From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3525 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 3525 In this issue: Re: [CANSLIM] DRTE Re: [CANSLIM] KKD Breakout Re: [CANSLIM] for Short Selling [CANSLIM] NTST Re: [CANSLIM] for Short Selling RE: [CANSLIM] KKD Breakout RE: [CANSLIM] for Short Selling ---------------------------------------------------------------------- Date: Thu, 14 Aug 2003 09:05:10 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] DRTE Yien, Just one comment on the chart. IMO, the price range for the last 2 months is too big for a flat base. On some days, it swings from $12-$13. That's most a 10% swing, too large for a constructive flat base. Regards, tomas - --- Yien T Lung wrote: > hi guys, > > Please give me your input on DRTE. Here is my take. > > 1) It released earnings today. Quarter over quarter > EPS growth is 26% > (accounting for acquisition). Previous quarter EPS > growth was 22% > 2) Quarterly Sales growth increased by 21%. > 3) Technically, I believe DRTE has been trading on a > flat base for the > past 9-10 weeks with lower volume. It gapped up > today and broke into a new > price high on high volume. The RS line has also shot > up to a new high. > 4) This stock belongs to the SP Small Caps > benchmark. So I guess this > could mean that it is a reasonably small company > (less shares outstanding) > but with enough liquidity > 5) Leader or Laggard? According to the IBD website, > its industry Group > Relative Strength is A+. It currently holds the > second spot, after PRWK > (which was bought over by Kodak) in attractiveness. > 6) Acc/Distr is A- > > > Cheers, > 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. __________________________________ 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 12:12:22 -0400 From: "Pete" Subject: Re: [CANSLIM] KKD Breakout Yien, great questions if you look at the weekly chart you'll see the handle is 5 wks long - ----- Original Message ----- From: "Yien T Lung" To: Sent: Thursday, August 14, 2003 12:02 PM 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. - - - -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 09:45:47 -0700 From: Ian Subject: Re: [CANSLIM] for Short Selling This is a multi-part message in MIME format. - --Boundary_(ID_UVw/eGVEdMmpVcGNEeut7w) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT Hi DMC: One thing I find a little ironic here is that most of the pundits (the ones that I come across anyhow, clearly a non-scientific sample size) appear to be bearish, because everyone is bullish. Doesn't that make everyone really bearish, allowing us to continue to climb the wall of worry? Cheers, Ian ----- Original Message ----- From: DMC197807 To: canslim@lists.xmission.com Sent: Sunday, August 10, 2003 4:00 PM Subject: Re: [CANSLIM] for Short Selling Mighty quiet out there. Further on the M! Thang, for those who are interested. Here is the Naz 100 bullish percentage index: http://stockcharts.com/def/servlet/SC.web?c=$BPNDX,uu[h,a]dbclniay[de][pc13!c20!f][vc60][i]&pref=G Most recently it was higher than it's been in relevant history (here, you can see it in the weekly): http://stockcharts.com/def/servlet/SC.web?c=$BPNDX,uu[h,a]wbclniay[df][pc13!c20!f][vc60][i]&pref=G Its recent rating of 91 is just astounding Here's the Dow: http://stockcharts.com/def/servlet/SC.web?c=$bpINDU,uu[h,a]dbclniay[df][pc13!c20!f][vc60][i]&pref=G And the BP for the SPX: http://stockcharts.com/def/servlet/SC.web?c=$BPspx,uu[h,a]dbclniay[df][pc13!c20!f][vc60][i]&pref=G We are definitely picking up a unform pattern of highs not seen before (translation: everything is as bullish as possible, meaning there's just one way to go. if you can't get more bullish, it's the top). While you have the SPX chart open, just look at the 3 previous spikes of 77 (April 2002), 59.80 (Aug 2002) and 68.40 (Dec. 2002), and look back to what the SPX did after those moments: http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]dbclniay[df][pc13!c20!f][vc60][i]&pref=G 77 (April 2002)--SPX went from 1150 to 775 in 5 months. 59.80 (Aug 2002)--SPX went from 965 to 768 in 1.5 months 68.40 (Dec. 2002)--SPX went from 950 to 800 in 3 months. Anyway, it's all very interesting to look at, isn't it? Elliot Wavers might see this overly bullish scenario as the setup for yet another 3-count wave down. I don't really subscribe to EW stuff, but, like FIbonacci and Gann, it's useful to at least think about. The last EW pattern, if you believe this stuff, took the SPX down from 1500 to 768, or a 50% retrace. This one, starting at 1015.40, could do some similar damage and take us down to 565-775 over a 12 month period. Some bearish reports I've see predict a SPX fall to the mid 600s before year end. Otoh, we're in the 3rd political year, and 3 and 4 are notoriously good. And, if you do a big Fibo study on the SPX since its base in 1995 at about 440, we've already done a 38% retrace (back to the 62% line). http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]mbclniay[pc13!c20!f][vc60][i][J15983278,Y]&pref=G All things to think about on a nice, calm, summer Sunday's evening. DMC ----- Original Message ----- From: WJH To: canslim@lists.xmission.com Sent: Sunday, August 10, 2003 10:00 AM Subject: Fw: [CANSLIM] for Short Selling Sounds interesting. From: DMC197807 To: canslim@lists.xmission.com Sent: Saturday, August 09, 2003 6:41 PM Subject: Re: [CANSLIM] for Short Selling Rolf & Mark, My vote (if I get a vote) is why not discuss how to use canslim ideas to generate potential shorts? It's not like this little epistolary group hasn't gone off the track since I've been here (about 10 trading days), and it's not like it takes a lifetime to figure out Canslim in any event. It's really rather simple, and with the help of computers it's almost too easy. The real difficulty lies in disciplining oneself to limit or get rid of longs in sideways and topping markets, and be willing to reenter when the market's correction has ended and stocks are ready to rise again. You can find the names of candidates very easily for a little coin paid for a subscription to IBD and/or a subscription to canslim.net. For short discussions, let's just use the above referenced subject line "Re: [CANSLIM] for Short Selling" and the purists like Fanus et al (so far it seems to be all Fanus) can either eyeball them and delete them, or even program their Outlook Express to pre-delete all messages on the peripheral topic. I think it would be helpful to understand what kind of screen would generate the opposite of good longs in a bad market, if only for academic, mind-sharpening purposes. After all, if in traditional canslim technique you are looking for 1 or 2 stocks to buy per week in a good (M!) market, then why not reverse the order in a bad (M!) market. With that in mind, I'd like to explore what kinds of things people think would indicate a dangerous market, knowing in advance that calling a top is one of the hardest things to do BUT that falls tend to be so much more precipitous than climbs that there's gold in those hills if you can time it right and buy a put to get into position. In any event, VTO has provided a very handy site with lots of sentiment indicators: http://www.vtoreport.com/sentiment/cot.htm If you click on Sentiment and Bull/Bear you can see a very wide gap between bullish and bearish advisors, the kind which indicates a correction is coming. I'd say anytime you see a gap of 25% or more (with the bulls on top) you are looking at a dangerous situation. The Put/Call ratio has been very low and is now climbing. Again danger. The VIX has been unnaturally low for a long time, another coiled spring. For COTS, I prefer to use the Quasimodos.com site: http://www.quasimodos.com/marketrider/technical.php The articles are interesting, and to get the reports and COTs page, click here: http://www.quasimodos.com/marketrider/charts.php You can't paste the sites, but the first 3 on the right, for the Dow, the Naz and the SPX have a very interesting graphic display of the traders' positions. I don't know exactly what the timing is on these but the smart money seems to be betting against this market continuing, while the small speculators keep piling on the positions. Good bull markets (like the one we had from March to June) often begin with very small bars. DMC - --Boundary_(ID_UVw/eGVEdMmpVcGNEeut7w) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
Hi DMC:
 
One thing I find a little ironic here is that most of the pundits (the ones that I come across anyhow, clearly a non-scientific sample size) appear to be bearish, because everyone is bullish. Doesn't that make everyone really bearish, allowing us to continue to climb the wall of worry?
 
Cheers,
 
Ian
 
 
----- Original Message -----
From: DMC197807
Sent: Sunday, August 10, 2003 4:00 PM
Subject: Re: [CANSLIM] for Short Selling

Mighty quiet out there.
 
Further on the M! Thang, for those who are interested.  Here is the Naz 100 bullish percentage index:
 
 
Most recently it was higher than it's been in relevant history (here, you can see it in the weekly):
 
 
Its recent rating of 91 is just astounding
 
Here's the Dow:
 
 
And the BP for the SPX:
 
 
We are definitely picking up a unform pattern of highs not seen before (translation:  everything is as bullish as possible, meaning there's just one way to go.  if you can't get more bullish, it's the top).
 
While you have the SPX chart open, just look at the 3 previous spikes of 77 (April 2002), 59.80 (Aug 2002) and 68.40 (Dec. 2002), and look back to what the SPX did after those moments:
 
 
77 (April 2002)--SPX went from 1150 to 775 in 5 months.
59.80 (Aug 2002)--SPX went from 965  to 768 in 1.5 months
68.40 (Dec. 2002)--SPX went from 950 to 800 in 3 months.
 
Anyway, it's all very interesting to look at, isn't it?  Elliot Wavers might see this overly bullish scenario as the setup for yet another 3-count wave down.  I don't really subscribe to EW stuff, but, like FIbonacci and Gann, it's useful to at least think about.  The last EW pattern, if you believe this stuff, took the SPX down from 1500 to 768, or a 50% retrace.  This one, starting at 1015.40, could do some similar damage and take us down to 565-775 over a 12 month period.  Some bearish reports I've see predict a SPX fall to the mid 600s before year end.
 
Otoh, we're in the 3rd political year, and 3 and 4 are notoriously good.  And, if you do a big Fibo study on the SPX since its base in 1995 at about 440, we've already done a 38% retrace (back to the 62% line).
 
 
All things to think about on a nice, calm, summer Sunday's evening.
 
DMC
 
 
 
 
 
 
 
 
----- Original Message -----
From: WJH
Sent: Sunday, August 10, 2003 10:00 AM
Subject: Fw: [CANSLIM] for Short Selling

Sounds interesting.
 
From: DMC197807
Sent: Saturday, August 09, 2003 6:41 PM
Subject: Re: [CANSLIM] for Short Selling

Rolf & Mark,

My vote (if I get a vote) is why not discuss how to use canslim ideas to
generate potential shorts?  It's not like this little epistolary group
hasn't gone off the track since I've been here (about 10 trading days), and
it's not like it takes a lifetime to figure out Canslim in any event.  It's
really rather simple, and with the help of computers it's almost too easy.
The real difficulty lies in disciplining oneself to limit or get rid of
longs in sideways and topping markets, and be willing to reenter when the
market's correction has ended and stocks are ready to rise again.  You can
find the names of candidates very easily for a little coin paid for a
subscription to IBD and/or a subscription to canslim.net.

For short discussions, let's just use the above referenced subject line
"Re: [CANSLIM] for Short Selling"

and the purists like Fanus et al (so far it seems to be all Fanus) can
either eyeball them and delete them, or even program their Outlook Express
to pre-delete all messages on the peripheral topic.

I think it would be helpful to understand what kind of screen would generate
the opposite of good longs in a bad market, if only for academic,
mind-sharpening purposes.  After all, if in traditional canslim technique
you are looking for 1 or 2 stocks to buy per week in a good (M!) market,
then why not reverse the order in a bad (M!) market.

With that in mind, I'd like to explore what kinds of things people think
would indicate a dangerous market, knowing in advance that calling a top is
one of the hardest things to do BUT that falls tend to be so much more
precipitous than climbs that there's gold in those hills if you can time it
right and buy a put to get into position.

In any event, VTO has provided a very handy site with lots of sentiment
indicators:

http://www.vtoreport.com/sentiment/cot.htm

If you click on Sentiment and Bull/Bear you can see a very wide gap between
bullish and bearish advisors, the kind which indicates a correction is
coming.  I'd say anytime you see a gap of 25% or more (with the bulls on
top) you are looking at a dangerous situation.

The Put/Call ratio has been very low and is now climbing.  Again danger.

The VIX has been unnaturally low for a long time, another coiled spring.

For COTS, I prefer to use the Quasimodos.com site:

http://www.quasimodos.com/marketrider/technical.php

The articles are interesting, and to get the reports and COTs page, click
here:

http://www.quasimodos.com/marketrider/charts.php

You can't paste the sites, but the first 3 on the right, for the Dow, the
Naz and the SPX have a very interesting graphic display of the traders'
positions.  I don't know exactly what the timing is on these but the smart
money seems to be betting against this market continuing, while the small
speculators keep piling on the positions.  Good bull markets (like the one
we had from March to June) often begin with very small bars.

DMC
- --Boundary_(ID_UVw/eGVEdMmpVcGNEeut7w)-- - - - -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 11:26:26 -0500 From: michael_niemotka@baxter.com Subject: [CANSLIM] NTST It appears that NTST is breaking out from a pivot of $7.28 on huge volume, but when I look at the chart, I am concerned by the high volume that exists in the handle area. From what I remember, you would like to see volume dry up, preferable below the 50dMA. I see this as a danger sign to the success, but as of this writing, it is up to $7.54. Any thoughts? 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: Thu, 14 Aug 2003 09:49:37 -0700 From: Ian Subject: Re: [CANSLIM] for Short Selling Fanus: I, for one, believe that shorting is an integral part of CANSLIM. If CANSLIM rules scream 'SELL', and are indicative of a trend reversal, why would one not want to profit from the downtrend? After all, the 'real' point of all of this is to make money, and CANSLIM stocks often have significant moves to the downside. Maybe this group can be the original source for 'formal' CANSLIM shorting rules... I'd like to hear how others use CANSLIM patterns for shorting (weak volume rises, poor chart setups, failed tops etc...) Cheers, Ian - ----- Original Message ----- From: "Fanus" To: Sent: Sunday, August 10, 2003 12:46 PM Subject: Re: [CANSLIM] for Short Selling > DMC > > Below is a fraction of the welcome e-mail Jeff sent to > each one when you subscribe. Since you are a member > for about 10 trading days, this should still be fresh > in your mind. > > ---Start of quote > This is an unmoderated discussion group whose purpose > is to provide a forum for individuals to: > > 1. Discuss the ideas and concepts of CANSLIM. > 2. Add to the concepts of CANSLIM from personal > experience. > 3. Exchange sources of information on the internet > that can be used to select stocks using the CANSLIM > methodology. > 4. Discuss specific equities and how they may or may > not meet the CANSLIM criteria. > ---End of quote. > > I agree with all your points about shorting in bear > markets, etc. My point is just that if you are > interested to discuss topics other than CANSLIM, there > are appropriate groups to do so. If you can make a > good arguement on why any kind of shorting is part of > CANSLIM, then I would be interested to hear it. If > you can't, then I don't understand your insistence to > discuss something off topic. You don't go to the > dentist after all and insist that he discuss your knee > pain with you. There is a right place for everything. > > I think I have tried to make my point enough now. I > will not bore the list again about this topic. > > Best Regards > - Fanus > > > --- DMC197807 wrote: > > Rolf & Mark, > > > > My vote (if I get a vote) is why not discuss how to > > use canslim ideas to > > generate potential shorts? It's not like this > > little epistolary group > > hasn't gone off the track since I've been here > > (about 10 trading days), and > > it's not like it takes a lifetime to figure out > > Canslim in any event. It's > > really rather simple, and with the help of computers > > it's almost too easy. > > The real difficulty lies in disciplining oneself to > > limit or get rid of > > longs in sideways and topping markets, and be > > willing to reenter when the > > market's correction has ended and stocks are ready > > to rise again. You can > > find the names of candidates very easily for a > > little coin paid for a > > subscription to IBD and/or a subscription to > > canslim.net. > > > > For short discussions, let's just use the above > > referenced subject line > > "Re: [CANSLIM] for Short Selling" > > > > and the purists like Fanus et al (so far it seems to > > be all Fanus) can > > either eyeball them and delete them, or even program > > their Outlook Express > > to pre-delete all messages on the peripheral topic. > > > > I think it would be helpful to understand what kind > > of screen would generate > > the opposite of good longs in a bad market, if only > > for academic, > > mind-sharpening purposes. After all, if in > > traditional canslim technique > > you are looking for 1 or 2 stocks to buy per week in > > a good (M!) market, > > then why not reverse the order in a bad (M!) market. > > > > With that in mind, I'd like to explore what kinds of > > things people think > > would indicate a dangerous market, knowing in > > advance that calling a top is > > one of the hardest things to do BUT that falls tend > > to be so much more > > precipitous than climbs that there's gold in those > > hills if you can time it > > right and buy a put to get into position. > > > > In any event, VTO has provided a very handy site > > with lots of sentiment > > indicators: > > > > http://www.vtoreport.com/sentiment/cot.htm > > > > If you click on Sentiment and Bull/Bear you can see > > a very wide gap between > > bullish and bearish advisors, the kind which > > indicates a correction is > > coming. I'd say anytime you see a gap of 25% or > > more (with the bulls on > > top) you are looking at a dangerous situation. > > > > The Put/Call ratio has been very low and is now > > climbing. Again danger. > > > > The VIX has been unnaturally low for a long time, > > another coiled spring. > > > > For COTS, I prefer to use the Quasimodos.com site: > > > > http://www.quasimodos.com/marketrider/technical.php > > > > The articles are interesting, and to get the reports > > and COTs page, click > > here: > > > > http://www.quasimodos.com/marketrider/charts.php > > > > You can't paste the sites, but the first 3 on the > > right, for the Dow, the > > Naz and the SPX have a very interesting graphic > > display of the traders' > > positions. I don't know exactly what the timing is > > on these but the smart > > money seems to be betting against this market > > continuing, while the small > > speculators keep piling on the positions. Good bull > > markets (like the one > > we had from March to June) often begin with very > > small bars. > > > > DMC > > > > > > > > > > > > > > > > > > > > > > > > From: "Mark Kerson" > > To: > > Sent: Saturday, August 09, 2003 11:13 AM > > Subject: RE: [CANSLIM] short selling (WEBX) > > > > > > > I don't know. > > > > > > It does not seem inappropriate to discuss using > > CANSLIM to short on this > > > site. > > > > > > > > > In IBD, Thursday, August 7, 2003, on the front > > page of B1, in Investor's > > > Corner, the last line of the box under "Advanced > > Study" says, "Learn to > > > sell shares short during a market decline (see > > Feb. 14 Corner)" > > > > > > It seems possible (at least logical, I certainly > > can't claim that I have > > > done it or know anyone who has) to reverse the > > principles and choose > > > shorts. Therefore if someone is interested in > > exploring it, well, I > > > don't see why we can't. > > > > > > At any rate I would like too follow such a > > discussion. > > > > > > Mark > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On > > Behalf Of Fanus > > > Sent: Saturday, August 09, 2003 1:16 PM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] short selling (WEBX) > > > > > > Rolf > > > > > > Yes, WON spent about 3 pages on short selling in > > his > > > book of about 270 pages. And in these three pages > > he > > > showed two chart patterns and doesn't mention any > > of > > > the CANSLIM attributes, or reverse of them for > > > shorting. HTTMIS mentioned lots of other things > > also, > > > but this isn't a group to discuss HTTMIS. It is a > > > group to discuss CANSLIM. > > > > > > Just because he mentioned short selling in the > > book, > > > doesn't make it CANSLIM. He also mentioned > > daytrading > > > and swingtrading in his book. Also not CANSLIM. If > > you > > > decide to use reverse CANSLIM criteria to pick > > shorts > > > then it is fine. But this doesn't make it CANSLIM > > and > > > is not mentioned by WON at all as shorting > > criteria. > > > Any rules you use for shorting is your rules and > > not > > > WON's rules for CANSLIM. > > > > > > To use the criteria below, where in CANSLIM, or > > HTTMIS > > > for that matter, is the "ANI" criteria mentioned > > as > > > valid shorting criteria? > > > > > > If you want to learn more about selling short, why > > not > > > find a discussion group which main goal is to > > discuss > > > shorting methods and criteria? I sell short > > stocks > > > too and I am not against shorting. I am just > > against > > > discussing it out of place. > > > > > > Best Regards > > > - Fanus > > > > > > --- Rolf Hertenstein wrote: > > > > ----- Original Message ----- > > > === 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. - - - -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 11:21:05 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] KKD Breakout Hi Yien, Here are some quick notations and thoughts on the KKD chart: http://www.breakoutwatch.com/katherine/KKD081403.JPG Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Pete Sent: Thursday, August 14, 2003 11:12 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] KKD Breakout Yien, great questions if you look at the weekly chart you'll see the handle is 5 wks long - ----- Original Message ----- From: "Yien T Lung" To: Sent: Thursday, August 14, 2003 12:02 PM 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. - - - -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 10:27:30 -0600 From: Subject: RE: [CANSLIM] for Short Selling I love shorting stocks and agree that if we are truly opportunistic (and we know WON is) then we should at least study if not actually short stocks. I think that Mark Boucher did an excellent job with making shorting rules in his course at the Tradingmarkets site as well as in his book The Hedge Fund Edge. His criteria with a few modifications are where I get 80% of my position trade shorts. - -David Taggart - -----Original Message----- From: Ian [mailto:ianstm@shaw.ca] Sent: Thursday, August 14, 2003 10:50 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] for Short Selling Fanus: I, for one, believe that shorting is an integral part of CANSLIM. If CANSLIM rules scream 'SELL', and are indicative of a trend reversal, why would one not want to profit from the downtrend? After all, the 'real' point of all of this is to make money, and CANSLIM stocks often have significant moves to the downside. Maybe this group can be the original source for 'formal' CANSLIM shorting rules... I'd like to hear how others use CANSLIM patterns for shorting (weak volume rises, poor chart setups, failed tops etc...) Cheers, Ian - ----- Original Message ----- From: "Fanus" To: Sent: Sunday, August 10, 2003 12:46 PM Subject: Re: [CANSLIM] for Short Selling > DMC > > Below is a fraction of the welcome e-mail Jeff sent to > each one when you subscribe. Since you are a member > for about 10 trading days, this should still be fresh > in your mind. > > ---Start of quote > This is an unmoderated discussion group whose purpose > is to provide a forum for individuals to: > > 1. Discuss the ideas and concepts of CANSLIM. > 2. Add to the concepts of CANSLIM from personal > experience. > 3. Exchange sources of information on the internet > that can be used to select stocks using the CANSLIM > methodology. > 4. Discuss specific equities and how they may or may > not meet the CANSLIM criteria. > ---End of quote. > > I agree with all your points about shorting in bear > markets, etc. My point is just that if you are > interested to discuss topics other than CANSLIM, there > are appropriate groups to do so. If you can make a > good arguement on why any kind of shorting is part of > CANSLIM, then I would be interested to hear it. If > you can't, then I don't understand your insistence to > discuss something off topic. You don't go to the > dentist after all and insist that he discuss your knee > pain with you. There is a right place for everything. > > I think I have tried to make my point enough now. I > will not bore the list again about this topic. > > Best Regards > - Fanus > > > --- DMC197807 wrote: > > Rolf & Mark, > > > > My vote (if I get a vote) is why not discuss how to > > use canslim ideas to > > generate potential shorts? It's not like this > > little epistolary group > > hasn't gone off the track since I've been here > > (about 10 trading days), and > > it's not like it takes a lifetime to figure out > > Canslim in any event. It's > > really rather simple, and with the help of computers > > it's almost too easy. > > The real difficulty lies in disciplining oneself to > > limit or get rid of > > longs in sideways and topping markets, and be > > willing to reenter when the > > market's correction has ended and stocks are ready > > to rise again. You can > > find the names of candidates very easily for a > > little coin paid for a > > subscription to IBD and/or a subscription to > > canslim.net. > > > > For short discussions, let's just use the above > > referenced subject line > > "Re: [CANSLIM] for Short Selling" > > > > and the purists like Fanus et al (so far it seems to > > be all Fanus) can > > either eyeball them and delete them, or even program > > their Outlook Express > > to pre-delete all messages on the peripheral topic. > > > > I think it would be helpful to understand what kind > > of screen would generate > > the opposite of good longs in a bad market, if only > > for academic, > > mind-sharpening purposes. After all, if in > > traditional canslim technique > > you are looking for 1 or 2 stocks to buy per week in > > a good (M!) market, > > then why not reverse the order in a bad (M!) market. > > > > With that in mind, I'd like to explore what kinds of > > things people think > > would indicate a dangerous market, knowing in > > advance that calling a top is > > one of the hardest things to do BUT that falls tend > > to be so much more > > precipitous than climbs that there's gold in those > > hills if you can time it > > right and buy a put to get into position. > > > > In any event, VTO has provided a very handy site > > with lots of sentiment > > indicators: > > > > http://www.vtoreport.com/sentiment/cot.htm > > > > If you click on Sentiment and Bull/Bear you can see > > a very wide gap between > > bullish and bearish advisors, the kind which > > indicates a correction is > > coming. I'd say anytime you see a gap of 25% or > > more (with the bulls on > > top) you are looking at a dangerous situation. > > > > The Put/Call ratio has been very low and is now > > climbing. Again danger. > > > > The VIX has been unnaturally low for a long time, > > another coiled spring. > > > > For COTS, I prefer to use the Quasimodos.com site: > > > > http://www.quasimodos.com/marketrider/technical.php > > > > The articles are interesting, and to get the reports > > and COTs page, click > > here: > > > > http://www.quasimodos.com/marketrider/charts.php > > > > You can't paste the sites, but the first 3 on the > > right, for the Dow, the > > Naz and the SPX have a very interesting graphic > > display of the traders' > > positions. I don't know exactly what the timing is > > on these but the smart > > money seems to be betting against this market > > continuing, while the small > > speculators keep piling on the positions. Good bull > > markets (like the one > > we had from March to June) often begin with very > > small bars. > > > > DMC > > > > > > > > > > > > > > > > > > > > > > > > From: "Mark Kerson" > > To: > > Sent: Saturday, August 09, 2003 11:13 AM > > Subject: RE: [CANSLIM] short selling (WEBX) > > > > > > > I don't know. > > > > > > It does not seem inappropriate to discuss using > > CANSLIM to short on this > > > site. > > > > > > > > > In IBD, Thursday, August 7, 2003, on the front > > page of B1, in Investor's > > > Corner, the last line of the box under "Advanced > > Study" says, "Learn to > > > sell shares short during a market decline (see > > Feb. 14 Corner)" > > > > > > It seems possible (at least logical, I certainly > > can't claim that I have > > > done it or know anyone who has) to reverse the > > principles and choose > > > shorts. Therefore if someone is interested in > > exploring it, well, I > > > don't see why we can't. > > > > > > At any rate I would like too follow such a > > discussion. > > > > > > Mark > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com] On > > Behalf Of Fanus > > > Sent: Saturday, August 09, 2003 1:16 PM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] short selling (WEBX) > > > > > > Rolf > > > > > > Yes, WON spent about 3 pages on short selling in > > his > > > book of about 270 pages. And in these three pages > > he > > > showed two chart patterns and doesn't mention any > > of > > > the CANSLIM attributes, or reverse of them for > > > shorting. HTTMIS mentioned lots of other things > > also, > > > but this isn't a group to discuss HTTMIS. It is a > > > group to discuss CANSLIM. > > > > > > Just because he mentioned short selling in the > > book, > > > doesn't make it CANSLIM. He also mentioned > > daytrading > > > and swingtrading in his book. Also not CANSLIM. If > > you > > > decide to use reverse CANSLIM criteria to pick > > shorts > > > then it is fine. But this doesn't make it CANSLIM > > and > > > is not mentioned by WON at all as shorting > > criteria. > > > Any rules you use for shorting is your rules and > > not > > > WON's rules for CANSLIM. > > > > > > To use the criteria below, where in CANSLIM, or > > HTTMIS > > > for that matter, is the "ANI" criteria mentioned > > as > > > valid shorting criteria? > > > > > > If you want to learn more about selling short, why > > not > > > find a discussion group which main goal is to > > discuss > > > shorting methods and criteria? I sell short > > stocks > > > too and I am not against shorting. I am just > > against > > > discussing it out of place. > > > > > > Best Regards > > > - Fanus > > > > > > --- Rolf Hertenstein wrote: > > > > ----- Original Message ----- > > > === 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. - - - -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 #3525 ****************************** 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.