From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1181 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 Tuesday, March 6 2001 Volume 02 : Number 1181 In this issue: STOCK INVESTORS 1594 Re: [CANSLIM] Late IBD Re: [CANSLIM] importing from qp2 into excel [CANSLIM] Where all the money has gone? [CANSLIM] Too bullish? Re: [CANSLIM] Too bullish? Re: [CANSLIM] Medical/Dental/Svcs + AIQ Re: [CANSLIM] EASI Re: [CANSLIM] LNCR Re: [CANSLIM] Where's has all the money gone? Re: [CANSLIM] Clearstation [CANSLIM] Question on follow-through days? Re: [CANSLIM] Question on follow-through days? Re: [CANSLIM] Too bullish? ---------------------------------------------------------------------- Date: Thu, 20 Jul 2000 13:20:04 -0700 From: gorgtr1768@ematic.com Subject: STOCK INVESTORS 1594 STOCK INVESTORS


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------------------------------ Date: Mon, 5 Mar 2001 21:58:35 -0800 (PST) From: Maninder Subject: Re: [CANSLIM] Late IBD - --0-1992850467-983858315=:22932 Content-Type: text/plain; charset=us-ascii I wonder why entire contents of IBD are not published online, so that we can screen stocks as per one's strategy, such as CANSLIM. They can offer online version exclusively to the print subscribers, and wont have fear of losing subscribers. That way ALL their subscribers have the same timely access. I asked the customer service several times, and they always give vague answers. Clearly, this goes against some business strategy they have, which I am not able to understand. Are there some ways one can screen IBD data without doing it manually, with eye ? (short of buying DGO). Maninder - --- Spencer48@aol.com wrote: > curry2@clnk.com writes: > > << In the 9 months I have subscribed I have never had even one week where all > my IBD issues arrived on time - --------------------------------- Do You Yahoo!? Yahoo! Mail Personal Address - Get email at your own domain with Yahoo! Mail. - --0-1992850467-983858315=:22932 Content-Type: text/html; charset=us-ascii I wonder why entire contents of IBD are not published online, so that we can screen stocks as per one's strategy, such as CANSLIM. They can offer online version exclusively to the print subscribers, and wont have fear of losing subscribers. That way ALL their subscribers have the same timely access. I asked the customer service several times, and they always give vague answers. Clearly, this goes against some business strategy they have, which I am not able to understand.  Are there some ways one can screen IBD data without doing it manually, with eye ?  (short of buying DGO). 

Maninder


--- Spencer48@aol.com wrote:
> curry2@clnk.com writes:
>
> << In the 9 months I have subscribed I have never had even one week where all
> my IBD issues arrived on time


Do You Yahoo!?
Yahoo! Mail Personal Address - Get email at your own domain with Yahoo! Mail. - --0-1992850467-983858315=:22932-- - - ------------------------------ Date: Tue, 6 Mar 2001 04:57:24 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] importing from qp2 into excel John, I use QP2 and would appreciate receiving a copy of your spreadsheet. I haven't downloaded data from the dll's but tend to write scans that give me the information that I want. With regard to accumulation, According to Ralph Icanmakeyoupoora, to really do accumulation, you should examine the daily trasaction by transaction accumulation. Often stocks close with big swings on small volumes and the large volume traded during the day doesn't reflect the actual distribution going on. He claims that this data gives a much more accurated prediction of return. rolatzi - --- John Adair wrote: > Hi This is a luker for a long time > I am developing a spreadsheet using the dll files in > quotes plus to down > load about 500 days of data on any stock in their > database. I import into > excel, date, open, hi, lo, close, volume, qrs,. > To this data I program the 20 day mov of volume, 50 day > mov of volume,% off > the 50 day mov of volume. > I program the accumulation/dist days based on Oneals > formula. > I then enter any stock in cell A1of excel and all the > data instantly appear. > If the volume is not up in all columns. I consider there > is not accumulation > of this stock and not worth further evaluation. Note the > accumulation and > the % off hi columns are surprising . I note accumulation > for months but the > volume will not be that much up > I think I need to rework my formula for this portion. > Btw If you haven’t tried the dll files in quotes plus to > download data into > excel you might like it. Actually any piece if data in > quotes plus may be > imported into excel at the same time. I would send a > spreadsheet but I don’t > think it would fit In the xmission . > I submit this for criticism and comment. > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/ - - ------------------------------ Date: Tue, 6 Mar 2001 08:02:03 -0500 From: "Tom Worley" Subject: [CANSLIM] Where all the money has gone? This is a multi-part message in MIME format. - ------=_NextPart_000_004D_01C0A613.BB386A80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable One thing I overlooked in my comments on this topic is the Utilities = group. This is used by institutional money managers, esp growth mutual = funds, as a safe haven in bad times. It pays a dividend, is not usually = too volatile, and generally highly liquid. When the stock market rallies, the Utilities Index usually suffers. DGO = users can find the index under the Market button. You will notice that = it took a sharp dip in January, when the markets shot up. The extent of = this dip was likely exacerbated by the problems in California, but = suggests there was a sharp swing from defensive to aggressive investing = by institutionals, IMO. I must also point out that for the past three weeks, the Utilities Index = has been flat line at the 390 level, clearly suggesting to me that = defensive funds are still parked there, and have not begun a rotation = out to growth stocks. Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_004D_01C0A613.BB386A80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
One thing I overlooked in my comments on this topic = is the=20 Utilities group.  This is used by institutional money managers, esp = growth=20 mutual funds, as a safe haven in bad times.  It pays a dividend, is = not=20 usually too volatile, and generally highly liquid.
 
When the stock market rallies, the Utilities Index = usually=20 suffers. DGO users can find the index under the Market button. You will = notice=20 that it took a sharp dip in January, when the markets shot up. The = extent of=20 this dip was likely exacerbated by the problems in California, but = suggests=20 there was a sharp swing from defensive to aggressive investing by=20 institutionals, IMO.
 
I must also point out that for the past three weeks, = the=20 Utilities Index has been flat line at the 390 level, clearly = suggesting to=20 me that defensive funds are still parked there, and have not begun a = rotation=20 out to growth stocks.

Tom Worley
stkguru@netside.net
ICQ #=20 5568838
 
 
- ------=_NextPart_000_004D_01C0A613.BB386A80-- - - ------------------------------ Date: Tue, 6 Mar 2001 09:03:59 -0500 From: "Tom Worley" Subject: [CANSLIM] Too bullish? This is a multi-part message in MIME format. - ------=_NextPart_000_005C_01C0A61C.62CEF7C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Fellow members, Those that have been in this group for a few years know that I tend = (some might say obsess) to be generally bullish (even Pollyanna). I have = a strong opinion about the economics of USA, continued growth, and = lately the future growth of tech stocks. Lately, for several months, I have been far more bearish than is usual = for me, with good reasons. For once, I have shown the discipline to sit = in some cash, and not spend it. Today, I am breaking that pattern and = beginning to roll my available cash into growth. Half the cash in my = 401K is now committed, and tonight I will start placing the 25% cash in = my IRA. I am influenced by a number of factors, most of which I have commented = on here. But I also took the time this morning to look at some major = indexes, and saw that the DOW 30 (while meaningless to CANSLIMers but = still the most visible index) has made 4 probes to the 10,300 level = since its plunge on 10/18/00. All four times it held. On the NYSE = Composite Index, it has four times tested 620, held two times and broke = thru two times, but only slightly. The deepest of these four threatened, = but did not breach, the 611.40 also set 10/18/00. Naz I don't even like = to talk about, other than to say I believe it to be severely oversold. = And, of course, my favorite the Russell 2000 while irregular has not = even threatened new lows. I also note that the RS line of all of these = compared to the S&P500 is trending up, some sharply. Big caps will = rally when market conviction is there, and I believe there are enough = early signs for me to risk some more capital. I also have been watching the futures strengthen this morning, combined = with Japan's overnight gain of well over 3%. Europe is also strong = across the board. I am not convinced that the selloffs are over, or the = lows have been reached. But I do think that stock prices have gotten = very cheap, and multiples very low, for the long term investor.=20 I am not a believer in posting on our personal trades, but as a vocal, = and sometimes influential member of this group, I owe it to you to = inform you of this change in my attitude, and investing. For once I agree with Morgan Stanley, the bad news is mostly priced in, = the economy will not collapse, and everyone has warned to such a degree = that this rally might just now be sustainable. I am taking the added = risks of entering before there is clear confirmation of my beliefs, I do = not encourage others to simply mimic my actions. Do your own homework, = make your own decisions on what is right for your, and your risk = tolerance. Best regards, and happy hunting, Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_005C_01C0A61C.62CEF7C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Fellow members,
 
Those that have been in this group for a few years = know that I=20 tend (some might say obsess) to be generally bullish (even Pollyanna). I = have a=20 strong opinion about the economics of USA, continued growth, and lately = the=20 future growth of tech stocks.
 
Lately, for several months, I have been far more = bearish than=20 is usual for me, with good reasons. For once, I have shown the = discipline to sit=20 in some cash, and not spend it. Today, I am breaking that pattern and = beginning=20 to roll my available cash into growth.  Half the cash in my 401K is = now=20 committed, and tonight I will start placing the 25% cash in my = IRA.
 
I am influenced by a number of factors, most of = which I have=20 commented on here. But I also took the time this morning to look at some = major=20 indexes, and saw that the DOW 30 (while meaningless to CANSLIMers but = still the=20 most visible index) has made 4 probes to the 10,300 level since its = plunge on=20 10/18/00. All four times it held.  On the NYSE Composite Index, it = has four=20 times tested 620, held two times and broke thru two times, but only = slightly.=20 The deepest of these four threatened, but did not breach, the 611.40 = also set=20 10/18/00. Naz I don't even like to talk about, other than to say I = believe it to=20 be severely oversold. And, of course, my favorite the Russell 2000 while = irregular has not even threatened new lows.  I also note that the = RS line=20 of all of these compared to the S&P500 is trending up, some = sharply. =20 Big caps will rally when market conviction is there, and I believe there = are=20 enough early signs for me to risk some more capital.
 
I also have been watching the futures strengthen = this morning,=20 combined with Japan's overnight gain of well over 3%. Europe is also = strong=20 across the board.  I am not convinced that the selloffs are over, = or the=20 lows have been reached. But I do think that stock prices have gotten = very cheap,=20 and multiples very low, for the long term investor.
 
I am not a believer in posting on our personal = trades, but as=20 a vocal, and sometimes influential member of this group, I owe it to you = to=20 inform you of this change in my attitude, and investing.
 
For once I agree with Morgan Stanley, the bad news = is mostly=20 priced in, the economy will not collapse, and everyone has warned to = such a=20 degree that this rally might just now be sustainable. I am taking the = added=20 risks of entering before there is clear confirmation of my beliefs, I do = not=20 encourage others to simply mimic my actions. Do your own homework, make = your own=20 decisions on what is right for your, and your risk = tolerance.
 
Best regards, and happy hunting,

Tom Worley
stkguru@netside.net
ICQ #=20 5568838
 
 
- ------=_NextPart_000_005C_01C0A61C.62CEF7C0-- - - ------------------------------ Date: 6 Mar 2001 06:18:28 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Too bullish? Tom, this article spurred me to double my mutual fund holdings in my 401k trading account this AM. I am convinced that individual investors (as a group) time the market exactly opposite to what they should be doing. I'm deviating from Vanguard (when will they join Schwab's One Source?) and defecting to Janus (specifically JAGIX). Investors beat it out of stock funds Estimated $13 billion in outflows a new record By Craig Tolliver, CBS.MarketWatch.com Last Update: 6:31 PM ET Mar 5, 2001 SANTA ROSA, Calif. (CBSMW) - Investors hotfooted it out of equity funds in record numbers last month, a trend not seen since the Asian collapse of 1998. A projected outflow of $13 billion in February would reverse a trend of continuous monthly inflows to stock funds since August 1998, Mutual Fund Trim Tabs reported Monday. The firm tracks the flow of cash in and out of ninety fund families, representing about 20 percent of all equity fund assets, and then regresses those numbers by sector to estimate total equity fund flow. U.S. stock funds leaked nearly $8 billion in assets and international funds suffered more than $5 billion in net redemptions. Bond and hybrid funds, meanwhile, attracted over $2 billion in February. The news is especially dim given the high expectations investors held for stock funds in 2000. U.S. and international equity funds averaged daily inflows of nearly $1 billion last year for a record haul of $309 billion, according to a new study just released by industry trade group The Investment Company Institute. In spite of record inflows during the year, assets tumbled $80 billion to $3.96 trillion amid declining market performance. The Nasdaq plummeted 40 percent in 2000. Standard & Poor's 500 Index and the Dow Jones Industrials dropped 10 percent and 6 percent, respectively. "Flow follows performance. The market's been going down in February big time. The average equity fund over the last 30 days is down about 12 percent. So to see an outflow over that 30 day period is not surprising," Trim Tabs President Charles Biderman told CBS.MarketWatch.com. Through the end of last week, roughly $90 billion went into a combination of savings accounts at banks, retail money funds, and small denomination CDs as individual investors sidelined their money waiting for the next upswing, Biderman said. Equity fund flows were positive in February at The Vanguard Group, the nation's second largest mutual fund company and home to the mother of all index funds, the $100 billion Vanguard 500 (VFINX: news, msgs, alerts) . Vanguard's stock funds took in $1.4 billion in February, but were still down considerably from 2000 February flows of $3.1 billion. At 09:03 AM 3/6/2001 -0500, you wrote: >Fellow members, > >Those that have been in this group for a few years know that I tend (some >might say obsess) to be generally bullish (even Pollyanna). I have a >strong opinion about the economics of USA, continued growth, and lately >the future growth of tech stocks. > >Lately, for several months, I have been far more bearish than is usual for >me, with good reasons. For once, I have shown the discipline to sit in >some cash, and not spend it. Today, I am breaking that pattern and >beginning to roll my available cash into growth. Half the cash in my 401K >is now committed, and tonight I will start placing the 25% cash in my IRA. > >I am influenced by a number of factors, most of which I have commented on >here. But I also took the time this morning to look at some major indexes, >and saw that the DOW 30 (while meaningless to CANSLIMers but still the >most visible index) has made 4 probes to the 10,300 level since its plunge >on 10/18/00. All four times it held. On the NYSE Composite Index, it has >four times tested 620, held two times and broke thru two times, but only >slightly. The deepest of these four threatened, but did not breach, the >611.40 also set 10/18/00. Naz I don't even like to talk about, other than >to say I believe it to be severely oversold. And, of course, my favorite >the Russell 2000 while irregular has not even threatened new lows. I also >note that the RS line of all of these compared to the S&P500 is trending >up, some sharply. Big caps will rally when market conviction is there, >and I believe there are enough early signs for me to risk some more capital. > >I also have been watching the futures strengthen this morning, combined >with Japan's overnight gain of well over 3%. Europe is also strong across >the board. I am not convinced that the selloffs are over, or the lows >have been reached. But I do think that stock prices have gotten very >cheap, and multiples very low, for the long term investor. > >I am not a believer in posting on our personal trades, but as a vocal, and >sometimes influential member of this group, I owe it to you to inform you >of this change in my attitude, and investing. > >For once I agree with Morgan Stanley, the bad news is mostly priced in, >the economy will not collapse, and everyone has warned to such a degree >that this rally might just now be sustainable. I am taking the added risks >of entering before there is clear confirmation of my beliefs, I do not >encourage others to simply mimic my actions. Do your own homework, make >your own decisions on what is right for your, and your risk tolerance. > >Best regards, and happy hunting, > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > 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, 05 Mar 2001 21:34:05 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Medical/Dental/Svcs + AIQ - --=====================_983864045==_ Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable At 08:46 AM 3/5/2001 -0500, you wrote:
Frank,

=A0=A0Could you tell us why you selected AIQ?

First off, I am a fanatic about Relative Strength and Groups. I believe, as Canslim teaches, that the Industry Group is responsible for a large majority of a stocks performance. However, in a Bull Market a gazillion stocks have strong relative strength. AIQ gives me the ability to not only rank them against the S&P, but against each other as groups, and against each other in the individual groups. So I not only find strong groups, I can discriminate against other strong groups and down to the true leader.
Using the Expert Design Studio or EDS that is part of Trading Expert, I am able to define rules for the technical aspects of the groups and individual stocks. I can include any of dozens of fundamental elements in my "screens". I currently screen for ROE, but list for review the other aspects of the fundamentals in the resulting tables.
I have all the IBD industry groups listed by individual tabs and can simple click the tab and see all the technical and fundamental data for every stock in the group. Then sort by any column I desire.

I see they want $59 per month for the service so it's about the same price as Daily Graphs.
Have you tried other charting packages?

Back in the late 80's I used Metastock for a couple of years. It was okay. I bought Version 6 a couple of years back, but was totally disappointed. I've played around with BigEasy, but only for fun. It has a few nice features, but not being able to produce group charts, I didn't take it seriously.

How does i= t fit into the CANSLIM approach? Did you
define the Dental Services group or do they define groups,

I had to manually define all 197 groups and populate the groups by assigning the tickers to them. I't was more than worth it though. AIQ's Trading Expert can be for the casual weekend chartists, but to get the kind of performance from it I do, will take many, many hours of setting up and building of groups. My group analysis is primarily from weekly scans I run with EDS, my stock analysis is done daily with a different scan that includes fundamental data. To me, although labor intensive, it is everything I wanted it to be. I haven't been able to think of a single idea, I haven't been able to replicate and test in TEX.

relative strength
and ESP rank like IBD?

I can't do a percentile ranking, but I don't miss it at all. I've developed my own unique and "Top Secret" methodology for using the two RS studies built into TEX. I can compare the top RS stocks and rank them on how long they've been a top RS, what percentage they've moved during multiple time frames and if volume is contracting or expanding.

I noticed that you said that you caught the rise of
the Dental Services group. Does AIQ have some method which brings that fact
to you while it's happening?

Stephen Kutney 

Not in real time, but after market closing, I run my scan and see any new highs, volume behind it, which groups, how they faired in price performance, RS performance, by volume. I sort on my group columns and see how the leaders/laggards faired by any measure.

I know what the Group tables in IBD will look like, before they print it. I know which stocks will be in "The Real Most Active" lists before they print it, which are from leading groups, what the group has been doing for the past week, 2, 4, 8, 6 months, year or any other time frame I wish to analyze in. Press the "W" key, I've got weekly charts, the "L" key and they are logarythmic.

Well, I have run on. Hope this helps more than I feel it may.

Regards,
Frank Wolynski

Here's the Medical/Dental/Svcs chart so you can see what I saw.
I'm also including the Medical/Dental/Supplies chart, which exploded in January.



 - --=====================_983864045==_ Content-Type: application/mac-binhex40; name="Med_Dental_Svcs.GIF" Content-Disposition: attachment; filename="Med_Dental_Svcs.GIF" Part 1.2 Content-Type: application/mac-binhex40 - --=====================_983864045==_ Content-Type: application/mac-binhex40; name="Med_Dental_Supplies.GIF" Content-Disposition: attachment; filename="Med_Dental_Supplies.GIF" Part 1.4 Content-Type: application/mac-binhex40 - --=====================_983864045==_ Content-Type: text/plain; charset="us-ascii" Frank Wolynski, VP Engineering, WEDU-TV Wolynski@Tampabay.rr.com Wolynski@WEDU.pbs.org - --=====================_983864045==_-- - - ------------------------------ Date: Mon, 05 Mar 2001 20:56:06 -0700 From: esetser Subject: Re: [CANSLIM] EASI Or, you could chose to post your picks elsewhere for those that are interested. I put my portfolio on Clearstation, so anyone from this group that is interested can check on it, or even subscribe to it. I think that's a good way to share for those who are interested. >From: "Tom Worley" >To: >Subject: Re: [CANSLIM] EASI >Date: Thu, 1 Mar 2001 10:23:19 -0500 >X-MSMail-Priority: Normal >X-Mailer: Microsoft Outlook Express 5.00.2314.1300 >X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2314.1300 >Sender: owner-canslim@lists.xmission.com >Reply-To: canslim@lists.xmission.com >X-No-Archive: yes > > Chris, If every member starts reporting everything they do in their >accounts, this list will be clogged with nothing but trading activity, and >have little CANSLIM content. I have a day job, which I am home doing at >the moment, otherwise I would not even see this until tonight. Please >develop a private list of those members interested and with the daytime >opportunity to mimic your daytrading habits, and send to them privately. I >really am not interested, and suspect I am not the only member feeling >that way. It would be unfair to this list to drive out true investors >because of the frequency of your emails. >Tom Worley >stkguru@netside.net >ICQ # 5568838 ----- Original Message ----- From: >Vanchee1@aol.com To: canslim@xmission.com Sent: Thursday, March >01, 2001 10:01 AM Subject: [CANSLIM] EASI >Bought more on the big drop at 31.75 will see if this was wise or not. > >Chris. > - - ------------------------------ Date: Mon, 5 Mar 2001 22:29:35 -0800 From: "Mike Lucero" Subject: Re: [CANSLIM] LNCR A quibble is that 50% of funds haven't invested in the stock; 50% of the float of the stock is owned by funds. Mike - ----- Original Message ----- From: To: Sent: Monday, March 05, 2001 6:57 AM Subject: Re: [CANSLIM] LNCR > Tom: > > I hadn't fully considered "additional institutional buying" as being > necessary to raise the stock price. Thus,since there are so many funds > already invested in the stock (50%), it's unlikely, as you put it, any more > funds would invest in it. Thanks for the interesting heads-up. > > jans > > - > > - - ------------------------------ Date: Tue, 6 Mar 2001 07:37:57 -0800 (PST) From: DAVID BRIDGES Subject: Re: [CANSLIM] Where's has all the money gone? That questioned was asked and answered in the thirties - -The money has gone to money heaven and the stocks are being returned to their rightful owners. __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/ - - ------------------------------ Date: Tue, 6 Mar 2001 07:32:55 -0800 (PST) From: Anthony DiLella Subject: Re: [CANSLIM] Clearstation Earl, what name do you use on clearstation? Tony - --- esetser wrote: > Or, you could chose to post your picks elsewhere for > those that are > interested. I put my portfolio on Clearstation, so > anyone from this group > that is interested can check on it, or even > subscribe to it. I think > that's a good way to share for those who are > interested. __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/ - - ------------------------------ Date: Tue, 6 Mar 2001 09:05:39 -0800 From: "Ian" Subject: [CANSLIM] Question on follow-through days? The NASDAQ bottomed last Thursday, and finished up for the day (day 1). That makes today day '4'. Since yesterdays volume was anemic, we are sure to be up 1%+ on much greater volume today. Is this an 'official' follow-through day? Or am I supposed to start counting 'day 1' last Friday? Thanks, Ian - - ------------------------------ Date: Tue, 06 Mar 2001 09:08:07 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Question on follow-through days? By my reckoning today is Day 3. WON says to look for a F/T day on the 4th through 10th days following the bottom. F/Ts in the first 3 days are suspect. The 4th day is Wed if you start with Thurs as the bottom. Personally, I can't see why you would focus only on the NASDAQ, as WON looks for F/T days on "one or more major indices". I'd like to see confirmation of any F/T day on the NASDAQ with a F/T on the NYSE and optionally the DJ30, S&P500 and RUT2000. Preferably on all of them, and multiple F/T days within the window, since many apparently valid F/T days have been head fakes in the past 9 months. On 09:05 AM 3/6/01, Ian Said: >The NASDAQ bottomed last Thursday, and finished up for the day (day 1). That >makes today day '4'. Since yesterdays volume was anemic, we are sure to be >up 1%+ on much greater volume today. Is this an 'official' follow-through >day? Or am I supposed to start counting 'day 1' last Friday? > >Thanks, > >Ian > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Tue, 6 Mar 2001 09:38:04 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] Too bullish? This is a multi-part message in MIME format. - ------=_NextPart_000_0033_01C0A621.24863280 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Well said Tom. And in addition I'd like to add that folks that are new = here that do wish to post there investment positions, do so with = percentage amounts only. No need to post their actual dollar amounts. = That's a personal thing. Btw, Glad to be feeling a slight bullish vibe around here.=20 - -Bill Triffet ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Tuesday, March 06, 2001 6:03 AM Subject: [CANSLIM] Too bullish? Fellow members, Those that have been in this group for a few years know that I tend = (some might say obsess) to be generally bullish (even Pollyanna). I have = a strong opinion about the economics of USA, continued growth, and = lately the future growth of tech stocks. Lately, for several months, I have been far more bearish than is usual = for me, with good reasons. For once, I have shown the discipline to sit = in some cash, and not spend it. Today, I am breaking that pattern and = beginning to roll my available cash into growth. Half the cash in my = 401K is now committed, and tonight I will start placing the 25% cash in = my IRA. I am influenced by a number of factors, most of which I have commented = on here. But I also took the time this morning to look at some major = indexes, and saw that the DOW 30 (while meaningless to CANSLIMers but = still the most visible index) has made 4 probes to the 10,300 level = since its plunge on 10/18/00. All four times it held. On the NYSE = Composite Index, it has four times tested 620, held two times and broke = thru two times, but only slightly. The deepest of these four threatened, = but did not breach, the 611.40 also set 10/18/00. Naz I don't even like = to talk about, other than to say I believe it to be severely oversold. = And, of course, my favorite the Russell 2000 while irregular has not = even threatened new lows. I also note that the RS line of all of these = compared to the S&P500 is trending up, some sharply. Big caps will = rally when market conviction is there, and I believe there are enough = early signs for me to risk some more capital. I also have been watching the futures strengthen this morning, = combined with Japan's overnight gain of well over 3%. Europe is also = strong across the board. I am not convinced that the selloffs are over, = or the lows have been reached. But I do think that stock prices have = gotten very cheap, and multiples very low, for the long term investor.=20 I am not a believer in posting on our personal trades, but as a vocal, = and sometimes influential member of this group, I owe it to you to = inform you of this change in my attitude, and investing. For once I agree with Morgan Stanley, the bad news is mostly priced = in, the economy will not collapse, and everyone has warned to such a = degree that this rally might just now be sustainable. I am taking the = added risks of entering before there is clear confirmation of my = beliefs, I do not encourage others to simply mimic my actions. Do your = own homework, make your own decisions on what is right for your, and = your risk tolerance. Best regards, and happy hunting, Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_0033_01C0A621.24863280 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Well said Tom. And in addition I'd like = to add that=20 folks that are new here that do wish to post there investment positions, = do so=20 with percentage amounts only. No need to post their actual dollar = amounts.=20 That's a personal thing.
 
Btw, Glad to be feeling a slight = bullish vibe=20 around here.
 
-Bill Triffet
----- Original Message -----
From:=20 Tom = Worley=20
To: CANSLIM
Sent: Tuesday, March 06, 2001 = 6:03=20 AM
Subject: [CANSLIM] Too = bullish?

Fellow members,
 
Those that have been in this group for a few years = know that=20 I tend (some might say obsess) to be generally bullish (even = Pollyanna). I=20 have a strong opinion about the economics of USA, continued growth, = and lately=20 the future growth of tech stocks.
 
Lately, for several months, I have been far more = bearish=20 than is usual for me, with good reasons. For once, I have shown the = discipline=20 to sit in some cash, and not spend it. Today, I am breaking that = pattern and=20 beginning to roll my available cash into growth.  Half the cash = in my=20 401K is now committed, and tonight I will start placing the 25% cash = in my=20 IRA.
 
I am influenced by a number of factors, most of = which I have=20 commented on here. But I also took the time this morning to look at = some major=20 indexes, and saw that the DOW 30 (while meaningless to CANSLIMers but = still=20 the most visible index) has made 4 probes to the 10,300 level since = its plunge=20 on 10/18/00. All four times it held.  On the NYSE Composite = Index, it has=20 four times tested 620, held two times and broke thru two times, but = only=20 slightly. The deepest of these four threatened, but did not breach, = the 611.40=20 also set 10/18/00. Naz I don't even like to talk about, other than to = say I=20 believe it to be severely oversold. And, of course, my favorite the = Russell=20 2000 while irregular has not even threatened new lows.  I also = note that=20 the RS line of all of these compared to the S&P500 is trending up, = some=20 sharply.  Big caps will rally when market conviction is there, = and I=20 believe there are enough early signs for me to risk some more=20 capital.
 
I also have been watching the futures strengthen = this=20 morning, combined with Japan's overnight gain of well over 3%. Europe = is also=20 strong across the board.  I am not convinced that the selloffs = are over,=20 or the lows have been reached. But I do think that stock prices have = gotten=20 very cheap, and multiples very low, for the long term investor. =
 
I am not a believer in posting on our personal = trades, but=20 as a vocal, and sometimes influential member of this group, I owe it = to you to=20 inform you of this change in my attitude, and investing.
 
For once I agree with Morgan Stanley, the bad news = is mostly=20 priced in, the economy will not collapse, and everyone has warned to = such a=20 degree that this rally might just now be sustainable. I am taking the = added=20 risks of entering before there is clear confirmation of my beliefs, I = do not=20 encourage others to simply mimic my actions. Do your own homework, = make your=20 own decisions on what is right for your, and your risk = tolerance.
 
Best regards, and happy hunting,

Tom Worley
stkguru@netside.net
ICQ #=20 5568838
 
 
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