From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1028 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 Wednesday, October 18 2000 Volume 02 : Number 1028 In this issue: RE: [CANSLIM] Watch lists etc. RE: [CANSLIM] Watch lists etc. Re: [CANSLIM] Industry Group and Ticker Symbol Index RE: [CANSLIM] Watch lists etc. Re: [CANSLIM] Watch lists etc. [CANSLIM] New Lows [CANSLIM] for Kent Norman RE: [CANSLIM] Watch lists etc. [CANSLIM] Acc/Dis numbers RE: [CANSLIM] Watch lists etc. [CANSLIM] Getting close to bottom? Put/Call ratio Re: [CANSLIM] Getting close to bottom? Put/Call ratio Re: [CANSLIM] Getting close to bottom? Put/Call ratio Re: [CANSLIM] Getting close to bottom? Put/Call ratio RE: [CANSLIM] Getting close to bottom? Put/Call ratio Re: [CANSLIM] Getting close to bottom? Put/Call ratio ---------------------------------------------------------------------- Date: Wed, 18 Oct 2000 08:17:37 +0700 From: "Peter Christiansen" Subject: RE: [CANSLIM] Watch lists etc. I guess I have a more stringent selection criteria than most. The vast majority of stocks in Tim Fisher's list had some characteristic that would prevent me from considering them. Many are very thin, wide and loose bases, no handles, or lackluster quarterly earnings. The one stock on his list that is on my watch list is DGX. The stocks on my watch list must have the following characteristics... A nice chart (subjective, I know) Price >12.00 Trading above 50 & 200 day moving averages Quotes Plus RS ranking >86 A rising RS line Last quarter earnings up >25% Previous quarter earnings up >20% I don't look at EPS rankings Will consider a stock with no earnings if last two quarters revenues up >75% Last two quarters revenues up >5% 50 day average daily volume >20000 Stock should not have a history of missing earnings estimates IBD industry group ranking of C or better OBV line trending up (IBD A/D rankings could also be used) That said, my current watch list consists of the following... AMSGA CHCS CVTY DGX IMG IVX LH NAT NTEC WCNX Peter - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Tuesday, October 17, 2000 3:34 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Watch lists etc. Contrary to some opinions, I see plenty of quality stocks that have set in bases and are ready to breakout. Not many of them are techs. So what? When I joined this list 3 years ago there was scant talk about techs except the biggies i.e. INTC & MSFT. We were discussing oils, financials, insurance, all the groups now set to lead the next leg up. Even if it is a bear market rally (which I do not believe) coming up, CANSLIM can be used to trade it. There were a few bona fide breakouts today on volume; I bot one such, PENG. WLP is continuing its advance on vol, and PDII is doing great for someone with the guts to stay in after the volatility of last week. There are at least 10 more in the following list that have put in bases and are floating within a few percent of their highs. - - ------------------------------ Date: Tue, 17 Oct 2000 21:56:43 -0600 From: Earl Setser Subject: RE: [CANSLIM] Watch lists etc. I'm curious why you look at earnings growth, but not EPS rankings. A few of your candidates don't make the grade on EPS rank, FWIW. I've gone the other direction and mostly use JUST EPS with a quick look at the earnings numbers. I guess I'm willing to trust IBDs EPS rank as an overall indicator that a company is in the top quarter (75 or better) of all companies in growth. At 08:17 AM 10/18/00 +0700, you wrote: >I guess I have a more stringent selection criteria than most. The vast >majority of stocks in Tim Fisher's list had some characteristic that would >prevent me from considering them. Many are very thin, wide and loose bases, >no handles, or lackluster quarterly earnings. The one stock on his list >that is on my watch list is DGX. > >The stocks on my watch list must have the following characteristics... > >A nice chart (subjective, I know) >Price >12.00 >Trading above 50 & 200 day moving averages >Quotes Plus RS ranking >86 >A rising RS line >Last quarter earnings up >25% >Previous quarter earnings up >20% >I don't look at EPS rankings >Will consider a stock with no earnings if last two quarters revenues up >75% >Last two quarters revenues up >5% >50 day average daily volume >20000 >Stock should not have a history of missing earnings estimates >IBD industry group ranking of C or better >OBV line trending up (IBD A/D rankings could also be used) > >That said, my current watch list consists of the following... > >AMSGA >CHCS >CVTY >DGX >IMG >IVX >LH >NAT >NTEC >WCNX > >Peter > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher >Sent: Tuesday, October 17, 2000 3:34 AM >To: canslim@lists.xmission.com >Subject: [CANSLIM] Watch lists etc. > >Contrary to some opinions, I see plenty of quality stocks that have set in >bases and are ready to breakout. Not many of them are techs. So what? When >I joined this list 3 years ago there was scant talk about techs except the >biggies i.e. INTC & MSFT. We were discussing oils, financials, insurance, >all the groups now set to lead the next leg up. Even if it is a bear market >rally (which I do not believe) coming up, CANSLIM can be used to trade it. > >There were a few bona fide breakouts today on volume; I bot one such, PENG. >WLP is continuing its advance on vol, and PDII is doing great for someone >with the guts to stay in after the volatility of last week. There are at >least 10 more in the following list that have put in bases and are floating >within a few percent of their highs. > > > >- > > > - - ------------------------------ Date: Wed, 18 Oct 2000 00:00:30 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Industry Group and Ticker Symbol Index Unfortunately, it's not available, but I think I will complain about that, and maybe in the future? Other DGO users take note, if enough ask for it, they may provide, they've been responsive to stuff like this. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Harvey Brion To: Sent: Tuesday, October 17, 2000 3:38 PM Subject: Re: [CANSLIM] Industry Group and Ticker Symbol Index I think it's published twice a year and IBD usually runs ads in the paper when a new one comes out. Does anyone who subscribes to DGO know if this information (list of stocks within an industry group) is available from DGO... maybe among the "reports" that I've heard about? Thanks, Harvey > Date: Sun, 15 Oct 2000 22:00:02 -0600 > From: Earl Setser > Subject: Re: [CANSLIM] Industry Group and Ticker Symbol Index > > I have it. I don't know exactly when or how often it gets published, but I > think it's either quarterly or semi-annually. Mine says Jan 2000, so maybe > it will be out this month? I'm sure you can call or email IBD and find out > when it will next be available (if it's not now). > > I find it useful in concert with the paper and/or IBD website for > researching specific industry groups. If a group comes up that I don't > have many candidates from (in my database), I can grab the book and do a > quick paper/web scan for potential candidates (I use 75 EPS and 80 RPS as > my general minimums to get onto the list.) > > I don't know of any other way to get the IBD group definitions. You can > get the top 5 RS stocks from any group (if you know one stock in it) with > DGO, but I would rather have the top 5 for EPS + RPS sum. I've also > noticed some groups (Computer Softwr-Enterprise and > Electrical-Semiconductor Mfg) have many, many potential CANSLIM buys, so > even the top 5 wouldn't be all I would want to see. > > I've also noticed that IBD seems to move the stocks around quite a bit. It > seems to be more noticable in the Tech groups where lines are often > blurring anyway. But I've noticed several stocks have changed groups since > I bought the book. A quick estimate says maybe 2% or so of the stocks > change groups each issue. > > At 04:11 PM 10/15/00 -0700, you wrote: > >Does anyone know when this is published? Has anyone ever bought this or know > >of a way to get the ticker symbols for the groups listed in the Daily > >Industry Prices? > > > >Thanks in Advance! - - - - ------------------------------ Date: Wed, 18 Oct 2000 11:13:42 +0700 From: "Peter Christiansen" Subject: RE: [CANSLIM] Watch lists etc. The reason I don't look at EPS rankings is because I love turn arounds. Many of my biggest winners have been stocks that are just becoming profitable or are turning around after an unprofitable period. If a company can put in two strongly profitable quarters after being unprofitable for a period of time, something is changing. Often times these stocks will have low EPS rankings, as it is a lagging indicator. Though he doesn't talk much about it in the book, WON placed a lot of emphasis on turn around situations in his investment seminar. I should have mentioned that if the stock doesn't have a profitability record, I want to see two very strong quarters of earnings. Peter - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Earl Setser Sent: Wednesday, October 18, 2000 10:57 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Watch lists etc. I'm curious why you look at earnings growth, but not EPS rankings. A few of your candidates don't make the grade on EPS rank, FWIW. I've gone the other direction and mostly use JUST EPS with a quick look at the earnings numbers. I guess I'm willing to trust IBDs EPS rank as an overall indicator that a company is in the top quarter (75 or better) of all companies in growth. At 08:17 AM 10/18/00 +0700, you wrote: >I guess I have a more stringent selection criteria than most. The vast >majority of stocks in Tim Fisher's list had some characteristic that would >prevent me from considering them. Many are very thin, wide and loose bases, >no handles, or lackluster quarterly earnings. The one stock on his list >that is on my watch list is DGX. > >The stocks on my watch list must have the following characteristics... > >A nice chart (subjective, I know) >Price >12.00 >Trading above 50 & 200 day moving averages >Quotes Plus RS ranking >86 >A rising RS line >Last quarter earnings up >25% >Previous quarter earnings up >20% >I don't look at EPS rankings >Will consider a stock with no earnings if last two quarters revenues up >75% >Last two quarters revenues up >5% >50 day average daily volume >20000 >Stock should not have a history of missing earnings estimates >IBD industry group ranking of C or better >OBV line trending up (IBD A/D rankings could also be used) > >That said, my current watch list consists of the following... > >AMSGA >CHCS >CVTY >DGX >IMG >IVX >LH >NAT >NTEC >WCNX > >Peter > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher >Sent: Tuesday, October 17, 2000 3:34 AM >To: canslim@lists.xmission.com >Subject: [CANSLIM] Watch lists etc. > >Contrary to some opinions, I see plenty of quality stocks that have set in >bases and are ready to breakout. Not many of them are techs. So what? When >I joined this list 3 years ago there was scant talk about techs except the >biggies i.e. INTC & MSFT. We were discussing oils, financials, insurance, >all the groups now set to lead the next leg up. Even if it is a bear market >rally (which I do not believe) coming up, CANSLIM can be used to trade it. > >There were a few bona fide breakouts today on volume; I bot one such, PENG. >WLP is continuing its advance on vol, and PDII is doing great for someone >with the guts to stay in after the volatility of last week. There are at >least 10 more in the following list that have put in bases and are floating >within a few percent of their highs. > > > >- > > > - - - - ------------------------------ Date: Tue, 17 Oct 2000 22:21:30 -0600 From: Earl Setser Subject: Re: [CANSLIM] Watch lists etc. Tim, thanks for the list. At this juncture, it only makes sense to be preparing lists of candidate and getting ready to sample if we get an FT day. I used your list at a quick check for my data base, and I found a few stocks I had not previously found to add to my lists. I'm really in hold mode until the FT day, but if we get one, I'll try to throw my top 100 list up right after that. In the meantime, I try to keep the database relatively up-to-date, but I don't really do a sort until I'm in the buy mode. At 01:34 PM 10/16/00 -0700, you wrote: >Contrary to some opinions, I see plenty of quality stocks that have set in >bases and are ready to breakout. Not many of them are techs. So what? When >I joined this list 3 years ago there was scant talk about techs except the >biggies i.e. INTC & MSFT. We were discussing oils, financials, insurance, >all the groups now set to lead the next leg up. Even if it is a bear market >rally (which I do not believe) coming up, CANSLIM can be used to trade it. > >There were a few bona fide breakouts today on volume; I bot one such, PENG. >WLP is continuing its advance on vol, and PDII is doing great for someone >with the guts to stay in after the volatility of last week. There are at >least 10 more in the following list that have put in bases and are floating >within a few percent of their highs. > - - ------------------------------ Date: Wed, 18 Oct 2000 02:28:50 -0400 From: "Tom Worley" Subject: [CANSLIM] New Lows Well, Japan did it tonight, down over 467 points to crack the 15,000 barrier solidly in the wrong direction. A new 20+ month low. Tom Worley stkguru@netside.net ICQ # 5568838 - - ------------------------------ Date: Wed, 18 Oct 2000 08:41:31 -0400 From: "Tom Worley" Subject: [CANSLIM] for Kent Norman Hi Kent, Tried to answer your private email, but your address is blocked. Tom Worley stkguru@netside.net ICQ # 5568838 - - ------------------------------ Date: 18 Oct 2000 05:48:04 -0700 From: "Tim Fisher" Subject: RE: [CANSLIM] Watch lists etc. It's a wide-and-loose watch list for a reason. It's about all I look at for individual stocks throughout the week and the total list gives a good indicator of where high growth stocks are going for the day/week. I don't necessarily look for WON-style bases, but the numbers have to be great and the chart has to be relatively calm. That said, anything with a C industry group rank would be screened off my list (GRS>80). Some you mention below are not on the list because I already own them ;} Some are not there because of extreme volatility (i.e. CHCS' cup was from 20 at the top to 8 at the bottom!) Others didn't pass the A/D test (i.e. DGX has a C-). At 08:17 AM 10/18/00 +0700, you wrote: >I guess I have a more stringent selection criteria than most. The vast >majority of stocks in Tim Fisher's list had some characteristic that would >prevent me from considering them. Many are very thin, wide and loose bases, >no handles, or lackluster quarterly earnings. The one stock on his list >that is on my watch list is DGX. > >The stocks on my watch list must have the following characteristics... > >A nice chart (subjective, I know) >Price >12.00 >Trading above 50 & 200 day moving averages >Quotes Plus RS ranking >86 >A rising RS line >Last quarter earnings up >25% >Previous quarter earnings up >20% >I don't look at EPS rankings >Will consider a stock with no earnings if last two quarters revenues up >75% >Last two quarters revenues up >5% >50 day average daily volume >20000 >Stock should not have a history of missing earnings estimates >IBD industry group ranking of C or better >OBV line trending up (IBD A/D rankings could also be used) > >That said, my current watch list consists of the following... > >AMSGA >CHCS >CVTY >DGX >IMG >IVX >LH >NAT >NTEC >WCNX > >Peter > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher >Sent: Tuesday, October 17, 2000 3:34 AM >To: canslim@lists.xmission.com >Subject: [CANSLIM] Watch lists etc. > >Contrary to some opinions, I see plenty of quality stocks that have set in >bases and are ready to breakout. Not many of them are techs. So what? When >I joined this list 3 years ago there was scant talk about techs except the >biggies i.e. INTC & MSFT. We were discussing oils, financials, insurance, >all the groups now set to lead the next leg up. Even if it is a bear market >rally (which I do not believe) coming up, CANSLIM can be used to trade it. > >There were a few bona fide breakouts today on volume; I bot one such, PENG. >WLP is continuing its advance on vol, and PDII is doing great for someone >with the guts to stay in after the volatility of last week. There are at >least 10 more in the following list that have put in bases and are floating >within a few percent of their highs. > > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Mon, 16 Oct 2000 20:27:55 -0400 From: Robert Subject: [CANSLIM] Acc/Dis numbers - ------ =_NextPart_000_01C037AF.910062E0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Here are the latest Acc/Dis numbers. spread sheet version: Date,A,B,C,D,E,AB/A:E,%E 10/6/00,961,2447,1306,1061,522,54%,8% 10/9/00,935,2451,1265,1084,548,54%,9% 10/10/00,841,2376,1275,1158,608,51%,10% 10/11/00,930,2317,1289,1196,610,51%,10% 10/12/00,788,2274,1301,1192,654,49%,11% 10/13/00,728,2184,1274,1238,743,47%,12% 10/16/00,646,2048,1283,1326,821,44%,13% This would appear to be a very sick market using this measure of market health. Actually I think these are the worst numbers I have seen since I started doing this post. Robert - ------ =_NextPart_000_01C037AF.910062E0-- __________________________________________________ Do You Yahoo!? Talk to your friends online with Yahoo! Messenger. http://im.yahoo.com - - ------------------------------ Date: Tue, 17 Oct 2000 11:32:46 +0700 From: "Peter Christiansen" Subject: RE: [CANSLIM] Watch lists etc. I guess I have a more stringent selection criteria than most. The vast majority of stocks in Tim Fisher's list had some characteristic that would prevent me from considering them. Many are very thin, wide and loose bases, no handles, or lackluster quarterly earnings. The one stock on his list that is on my watch list is DGX. The stocks on my watch list must have the following characteristics... A nice chart (subjective, I know) Price >12.00 Trading above 50 & 200 day moving averages Quotes Plus RS ranking >86 A rising RS line Last quarter earnings up >25% Previous quarter earnings up >20% I don't look at EPS rankings Will consider a stock with no earnings if last two quarters revenues up >75% Last two quarters revenues up >5% 50 day average daily volume >20000 Stock should not have a history of missing earnings estimates IBD industry group ranking of C or better OBV line trending up (IBD A/D rankings could also be used) That said, my current watch list consists of the following... AMSGA CHCS CVTY DGX IMG IVX LH NAT NTEC WCNX Peter - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Tuesday, October 17, 2000 3:34 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Watch lists etc. Contrary to some opinions, I see plenty of quality stocks that have set in bases and are ready to breakout. Not many of them are techs. So what? When I joined this list 3 years ago there was scant talk about techs except the biggies i.e. INTC & MSFT. We were discussing oils, financials, insurance, all the groups now set to lead the next leg up. Even if it is a bear market rally (which I do not believe) coming up, CANSLIM can be used to trade it. There were a few bona fide breakouts today on volume; I bot one such, PENG. WLP is continuing its advance on vol, and PDII is doing great for someone with the guts to stay in after the volatility of last week. There are at least 10 more in the following list that have put in bases and are floating within a few percent of their highs. My current HGS watch list is chock full of nifty candidates: Stock E R G A/D SMR Growth Curr Earn Prev Earn Group PDII 98 99 99 A A 56 169 59 MEDDEN_SERV DGX 98 98 99 C B 63 58 62 MEDDEN_SERV IMPH 97 99 99 A B 45 36 64 MEDDEN_SERV ADVP 97 97 99 A A 68 32 60 MEDDEN_SERV AMRI 97 97 99 A A 156 52 53 MEDDEN_SERV CPN 99 96 98 B A 53 131 180 ENER_OTH RHB 97 98 98 A A 29 35 54 MED_OUTPAT PHCC 99 94 97 B A 63 43 68 MED_WDRUG ITWO 98 99 92 B A 52 233 800 COMPS_ENT NRG 96 95 98 B A 25 999 700 ENER_OTH MERQ 99 97 92 B A 54 75 83 COMPS_ENT NTAP 99 99 90 B A 79 125 133 COMP_MEM LAB 99 97 91 B A 328 325 999 FIN_BROKERS SEBL 98 97 92 C A 110 82 67 COMPS_ENT PENG 93 97 96 B A 14 170 182 O&G_USEXPL SCOR 95 94 97 B B 51 34 44 MED_WDRUG SHFL 97 95 94 B A 44 42 81 LEIS_GAMES BVF 96 94 94 A A 82 48 27 MED_ETH AES 95 90 98 C A 23 39 999 ENER_OTH CHP 97 96 89 C A 25 81 64 ELEC_MISC EMC 98 94 90 C A 37 46 50 COMP_MEM EVG 95 91 96 A A 25 100 140 O&G_USEXPL USPH 91 93 98 A A 17 53 46 MED_OUTPAT BRCD 84 98 99 B B NA 999 999 COMP_LANS MME 97 93 91 B C 60 73 57 MED_HMO MTH 98 95 88 A A 134 100 116 BUILD_RES AAS 86 97 97 A B 17 21 21 MED_WDRUG KP 87 97 96 A A 8 617 580 O&G_USEXPL ULCM 89 99 92 B - 9 300 200 COMPS_ENT WAT 96 95 89 B A 36 28 29 ELEC_MEASURE EDMC 93 96 90 A A 64 25 20 COMM_SCHOOL PENN 93 92 94 A B 14 135 999 LEIS_GAMES SLOT 90 95 94 A A 37 29 13 LEIS_GAMES TGH 95 93 91 C C 39 63 63 MED_HMO ELNT 91 99 88 B A 15 243 200 ELEC_SEMIMFG ADBE 92 93 92 B A 16 52 49 COMPS_ENT IFIN 97 98 82 B A 31 44 41 FIN_MISC NOC 94 91 92 A C 30 40 65 AERO_DEF NVR 99 90 88 B A 71 49 50 BUILD_RES TA 95 90 91 B B 32 25 173 FIN_BROKERS AZA 87 94 94 B A 19 33 7 MED_ETH ELN 93 88 94 B A 22 24 31 MED_ETH AVZ 96 94 84 B A 19 78 100 FIN_INVMGMT BLK 95 95 84 A A 86 28 30 FIN_INVMGMT DVN 88 90 96 B A NA 203 458 O&G_USEXPL CDIS 93 93 87 B A 38 28 43 O&F_FIELD FLEX 99 85 89 C A 94 95 50 ELEC_MISC SUNW 98 90 85 C A 31 63 44 COMP_MINIS APA 87 89 96 C A 9 325 999 O&G_USEXPL CI 95 86 91 B C 55 41 43 MED_HMO LLTC 95 89 88 B A 20 59 44 ELEC_SEMIMFG SPF 91 93 88 A A 91 28 4 BUILD_RES TARO 91 86 95 B B 21 38 75 MED_GEN CEFT 99 90 82 B A 47 40 50 FIN_MISC MXIM 95 87 88 B A 29 53 53 ELEC_SEMIMFG PHM 92 90 88 B A 42 35 6 BUILD_RES FII 96 89 84 B A 94 30 43 FIN_INVMGMT MFC 92 91 86 B B 23 24 21 INS_MISC THX 93 80 96 B A 18 167 999 O&G_USEXPL TOL 92 88 88 C A 20 25 27 BUILD_RES WBB 90 90 88 A A 15 31 30 BUILD_RES CECO 80 97 90 B B NA 189 110 COMM_SCHOOL COF 95 90 82 C A 28 32 31 FIN_MISC LEN 87 92 88 B A 31 25 2 BUILD_RES WGOV 87 95 85 A C 25 31 9 ELEC_CONTROL WLP 89 87 91 B B 15 26 18 MED_HMO IGT 83 89 94 B B 16 31 6 LEIS_GAMES XLNX 94 84 88 C A 18 80 69 ELEC_SEMIMFG BFAM 87 88 90 C B 21 25 27 COMM_SCHOOL BRO 90 93 81 A A 15 25 25 INS_BROKER MER 91 82 91 C A 19 28 65 FIN_BROKERS PMI 92 89 83 B A 16 33 39 INS_PROP DDIC 84 94 85 C - NA 999 367 ELEC_CONTROL GBL 91 88 84 B A 16 23 52 FIN_INVMGMT SUPX 81 94 88 B A -4 167 309 ELEC_SEMIMFG ABK 90 89 83 A A 18 26 18 INS_PROP KRB 95 85 82 B A 28 26 26 FIN_MISC RDN 96 82 83 B A 23 38 49 INS_PROP SRDX 83 98 80 B A 173 25 -21 MED_INST BELFA 83 90 86 B A 35 36 -15 ELEC_MCOMP BMET 88 88 80 A A 16 17 22 MED_INST HP 91 85 80 B C 19 54 80 O&G_DRILL MTG 93 80 83 B A 24 23 26 INS_PROP NE 85 91 80 C C 35 52 0 O&G_DRILL SJT 90 83 83 B - 16 40 92 O&G_USROYAL AFL 89 85 81 B B 15 26 21 INS_HEALTH AIG 85 84 83 B A 15 14 16 INS_PROP BEN 87 80 84 B B 16 18 27 FIN_INVMGMT MMC 87 83 81 B A 17 17 16 INS_BROKER Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - - ------------------------------ Date: Wed, 18 Oct 2000 15:12:05 -0700 From: Eric Shen Subject: [CANSLIM] Getting close to bottom? Put/Call ratio Today's put/call ratio was 1.01 according to CBOE http://www.cboe.com/tools/statistics/summeriz.asp?Dy=18&Mo=10&Yr=2000 But still don't hear screaming in the street. There was panic this morning when Dow dropped 400+ and Nasdaq almost hit 3000. Time to start looking for some good breakouts? The CPI numbers still have me a bit worried. Eric - -- Eric Shen MS LOC3-8 Intel Corporation email: eshen@level1.com 9750 Goethe Road Tel: (916) 855 5177 x4497 Sacramento, CA 95827 - - ------------------------------ Date: Wed, 18 Oct 2000 15:42:08 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Getting close to bottom? Put/Call ratio It still did not feel like major league panic to me. The indices recovered too quickly. The A/D numbers are abysmal. We still don't have a f/t day, and the last f/t day was a false signal. Is it just me, or does anyone else think the f/t day signal itself is becoming less reliable? We seem to get 1% up days in many indices within the window and they are not good signals these days. Seems to me the volatility of today's market calls for a 1.5-2% up day on better than average volume (vs better than the day before) for a good signal. Anyone care to test that? On 03:12 PM 10/18/00, Eric Shen Said: >Today's put/call ratio was 1.01 according to CBOE >http://www.cboe.com/tools/statistics/summeriz.asp?Dy=18&Mo=10&Yr=2000 > >But still don't hear screaming in the street. There was panic this >morning when Dow dropped 400+ and Nasdaq almost hit 3000. > >Time to start looking for some good breakouts? > >The CPI numbers still have me a bit worried. > >Eric > > >-- >Eric Shen MS LOC3-8 Intel Corporation >email: eshen@level1.com 9750 Goethe Road >Tel: (916) 855 5177 x4497 Sacramento, CA 95827 > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Wed, 18 Oct 2000 16:42:27 -0700 From: Eric Shen Subject: Re: [CANSLIM] Getting close to bottom? Put/Call ratio I thought that the follow-through was the 4th trading session after the initial rise. I haven't seen a rise the 4th trading day after a "dead-cat bounce" day. Tim Fisher wrote: > > It still did not feel like major league panic to me. The indices recovered > too quickly. The A/D numbers are abysmal. We still don't have a f/t day, > and the last f/t day was a false signal. Is it just me, or does anyone else > think the f/t day signal itself is becoming less reliable? We seem to get > 1% up days in many indices within the window and they are not good signals > these days. Seems to me the volatility of today's market calls for a 1.5-2% > up day on better than average volume (vs better than the day before) for a > good signal. Anyone care to test that? > > On 03:12 PM 10/18/00, Eric Shen Said: > > >Today's put/call ratio was 1.01 according to CBOE > >http://www.cboe.com/tools/statistics/summeriz.asp?Dy=18&Mo=10&Yr=2000 > > > >But still don't hear screaming in the street. There was panic this > >morning when Dow dropped 400+ and Nasdaq almost hit 3000. > > > >Time to start looking for some good breakouts? > > > >The CPI numbers still have me a bit worried. > > > >Eric > > > > > >-- > >Eric Shen MS LOC3-8 Intel Corporation > >email: eshen@level1.com 9750 Goethe Road > >Tel: (916) 855 5177 x4497 Sacramento, CA 95827 > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > - - -- Eric Shen MS LOC3-8 Intel Corporation email: eshen@level1.com 9750 Goethe Road Tel: (916) 855 5177 x4497 Sacramento, CA 95827 - - ------------------------------ Date: Wed, 18 Oct 2000 16:53:12 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Getting close to bottom? Put/Call ratio You watch during the 3-10 (or is it 4-10? I can never remember) trading days following the day the intraday low was made to mark a bottom. The NAZ's intraday low was today, so Monday or Tuesday is the first day a f/t could take place. The DJIA put in a fresh intraday low today also. On 04:42 PM 10/18/00, Eric Shen Said: >I thought that the follow-through was the 4th trading session after >the initial rise. I haven't seen a rise the 4th trading day after >a "dead-cat bounce" day. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Wed, 18 Oct 2000 20:29:44 -0400 From: "David Squires" Subject: RE: [CANSLIM] Getting close to bottom? Put/Call ratio Hi All, Tim, I was doing a little "fading" of the selloff this morning and believe me....about the time IBM opened there was a lot of panic on the tape. I think we had enough panic this morning for a potential bottom. However, you didn't have the other ingredient...late day buying demand. This, I believe, has been the problem since we started to selloff. Until, the big money starts chasing offers rather than bidding for stocks we may remain in this grind. The last hour used to be a bonanza for traders now it's like lunchtime chop. As for your suggested follow through adjustments, I am all for it. Maybe a volatility adjusted follow through signal is needed. However, I focus on the setups first and the signal second. This has served me well in the past 5 months keeping me largely out of the market. As for the M...sentiment is basically there. Seasonality will soon be on our side. We are over, over oversold. The tape is lacking. Until the people with the big money start hitting the offers or we washout near the end of the day I go home flat. Of course, the next data point may change my mind entirely! Good Trading, DSquires > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher > Sent: Wednesday, October 18, 2000 6:42 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Getting close to bottom? Put/Call ratio > > > It still did not feel like major league panic to me. The indices > recovered > too quickly. The A/D numbers are abysmal. We still don't have a f/t day, > and the last f/t day was a false signal. Is it just me, or does > anyone else > think the f/t day signal itself is becoming less reliable? We seem to get > 1% up days in many indices within the window and they are not > good signals > these days. Seems to me the volatility of today's market calls > for a 1.5-2% > up day on better than average volume (vs better than the day > before) for a > good signal. Anyone care to test that? > > On 03:12 PM 10/18/00, Eric Shen Said: > > >Today's put/call ratio was 1.01 according to CBOE > >http://www.cboe.com/tools/statistics/summeriz.asp?Dy=18&Mo=10&Yr=2000 > > > >But still don't hear screaming in the street. There was panic this > >morning when Dow dropped 400+ and Nasdaq almost hit 3000. > > > >Time to start looking for some good breakouts? > > > >The CPI numbers still have me a bit worried. > > > >Eric > > > > > >-- > >Eric Shen MS LOC3-8 Intel Corporation > >email: eshen@level1.com 9750 Goethe Road > >Tel: (916) 855 5177 x4497 Sacramento, CA 95827 > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > > - > - - ------------------------------ Date: Wed, 18 Oct 2000 21:26:46 -0600 From: Earl Setser Subject: Re: [CANSLIM] Getting close to bottom? Put/Call ratio I look at the FT day a little differently. I don't think it's anything magical, but rather more of a Rally Confidence Test. If a rally can't show a strong move up on good volume 4 days + into the rally, then what are the real odds it will survive? I agree that these days the volatility seems such (talking NAS in particular) that a higher % gain might make more sense. Remember that WON looked for a "Significant" increase in volume, so I think you can certainly discount any day below ADV. But given the last couple of days, I guess I'm willing to go with 1% and a good volume jump, BUT I want to see a trend of leading stocks breaking out. In other words, I'm not interested in grabbing the first N stocks I see, but I prefer to "tip-toe" back into the market. Maybe buy one or two positions the first day, watch for other stocks moving, pick up another position or two, wait a couple of days, get REAL picky on which B/Os I want, etc. I think this gives you less exposure to failed days, and it's nice to get a little cusion on the first few positions before rolling the dice with more cash. At 03:42 PM 10/18/00 -0700, you wrote: >It still did not feel like major league panic to me. The indices recovered >too quickly. The A/D numbers are abysmal. We still don't have a f/t day, >and the last f/t day was a false signal. Is it just me, or does anyone else >think the f/t day signal itself is becoming less reliable? We seem to get >1% up days in many indices within the window and they are not good signals >these days. Seems to me the volatility of today's market calls for a 1.5-2% >up day on better than average volume (vs better than the day before) for a >good signal. Anyone care to test that? > >On 03:12 PM 10/18/00, Eric Shen Said: > >>Today's put/call ratio was 1.01 according to CBOE >>http://www.cboe.com/tools/statistics/summeriz.asp?Dy=18&Mo=10&Yr=2000 >> >>But still don't hear screaming in the street. There was panic this >>morning when Dow dropped 400+ and Nasdaq almost hit 3000. >> >>Time to start looking for some good breakouts? >> >>The CPI numbers still have me a bit worried. >> >>Eric >> >> >>-- >>Eric Shen MS LOC3-8 Intel Corporation >>email: eshen@level1.com 9750 Goethe Road >>Tel: (916) 855 5177 x4497 Sacramento, CA 95827 >> >>- > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > - - ------------------------------ End of canslim-digest V2 #1028 ****************************** 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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