From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #510 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 Monday, January 25 1999 Volume 02 : Number 510 In this issue: The 3/7/10 EMA (was Fw: [CANSLIM] Entry & Exix Points) [CANSLIM] State of the Market [CANSLIM] Newbie M watch Re: [CANSLIM] Newbie M watch [CANSLIM] Weekly Stock List - January 22, 1999 - Condensed Version Re: [CANSLIM] Newbie M watch RE: [CANSLIM] Newbie M watch [CANSLIM] leadership Re: [CANSLIM] leadership ---------------------------------------------------------------------- Date: Sun, 24 Jan 1999 01:01:47 -0500 From: "Tom Worley" Subject: The 3/7/10 EMA (was Fw: [CANSLIM] Entry & Exix Points) For those members searching for some of Connie's "classics" on EMA, here's one I kept, you could try searching the archives around this date for others. If I find any more on this topic, will post them as well since we seem to be pretty slow these days. Tom W stkguru@netside.net ICQ # 5568838 - -----Original Message----- From: Connie Mack Rea To: canslim@lists.xmission.com Date: Wednesday, April 15, 1998 8:22 PM Subject: Re: [CANSLIM] Entry & Exix Points David-- Glad to help. Go to this address: http://bigcharts.com BigCharts has two main screens. One brings up the charts. The other has numerical data on stocks. Click in the upper left corner on BigCharts to change screens. In the left frame, under the "Draw Chart" button, click "Indicators." Under "Moving Averages," there are SMA [simple moving average] and EMA [exponential moving average]. Click the EMA [3-line]. At the top of the chart you will see EMA 5, EMA 10, and EMA 15. These are BC's default numbers. On the stock price will be three colored lines representing the the EMAs. To alter the default settings, deselect the 5, which is visible, by clicking on it, as if you were selecting it. If the 5 turns blue, you have deselected it. Enter this sequence minus the brackets: [3,7,10]. Now you have the new 3-number EMA. To see a comment on any indicator, click on the text above any window. E.g., clicking on "Moving Averages" will bring up a screen from which you can read a comment. In the window below "Lower Indicators," click on the arrow. You may have to move the arrow pointing to the right to see the other arrow. Clicking on the arrow brings up a series of indicators and other information. Click on MoneyFlow and then on "Draw Chart" to see a MF chart at the bottom of the screen under the price chart. The OBV [On Balance Volume] is on the same list as MF. Click OBV, and you're in business. Thanks for the mail, David. Connie Mack hoseco7@concentric.net wrote: > This was a great post thank you very much Connie. > Just one thing for us rookies. > Please, if you dont mind, explain "OBV and MF" > Also the three number EMA. > This part went right over my head . > > thanks David > -----Original Message----- > From: Connie Mack Rea > To: canslim > Date: Wednesday, April 15, 1998 1:19 PM > Subject: [CANSLIM] Entry & Exix Points > > >Members-- > > > >Several members have said privately what I see mentioned to the > entire > >group: I am late getting in and slow getting out. > > > >May I suggest what I have said privately. As most of you know, I am > not > >a follower of Canslim but rather a day/swing trader who has been made > > >welcome--despite his failure to have seen the Canslim light. > > > >My criteria for buying are probably more restrictive than most > traders; > >too, they are different in that my initial screening is based on my > >reading of OBV and MF. Though I have separate software for these > >readings, I have found that readings from BigCharts are so little > >different that you will not err if you use only BC. > > > >Because Canslim rules are arbitrarily conservative, you must expect > to > >miss initial moves. E.g., the cup and handle configuration is > powerful; > >and it is conservative. Its very shape absolutely requires that a > stock > >passes from some arbitrary level, to a lower lever, and back to the > >original level. Beyond that, the figure requires a sifting out > period > >[the handle]. > > > >When the stock breaks out from the handle [or any flat period], you > must > >be prepared for a return to the break out point--irrespective of > >volume. I have noticed comments about a breakout [and frequently > false > >breaks] giving a nice gain that was lost when the stock fell back, > often > >to a place below the handle. Not only was the gain erased, but a > loss > >resulted. > > > >From just a casual look at several Canslim choices, I see that a > stock > >with Canslim prospects could be bought earlier. E.g., once you find > a > >good prospect, consider making an entry [1] before the cup is > completed > >or, if not then, [2] before the handle completes. > > > >You could let the chart pattern dictate your entry point. You could > >elect to use an EMA indicator as your guide. BigCharts lets you set > >your three number EMA. I use a 3/7/10, which is pretty quick, > perhaps > >too quick for most. I have suggested a 5/10/15 as an EMA more > >conservative; however, there is not much different between the two. > A > >10/15/20 EMA would be quite safe in most instances, especially if > you > >wait until the 15 lines passes through the 20. The larger the EMA, > the > >later your entry. It is best to back test each of these. > > > >The more Canslim requirements, the later your entry. One member > asked > >recently if anyone had ever seen a pure Canslim stock; he thought he > had > >not. To me, this suggests that either there are too many > requirements > >or that there should be permitted qualifying amendments. Other > members > >suggest that there is not sufficient clarity as to when each > requirement > >is met. > > > >Tom probably knows as much about Canslim as any member; yet he often > >must offer up opinion rather than dictum about when rules are met. > >Too, different sources may give different numbers. From my > >conversations with Tom, I believe it is fair to say that he does not > >unequivocally adhere to Canslim rules. I would not expect someone > with > >his experience to do otherwise. Tom has spoken to the group about is > > >own occasional day trading. > > > >Experienced traders and investors are like pilots who on a good VFR > day > >just fly by the seat of their pants when they know the territory. I > >have good radios and VFR/IFR maps, but some days I just like to fly. > > > >Experienced traders and investors don't forsake all the rules, but > >sometimes the rules are set aside. But neither gets careless--like > the > >destroyer captain who wrongly set his depth charges and blew up the > >boat. > > > >One way to avoid getting non-plussed about meeting all the Canslim > rules > >is to set a weight to each principle such that they total, say, 100. > >E.g., I heavily weight my OBV/MF indicator such that if both > criterion > >are not met, I don't buy [except when I take a flyer and fly by the > seat > >of my pants]. If the OBV/MF indicator is go, then I use the 3/7/10 > EMA > >to find an entry point. Without a buy from the EMA, I don't take a > >position. I just watch. > > > >If you will set a weight to each Canslim requirement [and Tom could > help > >here] and then arbitrarily set a cumulative base number, say, to 85, > or > >whatever number you chose, you will avoid missing some of the early > rise > >in the stock price. The larger the number, the later your entry. In > > >some instances, you might have a base number high enough such that > one > >of the Canslim requirements might be ignored. > > > >If you're uneasy about a stock that sits on your base number or > nearby, > >follow this sequence: [1] choose a 3-number EMA to determine an entry > > >point; and you can use the EMA for exit also; [2] look at both the > >SlowStochastic and FastStochastic [recall that when you call up the > >SlowStochastic there is within that indicator two lines, one fast and > > >one slow; same is true of the FastStochastic]; [3] check the MACD; > this > >can give give a buy or sell signal, but I use it only for a general > >confirmation; this is a lagging indicator. These are my arbitrary > >choices; if you've others, look at them. But don't let the addition > of > >further indicators again make you non-plussed. > > > >Always remember not to get too cute with indicators. Some software > I've > >had offered over 50. I look at six or seven at most, but I never > lose > >sight of the weight I put in my OBV/MF and 3/7/10. I buy all the > >groceries and pay the rent with just these few. > > > >I see some of you attend to the standard moving averages. A 10 EMA > is > >really jerky. The 40 and 50 EMAs are smoother and are used by > >everyone. Then come the conservative 100 and 200. But if you let > these > >carry weight, you have further complicated the significance of your > >weighted Canslim base number. I have a friend who makes spending > money > >by trading long and short off the 20 EMA. Whatever works for you is > >what you must learn to give weight to. Vary from that strategy and > you > >are inviting problems. > > > >You can believe with 100 percent assurance that O'Neill does not > follow > >his principles without fail. Surely no one is naive enough to > believe > >that the information he gives to institutions and wealthy individuals > > >comes from his books and writings. And to believe that this > information > >would be what you and I would receive is to play at ducks and geese. > > > >You ought to look at all paid-for market information as a punitive > >expedition against naive and amateur market players. To believe > >otherwise is to believe that prices ought to break out on all three > >sides of a triangle before you take a position. > > > >It's better to be punished for original sin than not to have your > >indicators weighted and orderly--and not to believe in yourself. > > > >Connie Mack > > > > > > > >- > > > > > > - - - - - ------------------------------ Date: Sun, 24 Jan 1999 09:31:48 -0800 (PST) From: rolatzi Subject: [CANSLIM] State of the Market The following is my weekly scan of the market data. The DJ30 is noticeably weaker than the other indices. It showed a reversal and compression on the last three days of trading. In addition, the Elder MACD histogram hit a maximum on 1/12/99 and has been declining since. Neither the NYSE or NASDAQ showed reversals on increased volume last week. With regard to the Elder MACD histogram the NYSE it a maximum on 1/11/99 and NASDAQ hit a maximum on 1/20/99. This suggests a possible correction on the NASDAQ. Ciao, Rolatzi Symbol, Date, Hi, Low, Close, Vol, MACD !DJ30,12/22/1998,9122.99,8909.29,9044.46, 58.51, 86.09 !DJ30,12/23/1998,9255.84,9022.58,9202.03, 58.32, 87.96 !DJ30,12/24/1998,9289.57,9146.42,9217.99, 20.21, 89.70 !DJ30,12/28/1998,9330.50,9133.54,9226.75, 45.91, 91.17 !DJ30,12/29/1998,9375.30,9152.34,9320.98, 51.15, 93.85 !DJ30,12/30/1998,9390.75,9211.30,9274.64, 48.25, 95.24 !DJ30,12/31/1998,9343.64,9106.77,9181.43, 53.40, 94.68,Compress !DJ30,01/04/1999,9393.84,9089.00,9184.27, 89.41, 93.95 !DJ30,01/05/1999,9389.46,9137.66,9311.19, 79.86, 95.14 !DJ30,01/06/1999,9608.05,9315.42,9544.97, 10.34, 99.87 !DJ30,01/07/1999,9616.29,9369.12,9537.76, 88.29,103.77,Reversal !DJ30,01/08/1999,9759.44,9447.91,9643.32,103.25,108.79 !DJ30,01/11/1999,9751.46,9446.36,9619.89, 98.72,112.65 !DJ30,01/12/1999,9680.40,9394.87,9474.68, 95.68,113.41 !DJ30,01/13/1999,9485.24,9134.06,9349.56,109.06,111.67,Compress !DJ30,01/14/1999,9380.20,9052.44,9120.93, 90.51,105.93 !DJ30,01/15/1999,9381.74,9124.02,9340.55, 79.44,104.06 !DJ30,01/19/1999,9499.14,9165.73,9355.22, 76.36,102.28 !DJ30,01/20/1999,9552.44,9230.35,9335.91,105.22,100.03,Reversal !DJ30,01/21/1999,9377.36,9228.55,9264.08,106.80, 96.46,Compress !DJ30,01/22/1999,9289.31,8998.89,9120.67,104.63, 90.50 !NYA ,12/22/1998,580.82,574.13,578.75, 7.45, 6.49 !NYA ,12/23/1998,589.58,578.66,588.95, 6.88, 6.68 !NYA ,12/24/1998,589.94,587.82,589.07, 2.47, 6.84 !NYA ,12/28/1998,591.05,587.18,589.01, 5.33, 6.97,Reversal !NYA ,12/29/1998,597.05,587.32,597.05, 5.89, 7.20 !NYA ,12/30/1998,597.86,593.68,594.27, 6.00, 7.35,Reversal !NYA ,12/31/1998,597.82,592.70,595.81, 7.55, 7.49 !NYA ,01/04/1999,602.83,590.47,594.12, 8.85, 7.57,Reversal !NYA ,01/05/1999,600.24,594.00,599.91, 7.81, 7.72 !NYA ,01/06/1999,611.05,599.88,611.01, 7.84, 8.02 !NYA ,01/07/1999,611.01,604.47,609.19, 8.59, 8.24,Compress !NYA ,01/08/1999,612.20,605.86,611.06, 9.42, 8.45 !NYA ,01/11/1999,611.06,600.06,604.04, 8.17, 8.50 !NYA ,01/12/1999,604.04,593.61,594.59, 7.96, 8.36 !NYA ,01/13/1999,595.50,579.76,590.72, 9.34, 8.15,Compress !NYA ,01/14/1999,591.56,579.71,581.07, 7.97, 7.77 !NYA ,01/15/1999,593.40,581.07,593.39, 7.98, 7.61 !NYA ,01/19/1999,596.86,588.34,594.83, 7.88, 7.46 !NYA ,01/20/1999,602.11,593.07,596.09, 9.11, 7.33 !NYA ,01/21/1999,596.45,586.57,588.03, 8.73, 7.06 !NYA ,01/22/1999,588.03,580.73,583.75, 7.80, 6.71 !COMP,12/22/1998,2144.60,2105.50,2120.90, 0.91, 46.15 !COMP,12/23/1998,2172.50,2134.20,2172.50, 0.97, 47.88 !COMP,12/24/1998,2171.30,2162.60,2163.00, 0.45, 49.15 !COMP,12/28/1998,2190.10,2163.00,2180.30, 0.87, 50.47 !COMP,12/29/1998,2186.10,2161.80,2181.70, 0.92, 51.56 !COMP,12/30/1998,2196.60,2160.90,2166.90, 0.93, 52.15,Reversal !COMP,12/31/1998,2200.60,2165.70,2192.60, 0.89, 52.97 !COMP,01/04/1999,2233.50,2192.60,2208.00, 0.94, 53.83 !COMP,01/05/1999,2251.70,2206.40,2251.20, 0.95, 55.18 !COMP,01/06/1999,2320.90,2286.10,2320.80, 1.26, 57.42 !COMP,01/07/1999,2333.70,2284.20,2326.00, 1.21, 59.38 !COMP,01/08/1999,2369.50,2314.90,2344.40, 1.29, 61.31 !COMP,01/11/1999,2384.70,2348.20,2384.50, 1.15, 63.55 !COMP,01/12/1999,2396.30,2320.20,2320.70, 1.11, 64.34 !COMP,01/13/1999,2353.30,2205.60,2316.80, 1.20, 64.81,Compress !COMP,01/14/1999,2338.20,2276.30,2276.80, 1.02, 64.38 !COMP,01/15/1999,2348.70,2276.80,2348.20, 1.01, 64.98 !COMP,01/19/1999,2408.40,2348.20,2408.10, 1.07, 66.35 !COMP,01/20/1999,2474.30,2414.80,2415.40, 1.29, 67.51 !COMP,01/21/1999,2403.50,2335.70,2344.70, 1.09, 67.18 !COMP,01/22/1999,2365.11,2303.82,2338.88, 1.02, 66.58 _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 24 Jan 1999 15:49:21 -0500 From: Carter Diggs Subject: [CANSLIM] Newbie M watch I have been studying CANSLIM for about 9 months now and have posted occasionally and communicated privately with a few members. I have done a total of 9 trades and have yet to make money (although on two occasions I was up 17-19% at one point before the breakouts failed). I'm now trying to regroup and study my shortcomings and am becoming a little braver about posting. So just quiet me down if I am cluttering up the list too much! Today's question: WON says to stand aside if M is not favorable. In this market this seems to me to change very frequently. The IBD "Big Picture" section implies (to my inexperienced ears) that last week's DJII decline 3 days in a row with an A/D rating of D is nothing to worry about since "pullbacks on receding volume are a sign of a normal market". But what does this mean if I had a breakout of a stock on my watch list on Friday? Should I pass it up until M resumes it upward trend? A second (somewhat related) question has to do with ordering over the weekend. A recent post advised one should never do it, but rather wait to see what happens on opening on Monday. This is hard for me since I have a day job and am engaged in it when the market opens, Any advice will be appreciated! Carter. - - ------------------------------ Date: Sun, 24 Jan 1999 20:38:56 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Newbie M watch Hello Carter, First, and this goes for all members and esp the other newbies to the market and/or CANSLIM, as well as all the lurkers: the only dumb question is the one you didn't ask before entering the trade. After that, you're often dealing with damage control, not making money. And any On Topic (e.g. CANSLIM) question or post is hardly "cluttering up" this forum, esp lately. Evaluating "M" is considered by most to be the hardest part of CANSLIM. Part of this difficulty is that it is so subjective, but a bigger part lies in establishing what represents the "part" of the market you are concerned with. Altho the Dow30 remains the most highly watched and mentioned "index" of the market, it hardly represents any breadth of the market consisting solely of 30 very large corps. It has been a decade or more since I considered this index in any decision making other than "sentiment". It is important psychologically, and that's it IMHO. The NYSE Composite is a much broader measure of mkt conditions, and has been looking pretty ugly for a while, RS in particular continues a several month long down trend. Looking at the S&P500 can give you a better picture of a popular index with more breadth. And while the Nasdaq Composite index is probably the best looking one of the most widely followed, it is important to recognize that much of its "leadership" and price improvement came from the net stocks that, for the most part, lack earnings and are way overvalued by most standards. Thus far in January, I believe the Dow 30 and the NYSE Composite are down for the year, while the S&P500 and Russell 2000 are at a breakeven, and Naz Comp is holding onto about a 4.5% gain. If I were to judge solely by this, I would likely be mostly or totally in cash, instead I am still fully invested with only small and micro cap stocks, and I am still up about 12%. I don't judge "M" solely on indexes, rather since I am a long term investor, I include lots of other stuff including economics both domestically and globally; currency exchange rates; bonds and interest rates; international events, etc. Because of my background and experience, I am able to absorb all this into what, ultimately, becomes mostly a "gut feel" for "M". Most investors can't do this, and need to develop their own system for what works for them. Bottom line on "M" for me is to pay attention to each individual stock. If a stock is performing weakly in a strong market (per whatever indexes you use), then be careful, esp if it is approaching a 50 or 200 dma, or your stop loss point, or you just want to protect paper profits. "M" for me is part of an overall, very broad, background within which I try to judge each individual stock on its own merits and weaknesses. As for entering orders (buy or sell) over the weekend, I never do it. I spend about 1-2 hours every morning examining what is happening and anticipate what the mkt may do that day. In particular, I check what the Asian mkts did the prior night (and usually have watched their opening as well for comparison of the overnight trend); what is Europe doing halfway or so thru their day; what is happening in the currency mkts; and the futures for NY and Nasdaq. This only takes 10 minutes or so max. This gives me some clues to how the US mkts will open. I also check the latest up/down volume ratio on every stock I own (at DGO) as well as check each stock I own and ones on my "hot" list at BigCharts for tech indicators. If I am contemplating either a buy or sell that day, then this review will "flavor" what I do, may lead to entering a limit order well off the mkt, or just doing nothing and hoping that I will have the time during the day to check the mkt. But rarely will I enter any mkt order unless I am able to watch the mkt and get real time quotes at the same time. Tom W stkguru@netside.net ICQ # 5568838 - -----Original Message----- From: Carter Diggs To: canslim-digest@lists.xmission.com Date: Sunday, January 24, 1999 3:49 PM Subject: [CANSLIM] Newbie M watch I have been studying CANSLIM for about 9 months now and have posted occasionally and communicated privately with a few members. I have done a total of 9 trades and have yet to make money (although on two occasions I was up 17-19% at one point before the breakouts failed). I'm now trying to regroup and study my shortcomings and am becoming a little braver about posting. So just quiet me down if I am cluttering up the list too much! Today's question: WON says to stand aside if M is not favorable. In this market this seems to me to change very frequently. The IBD "Big Picture" section implies (to my inexperienced ears) that last week's DJII decline 3 days in a row with an A/D rating of D is nothing to worry about since "pullbacks on receding volume are a sign of a normal market". But what does this mean if I had a breakout of a stock on my watch list on Friday? Should I pass it up until M resumes it upward trend? A second (somewhat related) question has to do with ordering over the weekend. A recent post advised one should never do it, but rather wait to see what happens on opening on Monday. This is hard for me since I have a day job and am engaged in it when the market opens, Any advice will be appreciated! Carter. - - - - ------------------------------ Date: Sun, 24 Jan 1999 21:10:58 -0500 From: "Ronald J. Russell, Jr." Subject: [CANSLIM] Weekly Stock List - January 22, 1999 - Condensed Version Evening All, We added a few back up to 189 this week. Trade well, Ron Symbol EPS RS GRS ERG A/D Close 30 ADV AAS 90 87 82 259 B $ 80.690 90,507 ABTE 77 92 89 258 A $ 10.250 551,250 ACS 94 88 92 274 B $ 46.190 164,530 ACSC 99 90 68 257 A $ 14.060 83,590 ADCT 94 91 88 273 A $ 35.750 1,751,217 AEOS 77 97 86 260 A $ 61.380 306,390 AGN 86 90 90 266 B $ 69.750 274,367 AGPH 76 93 94 263 A $ 53.630 612,743 AHAA 71 98 98 267 A $ 37.250 278,703 ALTR 88 93 98 279 A $ 60.060 2,257,717 AMGN 88 95 94 277 A $ 114.630 2,849,180 AMXX 73 93 96 262 B $ 11.940 82,483 ANF 99 96 86 281 A $ 69.750 466,523 AOL 77 99 99 275 A $ 140.440 16,324,533 APCC 90 88 90 268 A $ 45.810 702,587 APCO 96 91 91 278 A $ 13.500 115,577 ARX 85 94 81 260 B $ 17.440 122,603 ASMLF 77 93 99 269 A $ 43.940 1,473,140 ASND 97 96 97 290 A $ 79.190 7,568,214 ATI 95 95 85 275 B $ 93.880 4,394,597 AVEI 99 94 76 269 A $ 52.000 1,162,640 AXNT 72 94 95 261 A $ 36.500 432,647 BBBY 96 89 78 263 A $ 32.750 1,114,107 BBRC 84 85 98 267 B $ 25.750 150,310 BBY 76 97 91 264 B $ 79.250 1,358,587 BRL 91 85 80 256 A $ 43.630 123,340 CAH 91 85 82 258 B $ 73.060 649,623 CBXC 97 97 90 284 A $ 31.880 125,950 CCL 92 88 65 245 A $ 42.630 2,822,980 CDWC 98 92 94 284 A $ 90.000 203,220 CEFT 98 94 77 269 A $ 37.630 860,060 CHCS 79 98 86 263 A $ 27.750 97,543 CHKPF 98 92 95 285 A $ 40.880 1,085,733 CLFY 88 94 93 275 B $ 22.000 270,027 CMED 97 93 76 266 A $ 11.810 220,453 CMGI 77 99 91 267 A $ 94.630 4,211,294 CMVT 97 96 88 281 A $ 78.880 685,187 CNMD 93 85 66 244 A $ 30.500 118,407 COF 87 91 77 255 A $ 128.690 461,137 COGIF 98 94 93 285 A $ 24.000 110,137 CPWR 98 88 93 279 A $ 65.810 4,344,296 CREE 99 97 98 294 A $ 42.000 328,247 CSCO 97 96 97 290 A $ 102.810 16,663,127 CTAS 91 91 84 266 A $ 73.000 339,633 CTL 87 91 89 267 A $ 65.060 266,367 CTS 93 91 96 280 A $ 45.630 126,343 CTXS 97 91 93 281 A $ 87.250 964,867 DDDDF 99 97 93 289 A $ 48.000 111,167 DELL 99 96 92 287 A $ 83.000 15,060,909 DH 78 90 70 238 B $ 59.940 2,061,460 DMMC 73 85 93 251 B $ 17.940 162,233 DRTE 77 91 87 255 B $ 26.940 380,510 DSP 96 93 98 287 A $ 19.500 364,187 DV 90 91 62 243 A $ 28.880 124,823 DY 96 96 65 257 A $ 38.250 217,005 ECILF 93 88 88 269 A $ 39.630 627,063 EDMC 99 86 62 247 A $ 23.060 167,257 EFII 82 96 93 271 A $ 36.690 1,080,530 EMC 96 97 98 291 A $ 98.500 3,714,097 ESRX 96 95 82 273 A $ 66.060 128,560 ETEC 91 85 99 275 A $ 50.630 407,527 FLEX 98 96 98 292 A $ 40.000 716,140 FM 96 91 71 258 A $ 23.940 193,030 GDT 98 93 90 281 A $ 107.130 715,847 GENZ 90 93 94 277 B $ 49.250 1,429,417 GEOC 84 98 93 275 A $ 38.310 291,127 GILTF 96 92 88 276 A $ 55.500 129,677 GPS 97 95 86 278 A $ 59.440 1,778,473 GUC 80 95 86 261 A $ 72.880 929,500 HD 93 91 66 250 A $ 55.940 4,149,454 HLYW 83 98 78 259 B $ 32.880 479,427 IBI 84 92 86 262 A $ 35.880 690,787 IBM 90 91 89 270 B $ 179.750 4,448,420 INSS 99 96 92 287 A $ 62.500 217,607 INTC 84 92 98 274 A $ 128.880 15,301,844 INTL 95 87 88 270 B $ 24.000 163,370 IONAY 98 95 93 286 A $ 43.880 144,660 IPG 88 89 85 262 A $ 75.440 395,150 ITWO 99 85 93 277 A $ 29.500 866,700 JEF 81 92 82 255 B $ 53.500 100,790 JNY 93 87 84 264 A $ 28.500 595,337 JVLN 77 89 83 249 A $ 13.000 138,017 KRB 95 85 77 257 A $ 27.630 4,471,447 KROG 80 96 73 249 A $ 40.880 135,850 LEVL 88 92 98 278 A $ 39.940 754,523 LGTO 99 96 93 288 A $ 59.940 728,270 LLTC 82 92 98 272 A $ 98.940 965,327 LOW 92 94 66 252 B $ 52.810 1,496,027 LSON 93 90 91 274 A $ 59.500 168,493 LU 95 91 88 274 A $ 103.310 7,353,436 LXK 98 95 90 283 A $ 99.250 471,493 MARG 94 98 91 283 A $ 14.060 252,837 MBRS 82 87 91 260 B $ 35.630 96,837 MCRL 98 94 98 290 A $ 53.880 195,697 MCSC 98 94 61 253 B $ 25.190 88,857 MEDQ 95 93 91 279 B $ 35.500 284,710 MELI 94 95 88 277 A $ 20.500 98,703 MERQ 72 89 93 254 A $ 50.750 309,543 METZ 99 86 91 276 A $ 43.250 293,693 MHP 83 89 88 260 B $ 113.310 334,317 MMGR 98 86 87 271 A $ 34.250 166,017 MMS 88 88 91 267 A $ 38.380 174,410 MNMD 98 97 90 285 B $ 108.630 139,220 MRX 98 90 78 266 A $ 63.190 119,677 MSFT 99 93 97 289 A $ 156.250 13,995,186 MTP 82 90 62 234 B $ 52.190 166,880 MXIM 95 91 98 284 A $ 51.440 1,405,047 MXWL 71 89 68 228 B $ 37.000 102,617 MYG 95 89 79 263 A $ 63.630 437,007 NCOG 98 92 91 281 A $ 39.500 106,727 NDC 96 87 92 275 A $ 50.250 221,277 NLCS 89 93 93 275 B $ 37.130 163,390 NSIT 97 95 94 286 B $ 50.440 282,300 NSOL 84 99 92 275 A $ 178.000 1,004,767 NTAP 99 98 98 295 A $ 48.000 909,370 ODP 91 86 61 238 B $ 34.630 1,379,047 ORBKF 90 87 99 276 A $ 40.880 106,443 ORCL 97 97 93 287 A $ 49.880 9,819,101 OSI 72 87 85 244 B $ 27.940 410,267 OSTE 72 96 90 258 A $ 46.750 151,210 PDX 96 90 68 254 A $ 59.880 89,553 PE 78 88 62 228 B $ 38.190 679,907 PHCC 96 93 82 271 B $ 34.130 143,437 PLCE 95 98 86 279 A $ 24.630 183,603 PLXS 96 96 98 290 B $ 38.500 140,173 POS 88 88 85 261 A $ 68.380 97,593 POWI 71 98 81 250 B $ 31.380 299,323 PPDI 87 87 75 249 B $ 31.750 335,437 PRGS 78 94 93 265 B $ 34.250 160,010 PRGX 91 88 91 270 A $ 33.810 201,337 PSDI 93 93 93 279 A $ 30.940 90,067 PSEM 82 94 98 274 A $ 10.560 153,613 PVN 98 97 77 272 A $ 89.630 877,685 PVSW 76 96 93 265 A $ 18.880 104,130 QLGC 98 98 98 294 A $ 139.500 148,120 RCL 89 85 65 239 A $ 37.000 469,410 RESM 98 98 90 286 A $ 49.500 212,840 RFMD 80 99 96 275 A $ 65.130 524,360 RGIS 86 87 78 251 B $ 38.310 93,117 RX 90 89 92 271 A $ 38.310 950,237 SALT 99 97 79 275 A $ 25.250 100,837 SANM 97 95 98 290 A $ 66.750 996,553 SAPE 99 94 93 286 A $ 70.750 391,963 SCH 93 97 82 272 A $ 57.500 2,332,222 SCI 77 89 96 262 B $ 53.190 531,350 SDG 86 89 76 251 A $ 112.000 183,850 SDTI 71 95 90 256 B $ 25.810 1,712,660 SEBL 99 92 93 284 A $ 34.750 1,194,190 SLR 94 95 96 285 A $ 85.130 1,491,823 SNPS 95 91 93 279 A $ 55.130 582,510 SONC 87 87 71 245 A $ 24.880 95,123 SORC 75 96 91 262 A $ 11.500 129,497 SPLS 98 93 61 252 B $ 39.940 3,114,300 SPNSF 77 92 93 262 A $ 10.440 290,440 SUNW 94 97 92 283 A $ 98.000 8,286,217 SWY 95 87 67 249 A $ 54.000 1,558,903 SYKE 99 92 91 282 A $ 29.380 500,937 T 85 89 89 263 B $ 88.250 7,826,464 TAGS 97 98 84 279 A $ 39.630 97,893 TCAT 80 90 96 266 A $ 38.280 343,957 TECH 87 88 94 269 A $ 23.000 152,503 TGO 90 95 89 274 B $ 40.310 341,283 THQI 99 91 77 267 A $ 25.810 210,287 TIF 88 92 69 249 A $ 60.060 307,840 TJX 92 89 86 267 B $ 29.190 1,006,757 TLAB 98 86 88 272 A $ 79.630 3,288,253 TMPW 85 93 85 263 B $ 43.910 523,843 TOM 99 90 84 273 A $ 66.880 401,760 UNPH 91 92 88 271 A $ 72.810 666,423 USM 81 85 85 251 B $ 43.500 132,833 UVSGA 93 95 75 263 A $ 28.250 179,583 VISX 77 99 95 271 A $ 56.630 699,193 VOD 96 94 85 275 A $ 187.380 650,333 VRTS 99 96 93 288 A $ 77.000 749,803 VTSS 97 95 98 290 A $ 48.750 1,250,243 WAG 85 90 74 249 B $ 58.440 1,232,190 WAT 97 90 70 257 A $ 82.500 130,933 WCOM 81 93 89 263 B $ 74.880 13,480,523 WHIT 99 92 92 283 A $ 30.880 411,370 WMT 88 91 70 249 B $ 82.000 3,075,234 WPI 93 86 80 259 A $ 56.060 361,063 WSM 92 89 93 274 A $ 34.880 267,983 WTSLA 89 85 86 260 A $ 33.440 149,990 XIRC 77 98 97 272 A $ 42.000 336,867 XLNX 79 96 98 273 A $ 78.190 2,222,820 XLSW 98 93 88 279 A $ 32.750 133,227 XOMD 99 92 76 267 B $ 33.560 162,197 YHOO 84 99 99 282 B $ 286.000 7,079,974 ZQK 95 94 84 273 A $ 30.440 142,230 - - ------------------------------ Date: Sun, 24 Jan 1999 21:08:13 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Newbie M watch Date sent: Sun, 24 Jan 1999 15:49:21 -0500 From: Carter Diggs > Today's question: WON says to stand aside if M is not favorable. In > this market this seems to me to change very frequently. The IBD "Big > Picture" section implies (to my inexperienced ears) that last week's > DJII decline 3 days in a row with an A/D rating of D is nothing to worry > about since "pullbacks on receding volume are a sign of a normal > market". But what does this mean if I had a breakout of a stock on my > watch list on Friday? Should I pass it up until M resumes it upward > trend? If the market acts ok on Monday, probably ok to make a new commitment. If it is down, I wouldn't buy regardless of what the stock I had my eye on on Friday was doing. > > A second (somewhat related) question has to do with ordering over the > weekend. A recent post advised one should never do it, but rather wait > to see what happens on opening on Monday. This is hard for me since I > have a day job and am engaged in it when the market opens, There are plenty of exceptions, but I think generally speaking, avoiding the market completely during the first hour of trading is a good idea, and entering a blind order for the open without knowing what the market will do is probably a bad idea. I especially think the first hour of trading should be avoided if you are long stocks and the market looks to be opening on a down note. Frequently there is a knee jerk downward spike in all stocks on such days, followed by a gradual recovery through the day, and if you sell into that morning panic, you are selling at the lows of the days. If something is down at your sell threshold, say a few percent loss, you should still give it some time to find its balance in the morning, if it doesn't seem to want to recover, then exit. As far as your job, seems like most brokers have some sort of automated quote system via phone, you should try to set that up, then take a mid-morning break and check your watchlist. BTW, this can change significantly before tomorrow, but early Globex trading of index futures here on Sunday night indicates a weak opening tomorrow. - - ------------------------------ Date: Mon, 25 Jan 1999 03:52:26 -0500 From: "Charles Cangialosi" Subject: RE: [CANSLIM] Newbie M watch Carter, The few times I did try to trade early in the day I was sorry I did. Last Friday was the last time I will ever try that. I too am finding this somewhat more formidable than I had anticipated. However I wont give up. I have less experience that you do but Tom sounds like he is giving us some good advice. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Carter Diggs > Sent: Sunday, January 24, 1999 3:49 PM > To: canslim-digest@lists.xmission.com > Subject: [CANSLIM] Newbie M watch > > > I have been studying CANSLIM for about 9 months now and have posted > occasionally and communicated privately with a few members. I have done > a total of 9 trades and have yet to make money (although on two > occasions I was up 17-19% at one point before the breakouts failed). I'm > now trying to regroup and study my shortcomings and am becoming a little > braver about posting. So just quiet me down if I am cluttering up the > list too much! > > Today's question: WON says to stand aside if M is not favorable. In > this market this seems to me to change very frequently. The IBD "Big > Picture" section implies (to my inexperienced ears) that last week's > DJII decline 3 days in a row with an A/D rating of D is nothing to worry > about since "pullbacks on receding volume are a sign of a normal > market". But what does this mean if I had a breakout of a stock on my > watch list on Friday? Should I pass it up until M resumes it upward > trend? > > A second (somewhat related) question has to do with ordering over the > weekend. A recent post advised one should never do it, but rather wait > to see what happens on opening on Monday. This is hard for me since I > have a day job and am engaged in it when the market opens, > > Any advice will be appreciated! > > Carter. > > > - > - - ------------------------------ Date: Mon, 25 Jan 1999 09:35:43 -0500 From: "Dave Wood" Subject: [CANSLIM] leadership Hi everyone, A note of caution! Of the 15 best performing IRLs (qp2) since the market bottomed in October, 9 have experienced key reversal weeks sometime over the last three weeks. Two others experienced KRW earlier, and only four have not. - - ------------------------------ Date: Mon, 25 Jan 1999 13:54:36 -0500 From: Craig Griffin Subject: Re: [CANSLIM] leadership Dave, Nice post. I found the information useful. The market does seem to be spinning its wheels here. A couple of questions: 1. How did you identify the data in qp2? IE. How did you identify the best performing IRLs 2. How do you identify a KRW? What makes it a "key reversal"? Thanks again for the post. Best Regards, Craig PS. If you have the time, could you also list the leading IRL's symbols or names? At 09:35 AM 1/25/99 -0500, you wrote: >Hi everyone, > A note of caution! Of the 15 best performing IRLs (qp2) since the market >bottomed in October, 9 have experienced key reversal weeks sometime over the >last three weeks. Two others experienced KRW earlier, and only four have >not. - - ------------------------------ End of canslim-digest V2 #510 ***************************** 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.