Message

DMC,

Thank you for=20 the book recommendations! =20 I just read Trading For a = Living and thought is was really informative. I love his themes = and dry=20 humor on trading =93losers=94, alcoholics and other = psychological=20 dysfunctions. I = loved=20 what he said about treating trading psychological problems = like you=92re=20 in AA, =93Good morning, my name is Alex and I am a loser. = I have it in me to do = serious=20 financial damage to my account.=94 = LOL

Anyway, I=20 have a question regarding his triple screens trading. Has anybody used this = technical=20 analysis before, and if you have, did you find that one of the = oscillators works better than the others? I=92m using a fast 5 = day=20 stochastic, but I think he really suggests his very own Force = Index=20 and Elder-Ray. = I was also=20 thinking of adjusting his recommended stop losses to = compensate for=20 possible whipsawing. Any=20 suggestions? = I was=20 thinking of a moving exit using 1.2 times the 10 day ADR and = possibly=20 switching over to the parabolic system during a runaway=20 trend.

Thanks,

Jeff=20 H.

--Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of Fred=20 Richards
Sent:=20 Monday, August = 11,=20 2003 = 8:05=20 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] = a random=20 thought

Katherine is=20 quite correct about using the A/D to help identify stocks to = consider=20 and possibly add to one's portfolio. I rely on setting = up an=20 alert and/or stop loss point using a trailing stop to protect = my=20 position profits. Then, if we get stopped out of a = position, we=20 consider re-buying the position when the stock regains the = stop loss=20 point if the basic fundamentals and other technical aspects = remain=20 within our overall criteria. If not, we pass on=20 re-buying.

-----Original = Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of = Katherine=20 Malm
Sent:=20 Monday, = August 11,=20 2003=20 7:43=20 AM
To:=20 canslim@lists.xmission.com
Subject: RE: = [CANSLIM] a random=20 thought

Hi=20 Jeff,

In my=20 experience, the A/D is a decent tool when buying into a long = position (limiting buys to A, B or C) but it's a lousy = indicator of=20 tops. I remember in the March of 2000 that all the top = stocks=20 still had an "A" rating long after they'd crashed off their = tops.=20 The 13 weeks included in the indicator makes is a lagging = indicator=20 in my mind, too slow to catch the very near term price = action in a=20 stock that often triggers sell=20 rules.

The IBD=20 says they don't see it as a lagging indicator and that it is = one of=20 their "fastest." Faster? Yes, faster than RS (52 weeks) or = GRS (26=20 weeks), but not "non-lagging" in my=20 opinion.

Katherine

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff=20 Henderson
Sent:=20 Monday, = August 11,=20 2003=20 6:27=20 AM
To: = Canslim
Subject: [CANSLIM] = a random=20 thought

I was=20 thinking that accumulation/distributor indicator seems to = be a=20 valuable tool if there is a lot (for lack of a better = term) of=20 institutional sponsorship. =20 What do y=92all think? =20

Jeff=20 = H.