From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #892 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, May 5 2000 Volume 02 : Number 892 In this issue: Re: [CANSLIM] M & Bulls/Bears % Re: [CANSLIM] M & Bulls/Bears % [CANSLIM] M [CANSLIM] Earl's spreadsheet Re: [CANSLIM] M Re: [CANSLIM] M Re: [CANSLIM] M [CANSLIM] OFF TOPIC(BigEasy) Re: [CANSLIM] Leaders List Spreadsheet RE: [CANSLIM] M RE: [CANSLIM] Leaders List Spreadsheet Re: [CANSLIM] Earl's spreadsheet Re: [CANSLIM] M & Bulls/Bears % Re: [CANSLIM] OFF TOPIC(BigEasy) Re: [CANSLIM] Leaders List Spreadsheet Re: [CANSLIM] OFF TOPIC(BigEasy) ---------------------------------------------------------------------- Date: Thu, 04 May 2000 10:37:36 -0400 From: Walter Stock Subject: Re: [CANSLIM] M & Bulls/Bears % Still 100% cash. Am deeply suspicious of this market so far. Nevertheless, I looked at a couple of purchases over the past few days, but was not impressed enough to take the plunge. I noticed though, that according to IDB's sentiment numbers today, the percentage of bulls is finally starting to decline (to 47.6%) with bears over 30% for the first time in more than two months (31.4%). The pieces may just be starting to fall into place. Trigger finger itchy for first time in well over two months. Walter Stock Oakville, ON, Canada Earl Setser wrote: > Well, another day, another dollar (gone). Today looks like a distribution > day on the Nasdaq, so I feel this is a very bad sign. Based on the > weakness on volume late yesterday, and further weakness today, I took a > small profit on my two positions, and went back to 100% cash. Where is > everyone else at this point? It seems we have quite a difference of % > invested at this point. > > I find it interesting that IBD is so very cautious while Marder seems to be > jumping back in! I think I'll go with IBD for this one. Oh well, like I > love to say, "Easy come, Easier Go!" Good luck all. > > - - - ------------------------------ Date: Thu, 4 May 2000 08:38:44 -0700 (PDT) From: rolatzi Subject: Re: [CANSLIM] M & Bulls/Bears % Walter, What level of bullish or bearish sentiment are you looking for? I have been cutting back and taking profits but still find the energy sector to be positive. At this point energy sector may even be considered for CANSLIM stocks with increasing performance, earnings and many are making nice bases or breaking out to new highs. Ciao, rolatzi - --- Walter Stock wrote: > Still 100% cash. Am deeply suspicious of this market so > far. > Nevertheless, I looked at a couple of purchases over the > past few > days, but was not impressed enough to take the plunge. > > I noticed though, that according to IDB's sentiment > numbers > today, the percentage of bulls is finally starting to > decline (to 47.6%) > with bears over 30% for the first time in more than two > months (31.4%). > > The pieces may just be starting to fall into place. > > Trigger finger itchy for first time in well over two > months. > > Walter Stock > Oakville, ON, Canada > > > Earl Setser wrote: > > > Well, another day, another dollar (gone). Today looks > like a distribution > > day on the Nasdaq, so I feel this is a very bad sign. > Based on the > > weakness on volume late yesterday, and further weakness > today, I took a > > small profit on my two positions, and went back to 100% > cash. Where is > > everyone else at this point? It seems we have quite a > difference of % > > invested at this point. > > > > I find it interesting that IBD is so very cautious > while Marder seems to be > > jumping back in! I think I'll go with IBD for this > one. Oh well, like I > > love to say, "Easy come, Easier Go!" Good luck all. > > > > - > > > - > > __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - - ------------------------------ Date: Thu, 04 May 2000 12:20:52 -0700 From: han.26@osu.edu Subject: [CANSLIM] M Is anyone still calling last Friday a follow through? If so, do you consider the next rally attempt "day 1" of a new rally or still part of the last rally? To me, it looks a lot like a failed rally attempt after the decsent from a March top. That would put us in the early part of a bear market with one leg [down] already past. Any other interpretations? - -Jim-- - - ------------------------------ Date: Thu, 4 May 2000 14:10:05 -0400 (EDT) From: Alexander T Subject: [CANSLIM] Earl's spreadsheet Hi Earl I just had a chance to look at your spreadsheet. I commend you for being able to take the time and analyze such a vast number of stocks, considering that you are using information printed in IBD. That must take some time ! I am wondering, which site are you using to check the bases on stocks ? I found MSN Moneycentral has good interface for charting stocks, but I also found that if you do many of them in a row, page loading slows down considerably. Thanks ______________________________________________ FREE Personalized Email at Mail.com Sign up at http://www.mail.com/?sr=signup - - ------------------------------ Date: Thu, 04 May 2000 19:56:21 +0200 From: Werner Vandewiele Subject: Re: [CANSLIM] M At 12:20 PM 04-05-00 -0700, you wrote: >Is anyone still calling last Friday a follow through? It is still a follow thru day technically,until we undercut the low that we used to start counting from. But you also have to watch the LEADERS! They are SHOUTING to you right now 'Go back to CASH!'. Breakout failures galore. Hence my 'Game over' post from a few days ago. >If so, do you consider the next rally attempt "day 1" of a new rally or >still part of the last rally? To me, it looks a lot like a failed rally >attempt after the >decsent from a March top. That would put us in the early part of a bear >market with one leg [down] already past. Any other interpretations? > >-Jim-- > > >- Regards, <<< Werner Vandewiele >>> - - ------------------------------ Date: Thu, 04 May 2000 11:19:22 -0700 From: Tim Fisher Subject: Re: [CANSLIM] M For every failure you can find, I can find a counterexample. Witness AMD, AXE, PWR, TER, TNL, VSH, to name a few. These are recent breakouts that have emphatically not failed. Of course they may fail by the end of the day but that is speculation. For now they have held up admirably. On 10:56 AM 5/4/00, Werner Vandewiele Said: >At 12:20 PM 04-05-00 -0700, you wrote: >>Is anyone still calling last Friday a follow through? > >It is still a follow thru day technically,until we undercut the low that >we used to start counting from. > >But you also have to watch the LEADERS! They are SHOUTING to you right now >'Go back to CASH!'. Breakout failures galore. > >Hence my 'Game over' post from a few days ago. > >>If so, do you consider the next rally attempt "day 1" of a new rally or >>still part of the last rally? To me, it looks a lot like a failed rally >>attempt after the >>decsent from a March top. That would put us in the early part of a bear >>market with one leg [down] already past. Any other interpretations? >> >>-Jim-- >> >> >>- > >Regards, > ><<< Werner Vandewiele >>> > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 04 May 2000 12:51:43 -0700 From: Subject: Re: [CANSLIM] M Was stopped out of my 4 holdings...back to cash...back to watching and waiting. Ziggy Earl Setser wrote: > Well, another day, another dollar (gone). Today looks like a distribution > day on the Nasdaq, so I feel this is a very bad sign. Based on the > weakness on volume late yesterday, and further weakness today, I took a > small profit on my two positions, and went back to 100% cash. Where is > everyone else at this point? It seems we have quite a difference of % > invested at this point. > > I find it interesting that IBD is so very cautious while Marder seems to be > jumping back in! I think I'll go with IBD for this one. Oh well, like I > love to say, "Easy come, Easier Go!" Good luck all. > > - - - ------------------------------ Date: Thu, 4 May 2000 15:58:44 -0500 From: "walter nusbaum" Subject: [CANSLIM] OFF TOPIC(BigEasy) Hi men, I ran across a site that some may find useful. It provides a plethora of indicators on some 20,000 stocks including up(green) and down(red) volume, the last five quarters of earnings, screening using both bull and bear indicators(your choice), etc. I have only scratched the surface, but I set up "QQQ"(mimics the NAS 100), and the distribution days that I missed on the NASDAQ in the IBD were painfully obvious.(Hindsight and all that of course). This program graphs in bar, line, and .candlestick. A really neat feature(using L/R buttons) allows you to step the graph backward and forward, so that you can watch the graph unfold on a daily basis. Anyway, the program is free with free daily data downloads: http://www.bigeasyinvestor,com Best wishes, Walt - - ------------------------------ Date: Thu, 04 May 2000 18:11:56 -0600 From: Earl Setser Subject: Re: [CANSLIM] Leaders List Spreadsheet At 08:57 PM 5/3/00 PDT, you wrote: >Earl, > >Thanks so much for the spreadsheets. >Obviously you're busting your butt putting this information together. Your welcome. > >I am relatively new to investing and new to CANSLIM. I've been reading these >posts for about a month and have read HTMMIS. > >I have found several members talking about DGO. Can you tell me what the >site is? I am under the impression that it is similar to stocktables.com and >would like to have a site available that sorts data like IBD. DGO (Daily Graphs On-Line) is William O'Neil's company on-line graphing service. There regular service mails you hard-copy graphs with quite a lot of information on many-many stocks. The info includes most of the IBD rankings, institutional holdings, EPS numbers, etc. DGO is an on-line version. Tom subscribes, and will probably supply a more complete description, or go to their website, http://www.dailygraphs.com/ > >In addition, I was attempting to analyze the numbers in your spreadsheet and >would like clarification on a couple items. > >What is the significance of the pivot, 5% and 20% down numbers? >Is the pivot point a point of resistance to watch for? I calculate a "New High" pivot for each stock that I don't see a handle or a double bottom for. Generally I use closing numbers for this pivot. I check to see the highest closing price and then I select the next highest price in 1/4 point increments. If I notice a handle, then I update the pivot to the intraday high at the top of the handle. > >Thanks, Earl, I wish I had found this group before I invested some cash in >April....I'm down 35% since mid March ...all tech stocks... > >I think you said you were 100% cash, but I'm holding, hoping for a rebound >this fall... > >Dave Massaglia > > >> - - ------------------------------ Date: Thu, 04 May 2000 18:15:30 -0600 From: Earl Setser Subject: RE: [CANSLIM] M Hi, thanks for that update. I actually lost confidence and escaped with a slight gain! Both of my former stocks moved up today, also, but I'm still happier in cash at this point. At 02:34 AM 5/4/00 -0700, you wrote: >Here's the end of Marder's article today from TradingMarkets.com: > >"Conclusion: What little leadership the market had evaporated Tuesday and >Wednesday. The intermediate-term trader who bought some of these breakouts >and likely got stopped out with small losses should continue to monitor his >or her list of favorites to see if they can rebuild themselves soon." > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser >Sent: Wednesday, May 03, 2000 5:52 PM >To: canslim@xmission.com >Subject: [CANSLIM] M > > >Well, another day, another dollar (gone). Today looks like a distribution >day on the Nasdaq, so I feel this is a very bad sign. Based on the >weakness on volume late yesterday, and further weakness today, I took a >small profit on my two positions, and went back to 100% cash. Where is >everyone else at this point? It seems we have quite a difference of % >invested at this point. > >I find it interesting that IBD is so very cautious while Marder seems to be >jumping back in! I think I'll go with IBD for this one. Oh well, like I >love to say, "Easy come, Easier Go!" Good luck all. > > >- > > >- > > > - - ------------------------------ Date: Thu, 04 May 2000 18:23:29 -0600 From: Earl Setser Subject: RE: [CANSLIM] Leaders List Spreadsheet Here is a list of abbreviations from the Leaders List Spreadsheet Symb - Symbol Exch - Exchange Type - Type of pivot, handle, closing high, all-time high, or double-bottom 5% - Pivot plus 5%, my highest allowed buy price 20% - Pivot minus 20%, a reminder I don't need to watch this one closely IGP - Industry Group Rank from IBD EPS - Earnings per Share RPS - Relative Price Strength SPR - Sales + Profits Margins + ROE rank A/D - Accumulation/Distribution rank IBD Chk Date - the last date the data for this stock was updated Spn - Sponsorship rank from IBD Spns Date - the last date for the sponsorship rank 50 ADV - 50 day Average Daily Volume for this stock At 07:02 AM 5/4/00 -0500, you wrote: >Forgive the question >What is the abbreviations on the heading of the leaders spread sheet?? > >Thanks > > > > >Dwayne P. Andras M >DeeAndras@cajun.net > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Massaglia >Sent: Wednesday, May 03, 2000 10:58 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Leaders List Spreadsheet > > >Earl, > >Thanks so much for the spreadsheets. >Obviously you're busting your butt putting this information together. > >I am relatively new to investing and new to CANSLIM. I've been reading these >posts for about a month and have read HTMMIS. > >I have found several members talking about DGO. Can you tell me what the >site is? I am under the impression that it is similar to stocktables.com and >would like to have a site available that sorts data like IBD. > >In addition, I was attempting to analyze the numbers in your spreadsheet and >would like clarification on a couple items. > >What is the significance of the pivot, 5% and 20% down numbers? >Is the pivot point a point of resistance to watch for? > >Thanks, Earl, I wish I had found this group before I invested some cash in >April....I'm down 35% since mid March ...all tech stocks... > >I think you said you were 100% cash, but I'm holding, hoping for a rebound >this fall... > >Dave Massaglia > > >> >>I had several requests for the spreadsheet I use to generate my leaders >>list. I didn't expect that amount of interest!! Thanks for the >>compliments and I'm glad several of you find it useful. I have decided to >>go ahead and post the file on the CANSLIM FTP site. You can get the file >>at: >> >>ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls >> >>The following notes are what I originally wrote to one person, now modified >>for a broader audience. This describes the spreadsheet and how I generate >>it. >> >>The spreadsheet is a compilation of CANSLIM data on various stocks. I get >>the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for >>rankings of A-E. The Quant formulas are an attempt to combine all of the >>rankings into a single ranking that will highlight the strongest stocks. >> >>I don't (generally) post my spreadsheet publicly. It is generally a work >>in progress, and I also have a bunch of other worksheets included like my >>CANSLIM performance, other investments, etc. I went ahead and deleted the >>rest of the worksheets so you guys could get a copy and see what I'm doing. >> I update the worksheet on most weekends, and try to make sure all of the >>data is no more than one month old. This last weekend, I updated all of >>the EPS/RPS/SMR/Acc numbers since it's earnings season. >> >>The file I've uploaded is in a different order than the original list. >>After I generate the list, I do my own technical scan of each of the >>stocks. The "Technical Chart Status" column is my notes as of this last >>weekend. Then I re-sort the top 100 to put the longest bases on top, >>recent breakouts next, shorter bases in the middle, and stocks without >>bases at the bottom. This gives me a watch list for the week. I have >>bolded some stocks. These are stocks that are closest to breakouts and >>warrant closer watching. I try to review these several times during the >>day. (Note that some stocks show well on the list, but I really don't care >>for the chart or something else about the stock. SMTC is an example of one >>that I probably won't buy.) >> >>Note that I have 2 quant formulas I'm evaluating. Both formulas combine >>EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called "Old >>Quant" also gives credit for IGP rank (#1 gets more points than #2), while >>the new one "New Quant" doesn't. I'm leaning towards sticking with the new >>formula, but only using the top 20 industry groups. >> >>Trying to keep this somewhat up-to-date has been quite a challenge. I'm >>probably going to subscribe to DGO hoping I can accomplish this without >>much or all of the work, sometime in the near future. I'm also very >>interested in what on-line screening tools IBD is adding to their website. >>I may wait on DGO until it becomes clear what capabilities they are really >>going to offer (in "early" summer). >> >>Enjoy. >> >> >> >>- >> > >________________________________________________________________________ >Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com > > >- > > > >- > > > - - ------------------------------ Date: Thu, 04 May 2000 18:27:06 -0600 From: Earl Setser Subject: Re: [CANSLIM] Earl's spreadsheet I use Clearstation for a quick scan of a group of stocks (maybe 20 at a time). It takes a few minutes to load, but I like the charts and it's quick to go through stocks that don't have any bases forming. After I find a stock of interest, I use prophetcharts to take a closer look. It has a nice Java chart that gives you daily H/O/L/C and it also allows you to select a timeframe and blow it up. This is what I use to establish the pivot. At 02:10 PM 5/4/00 -0400, you wrote: >Hi Earl > >I just had a chance to look at your spreadsheet. >I commend you for being able to take the time and analyze such a vast number >of stocks, considering that you are using information printed in IBD. That >must take some time ! > >I am wondering, which site are you using to check the bases on stocks ? I >found MSN Moneycentral has good interface for charting stocks, but I also >found that if you do many of them in a row, page loading slows down >considerably. > >Thanks > >______________________________________________ >FREE Personalized Email at Mail.com >Sign up at http://www.mail.com/?sr=signup > > >- > > > - - ------------------------------ Date: Thu, 04 May 2000 21:14:29 -0400 From: Walter Stock Subject: Re: [CANSLIM] M & Bulls/Bears % Hi Rolatzi, Today's IBD says that when the two levels cross (i.e. bulls% < bears%) it has in past flagged a "market bottom". I don't think the indicator has to go that far to work. Also remember that it is a secondary indicator according to WON. The primary indicators are the main indices and also the action of the leadership stocks. These have sucked for two months now. Still, the pieces seem to be falling into place such that I may soon be willing to commit cash on the long side. It takes checking the market day to day. As Jeff Cooper says, if you use a crystal ball, you eat the broken glass. The energy sector? Have been too busy to give it enough time. Remember that energy is often counter-trend to the general market, and may not say much about the overall picture. Walter Stock Oakville, ON, Canada rolatzi wrote: > Walter, > What level of bullish or bearish sentiment are you looking > for? I have been cutting back and taking profits but still > find the energy sector to be positive. > > At this point energy sector may even be considered for > CANSLIM stocks with increasing performance, earnings and > many are making nice bases or breaking out to new highs. > > Ciao, > rolatzi > > --- Walter Stock wrote: > > Still 100% cash. Am deeply suspicious of this market so > > far. > > Nevertheless, I looked at a couple of purchases over the > > past few > > days, but was not impressed enough to take the plunge. > > > > I noticed though, that according to IDB's sentiment > > numbers > > today, the percentage of bulls is finally starting to > > decline (to 47.6%) > > with bears over 30% for the first time in more than two > > months (31.4%). > > > > The pieces may just be starting to fall into place. > > > > Trigger finger itchy for first time in well over two > > months. > > > > Walter Stock > > Oakville, ON, Canada > > > > > > Earl Setser wrote: > > > > > Well, another day, another dollar (gone). Today looks > > like a distribution > > > day on the Nasdaq, so I feel this is a very bad sign. > > Based on the > > > weakness on volume late yesterday, and further weakness > > today, I took a > > > small profit on my two positions, and went back to 100% > > cash. Where is > > > everyone else at this point? It seems we have quite a > > difference of % > > > invested at this point. > > > > > > I find it interesting that IBD is so very cautious > > while Marder seems to be > > > jumping back in! I think I'll go with IBD for this > > one. Oh well, like I > > > love to say, "Easy come, Easier Go!" Good luck all. > > > > > > - > > > > > > - > > > > > > __________________________________________________ > Do You Yahoo!? > Send instant messages & get email alerts with Yahoo! Messenger. > http://im.yahoo.com/ > > - - - ------------------------------ Date: Fri, 05 May 2000 07:11:40 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] OFF TOPIC(BigEasy) At 03:58 PM 5/4/00 -0500, you wrote: >Hi men, >I ran across a site.. ... > >I have only scratched the surface, but I set up "QQQ"(mimics the NAS 100), >and the distribution days that I missed on the NASDAQ in the IBD were >painfully obvious.(Hindsight and all that of course). ... > >Anyway, the program is free with free daily data downloads: >http://www.bigeasyinvestor,com >Best wishes, >Walt > Other Indexes I have found useful with the BigEasy are: ^DJI ^IXIC ^NDX ^RUT The Spyders and specialty Indexes are: HHH HQH XLB XLE XLF XLI XLK XLP XLU XLV XLY Regards, Frank Wolynski P.S. The screening aspects of BE are the best feature. I have written the authors of the program to encourage inclusion of a Relative Strength ranking system, much like WON uses or PitBull uses at their StockTables site. No luck so far, but they did like the idea. - - ------------------------------ Date: Fri, 5 May 2000 17:19:57 +0300 From: "Tom Gumpel" Subject: Re: [CANSLIM] Leaders List Spreadsheet Earl, Since I was the one to originally ask that you let us all see your handiwork (the excel program), let me thank you personally. (I was out of town for 2 days, and didn't see it 'till today). It is clear to me that you invested a great deal of time and energy in this 'work in progress' and also in making it presentable to the group (i.e., removing the ideosyncrancies that only the creator would understand). I, as do we all, appreciate your hard work, and especially your generosity in providing it to a bunch of 'strangers.' You may have explained it before, but can you explain how you arrived at the pivot price? Still looking at bases, Tom - ----- Original Message ----- From: "Earl Setser" To: Sent: Friday, May 05, 2000 3:23 AM Subject: RE: [CANSLIM] Leaders List Spreadsheet > Here is a list of abbreviations from the Leaders List Spreadsheet > > Symb - Symbol > Exch - Exchange > Type - Type of pivot, handle, closing high, all-time high, or double-bottom > 5% - Pivot plus 5%, my highest allowed buy price > 20% - Pivot minus 20%, a reminder I don't need to watch this one closely > IGP - Industry Group Rank from IBD > EPS - Earnings per Share > RPS - Relative Price Strength > SPR - Sales + Profits Margins + ROE rank > A/D - Accumulation/Distribution rank > IBD Chk Date - the last date the data for this stock was updated > Spn - Sponsorship rank from IBD > Spns Date - the last date for the sponsorship rank > 50 ADV - 50 day Average Daily Volume for this stock > > At 07:02 AM 5/4/00 -0500, you wrote: > >Forgive the question > >What is the abbreviations on the heading of the leaders spread sheet?? > > > >Thanks > > > > > > > > > >Dwayne P. Andras M > >DeeAndras@cajun.net > > > > > >-----Original Message----- > >From: owner-canslim@lists.xmission.com > >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Massaglia > >Sent: Wednesday, May 03, 2000 10:58 PM > >To: canslim@lists.xmission.com > >Subject: Re: [CANSLIM] Leaders List Spreadsheet > > > > > >Earl, > > > >Thanks so much for the spreadsheets. > >Obviously you're busting your butt putting this information together. > > > >I am relatively new to investing and new to CANSLIM. I've been reading these > >posts for about a month and have read HTMMIS. > > > >I have found several members talking about DGO. Can you tell me what the > >site is? I am under the impression that it is similar to stocktables.com and > >would like to have a site available that sorts data like IBD. > > > >In addition, I was attempting to analyze the numbers in your spreadsheet and > >would like clarification on a couple items. > > > >What is the significance of the pivot, 5% and 20% down numbers? > >Is the pivot point a point of resistance to watch for? > > > >Thanks, Earl, I wish I had found this group before I invested some cash in > >April....I'm down 35% since mid March ...all tech stocks... > > > >I think you said you were 100% cash, but I'm holding, hoping for a rebound > >this fall... > > > >Dave Massaglia > > > > > >> > >>I had several requests for the spreadsheet I use to generate my leaders > >>list. I didn't expect that amount of interest!! Thanks for the > >>compliments and I'm glad several of you find it useful. I have decided to > >>go ahead and post the file on the CANSLIM FTP site. You can get the file > >>at: > >> > >>ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/CANSLIM_Data.xls > >> > >>The following notes are what I originally wrote to one person, now modified > >>for a broader audience. This describes the spreadsheet and how I generate > >>it. > >> > >>The spreadsheet is a compilation of CANSLIM data on various stocks. I get > >>the rankings from IBD and enter them manually. I enter 10/8/6/3/0 for > >>rankings of A-E. The Quant formulas are an attempt to combine all of the > >>rankings into a single ranking that will highlight the strongest stocks. > >> > >>I don't (generally) post my spreadsheet publicly. It is generally a work > >>in progress, and I also have a bunch of other worksheets included like my > >>CANSLIM performance, other investments, etc. I went ahead and deleted the > >>rest of the worksheets so you guys could get a copy and see what I'm doing. > >> I update the worksheet on most weekends, and try to make sure all of the > >>data is no more than one month old. This last weekend, I updated all of > >>the EPS/RPS/SMR/Acc numbers since it's earnings season. > >> > >>The file I've uploaded is in a different order than the original list. > >>After I generate the list, I do my own technical scan of each of the > >>stocks. The "Technical Chart Status" column is my notes as of this last > >>weekend. Then I re-sort the top 100 to put the longest bases on top, > >>recent breakouts next, shorter bases in the middle, and stocks without > >>bases at the bottom. This gives me a watch list for the week. I have > >>bolded some stocks. These are stocks that are closest to breakouts and > >>warrant closer watching. I try to review these several times during the > >>day. (Note that some stocks show well on the list, but I really don't care > >>for the chart or something else about the stock. SMTC is an example of one > >>that I probably won't buy.) > >> > >>Note that I have 2 quant formulas I'm evaluating. Both formulas combine > >>EPS, RPS, SPR, Acc/Dist, and Sponsorship rankings. The formula called "Old > >>Quant" also gives credit for IGP rank (#1 gets more points than #2), while > >>the new one "New Quant" doesn't. I'm leaning towards sticking with the new > >>formula, but only using the top 20 industry groups. > >> > >>Trying to keep this somewhat up-to-date has been quite a challenge. I'm > >>probably going to subscribe to DGO hoping I can accomplish this without > >>much or all of the work, sometime in the near future. I'm also very > >>interested in what on-line screening tools IBD is adding to their website. > >>I may wait on DGO until it becomes clear what capabilities they are really > >>going to offer (in "early" summer). > >> > >>Enjoy. > >> > >> > >> > >>- > >> > > > >________________________________________________________________________ > >Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com > > > > > >- > > > > > > > >- > > > > > > > > > - > - - ------------------------------ Date: Fri, 5 May 2000 18:50:07 +0300 From: "Tom Gumpel" Subject: Re: [CANSLIM] OFF TOPIC(BigEasy) Walter! a) thanks a lot for the pointer, it looks very good and free; b) why the greeting to "Hi Men"???? a supposition that women are too smart to waste their time losing money? Tom - ----- Original Message ----- From: "walter nusbaum" To: Sent: Thursday, May 04, 2000 11:58 PM Subject: [CANSLIM] OFF TOPIC(BigEasy) > Hi men, > I ran across a site that some may find useful. It provides a plethora of > indicators on some 20,000 stocks including up(green) and down(red) volume, > the last five quarters of earnings, screening using both bull and bear > indicators(your choice), etc. > > I have only scratched the surface, but I set up "QQQ"(mimics the NAS 100), > and the distribution days that I missed on the NASDAQ in the IBD were > painfully obvious.(Hindsight and all that of course). > > This program graphs in bar, line, and .candlestick. > A really neat feature(using L/R buttons) allows you to step the graph > backward and forward, so that you can watch the graph unfold on a daily > basis. > > Anyway, the program is free with free daily data downloads: > http://www.bigeasyinvestor,com > Best wishes, > Walt > > > > > > - > - - ------------------------------ End of canslim-digest V2 #892 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. 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