From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3545 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 Wednesday, August 20 2003 Volume 02 : Number 3545 In this issue: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? [CANSLIM] SSYS Going Through 50 dma and more RE: [CANSLIM] SSYS Going Through 50 dma and more RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? Re: [CANSLIM] SSYS Going Through 50 dma and more RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? ---------------------------------------------------------------------- Date: Wed, 20 Aug 2003 10:41:48 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? LF failed to sustain its move above it's pivot point of $34.77 set on 6/18 today. The effect of this is that has now set a new pivot point of today's high of $34.99, with the left side of the cup unchanged at $35.70 on 12/03/02. The next few days will show if it forms a new handle and presents another valid entry point. If it were to do so, the action in the right side of the cup leading up to the new pivot point would not seem to favor a strong breakout from the new pivot point. Aloha, Mike Gibbons http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Wednesday, August 20, 2003 10:16 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? I personally hate watching something like the LF scenario, and having to make the choice to sell off a stock that may be doing okay, that is giving no sell signs, in order to free up capital to make the purchase. Then of course, the new stock reverses, and the one you sold takes off to the sky..... Thanks for letting me hop on the "things that frustrate investors" bandwagon. You Texans sure know how to draw a wagon train! :) 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 Tomas To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in ission.com yesterday? 08/20/2003 03:01 PM Please respond to canslim Kelly, Sounds like you are asking if there is any way we could figure out a way to predict the future. :). j/k. In any case, I know how you feel. I think everyone here has been in that situation at one time or another, and probably more times. Actually, it happens to me a few times the last few months. Been eyeing a stock for a long time, and seeing it about to BO. Then it BO with a %10+ price. Then I just jump up and down and curse at the air. :). Look at the bright side, it is still withing the entry point. Your Fellow Texan, tomas - --- michael_niemotka@baxter.com wrote: > > Brad, > > I'm sorry, I meant to say 8/14 NOT 7/14. Sorry > about that. > > 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 > > > > > > bflauaus > > > To: > canslim@lists.xmission.com > > Sent by: cc: > > > owner-canslim@lists.xm > Subject: RE: [CANSLIM] LF - Frustration! Could I > have gotten in > ission.com > yesterday? > > > > > > > > 08/20/2003 02:48 PM > > > Please respond to > > > canslim > > > > > > > > > > > > > Mike, > > I looked at the LF on 7/14 and cannot identify the > MACD crossover. I see > x-overs on the 8th and 28th, but not the 14th. > > Am I missing something here? I am using MACD(12,26) > and MACD EMA(9). > > Brad > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of > michael_niemotka@baxter.com > Sent: Wednesday, August 20, 2003 1:27 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] LF - Frustration! Could I > have gotten in > yesterday? > > > > Kelly, > > I have also been watching LF. > I would however, argue that the pivot point is at > $34.77 (high on 6/18), > and that even though it would be nice to have the > 9+% gain from today, on > top of any future profits, if you are following > CANSLIM then you wait for > high vol breakout above the pivot. (That could > still happen today, since > it was above 34.77 intraday). > > As far as technical indicators, on 7/14 the MACD > crossed over the signal > line, which some people take as a buy sign. I have > been checking this > signal as a secondary confirmation when I see a > breakout occurring, but > have not done extensive backtesting on this. > > I know how you feel when you see a huge single day > gain on a stock that you > are willing to purchase, but if you choose to enter > a position prior to a > breakout, you do so at addition risk. > > You just have to decide how the risk reward ratio > fits into your personal > style. > > 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 > > > > "Kelly Short" > canslim@lists.xmission.com > ris.com> cc: > Sent by: > Subject: [CANSLIM] LF > - > Frustration! Could I have gotten in yesterday? > owner-canslim@lists.xm > ission.com > > > 08/20/2003 01:03 PM > Please respond to > canslim > > > > > > > Folks, (that's Texan for "Everyone") > > LF has been on my watch list and I was awaiting an > alert from my > breakoutwatch.com subscription which if I had > received I was planning to > purchase it. Today, LF broke out and by the time I > was able to check the > breakout alert and stock action it was already up 9% > for the day, but not > yet above the breakout price. I could have gotten > in, and might still do > that tomorrow if it pulls back, but I am frustrated > that a stock, on my > watch list, which I was willing to purchase, would > run up so much before I > could do anything about it. Therefore, I pose the > following question: > > Given the action of LF (see attached chart) are > there any technical > indicators that could have notified me **yesterday** > that this stock was > going to rocket off today? Is it reasonable to > believe I could have bought > the stock yesterday to participate in today's action > and still be following > CANSLIM rules? I would greatly appreciate anyone's > advice on this. > > Frustrated Texan, > > Kelly > (See attached file: LF.gif) > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > > > > === 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. ------------------------------ Date: Wed, 20 Aug 2003 16:36:57 -0400 From: "Steve Goodwin" Subject: [CANSLIM] SSYS Going Through 50 dma and more This is a multi-part message in MIME format. - ------=_NextPart_000_0254_01C36739.45DF3A40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hey, Does anyone want to venture a guess as to why SSYS has risen over 20% in = the last 2 sessions? Besides the 50 dma line and the "IBD effect", what = else could it be? Fundamentally sound small stock on top of IBD heap @ = the moment but... Kelly, since you attempting to predict the future now... any insights? = (:*>... - - S sgoodwin@cfl.rr.com SOA ... "The ability of a company to respond quickly and efficiently to = change and to leverage change for a competitive advantage." - Jason = Bloomberg - ------=_NextPart_000_0254_01C36739.45DF3A40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hey,
 
Does anyone want to venture a = guess as to why=20 SSYS has risen over 20% in the last 2 sessions?  Besides the 50 dma = line=20 and the "IBD effect", what else could it be?  Fundamentally sound = small=20 stock on top of IBD heap @ the moment but...
 
Kelly, since you attempting = to predict the=20 future now... any insights?   (:*>...
 
- S
sgoodwin@cfl.rr.com
 
SOA ... "The ability of a company to = respond=20 quickly and efficiently to change and to leverage change for a = competitive=20 advantage." - Jason Bloomberg
- ------=_NextPart_000_0254_01C36739.45DF3A40-- - - - -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, 20 Aug 2003 15:51:24 -0500 From: "Kelly Short" Subject: RE: [CANSLIM] SSYS Going Through 50 dma and more This is a multi-part message in MIME format. - ------_=_NextPart_001_01C3675C.D19FB693 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Steve, =20 Tomas sent me the key to predicting the future offline and while I won't = share it with you I'll tell you what will happen tomorrow : SSYS will go = up or down. =20 Probably not the answer you were looking for, but then I'm not the = person to really answer the question either, so there you go. It does = look like it's forming a cup with handle formation given the chart = action along with volume action. IMHO. =20 Kelly - -----Original Message----- From: Steve Goodwin [mailto:sgoodwin@cfl.rr.com] Sent: Wednesday, August 20, 2003 3:37 PM To: canslim@lists.xmission.com Subject: [CANSLIM] SSYS Going Through 50 dma and more Hey, =20 Does anyone want to venture a guess as to why SSYS has risen over 20% in = the last 2 sessions? Besides the 50 dma line and the "IBD effect", what = else could it be? Fundamentally sound small stock on top of IBD heap @ = the moment but... =20 Kelly, since you attempting to predict the future now... any insights? = (:*>... =20 - - S sgoodwin@cfl.rr.com =20 SOA ... "The ability of a company to respond quickly and efficiently to = change and to leverage change for a competitive advantage." - Jason = Bloomberg - ------_=_NextPart_001_01C3675C.D19FB693 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Steve,
 
Tomas=20 sent me the key to predicting the future offline and while I won't share = it with=20 you I'll tell you what will happen tomorrow : SSYS will go up or=20 down.
 
Probably not the answer you were looking for, but then I'm not = the person=20 to really answer the question either, so there you go. It does look like = it's=20 forming a cup with handle formation given the chart action along with = volume=20 action. IMHO.
 
Kelly
-----Original Message-----
From: Steve Goodwin=20 [mailto:sgoodwin@cfl.rr.com]
Sent: Wednesday, August 20, = 2003 3:37=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM] SSYS=20 Going Through 50 dma and more

Hey,
 
Does anyone want to venture a = guess as to=20 why SSYS has risen over 20% in the last 2 sessions?  Besides the = 50 dma=20 line and the "IBD effect", what else could it be?  Fundamentally = sound=20 small stock on top of IBD heap @ the moment but...
 
Kelly, since you attempting = to predict the=20 future now... any insights?   (:*>...
 
- S
sgoodwin@cfl.rr.com
 
SOA ... "The ability of a company to = respond=20 quickly and efficiently to change and to leverage change for a = competitive=20 advantage." - Jason Bloomberg
- ------_=_NextPart_001_01C3675C.D19FB693-- - - - -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, 20 Aug 2003 16:25:02 -0500 From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? Mike, I understand that the way you described it is how the algorithm at breakoutwatch will watch the chart, but from a human eye perspective, it could be possible that the breakout will be sustained tomorrow. If it is again on high volume, would it not offer a valid entry point? I am speaking in a strictly WON interpretation, but of course I am going from memory here, and it is the end of a long day..... Did you make your software handle a failed breakout in this fashion because of backtesting, or your interpretation of WON rules. Keep up the great work. 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 "Mike Gibbons" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in ission.com yesterday? 08/20/2003 03:41 PM Please respond to canslim LF failed to sustain its move above it's pivot point of $34.77 set on 6/18 today. The effect of this is that has now set a new pivot point of today's high of $34.99, with the left side of the cup unchanged at $35.70 on 12/03/02. The next few days will show if it forms a new handle and presents another valid entry point. If it were to do so, the action in the right side of the cup leading up to the new pivot point would not seem to favor a strong breakout from the new pivot point. Aloha, Mike Gibbons http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Wednesday, August 20, 2003 10:16 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? I personally hate watching something like the LF scenario, and having to make the choice to sell off a stock that may be doing okay, that is giving no sell signs, in order to free up capital to make the purchase. Then of course, the new stock reverses, and the one you sold takes off to the sky..... Thanks for letting me hop on the "things that frustrate investors" bandwagon. You Texans sure know how to draw a wagon train! :) 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 Tomas To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in ission.com yesterday? 08/20/2003 03:01 PM Please respond to canslim Kelly, Sounds like you are asking if there is any way we could figure out a way to predict the future. :). j/k. In any case, I know how you feel. I think everyone here has been in that situation at one time or another, and probably more times. Actually, it happens to me a few times the last few months. Been eyeing a stock for a long time, and seeing it about to BO. Then it BO with a %10+ price. Then I just jump up and down and curse at the air. :). Look at the bright side, it is still withing the entry point. Your Fellow Texan, tomas - --- michael_niemotka@baxter.com wrote: > > Brad, > > I'm sorry, I meant to say 8/14 NOT 7/14. Sorry > about that. > > 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 > > > > > > bflauaus > > > To: > canslim@lists.xmission.com > > Sent by: cc: > > > owner-canslim@lists.xm > Subject: RE: [CANSLIM] LF - Frustration! Could I > have gotten in > ission.com > yesterday? > > > > > > > > 08/20/2003 02:48 PM > > > Please respond to > > > canslim > > > > > > > > > > > > > Mike, > > I looked at the LF on 7/14 and cannot identify the > MACD crossover. I see > x-overs on the 8th and 28th, but not the 14th. > > Am I missing something here? I am using MACD(12,26) > and MACD EMA(9). > > Brad > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of > michael_niemotka@baxter.com > Sent: Wednesday, August 20, 2003 1:27 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] LF - Frustration! Could I > have gotten in > yesterday? > > > > Kelly, > > I have also been watching LF. > I would however, argue that the pivot point is at > $34.77 (high on 6/18), > and that even though it would be nice to have the > 9+% gain from today, on > top of any future profits, if you are following > CANSLIM then you wait for > high vol breakout above the pivot. (That could > still happen today, since > it was above 34.77 intraday). > > As far as technical indicators, on 7/14 the MACD > crossed over the signal > line, which some people take as a buy sign. I have > been checking this > signal as a secondary confirmation when I see a > breakout occurring, but > have not done extensive backtesting on this. > > I know how you feel when you see a huge single day > gain on a stock that you > are willing to purchase, but if you choose to enter > a position prior to a > breakout, you do so at addition risk. > > You just have to decide how the risk reward ratio > fits into your personal > style. > > 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 > > > > "Kelly Short" > canslim@lists.xmission.com > ris.com> cc: > Sent by: > Subject: [CANSLIM] LF > - > Frustration! Could I have gotten in yesterday? > owner-canslim@lists.xm > ission.com > > > 08/20/2003 01:03 PM > Please respond to > canslim > > > > > > > Folks, (that's Texan for "Everyone") > > LF has been on my watch list and I was awaiting an > alert from my > breakoutwatch.com subscription which if I had > received I was planning to > purchase it. Today, LF broke out and by the time I > was able to check the > breakout alert and stock action it was already up 9% > for the day, but not > yet above the breakout price. I could have gotten > in, and might still do > that tomorrow if it pulls back, but I am frustrated > that a stock, on my > watch list, which I was willing to purchase, would > run up so much before I > could do anything about it. Therefore, I pose the > following question: > > Given the action of LF (see attached chart) are > there any technical > indicators that could have notified me **yesterday** > that this stock was > going to rocket off today? Is it reasonable to > believe I could have bought > the stock yesterday to participate in today's action > and still be following > CANSLIM rules? I would greatly appreciate anyone's > advice on this. > > Frustrated Texan, > > Kelly > (See attached file: LF.gif) > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > > > > === 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. - - - -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, 20 Aug 2003 17:20:27 -0400 From: "Steve Goodwin" Subject: Re: [CANSLIM] SSYS Going Through 50 dma and more This is a multi-part message in MIME format. - ------=_NextPart_000_0275_01C3673F.5984ECB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly, SSYS did shoot through it's 50 day moving avg.. I'll chalk last two = days move to the "IBD effect". IMHO, correction to trend only, not a new CwH formation. Thanks for the insight though. - - S sgoodwin@cfl.rr.com SOA ... "The ability of a company to respond quickly and efficiently to = change and to leverage change for a competitive advantage." - Jason = Bloomberg ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 20, 2003 4:51 PM Subject: RE: [CANSLIM] SSYS Going Through 50 dma and more Steve, Tomas sent me the key to predicting the future offline and while I = won't share it with you I'll tell you what will happen tomorrow : SSYS = will go up or down. Probably not the answer you were looking for, but then I'm not the = person to really answer the question either, so there you go. It does = look like it's forming a cup with handle formation given the chart = action along with volume action. IMHO. Kelly -----Original Message----- From: Steve Goodwin [mailto:sgoodwin@cfl.rr.com] Sent: Wednesday, August 20, 2003 3:37 PM To: canslim@lists.xmission.com Subject: [CANSLIM] SSYS Going Through 50 dma and more Hey, Does anyone want to venture a guess as to why SSYS has risen over = 20% in the last 2 sessions? Besides the 50 dma line and the "IBD = effect", what else could it be? Fundamentally sound small stock on top = of IBD heap @ the moment but... Kelly, since you attempting to predict the future now... any = insights? (:*>... - S sgoodwin@cfl.rr.com SOA ... "The ability of a company to respond quickly and efficiently = to change and to leverage change for a competitive advantage." - Jason = Bloomberg - ------=_NextPart_000_0275_01C3673F.5984ECB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly,
 
SSYS did shoot through it's 50 day = moving=20 avg..  I'll chalk last two days move to the "IBD = effect".
 
IMHO, correction to trend only, not a = new CwH=20 formation.
 
Thanks for the insight = though.
 
 
SOA ... "The ability of a company to respond quickly and = efficiently to=20 change and to leverage change for a competitive advantage." - Jason=20 Bloomberg
----- Original Message -----
From:=20 Kelly Short
Sent: Wednesday, August 20, = 2003 4:51=20 PM
Subject: RE: [CANSLIM] SSYS = Going Through=20 50 dma and more

Steve,
 
Tomas sent me the key to predicting the future offline and = while I=20 won't share it with you I'll tell you what will happen tomorrow : SSYS = will go=20 up or down.
 
Probably not the answer you were looking for, but then I'm = not the=20 person to really answer the question either, so there you go. It does = look=20 like it's forming a cup with handle formation given the chart action = along=20 with volume action. IMHO.
 
Kelly
-----Original Message-----
From: Steve Goodwin=20 [mailto:sgoodwin@cfl.rr.com]
Sent: Wednesday, August 20, = 2003 3:37=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 SSYS Going Through 50 dma and more

Hey,
 
Does anyone want to venture a = guess as to=20 why SSYS has risen over 20% in the last 2 sessions?  Besides = the 50 dma=20 line and the "IBD effect", what else could it be?  = Fundamentally sound=20 small stock on top of IBD heap @ the moment but...
 
Kelly, since you attempting = to predict the=20 future now... any insights?   (:*>...
 
- S
sgoodwin@cfl.rr.com
 
SOA ... "The ability of a company = to respond=20 quickly and efficiently to change and to leverage change for a = competitive=20 advantage." - Jason=20 Bloomberg
- ------=_NextPart_000_0275_01C3673F.5984ECB0-- - - - -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, 20 Aug 2003 12:05:03 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? Hi Mike, As I see it, there are two components to a breakout - price and volume. There is certainly room for debate over what period the volume must be sustained to qualify for the 150% of adv - is it the exact day of the breakout attempt or could the volume come in over several days? So provided a stock closes above it's pivot on less than 150% volume, it could be called a weak breakout which may or may not be sustained over the next few days. We currently put a strict interpretation on the breakout rule and call it a failed breakout if the price AND volume criteria are not met. I feel there is less room for debate over the price action. Today's intraday high was above the previous pivot but it closed below indicating that the sellers had the upper hand at the end of the day. Because the intraday high was above the old pivot, a new pivot was set and I think it's appropriate to consider any future action in relation to that new pivot rather than the old one. Regardless of these somewhat arcane issues, it seems to me that the current price/volume action of LF is volatile and while obviously good profits can be had, they are at a high risk. I have a low risk tolerance and would avoid it - I've been whipsawed out of this one before! Aloha, Mike Gibbons http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Wednesday, August 20, 2003 11:25 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? Mike, I understand that the way you described it is how the algorithm at breakoutwatch will watch the chart, but from a human eye perspective, it could be possible that the breakout will be sustained tomorrow. If it is again on high volume, would it not offer a valid entry point? I am speaking in a strictly WON interpretation, but of course I am going from memory here, and it is the end of a long day..... Did you make your software handle a failed breakout in this fashion because of backtesting, or your interpretation of WON rules. Keep up the great work. 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 "Mike Gibbons" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in ission.com yesterday? 08/20/2003 03:41 PM Please respond to canslim LF failed to sustain its move above it's pivot point of $34.77 set on 6/18 today. The effect of this is that has now set a new pivot point of today's high of $34.99, with the left side of the cup unchanged at $35.70 on 12/03/02. The next few days will show if it forms a new handle and presents another valid entry point. If it were to do so, the action in the right side of the cup leading up to the new pivot point would not seem to favor a strong breakout from the new pivot point. Aloha, Mike Gibbons http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Wednesday, August 20, 2003 10:16 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in yesterday? I personally hate watching something like the LF scenario, and having to make the choice to sell off a stock that may be doing okay, that is giving no sell signs, in order to free up capital to make the purchase. Then of course, the new stock reverses, and the one you sold takes off to the sky..... Thanks for letting me hop on the "things that frustrate investors" bandwagon. You Texans sure know how to draw a wagon train! :) 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 Tomas To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: RE: [CANSLIM] LF - Frustration! Could I have gotten in ission.com yesterday? 08/20/2003 03:01 PM Please respond to canslim Kelly, Sounds like you are asking if there is any way we could figure out a way to predict the future. :). j/k. In any case, I know how you feel. I think everyone here has been in that situation at one time or another, and probably more times. Actually, it happens to me a few times the last few months. Been eyeing a stock for a long time, and seeing it about to BO. Then it BO with a %10+ price. Then I just jump up and down and curse at the air. :). Look at the bright side, it is still withing the entry point. Your Fellow Texan, tomas - --- michael_niemotka@baxter.com wrote: > > Brad, > > I'm sorry, I meant to say 8/14 NOT 7/14. Sorry > about that. > > 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 > > > > > > bflauaus > > > To: > canslim@lists.xmission.com > > Sent by: cc: > > > owner-canslim@lists.xm > Subject: RE: [CANSLIM] LF - Frustration! Could I > have gotten in > ission.com > yesterday? > > > > > > > > 08/20/2003 02:48 PM > > > Please respond to > > > canslim > > > > > > > > > > > > > Mike, > > I looked at the LF on 7/14 and cannot identify the > MACD crossover. I see > x-overs on the 8th and 28th, but not the 14th. > > Am I missing something here? I am using MACD(12,26) > and MACD EMA(9). > > Brad > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of > michael_niemotka@baxter.com > Sent: Wednesday, August 20, 2003 1:27 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] LF - Frustration! Could I > have gotten in > yesterday? > > > > Kelly, > > I have also been watching LF. > I would however, argue that the pivot point is at > $34.77 (high on 6/18), > and that even though it would be nice to have the > 9+% gain from today, on > top of any future profits, if you are following > CANSLIM then you wait for > high vol breakout above the pivot. (That could > still happen today, since > it was above 34.77 intraday). > > As far as technical indicators, on 7/14 the MACD > crossed over the signal > line, which some people take as a buy sign. I have > been checking this > signal as a secondary confirmation when I see a > breakout occurring, but > have not done extensive backtesting on this. > > I know how you feel when you see a huge single day > gain on a stock that you > are willing to purchase, but if you choose to enter > a position prior to a > breakout, you do so at addition risk. > > You just have to decide how the risk reward ratio > fits into your personal > style. > > 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 > > > > "Kelly Short" > canslim@lists.xmission.com > ris.com> cc: > Sent by: > Subject: [CANSLIM] LF > - > Frustration! Could I have gotten in yesterday? > owner-canslim@lists.xm > ission.com > > > 08/20/2003 01:03 PM > Please respond to > canslim > > > > > > > Folks, (that's Texan for "Everyone") > > LF has been on my watch list and I was awaiting an > alert from my > breakoutwatch.com subscription which if I had > received I was planning to > purchase it. Today, LF broke out and by the time I > was able to check the > breakout alert and stock action it was already up 9% > for the day, but not > yet above the breakout price. I could have gotten > in, and might still do > that tomorrow if it pulls back, but I am frustrated > that a stock, on my > watch list, which I was willing to purchase, would > run up so much before I > could do anything about it. Therefore, I pose the > following question: > > Given the action of LF (see attached chart) are > there any technical > indicators that could have notified me **yesterday** > that this stock was > going to rocket off today? Is it reasonable to > believe I could have bought > the stock yesterday to participate in today's action > and still be following > CANSLIM rules? I would greatly appreciate anyone's > advice on this. > > Frustrated Texan, > > Kelly > (See attached file: LF.gif) > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > > > > > === 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. - - - -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 #3545 ****************************** 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.