 1998 10:08:47 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Initial Market Decline May Be on Lower Volume >I plotted the distribution days on the S&P a few months ago over >the past few years, and didn't find them that predictive of market >declines. Often they only signaled a pause or very brief decline. Patrick, I'd always combine distribution reading with sentiment readings. Otherwise one is going to look at distribution days that are less meaningfull. Not all distribution days are 'imminent danger' signals. And as a side note: In the 'the past few years' the market has stormed ahead like crazy. Looking at the big pictures over a period of many years, every correction has been somewhat of a joke if you will. In that sence looking nealrly all distribution days have little meaning. - -- Johan Van Houtven - - ------------------------------ Date: Thu, 17 Dec 1998 09:40:24 -0500 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF/technical [Connie Mack] These five stocks are OBV/MF: CERS TECH RSCR EOG APA They are in various stages of readiness to buy. Here is a chance to apply technical indicators to determine which show the most promise. E.g., apply the standard indicators: 3/7/10 EMA, stochastics, and MACD. Apply also the 50 and 200 EMA. Check for double bottom. Check support and resistance. EOG and RSCR look best. Connie Mack - - ------------------------------ Date: Thu, 17 Dec 1998 05:08:04 -0500 From: Scott Vickery Subject: Re: [CANSLIM] Applying classic Elder to current Canslim "M" Thanks Tom. Walter, I did not find the series of postings that you made. I assume that they were culled from Elder's book Trading for a Living. Correct? If so, I intend to get the book soon (either for Christmas, or the next day from Amazon :) ) Scott Tom Worley wrote: > Scott, > > Try this address, should work to the limits of its capability: > > http://www.xmission.com/~mcjathan/canslim/search.html > > Tom W > > -----Original Message----- > From: Scott Vickery > To: canslim@lists.xmission.com > Date: Tuesday, December 15, 1998 9:08 PM > Subject: Re: [CANSLIM] Applying classic Elder to current Canslim "M" > > Hey there, > I am purusing the archive from last spring, and it is a bit tedious > this way. > > Did I see a simple search engine for the archive somewhere? Seems > like I > did, but, I do not seem to see it now. > > Scott > > At 03:43 PM 12/11/98 -0500, you wrote: > >Hello Doctor, > > > >You can access the archives at the following address: > > > >http://www.xmission.com/~mcjathan/cgi/lwgate.cgi/CANSLIM/ > > > >My series from the spring is in there. I don't have the volume > >numbers available, but will try to dig out the information when > >I have some time. In the interim if you want to find them, > >look for keywords: "Elder" and "Triple Screen". > > > >One other note: If the MACD-histogram display is hard > >to read or ambiguous on the computer screen, > >readers should print out the Bigchart charts on hardcopy. > >I find them far clearer on paper. This applies to my > >example of the Nasdaq index chart. > > > >Happy trading, > > > >Walter. > > > >John Adair, M.D. wrote: > > > >> Sounds good. can you tell me how to get into the archives for a > year > >> ago. > >> John Adair > >> > >> Walter Stock wrote: > >> > >> > When trying to decipher "M", I concentrate on three > >> > things (ok, ok, I admit I pay attention to lots > >> > of economic "noise" too). > >> > > >> > Anyway the three are: > >> > 1) WON's follow-through and distribution signals > >> > according to HTMMIS and his IBD series. > >> > 2) Market psychology (see IBD Thursday editions > >> > for sentiment indicators). > >> > 3) Dr. Alexander Elder's Triple Screen > >> > > >> > If you are using triple screen with the S&P 500 or > >> > Nasdaq indices this year, you are making substantial money. > >> > > >> > Go to Bigcharts and pull up a Nasdaq chart using > >> > the following parameters: > >> > > >> > Symbol: Nasdaq > >> > Time: 1 year > >> > Frequency: Weekly > >> > Lower indicator: MACD > >> > Leave the rest of the fields blank. > >> > > >> > Remember that these are the correct settings for an > >> > intermediate-term Canslim-style trader. > >> > > >> > Following this first screen alone, and looking for initial > >> > MACD-histogram upticks for entry into the market, > >> > this would have been your "M" schedule for the year: > >> > > >> > In: Last week of December 97 > >> > Out: 1st week April 98 > >> > > >> > In: 3rd week June > >> > Out: 3rd week July > >> > > >> > In: 2nd week Sept > >> > Out: 4th week Sept > >> > > >> > In: 2nd week October > >> > We are still in today and will exit with the first downtick > >> > in the MACD-histogram. More cautious triple-screeners > >> > will already be taking profits and exiting weaker stocks. > >> > ( I have already cut back to 30% invested.) > >> > > >> > I don't think you ask for much better "M" results for > >> > this year. Then again, Elder's approach works best in > >> > the kind of trending markets we have been in. > >> > (So don't fall in love with just one bloody indicator.) > >> > > >> > Newbies interested in applying this to individual stocks > >> > should look up my series from last spring in the archives > >> > (especially the applications using KEA and other stocks). > >> > The full triple screen is applied there in some detail. > >> > > >> > Hope this helps, > >> > > >> > Walter Stock > >> > Oakville, ON, Canada > >> > > >> > - > >> > >> - > > > > > > > > > >- > > > > > > - > > - - - ------------------------------ Date: Thu, 17 Dec 1998 09:04:37 -0800 (PST) From: rolatzi Subject: [CANSLIM] Not CANSLIM: the Market The market has spoken today. It suppports the bombing of Iraq and doesn't want to see Clinton impeached :-). Best wishes for happy and prosperous holiday to you all. Ciao, rolatzi _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 17 Dec 1998 13:23:44 -0800 From: Tim Fisher Subject: [CANSLIM] LHSG b/o LHSG broke out of a flat base today (not any CANSLIM formation), up >10% on 1.X ADV. XLSW also broke out of an HTF-like formation. This one is marginal; LHSG has great fundies. IMRS has great fundies and broke out of a declining chart, again not a CANSLIM formation. Would like to see some more M opinions. I am still holding my cash. What are the rest of you doing? Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 17 Dec 1998 19:18:19 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] LHSG b/o Date sent: Thu, 17 Dec 1998 13:23:44 -0800 To: canslim@lists.xmission.com > Would like to see some more M opinions. I am still holding my cash. What > are the rest of you doing? My market opinions usually aren't worth the electrons they are written with (something like that) but I am in the market, looking to buy more stuff. I can't figure out much more than market direction, and it seems to be up, so I am in. Many breakouts over the last few weeks, more than I can buy. Today, SNRZ looked like it might be ready to make a move. Also, NTAP moved out of a very short base. Finally, MMGR settled a Y2K lawsuit yesterday and moved up today, I think the buy point is 30, it is still a bit short of that point, but close. - - ------------------------------ End of canslim-digest V2 #476 ***************************** 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.