From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #522 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Friday, February 5 1999 Volume 02 : Number 522 In this issue: RE: [CANSLIM] FLEX Re: [CANSLIM] Online Brokerage Firms Next Mania RE: [CANSLIM] FLEX Re: [CANSLIM] Why not watch RT quotes? Re: [CANSLIM] frustration + PLXS Re: [CANSLIM] Online Brokerage Firms Next Mania Re: [CANSLIM] Why not watch RT quotes? [CANSLIM] Message activity [CANSLIM] Positive Divergence [Technical. Connie Mack] RE: [CANSLIM] ADCT [CANSLIM] qp2 institutional soonsor [CANSLIM] Bibliography and several dozen essays [Connie Mack] Regression to the Mean (was Re: [CANSLIM] Trading Addiction (was: FLEX)) Re: [CANSLIM] Message activity Re: [CANSLIM] Bibliography and several dozen essays [Connie Mack] Re: [CANSLIM] Bibliography and several dozen essays [Connie Mack] [CANSLIM] distribution days Re: [CANSLIM] distribution days Re: [CANSLIM] More IBD chart interpretation, Frank Re: [CANSLIM] Bibliography and several dozen essays [Connie Mack] [CANSLIM] Lots of new Mergers in the works ---------------------------------------------------------------------- Date: Wed, 03 Feb 1999 07:33:35 -0800 From: Tim Fisher Subject: RE: [CANSLIM] FLEX I think he means to use Excel as a screening tool. E.g. I get Zack's free screening tool, do a preliminary CANSLIM screen, then use Excel to generate IBD-like numbers by comparing against all the stocks in Zacks database. I also use Excel to rank lists like Russell's or RANord's HGS lists to find some that Zacks may have missed. If you know how to use Excel then you can duplicate just about any screening formula out there if you have access to the data. At 04:42 AM 2/3/99 -0500, you wrote: >Sounds good to me. I would like to clarify a few things. Perhaps there are >other newbies out there who are reluctant to jump in but to whom your advice >could apply. >I'm glad you mentioned you have been through this. I was feeling like I >really have no talent for this at all, but I am not giving up. Not having >talent only means you have to work harder and will probably never be a >superstar. It does not mean you cant be good at it. >The only newsletter I get is Ian. So far I have gotten two issues. >I like the canslim concept. It's vague though, so is the market. Ian I like >a lot but he is complicated. Then so is the market. >I really like Elder's triple screen. I ignored that with FLEX. If I would >have paid attention to it I could not have made the trade. Last time that >happens. >Your 1-12 suggestions are great. I don't know what you mean by make formulas >in Excel. I am acquainted with though, I'm no expert at Excel. I am not >acquainted with super charts. I have been using QP2. I just got the IRL it's >OK. I also have WOW. The charting capabilities are much better. I transfer >in meta stock format to that. Will this do? >I am about decided to trade on breakouts either from a cup or a base. I am >working on the other patterns you mentioned but cant even get the base >straight yet, when I do I will move on. So I am considering a breakout on >150% volume, has to be a new high. No overhead supply. Has to meet the >triple screen criteria for a trade. Of course it has to have good RS and >Earnings at least 70. >My big failing as I see it is going with the method deJour (SP). Getting >carried away in the emotion of it is something I really need to work on. >I hope all this bandwidth helps someone besides me. I am sure the graybeards >are tired of all this newbie screw up stuff. If any other newbies want to >contribute please do so I wont feel so alone. >Charlie > > > >> -----Original Message----- >> From: owner-canslim@lists.xmission.com >> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dan Sutton >> Sent: Wednesday, February 03, 1999 12:08 AM >> To: canslim@lists.xmission.com >> Subject: RE: [CANSLIM] FLEX >> >> >> Charlie, >> >> It sounds to me like you are going through the same learning >> phase that all >> traders/investors have to experience. I am probably not the right >> person to >> be advising anyone, but I feel that after 12 years of wallowing in >> investment advice I have finally arrived at the "other side". I >> am not a pro >> by any means, but I have had three extremely lucrative years in a row >> because I am familiar with and comfortable with my trading >> methods. Over the >> past 12 years I have subscribed to almost every investment newsletter that >> could find my address, most "Hot" investment magazines, a couple of fax >> hotlines, a toll free advisory service, managed commodities accounts and >> about every other form of supposed advice I could find. Had I simply saved >> the subscription fees and put them in an interest bearing account, I would >> have been thousands of dollars ahead of the game. About three years ago, I >> came to the realization that the only person in the world who >> could help me >> to become a successful trader was myself, so I dropped all my >> subscriptions >> and advisory services. Although there are probably thousands of successful >> investors out there, I seriously doubt if you, or any one else >> could emulate >> their success. So I bought lots of books, and some software to test the >> theories of the authors. As I began to dive into this process of >> learning, >> several recurrent themes became evident. Almost all books and magazine >> articles that I read emphasize developing a system, and many of those >> successful systems work off of some type of moving average. Some >> people can >> be successful with a strictly CANSLIM approach, some do well with >> HGS, some >> do well with trading moving averages, some want to buy and hold..but if >> properly applied they can all work. The key is to develop a trading system >> that works for you, not to try and work within the rigid guidelines of >> someone else's method. CANSLIM provides an outstanding framework >> in which to >> build your system around....but don't trade it blindly. And keep >> it simple, >> the fewer rules the better. Backtest your ideas, run your >> trading software >> backwards to try and find proper patterns, learn EXCEL so you can program >> formulas easily. So with all the extraneous BS out of the way, here are my >> suggestions .. (Keep in mind that this is what works for me, you will need >> to flesh it out for your own risk level). >> >> 1. Pick up some software to download and graph prices on a daily basis (I >> use Super Charts) >> 2. Develop a list of stock candidates. Use WON's criteria, as well as Ian >> Woodards. (High EPS, High RS, etc., etc), and ONLY buy those stocks with >> good earnings records >> 3. Develop a trading trigger that you are comfortable with > >> moving average >> crossovers, volume breakouts, ADX, Elder's Triple Screen..it >> really doesn't >> matter if you apply it consistently). If you can't easily >> recognize cup and >> handles, flags, bases, etc., then don't try to trade with them >> 4. Don't try and trade every opportunity, there will be another >> ship leaving >> in a few days >> 5. Don't daytrade (unless you are a pro) >> 6. Don't watch the quotes during the day >> 7. Only make buy and sell decisions at the end of the day, after you have >> had time to verify your reasoning >> 8. Don't keep changing your philosophy, screening method or triggers >> 9. Use strict money management. Just like in Blackjack, even if you are >> playing a winning method and are ahead of the house on winning percentages >> ...if you don't practice strict money management you are going to >> go broke. >> 10. Be happy with only taking a chunk out of the middle, you don't need to >> pick the lowest entry point or highest exit point to be successful >> 11. Have a target for an exit price before you enter the trade (do some >> reasonable projections..don't just wish). >> 12. And like Ian says...if you see a guru d'jour , run like hell >> >> Your system has to work for you, don't try and force yourself into someone >> else's mold. >> >> Good luck >> >> >> >> >> >> >> - >> >> > > > > >- > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 04 Feb 1999 16:12:03 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Online Brokerage Firms Next Mania Dean, FWIW: Been trading EGRP, SCH & AMTD last few months. Not CS. All way extended, BTW. At 01:35 AM 05/02/99 +1300, you wrote: >Anyone got any ideals/opinions or following any stocks in particular, in >this sector. > It looks like a hot sector to me. Has anyone got this on their radar >scope? - -- Johan Van Houtven - - ------------------------------ Date: Thu, 4 Feb 1999 04:43:43 -0500 From: "Charles Cangialosi" Subject: RE: [CANSLIM] FLEX Tom, Interesting point about the b/o not having to be a new high, I flip flop on that one because much is made of the overhead supply situation. I know time matters. If the last time a company hit a specific high was 14 months ago I may be safer than if it was 1 month ago. Lack of experience again showing through. Guess I will have to see what works. I look for CWH but will take any kind of base as long as it looks like a base to me. The other two things I am really bad at are time frame and entry/exit stratagy. I know it so I can work on it. Elder may not be canslim but his entry (confirmation) I really like. It seems safe to me and so far on whole has shown true. Nothing like experience and I wish I had yours. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Wednesday, February 03, 1999 10:36 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] FLEX > > > Hi Charlie, > > I sent a somewhat lengthy response to a post from Chris > earlier. Some of that was also my thoughts on your post. > > Some specific comments on your post: > > There are no "experts" on CANSLIM, and that includes the > venerable Wm O'Neil. Just as the dynamics of the market are > constantly changing and evolving, so too is CANSLIM. Witness > his reluctant acceptance of big cap stocks as CANSLIM. > > Breakouts don't have to happen on new highs, but should > happen from bases. Bases represent some downside support > (e.g. protection) against major losses. > > Breakouts should be viewed with respect to ADV, tho it's > been increasingly difficult to find both a good base (e.g. > 6-8 weeks long) and a proper b/o on 150% ADV. > > The Elder Triple Screen is not a part of WON's CANSLIM. > Should you incorporate that into your personal methodology, > that's fine, just make sure it works consistently for you. > Nothing wrong in combining various systems, so long as you > can handle whatever complications and extra work it may > entail. > > Good luck, and remember you can't make an omelet without > cracking a few eggs. > > Tom W > stkguru@netside.net > ICQ # 5568838 > > - > - - ------------------------------ Date: Thu, 4 Feb 1999 07:58:03 -0700 From: Deepak Kapur Subject: Re: [CANSLIM] Why not watch RT quotes? Johan, What is NLP? Thanks. Deepak - - ------------------------------ Date: Thu, 04 Feb 1999 07:23:37 -0800 From: Tim Fisher Subject: Re: [CANSLIM] frustration + PLXS For the past year approx., S has been working strongly against you. Looking at my small cap perf. and that of the RUT, I'd have used the reverse of S as a filter if I had to do it all over again. At 10:24 AM 2/4/99 +0200, you wrote: >After my near disaster with imaxf I am looking for another good pick, and >frankly I am growing impatient. > >I took Ron Russells list and merged it with Tom Worleys DGO new highs, >filtered out according to C and A (as well as I can, I am using >www.stocksheet.com, any better suggestions are welcome - I can't afford DGO) >and S. At this point there actually were a few interesting picks BUT I can't >seem to find anything outstanding with less than 50% institutional backing! >The only one is PLXS - advice appreciated. > >Am I searching incorrectly? Are others also feeling this problem? > >In case anyone is interested here is my list after the abovementioned >filtering BEFORE discarding heavy institutianal ownership: > >ARX >AVTC >CDWC >CMVT (43M outstanding) >CHKPF (35M) >COGIF >CREE >FM (38M) >INSS >MDCC (this one has 70% !!) >MELI >MRX >PLCE >SALT >SWFT (42M and 53%!!) >TECH > >One more point of frustation: Although I understand the reasoning behind the >S, honestly, does it really matter any more? I have let so many good ones go >by, just because they were larger then 50 or 60M and yet they still managed >to move up nicely. Any comments? > >David > > > > >- > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 04 Feb 1999 07:27:57 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Online Brokerage Firms Next Mania SCH has been kicking butt lately, breakouts and all. I think it has a lot to do with their online trading being such a huge success. Other than that one, I wouldn't consider the rest with the possible exception of TROW; they have lousy fundamentals. At 01:35 AM 2/5/99 +1300, you wrote: >Anyone got any ideals/opinions or following any stocks in particular, in >this sector. > It looks like a hot sector to me. Has anyone got this on their radar >scope? > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 04 Feb 1999 16:32:24 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Why not watch RT quotes? At 07:58 AM 04/02/99 -0700, you wrote: >Johan, > >What is NLP? Thanks. > >Deepak Deepak, Short question. And the answer is rather long. Sorta like asking "What is love?" A terrific explaination can be found at: http://www.idea-seminars.com/whatsnlp.html I'd suggest you read that first. Anymore questions after that? I'll gladly answer them. Enjoy the discoveries your going to make. - -- Johan Van Houtven - - ------------------------------ Date: Thu, 4 Feb 1999 10:33:34 -0500 From: "Joe Jungbluth" Subject: [CANSLIM] Message activity I think that based upon the current message activity level, the market is gearing up for a big move. Does anyone else see a correllation between flurries of activity on the list and market movement? Joe Jungbluth - - ------------------------------ Date: Thu, 04 Feb 1999 11:10:05 -0500 From: Connie Mack Rea Subject: [CANSLIM] Positive Divergence [Technical. Connie Mack] Several members have mailed me privately about PD. A stock with prominent PD is BTR. Pull up BTR on http://bigcharts.com. Use a 3-mos daily chart; apply a 3/7/10 EMA; and put the MF in the lower window. Notice that for the last nine days the price has declined while the MF has held steady. Hence a PD. Put OBV in the lower window. It, like the MF, has held steady against the price decline. The MACD and SloSto look miserable, as does the 3/7/10 EMA. If the price declines further and both the MF/OBV fail to hold, then consider the PD to have been neutralized. A prospective buyer might wait to see if the stock holds on its 52-wk low. This is not a trader's stock, for there is no "action." The high yield makes it primarily an investment. The point to be derived here is that several technical indicators [EMA, MACD, and SloSto] and PD in MF/OBV can be applied to a low beta stock such as BTR. Therefore, these indicators will be useful to determine entry/exit points. Connie Mack - - ------------------------------ Date: Thu, 4 Feb 1999 11:48:18 -0500 From: "Charles Cangialosi" Subject: RE: [CANSLIM] ADCT Hi OK, all the triple screen is a way to give a potential confirmation to a buy or sell. If your time frame is intermediate you would normally use daily charts. You go one order higher or weekly. I expect this would hold true for hourly to daily or weekly to monthly. Use the MACD histogram to determine the general trend of the stock. So if the histogram line is up from last week that means all you can do is go long. Then you go to an oscillator to find an entry point. I like slo sto, however Williams%R or Force Index or any oscillator will do. If the stock is trending it is not so good because it can show overbought or oversold for an extended period. Ideally for a long position the slo sto would be crossingover about below the lower signal line. In the case of ADCT it did not dip to the lower line and started to head back up. According to Elder that is not as good as far as price is concerned however is does show strength i.e.; bulls are stronger that bears (for the moment). So you take your cue from the longer chart in this case weekly and you can only move in that direction or do nothing at all. The third portion of the triple screen is just determining the entry point as I mentioned in a perfect world it should be below the bottom line crossing over. Of course the exact opposite holds true if you want to sell short. Your stop should be previous days low. I went with the 8% from canslim it is a little below that point. I hope I explained that properly. I have limited experience with this but in the stocks I have been watching it has help up well. Elder does noting to suggest how to pick a stock unless you pick strictly from a chart. He is into trying to minimize the risk in a particular trade. His statement is "Filter out most of the bad trades" he advocates tight stops in case it goes against you, you are out in a flash. Charlie > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of dbphoenix > Sent: Thursday, February 04, 1999 9:04 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] ADCT > > > > > <> > > I'm sure it would be helpful to others if you would explain how this > screen helped you choose your entry point into this stock. > > --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: Thu, 4 Feb 1999 15:08:14 -0500 From: "Dave Wood" Subject: [CANSLIM] qp2 institutional soonsor Everyone, I have had the same problem understanding how qp2 calculates institutional holdings. I recently sent them a question about it. This is the relevent part of the response: Dave "Institutional Percent Owned This is the percent of common stock held by all the reporting institutions as a group. It is calculated as Total shares owned by Institutions divided by Total Shares Outstanding multiplied by 100. Institutional Percent Owned (%) This is the percent of common stock held by all the reporting institutions as a group. It is calculated as Total Shares owned by Institutions divided by Total Shares Outstanding multiplied by 100. " - - ------------------------------ Date: Thu, 04 Feb 1999 17:28:58 -0500 From: Connie Mack Rea Subject: [CANSLIM] Bibliography and several dozen essays [Connie Mack] Believe that someone has mentioned this site recently. My reason for noting it again is that this site brings together other sites. I have used several of the essays [there are dozens] with my faculty group. This is an excellent gathering: http://www.hardrightedge.com/control.htm The first part gives a bibliography. The second has dozens of reasonably sophisticated essays. Connie Mack - - ------------------------------ Date: Thu, 4 Feb 1999 22:15:11 -0500 From: "Tom Worley" Subject: Regression to the Mean (was Re: [CANSLIM] Trading Addiction (was: FLEX)) Bear in mind that the "mean" is a set of historical occurrences, and can be both measured in different ways (e.g. only counting the events that are similar to the one you are trying to measure such as bull mkt years; or expanding economy years; or for varying time periods such as the last 50 years vs the last 10 years) as well as it can also vary over time as further "historical" events are added. Unlike the flip of the coin, where there are only two realistic outcomes, trying to evaluate the indexes such as the S&P500 is far more difficult. Right now, it is trading at a very high level of trailing PE, for example, compared to its historic mean. But measure that mean over only the past few years and the difference is not so much. Add to that equation that the past few years have seen continued consumer spending during a healthy, stable, growing economy in the midst of strong employment and, most amazingly, low inflation (leaving interest rates low and giving consumers that much more to spend instead of paying the interest on mortgages, credit cards, cars, etc) and you can argue that the mean of the trailing PE is steadily rising. Thus any current "regression" is likely to be to a much higher level than only a few years ago, all depending on what time frame you use. Since many consider the current economic environment to be unique in history, it becomes even more difficult to involve the past 50 years or so in setting a mean. Tom W stkguru@netside.net ICQ # 5568838 - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Thursday, February 04, 1999 9:50 AM Subject: [CANSLIM] Trading Addiction (was: FLEX) Patrick wrote: >I keep thinking of that term - Regression to the Mean. I wonder >how long the S&P can continue to put in such stellar gains. Statistically speaking it must at some point regress to the mean. No one knows when it will happen. And, for me, it is not important to know when it will happen, as I don't have a SP500 mimicing mutual fund. :) - - ------------------------------ Date: Thu, 4 Feb 1999 22:25:53 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Message activity Hi Joe, Actually, from very subjective correlation, the activity is probably negative. In the past several years, this group tends to be quietiest when the mkt is best for CANSLIMers, and get noisy when we are mostly either sitting on the sidelines, or just disgusted with our decision making. Currently, while the activity may seem high, it's more just getting back to normal for me, as I was used to coming home to as much as 50 to 60 emails from this group alone. I suspect right now we have just hit upon a couple threads which account for most of the activity. When you start seeing lots and lots of posts of "what do you think about ABCD (and it's a decent CS candidate with a decent chart)", then it's time to be getting bullish and sharpening up your watch list and related activities. Granted, we may be shaping up for a big move, but like today's trading, it may be sharply lower when the expectation is for a rise. Tom W stkguru@netside.net ICQ # 5568838 - -----Original Message----- From: Joe Jungbluth To: canslim@lists.xmission.com Date: Thursday, February 04, 1999 10:35 AM Subject: [CANSLIM] Message activity I think that based upon the current message activity level, the market is gearing up for a big move. Does anyone else see a correllation between flurries of activity on the list and market movement? Joe Jungbluth - - - - ------------------------------ Date: Thu, 04 Feb 1999 19:33:24 -0800 From: Dan Cash Subject: Re: [CANSLIM] Bibliography and several dozen essays [Connie Mack] Thanks Connie, Great reference! Dan Connie Mack Rea wrote: > Believe that someone has mentioned this site recently. My reason for > noting it again is that this site brings together other sites. > > I have used several of the essays [there are dozens] with my faculty > group. This is an excellent gathering: > > http://www.hardrightedge.com/control.htm > > The first part gives a bibliography. The second has dozens of > reasonably sophisticated essays. > > Connie Mack > > - - - ------------------------------ Date: Thu, 04 Feb 1999 19:33:24 -0800 From: Dan Cash Subject: Re: [CANSLIM] Bibliography and several dozen essays [Connie Mack] Thanks Connie, Great reference! Dan Connie Mack Rea wrote: > Believe that someone has mentioned this site recently. My reason for > noting it again is that this site brings together other sites. > > I have used several of the essays [there are dozens] with my faculty > group. This is an excellent gathering: > > http://www.hardrightedge.com/control.htm > > The first part gives a bibliography. The second has dozens of > reasonably sophisticated essays. > > Connie Mack > > - - - ------------------------------ Date: Fri, 5 Feb 1999 00:06:40 -0500 From: "Dave Wood" Subject: [CANSLIM] distribution days Hi everyone, Practicing my chart reading tonight I come up with three 'distribution days' for the nasdaq: 1/20,1/27,and 2/4. Does anyone else see more ? This isn't my strong suit. Dave - - ------------------------------ Date: Fri, 5 Feb 1999 03:42:03 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] distribution days !DJ30,01/06/1999,9608.05,9315.42,9544.97, 10.34, 99.86 !DJ30,01/07/1999,9616.29,9369.12,9537.76, 88.29,103.76,Reversal !DJ30,01/08/1999,9759.44,9447.91,9643.32,103.25,108.78 !DJ30,01/11/1999,9751.46,9446.36,9619.89, 98.72,112.65 !DJ30,01/12/1999,9680.40,9394.87,9474.68, 95.68,113.40 !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, 90.51,105.92 !DJ30,01/15/1999,9381.74,9124.02,9340.55, 79.44,104.05 !DJ30,01/19/1999,9499.14,9165.73,9355.22, 76.36,102.28 !DJ30,01/20/1999,9552.44,9230.35,9335.91,105.22,100.02,Reversal !DJ30,01/21/1999,9479.83,9150.28,9264.08, 98.34, 96.46 !DJ30,01/22/1999,9289.31,8998.89,9120.67, 93.64, 90.50 !DJ30,01/25/1999,9273.09,8994.26,9203.32, 89.25, 86.17 !DJ30,01/26/1999,9408.77,9118.35,9324.58, 90.78, 83.98 !DJ30,01/27/1999,9461.04,9135.86,9200.23, 88.80, 79.62 !DJ30,01/28/1999,9384.83,9134.57,9281.33, 80.49, 76.74 !DJ30,01/29/1999,9457.18,9172.16,9358.83, 86.05, 75.15 !DJ30,02/01/1999,9513.05,9266.91,9345.70, 77.79, 73.22 !DJ30,02/02/1999,9394.10,9146.16,9274.12, 82.52, 70.02,Compress !DJ30,02/03/1999,9398.22,9239.62,9366.81, 95.56, 68.40 !DJ30,02/04/1999,9511.50,9178.60,9304.50, 94.15, 65.63 !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, 7.05 !NYA,01/22/1999,588.03,580.73,583.75, 7.80, 6.71 !NYA,01/25/1999,586.06,581.09,586.06, 7.28, 6.41 !NYA,01/26/1999,592.08,585.02,591.45, 0.00, 6.21 !NYA,01/27/1999,595.59,587.89,588.08, 8.96, 5.95,Reversal !NYA,01/28/1999,596.10,588.08,595.40, 8.52, 5.82 !NYA,01/29/1999,601.28,591.64,600.44, 9.13, 5.77 !NYA,02/01/1999,602.05,596.83,597.46, 7.99, 5.65 !NYA,02/02/1999,597.46,587.86,594.10, 8.46, 5.47,Compress !NYA,02/03/1999,600.04,591.76,598.58, 8.74, 5.36 !NYA,02/04/1999,598.90,590.94,591.05, 8.58, 5.12 !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,01/22/1999,2365.10,2303.80,2338.80, 1.02, 66.58 !COMP,01/25/1999,2369.60,2328.70,2369.30, 0.88, 66.34 !COMP,01/26/1999,2435.30,2384.60,2433.40, 1.03, 66.99 !COMP,01/27/1999,2464.10,2406.70,2407.10, 1.04, 66.93,Reversal !COMP,01/28/1999,2477.40,2407.10,2477.30, 1.02, 67.84 !COMP,01/29/1999,2506.60,2454.70,2505.80, 1.06, 68.94 !COMP,02/01/1999,2533.40,2500.30,2510.00, 0.96, 69.79 !COMP,02/02/1999,2512.10,2442.90,2463.40, 0.97, 69.56,Reversal !COMP,02/03/1999,2493.50,2448.50,2493.40, 1.06, 69.63 !COMP,02/04/1999,2496.52,2409.99,2410.07, 1.11, 68.08,Reversal According to my scan there were distribution days on 1/13 (compression), 1/27, 2/2, 2/4 (all reversal days). The MACD weems to have maxed out on 2/3. Alson note that yesterday the NYSE and DJ30 averages were down but not on increased volume from the day before. Ciao, Rolatzi - ---Dave Wood wrote: > > Hi everyone, > Practicing my chart reading tonight I come up with three 'distribution > days' for the nasdaq: 1/20,1/27,and 2/4. Does anyone else see more ? This > isn't my strong suit. > > Dave > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 5 Feb 1999 04:11:46 -0800 (PST) From: TM Subject: Re: [CANSLIM] More IBD chart interpretation, Frank At your site, http://wolynski.home.mindspring.com/, there are a number of oscillators, I am uncertain about interpreting what these actually mean. Would you, please explain the interpretation of Ch-Cl Osc in IBD Closes vs Opens. Thanks. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 05 Feb 1999 08:15:52 -0500 From: Connie Mack Rea Subject: Re: [CANSLIM] Bibliography and several dozen essays [Connie Mack] You're welcome, Dan. Connie Mack Dan Cash wrote: > Thanks Connie, > > Great reference! > > Dan - - ------------------------------ Date: Fri, 5 Feb 1999 11:35:14 -0500 From: Paul Gilberti Subject: [CANSLIM] Lots of new Mergers in the works Subject: FW: Mergers The last few weeks have seen many mergers, and anticipating them could mean excellent Market gains. Here are some likely mergers to expect in future: Xerox and Wurlitzer: They're going to make reproductive organs. Fairchild Electronics and Honeywell Computers: New company will be called Fairwell Honeychild. Polygram Records, Warner Brothers and Keebler: New company will be called Poly-Warner-Cracker. W. R. Grace Co., Fuller Brush Co., Mary Kay Cosmetics, and Hale Business Systems: New company will be called Hale Mary Fuller Grace. 3M & Goodyear: mmmGood John Deere & Abitibi-Price: Deere Abi Honeywell, Imasco, and Home Oil: Honey, I'm Home Denison Mines, Alliance, and Metal Mining: Mine, All Mine 3M, J.C. Penney, Metropolitan Opera Company: 3 Penney Opera Grey Poupon & Dockers Pants: Poupon Pants Knott's Berry Farm & National Organization of Women: Knott NOW! Zippo Manufacturing, Audi, Dofasco, Dakota Mining: Zip Audi Do-Da Netscape & Yahoo: Net 'n' Yahoo - - ------------------------------ End of canslim-digest V2 #522 ***************************** 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.