From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #469 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, December 9 1998 Volume 02 : Number 469 In this issue: Re: [CANSLIM] On Sentiment? [CANSLIM] Re: Weekly Stock List [CANSLIM] Fw: Bill Gates Buys Out Santa Re: [CANSLIM] Security SW [CANSLIM] =?iso-8859-1?Q?Santa=B4s?= gift.- [CANSLIM] M [CANSLIM] On Sentiment? Re: [CANSLIM] Security SW Re: [CANSLIM] Re: Weekly Stock List [CANSLIM] DB's site [CANSLIM] security sector article Re: [CANSLIM] DB's site [CANSLIM] Yesterday's posts Re: [CANSLIM] Yesterday's posts [CANSLIM] LGTO Re: [CANSLIM] M Re: [CANSLIM] security sector article Re: [CANSLIM] LGTO Re: [CANSLIM] security sector article Re: [CANSLIM] security sector article [CANSLIM] BOP Re: [CANSLIM] security sector article [CANSLIM] Internet Access - GTE offers ADSL Re: [CANSLIM] M Re: [CANSLIM] M [CANSLIM] Applying classic Elder to current Canslim "M" Re: [CANSLIM] Applying classic Elder to current Canslim "M" Re: [CANSLIM] Applying classic Elder to current Canslim "M" ---------------------------------------------------------------------- Date: Tue, 8 Dec 1998 21:31:01 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] On Sentiment? Retail sales levels, along with the continued pattern of consumer spending exceeding growth in income, and continued monthly record bankruptcy filings, is why I continue to hold, and maybe add to, my position in EPIQ. It's just such a shame that the "M" for small caps is so poor, or this would likely have most of the CS criteria. Unfortunately, holding and/or buying right now is anything but CANSLIM. Tom W - -----Original Message----- From: Craig A. Griffin To: canslim@lists.xmission.com Date: Tuesday, December 08, 1998 10:42 AM Subject: Re: [CANSLIM] On Sentiment? Thin reed: retailers here in the Raleigh-Durham area state that they have never seen a Christmas buying spree like this one. Big ticket items are flying off the shelves. - - ------------------------------ Date: Tue, 8 Dec 1998 21:42:42 -0500 From: "Ronald J. Russell, Jr." Subject: [CANSLIM] Re: Weekly Stock List I'm glad you like the list. I use a combination of Excel and MS Access = =3D to pull the data together from several different sources. No one = =3D service/site has everything I would like to see. Ron <> - - ------------------------------ Date: Tue, 8 Dec 1998 22:33:55 -0500 From: "Tom Worley" Subject: [CANSLIM] Fw: Bill Gates Buys Out Santa An early Merry Christmas to all, and to all a good night. Tom W >> THE NIGHT BEFORE CHRISTMAS >> >> 'Twas the night before Christmas, when all through the house >> Not a creature was stirring, except Papa's mouse. >> The computer was humming, the icons were hopping, >> As Papa did last-minute Internet shopping. >> The stockings were hung by the modem with care >> In hope that St. Nicholas would bring new software. >> The children were nestled all snug in their beds, >> While visions of computer games danced in their heads. >> >> Dark Forces for Billy, and Doom II for Dan, >> And Carmen Sandiego for Pamela Ann. >> The letters to Santa had been sent out by Mom, >> To santaclaus@toyshop.northpole.com- >> Which has now been re-routed to Washington State >> Because Santa's workshop has been bought by Bill Gates. >> All the elves and reindeer have had to skedaddle >> To flashy new quarters in suburban Seattle. >> >> After centuries of life that was simple and spare, >> St. Nicholas is suddenly a new billionaire, >> With a shiny red Porsche in the place of his sleigh, >> And a house on Lake Washington that's just down the way >> From where Bill has his mansion. The old fellow preens >> In black Gucci boots and red Calvin Klein jeans. >> The elves have stock options and desks with a view, >> Where they write computer code for Johnny and Sue. >> No more dolls or toy soldiers or little toy drums >> Will be under the tree, only compact disk ROMS >> With Microsoft labels. So spin up your drive, >> From now on Christmas runs only on Windows 95. >> >> More rapid than eagles the competitors came, >> And Bill whistled, and shouted and called them by name. >> "Now, ADOBE! now, CLARIS! now, INTUIT! too, >> Now, APPLE! and NETSCAPE! you are all through, >> It is Microsoft's SANTA that the kids can't resist, >> It's the ultimate software with a traditional twist - >> Recommended by no less than the jolly old elf, >> And the package, a picture of Santa himself. >> Get 'em young, keep 'em long, is Microsoft's scheme, >> And a merger with Santa is a marketer's dream. >> To the top of the NASDAQ! to the top of the Dow! >> Now dash away! Dash away! Dash away - wow!" >> >> And Mama in her 'kerchief and I in my cap, >> Had just settled down for a long winter's nap, >> When out on the lawn there arose such a clatter, >> The whirr and the hum of our satellite platter, >> As it turned toward that new Christmas star in the sky, >> The SANTALITE owned by the Microsoft guy. >> As I sprang from my bed and was turning around, >> My computer turned on with a Jingle-Bells sound. >> And there on the screen was a smiling Bill Gates >> Next to jolly old Santa, two arm-in-arm mates. >> And I heard them exclaim in voice so bright, >> Have a MICROSOFT CHRISTMAS, >> and TO ALL A GOOD NIGHT! THE NIGHT BEFORE CHRISTMAS >> >> - - ------------------------------ Date: Wed, 9 Dec 1998 13:05:02 +1100 (EST) From: TM Subject: Re: [CANSLIM] Security SW ALDNF, AXNT, CTSC CHKPF, CYBG, CYLK, DVNTF, HNCS, ISFEA, MEMCF, SKY.TO, NETA, RNBO, SCMM, VONE, VRSN from IBD INDUSTRY BOOK TM - ---dbphoenix wrote: > > > <> > > If you mean the stocks mentioned on the website, go to the Home Page > from the link below, then Workshop, then Workshop C. If you mean the > entire group, you'd have to go to the IBD Ticker Symbol Guide. > Perhaps someone here has a copy and would be willing to provide the > list. Or perhaps IBD has done a recent feature and provided a list. > > --Db > > > > > == > > "Lessons are repeated until they are learned." > > http://home.talkcity.com/MoneySt/dbphoenix/ > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: 9 Dec 1998 01:07:21 -0300 From: Krukever Subject: [CANSLIM] =?iso-8859-1?Q?Santa=B4s?= gift.- I=B4ve been loosing some money with the ipo=B4s, hoping for recovering and waiting for santa=B4s gift, i=B4ve entered in xcit and seek. Besides, my stocks seem to be asleep, the only stops i get are loosing ones. I hope they begin to go up, especially cmvt and mxim or aeos. SALUDOS, DIEGO KRUKEVER.- - - ------------------------------ Date: Wed, 9 Dec 1998 05:33:36 -0500 From: "Charles Cangialosi" Subject: [CANSLIM] M Thanks for the replies on the NASDAQ. I re-read M in HTMMIS last night. I was hit by his comment about not trying to predict the market, oddly enough it was mentioned when I read the list this morning. I sold INTC yesterday, I had a big gain. My reason, when I saw the NASDAQ turn yesterday afternoon. I was thinking that I was really going to go down so I locked in my profit. Possibly a stupid move. I am almost all in cash right now, which is also probably a stupid move. I wont have time to look at things till later today. Maybe I can buy something. Charlie - - ------------------------------ Date: Wed, 09 Dec 1998 06:34:35 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] On Sentiment? Craig wrote: > My earlier post on the distribution day that I judged as a sell signal > actually caused me to sell my two weakest holdings. The breakouts that I > have bought since then are performing better than those I sold. So > net-net, I am about even on those trades (vs. holding straight through), > but feel that I am in better stocks than the two I let go (the new ones are > acting better). So even the invalid "sell signal" reading (if you can call > it that) worked out well. Distibution day on Tuesday in all indices. Jeffry - - ------------------------------ Date: Wed, 09 Dec 1998 06:44:29 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Security SW At 10:11 AM 12/8/98 -0500, you wrote: >Where can I get a list of the stocks in this group?Thanks > Ari > >dbphoenix wrote: > >> On my website last Friday, I noted that Security SW was one of the >> most rapidly accelerating groups. Two of the three stocks I mentioned >> at the time are doing well today, particularly VRSN. For those of you >> who are looking for something new, this may be a group worth >> investigating. >> --Db One of the smaller groups. Computer Software-Security ALDNF - Aladdin Knowledge Sys AXNT - Axent Technologies Inc CTSC - Cellular Technical Svcs CHKPF - Check Point Software Tech CYBG - Cyberguard Corp CYLK - Cylink Corp DVNTF - Diversinet Corp HNCS - HNC Software Inc ISSX - ISS Group Inc ISFEA - Infosafe Systems Inc MEMCF - Memco Software Limited MKY.TO - Milkyway Networks Corp NETA - Network Associates Inc RNBO - Rainbow Technologies SCMM - SCM Microsystems Inc VONE - V-One Corporation VRSN - Verisign Inc Regards, Frank Wolynski - - ------------------------------ Date: Wed, 09 Dec 1998 03:20:42 -0500 From: Scott Vickery Subject: Re: [CANSLIM] Re: Weekly Stock List Ronald J. Russell, Jr. wrote: > I'm glad you like the list. I use a combination of Excel and MS Access = to pull the data together from several different sources. No one = service/site has everything I would like to see. > Ron > < Scott>> > > - If you don't mind my asking: what is coming from which source? I certainly don't mind using several tools to get a job done. Scott - - ------------------------------ Date: Wed, 9 Dec 1998 08:34:27 -0500 From: "Dave Wood" Subject: [CANSLIM] DB's site DB, Just left your site - I plan to integrate several parts of your system into my trading plan; maybe even cut my workday down a bit. I have one question. You say "sixth step is to head to WSRN", What is the address of WSRN ? Dave - - ------------------------------ Date: Wed, 9 Dec 1998 08:30:27 -0500 From: "Joe Scott" Subject: [CANSLIM] security sector article This is an article by Steve Harmon on the security sector that has been mentioned here so much lately. http://fnews.yahoo.com/isdex/98/12/09/morning_981209.html joe - - ------------------------------ Date: Thu, 10 Dec 1998 00:41:41 +1100 (EST) From: dbphoenix Subject: Re: [CANSLIM] DB's site <> Looks like I neglected to link it. http://www.wsrn.com/ - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 10 Dec 1998 01:23:48 +1100 (EST) From: dbphoenix Subject: [CANSLIM] Yesterday's posts I made some posts yesterday morning regarding SW-Enterprise and CLFY and BOBJY but they haven't come back to me, so I assume they were eaten by the power outage. In any case, these may pull back to support. If so, you may want to look at them. The group is a strong one. Other high RS and accelerating groups are listed at my site. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 9 Dec 1998 09:27:54 -0500 (EST) From: Deepak Kapur Subject: Re: [CANSLIM] Yesterday's posts Db, I did receive your posts on BOBJY and CLFY. So they did clear through the mailing list. Deepak - - ------------------------------ Date: Wed, 9 Dec 1998 22:36:23 +0800 (SGT) From: rolatzi Subject: [CANSLIM] LGTO LGTO is close to a break out at around 55 and fraction. The volume has dried up nicely and it completing a hybrid cup funnel. It may make a handle but judging from recent break outs many handles are too small to hold. Ciao, rolatzi _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 9 Dec 1998 09:46:40 -0800 From: "Peter Newell" Subject: Re: [CANSLIM] M Krukever, That's right. I went in when the electric utilities tanked on a mini leap= of faith based on extensive research of what happens when the market turns a= nd high RS stocks. Since the fundamentals were still in place it and the st= ock was correcting normally, I went for it. Peter Newell - ---------- The secret is to indentify the market turns. It isn=B4t easy to find the moment for Best Buy like you said. You cannot buy at the very bottom of t= he market because at that point you don=B4t have a turnaround signal until i= t makes it first up move.- Good trading, Diego Krukever.- - -----Original Message----- From: "Peter Newell" DIEGO KRUKEVER, One thing O'neill advocates is to doing your own homework, you may find w= ays that fit your style better. I like to look at the best stocks from each run and analyze them. And in doing this I have found that picking a real good stock with good and improving fundamentals usually be bought when the market turns, one examp= le Best Buy, went from 35 to 58. Peter Newell - - - - ------------------------------ Date: Wed, 09 Dec 1998 06:45:30 -0800 From: Tim Fisher Subject: Re: [CANSLIM] security sector article Not the same thing. He's talking about a small subsector of computer security software focused on internet applications. I'd venture that none of the companies mentioned in the article are remotely CANSLIM. At 08:30 AM 12/9/98 -0500, you wrote: >This is an article by Steve Harmon on the security sector that has been >mentioned here so much lately. >http://fnews.yahoo.com/isdex/98/12/09/morning_981209.html > >joe > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Wed, 09 Dec 1998 06:57:00 -0800 From: Tim Fisher Subject: Re: [CANSLIM] LGTO Hmmm, was in this one before it was "discovered" quite so heavily. Do you think it really could break out with so much of the float held by institutions already? COMP-SOFTWARE Legato Systems TICKER LGTO EXCHANGE NSDQ SHARES OUT 37 24WK PCHG% 51.84 % INSTITUT 81.64 % INSIDERS 5.17 20D AVEVOL 600500 TREND EPGR 56.22 QEPS 0/-4 73.91 QEPS -1/-5 76.47 QEPS -2/-6 52.94 QEPS -3/-7 44.44 ROE 21.83 D/Equity 0.00 At 10:36 PM 12/9/98 +0800, you wrote: >LGTO is close to a break out at around 55 and fraction. The volume >has dried up nicely and it completing a hybrid cup funnel. It may >make a handle but judging from recent break outs many handles are too >small to hold. >Ciao, >rolatzi > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Wed, 9 Dec 1998 10:34:07 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] security sector article Tim you wrote,,, >>>Not the same thing. He's talking about a small subsector of computer security software focused on internet applications. I'd venture that none of the companies mentioned in the article are remotely CANSLIM<<<< I don't know where you get that?? The exact three Db talked about are listed along with 3 others that are in the index,, look under Security.. along with some verbiage about these being overlooked stocks... Db had mentioned AXNT NETA VRSN,, I have been watching this group for some time because I have had a position in SDTI for 7 weeks.. I don't recall Db mentioning that these were pure CS plays. I only posted the link for the benefit of those that were also watching these stocks. joe Db, if I mention any of this in error please let me know,, I don't believe I have made a mistake with this.. - - ------------------------------ Date: Wed, 09 Dec 1998 08:12:47 -0800 From: Tim Fisher Subject: Re: [CANSLIM] security sector article I reiterate: the article was tallking about a handful of the dozens of computer security co's, as provided in the full list posted to the group. The full group is doing very well in the group charts being posted to the list, no doubt in part due to the performance of the net security issues. I just wanted to point out that the "Security software" group in the article is not the same group as the IBD industry group. I could pick on the four you mention, but suffice it to say that there are many better out there that are basing or breaking out now. Each one has some faults that would keep them off my CANSLIM watch list. On 07:34 AM 12/9/98 , Joe Scott Said: >Tim you wrote,,, > >>>>Not the same thing. He's talking about a small subsector of computer >security >software focused on internet applications. I'd venture that none of the >companies mentioned in the article are remotely CANSLIM<<<< > >I don't know where you get that?? >The exact three Db talked about are listed along with 3 others that are in >the index,, look under Security.. along with some verbiage about these >being overlooked stocks... >Db had mentioned AXNT NETA VRSN,, I have been watching this group for some >time because I have had a position in SDTI for 7 weeks.. > >I don't recall Db mentioning that these were pure CS plays. > >I only posted the link for the benefit of those that were also watching >these stocks. > >joe > >Db, > if I mention any of this in error please let me know,, I don't believe I >have made a mistake with this.. > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Wed, 09 Dec 1998 12:52:49 -0500 From: Dennis Lehman Subject: [CANSLIM] BOP I just look at your chart the bop, is not good, moneystream and TSV are fine but Candlestix are show a doji which means a change of trend meaning either a sideways movement or down, also you have high volume with no further increase in price which is a CANSLIM warning. You are correct about support at $14.00. I do not know at what price you purchased the stock, I would guess at $10.00, you already have a good profit , you may want to take some. I would keep a very sharp eye on it. The only information about Bop is in your help menu, goto contents, goto Learn more about TC2000., goto How you can do a BOP scan. There is more about BOP under Index. Dennis - - ------------------------------ Date: Thu, 10 Dec 1998 01:43:44 +0800 (SGT) From: dbphoenix Subject: Re: [CANSLIM] security sector article <> Not that I know of. Are we back to discussing CANSLIM only? It's so hard to keep track. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 09 Dec 1998 13:13:16 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Internet Access - GTE offers ADSL I received the following email today from GTE. Thought some of you Internuts might be interested. Regards, Frank Wolynski - ------------------------------------------------------------- Work the web at new speeds up to 25 times faster than 56K with DSL from GTE Internetworking. GTE is excited to be the first to offer you this new, state-of-the-art DSL (Digital Subscriber Line) service, with speeds up to 1.5 Mbps. With DSL, you can work the web, play games and download at the highest possible speeds. DSL keeps you constantly connected to the Internet, so you're always just a few clicks away from your favorite Internet activity. And, it works with your current phone line. Here's a look at a few of the benefits of DSL: - - Speeds up to 25 times faster than a 56K modem - - Dedicated access - you're connected to the Internet 24 hours a day - - Works on your existing phone line - - Work the Web and talk or fax simultaneously - - No more disconnects for busy signals You can be one of the first to take advantage of this exciting new technology from GTE Internetworking - so fasten your seat belt, and give us a call today to see if your area qualifies for DSL: 1-888-483-9703. GTE Internetworking **NOTE: DSL service is dependent upon local network conditions and distance from Central Office in each area. Each phone line must be tested and qualified. Testing may be done at time of order. DSL not available in all areas. - - ------------------------------ Date: Wed, 09 Dec 1998 12:56:26 -0600 From: "John Adair, M.D." Subject: Re: [CANSLIM] M I am not sure how much weight to put on the Accumulation/distribution (a,b,c,d,e) of the 6000 charts in IBD but it seems to be holding up well if you look back a few months to july of 98 it is about the same for the A & B portion is now at about 63% of the group with only 5% in the E category. The % in the A+B group didont start dropping until May 98. It went from 65 in may to 54% in june ane 45% in july from there it was all down hill. However someone listed a site showing a different take. I wish he would list that site again so I could follow it. For now I am not fearful just aware. How do the others out there feel. John ADair Charles Cangialosi wrote: > Thanks for the replies on the NASDAQ. I re-read M in HTMMIS last night. I > was hit by his comment about not trying to predict the market, oddly enough > it was mentioned when I read the list this morning. > I sold INTC yesterday, I had a big gain. My reason, when I saw the NASDAQ > turn yesterday afternoon. I was thinking that I was really going to go down > so I locked in my profit. Possibly a stupid move. I am almost all in cash > right now, which is also probably a stupid move. > I wont have time to look at things till later today. Maybe I can buy > something. > > Charlie > > - - - ------------------------------ Date: Wed, 09 Dec 1998 12:56:26 -0600 From: "John Adair, M.D." Subject: Re: [CANSLIM] M I am not sure how much weight to put on the Accumulation/distribution (a,b,c,d,e) of the 6000 charts in IBD but it seems to be holding up well if you look back a few months to july of 98 it is about the same for the A & B portion is now at about 63% of the group with only 5% in the E category. The % in the A+B group didont start dropping until May 98. It went from 65 in may to 54% in june ane 45% in july from there it was all down hill. However someone listed a site showing a different take. I wish he would list that site again so I could follow it. For now I am not fearful just aware. How do the others out there feel. John ADair Charles Cangialosi wrote: > Thanks for the replies on the NASDAQ. I re-read M in HTMMIS last night. I > was hit by his comment about not trying to predict the market, oddly enough > it was mentioned when I read the list this morning. > I sold INTC yesterday, I had a big gain. My reason, when I saw the NASDAQ > turn yesterday afternoon. I was thinking that I was really going to go down > so I locked in my profit. Possibly a stupid move. I am almost all in cash > right now, which is also probably a stupid move. > I wont have time to look at things till later today. Maybe I can buy > something. > > Charlie > > - - - ------------------------------ Date: Wed, 09 Dec 1998 15:44:13 -0500 From: Walter Stock Subject: [CANSLIM] Applying classic Elder to current Canslim "M" When trying to decipher "M", I concentrate on three things (ok, ok, I admit I pay attention to lots of economic "noise" too). Anyway the three are: 1) WON's follow-through and distribution signals according to HTMMIS and his IBD series. 2) Market psychology (see IBD Thursday editions for sentiment indicators). 3) Dr. Alexander Elder's Triple Screen If you are using triple screen with the S&P 500 or Nasdaq indices this year, you are making substantial money. Go to Bigcharts and pull up a Nasdaq chart using the following parameters: Symbol: Nasdaq Time: 1 year Frequency: Weekly Lower indicator: MACD Leave the rest of the fields blank. Remember that these are the correct settings for an intermediate-term Canslim-style trader. Following this first screen alone, and looking for initial MACD-histogram upticks for entry into the market, this would have been your "M" schedule for the year: In: Last week of December 97 Out: 1st week April 98 In: 3rd week June Out: 3rd week July In: 2nd week Sept Out: 4th week Sept In: 2nd week October We are still in today and will exit with the first downtick in the MACD-histogram. More cautious triple-screeners will already be taking profits and exiting weaker stocks. ( I have already cut back to 30% invested.) I don't think you ask for much better "M" results for this year. Then again, Elder's approach works best in the kind of trending markets we have been in. (So don't fall in love with just one bloody indicator.) Newbies interested in applying this to individual stocks should look up my series from last spring in the archives (especially the applications using KEA and other stocks). The full triple screen is applied there in some detail. Hope this helps, Walter Stock Oakville, ON, Canada - - ------------------------------ Date: Wed, 09 Dec 1998 20:27:12 -0600 From: "John Adair, M.D." Subject: Re: [CANSLIM] Applying classic Elder to current Canslim "M" Sounds good. can you tell me how to get into the archives for a year ago. John Adair Walter Stock wrote: > When trying to decipher "M", I concentrate on three > things (ok, ok, I admit I pay attention to lots > of economic "noise" too). > > Anyway the three are: > 1) WON's follow-through and distribution signals > according to HTMMIS and his IBD series. > 2) Market psychology (see IBD Thursday editions > for sentiment indicators). > 3) Dr. Alexander Elder's Triple Screen > > If you are using triple screen with the S&P 500 or > Nasdaq indices this year, you are making substantial money. > > Go to Bigcharts and pull up a Nasdaq chart using > the following parameters: > > Symbol: Nasdaq > Time: 1 year > Frequency: Weekly > Lower indicator: MACD > Leave the rest of the fields blank. > > Remember that these are the correct settings for an > intermediate-term Canslim-style trader. > > Following this first screen alone, and looking for initial > MACD-histogram upticks for entry into the market, > this would have been your "M" schedule for the year: > > In: Last week of December 97 > Out: 1st week April 98 > > In: 3rd week June > Out: 3rd week July > > In: 2nd week Sept > Out: 4th week Sept > > In: 2nd week October > We are still in today and will exit with the first downtick > in the MACD-histogram. More cautious triple-screeners > will already be taking profits and exiting weaker stocks. > ( I have already cut back to 30% invested.) > > I don't think you ask for much better "M" results for > this year. Then again, Elder's approach works best in > the kind of trending markets we have been in. > (So don't fall in love with just one bloody indicator.) > > Newbies interested in applying this to individual stocks > should look up my series from last spring in the archives > (especially the applications using KEA and other stocks). > The full triple screen is applied there in some detail. > > Hope this helps, > > Walter Stock > Oakville, ON, Canada > > - - - ------------------------------ Date: Thu, 10 Dec 1998 11:41:52 +0800 (SGT) From: rolatzi Subject: Re: [CANSLIM] Applying classic Elder to current Canslim "M" Walter, I am using qp2 and running a scan to help me keep track of the market. Just hours before your posting I began to work on a scan to determine the MACD histogram for each of the indices that I use. I will do daily updates but want to use the MACD parameters which are appropriate for the weekly MACD. I need help in determining the correct parameters. For the moment I am using 5*5, 35*5 and 4*5 but I don't know if they are optimal. I started to look through Elder's book but didn't find the parameters. Any help from you would be appreciated. Thanks, Rolatzi - ---Walter Stock wrote: > > When trying to decipher "M", I concentrate on three > things (ok, ok, I admit I pay attention to lots > of economic "noise" too). > > Anyway the three are: > 1) WON's follow-through and distribution signals > according to HTMMIS and his IBD series. > 2) Market psychology (see IBD Thursday editions > for sentiment indicators). > 3) Dr. Alexander Elder's Triple Screen > > If you are using triple screen with the S&P 500 or > Nasdaq indices this year, you are making substantial money. > > Go to Bigcharts and pull up a Nasdaq chart using > the following parameters: > > Symbol: Nasdaq > Time: 1 year > Frequency: Weekly > Lower indicator: MACD > Leave the rest of the fields blank. > > Remember that these are the correct settings for an > intermediate-term Canslim-style trader. > > Following this first screen alone, and looking for initial > MACD-histogram upticks for entry into the market, > this would have been your "M" schedule for the year: > > In: Last week of December 97 > Out: 1st week April 98 > > In: 3rd week June > Out: 3rd week July > > In: 2nd week Sept > Out: 4th week Sept > > In: 2nd week October > We are still in today and will exit with the first downtick > in the MACD-histogram. More cautious triple-screeners > will already be taking profits and exiting weaker stocks. > ( I have already cut back to 30% invested.) > > I don't think you ask for much better "M" results for > this year. Then again, Elder's approach works best in > the kind of trending markets we have been in. > (So don't fall in love with just one bloody indicator.) > > Newbies interested in applying this to individual stocks > should look up my series from last spring in the archives > (especially the applications using KEA and other stocks). > The full triple screen is applied there in some detail. > > Hope this helps, > > Walter Stock > Oakville, ON, Canada > > > > > > > > > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ End of canslim-digest V2 #469 ***************************** 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.