From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3388 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 24 2003 Volume 02 : Number 3388 In this issue: Re: [CANSLIM] Trailing Stops Re: [CANSLIM] Sounds like inflation ahead to me! Re: [CANSLIM] O.T: Sounds like inflation ahead to me! RE: [CANSLIM] When to Sell [CANSLIM] 50dMA as a sell sign, MVL Re: [CANSLIM] 50dMA as a sell sign, MVL Re: [CANSLIM] 50dMA as a sell sign, MVL RE: [CANSLIM] 50dMA as a sell sign, MVL RE: [CANSLIM] 50dMA as a sell sign, MVL RE: [CANSLIM] 50dMA as a sell sign, MVL ---------------------------------------------------------------------- Date: Mon, 23 Jun 2003 20:37:29 -0400 From: "Jeff Mulder" Subject: Re: [CANSLIM] Trailing Stops This is a multi-part message in MIME format. - ------=_NextPart_000_00E5_01C339C7.43D93790 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable See Van Tharp's "Trade Your Way To Financial Freedom." It covers ATR as = one effective method for determining stops. One chapter presents a = profitable strategy that combines random entry with trailing stops = determined by ATR. - - Jeff ----- Original Message -----=20 From: jmp23834=20 To: canslim@lists.xmission.com=20 Sent: Thursday, June 19, 2003 8:48 AM Subject: [CANSLIM] Trailing Stops Does anyone use a trailing stop based on ATR? I am currently using 3 = times the 5 day ATR and wonder if this is too loose or too tight for = CANSLIM stocks. JP - ------=_NextPart_000_00E5_01C339C7.43D93790 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

See Van Tharp's "Trade Your Way To = Financial=20 Freedom." It covers ATR as one effective = method for determining=20 stops. One chapter presents a profitable strategy that = combines=20 random entry with trailing stops determined by ATR.

- Jeff

----- Original Message -----
From:=20 jmp23834=20
To: canslim@lists.xmission.com=

Sent: Thursday, June 19, 2003 = 8:48=20 AM

Subject: [CANSLIM] Trailing = Stops

Does anyone use a trailing stop based = on ATR? I=20 am currently using 3 times the 5 day ATR and wonder if this is too = loose or=20 too tight for CANSLIM stocks.

JP

- ------=_NextPart_000_00E5_01C339C7.43D93790-- - - - -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, 23 Jun 2003 20:31:30 -0400 From: "Jeff Mulder" Subject: Re: [CANSLIM] Sounds like inflation ahead to me! This is a multi-part message in MIME format. - ------=_NextPart_000_00CE_01C339C6.6DF13CE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable << Heard about the new gold ETF? Coming soon: Buy gold like a stock. >> Already here: a proxy for gold/silver in CEF (Central Fund of Canada). = CEF came into 2003 at about a 20% premium to its net asset value. That = premium has been deflated as we approach the launch of the ETF for gold. - - Jeff ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Friday, June 20, 2003 12:00 AM Subject: Fw: [CANSLIM] Sounds like inflation ahead to me! Fred, thoughts on a rate cut or lack of a rate cut and its impact? Gene P.S. Heard about the new gold ETF? Coming soon: Buy gold like a stock = http://moneycentral.msn.com/content/CNBCTV/Articles/TVReports/P50438.asp The U.S. Treasury announced an as-expected budget deficit of $90.5 = billion in May. Year-to-date, the budget deficit stands at $292.1 billion vs. = $145.4 billion in the year-ago period. Both individual and corporate tax = receipts are sharply lower than a year ago, reflecting declining payrolls and = soft business conditions. Government spending is high, especially for = defense and Medicare. --------------------- Wonder how long it will take the foreign investors to panic? And when = they do, will the market continue on its way up? - ------=_NextPart_000_00CE_01C339C6.6DF13CE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

<< Heard=20 about the new gold ETF? Coming soon: Buy gold like a stock.=20 >>

Already here: a proxy for = gold/silver in CEF=20 (Central Fund of Canada). CEF came into 2003 at about a 20% = premium to its=20 net asset value. That premium has been deflated as we approach the = launch=20 of the ETF for gold.

- Jeff

----- Original Message -----
From:=20 Gene = Ricci
To: canslim@lists.xmission.com=

Sent: Friday, June 20, 2003 = 12:00=20 AM

Subject: Fw: [CANSLIM] Sounds = like=20 inflation ahead to me!

Fred, thoughts on a rate cut or lack of a rate cut and its=20 impact?

Gene

P.S. Heard about the new gold=20 ETF?
Coming soon: = Buy gold=20 like a stock

http://moneycentral.msn.com/content/CNBCTV/Articles/TVReports/P5= 0438.asp

The=20 U.S. Treasury announced an as-expected budget deficit of $90.5 = billion
in=20 May. Year-to-date, the budget deficit stands at $292.1 billion vs.=20 $145.4
billion in the year-ago period. Both individual and = corporate tax=20 receipts
are sharply lower than a year ago, reflecting declining = payrolls=20 and soft
business conditions. Government spending is high, = especially for=20 defense=20 = and
Medicare.

---------------------

Wond= er=20 how long it will take the foreign investors to panic? And when=20 they
do, will the market continue on its way=20 up?

- ------=_NextPart_000_00CE_01C339C6.6DF13CE0-- - - - -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, 23 Jun 2003 21:12:04 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] O.T: Sounds like inflation ahead to me! Jeff, Not really an insider only to say I know (as you are aware I'm sure) that EASI really took off when they became a "company consolidator" in the very recent past. I think their strengths lie in picking the right companies to buy. All of those companies had great management before the buyouts. I would compare them to a young Textron with a emphasis on military. The issue to me is how the military business will thrive in the next few years. Believe it or not, there is still not much in the way of new contracts being handed out these days. On a side note: I'm not a fan of these consolidators. Too many variables with the different levels of management within the separate divisions. The strengths of one division can be watered down by the weaknesses of another's. I prefer a company that is focused on a main line of products they themselves developed. But that's just me... (g) Definitely canslim numbers though. - -- Bill - ----- Original Message ----- From: "Jeff Mulder" To: Sent: Monday, June 23, 2003 5:33 PM Subject: Re: [CANSLIM] O.T: Sounds like inflation ahead to me! << I'm still in aerospace now btw. >> Any industry-insider insight into EASI? It's a CANSLIMmer that recently made a tepid breakout to new highs. - - Jeff ----- Original Message ----- From: Bill Triffet To: canslim@lists.xmission.com Sent: Friday, June 20, 2003 12:58 PM Subject: Re: [CANSLIM] O.T: Sounds like inflation ahead to me! Fred et all, Assuming the fact that I'm just a kid of 43 now, I wasn't paying attention to the economics of the 1980's but I do seem to remember the same facts/fears being brought up then by those who were "paying attention". (not me...(g)) I do recall working MUCHO overtime at aerospace/defense companys back then. I do recall interest rates and property taxes (in Los Angeles) were sky high. I also recall writing off a percentage of my consumer credit on my taxes as well back then don't know if that hurt or helped the economy. I'm still in aerospace now btw. Do you know of any site that could give comparative data of the economics of the 1980's with regard to jobs, the deficit, etc? I've often wondered about the comparisons. Perhaps others here can pipe in (minus their political views) about the state of the economy then and now? Might put a good spin on the current state of the markets. -- Bill >>The U.S. Treasury announced an as-expected budget deficit of $90.5 billion in May. Year-to-date, the budget deficit stands at $292.1 billion vs. $145.4 billion in the year-ago period. Both individual and corporate tax receipts are sharply lower than a year ago, reflecting declining payrolls and soft business conditions. Government spending is high, especially for defense and Medicare. Wonder how long it will take the foreign investors to panic? And when they do, will the market continue on its way up? - - - -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, 24 Jun 2003 01:21:33 -0700 From: "Harold Josephson" Subject: RE: [CANSLIM] When to Sell This is a multi-part message in MIME format. - ------=_NextPart_000_000B_01C339EE.F66994A0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable You're right, of course. =20 But I like their products and the way they conduct their U.S. marketing. >From a recent loss, they appear to be forecasting $0.80 and $1.26 for calendar 03 and 04. Even so, I bought it hoping that the started = breakout would continue. When it failed and the stock remained close to my cost = and no clear sell signals appeared, I wasn't sure what to do. I still own = it. Although its .6% decline today outperformed the market, I guess that I should sell it. You seem to feel the same. =20 Harold =20 P.S. Any thoughts on SAP? =20 Harold Josephson Tel: 323.850.1333 Fax: 323.512.8968 hj@hjosephson.com=20 - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci Sent: Monday, June 23, 2003 12:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] When to Sell =20 Harold, are you discussing DT (Duetsche Telekom)?=20 =20 If so, it's not a stock that I would say is 'having good fundies'. Gene =20 =20 =20 =20 10/13 day m.a are short term support indicators=20 Harold Josephson wrote:=20 Would you sell here? =20 Harold Josephson Tel: 323.850.1333 Fax: 323.512.8968 hj@hjosephson.com=20 - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer Sent: Monday, June 23, 2003 8:06 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] When to Sell =20 by the way DT pulled back to its 10/13 day moving avg. Harold Josephson wrote:=20 Hi Katherine, =20 Your advice, please. Prompted by my recent experience with DT, what criteria would you apply to the sale of a stock bought in anticipation = of a failed breakout if the stock continues to languish pennies below your = cost? =20 Thanks =20 Harold =20 _____ =20 Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! _____ =20 Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - ------=_NextPart_000_000B_01C339EE.F66994A0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

You’re right, of course.

But I = like their products and the way they conduct their U.S. = marketing. From a recent loss, they appear to be forecasting $0.80 and $1.26 for = calendar 03 and 04. Even so, I bought it hoping that the started breakout = would continue. When it failed and the stock remained close to my cost = and no clear sell signals appeared, I wasn’t sure what to do. I = still own it. Although its .6% decline today outperformed the market, I = guess that I should sell it. You seem to feel the same.

Harold

P.S. Any thoughts on SAP?

Harold Josephson
Tel: 323.850.1333
Fax: 323.512.8968
hj@hjosephson.com

-----Original = Message-----
From: owner-canslim@lists.xmissio= n.com = [mailto:owner-canslim@lists.xmissio= n.com] On Behalf Of Gene Ricci
Sent: Monday, June 23, = 2003 12:57 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = When to Sell

Harold, are you = discussing DT (Duetsche Telekom)?

If so, it's not a = stock that I would say is 'having good fundies'.

Gene

=

10/13 day m.a are short term support = indicators

Harold = Josephson <hj@hjosephson.com> wrote:

Would you sell here?

Harold Josephson
Tel: 323.850.1333
Fax: 323.512.8968
hj@hjosephson.com

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer
Sent: Monday, June 23, = 2003 8:06 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = When to Sell

by the way DT pulled back to its 10/13 day = moving avg.

Harold = Josephson <hj@hjosephson.com> wrote:

Hi = Katherine,

Your advice, = please. Prompted by my recent experience with DT, what criteria would you apply = to the sale of a stock bought in anticipation of a failed breakout if the stock continues to languish pennies below your cost?

Thanks

Harold

Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month!

Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month!

- ------=_NextPart_000_000B_01C339EE.F66994A0-- - - - -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, 24 Jun 2003 08:56:40 -0500 From: michael_niemotka@baxter.com Subject: [CANSLIM] 50dMA as a sell sign, MVL Hello all, One possible yellow flag sell sign is a stock that violates the 50dMA on heavy volume, and I just wanted to confirm that this is on a DAILY price chart, vs a weekly one. As a case in point, after yesterdays action MVL finished the day slightly below the 50dMA, and had huge volume. If the stock does not manage to move above that line, I am taking this as a confirmation for myself that I need to exit the position totally. How long do you typically give the stock to move back above the line, and does it have to be on high volume to show institution support? Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.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: Tue, 24 Jun 2003 09:55:25 EDT From: Davellil5@aol.com Subject: Re: [CANSLIM] 50dMA as a sell sign, MVL What if it does move back above the 50DMA -- on good volume -- is that a buy signal? Dave - - - -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, 24 Jun 2003 09:05:01 -0500 From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] 50dMA as a sell sign, MVL One could argue that if all the other conditions are still right in the stock that this could be a secondary entry point, but of course at a much higher risk than buying on the breakout, especially for MVL, since it has moved up a lot since breakoing out. Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Davellil5@aol.com Sent by: To: canslim@lists.xmission.com owner-canslim@lists.xm cc: ission.com Subject: Re: [CANSLIM] 50dMA as a sell sign, MVL 06/24/2003 08:55 AM Please respond to canslim What if it does move back above the 50DMA -- on good volume -- is that a buy signal? Dave - - - -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, 24 Jun 2003 11:22:08 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] 50dMA as a sell sign, MVL Hi Mike, I look at a situation like that in two ways, each a different strategy with different odds of success. I think that's the reason why WON's sell rules are often so obscure. The "rules" one uses are flexible depending on the underlying market conditions and the person's personal risk tolerance. Here are 2 different strategies, neither of which considers a scenario where one would take profits on the way up, which is available in either case. Strategy 1: Sell into climax http://www.cwhcharts.com/katherine/ClimaxRunStrategyScenario1.JPG Strategy 2: Wait for show of support at 50dMA http://www.cwhcharts.com/katherine/ClimaxRunStrategyScenario2.JPG (BTW, I think the show of support at the 50dMA has got to come in within 5 days. I am also skeptical when the price wedges up on low volume up to the 50dMA. Better to see very good volume, and/or a tail-up showing a strong sign of support.) In the end, it's just a matter of assessing the odds and picking a strategy that fits the market and the person. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, June 24, 2003 8:05 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] 50dMA as a sell sign, MVL One could argue that if all the other conditions are still right in the stock that this could be a secondary entry point, but of course at a much higher risk than buying on the breakout, especially for MVL, since it has moved up a lot since breakoing out. Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Davellil5@aol.com Sent by: To: canslim@lists.xmission.com owner-canslim@lists.xm cc: ission.com Subject: Re: [CANSLIM] 50dMA as a sell sign, MVL 06/24/2003 08:55 AM Please respond to canslim What if it does move back above the 50DMA -- on good volume -- is that a buy signal? Dave - - - -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, 24 Jun 2003 11:40:39 -0500 From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] 50dMA as a sell sign, MVL Katherine, I am REALLY disappointed with the "hand written" notes, can't I have nice neat computer generated charts with annotations? (Just kidding, of course!) What an awesome analysis! Thanks for providing both the conservative and aggressive side for the reasoning. In the case of MVL, it would have to get back to $19.71 to hit the 50 dMA (EMA) and that is not looking good. It also has dropped below the support that should be around that same point as seen on the chart a couple of weeks back. (I will need to figure out how so include a link to a chart, do you have any suggestions on how to do that, since I don't have a website?) Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: RE: [CANSLIM] 50dMA as a sell sign, MVL ission.com 06/24/2003 11:22 AM Please respond to canslim Hi Mike, I look at a situation like that in two ways, each a different strategy with different odds of success. I think that's the reason why WON's sell rules are often so obscure. The "rules" one uses are flexible depending on the underlying market conditions and the person's personal risk tolerance. Here are 2 different strategies, neither of which considers a scenario where one would take profits on the way up, which is available in either case. Strategy 1: Sell into climax http://www.cwhcharts.com/katherine/ClimaxRunStrategyScenario1.JPG Strategy 2: Wait for show of support at 50dMA http://www.cwhcharts.com/katherine/ClimaxRunStrategyScenario2.JPG (BTW, I think the show of support at the 50dMA has got to come in within 5 days. I am also skeptical when the price wedges up on low volume up to the 50dMA. Better to see very good volume, and/or a tail-up showing a strong sign of support.) In the end, it's just a matter of assessing the odds and picking a strategy that fits the market and the person. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, June 24, 2003 8:05 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] 50dMA as a sell sign, MVL One could argue that if all the other conditions are still right in the stock that this could be a secondary entry point, but of course at a much higher risk than buying on the breakout, especially for MVL, since it has moved up a lot since breakoing out. Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Davellil5@aol.com Sent by: To: canslim@lists.xmission.com owner-canslim@lists.xm cc: ission.com Subject: Re: [CANSLIM] 50dMA as a sell sign, MVL 06/24/2003 08:55 AM Please respond to canslim What if it does move back above the 50DMA -- on good volume -- is that a buy signal? Dave - - - -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, 24 Jun 2003 11:48:22 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] 50dMA as a sell sign, MVL Hi Mike, Remind me to add "hire technical writer for chart annotations" to my to-do list ;)) As to uploading your chart, all members here on the list can use the FTP that Jeff, the list owner, provides. The upload is done at: ftp.xmission.com//pub/users/m/mcjathan/incoming (Sign in as anonymous) It takes about 15 minutes for the robot to pick up the new file and make it available to everyone. When you provide the link for the file in your email, the format is then: http://www.WallStreet-LLC.com/canslim/filename.extension (Upper and lowercase in your file name matter, so be careful. Also, to make the link more robust, don't use spaces in the filename.) I use my own FTP site only because I have more control over how quickly the file is available and because Jeff tends to clean out FTP files that are older than a couple of months in order to keep the folder size down. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, June 24, 2003 10:41 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] 50dMA as a sell sign, MVL Katherine, I am REALLY disappointed with the "hand written" notes, can't I have nice neat computer generated charts with annotations? (Just kidding, of course!) What an awesome analysis! Thanks for providing both the conservative and aggressive side for the reasoning. In the case of MVL, it would have to get back to $19.71 to hit the 50 dMA (EMA) and that is not looking good. It also has dropped below the support that should be around that same point as seen on the chart a couple of weeks back. (I will need to figure out how so include a link to a chart, do you have any suggestions on how to do that, since I don't have a website?) Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: RE: [CANSLIM] 50dMA as a sell sign, MVL ission.com 06/24/2003 11:22 AM Please respond to canslim Hi Mike, I look at a situation like that in two ways, each a different strategy with different odds of success. I think that's the reason why WON's sell rules are often so obscure. The "rules" one uses are flexible depending on the underlying market conditions and the person's personal risk tolerance. Here are 2 different strategies, neither of which considers a scenario where one would take profits on the way up, which is available in either case. Strategy 1: Sell into climax http://www.cwhcharts.com/katherine/ClimaxRunStrategyScenario1.JPG Strategy 2: Wait for show of support at 50dMA http://www.cwhcharts.com/katherine/ClimaxRunStrategyScenario2.JPG (BTW, I think the show of support at the 50dMA has got to come in within 5 days. I am also skeptical when the price wedges up on low volume up to the 50dMA. Better to see very good volume, and/or a tail-up showing a strong sign of support.) In the end, it's just a matter of assessing the odds and picking a strategy that fits the market and the person. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, June 24, 2003 8:05 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] 50dMA as a sell sign, MVL One could argue that if all the other conditions are still right in the stock that this could be a secondary entry point, but of course at a much higher risk than buying on the breakout, especially for MVL, since it has moved up a lot since breakoing out. Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Davellil5@aol.com Sent by: To: canslim@lists.xmission.com owner-canslim@lists.xm cc: ission.com Subject: Re: [CANSLIM] 50dMA as a sell sign, MVL 06/24/2003 08:55 AM Please respond to canslim What if it does move back above the 50DMA -- on good volume -- is that a buy signal? Dave - - - -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. ------------------------------ End of canslim-digest V2 #3388 ****************************** 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.