From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3523 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, August 14 2003 Volume 02 : Number 3523 In this issue: RE: [CANSLIM] DMC not DMX RE: [CANSLIM] market correction bottom? Re: [CANSLIM] market correction bottom? Re: [CANSLIM] canslim [CANSLIM] Free M Resources Fwd: [CANSLIM] Info Request Re: [CANSLIM] Info Request Re: [CANSLIM] RE: References (was: stock software) RE: [CANSLIM] TASR and PDII RE: [CANSLIM] Market indicators ---------------------------------------------------------------------- Date: Wed, 13 Aug 2003 14:53:37 -0700 (PDT) From: Tomas Subject: RE: [CANSLIM] DMC not DMX David, With most many books on the subject, do you can consider yourself a successful investor? tomas - --- dctag@mavericktrading.com wrote: > Hello, > > I love books and have a little over 4 six foot > bookshelves filled with > trading/investing related books. > > My top ones are in no particular order > > HTTMIS -Oneil > The Hedge Fund Edge -Boucher > Reminiscences of a Stock Operator -Lefevre > Trading to Win -Kiev > Small-cap Dynamics -Pradhuman > Winning On Wall Street -Zweig > All 3 Market Wizard books -Schwager > Secrets for Profiting in Bull and Bear Markets > -Weinstein > Trader Vic -Victor Sperandeo > Trade Your Way To Financial Freedom -Van Tharp > > > There are a ton of other books that are worth > reading but these are the ones > that come off the top of my head as really useful > books for CANSLIM and > other momentum type traders. > > -David Taggart > > -----Original Message----- > From: Jeff Henderson [mailto:JHend746@cox.net] > Sent: Wednesday, August 13, 2003 9:24 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] DMC not DMX > > > Sorry DMC, > > > > I put DMX which is a famous rap artist-- must be > my youth. lol > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf > Of Jeff Henderson > Sent: Wednesday, August 13, 2003 6:29 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] stock software > > > > Hey Katherine, > > > > I was just curious about your recommendations on > book readings. DMX gave > some great choices. > > > > Thanks, > > Jeff > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf > Of DMC197807 > Sent: Thursday, August 07, 2003 12:42 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] stock software > > > > Jeff, > > > > Those are 3 good books. Only about 50 more to go! > > > > I actually think that Van Tharp's book and Stan > Weinstein's book are the > first pillars of wisdom here, both well-written and > logical. Van & Stan, > sounds like a car dealership. > > > > Here is a basic list I made up for a young man > (college boy) who wanted to > learn about TA and trading. It's about 1/3 the > books I have (I find Farley, > Pring and Dorsey to be harder slogging in the > initial rounds, so put them > off to later--by that time you'll be able to choose > your own books) and I'm > sure that others may vote for different books in the > intial cut, but that's > what makes a market, even in books: > > > > E= Elder, Trading for a Living > IBD= Investors Business Daily > M= Murphy, Technical Analysis of the Financial > Markets > Ma= Moving Averages Simplified (Drokes) > Mc=McMillan, Options as a Strategic Investment > Mo= Morris, Candlestick Charting Explained > Ni= Nison, Beyond Candlesticks > Vt= Van Tharp, Trade Your Way to Financial > Freedom > > Ta= Technical Analysis of Stocks & Commodities > (magazine) > W= Weinstein, Secrets of Profiting in Bull & Bear > Markets > > > > Things I don't find helpful in the early stages of > learning are: Gann, > Fibonacci and Bulkowski's chart analysis. > > > > DMC > > > > ----- Original Message ----- > > From: Jeff Henderson > > To: canslim@lists.xmission.com > > Sent: Wednesday, August 06, 2003 1:02 PM > > Subject: RE: [CANSLIM] stock software > > > > I read How to Make Money in Stocks: A Winning > System in Good Times or > Bad by William O'Neill and Trade Your Way to > Financial Freedom by K. Tharp > and Nicholas Darvas's book How I Made 2,000,000 in > the Stock Market > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf > Of DMC197807 > Sent: Wednesday, August 06, 2003 2:56 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] stock software > > > > Jeff, > > > > If you are a college student then I suggest you > spend zero dollars for > software. You no doubt have access to high speed > internet access (aka the > Big Pipe). You should be able to utilize a lot of > free sites (including > this one) to get some education. I'd suggest using > the MSN site for > scanning, the free section of stockcharts.com for > charting (and education) > and the library for borrowing books. You can lurk > at a number of for-pay > investment sites (SI comes to mind) and learn from a > number of very wise > people. Most investment sites have an extensive > education spot (check out > stockcharts, Bernie Schaefer). > > > > If you're going to college in or near a big > city, I'd suggest signing up > for free presentations/seminars offered by TC2K, > Metastock, 21st Century > Investor Educ. Center (options), etc. If your > college has a business school > you might look for a finance course, if it's Univ of > Penna, === message truncated === __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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: Wed, 13 Aug 2003 17:06:15 -0500 From: "Fred Richards" Subject: RE: [CANSLIM] market correction bottom? All three indices posted a distribution day today. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Wednesday, August 13, 2003 3:29 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] market correction bottom? Hi Rolf, Take a look at the NASDAQ chart for notes on the potential FTD: http://www.breakoutwatch.com/katherine/FTD081303.JPG Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Rolf Hertenstein Sent: Wednesday, August 13, 2003 1:41 PM To: canslim@lists.xmission.com Subject: [CANSLIM] market correction bottom? Yesterdy's Big Picture (IBD) mentioned Thursday as the first day to look for a FTD, which would be a positive signal for the end of our correction. OK, fine, but I couldn't figure out why Thursday. On my count, the DOW (intraday low 8997) and SP500 (intraday low 961)started up August 6 and they haven't violated those intraday lows, so this is already Day 5 for those indices. The NASD started up Monday August 11 (intraday low 1647) so Thursday would only be Day 3 (less than the recommended Day 4-7). I'm just curious if I'm counting correctly, and/or if I am more confused or they are (ah yes, leaving myself wide open, but resist the temptation). Rolf - - - -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: Wed, 13 Aug 2003 16:45:33 -0600 From: "Rolf Hertenstein" Subject: Re: [CANSLIM] market correction bottom? And the winner is ............I'm confused! The first day of the attempted rally is Day #1. Don't ask me why I was counting the next day as Day #1. So tomorrow is Day #7 on the DOW and SP500 and Day #4 on the NASD, hence potentially a FTD day candidate (I'm not holding my breath but best to keep an open mind about M's direction). Thanks for the clarification, Katherine. Deja vu: I seem to recall publically making this blunder last fall - maybe this time it'll stick! Fred noted today's distribution day, which, in a pure WON sense, does not reset the count. Only falling (intraday) below the intraday low of Day #1 does. In 24-Lessons, pg.78, WON even shows Day #3 of his hypothetical attempted rally being a mild distribution day, but then Day #5 - blast off. Rolf - ----- Original Message ----- From: "Katherine Malm" > Hi Rolf, > > Take a look at the NASDAQ chart for notes on the potential FTD: > > http://www.breakoutwatch.com/katherine/FTD081303.JPG > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Rolf Hertenstein > Sent: Wednesday, August 13, 2003 1:41 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] market correction bottom? > > > Yesterdy's Big Picture (IBD) mentioned Thursday as the first day to look for > a FTD, which would be a positive signal for the end of our correction. OK, > fine, but I couldn't figure out why Thursday. > > On my count, the DOW (intraday low 8997) and SP500 (intraday low 961)started > up August 6 and they haven't violated those intraday lows, so this is > already Day 5 for those indices. The NASD started up Monday August 11 > (intraday low 1647) so Thursday would only be Day 3 (less than the > recommended Day 4-7). > > I'm just curious if I'm counting correctly, and/or if I am more confused or > they are (ah yes, leaving myself wide open, but resist the temptation). > > Rolf > > > - > -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: Sat, 13 Sep 2003 21:12:03 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] canslim John, Mike, and others, I used it for awhile, and it worked. I tried to send it to the list, but it was too large a file. Ann - ----- Original Message ----- From: To: Sent: Tuesday, August 12, 2003 4:22 PM Subject: Re: [CANSLIM] canslim > > Gene, > > I can't really say. I was using it mostly to filter my watchlist to those > that had the most going for them, and thus showing up on multiple screens > of the day. Maybe someone else on the list used it and can offer results? > > 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 > > > > "Gene Ricci" > To: canslim@lists.xmission.com > Sent by: cc: > owner-canslim@lists.xm Subject: Re: [CANSLIM] canslim > ission.com > > > 08/12/2003 03:07 PM > Please respond to > canslim > > > > > > > Mike, does it work (not asking about the mechanics)? > > Gene > > > It is mine. I replied to John directly, mostly because I felt shame for > never having posted it to the FTP site. If I send it to you offline, will > you put it up for me? > > Mike > > > > > > > > - > -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: Wed, 13 Aug 2003 20:44:47 -0500 From: "Gene Ricci" Subject: [CANSLIM] Free M Resources This is a multi-part message in MIME format. - ------=_NextPart_000_008C_01C361DB.BBB550A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jeff,=20 My way to determine market direction is to look at charts (Dow, NASDAQ, = S&P Indexes along with the QQQ, $RUT, SMH) on a daily basis. Of course = without using trendlines and moving averages to determine support and = resistance levels....the 'looking' would be of no value to me.... =20 Here are a couple resources to better understand the market: "Free" Daily Market Info at = http://stockcharts.com/def/servlet/Favorites.CServlet?obj=3Dmsummary&cmd=3D= show&disp=3DSXA To save you looking them up, here is a list of StockCharts tickers for = your reference: $NDX, QQQ, SMH, $SPX, $COMPQ, $INDU, $TICKQ, $TICK, $QQV, $VIX, $VXN, = $TRINQ, $TRIN, $CPC, $BPNDX, $BPSPX, $BPCOMPQ, $BPNYA, $NASI, $NYSI, $NAAD, = $NYAD, $NAUD, $NAA50R, $NYA50R, $NAA200R, $NAHLR, $NYHLR, $RHCOMPQ, $RHNYA, = $RUT "Free" Daily DOW Newsletter; NYSE & NASDAQ Chart of the Day http://www.signalwatch.com//markets/index.asp "Free" Weekly Market Newsletter at http://www.amateur-investors.com "Free" Weekly Market Newsletter at = http://stockcharts.com/corp/subscribe.html "Free" Weekly Market Newsletter at = http://www.hotstix.com/public/weekly.asp and for a change in pace:=20 "Free" ChangeWave Research Newsletter at http://www.changewave.com Have fun, Gene - ------=_NextPart_000_008C_01C361DB.BBB550A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Jeff, 
 
My way to determine market = direction=20 is to look at charts (Dow, NASDAQ, S&P Indexes along with the = QQQ,=20 $RUT, SMH) on a daily basis. Of course without using = trendlines and=20 moving averages to determine support and resistance levels....the = 'looking'=20 would be of no value to me....  

Here are a couple resources to=20 better understand the market:

 
"Free" Daily Market Info at http://stockcharts.com/def/servlet/Fav= orites.CServlet?obj=3Dmsummary&cmd=3Dshow&disp=3DSXA
 
To save you looking them up, here is a = list of StockCharts tickers for your reference:
$NDX, QQQ, SMH, $SPX, $COMPQ, $INDU, = $TICKQ,=20 $TICK, $QQV, $VIX, $VXN, $TRINQ,
$TRIN, $CPC, $BPNDX, $BPSPX, $BPCOMPQ, = $BPNYA, $NASI, $NYSI, $NAAD,=20 $NYAD,
$NAUD, $NAA50R, $NYA50R, $NAA200R, = $NAHLR, $NYHLR, $RHCOMPQ, $RHNYA, = $RUT
 
 
"Free" Daily DOW Newsletter; NYSE = & NASDAQ=20 Chart of the Day
 
"Free" Weekly Market Newsletter at = http://www.amateur-investors.com
 
"Free" Weekly Market Newsletter at = http://stockcharts.com/corp/subscribe.html
 
"Free" Weekly Market Newsletter at = http://www.hotstix.com/public/weekly.asp
 
and for a change in pace: =
"Free" ChangeWave = Research Newsletter=20 at http://www.changewave.com
 
Have fun,
Gene
 
- ------=_NextPart_000_008C_01C361DB.BBB550A0-- - - - -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, 14 Aug 2003 11:34:49 +0900 From: Simon MacMahon Subject: Fwd: [CANSLIM] Info Request - --Apple-Mail-8-916911383 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=ISO-8859-1; format=flowed > > > Gene, I receive the free canslim.net newsletter daily. It provides a=20= > very good general market update, as well as a free daily watchlist=20 > from an automatic screen along with some preliminary DD commentary to=20= > the side of each stock. Often it has stocks in it`s watchlist that I=20= > mightn`t otherwise come across, as I don`t have access to any strong=20= > screening software. It is quite good and free. > > > On Wednesday, August 13, 2003, at 01:34 AM, Gene Ricci wrote: > >> Looking for the location of a site named 1.2.3 Breakout or something=20= >> close to that. I took a 6-month trial with=A0them a couple of year's=20= >> ago but lost their info when my hard drive went south. >> =A0 >> Also, a friend asked me about CANSLIM.net. Anyone know about them? >> =A0 >> Finally, does anyone know of a money manager that manages other=20 >> folk's money using CANSLIM? >> =A0 >> Thanks in advance, >> Gene >> =A0 - --Apple-Mail-8-916911383 Content-Transfer-Encoding: quoted-printable Content-Type: text/enriched; charset=ISO-8859-1 Gene, I receive the free canslim.net newsletter daily. It provides a very good general market update, as well as a free daily watchlist from an automatic screen along with some preliminary DD commentary to the side of each stock. Often it has stocks in it`s watchlist that I mightn`t otherwise come across, as I don`t have access to any strong screening software. It is quite good and free. On Wednesday, August 13, 2003, at 01:34 AM, Gene Ricci wrote: Comic Sans MSLooking for the location of a site named 1.2.3 Breakout or something close to that. I took a 6-month trial with=A0them a couple of year's ago but lost their info when my hard drive went south. =A0 Comic Sans MSAlso, a friend asked me about CANSLIM.net. Anyone know about them? =A0 Comic Sans MSFinally, does anyone know of a money manager that manages other folk's money using = CANSLIM? =A0 Comic Sans MSThanks in advance, Comic Sans MSGene =A0 = - --Apple-Mail-8-916911383-- - - - -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: Wed, 13 Aug 2003 22:08:44 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] Info Request This is a multi-part message in MIME format. - ------=_NextPart_000_01DA_01C361E7.7626A690 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Simon, hard to believe that I hadn't heard of this site before. It sure = looks like a good resource. I just signed up for their free daily = breakout report and market commentary. http://www.canslim.net/ebulletin/breakoutssubscribe.htm Thanks for your input, Gene ----- Original Message -----=20 From: Simon MacMahon=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 13, 2003 9:34 PM Subject: Fwd: [CANSLIM] Info Request Gene, I receive the free canslim.net newsletter daily. It provides a = very good general market update, as well as a free daily watchlist from = an automatic screen along with some preliminary DD commentary to the = side of each stock. Often it has stocks in it`s watchlist that I = mightn`t otherwise come across, as I don`t have access to any strong = screening software. It is quite good and free. On Wednesday, August 13, 2003, at 01:34 AM, Gene Ricci wrote: Looking for the location of a site named 1.2.3 Breakout or = something close to that. I took a 6-month trial with them a couple of = year's ago but lost their info when my hard drive went south. =20 Also, a friend asked me about CANSLIM.net. Anyone know about them? =20 Finally, does anyone know of a money manager that manages other = folk's money using CANSLIM? =20 Thanks in advance, Gene =20 - ------=_NextPart_000_01DA_01C361E7.7626A690 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Simon, hard to believe that I hadn't = heard of=20 this site before. It sure looks like a good resource. I just signed up = for their=20 free daily breakout report and market commentary.
http://w= ww.canslim.net/ebulletin/breakoutssubscribe.htm
 
Thanks for your input,
Gene
 
 
----- Original Message -----
From:=20 Simon = MacMahon=20
Sent: Wednesday, August 13, = 2003 9:34=20 PM
Subject: Fwd: [CANSLIM] Info=20 Request





Gene, I receive the free canslim.net newsletter = daily.=20 It provides a very good general market update, as well as a free = daily=20 watchlist from an automatic screen along with some preliminary DD = commentary=20 to the side of each stock. Often it has stocks in it`s watchlist = that I=20 mightn`t otherwise come across, as I don`t have access to any strong = screening software. It is quite good and free.


On = Wednesday,=20 August 13, 2003, at 01:34 AM, Gene Ricci wrote:

Looking for the = location of=20 a site named 1.2.3 Breakout or something close to that. I took a = 6-month=20 trial with them a couple of year's ago but lost their info = when my=20 hard drive went = south.
 
Also,=20 a friend asked me about CANSLIM.net. Anyone know about=20 them?
 
Finally,=20 does anyone know of a money manager that manages other folk's = money using=20 CANSLIM?
 
Thanks=20 in advance,
Gene
 
- ------=_NextPart_000_01DA_01C361E7.7626A690-- - - - -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, 13 Sep 2003 23:21:42 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] RE: References (was: stock software) This is a multi-part message in MIME format. - ------=_NextPart_000_0012_01C37A4D.CA57FBA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, I think the book you are referring to is: Richard Loth's Select Winning Stocks Using Financial Statements. Ann Accounting/Fundamentals: -If you're not familiar with accounting/financial terms, get the = basics under your belt. There are plenty of "Accounting 101" books, but = find one that focuses on reading and interpreting financial statements. = There's one book in particular that several members of the list have = found to be a particularly good intro book, but I'm blanking out on the = title. (Hopefully ANN H. will see this and remind me.) -Howard Schilit "Financial Shenanigans". I've read a lot of case = studies and other texts on this subject, but I like the author's take on = things. Learn the pitfalls of reading financial statements and you'll = know what red flags to look for when reviewing the details. - ------=_NextPart_000_0012_01C37A4D.CA57FBA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine,
 
I think the book you = are referring to=20 is:
 
Richard Loth's Select Winning = Stocks=20 Using Financial Statements.
 
Ann
 
 
 
Accounting/Fundamentals:
-If you're not familiar with=20 accounting/financial terms, get the basics under your belt. There are = plenty=20 of "Accounting 101" books, but find one that focuses on reading and=20 interpreting financial statements. There's one book in particular that = several=20 members of the list have found to be a particularly good intro book, = but I'm=20 blanking out on the title. (Hopefully ANN H. will see this and = remind=20 me.)
-Howard Schilit "Financial = Shenanigans".=20 I've read a lot of case studies and other texts on this subject, but I = like=20 the author's take on things. Learn the pitfalls of reading financial=20 statements and you'll know what red flags to look for when reviewing = the=20 details.
 
- ------=_NextPart_000_0012_01C37A4D.CA57FBA0-- - - - -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: Wed, 13 Aug 2003 23:02:44 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] TASR and PDII Hi Yien, Just a follow-up on TASR. This, from today's "Big Picture": "Although this correction has been tame, you still need to keep a close eye on your stocks. They may be flashing key sell signals. Take Taser International. (TASR) The stun gun maker has been on a tear since April. The stock rallied steadily to about 13 and then accelerated wildly. It more than doubled in just over three weeks. On Tuesday, Taser shot up to 25.97 before reversing to close with a modest gain of 0.49 to 24.49. Volume of 976,000 shares was the heaviest of the run-up. At its peak, Taser towered 93% above its 50-day average. That's on the very high side even for market-leading stocks. The gains, volume and price acceleration all suggest a climax run. At the very least, Taser holders should expect a significant correction. The stock didn't disappoint Wednesday. It dropped 1.83 to 22.66 in heavy volume." Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 12, 2003 5:05 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] TASR and PDII Hi Yien, Both PDII and TASR put in high volume reversal days today, or a "tail down." That, in combination with the other clues of a top would make me believe that both are due for some sort of correction. That correction could be mild or could take them back to a recent area of logical support. One of the great downsides to CANSLIM investing is that it has a huge following. I call it "having too many eyes" on a stock. Others describe it as "the momentum crowd taking over." Either way, these stocks are in nosebleed territory and need to be watched closely. Here is a checklist which will help you determine whether a stock "may" be putting in a top. Of course, one never knows until after the top has been put in. The choices are (1) sell into a potential top given that the signs are there or (2) ride it out, assuming that the correction will be mild enough that a consolidation will create a launching pad for the next move up. Summary: Signs of potential climax runs: If a stock's price is overextended from its base and: (1) its price closes for a larger increase than on any prior up days (ultimate top often occurs on heaviest volume day since the beginning of the advance) (2) if it has been advancing rapidly and opens on a gap up in price (advance is probably near its peak) (3) the stock's price breaks badly for several days and does not rally (4) suddenly makes its greatest one-day price drop since the beginning of the move (consider in context of additional sell signals,industry group weakness, market weakness, fundamental weakness in stock) (5) a stock split is announced and the stock runs up sharply for 1-2 weeks. Other signals of topping: (1) Stock has advanced a number of months and price rises 25-50% on heavy volume in a couple of weeks (2) Churning: Stock trades on heavy volume but can't manage meaningful price gains (3) Wedging: New price highs on low volume (4) Price repeatedly falls on high volume (5) Leader in industry group puts in climax top (6) Tail Down--Stock stages a high volume reversal after a healthy run-up Overextension from the base is a nebulous term, but generally you're into "extended" territory when: (1) the stock gets into "rubberband sell rule territory"--i.e. >=25% above the 50dMA AND >=70% above the 200dMA (2) the current forward PE has expanded to 120% of the trailing PE (i.e. 2.2 times) at the time of the breakout. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Yien T Lung Sent: Tuesday, August 12, 2003 12:08 PM To: canslim@lists.xmission.com Subject: [CANSLIM] TASR and PDII Hi guys, I am trying to improve my selling skills. Would TASR and PDII be possible examples of climax tops? Thanks Yien - - - -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: Thu, 14 Aug 2003 07:40:50 -0400 From: Roger Tawa Subject: RE: [CANSLIM] Market indicators This is a multi-part message in MIME format. - --Boundary_(ID_gMJ6TOeSr/j59GpwbFtyNQ) Content-type: text/plain; charset=US-ASCII Content-transfer-encoding: 7BIT Hi all, If today, you wanted to see "how the leaders are doing", how would you do that? Do you look at the top stock in each industry? Do you look at the top 10 stocks, as measure by RS, regardless of industry? Or is there a better way? Thanks. ================================================= 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 Katherine Malm Sent: Wednesday, August 13, 2003 4:30 PM To: Canslim@Lists.Xmission.Com Subject: RE: [CANSLIM] Market indicators Hi Jeff, I think the simpler the approach to monitoring market health the better. This is based on the approach that it is a "market of stocks" not a "stock market." The "market" from my perspective is "the CANSLIM market." In other words, "is the market favorable toward growth stocks?" If it's favorable, I'm long. If it's unfavorable, I'm short. Number of fresh breakouts. Number of failed breakouts. How are my holdings doing? How are the leaders doing? How are the major indexes as a whole doing? How is the overall technical condition of the underlying stocks in the Market (including number of new highs vs. new lows)? Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson Sent: Wednesday, August 13, 2003 4:24 AM To: Canslim Subject: [CANSLIM] Market indicators What if your opinions would be the best or at least a good technical indicator for M performance? What do you think about TRIN? Jeff - --Boundary_(ID_gMJ6TOeSr/j59GpwbFtyNQ) Content-type: text/html; charset=US-ASCII Content-transfer-encoding: 7BIT

Hi all,

 

If today, you wanted to see “how the leaders are doing”, how would you do that?  Do you look at the top stock in each industry?  Do you look at the top 10 stocks, as measure by RS, regardless of industry?  Or is there a better way?  Thanks.

 

=================================================

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 Katherine Malm
Sent: Wednesday, August 13, 2003 4:30 PM
To: Canslim@Lists.Xmission.Com
Subject: RE: [CANSLIM] Market indicators

 

Hi Jeff,

 

I think the simpler the approach to monitoring market health the better. This is based on the approach that it is a "market of stocks" not a "stock market."

 

The "market" from my perspective is "the CANSLIM market." In other words, "is the market favorable toward growth stocks?" If it's favorable, I'm long. If it's unfavorable, I'm short.

 

Number of fresh breakouts.

Number of failed breakouts.

How are my holdings doing?

How are the leaders doing?

How are the major indexes as a whole doing?

How is the overall technical condition of the underlying stocks in the Market (including number of new highs vs. new lows)?

 

Katherine

-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson
Sent: Wednesday, August 13, 2003 4:24 AM
To: Canslim
Subject: [CANSLIM] Market indicators

What if your opinions would be the best or at least a good technical indicator for M performance?  What do you think about TRIN?

 

Jeff

- --Boundary_(ID_gMJ6TOeSr/j59GpwbFtyNQ)-- - - - -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 #3523 ****************************** 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.