From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1907 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 Saturday, December 8 2001 Volume 02 : Number 1907 In this issue: Re: [CANSLIM] Technical Stuff [CANSLIM] Troubles Ahead Re: [CANSLIM] Technical Stuff Re: [CANSLIM] Technical Stuff Re: [CANSLIM] Re: AZO & HGS list [CANSLIM] O speaks Re: [CANSLIM] Technical Stuff RE: [CANSLIM]sequence for downloading from qp2 to excel ---------------------------------------------------------------------- Date: Sat, 8 Dec 2001 19:05:14 -0500 From: "Dan Forant" Subject: Re: [CANSLIM] Technical Stuff Andreas, Nice simple way of trading huh? Anyway when I do find a CANSLIM stock, it's from daily charts. A weekly or even monthly chart can bolster a guess where the stock is going. A weekly chart can't precede a cup & handle break out can it? DanF - ----- Original Message ----- From: "Andreas Himmelreich" To: Sent: Saturday, December 08, 2001 2:49 PM Subject: [CANSLIM] Technical Stuff > Hello, > > I have a question: > > WO describes technical patterns in his books and two weeks ago something scared me (because that was not clear to me until then): > He only shows charts that are weekly charts. > > So how should I look at a stock with Weekly and Daily Charts? > What if I can see a CWH with a daily chart but not in the weekly chart. > What to look for in the weekly chart and what to look for in the daily chart? > > So far I only looked on daily chart. > > Thanx > > Andreas > > > > - > -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: Sat, 8 Dec 2001 19:29:55 -0500 From: "Dan Forant" Subject: [CANSLIM] Troubles Ahead This is a multi-part message in MIME format. - ------=_NextPart_000_0009_01C1801E.B7404020 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Three reason's for an early recovery, 8 it's not. = http://moneycentral.msn.com/articles/invest/models/8175.asp?special=3Dmsn= . DanF - ------=_NextPart_000_0009_01C1801E.B7404020 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Three reason's for an early recovery, 8 = it's not.=20 http://moneycentral.msn.com/articles/invest/models/8175.asp?spe= cial=3Dmsn.
 
DanF
- ------=_NextPart_000_0009_01C1801E.B7404020-- - - - -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: Sat, 8 Dec 2001 18:38:53 -0600 From: "Norman" Subject: Re: [CANSLIM] Technical Stuff This is a multi-part message in MIME format. - ------=_NextPart_000_06CA_01C18017.9624C5C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Andreas, WON (or one of his minions) addressed this topic in a Q&A in November. "In a good base, must we see a handle form in the weekly chart or is it = OK to see it just in the daily chart? " A good, downward-slanting handle must span at least one week's worth of = trade. A handle that is less than five trading days long tends to be too = short and prone to failure. If the length of the cup or double-bottom = base is very long, the handle can stretch as much as seven to 10 weeks = or even more. So good handles tend to be visible both on a weekly and a = daily chart. Pay close attention to the action within the handle. Does = it drift lower, rather than fall sharply? Does it form on very quiet = volume on most or all of the days? If so, the handle has likely formed = correctly. Also, check to see if the handle was built within the top = half of the base. This means the stock has cleared most of the potential = overhead supply. It now has a better chance of breaking out to new = highs. Of course you can read more about it in the Learning Center at = investors.com :-) Norm - ----- Original Message -----=20 From: "Andreas Himmelreich" To: Sent: Saturday, December 08, 2001 1:49 PM Subject: [CANSLIM] Technical Stuff > Hello, >=20 > I have a question: >=20 > WO describes technical patterns in his books and two weeks ago = something scared me (because that was not clear to me until then): > He only shows charts that are weekly charts. >=20 > So how should I look at a stock with Weekly and Daily Charts? > What if I can see a CWH with a daily chart but not in the weekly = chart. > What to look for in the weekly chart and what to look for in the daily = chart? >=20 > So far I only looked on daily chart. >=20 > Thanx >=20 > Andreas >=20 >=20 >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. >=20 >=20 - ------=_NextPart_000_06CA_01C18017.9624C5C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Andreas,
 
WON (or one of his minions) addressed this topic in a Q&A in=20 November.
 
 
"In a good base, must we see a handle form in = the weekly=20 chart or is it OK to see it just in the daily chart? "
 
A good, downward-slanting handle must span at = least one=20 week's worth of trade. A handle that is less than five trading days long = tends=20 to be too short and prone to failure. If the length of the cup or = double-bottom=20 base is very long, the handle can stretch as much as seven to 10 weeks = or even=20 more. So good handles tend to be visible both on a weekly and a daily = chart. Pay close attention to the action within the handle. Does it = drift=20 lower, rather than fall sharply? Does it form on very quiet volume on = most or=20 all of the days? If so, the handle has likely formed correctly. Also, = check to=20 see if the handle was built within the top half of the base. This means = the=20 stock has cleared most of the potential overhead supply. It now has a = better=20 chance of breaking out to new highs.
 
 
Of course you can read more about it in the Learning Center at=20 investors.com :-)
 
Norm
 
----- Original Message -----=20
From: "Andreas Himmelreich" <judgejimmy@web.de>
To: <canslim@lists.xmission.com= >
Sent: Saturday, December 08, 2001 1:49 PM
Subject: [CANSLIM] Technical Stuff

> Hello,
>
> I have a question:
> =
>=20 WO describes technical patterns in his books and two weeks ago something = scared=20 me (because that was not clear to me until then):
> He only shows = charts=20 that are weekly charts.
>
> So how should I look at a stock = with=20 Weekly and Daily Charts?
> What if I can see a CWH with a daily = chart but=20 not in the weekly chart.
> What to look for in the weekly chart = and what=20 to look for in the daily chart?
>
> So far I only looked on = daily=20 chart.
>
> Thanx
>
> Andreas
>
> =
>=20
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In the=20 email body, write "subscribe canslim" or
> -"unsubscribe = canslim". =20 Do not use quotes in your email.
>
> - ------=_NextPart_000_06CA_01C18017.9624C5C0-- - - - -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: Sat, 8 Dec 2001 17:27:00 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] Technical Stuff I like to use weekly charts for "smoothing out" the chart formation. Many times the handle may look rather choppy but by looking at the weekly charts it gives a better perspective. If you can see a proper CWH or whatever in the daily, you will also see it in the weekly. If you don't see it in the weekly - its base is probubly too short. - -Bill - ----- Original Message ----- From: "Andreas Himmelreich" To: Sent: Saturday, December 08, 2001 11:49 AM Subject: [CANSLIM] Technical Stuff > Hello, > > I have a question: > > WO describes technical patterns in his books and two weeks ago something scared me (because that was not clear to me until then): > He only shows charts that are weekly charts. > > So how should I look at a stock with Weekly and Daily Charts? > What if I can see a CWH with a daily chart but not in the weekly chart. > What to look for in the weekly chart and what to look for in the daily chart? > > So far I only looked on daily chart. > > Thanx > > Andreas - - - -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: Sat, 8 Dec 2001 21:22:23 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] Re: AZO & HGS list Tim: Letting you go just before Christmas is really pretty crappy-if I weren't in the Stock Market, I'd call your previous employers, "Capitalist Running Dogs". You have my sympathies, and, perhaps, the consolation that at least you weren't "Enronized". jans In a message dated 12/8/2001 11:07:23 AM Eastern Standard Time, Tim@orerockon.com writes: << ...Encouraging from my POV but then next week's trading will probably tell the real story. My HGS list is below, FWIW. Now that I am unemployed (as of yesterday, guess they wanted to save $100 by booting me 2 hours before the Xmas party... >> - - - -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: Sat, 8 Dec 2001 19:31:13 -0700 From: "Patrick Wahl" Subject: [CANSLIM] O speaks Some O'Neil comments, towards the end of the article - http://www.thestreet.com/markets/aarontaskfree/10004970.html - - - -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: Sat, 8 Dec 2001 21:50:41 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] Technical Stuff Andreas:=20 That always bothered me also, as I understand your query: Do daily=20 charts translate into weeky formations (ie. can you see them both?); AND can= =20 weekly inform daily charts. I believe WON believes: YES. His conclusion is= =20 based on the fact that a stock which bases will base over a number of weeks=20 (ie. there will be a cup and a handle and each generally lasts, he says in=20 HTMMIS, P.152, for 3-6 months-the range being 7-65 weeks). In the Internet=20 go-go months, there weren't too many C&H that lasted weeks, the market was=20 moving too fast. As the bull begins to get its legs and grows, I believe we= =20 will see more C&H's as WON described them. This is from IBD.com Smart Investor of 9/28/01, and I believe it will b= e=20 of help: =20 "The Smart Investor, Friday, September 28, 2001, Use Weekly Charts In Tandem= =20 With Daily Charts=20 When you use a road map, you look at highways as well as streets. Much=20 the same way, smart investors use daily and weekly stock charts to get their= =20 bearings: The study of bases - the chart patterns that often presage=20 strong price gains - may be easier when you start with weekly charts. They=20 give you a wider, clearer scope of the stock=E2=80=99s price and volume hist= ory. At=20 Investor=E2=80=99s Business Daily=E2=80=99s Web site, investors.com, daily c= harts span up to=20 12 months, depending on monitor settings, and weekly charts cover as much as= =20 two years. The site=E2=80=99s IBD Charts include Relative Strength lines, wh= ich=20 compare the stock=E2=80=99s price action with the general market. Also shown= are 50-=20 and 200-day moving averages. Look for recent heavy volume weeks in which=20 the stock closes in the upper half of its price range for the week. This=20 often signals buying by institutional investors. Also study the weeks with=20 heavier-than-average volume. The weeks in which the stock closes higher=20 should outnumber the weeks when it closes lower. Daily charts provide a= =20 closer look. They [weekly] act like the street maps you=E2=80=99d use to fin= d a=20 specific address. With daily charts, you can better pinpoint buy=20 opportunities as stocks break out. Daily charts are also helpful in=20 making sell decisions. Beware of 1) stocks making new highs on low volume or= =20 2) little progress on higher volume. Or 3) stocks that fall on heavy volume.= =20 Watch for 4) stocks sinking below their 50- or 200-day moving averages. =20 Because they span a longer time frame, weekly charts can be better tools on=20 which to draw trend lines [ weekly chart can also be a better option for=20 identifying a late-stage base]. A stock that has fallen drastically=20 sometimes will encounter investors eager to sell as soon as [when] the stock= =20 returns to the level at which they bought. This overhead resistance can limi= t=20 future gains." jans In a message dated 12/8/2001 2:47:15 PM Eastern Standard Time,=20 judgejimmy@web.de writes: << WON describes technical patterns in his books and two weeks ago something= =20 scared me (because that was not clear to me until then): He only shows charts that are weekly charts. =20 So how should I look at a stock with Weekly and Daily Charts? What if I can see a CWH with a daily chart but not in the weekly chart. What to look for in the weekly chart and what to look for in the daily char= t? =20 So far I only looked on daily chart. >> - - - -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: Sat, 8 Dec 2001 20:54:00 -0600 From: "John Adair" Subject: RE: [CANSLIM]sequence for downloading from qp2 to excel This is a multi-part message in MIME format. - ------=_NextPart_000_0030_01C1802A.76267C60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Downloading to excel is very easy after the first time. Jennene at tec support at qp2 is the best tech I have ever encountered. if you need help call her. The things you can do once operational are unlimited. Good luck let me know if you are successful. Steps:1 open excel/ file /open/click the yellow box with the up arrow one time. Find the folder qp2 data highlight and open. Find the folder titled excel. There are a number of files here all of which are visual basic files which will down load from qp2 to excel but you must first highlight the one qp2 macros.xls. This loads the macros into excel. You wont have to use this one again. Now to get data into excel simply click the folder( in this same area-(excel in qp2data folder) price data and it will load the file into excel. Enter the symbol you desire into A1 cell and hit enter. Immediately you have about 530 days of data If its that old. Now from there you can add any thing you want to include such as have it tell you the mov average of price, % off mov average, is the close in the upper 1/3 of the range for the day, Did the price and volume both increase for each day all the way back. Did accumulation or distribution occur, is this a climax run, has rust set in, Is the momentum positive or negative . \I am going to program the rubber band into it next Please do not ask me to send you my ss as it wont go through. I think you should be familiar with excel if you are going to bet money on your findings based on this ss. If there is an error and you loose money it should be because you made the error not me - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Maycock Sent: Friday, December 07, 2001 11:27 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM]investors corner monday Hi: I have found the Excel link to Quotes Plus very useful. Quotes Plus (QP2) has several user-friendly features. On eof the main ones is an internal scanning feature whereby you can program screens based on the variables in the database. It does not do backtests, but will screen for almost any parameter or mathematical combination of parameters. In addition you can access the QP2 database through Excel using an .xla add-in. This gives you a diminished set of variables, but is still very useful. I think those better than I can actually program the .xla to access more data than originally provided for in QP2 but I may be wrong on that. But, it the data is a subscription service available at www.qp2.com . The folks there are friendly and there is a very helpful discussion group much like this one. John - --Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, December 07, 2001 6:13 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Rubberband Sell Rule Let me see if I understand. Within the QuotesPlus product, you can export data to Excel. So, you are not modifying Excel to gather the data through some lookup feature? Is it possible to update the Excel spreadsheet to go get the data from QuotesPlus? That's what I was assuming you were doing earlier. If QuotesPlus were a free feed, then this would be a great addition to the spreadsheet. Katherine - ----- Original Message ----- From: John Adair To: canslim@lists.xmission.com Sent: Friday, December 07, 2001 8:29 PM Subject: RE: [CANSLIM] Rubberband Sell Rule Hi Katherine, Quotes plus is a data feed for stock, indices, mutual funds It has many different searches and you can write your own. I find it very helpful but I still use metastock for most analysis. It has a link to excel allowing one to download almost any fundamental and several years data o,h,l,c,v,rs. And dump it into excel for what ever use you like. In this case I will allow excel to do this entry and calculation. John Adair - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, December 07, 2001 3:05 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Rubberband Sell Rule John, Beyond simple formulas in Excel, I don't know much. Haven't written any macros for about 10 years and many versions ago, so was glad to hear of your enhancement. Is this something that you can update in the spreadsheet itself and repost? Also, as I don't know Quotes Plus, is this a free or paid feed? Katherine - ----- Original Message ----- From: John Adair To: canslim@lists.xmission.com Sent: Friday, December 07, 2001 3:18 PM Subject: RE: [CANSLIM] Rubberband Sell Rule Thanks I download the daily price for 2 years into excel from quotes plus and so an analysis automatically. I will add this ss to the analysis instead of loading each item individually. There is a part of quotes plus that has a vb file you can do a lot of things like this with your data. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Friday, December 07, 2001 12:49 PM To: CANSLIM List Posting Subject: [CANSLIM] Rubberband Sell Rule Here's a quick Excel spreadsheet for calculating triggers for stocks you may own. Enter, stock, recent base low, 50 dMA, 100 dMA and current Price. Katherine - ------=_NextPart_000_0030_01C1802A.76267C60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Downloading to excel is very easy after the first time. Jennene = at tec support at qp2 is the best  = tech I have ever encountered. if you need help call her. The things you can do = once operational are unlimited.  Good luck let me know if you are = successful.

Steps:1 open excel/ file /open/click the yellow box with the up arrow  one time. Find the = folder qp2 data highlight and open. Find the folder titled excel. There are a = number of  files here all of = which are visual basic files which will down load from qp2 to excel but you must = first highlight the one qp2 macros.xls. This loads the macros into excel. You = wont have to use this one again. Now    to get data into excel simply click the = folder( in this same area-(excel in qp2data folder) price data and it will load the file into excel. Enter = the symbol you desire into A1 cell and hit enter. Immediately you have about = 530 days of data If its that old. Now from there you can add any thing you = want to include such as have it tell you the mov average of price,  % off mov average, is the close = in the upper 1/3 of the range for the day, Did the price and volume both = increase for each day all the way back. Did accumulation or distribution occur, is = this a climax  run, has rust set = in, Is the momentum positive or negative .

\I am going to program the rubber band into it  next

Please do not   = ask me to send you my ss as it wont go through. I think you should be familiar = with excel if you are going to bet money on your findings based on this ss. If = there is an error and you loose money it should be because you made the error not = me

 

-----Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Maycock
Sent: Friday, December = 07, 2001 11:27 PM
To: = canslim@lists.xmission.com
Subject: RE: = [CANSLIM]investors corner monday

 

Hi:

I have found the Excel link to Quotes Plus = very useful. Quotes Plus (QP2) has several user-friendly features. On eof the = main ones is an internal scanning feature whereby you can program screens = based on the variables in the database. It does not do backtests, but will screen = for almost any parameter or mathematical combination of = parameters.

 

In addition you can access the QP2 database = through Excel using an .xla add-in. This gives you a diminished set of = variables, but is still very useful. I think those better than I can actually program = the .xla to access more data than originally provided for in QP2 but I may be = wrong on that.

 

But, it the data is a subscription service = available at www.qp2.com. The folks there are = friendly and there is a very helpful discussion group much like this = one.

 

John

 

--Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Friday, December = 07, 2001 6:13 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Rubberband Sell Rule

 <= /p>

Let me see if I understand. Within the QuotesPlus product, you can export data = to Excel. So, you are not modifying Excel to gather the data through some = lookup feature?<= /p>

 <= /p>

Is it possible to update the Excel spreadsheet to go get the data from = QuotesPlus? That's what I was assuming you were doing earlier. If QuotesPlus were a = free feed, then this would be a great addition to the = spreadsheet.<= /p>

 <= /p>

Katherine= <= /p>

----- Original Message -----

<= /p>

 

To: canslim@lists.xmission.com

Sent: Friday, = December 07, 2001 8:29 PM

Subject: RE: [CANSLIM] Rubberband Sell Rule

 <= /p>

Hi= Katherine,

Qu= otes plus is a data feed for stock, indices, mutual funds It has many = different searches and you can write your own. I find it very helpful but I still = use metastock for most analysis. It has a link to excel allowing one to  download almost any = fundamental and  several years data o,h,l,c,v,rs.  And dump it = into excel for what ever use you like. In this case I will allow excel = to   do this entry and = calculation.

Jo= hn Adair

&n= bsp;

-----Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Friday, December = 07, 2001 3:05 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Rubberband Sell Rule

 <= /p>

John,

 <= /p>

Beyond simple formulas in Excel, I don't know much. Haven't written any macros for about 10 years and many versions ago, so was glad = to hear of your enhancement. Is this something that you can update in the spreadsheet itself and repost? Also, as I don't know Quotes Plus, is = this a free or paid feed?

 <= /p>

Katherine

----- Original Message -----

<= /p>

 <= /p>

 

To: canslim@lists.xmission.com

Sent: Friday, = December 07, 2001 3:18 PM

Subject: RE: [CANSLIM] Rubberband Sell Rule

 <= /p>

Thanks =

I download the daily = price for 2 years into excel from quotes plus and so an analysis = automatically. I will add this ss to the analysis instead of loading each item = individually.  There is a part of quotes plus = that has a vb file  you can do a = lot of things like this with your data.

 

-----Original Message-----
From: owner-canslim@lists.xmis= sion.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Friday, December = 07, 2001 12:49 PM
To: CANSLIM List = Posting
Subject: [CANSLIM] = Rubberband Sell Rule

 <= /p>

Here's a quick Excel spreadsheet for calculating triggers = for stocks you may own.

 <= /p>

Enter, stock, recent base low, 50 dMA, 100 dMA and current = Price.<= /p>

 <= /p>

Katherine

- ------=_NextPart_000_0030_01C1802A.76267C60-- - - - -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 #1907 ****************************** 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.