RE: [CANSLIM] KKD Breakout

From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3524 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 3524 In this issue: RE: [CANSLIM] Free M Resources RE: [CANSLIM] OT: Worm Virus alert [CANSLIM] KKD Breakout RE: [CANSLIM] Market indicators RE: [CANSLIM] KKD Breakout RE: [CANSLIM] KKD Breakout ---------------------------------------------------------------------- Date: Thu, 14 Aug 2003 09:54:15 -0500 From: "Krueger, Kevin" Subject: RE: [CANSLIM] Free M Resources This is a multi-part message in MIME format. - ------_=_NextPart_001_01C36273.EE68E80A Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, All, =20 I have been looking at some of the market charts at www.stockta.com. It = has a little extra in the analysis from your basic TA charts. Just = curious if others have used this resource. =20 Thanks, Kevin - -----Original Message----- From: Gene Ricci [mailto:genr@swbell.net] Sent: Wednesday, August 13, 2003 8:45 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Free M Resources Jeff,=20 =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: =20 "Free" Daily Market Info at = http://stockcharts.com/def/servlet/Favorites.CServlet?obj=3Dmsummary = &cmd=3Dshow&disp=3DSXA =20 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 =20 =20 "Free" Daily DOW Newsletter; NYSE & NASDAQ Chart of the Day = http://www.signalwatch.com//markets/index.asp =20 "Free" Weekly Market Newsletter at = http://www.amateur-investors.com =20 "Free" Weekly Market Newsletter at = = http://stockcharts.com/corp/subscribe.html =20 "Free" Weekly Market Newsletter at = = http://www.hotstix.com/public/weekly.asp =20 and for a change in pace:=20 "Free" ChangeWave Research Newsletter at = http://www.changewave.com =20 Have fun, Gene =20 - ------_=_NextPart_001_01C36273.EE68E80A Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Gene,=20 All,

I have=20 been looking at some of the market charts at www.stockta.com. It has a little = extra in the=20 analysis from your basic TA charts. Just curious if others have used = this=20 resource.

Thanks,

Kevin

-----Original Message-----
From: Gene Ricci=20 [mailto:genr@swbell.net]
Sent: Wednesday, August 13, 2003 = 8:45=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM] Free=20 M Resources

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=20 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,=20 $BPNYA, $NASI, $NYSI, $NAAD,=20 $NYAD,

$NAUD, $NAA50R, $NYA50R, $NAA200R,=20 $NAHLR, $NYHLR, $RHCOMPQ, $RHNYA,=20 $RUT

"Free" Daily DOW Newsletter; NYSE = & NASDAQ=20 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: =

"Free" ChangeWave=20 Research Newsletter at http://www.changewave.com

Have fun,

Gene

- ------_=_NextPart_001_01C36273.EE68E80A-- - - - -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 08:16:41 -0700 (PDT) From: Tomas Subject: RE: [CANSLIM] OT: Worm Virus alert Mike, Amen to that! tomas - --- Mike Gibbons wrote: > > I don't know why some people get their jollies > from trying to do harm > to others' files and/or equipment. > > This is totally OT but since its being discussed by > many of you, I'll > throw in my 0.02c. > > As I understand it, this virus is benign from the > point of view of an > individual user's files and equipment (although it > can soak up your > internet bandwidth) but is designed to attack the > internet infrastucture > built on microsoft technologies, and especially > microsoft's servers > themselves. > > The malefactor's intent is to spread the message > "billy gates why do you > make this possible? Stop making money and fix your > software!!" > > As a software developer who for thirty years has > thought it more > important to fix bugs at no charge in the code that > users have paid for > than introduce new features, and as one who suffers > daily (who doesn't) > from the imperfections in MS software, I have a > certain sympathy with > that view, although I don't believe the end > justifies the means. > > IMHO, because of their near monopoly, and the extent > to which they have > exploited that monopoly to enrich their coffers, > Microsoft has an > obligation to make the operating systems and > application software it > sells to millions as secure as it possibly can > before it releases it, > rather than patch it later. Millions of dollars are > being lost every day > by companies and individuals world wide because they > have to update > their systems every day to fix the latest weakness > in MS software. That > goes straight to the bottom line of companies we > need to be profitable > to achieve our investment goals. > > Now I've got that off my chest, I'll go back to > developing and > delivering the best value software I can, and I'll > fix any bugs at no > charge rather than distribute a bug fix release > ciustomers have to pay > for. > > Mike Gibbons > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Charles & Lois > Layne > Sent: Tuesday, August 12, 2003 4:13 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] OT: Worm Virus alert > > > > ----- Original Message ----- > From: Gene Ricci > To: canslim@lists.xmission.com > Sent: Tuesday, August 12, 2003 7:20 PM > Subject: Re: [CANSLIM] OT: Worm Virus alert > > > Thanks Chuck... installed without a hitch. > Gene > > > You're welcome. Glad it installed and worked. > > I don't know why some people get their jollies > from trying to do harm > to others' files and/or equipment. > > > Chuck Layne > __________________________________ 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: Thu, 14 Aug 2003 11:29:57 -0400 From: "Pete" Subject: [CANSLIM] KKD Breakout FYI - - - -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 10:30:55 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Market indicators This is a multi-part message in MIME format. - ------=_NextPart_000_0031_01C3624F.24EF8040 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Hi Roger, The best way to keep track of leaders is to keep a list of breakouts as they occur. This is particularly important early in a rally, as the first movers tend to be the strongest movers for the duration of the rally. Watching their action gives some indication as to how the market is treating the leaders day to day. The new summary on the IBD's Big Picture is a great added feature for those that are less tuned in to the market and without a lot of hullabaloo can give one a read on things. If one hadn't been keeping a list all along, then here are some general thoughts on assembling a list: - -Selecting the top xx stocks out of each industry assumes all industries are producing leaders in the current market and doesn't give a nod to the notion that there will be pockets of strength. If one were to use industries as the starting point for assembling a list, the best way would be to take the top xx industries and then select the top stocks within them. The downside to this approach is that it doesn't recognize that new leaders emerge and pull the industry up with them. In other words, you may have new stocks on the move that are now showing strength, but the industry as a whole is still low in the ranks. - -Selecting the top xx stocks based on RS in general may get you in the ballpark, but it doesn't allow you to reach down into the ranks and find new movers that are still building up their RSRank. It's probably a good starting point, however. I'm not particularly keen on using RSRank exclusively as a sign of technical health, as its ranking features means there are too many quirks in the measurement. I'd be looking at a more general indicator of technical health. For example, how is the stock fairing relative to its 50 and 200 dMA? At any rate, no need to make this very complicated....the main purpose is just to get some general proxies for "leaders". For example, HITK was an early mover out of the box in late February. While the action in any one particular stock on its own doesn't define "a market", one would still be interested in how it behaves after running up. In a bull market, a stock like HITK will simply base and then move on up. In a bear market rally or in a rotating (sideways) market, a stock like HITK will run up strongly, but then will fall out of favor as money rotates to another industry. For example, notice that recent breakouts such as CAT and IR represent moves in more mundane industrial elements of the market. Money is apparently flowing away from medical/healthcare (to some degree) and into these types of names. More recent moves in names like KKD and PNRA are an indication that people are willing to put their money into growth names. Having the pulse on moves like this gives a "flavor" for the market. Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Roger Tawa Sent: Thursday, August 14, 2003 6:41 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Market indicators 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 - ------=_NextPart_000_0031_01C3624F.24EF8040 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Hi Roger,

The best way to keep track of = leaders is to=20 keep a list of breakouts as they occur. This is particularly important = early in=20 a rally, as the first movers tend to be the strongest movers for the = duration of=20 the rally. Watching their action gives some indication as to how the = market is=20 treating the leaders day to day. The new summary on the IBD's Big = Picture is a=20 great added feature for those that are less tuned in to the market and = without a=20 lot of hullabaloo can give one a read on things.

If one hadn't been keeping a list = all along,=20 then here are some general thoughts on assembling a list:

-Selecting the top xx stocks out = of each=20 industry assumes all industries are producing leaders in the current = market and=20 doesn't give a nod to the notion that there will be pockets of strength. = If one=20 were to use industries as the starting point for assembling a list, the = best way=20 would be to take the top xx industries and then select the top stocks = within=20 them. The downside to this approach is that it doesn't recognize that = new=20 leaders emerge and pull the industry up with them. In other words, you = may have=20 new stocks on the move that are now showing strength, but the industry = as a=20 whole is still low in the ranks.

-Selecting the top xx stocks based = on RS in=20 general may get you in the ballpark, but it doesn't allow you to reach = down into=20 the ranks and find new movers that are still building up their RSRank. = It's=20 probably a good starting point, however. I'm not particularly keen on = using=20 RSRank exclusively as a sign of technical health, as its ranking = features means=20 there are too many quirks in the measurement. I'd be looking at a more = general=20 indicator of technical health. For example, how is the stock fairing = relative to=20 its 50 and 200 dMA?

At any rate, no need to make this = very=20 complicated....the main purpose is just to get some general proxies for=20 "leaders". For example, HITK was an early mover out of the box in late = February.=20 While the action in any one particular stock on its own doesn't define = "a =20 market", one would still be interested in how it behaves after running = up. In a=20 bull market, a stock like HITK will simply base and then move on up. In = a bear=20 market rally or in a rotating (sideways) market, a stock like HITK will = run up=20 strongly, but then will fall out of favor as money rotates to another = industry.=20 For example, notice that recent breakouts such as CAT and IR represent = moves in=20 more mundane industrial elements of the market. Money is apparently = flowing away=20 from medical/healthcare (to some degree) and into these types of = names. =20 More recent moves in names like KKD and PNRA are an indication that = people are=20 willing to put their money into growth names. Having the pulse on moves = like=20 this gives a "flavor" for the market.

Katherine

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Roger=20 Tawa
Sent: Thursday, August 14, 2003 6:41 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] Market=20 indicators

Hi=20 all,

If=20 today, you wanted to see “how the leaders are doing”, how = would you do=20 that? Do you look at = the top=20 stock in each industry? = Do you=20 look at the top 10 stocks, as measure by RS, regardless of = industry? Or is there a better = way? =20 Thanks.

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D

Roger Tawa

http://tawacentral.net/

[One thing about paradigms: = shift=20 happens.]

[When you stop, you're=20 done.]

<= SPAN=20 class=3DEmailStyle18>

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On=20 Behalf Of Katherine Malm
Sent: Wednesday, August 13, = 2003 4:30=20 PM
To:=20 Canslim@Lists.Xmission.Com
Subject: RE: [CANSLIM] Market=20 indicators

Hi=20 Jeff,

I = think the=20 simpler the approach to monitoring market health the better. This is = based on=20 the approach that it is a "market of stocks" not a "stock=20 market."

The "market"=20 from my perspective is "the CANSLIM market." In other words, "is the = market=20 favorable toward growth stocks?" If it's favorable, I'm long. If it's=20 unfavorable, I'm short.

Number of fresh=20 breakouts.

Number of=20 failed breakouts.

How are my=20 holdings doing?

How are the=20 leaders doing?

How are the=20 major indexes as a whole doing?

How is the=20 overall technical condition of the underlying stocks in the Market = (including=20 number of new highs vs. new lows)?

Katherine

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On=20 Behalf Of Jeff Henderson
Sent: Wednesday, August 13, = 2003 4:24=20 AM
To: = Canslim
Subject: [CANSLIM] Market=20 indicators

What if=20 your opinions would be the best or at least a good technical indicator = for M=20 performance? What do = you think=20 about TRIN?

Jeff

- ------=_NextPart_000_0031_01C3624F.24EF8040-- - - - -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 08:51:32 -0700 From: "Margate, Allan" Subject: RE: [CANSLIM] KKD Breakout This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C3627B.EF06B700 Content-Type: text/plain; charset="iso-8859-1" It seems that KKD is breaking out from a long cup and handle that started in 1/02. Being fairly new to CANSLIM I would like to know other peoples opinion on the chart. Does this look like a proper cup and handle? - -----Original Message----- From: Pete [mailto:peten123@nc.rr.com] Sent: Thursday, August 14, 2003 8:30 AM To: canslim@lists.xmission.com Subject: [CANSLIM] KKD Breakout FYI - - - -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_001_01C3627B.EF06B700 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable RE: [CANSLIM] KKD Breakout

It seems that KKD is breaking out from a long cup and = handle that started in 1/02. Being fairly new to CANSLIM I would like = to know other peoples opinion on the chart. Does this look like a = proper cup and handle?

-----Original Message-----
From: Pete [mailto:peten123@nc.rr.com]=
Sent: Thursday, August 14, 2003 8:30 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] KKD Breakout

FYI

-
-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_001_01C3627B.EF06B700-- - - - -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 12:02:03 -0400 (EDT) From: Yien T Lung Subject: RE: [CANSLIM] KKD Breakout Hmm, Please correct me if I am wrong (I am also newbie in this game), but is a cup and handle supposed to take that long to form? And besides, even if it was a cup and handle, shouldnt the handle portion of be slightly longer since the cup formation lasted for over a year and half. Yien On Thu, 14 Aug 2003, Margate, Allan wrote: > It seems that KKD is breaking out from a long cup and handle that started in > 1/02. Being fairly new to CANSLIM I would like to know other peoples opinion > on the chart. Does this look like a proper cup and handle? > > > > > > -----Original Message----- > From: Pete [mailto:peten123@nc.rr.com] > Sent: Thursday, August 14, 2003 8:30 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] KKD Breakout > > > FYI > > - > -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 #3524 ****************************** 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.