From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3341 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 Thursday, May 29 2003 Volume 02 : Number 3341 In this issue: RE: [CANSLIM] BO, too fast too much Re: [CANSLIM] Mid Week Analysis Re: [CANSLIM] Mid Week Analysis [CANSLIM] CANSLIM.NET 5-28-2003 [CANSLIM] Fw: Amateur Investors Daily Breakout Report RE: [CANSLIM] BO, too fast too much ---------------------------------------------------------------------- Date: Thu, 29 May 2003 08:51:41 -0700 (PDT) From: Tomas Subject: RE: [CANSLIM] BO, too fast too much I would like to back up Eric's statement. I stumble on cwhcharts.com when I first started, and it has helped me out quite a bit. I am currently not a member (maybe later after I do the leg work and learn everything manually first). However, I have been using their charts and CS evaluator, and those tools are great. My hats off to Katherine and Mike G. for their great job. tomas - --- Eric Jaenike wrote: > Katherine and all- > I for one think you should be publicizing > cwhcharts.com more, not less. Because you are > conservative about doing that, let me take this > opportunity to do it for you. I've looked through > the site, and think it is an excellent resource, > both for watch lists generation and analysis. Even > if you find only one trade off that service per > year, you will recoup the cost, and probably quite a > bit more. > > I have no affiliation with that site nor with > Katherine. I just like the work. > > Eric > > Katherine Malm wrote: > Hi Jeff, > > The breakout alert service (cwhcharts.com) is one > that Mike Gibbons and I > developed. My posts here on the list are as an > individual CANSLIM investor, > so while I mention the service in my reply to Tomas > in order to give a > complete overview of the options, you can probably > understand why I didn't > mention it by name. > > See it at www.cwhcharts.com. I've recently written a > new "How to Use our > Site" tutorial that gives an overview of using the > service in either a 10 or > 20 minute a day approach. See it by clicking on the > "How to..." menu at the > site. It shows how we compile the daily watchlists, > provide due diligence > info (Canslim Evaluator, Industry Charts, list of > Industry Components, > etc.), and generate the intraday alerts themselves. > > We make some of the components, such as the our > general charts (with RSRank, > U/D ratio, RSLine plotted over time) and the Canslim > Evaluator (and imbedded > links to our Industry charts and components), > available to the CANSLIM list > members in limited use as a thanks to those who > contribute here. You can > also access the forums where there are more general > tutorials on subjects > such as using RSLines, etc. > > For the CANSLIM list members: > Charts link: > http://www.cwhcharts.com/charts/kmchart.php > Canslim Evaluator link: > http://www.cwhcharts.com/canslim/ > > You'll notice I use my own charts when annotating my > analysis of a stock. > That's something Mike developed for me (even before > I joined the site) after > DailyGraphs Online (DGO) threatened me with legal > action for making original > annotations on *their* charts and posting them here > on the public CANSLIM > list. Necessity is ever the mother of invention! > That's also our motivation > to make our charts available to members here, so > that they can feel to use > them and annotate them to their heart's content > without fear of retribution. > > If you have any specific questions, please be sure > to take them offlist. > > Katherine > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of jeffwdc > Sent: Wednesday, May 28, 2003 4:22 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] BO, too fast too much > > > Hi Katherine, > > Thanks for all the info. you published over the > weekend! > > You mention a Breakout Alert Service. May I ask the > name of this service? I'm not ready to subscribe, > but > it would be nice to know for the future. > > Best Regards, jeff gasta > > --- Katherine Malm wrote: > > Hi Tomas, > > > > I think there are a few different options if you > > can't monitor the market > > intraday. > > > > These require that you first select the stocks > that > > you want to monitor for > > breakout, so if something moves that was not on > your > > radar, then you will > > not see it: > > > > (1) As Bill suggested, set up a buy stop/limit > > order. This will be executed > > based on price, so you still have to check in > > sometime before the end of the > > day to ensure that the volume requirements were > also > > met. If not, then you > > have to be willing to sell the position. > > > > (2) Use an alert system (broker based or stand > > alone) that allows you set > > price alerts and then sends them to your phone, > text > > based pager or wireless > > PDA. You have to preset the stocks you wish to > > monitor and you will have to > > be able to interrupt your business at hand to > check > > in on the market and > > make the trade if the projected volume is > > sufficient. > > > > (3) Check in on the market at lunch. If the stocks > > you are watching are > > nearing a breakout at that point, place a market > > order or a buy stop/limit > > order. If using a buy stop then you'll need to > check > > actual volume at day's > > end and sell if necessary as with option 1. > > > > This allows you to look for possible breakouts, > even > > if the stock wasn't > > originally on your radar. The easiest way to find > > these is to look for > > stocks that close up on the day on volume >=150% > of > > ADV (either by using the > > "Where the Big Money is Flowing" or a technical > > program that lets you scan > > for stocks): > > > > (4) Wait until day's end to find stocks that have > > broken out and are still > > within range (<5%). Advantage is that you will be > > able to see the actual > > volume in order to confirm the BO. The > disadvantage, > > as you noted is that > > the stock may very well be extended beyond the > > buying range and you'll have > > to pass and/or wait to see if it pulls back and > > provides a second chance > > entry. > > > > This last option does not require that you already > > have a stock on your > > radar in order to see an attempted breakout > > intraday: > > > > (5) Use a breakouts alert service (there's only > one) > > that automatically > > sends out an intraday alert when a stock in a > basing > > pattern is breaking > > out. This can go to your email, text based pager > or > > wireless PDA address. > > The advantage over any of the other options is > that > > you do not have to seek > > out the stock in question to determine if it is > > setting up and when/if it > > attempts an intraday breakout, you will be > notified. > > As with option 1, > > however, the intraday alerts are based on > projected > > volume, so if you choose > > to execute an order and end of day volume does not > > pan out, you'll have to > > be willing to sell the position. Alternately, you > > can wait until near > === message truncated === __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.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. ------------------------------ Date: Thu, 29 May 2003 12:00:16 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] Mid Week Analysis This is a multi-part message in MIME format. - ------=_NextPart_000_02C6_01C325D9.DE916F70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hey, not bad.... achieved guru status and had 'my work' praised by Mike = Gibbons....=20 However, The Mid Week Analysis is the work of http://www.amateur-investors.com/ = and not mine. I just cut and pasted the link with their introductory = paragraph and didn't notice or take heed of their my or ours = lead-in...... and since I didn't modify it in any way, you got to see it = as received. I am not in 'the business' nor do I receive any = compensation from them (or any other organization)... Just a happy = camper that's made money from stocks that they brought to my = attention.... and wanted to share one of the tools that I use... You might want to look at them in more detail. There is a 2-week free trial AND they are running a 50% off through the = end of May.... about 10 bucks a month. Here's what they supply: A Premium Membership includes our Stocks to Watch List which provides a = list of Stocks that are exhibiting favorable Chart Patterns along with = specific Buy and Stop Loss Prices. Also you will receive our Daily Breakout Report by email which Alerts = you to Stocks that are breaking out of a favorable Chart Pattern. Not convinced of the value of our service here are some Stocks we = featured back in early to mid March along with their performance since = then. Symbol Date Featured Chart Pattern Initial Price Highest Price through 5/1 Gain=20 AAI 3/8/03 Cup/Handle 6.05 7.94 31%=20 AGAM 3/8/03 Cup/Handle 6.43 9.50 48%=20 CLZR 3/8/03 Cup/Handle 8.50 11.66 37%=20 EXLT 3/8/03 Cup/Handle 7.00 8.79 26%=20 PRA 3/8/03 Cup/Handle 22.80 26.68 17%=20 ROCM 3/8/03 Cup/Handle 9.16 11.47 25%=20 WRC 3/8/03 Cup/Handle 21.05 NA Stop Loss=20 AMZN 3/15/03 Cup/Handle 24.71 29.19 18%=20 IIVI 3/15/03 Cup/Handle 18.02 19.65 9%=20 NFLX 3/15/03 Cup/Handle 16.55 24.69 49%=20 OPTC 3/15/03 Cup/Handle 7.15 12.49 75%=20 OVTI 3/15/03 Double Bottom 21.18 26.95 27%=20 WFR 3/15/03 Cup/Handle 9.45 12.90 37%=20 YHOO 3/15/03 Cup/Handle 20.69 26.25 27%=20 Best, Gene ----- Original Message -----=20 From: Pritish Shah=20 To: canslim@lists.xmission.com ; tomas986@yahoo.com=20 Sent: Thursday, May 29, 2003 10:02 AM Subject: Re: [CANSLIM] Mid Week Analysis Tomas, Gene said a small two "week" handle. I first mis-read it to be a small = two "day" handle. Gene -- a recommendation: if you use weekly charts, stick with weekly = charts on all stocks. If you use daily charts, then use daily charts on = all stocks. This is less confusing for the reader. It is not your fault = - -- it is the reader and you have to dumb it down for us novices.=20 Regards, Pritish >>> tomas986@yahoo.com 05/28/03 11:41PM >>> Gene, I do not agree with your analysis of APPX. To me, the pivot point was on 5/5 and it has a 6 days handle that initially drifted down. There was a shakeout day 5/8 during the handle. After today's big dip, I am doing a post analysis of the chart and everything looks ok (except for today).=20 With all these news/rumors around, what sure what is going on. just my $.02, tomas --- Gene Ricci wrote: >=20 >=20 > My latest Mid Week Analysis is at > http://www.amateur-investors.com/AII_Mid_Week_Analysis5_28_03.htm=20 >=20 > Amateur-Investors.Com >=20 __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com=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. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_02C6_01C325D9.DE916F70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hey, not bad.... achieved guru status = and had=20 'my work' praised by Mike Gibbons....
 
However,
 
The Mid Week Analysis is the work of = http://www.amateur-investors.c= om/ and=20 not mine. I just cut and pasted the link with their introductory=20 paragraph and didn't notice or = take heed=20 of their my or ours lead-in...... and since I didn't modify it in any = way, you=20 got to see it as received.  I am not in 'the business' nor do I = receive any=20 compensation from them (or any other organization)... Just a happy=20 camper that's made money from stocks that they brought to my = attention....=20 and wanted to share one of the tools that I use...
 
You might = want to=20 look at them in more detail.
 
There is a 2-week free trial AND = they are=20 running a 50% off through the end of May.... about 10 bucks a month. Here's what they=20 supply:
 
A Premium Membership includes our Stocks to Watch List which = provides a list of Stocks that are exhibiting favorable Chart Patterns = along=20 with specific Buy and Stop Loss Prices.

Also you will receive our Daily Breakout Report by email which = Alerts you to Stocks that are breaking out of a favorable Chart=20 Pattern.

Not convinced of the value of our service here are some Stocks we = featured=20 back in early to mid March along with their performance since then.

Symbol Date
Featured		 Chart
Pattern		 Initial
Price		 Highest Price through 5/1 Gain
AAI 3/8/03 Cup/Handle 6.05 7.94 31%
AGAM 3/8/03 Cup/Handle 6.43 9.50 48%
CLZR 3/8/03 Cup/Handle 8.50 11.66 37%
EXLT 3/8/03 Cup/Handle 7.00 8.79 26%
PRA 3/8/03 Cup/Handle 22.80 26.68 17%
ROCM 3/8/03 Cup/Handle 9.16 11.47 25%
WRC 3/8/03 Cup/Handle 21.05 NA Stop = Loss
AMZN 3/15/03 Cup/Handle 24.71 29.19 18%
IIVI 3/15/03 Cup/Handle 18.02 19.65 9%
NFLX 3/15/03 Cup/Handle 16.55 24.69 49%
OPTC 3/15/03 Cup/Handle 7.15 12.49 75%
OVTI 3/15/03 Double = Bottom 21.18 26.95 27%
WFR 3/15/03 Cup/Handle 9.45 12.90 37%
YHOO 3/15/03 Cup/Handle 20.69 26.25 27%

Best,
Gene
 
----- Original Message -----
From:=20 Pritish = Shah
To: canslim@lists.xmission.com= ; tomas986@yahoo.com
Sent: Thursday, May 29, 2003 = 10:02=20 AM
Subject: Re: [CANSLIM] Mid Week = Analysis

Tomas,

Gene said a small two "week" handle. I = first=20 mis-read it to be a small two "day" handle.

Gene -- a = recommendation:=20 if you use weekly charts, stick with weekly charts on all stocks. If = you use=20 daily charts, then use daily charts on all stocks. This is less = confusing for=20 the reader. It is not your fault -- it is the reader and you have to = dumb it=20 down for us novices.

Regards,
Pritish

>>> = tomas986@yahoo.com 05/28/03 = 11:41PM=20 >>>
Gene,

I do not agree with your analysis of = APPX. =20 To me, the
pivot point was on 5/5 and it has a 6 days handle=20 that
initially drifted down.  There was a shakeout day = 5/8
during=20 the handle.

After today's big dip, I am doing a post analysis = of
the=20 chart and everything looks ok (except for today).
With all these=20 news/rumors around, what sure what is
going on.

just my=20 $.02,
tomas
--- Gene Ricci <genr@swbell.net> wrote:
> =
>=20
> My latest Mid Week Analysis is at
>
http://www.amateur-investors.com/AII_Mid_Week_Analysis5_28_03.htm=20
>
> Amateur-Investors.Com
>=20


__________________________________
Do you = Yahoo!?
Yahoo!=20 Calendar - Free online calendar with sync to Outlook(TM).
http://calendar.yahoo.com=20

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your email.
- ------=_NextPart_000_02C6_01C325D9.DE916F70-- - - - -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: Thu, 29 May 2003 10:15:48 -0700 (PDT) From: Bill Triffet Subject: Re: [CANSLIM] Mid Week Analysis - ------=_Part_4998_2378489.1054228511857 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Very nice work Gene. As far as APPX goes, it just goes to show the importance of a good handle with the DB. I remember back in the late 90's you could just about grab any DB without a handle and make money. It's not that way today. I've been using hard/moving stops on every buy this year. Too many failed breakouts earlier this year. - -- Bill >My latest Mid Week Analysis is at http://www.amateur->investors.com/AII_Mid_Week_Analysis5_28_03.htm >Amateur-Investors.Com - ------=_Part_4998_2378489.1054228511857 Content-Type: TEXT/HTML; name=MESSAGE.HTML; charset=iso-8859-1 Content-Transfer-Encoding: 7bit Content-Disposition: attachment; filename=MESSAGE.HTML

 
Amateur-Investors.Com
- ------=_Part_4998_2378489.1054228511857-- - - - -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: Thu, 29 May 2003 12:29:01 -0400 From: "Charles & Lois Layne" Subject: [CANSLIM] CANSLIM.NET 5-28-2003 I thought Mr. Taulman's comment on the current market's characteristics of interest to CS fans. Chuck Layne CLOSING MARKET Commentary Major Indices Holding onto Gains Stubbornly By James Taulman, Managing Editor & the staff of - CANSLIM.net News On Wednesday the Dow Industrials closed up 11.77 points or +0.13% to 8,793.12, the bellwether S&P 500 Index ended up 1.74 points or +0.18% closing at 953.22, and the Nasdaq Composite was up 6.55 points or +0.42% closing at 1,563.24. New York Stock Exchange trading volume decreased about 2% from the prior session total to 1.50 billion shares, with advancers leading decliners 1,914 to 1,377 while there were 320 new 52-week highs and 7 new lows. Nasdaq trading volume increased 5% from the prior session total to 2.03 billion shares with advancers leading decliners 1,900 to 1,352while there were 285 new 52-week highs and 11 new lows. There were 64 high-ranked Leaders List stocks that traded to new 52-week highs and appeared on the CANSLIM.net BreakOuts page.... An important characteristic of the market's latest rally is that it is featuring more high-ranked leaders breaking out from bullish chart patterns. For any rally to be sustainable there needs to be a steady supply of emerging leaders with the right fundamental and technical qualities. While all companies stand to benefit from an improving economic environment, most former leaders are still trying to work their way back up through a lot of resistance. It is wise to study and get more familiar with the leading issues which are found among those stocks that are the first to be breaking out to new highs at the start of a new rally. - - - -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: Thu, 29 May 2003 20:20:19 -0500 From: "Gene Ricci" Subject: [CANSLIM] Fw: Amateur Investors Daily Breakout Report This is a multi-part message in MIME format. - ------=_NextPart_000_0013_01C3261F.B9A89260 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable FYI, Gene Daily Breakout Report is at = http://www.amateur-investors.com/Daily_Breakout_Report_5_29_03.htm Amateur-Investors.Com - ------=_NextPart_000_0013_01C3261F.B9A89260 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
FYI,
Gene
 
Daily Breakout Report is at http://www.amateur-investors.com/Daily_Breakout_Report_5_29_03.htm=
 
Amateur-Investors.Com
- ------=_NextPart_000_0013_01C3261F.B9A89260-- - - - -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: Thu, 29 May 2003 22:32:00 -0400 From: Roger Tawa Subject: RE: [CANSLIM] BO, too fast too much Hi Eric, I think Katherine and Mike do not promote their site on this email list because that would be against the rules of the list. However, being a satisfied subscriber to cwhcharts.com, I would like to say a few words of my experience using it. Their charts are simple and to the point, and geared especially for canslimers. Nothing more, nothing less, only what you need. I think this is important when you try to concentrate on what is really essential. As for the CE, its more than just a "score". The is a web page that puts all of the most pertinent canslim-related info in one place. You can probably put together all the info you find here from free sources on the net, but you probably save an order of magnitude time and effort using the CE. I also like the "reverse" approach, which is to find CwH charts first, and then examine the fundies. It seems to me (but I'm a newbie) that the more standard approach is to look for stocks with great fundies, and then wait for them to form CwHs. Again, I think this reverse approach is a big time saver, but you need to see if it suites your investment style. For me, the bottom line is a question of time vs money. Yes it costs me some dollars, but the huge time savings is worth the cost. ================================================= Roger Tawa http://tawacentral.net/ [One thing about paradigms: shift happens.] [When you stop, you're done.] -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tomas Sent: Thursday, May 29, 2003 11:52 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] BO, too fast too much I would like to back up Eric's statement. I stumble on cwhcharts.com when I first started, and it has helped me out quite a bit. I am currently not a member (maybe later after I do the leg work and learn everything manually first). However, I have been using their charts and CS evaluator, and those tools are great. My hats off to Katherine and Mike G. for their great job. tomas - --- Eric Jaenike wrote: > Katherine and all- > I for one think you should be publicizing > cwhcharts.com more, not less. Because you are > conservative about doing that, let me take this > opportunity to do it for you. I've looked through > the site, and think it is an excellent resource, > both for watch lists generation and analysis. Even > if you find only one trade off that service per > year, you will recoup the cost, and probably quite a > bit more. > > I have no affiliation with that site nor with > Katherine. I just like the work. > > Eric > > Katherine Malm wrote: > Hi Jeff, > > The breakout alert service (cwhcharts.com) is one > that Mike Gibbons and I > developed. My posts here on the list are as an > individual CANSLIM investor, > so while I mention the service in my reply to Tomas > in order to give a > complete overview of the options, you can probably > understand why I didn't > mention it by name. > > See it at www.cwhcharts.com. I've recently written a > new "How to Use our > Site" tutorial that gives an overview of using the > service in either a 10 or > 20 minute a day approach. See it by clicking on the > "How to..." menu at the > site. It shows how we compile the daily watchlists, > provide due diligence > info (Canslim Evaluator, Industry Charts, list of > Industry Components, > etc.), and generate the intraday alerts themselves. > > We make some of the components, such as the our > general charts (with RSRank, > U/D ratio, RSLine plotted over time) and the Canslim > Evaluator (and imbedded > links to our Industry charts and components), > available to the CANSLIM list > members in limited use as a thanks to those who > contribute here. You can > also access the forums where there are more general > tutorials on subjects > such as using RSLines, etc. > > For the CANSLIM list members: > Charts link: > http://www.cwhcharts.com/charts/kmchart.php > Canslim Evaluator link: > http://www.cwhcharts.com/canslim/ > > You'll notice I use my own charts when annotating my > analysis of a stock. > That's something Mike developed for me (even before > I joined the site) after > DailyGraphs Online (DGO) threatened me with legal > action for making original > annotations on *their* charts and posting them here > on the public CANSLIM > list. Necessity is ever the mother of invention! > That's also our motivation > to make our charts available to members here, so > that they can feel to use > them and annotate them to their heart's content > without fear of retribution. > > If you have any specific questions, please be sure > to take them offlist. > > Katherine > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of jeffwdc > Sent: Wednesday, May 28, 2003 4:22 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] BO, too fast too much > > > Hi Katherine, > > Thanks for all the info. you published over the > weekend! > > You mention a Breakout Alert Service. May I ask the > name of this service? I'm not ready to subscribe, > but > it would be nice to know for the future. > > Best Regards, jeff gasta > > --- Katherine Malm wrote: > > Hi Tomas, > > > > I think there are a few different options if you > > can't monitor the market > > intraday. > > > > These require that you first select the stocks > that > > you want to monitor for > > breakout, so if something moves that was not on > your > > radar, then you will > > not see it: > > > > (1) As Bill suggested, set up a buy stop/limit > > order. This will be executed > > based on price, so you still have to check in > > sometime before the end of the > > day to ensure that the volume requirements were > also > > met. If not, then you > > have to be willing to sell the position. > > > > (2) Use an alert system (broker based or stand > > alone) that allows you set > > price alerts and then sends them to your phone, > text > > based pager or wireless > > PDA. You have to preset the stocks you wish to > > monitor and you will have to > > be able to interrupt your business at hand to > check > > in on the market and > > make the trade if the projected volume is > > sufficient. > > > > (3) Check in on the market at lunch. If the stocks > > you are watching are > > nearing a breakout at that point, place a market > > order or a buy stop/limit > > order. If using a buy stop then you'll need to > check > > actual volume at day's > > end and sell if necessary as with option 1. > > > > This allows you to look for possible breakouts, > even > > if the stock wasn't > > originally on your radar. The easiest way to find > > these is to look for > > stocks that close up on the day on volume >=150% > of > > ADV (either by using the > > "Where the Big Money is Flowing" or a technical > > program that lets you scan > > for stocks): > > > > (4) Wait until day's end to find stocks that have > > broken out and are still > > within range (<5%). Advantage is that you will be > > able to see the actual > > volume in order to confirm the BO. The > disadvantage, > > as you noted is that > > the stock may very well be extended beyond the > > buying range and you'll have > > to pass and/or wait to see if it pulls back and > > provides a second chance > > entry. > > > > This last option does not require that you already > > have a stock on your > > radar in order to see an attempted breakout > > intraday: > > > > (5) Use a breakouts alert service (there's only > one) > > that automatically > > sends out an intraday alert when a stock in a > basing > > pattern is breaking > > out. This can go to your email, text based pager > or > > wireless PDA address. > > The advantage over any of the other options is > that > > you do not have to seek > > out the stock in question to determine if it is > > setting up and when/if it > > attempts an intraday breakout, you will be > notified. > > As with option 1, > > however, the intraday alerts are based on > projected > > volume, so if you choose > > to execute an order and end of day volume does not > > pan out, you'll have to > > be willing to sell the position. Alternately, you > > can wait until near > === message truncated === __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.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. ------------------------------ End of canslim-digest V2 #3341 ****************************** 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.