From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1434 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, June 5 2001 Volume 02 : Number 1434 In this issue: Re: [CANSLIM] FDO Re: [CANSLIM] Is canslim available in digest form? Re: [CANSLIM] SRDX breaks out Re: [CANSLIM] SRDX breaks out Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT [CANSLIM] Sorry: personal Re: [CANSLIM] SRDX breaks out [CANSLIM] SORRY Re: [CANSLIM] SRDX breaks out Re: [CANSLIM] SORRY [CANSLIM] Not again! Oh, No! Sorry!!!! Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT Re: [CANSLIM] CANSLIM Alert email service ---------------------------------------------------------------------- Date: Mon, 04 Jun 2001 21:52:11 -0600 From: esetser Subject: Re: [CANSLIM] FDO Yes, I would. The handle is a "high handle" in that the high point of the handle is above the previous high of 27.84. This pattern looks somewhat similar to IGT, except the overall pattern is flatter. At 07:47 PM 6/3/01 -0700, you wrote: >All right - all you C-and-H enthusiasts/identifiers. Question for >you. Would you consider FDO to be a C&H in current handle mode? > > >Thanks, > >Dave > > >===== >Dave Cameron >dfcameron@yahoo.com > >__________________________________________________ >Do You Yahoo!? >Get personalized email addresses from Yahoo! Mail - only $35 >a year! http://personal.mail.yahoo.com/ > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 04 Jun 2001 23:24:12 -0700 From: Harvey Brion Subject: Re: [CANSLIM] Is canslim available in digest form? Anyone with Netscape 4.7, try: Edit.............Message Filters................New then select: Subject.........contains...........[CANSLIM] Perry Stanfield wrote: > Tools........Message Rules.........Mail would be a good start......... > > ----- Original Message ----- > From: "Doug Shannon" > To: > Sent: Monday, June 04, 2001 7:01 AM > Subject: RE: [CANSLIM] Is canslim available in digest form? > > > Tom, > > > > Could you tell us how to setup a filter in Outlook? > > > > Thanks, > > > > Doug > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > > Sent: Monday, June 04, 2001 9:53 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Is canslim available in digest form? > > > > > > No, Jeff discontinued the digest version several months ago. > > Best bet is to set up a filter, and send all the group messages > > into a separate folder. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: > > To: > > Sent: Monday, June 04, 2001 9:33 AM > > Subject: [CANSLIM] Is canslim available in digest form? > > > > > > > > Is canslim available in digest form? There is toom uch info and > > my mailbox > > is overflowing. I do enjoy trying to figure out whats going on. > > Tedfred > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 06:30:12 -0500 From: "Norman" Subject: Re: [CANSLIM] SRDX breaks out SRDX has been on and off my watch lists lately. Not on this week. For some reason I always found a better candidate than SRDX. Norman - ----- Original Message ----- From: "Peter Christiansen" To: Sent: Monday, June 04, 2001 10:03 PM Subject: [CANSLIM] SRDX breaks out > Anyone else looking at SRDX? Strong breakout from a five week > consolidation. The RS line broke to new highs as well. Missed the > breakout today, but will watch for an orderly pullback. > > Peter > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 07:33:36 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] SRDX breaks out Jeez. What time is it in TX?? Aren't you the early bird? - ----- Original Message ----- From: "Norman" To: Sent: Tuesday, June 05, 2001 7:30 AM Subject: Re: [CANSLIM] SRDX breaks out > SRDX has been on and off my watch lists lately. Not on this week. For some > reason I always found a better candidate than SRDX. > > Norman > ----- Original Message ----- > From: "Peter Christiansen" > To: > Sent: Monday, June 04, 2001 10:03 PM > Subject: [CANSLIM] SRDX breaks out > > > > Anyone else looking at SRDX? Strong breakout from a five week > > consolidation. The RS line broke to new highs as well. Missed the > > breakout today, but will watch for an orderly pullback. > > > > Peter > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 06:37:23 -0500 From: "Norman" Subject: Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT David, I wish you would have told me a purchase of WTSLA was doomed before I got in . Seriously, what do you mean by 'wedging' handles. I thought a downward sloping handle on low vol was desirable? And, I thought a capitulation in the base was good, i.e. a few distribution days in the bottom of a cup. Wouldn't this indicate a 'shakeout'? And, I have seen 1 of the members here say he looked for low vol on the right side of the base. I am less sure about the action in this area. Norman Boyd theboyd@tisd.net - ----- Original Message ----- From: "David Squires" To: Sent: Monday, June 04, 2001 10:22 PM Subject: Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT > Jonathan, > > To me there is no doubt chart reading is an art not a science. Pattern > recognition can have many gray areas. In the end the pattern name doesn't > matter. What matters is that the pattern is sound. Here are a few things > that increase the risk of any basing pattern. > > 1) Low Liquidity - Stocks that trade less that 75,000 shares daily can get > knocked down hard by just one institutional seller. > 2) Wide & Loose Price Action - Look for bases with tight price action when > they are consolidating especially in the handle area and bottom of the cup. > An example of a wide & loose stock is RTEC. > 3) Wedging Handles - Stay away from handles that wedge. They breed faulty > breakouts. > 4) Base Distribution - Stay away from stocks that have large volume spikes > on down days within the base. LNCR is an example. > 5) Light volume on the right side of the base - Be suspect of stocks that > can't trade above their 50-day ADV on the way up the right side of the base. > These stocks are moving on the fumes of the last advance in most cases. > WTSLA is an example. > 6) Volatile Handles - When a stock starts gyrating on the right side of the > cup it is often a sign of a false breakout coming. WTSLA is a current > example. > > These suggests don't mean a stock won't work it just means the probabilities > of it working drop. When I buy a stock I want all the odds in my favor. > > Good Trading, > DSquires > > > > ----- Original Message ----- > From: "Jonathan Lien" > To: > Sent: Monday, June 04, 2001 7:27 PM > Subject: RE: [CANSLIM] CPRT > > > > Why does it seem that everyone has a different interpretation when > > reading charts? > > > > Is it more art than science? > > > > I am trying to get a "handle" on how to read charts more accurately. > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of David Squires > > Sent: Monday, June 04, 2001 5:14 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] CPRT > > > > > > Ann, > > > > I agree... it looks like a base on base formation on the daily within a > > larger, weekly cup and handle formation. That means the weekly and daily > > both broke out of bullish patterns on volume. Let's see if M lets CPRT > > strut its stuff! > > > > File attached > > > > DSquires > > > > ----- Original Message ----- > > From: "Ann Hollingworth" > > To: > > Sent: Monday, June 04, 2001 3:20 PM > > Subject: Re: [CANSLIM] CPRT > > > > > I bought this morning, too. I thought the chart was a base on base. > > > Ann > > > ----- Original Message ----- > > > From: "Tim Fisher" > > > To: > > > Sent: Monday, June 04, 2001 12:55 PM > > > Subject: Re: [CANSLIM] CPRT > > > > > > > > > > 3 months ago, I would have agreed with you. Now that I am convinced > > > > that highs older than 12 months ago are irrelevant, I see this as a > > > > 2nd stage B/O from the pivot of 20 set in Jan, which was exceeded in > > > > > > April after a sloppy C&H. A drop from 26 to 12 is too steep for a > > > > C&H anyway, it's a double bottom if you believe a formation can take > > > > > > 70+ weeks to develop, which I don't... > > > > > > > > On 09:07 AM 6/4/01, Eric Jaenike Said: > > > > >I tend to agree with the assertion that the c & h > > > > >started in late Dec. 1999, handle starting May 2001, > > > > >so base is quite long. > > > > >Eric > > > > >--- Tim Fisher wrote: > > > > > > I liked it, BOT early when the vol went nuts. So far > > > > > > so good, shorter base > > > > > > than I would like, but too many trains have been leaving the > > > > > > station without me lately! > > > > > > > > > > > > On 08:14 AM 6/4/01, Steven Limbert Said: > > > > > > > > > > > > >Hello All, > > > > > > > > > > > > > >CPRT is making a run for it, any comments? > > > > > > > > > > > > > > > > > > > > >Thanks > > > > > > >SL > > > > > > > > > > > > > > > > > > > > > > > > > >_________________________________________________________________ > > > > > > >Get your FREE download of MSN Explorer at > > > > > > http://explorer.msn.com > > > > > > > > > > > > > > > > > > > > >- > > > > > > >-To subscribe/unsubscribe, email > > > > > > "majordomo@xmission.com" > > > > > > >-In the email body, write "subscribe canslim" or -"unsubscribe > > > > > > >canslim". Do not use quotes in your > > > > > > email. > > > > > > > > > > > > Tim Fisher > > > > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > > > > > > > Tim@OreRockOn.com > > > > > > WWW: http://OreRockOn.com > > > > > > See naked fish and rocks! > > > > > > > > > > > > > > > > > > - > > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > > -In the email body, write "subscribe canslim" or > > > > > > -"unsubscribe canslim". Do not use quotes in your > > > > >email. > > > > > > > > > > > > > > >__________________________________________________ > > > > >Do You Yahoo!? > > > > >Get personalized email addresses from Yahoo! Mail - only $35 a > > > > >year! http://personal.mail.yahoo.com/ > > > > > > > > > >- > > > > >-To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > > >email body, write "subscribe canslim" or -"unsubscribe canslim". > > > > >Do not use quotes in your email. > > > > > > > > Tim Fisher > > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > > > Tim@OreRockOn.com > > > > WWW: http://OreRockOn.com > > > > See naked fish and rocks! > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > > > > > not use quotes in your email. > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or -"unsubscribe > > > canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 07:36:46 -0400 From: "Ann Hollingworth" Subject: [CANSLIM] Sorry: personal Sorry. Didn't mean to send to whole group - ----- Original Message ----- From: "Ann Hollingworth" To: Sent: Tuesday, June 05, 2001 7:33 AM Subject: Re: [CANSLIM] SRDX breaks out > Jeez. What time is it in TX?? Aren't you the early bird? > ----- Original Message ----- > From: "Norman" > To: > Sent: Tuesday, June 05, 2001 7:30 AM > Subject: Re: [CANSLIM] SRDX breaks out > > > > SRDX has been on and off my watch lists lately. Not on this week. For > some > > reason I always found a better candidate than SRDX. > > > > Norman > > ----- Original Message ----- > > From: "Peter Christiansen" > > To: > > Sent: Monday, June 04, 2001 10:03 PM > > Subject: [CANSLIM] SRDX breaks out > > > > > > > Anyone else looking at SRDX? Strong breakout from a five week > > > consolidation. The RS line broke to new highs as well. Missed the > > > breakout today, but will watch for an orderly pullback. > > > > > > Peter > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 06:51:24 -0500 From: "Norman" Subject: Re: [CANSLIM] SRDX breaks out It is 6:50 AM right now. I usually get up at 6. I have to leave at 7:10 this morn for a 2:45 min drive to San Antonio to attend a regional water planning meeting. norm - ----- Original Message ----- From: "Ann Hollingworth" To: Sent: Tuesday, June 05, 2001 6:33 AM Subject: Re: [CANSLIM] SRDX breaks out > Jeez. What time is it in TX?? Aren't you the early bird? > ----- Original Message ----- > From: "Norman" > To: > Sent: Tuesday, June 05, 2001 7:30 AM > Subject: Re: [CANSLIM] SRDX breaks out > > > > SRDX has been on and off my watch lists lately. Not on this week. For > some > > reason I always found a better candidate than SRDX. > > > > Norman > > ----- Original Message ----- > > From: "Peter Christiansen" > > To: > > Sent: Monday, June 04, 2001 10:03 PM > > Subject: [CANSLIM] SRDX breaks out > > > > > > > Anyone else looking at SRDX? Strong breakout from a five week > > > consolidation. The RS line broke to new highs as well. Missed the > > > breakout today, but will watch for an orderly pullback. > > > > > > Peter > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 06:53:16 -0500 From: "Norman" Subject: [CANSLIM] SORRY for that last post. I hit the 'rwong' button again . Norm - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 07:56:13 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] SRDX breaks out We're only an hour apart? Amazing. Have a good meeting. - ----- Original Message ----- From: "Norman" To: Sent: Tuesday, June 05, 2001 7:51 AM Subject: Re: [CANSLIM] SRDX breaks out > It is 6:50 AM right now. I usually get up at 6. I have to leave at 7:10 > this morn for a 2:45 min drive to San Antonio to attend a regional water > planning meeting. > > norm > ----- Original Message ----- > From: "Ann Hollingworth" > To: > Sent: Tuesday, June 05, 2001 6:33 AM > Subject: Re: [CANSLIM] SRDX breaks out > > > > Jeez. What time is it in TX?? Aren't you the early bird? > > ----- Original Message ----- > > From: "Norman" > > To: > > Sent: Tuesday, June 05, 2001 7:30 AM > > Subject: Re: [CANSLIM] SRDX breaks out > > > > > > > SRDX has been on and off my watch lists lately. Not on this week. For > > some > > > reason I always found a better candidate than SRDX. > > > > > > Norman > > > ----- Original Message ----- > > > From: "Peter Christiansen" > > > To: > > > Sent: Monday, June 04, 2001 10:03 PM > > > Subject: [CANSLIM] SRDX breaks out > > > > > > > > > > Anyone else looking at SRDX? Strong breakout from a five week > > > > consolidation. The RS line broke to new highs as well. Missed the > > > > breakout today, but will watch for an orderly pullback. > > > > > > > > Peter > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 07:56:41 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] SORRY ? - ----- Original Message ----- From: "Norman" To: Sent: Tuesday, June 05, 2001 7:53 AM Subject: [CANSLIM] SORRY > for that last post. I hit the 'rwong' button again . > > > Norm > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 07:59:30 -0400 From: "Ann Hollingworth" Subject: [CANSLIM] Not again! Oh, No! Sorry!!!! - ----- Original Message ----- From: "Ann Hollingworth" To: Sent: Tuesday, June 05, 2001 7:56 AM Subject: Re: [CANSLIM] SRDX breaks out > We're only an hour apart? Amazing. Have a good meeting. > ----- Original Message ----- > From: "Norman" > To: > Sent: Tuesday, June 05, 2001 7:51 AM > Subject: Re: [CANSLIM] SRDX breaks out > > > > It is 6:50 AM right now. I usually get up at 6. I have to leave at 7:10 > > this morn for a 2:45 min drive to San Antonio to attend a regional water > > planning meeting. > > > > norm > > ----- Original Message ----- > > From: "Ann Hollingworth" > > To: > > Sent: Tuesday, June 05, 2001 6:33 AM > > Subject: Re: [CANSLIM] SRDX breaks out > > > > > > > Jeez. What time is it in TX?? Aren't you the early bird? > > > ----- Original Message ----- > > > From: "Norman" > > > To: > > > Sent: Tuesday, June 05, 2001 7:30 AM > > > Subject: Re: [CANSLIM] SRDX breaks out > > > > > > > > > > SRDX has been on and off my watch lists lately. Not on this week. > For > > > some > > > > reason I always found a better candidate than SRDX. > > > > > > > > Norman > > > > ----- Original Message ----- > > > > From: "Peter Christiansen" > > > > To: > > > > Sent: Monday, June 04, 2001 10:03 PM > > > > Subject: [CANSLIM] SRDX breaks out > > > > > > > > > > > > > Anyone else looking at SRDX? Strong breakout from a five week > > > > > consolidation. The RS line broke to new highs as well. Missed the > > > > > breakout today, but will watch for an orderly pullback. > > > > > > > > > > Peter > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 07:35:02 -0500 From: "David Squires" Subject: Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT Norman, > I wish you would have told me a purchase of WTSLA was doomed before I got in > . First, WTSLA is not doomed by any stretch... it just showed lower probability warning signs on the way up its cup. The breakout came on high volume so the market believes. It could very well go to the moon, but it will go without me. ;-) Just watch the action of the stock from here and INGORE my OPINION. > Seriously, what do you mean by 'wedging' handles. I thought a downward > sloping handle on low vol was desirable? Your right about the desirable handle sloping down on low volume. What I was saying is to avoid wedging handles. Wedging handles slope Up along their price lows. > And, I thought a capitulation in the base was good, i.e. a few distribution > days in the bottom of a cup. Wouldn't this indicate a 'shakeout'? Capitulation is great. However, a capitulation day will often also be a reversal day, opening and trading lower only to close near its high. I would view such a day as accumulation because somebody absorbed all the supply and closed the stock strong. The same goes for high volume marginally down days or narrow range days if they are at the bottom of the base. These price and volume relationships tell you someone is holding the stock UP. > And, I have seen 1 of the members here say he looked for low vol on the > right side of the base. I am less sure about the action in this area. IMO, this member must have been referring to the handle part of the right side. Who in their right mind would want a light volume rally? A graph of LNCR is here.(Jeff needs at least 15 minutes to upload it to the FTP) ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/LNCR.gif Dave - ----- Original Message ----- From: "Norman" To: Sent: Tuesday, June 05, 2001 6:37 AM Subject: Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT > David, > > > > > > Norman Boyd > theboyd@tisd.net > > ----- Original Message ----- > From: "David Squires" > To: > Sent: Monday, June 04, 2001 10:22 PM > Subject: Re: [CANSLIM] Chart Reading Art or Science?.......was CPRT > > > > Jonathan, > > > > To me there is no doubt chart reading is an art not a science. Pattern > > recognition can have many gray areas. In the end the pattern name doesn't > > matter. What matters is that the pattern is sound. Here are a few things > > that increase the risk of any basing pattern. > > > > 1) Low Liquidity - Stocks that trade less that 75,000 shares daily can get > > knocked down hard by just one institutional seller. > > 2) Wide & Loose Price Action - Look for bases with tight price action when > > they are consolidating especially in the handle area and bottom of the > cup. > > An example of a wide & loose stock is RTEC. > > 3) Wedging Handles - Stay away from handles that wedge. They breed faulty > > breakouts. > > 4) Base Distribution - Stay away from stocks that have large volume spikes > > on down days within the base. LNCR is an example. > > 5) Light volume on the right side of the base - Be suspect of stocks that > > can't trade above their 50-day ADV on the way up the right side of the > base. > > These stocks are moving on the fumes of the last advance in most cases. > > WTSLA is an example. > > 6) Volatile Handles - When a stock starts gyrating on the right side of > the > > cup it is often a sign of a false breakout coming. WTSLA is a current > > example. > > > > These suggests don't mean a stock won't work it just means the > probabilities > > of it working drop. When I buy a stock I want all the odds in my favor. > > > > Good Trading, > > DSquires > > > > > > > > ----- Original Message ----- > > From: "Jonathan Lien" > > To: > > Sent: Monday, June 04, 2001 7:27 PM > > Subject: RE: [CANSLIM] CPRT > > > > > > > Why does it seem that everyone has a different interpretation when > > > reading charts? > > > > > > Is it more art than science? > > > > > > I am trying to get a "handle" on how to read charts more accurately. > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of David Squires > > > Sent: Monday, June 04, 2001 5:14 PM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] CPRT > > > > > > > > > Ann, > > > > > > I agree... it looks like a base on base formation on the daily within a > > > larger, weekly cup and handle formation. That means the weekly and daily > > > both broke out of bullish patterns on volume. Let's see if M lets CPRT > > > strut its stuff! > > > > > > File attached > > > > > > DSquires > > > > > > ----- Original Message ----- > > > From: "Ann Hollingworth" > > > To: > > > Sent: Monday, June 04, 2001 3:20 PM > > > Subject: Re: [CANSLIM] CPRT > > > > > > > I bought this morning, too. I thought the chart was a base on base. > > > > Ann > > > > ----- Original Message ----- > > > > From: "Tim Fisher" > > > > To: > > > > Sent: Monday, June 04, 2001 12:55 PM > > > > Subject: Re: [CANSLIM] CPRT > > > > > > > > > > > > > 3 months ago, I would have agreed with you. Now that I am convinced > > > > > that highs older than 12 months ago are irrelevant, I see this as a > > > > > 2nd stage B/O from the pivot of 20 set in Jan, which was exceeded in > > > > > > > > April after a sloppy C&H. A drop from 26 to 12 is too steep for a > > > > > C&H anyway, it's a double bottom if you believe a formation can take > > > > > > > > 70+ weeks to develop, which I don't... > > > > > > > > > > On 09:07 AM 6/4/01, Eric Jaenike Said: > > > > > >I tend to agree with the assertion that the c & h > > > > > >started in late Dec. 1999, handle starting May 2001, > > > > > >so base is quite long. > > > > > >Eric > > > > > >--- Tim Fisher wrote: > > > > > > > I liked it, BOT early when the vol went nuts. So far > > > > > > > so good, shorter base > > > > > > > than I would like, but too many trains have been leaving the > > > > > > > station without me lately! > > > > > > > > > > > > > > On 08:14 AM 6/4/01, Steven Limbert Said: > > > > > > > > > > > > > > >Hello All, > > > > > > > > > > > > > > > >CPRT is making a run for it, any comments? > > > > > > > > > > > > > > > > > > > > > > > >Thanks > > > > > > > >SL > > > > > > > > > > > > > > > > > > > > > > > > > > > > > >_________________________________________________________________ > > > > > > > >Get your FREE download of MSN Explorer at > > > > > > > http://explorer.msn.com > > > > > > > > > > > > > > > > > > > > > > > >- > > > > > > > >-To subscribe/unsubscribe, email > > > > > > > "majordomo@xmission.com" > > > > > > > >-In the email body, write "subscribe canslim" or -"unsubscribe > > > > > > > >canslim". Do not use quotes in your > > > > > > > email. > > > > > > > > > > > > > > Tim Fisher > > > > > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > > > > > > > > > Tim@OreRockOn.com > > > > > > > WWW: http://OreRockOn.com > > > > > > > See naked fish and rocks! > > > > > > > > > > > > > > > > > > > > > - > > > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > > > -In the email body, write "subscribe canslim" or > > > > > > > -"unsubscribe canslim". Do not use quotes in your > > > > > >email. > > > > > > > > > > > > > > > > > >__________________________________________________ > > > > > >Do You Yahoo!? > > > > > >Get personalized email addresses from Yahoo! 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Do not use quotes in your email. ------------------------------ Date: Tue, 5 Jun 2001 08:36:11 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CANSLIM Alert email service Members, I hesitated to respond initially to this post by David, in part because I felt mildly offended by it, so decided to think it over first. I recognized also that it was not a service that I would use or pay for. My emotional reaction was primarily that I felt he was offering to sell something that most members here give to the group for free, such as I do with the DGO List or Tim does with his HGS scan, or another member does with his A/D list, etc. While I realize that David is not only investing his own money in stocks like this, and know him to be a good CANSLIMer, I was also unsure where he was taking data from, such as RS and EPS. We have routinely seen a wide variance in this data taken from DGO/IBD compared to other sites. He did confirm to me privately that he does not use DGO, and is not concerned with "authentic" WON sourced CANSLIM data. I was also put off by the commercialism of this, as this site does not allow ads. But on consideration, I also recognized that several members have expressed an interest in a net based site that could do this, and how else was David to let members know without such a post. I am neither endorsing nor condemning such a service, members will have to decide for themselves if it is of value. For me, it would not be of value for a number of reasons, including the stocks are likely to be outside of my price (and definitely mkt cap) range, I am not obsessed with only finding c&h patterns, I already note those c&h patterns I find in my review for the DGO List, and I prefer to do my own screening and chart reading according to my own criteria. I also recognized that members new to chart reading often have difficulty in identifying proper chart patterns worth watching or buying. So this service could both help them gain better understanding, as well as avoid mistakes by guiding them to a limited number of charts. The temptation was admittedly there to follow suit and start charging for my weekly DGO List, but I would expend the three hours or so for the review regardless, and the extra time to type up the results and share it with the group is not significant. So the DGO List will remain free for those members using it. Whatever results, I wish David luck and success with his efforts. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: David Squires To: Sent: Monday, June 04, 2001 7:39 PM Subject: [CANSLIM] CANSLIM Alert email service Hi all, Not long ago a member asked if there was a service that provided Cup & Handle setups. The response seemed to be that there were many CANSLIM data services, but no service that provided actual setups. I have thought about this since then and have decided to start such a service. Here's what I propose: The CANSLIM ALERT The service will come out on a weekly basis as an email every Sunday and provide 5 things: 1) The top 50(if there are 50) CANSLIM setups as I see them (using strict CANSLIM criteria). (100,000 50-day ADV minimum) 2) The top 25 bases that do not meet CANSLIM criteria for some reason, but are setting up for a breakout. 3) The top 25 stocks under strong accumulation, but not in a base. These stocks will be for the more aggressive traders that are more swing trading oriented. These stocks will be at, or near, a trading opportunity. This will be the only group that won't have buy points. All the above stocks will include the following data each week: Over grade from me (1-99) Chart grade from me(1-99) Symbol Name Group Group Strength Acc/Dis EPS Rank 3,6, and 12-month Relative Strength Earnings Revision Momentum, Earnings Drift, Current Quarter's EPS Growth Estimate Next Quarter's EPS Growth Estimate Current Year's EPS Growth Estimate Next Year's EPS Growth Estimate Buy Point Stop loss 50-day ADV(average daily volume) 1.5x50-day ADV and hourly volume extrapolations. 4) A Stock of the Week - this will be a stock that I feel has excellent chances of performing well in the week and weeks to come. 5) Commentary on intermediate-term market direction as popularized by William O'Neil. The cost will be $12.50 per month. IF YOU ARE INTERESTED PLEASE EMAIL ME PRIVATELY AND SAY SO. PLEASE DO NOT CLUTTER THE LISTSERV WITH QUESTIONS REGARDING THIS EMAIL. MAIL TO: dcsquires1@home.com For those that feel this is inappropriate advertising, don't worry, I am only going to post this once. Good Trading, Dave Squires - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1434 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.