From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #538 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 Monday, February 22 1999 Volume 02 : Number 538 In this issue: Re: [CANSLIM] CCJ [CANSLIM] Sell Signal Analysis [CANSLIM] Gold Re:[CANSLIM] Sell Signal Analysis [CANSLIM] Level II access Re: [CANSLIM] copy of the excel sheet [CANSLIM] Db - A/D Volume on the Big Board Re: [CANSLIM] Oil and oil services; charts and groups [Connie Mack] [CANSLIM] Todays Market Action Re: [CANSLIM] Level II access [CANSLIM] Reference book on technical analysis Re: [CANSLIM] Reference book on technical analysis ---------------------------------------------------------------------- Date: Mon, 22 Feb 1999 00:32:19 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] CCJ Carter, It trades pretty thinly, ADV only 4,900 so it's possible that the day you checked IBD it had not traded the prior day, thus not listed. Currently it's not a decent CANSLIM stock, with RS of 63 and EPS of 26. Tom W stkguru@netside.net ICQ # 5568838 - -----Original Message----- From: Carter Diggs To: canslim-digest@lists.xmission.com Date: Sunday, February 21, 1999 1:09 PM Subject: [CANSLIM] CCJ Just a quick question: I was reading about Cameco Corp (CCJ on NYSE according to Yahoo) and cannot find it in the main NYSE IBD table. It's trading at about 22, so shouldn't be excluded on this basis.What am I missing? - - - - ------------------------------ Date: Mon, 22 Feb 1999 06:51:12 -0600 (CST) From: mckeen@ix.netcom.com Subject: [CANSLIM] Sell Signal Analysis Db and Tom, Briefly, from what you're saying here, Db looks at the indexes, and Tom concentrates on individual stocks. Am I interpretating your analyses correctly. How about watching both? Mary - - ------------------------------ Date: Mon, 22 Feb 1999 07:17:27 -0600 (CST) From: mckeen@ix.netcom.com Subject: [CANSLIM] Gold Here is an article about the Canadian market's outlook on gold. Mary http://www.theglobeandmail.com/gam/ROB/19990222/RBULL.html - - ------------------------------ Date: Mon, 22 Feb 1999 06:21:36 -0800 (PST) From: dbphoenix Subject: Re:[CANSLIM] Sell Signal Analysis <> I agree regarding U/D ratios. However, that wasn't what I was referring to in my post. What I look at is a graph of the volume of advancing issues and a graph of the volume of declining issues, not a ratio between the two. I also plot a graph of A-Es from IBD, similar to what Frank provides at his website. Whether one looks at this data in raw form or graphic form, it's much clearer and much more obvious than whatever one finds as the result of a search for "distribution days". I don't particularly care about A/D lines since they don't account for degree. All this can be done for individual stocks, of course, but the health of the overall market must be gauged first. Otherwise, one is swimming against the tide. - --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: Mon, 22 Feb 1999 11:38:34 -0800 From: John Allen Subject: [CANSLIM] Level II access Hi group, I read in IBD last week that a firm called Tradescape will offer free Level II access on the web. Could someone explain how this is going to help me when I am ready to buy my Canslim stock? Thanks John R. Allen - - ------------------------------ Date: Mon, 22 Feb 1999 14:49:14 -0600 From: "John Adair" Subject: Re: [CANSLIM] copy of the excel sheet Dan when you complete the excel sheet please put a copy on this board Or send me a copy. Thanks Xjadair - -----Original Message----- From: Dan Sutton To: canslim@lists.xmission.com Date: Sunday, February 21, 1999 10:40 AM Subject: RE: [CANSLIM] Excel sheet >Sorry about that, I should pay attention to addresses before I hit the reply >button. The message was intended for an individual, not the whole group. > > >- > > > >- > > - - ------------------------------ Date: Mon, 22 Feb 1999 18:31:54 -0500 From: postwhit@sover.net Subject: [CANSLIM] Db - A/D Volume on the Big Board Db wrote: > I find that a chart of advance and decline volume gives a much more > accurate picture of what's happening with stocks than any other > measure because it is directly linked to the behavior of stocks rather > than an interpretation of the behavior of stocks. You'll note, for > example, that the volume of advancing issues peaked the first week of > January (on the Nasdaq) and plummeted the following week. At the same > time, volume of decliners skyrocketed. Advancing volume attempted to > rally the week after, but didn't come close to the peak even though > the Naz rose higher. Volume on declining issues advanced throughout. Here's a look see on the NYSE: http://decisionpoint.com/DailyCharts/CurrentADVol.html Would you explain the divergence you see between price and A/D volume or other "signal" which provides helpful insight into the state of the "M" for CANSLIM'ers? (particularly in light of HTMMIS, page 69 on "upside/downside volume"). All I see is a direct correlation between price and A/D volume. Perhaps I'm missing the point. Thanks in advance. JW - - ------------------------------ Date: Mon, 22 Feb 1999 18:45:37 EST From: GeoPazos@aol.com Subject: Re: [CANSLIM] Oil and oil services; charts and groups [Connie Mack] Connie, The Economist has a 1999 predictions Issue and the oils are predicted to continue their downward trend. G - - ------------------------------ Date: Mon, 22 Feb 1999 21:15:06 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Todays Market Action Casinos of course! Why didn't I think of that? Sheez!!! Should of known, what with an over abundance of rooms available and more on the way! It actually makes less sense than the Internuts! And I'm a Bull on the Internuts! That is why it is perfect. It doesn't make sense! Did I read right that todays rally was based on "Professional Investors buying the Blue Chips" in case of a down turn? Does that mean they sell if the economy looks like it will get better? Okay, I'm calming down now..... I'll not argue with the market. Stocks are cheap. Valuations are meaningless. Let us all load up on Circus Circus and start a Chapter 11 rumor. It should be good for a triple! Needless to say, I'm in the wrong position in this market. At least today would make you think so. However, I'll not be tempted until my indicators turn solidly to the green. I can afford to wait for confirmation. If I had the time, I'd trade this market, but alas, not enough time to watch it that close. Have to be patient for a IT setup. Maybe I'll go jogging. Recommending "Analyze This" with DeNiro and Crystal, but Kudro flopped. Give her the hook please. Regards, Frank Wolynski - - ------------------------------ Date: Mon, 22 Feb 1999 21:20:04 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Level II access Hi John, Level II won't make much of a difference on NYSE/AMEX stocks, but on NASDAQ stocks it will permit you to see the specific price and size of both the bid and ask from each market maker. Thus, when someone goes hi bid or low offer, you will be able to see how much more stock is behind the then current "highest bid, lowest offer". And if you determine who is the primary market makers, you will be able to check that firm's bid and ask and see what side they are supporting, or pressuring, and by how much size. The downsize is that on Naz the size shown by the MMers, esp the primary ones, is often not realistic (e.g. they may show 5 (=500 shares) on the offer, but realisticly are good for 50 or 100 (5000 or 10,000 shares) at that same price if the first 500 shares are taken, or someone comes in looking for size. Or they may have that size available just a sixteenth or an eighth higher. It's a nifty tool for a day trader, not much use for an investor except possibly right at the point of a buy/sell decision time. Tom W stkguru@netside.net ICQ # 5568838 - -----Original Message----- From: John Allen To: canslim@xmission.com Date: Monday, February 22, 1999 2:28 PM Subject: [CANSLIM] Level II access Hi group, I read in IBD last week that a firm called Tradescape will offer free Level II access on the web. Could someone explain how this is going to help me when I am ready to buy my Canslim stock? Thanks John R. Allen - - - - ------------------------------ Date: Mon, 22 Feb 1999 20:57:54 -0800 From: Dan Cash Subject: [CANSLIM] Reference book on technical analysis I am looking for a book on technical analysis that contains a thorough discussion of the various indicatiors, moving averages as well as chart formations. So, I would appreciate input on any that you look on as an excellent reference. This question may have been covered in the last year, but I missed it. Since this is off topic any suggestions could be sent to me. Dan - - ------------------------------ Date: Tue, 23 Feb 1999 06:12:08 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Reference book on technical analysis On Mon, 22 Feb 1999 20:57:54 -0800, you wrote: :I am looking for a book on technical analysis that contains a :thorough discussion of the various indicatiors, moving averages as :well as chart formations. : :So, I would appreciate input on any that you look on as an :excellent reference. : :This question may have been covered in the last year, but I missed :it. Since this is off topic any suggestions could be sent to me. : :Dan Oh, by all means make the responses public. I for one would love to get ahold of a book that would make the world of investment technical analysis understandable. So far, I'm feeling rather blitzed. I have Stan Weinstein's "How to Profit in Bull and Bear Markets", which is a good book and leans on the technical analysis side of things, but isn't terribly deep into the mathematics. And it is mathematics that technical analysis is about, all in all, I believe. I am but a novice in this area. Dan (too!) - - ------------------------------ End of canslim-digest V2 #538 ***************************** 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.