Bill,

You can download the free trial = version and run it with the 2002 data.=A0 = The trailing twelve month performance (from 11/28/2001 through 11/29/2002) is - -15.9 %.=A0 The buy-and-hold = performance for that same time frame is -23.1 %.

Curt =A0=A0

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Bill King
Sent: = Tuesday, November 26, = 2002 12:53 PM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = Volume and CWH (was M)

Hi Katherine,

Once again, thanks for the useful info/links. I was = impressed=A0 with the Market-tester. It looks = like a useful tool. He didn’t show any examples of 2002. Did he predict = the FTD and recommend reentering the market? Does his software need a real-time = data feed?

Bill King

-----Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: = Tuesday, = November 26, 2002 = 9:46 = AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Volume and CWH (was M)

Hi = Curt,

I'm of a mind that simple is better when it comes to reading charts, and as with most = things it just takes practice to become proficient, just as you suggested. I = still "practice" every day. One of the things I like so much about = the CANSLIM list is that people will often bring up stocks that I personally = have glossed over, but I use their mention of a stock to practice reading the = chart more closely. As chart reading is such a visual process, I think = anything that helps interpret the price/volume action is helpful. I'm fairly purist, = and stick to the simplest of indicators, but I find that the pattern of the = Up/Down volume helps summarize the recent action. As this is a simple ratio of = volume on up days to volume on down days over the last 50 days, it's not a = perfect indicator, but it helps "see" the P/V action a little = differently.

I've used the IWM ETF as a proxy for the Russell 2000 so that you can see what I mean. = See it at:

http://Wallstree= t-LLC.com/canslim/IWM112202.JPG

Another tool I use extensively and that I like very much is Bill Lee's Excel = spreadsheet. It's designed to help you read the market, but can also be used to "read" any individual stock. Each accumulation and = distribution day is marked with a color and is *very* easy to see patterns of = accumulation and distribution (yellow/orange/red for distribution, green for = accumulation). See the last year of the NASDAQ and you can see what I mean....plenty of red = most of the year, but plenty of green while the Naz built the right side of = the cup. See a sample at:

http://Wallst= reet-LLC.com/canslim/NASDAQ112202.JPG. Bill's product is a moderately priced shareware program and I have no = business affiliation with him....just a happy customer. Read more about his tool = at http://www.market-tester.com

Katherine=

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

From: Curt = Corley

To: canslim@lists.xmission.com

Sent: = Friday, = November 22, 2002 = 8:30 = PM

Subject: [CANSLIM] Volume and CWH (was M)

Katherine,

Thanks for your input.=A0 Your help is invaluable.=A0 I looked at the = indices in TC2000 with MoneyStream and Time Segmented Volume. =A0I looked at the NASDAQ, = S&P-500, and Russell 2000.=A0 Here’s = what I found on all 3 charts.

CMS:

MoneyStream stayed above it’s linear regression line on the left side of the = cup, on the right side of the cup, and during the BO.=A0 However, it stayed below the linear regression line along the = bottom of the cup and during the handle formation.

TSV:

TSV stayed mainly above the center line during the left-side of the = cup.=A0 Toward the bottom of the cup, TSV = plunged way below the zero line.=A0 On the = right side of the cup, TSV shot high above the center line again.=A0 During the handle formation and = the BO, TSV dipped down and back up again.

I guess this is supposed to tell me that volume supported the price action = because there were no divergences.=A0 = Since you mentioned Accumulation/Distribution, I probably should have looked at On Balance Volume and/or Balance of Power.=A0 However, I haven’t had much success with those indicators = in the past.

I’m trying to become more proficient at chart reading, and you’re = certainly helping a great deal along with other members of this list.=A0 Once again, thank you very = much.

Cheers,

Curt

-----Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: = Thursday, = November 21, 2002 = 10:58 = PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = M

Hi = Curt,

I = don't think when you're looking at patterns on major indexes such as the NASDAQ that = the pattern of volume would be used in the same way that it is on an = individual stock. My take on it is simply that an index represents a huge number of individual stocks, and while the general price pattern will indicate a = reversal of a trend or a general shift in psychology and pattern of buying and = selling in the market, the volume doesn't really tell you the same story as it = does in an individual stock. In other words, I think that it's more important to = look for a pattern of accumulation outpacing distribution (up days on higher = volume than the previous day vs. down days on higher volume), than it is to = look for the "bathtub" volume pattern that one would use on an = individual stock.

Katherine=

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

From: Curt = Corley

To: canslim@lists.xmission.com

Sent: = Thursday, = November 21, 2002 = 6:27 = PM

Subject: RE: [CANSLIM] M

I’m glad you mentioned the General Markets & Sectors commentary in today’s IBD.=A0 I looked = at the charts, and they did not appear to have rising volume on the sides of = the cups.=A0 As a matter of fact, = the heaviest volume days were at the very bottom of the cup.=A0 I don’t think the indices have shown great cwh characteristics.=A0 However, = I’m a novice at this stuff, so I would appreciate any criticism or validation = of my view.=A0 =

Curt

-----Original Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short
Sent: = Thursday, = November 21, 2002 = 3:11 = PM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = M

Speaking of handles- what are peoples' thoughts on WON's comment from this = morning about the NASDAQ forming a cup and handle? Volume in the handle seems a bit "imperfect" but I don't want to be the one to rain on the = parade!