From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #810 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 Sunday, January 30 2000 Volume 02 : Number 810 In this issue: Re: [CANSLIM] Why I sold on Monday the 3rd [CANSLIM] DGO List [CANSLIM] ADX Re: [CANSLIM] What I'm Watching Re: [CANSLIM] Current 'M' Re: [CANSLIM] ADX [CANSLIM] Acc/Dis Numbers Re: [CANSLIM] market Re: [CANSLIM] Why I sold on Monday the 3rd [CANSLIM] The Fed Re: [CANSLIM] The Fed Re: [CANSLIM] Current 'M' Re: [CANSLIM] Current 'M' [CANSLIM] QCOM [CANSLIM] sectors with best 3wk performance Re: [CANSLIM] The Fed Re: [CANSLIM] sectors with best 3wk performance Re: [CANSLIM] Current 'M' Re: [CANSLIM] The Fed Re: [CANSLIM] Current 'M' Re: [CANSLIM] sectors with best 3wk performance ---------------------------------------------------------------------- Date: Sun, 30 Jan 2000 01:35:50 +0100 From: "Makara Tamás" Subject: Re: [CANSLIM] Why I sold on Monday the 3rd I have been uneasy with the markets throughout January but I had to be long. I had to be long because in Hungary, where I trade, I did not see anything but institutional buying. The market here went up some 15% in January (60% since the October low). Every night I looked at the US markets and I was often sick to my stomach but kept most of my positions until the end of this week. Now I am as bearish as I can be. Although there's still no sign of trouble here and there are some good stocks that are not extended, I want to be in no stocks at all and am going to put some money into international bond funds. If the US markets fall, we will go down with them. I do not want rely on hope. Although there's a chance one could make some money before the markets get really ugly, I don't think it's worth the risk to try. I can't tell how much the market can go down. I know however that the market can go down much faster than up. Extremely big damage can be done in one or two days. I don't think stops could save me if the market really starts to fall. What makes me scared? I think you know all the arguments already. They can be found in a recent comment by Jeff Cooper at TradingMarkets (http://www.tradingmarkets.com/.site/stocks/commentary/jcwsmanalysis/01282000-3830.cfm). I have read many more comments like this. Great investors, like Moses, Karcher, Morales and Kuhn, have suggested to get out. Why do I write all this? Because I see surprisingly little bearishness in the list. Or maybe I can't read sentiment? Johan, did your views change since your post on 8 January? Earl, thank you for your answer. I think you, and IBD, may be right but I don't dare to stay in the market any more. A quetion: I think, WON says that the initial fall following the distribution often comes on low volume. Do we really need more than two distribution days? Regards, Tamas -------------------------------------------------------------- From: Johan Van Houtven Subject: [CANSLIM] Why I sold on Monday the 3rd Date: 08 Jan 2000 23:59:01 +0100 To all: Sorry for not answering the questions that where posted immediately. But my silence was on purpose. I wanted to see if, when and at what rate the sentiment (bullishness/bearishness) of the list would change over the next 2 to 3 weeks. *********************************************** From: Earl Setser Subject: Re: [CANSLIM] market Date: 29 Jan 2000 08:55:11 -0700 Well, we had 4 really nasty days this week, but only 2 of those qualify as Distribution Days on higher volume. I was surprised that yesterday's volume was down (about 10% on the NASDAQ) given the large drop. I had expected yesterday would be our 3rd day, and signs of a top would be overwhelming, but I don't feel this is the case, not yet anyway. The Bullish/Bearish sentiment indicators are also flashing warnings with Bullish up to 56% and bearish down near 26% in today's IBD. Given all of this, I will watch my stocks closely, and be really to sell if they continue yesterday's losses. >From IBD this morning, "No matter what the Fed does, the best source of advice on what to do with your stock holdings is the stocks themselves. If they're finding support at their 50-day moving averages, their long-term advances may still be intact. But winners that have sharply broken their uptrends deserve a close look." Here's hoping next week will bring some "green" on your computer screen!!! ------------------------------------------------------------------ - - ------------------------------ Date: Sat, 29 Jan 2000 20:16:41 -0500 From: "Tom Worley" Subject: [CANSLIM] DGO List Tough week, worst NASDAQ percentage performance in history. The selloff on Friday, esp on high flyers, really distorts charts. "M" looks terrible, considering the Feds meet next week and will undoubtedly raise rates. Only question is by how much, and which rates. Considering economic news this week and to be delivered early next week, can easily be a half pt hike. I am not even ruling out a full pt, tho that takes some speculative advance thinking. Then again, the Feds look ahead, not back. To avoid confusion, am introducing a new category "Bases Forming". Since I am trying to constantly look for additions to my watch list, I seek stocks that may be beginning a base, while also looking for those that are already well formed. I have previously lumped them together under "Bases", but will now segregate them. Most stocks in the DG books that were still during the week within 5% of their high, and had RS and EPS of 80 or better, were by Friday either still way extended or already rolling over and showing serious correction. The overall list only totaled 138 compared to 159 the week prior and 126 the week before that. Sorry for the late post, but after a 75+ work week, I was still too groggy and dysfunctional to make intelligent chart reading decisions this morning (like I am right now??). Anyway, hope this gives a few members a few new ideas and candidates for their watch list. BASES FORMING: AMCC, SMTC, PRLX, MSS, MSTR, VARI, DYN, WPPGY BASE: SIVB (5 week), NOK (8 week), CDA (2 week), AMM (3 week, small cap, AMEX), CXR (4 week base), MXIM (5 week), CHIR (5 week) COMMENTS: SNRA - wedging up BARZ - base on base FFTI - vicious c&h RMDY - channeling, trade range bound XLNX - range bound Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - - ------------------------------ Date: Sat, 29 Jan 2000 18:35:07 -0800 From: "Patrick Wahl" Subject: [CANSLIM] ADX Does anyone know of a web site that would have a definition of the ADX indicator of sufficient detail that it could be coded in a computer program? - - ------------------------------ Date: Sat, 29 Jan 2000 20:55:04 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] What I'm Watching CLFY being acquired by NT in a stock swap. Upside limited by the performance of NT. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: Craig Griffin To: Sent: Wednesday, January 26, 2000 8:37 AM Subject: Re: [CANSLIM] What I'm Watching Great list, Peter. Pretty bases (mostly nice and tight cup w/handles). Thanks for sharing the list! Congratulations on buiding the house. Best Regards, Craig At 08:26 PM 1/26/00 +0700, you wrote: >Hello everyone. I've been away from trading for while I built a house, >but have been lurking. I'm starting to get back into it now that I can >devote my full energies to it. > >My current watch list is composed of the following issues and pivot >points. > >AGY 17.125 >CLFY 135.125 >CTS 83.125 >GTNR 16.125 >KING 66.125 >NURM 13.125 >PEAKF 13.25 > >I currently have calls on TQNT and ZOMX. > >Comments or questions are welcomed. > >-- >Peter Christiansen >Chiang Mai - Thailand > > > ><*> "The man who produces while others dispose of his product is a >slave." <*> > > > > >- - - - - ------------------------------ Date: Sat, 29 Jan 2000 21:40:45 -0500 From: Walter Stock Subject: Re: [CANSLIM] Current 'M' "Makara Tam=E1s" wrote: > Why do I write all this? Because I see surprisingly little > bearishness in the list. Or maybe I can't read sentiment? Hi Makara, I am as bearish as I get, and have been so since I went to 100% cash on January 11th. I wrote our group about it at the time and I remain bearish for the near term.... Canslim factors: 1) Two distribution days last week on the Nasdaq, including one day with the highest volume on record. Several distribution days the week before on the Dow as well. 2) Market leaders starting to break down (e.g. QCOM). 3) Bull sentiment still in the stratosphere. Bear sentiment way too low. Put/call ratio showing record complacency. Non-canslim: 1) As I said back on Jan 14th, I still think that the Fed raises by 75 basis points by summer. ( I don't see it all happening at once next week though.) Having said all this though, we have only seen two full distribution days on the Nas so far. If I were still in the market, I would be looking for another two on the Nas within the next couple of weeks before I would consider the WON signal fulfilled. Hope this helps.... Walter Stock Oakville, ON, Canada - - ------------------------------ Date: Sat, 29 Jan 2000 21:59:02 -0600 From: "John Adair" Subject: Re: [CANSLIM] ADX Http://www.equis.com then go to formulas or free stuff. You can paste it in to your program - ----- Original Message ----- From: Patrick Wahl To: Sent: Saturday, January 29, 2000 8:35 PM Subject: [CANSLIM] ADX > Does anyone know of a web site that would have a definition of the > ADX indicator of sufficient detail that it could be coded in a > computer program? > > > > - > > - - ------------------------------ Date: Sat, 29 Jan 2000 21:59:54 -0500 From: Robert Subject: [CANSLIM] Acc/Dis Numbers Here are the latest Acc/Dis numbers: Date A B C D E AB/A:E %E 1/19/2000 1769 2401 1148 1062 501 61% 7% 1/20/2000 1823 2371 1141 1043 513 61% 7% 1/21/2000 1876 2383 1101 1050 505 62% 7% 1/24/2000 1867 2362 1110 1056 540 61% 8% 1/25/2000 1874 2381 1068 1066 544 61% 8% 1/26/2000 1802 2349 1111 1094 577 60% 8% 1/27/2000 1776 2336 1137 1129 574 59% 8% 1/28/2000 1792 2359 1133 1102 559 60% 8% 1/31/2000 1761 2363 1169 1104 534 60% 8% Spreadsheet version: Date,A,B,C,D,E,AB/A:E,%E 1/19/2000,1769,2401,1148,1062,501,61%,7% 1/20/2000,1823,2371,1141,1043,513,61%,7% 1/21/2000,1876,2383,1101,1050,505,62%,7% 1/24/2000,1867,2362,1110,1056,540,61%,8% 1/25/2000,1874,2381,1068,1066,544,61%,8% 1/26/2000,1802,2349,1111,1094,577,60%,8% 1/27/2000,1776,2336,1137,1129,574,59%,8% 1/28/2000,1792,2359,1133,1102,559,60%,8% 1/31/2000,1761,2363,1169,1104,534,60%,8% Robert - - ------------------------------ Date: 29 Jan 2000 21:08:54 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] market From Ian Woodward: The Nasdaq closed at 3887.07 on Friday, down 348.33 points for the=20 week. The Nasdaq is experiencing resistance at this point and many of the= =20 high flyers in the Nasdaq 100 were sold to capture profits. The market is=20 in double top territory. If it holds here and rallies, it needs to take out= =20 the old highs, or our next obstacle will be the dreaded head and shoulders= =20 formation. All HGS Investors should be cautious at this point. Remember, the leading= =20 stocks are fat with profits, and when the institutions begin to sell, it=20 will be fast and furious. Use trailing stops on your positions. See the Nasdaq and Base Low charts. Ian's comments on gaps and how they can= =20 be used to determine support in the current market environment follows: The= =20 full context is on the BB. The Value of Gaps - The EARLIEST SIGN 1. Gaps are an important piece of information in evaluating the footprints= =20 in the snow. Here we have a case of either a breakaway gap or an exhaustion= =20 gap. "What's in a name you might ask?" The former is the start of a new=20 fresh leg with plenty of promise, while the latter suggests that we have=20 reached a double top and are headed down. 2. "When do we know which one it is?", and there-in lies the clue to why I= =20 believe for this time around, the quickest answer will come from the recent= =20 gap which the Nasdaq formed on January 14. a. The high on Jan. 13 was =85=85=85 =853957.40 b. The Low on Jan. 14 was= =85=85=85..=20 4045.72 c. So there was a significant Gap Up between these two points of=20 88.32 points d. The New High on Jan. 24 =85=85=85.4303.15 e. Current low= today=20 Jan 27=85=85=85=85.3973.59 f. The Current close today Jan27=85.4039.36 3. From the above, we can see that today, the Nasdaq tried to close the gap= =20 and failed, stopping just 16 points above the start of that Gap on Jan 13.= =20 If it closes that Gap to the downside, it would go down a minimum of 82=20 points, a sizable bad down day. At that stage the Nasdaq will be down 8%,=20 which is tantamount to a Minor Correction, not enough yet to considering a= =20 quick exit. If it holds above this Gap, we have a Breakaway Gap and we move= =20 to higher highs. 4. We just had the situation where within three days at the start of the=20 year we had a knee jerk of 11% down, and immediately bounced back from=20 there. Since we have now got used to this "buy on dips strategy", the=20 complacent suggestion is to at least give it that much before one decides=20 to scarper (leave the scene of the crime). Would you believe that 11% down= =20 takes us down to 3830, and that is the last low prior to the Gap Up, and an= =20 obvious line of support. 5. Since the Current Close is at 4039.36, we have 209 points or about two=20 heavy days to the downside before you should call it quits. 6. The next lowest low for the start of this latest run and the point at=20 which one had a lightly tapped in Base Low Stake until taken out, would be= =20 at 3711.09. Would you believe that point is conveniently 13.76% down and=20 for sure you would have a deep hole in your pockets if you stayed that=20 long? I refer you to the conversation I had only last week with Charles who= =20 was quite ready to look for a High Road Scenario of at least 25% up, and I= =20 cautioned there were steps in between. At this stage, the Double Top=20 scenario I covered is in play, but not played out. So there you have it. Net-net: 1. You are already on "ready" 2. If the Gap is closed soon at 3957, it's=20 "aim" 3. If the next low is taken at 3830, I'd 4. Wait for a Bounce, and IF= =20 it is weak, I'd "fire" and not wait for a drop to 3711, where you would=20 suffer much pain, since you want to preserve the most profits! Other clues to look for along the way: 1. 1 Million share days to the upside have been 6 since Jan 1 on the Nasdaq= =20 2. 1 Million share days to the downside are 3 since then (I don't know what= =20 happened today) 3. Therefore this market is still accumulating 4. Keep a=20 beady eye on this count. 5. The Mutual Fund Index is above its 50 Day MA.=20 When it breaks 700 to the downside, you better watch out. If it breaks 660,= =20 the big boys are having trouble and you are in deep yogurt. The Index will= =20 be negative for the year by then. Last, but not least, the Market will turn to a Major decline only when the= =20 Baby Boomers cease to buy on dips, mark my words. Until then we will=20 continue to have these 10 to 12% corrections every two months since the=20 Nasdaq is so much further extended than the rest of the Market Indexes.=20 That is when they will finally abandon the Tech Stocks, and we have a=20 complete rotation. Until then, ENJOY! At 04:05 PM 1/29/00 +0100, you wrote: >It seems to me that we have seen almost all the signs of an >intermediate market top. Heavy distribution days, a failed >rally after the early January lows (at least in the Dow, and >S&P), extreme optimism, tightening FED. I notice however, >that the Nasdaq and many technology leaders are still above >their prior lows. > >I'd really like to know the list members opinion. > >Tamas > > > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sun, 30 Jan 2000 14:31:02 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Why I sold on Monday the 3rd Tamas wrote: >I do not want rely on hope. In the market it is foolish to rely on hope or any other emotion, IMO. A good trader must learn to keep his emotions under control. Did you know that there are trainers out there that teach professional traders to do just that? Personally, I'm quite happy with that part of my trading. My remaining problem in this area is that on (semi-)spectacular up days (remember Mon 01/03) or on spectacular down days (01/04) I get excited and literarily cheer the market on. You should see it. I laugh with it myself. To fix that, I've attached an internal alarm to this behaviour. The internal alarm directs me to calm down, take deep breath and look for trading opportunities. Additionally I've asked my wife to say to me: "Remember to keep your emotions under control" whenever I'm showing emotions like this about the market. Last Friday I said to my wife "I hope the whole market breaks down big time. " And she told me to keep my emotions under control. >Why do I write all this? Because I see surprisingly little >bearishness in the list. Or maybe I can't read sentiment? You will see more bearishness when people are in cash. While people are in pain they tend to not talk about it. So on put on a time-line it goes like this: bearish (100% cash) - [market starts upleg] - in doubt - slightly bullish - very bullish (fully invested) - [market starts to correct] - denial - in doubt - in pain - can stand the pain any longer (selling and in cash again). Obviously the above scenario is a gross generalisation and is NOT the case for a CANSLIMer. ;^) So when you start to see the bearishness on the list you (and me!) want to see to confirm our own thinking, it is probably already to late. >Johan, did your views change since your post on 8 January? At this moment, my view is the same: Cash is king for the CS'er. For those who must play: 10% long, 10% short, 80% cash. But I changed my views a few times since Jan 3rd! Went short. Went long. Held cash. Went long. And back to nearly 100% cash again. Now I'm only holding a very small part of my BFRE position, as I sold most of it on Friday. >Earl, thank you for your answer. I think you, and IBD, may >be right but I don't dare to stay in the market any more. A >quetion: I think, WON says that the initial fall following >the distribution often comes on low volume. >Do we really need more than two distribution days? WON says: Four days of distribution, if correctly spotted over a two- or three-week period, almost always is enough to turn a previously advancing market into a decline. At this point, I will start looking for stocks that are giving indications they should be sold or trimmed back. - -- Johan - - ------------------------------ Date: Sun, 30 Jan 2000 14:31:20 +0100 From: Johan Van Houtven Subject: [CANSLIM] The Fed At 08:16 PM 29-01-00 -0500, you wrote: >Tough week, worst NASDAQ percentage performance in history. >The selloff on Friday, esp on high flyers, really distorts >charts. "M" looks terrible, considering the Feds meet next >week and will undoubtedly raise rates. Tom, what precisely made you change your "no hike" stance from a week or so ago? >Only question is by >how much, and which rates. Considering economic news this >week and to be delivered early next week, can easily be a >half pt hike. I am not even ruling out a full pt, tho that >takes some speculative advance thinking. Then again, the >Feds look ahead, not back. - -- Johan - - ------------------------------ Date: Sun, 30 Jan 2000 08:54:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] The Fed Several things, which I tried to reflect in my brief comments in my weekly DGO List (since that's about all I have been able to make time to post). Most recently, of course, is the delayed ECI (Employment Cost Index) Report released Friday. Once again, higher than expectations. Combine that with the reversal in New Unemployment claims for the past two weeks, and the brief loosening in the labor mkt no longer exists. The ECI is significant as it picks up benefits rather than just wages and salaries alone, and employers are using benefits to attract or keep people. So it's a better gauge of overall labor costs, and at 1.1% likely to be too much to be offset by productivity gains. A second reason is the preliminary estimate of the 4th qtr GDP, also well over expectations. It's growth is well over acceptable trendlines for the Feds, and clearly shows the three qtr pt hikes in '99 have not slowed the economy. Not really surprising, given that many global economies are recovering and increasing demand. The key here appears to be consumer sentiment, which is now at record levels. So long as this is high, they will keep spending, and consumer spending is two thirds of the economy. And so long as the mkt continues to give investors "windfall" profits, and they continue to enjoy job security, consumer sentiment is likely to remain high. The Feds will raise rates next Wed, only question is by how much and on which rates. There is some thinking that the mkt decline last week may have taken some pressure off the Feds for a half pt hike. Thus, they think a qtr pt is likely, and that thinking probably influenced the strong rally in the bond mkt on Friday. If Mr. G were not so concerned about causing a collapse in the financial mkts, I think he would hike a full percentage pt to send a strong message, as well as put the brakes sharply on the economic growth rate. But since they meet again in March, he has two opportunities in the first qtr. So, politics and reality being what they are, I expect no more than a half pt in Feb, then probably nothing in March. If we get a qtr pt in Feb, however, and reports continue like recent ones, we could still see a half pt in March. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: Johan Van Houtven To: Sent: Sunday, January 30, 2000 8:31 AM Subject: [CANSLIM] The Fed At 08:16 PM 29-01-00 -0500, you wrote: >Tough week, worst NASDAQ percentage performance in history. >The selloff on Friday, esp on high flyers, really distorts >charts. "M" looks terrible, considering the Feds meet next >week and will undoubtedly raise rates. Tom, what precisely made you change your "no hike" stance from a week or so ago? >Only question is by >how much, and which rates. Considering economic news this >week and to be delivered early next week, can easily be a >half pt hike. I am not even ruling out a full pt, tho that >takes some speculative advance thinking. Then again, the >Feds look ahead, not back. - -- Johan - - - - ------------------------------ Date: Sun, 30 Jan 2000 15:22:00 -0500 From: Al French Subject: Re: [CANSLIM] Current 'M' What does it take to negate the two distribution days we've already had? WON says "Sometimes distribution could be spread over six or seven weeks if the market attempts to rally back to new highs," so when would you start the count over again? Or do you continue counting until you get a confirmed rally after a follow through day? In "24 Lessons," the figure for 1998 (p. 71) shows in May the count continuing past a >1% increase on greater volume. In July he began the count after a follow through day and counted through a >1% on volume day and also through a record high. Al French Walter Stock wrote: > Having said all this though, we have only seen two full > distribution days on the Nas so far. If I were still in > the market, I would be looking for another two on the > Nas within the next couple of weeks before I would > consider the WON signal fulfilled. - - ------------------------------ Date: Sun, 30 Jan 2000 22:08:59 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Current 'M' We can start counting again, when a new low has been put in and we start a rally again. After that we look for a follow through day (1% up on volume greater than previous day within a window of 4 to 7-12 after the low). The follow through day must also FEEL like follow through day. Some of the hottest new leaders will have been breaking out a few days preciding the follow through day. And many more will be breaking out on that day and the days that follow. For that to happen we need some good bases to lauch from. There are a few now, but not many. So chances that you need to start counting today are slim. At 03:22 PM 30-01-00 -0500, you wrote: > What does it take to negate the two distribution days we've already >had? WON says "Sometimes distribution could be spread over six or seven >weeks if the market attempts to rally back to new highs," so when would >you start the count over again? Or do you continue counting until you >get a confirmed rally after a follow through day? > In "24 Lessons," the figure for 1998 (p. 71) shows in May the count >continuing past a >1% increase on greater volume. In July he began the >count after a follow through day and counted through a >1% on volume day >and also through a record high. > >Al French > >Walter Stock wrote: > >> Having said all this though, we have only seen two full >> distribution days on the Nas so far. If I were still in >> the market, I would be looking for another two on the >> Nas within the next couple of weeks before I would >> consider the WON signal fulfilled. > > >- > > - -- Johan - - ------------------------------ Date: Sun, 30 Jan 2000 22:42:19 +0100 From: Johan Van Houtven Subject: [CANSLIM] QCOM Hi Walter, >2) Market leaders starting to break down (e.g. QCOM). I thought the English and Scottish were the masters of the understatement. But the Canadians are going to take that title away if they don't look out! Just kiddin' Walter, I'm sure you didn't mean it that way. I truely feel for those who bought at 200 and are now sweating it out at 110. It is down 45% from the top. That means it will have to go up nearly 82% from here just to get back to the old high. Surely this "fantastic" stock will be back before long they must be thinking. And they are accompanied by buy-the-dip folks, who bought as the stock continued to drop. By now, these buy-the-dippers are not feeling to well, I would guess. Even those who bought the 12/13 breakout have kissed most of their profits goodbye by now. I take my hat of for those who are holding this in bull-market terms 'long-term winner' and are determined to weather this storm. But I also ask myself: "Is that CANSLIM?". I'd appreciate to hear the rational or viewpoint from those who are holding at a loss or who have seen their profits in this stock decline drastically, as I think we could all learn something here. - -- Johan - - ------------------------------ Date: Sun, 30 Jan 2000 13:42:34 -0800 (PST) From: rolatzi Subject: [CANSLIM] sectors with best 3wk performance I am now finding the best sectors based on 3 week price change and then the best stocks in that sector. Notice that most of them are negative for the last three weeks. I will try to keep this up for eventually the market conditions will be positive again. ciao, rolatzi !ID184 Transpt-AirFght TRANAIRF AEIC !ID184 99.6 !ID005 Auto&Trck-Rpl Pt AUTOREPL ATAC !ID005 89.4 !ID036 BusSvc-Security PROTSFTY PRY !ID036 99.5 !ID090 Hlth-Biomed/Gen MEDBIOGN CYPH !ID090 119.3 VLTS !ID090 105.7 GLGC !ID090 102.4 !ID063 Elec-Instr Scien INSTRSCI NEWP !ID063 100.2 !ID170 Retail/Whl-Cmput RTLWCOMP CDWC !ID170 95.8 !ID085 Food-Confect FOODCONF GUMM !ID085 100 !ID148 OilGas-Refng/Mkg OGREFIN OPMR !ID048 99.7 !ID103 Hsehld-Appliance HSEAPPL SFP !ID103 93.1 !ID071 Elec-Semi Mfg ELECSEMI VSEA !ID071 111.1 TXCC !ID071 100.4 __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - - ------------------------------ Date: Mon, 31 Jan 2000 10:46:33 +1300 From: "John Lynch" Subject: Re: [CANSLIM] The Fed Group, Can anyone advise what time the FOMC meeting is expected to announce the decisions? For those of us who are normally soundly asleep while they deliberate, it might be worth getting up early :-) John - ----- Original Message ----- From: "Tom Worley" To: Sent: Monday, January 31, 2000 2:54 AM Subject: Re: [CANSLIM] The Fed Several things, which I tried to reflect in my brief comments in my weekly DGO List (since that's about all I have been able to make time to post). Most recently, of course, is the delayed ECI (Employment Cost Index) Report released Friday. Once again, higher than expectations. - - - - - - ------------------------------ Date: Sun, 30 Jan 2000 14:48:46 -0700 From: Deepak Kapur Subject: Re: [CANSLIM] sectors with best 3wk performance Hi Rolatzi, Thanks for posting the best sectors list. Would you be kind enough to explain the various columns in the list? Thanks, Deepak - - ------------------------------ Date: Sun, 30 Jan 2000 15:55:54 -0600 From: "walter nusbaum" Subject: Re: [CANSLIM] Current 'M' - ----- Original Message ----- From: "Al French" To: Sent: Sunday, January 30, 2000 2:22 PM Subject: Re: [CANSLIM] Current 'M' > What does it take to negate the two distribution days we've already > had? WON says "Sometimes distribution could be spread over six or seven > weeks if the market attempts to rally back to new highs," so when would > you start the count over again? Or do you continue counting until you > get a confirmed rally after a follow through day? Al, It is my impression that any number of distribution days may be discounted following a strong follow through day and subsequent strong rally. The question then is , "What is a strong rally"? It probably involves confirmation on the other indices. If there is not a general market move, then the rally on a single index is suspect. Having said that, it would seem that the NAS has a life of its own these days and is immune to the movements of the Dow and S&P. (Are we having fun yet?). > In "24 Lessons," the figure for 1998 (p. 71) shows in May the count > continuing past a >1% increase on greater volume. Yes. Here he's talking about a market top and a follow through day loses its significance in this instance, since a strong rally did not eventuate; he continued his count of distribution days. In July he began the > count after a follow through day and counted through a >1% on volume day > and also through a record high. This is similar to the instance above. I have a problem with this example in that I see the first (unremarked)distribution day as occurring four days prior to his first indicated distribution day. It is located directly above the "J" in "Jul"(page 71), so that would put his sell day prior to the market peak. Would you agree with this? As an aside, I agree with Walter in his assesment below. Best wishes, Walt > Al French > > Walter Stock wrote: > > > Having said all this though, we have only seen two full > > distribution days on the Nas so far. If I were still in > > the market, I would be looking for another two on the > > Nas within the next couple of weeks before I would > > consider the WON signal fulfilled. > > > - > - - ------------------------------ Date: Sun, 30 Jan 2000 17:24:45 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] The Fed The Feb meeting is two days, starting on Tuesday. I would expect an announcement around 2:15PM on Wednesday. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: John Lynch To: Sent: Sunday, January 30, 2000 4:46 PM Subject: Re: [CANSLIM] The Fed Group, Can anyone advise what time the FOMC meeting is expected to announce the decisions? For those of us who are normally soundly asleep while they deliberate, it might be worth getting up early :-) John - ----- Original Message ----- From: "Tom Worley" To: Sent: Monday, January 31, 2000 2:54 AM Subject: Re: [CANSLIM] The Fed Several things, which I tried to reflect in my brief comments in my weekly DGO List (since that's about all I have been able to make time to post). Most recently, of course, is the delayed ECI (Employment Cost Index) Report released Friday. Once again, higher than expectations. - - - - - - - - ------------------------------ Date: Sun, 30 Jan 2000 18:13:44 -0500 From: Al French Subject: Re: [CANSLIM] Current 'M' walter nusbaum wrote: > I have a problem with this example in > that I see the first (unremarked)distribution day as occurring four days > prior to his first indicated distribution day. It is located directly above > the "J" in "Jul"(page 71), so that would put his sell day prior to the market > peak. Would you agree with this? > I hadn't noticed that, but I believe you are correct. He didn't count the most obvious distribution day! And counting it would have signaled an almost perfect exit. Yes, this is lots of fun. Or at least it was until last week. ;-) Al French - - ------------------------------ Date: Sun, 30 Jan 2000 17:48:01 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] sectors with best 3wk performance - --- Deepak Kapur wrote: > Hi Rolatzi, > > Thanks for posting the best sectors list. Would you be kind > enough to explain the various columns in the list? > Thanks, > Deepak > > - > > Sorry Depak, The first column is the sector number, the second is the sector name/sector symbol, the next is the leading stock in that sector, the next is the sector number again, the next is the movement of the individual stock in the last three weeks - 100 is no change, <100 is negative and >100 is positive. In a few cases, I posted several stocks in the sector if they were positive over the last three weeks (>100). I will try to make the postings clearer in the future. I will post the percentage change over three weeks. There is nothing sacred about three week change but it seems like a good mid to short term indicator. ciao, rolatzi __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - - ------------------------------ End of canslim-digest V2 #810 ***************************** 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.