From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #220 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Friday, May 1 1998 Volume 02 : Number 220 In this issue: Re: [CANSLIM] A few to watch [CANSLIM] STRL, ABDR, NRVH Re: [CANSLIM] STRL, ABDR, NRVH [CANSLIM] Canslim-Employment-Tom [CANSLIM] Re: Tom - Employment Re: [CANSLIM] STRL, ABDR, NRVH Re: [CANSLIM] MF vs. Acc/Dist [CANSLIM] M is up Re: [CANSLIM] STRL, ABDR, NRVH Re: [CANSLIM] Daily Graph Online Group rate Re: [CANSLIM] STRL, ABDR, NRVH Re: [CANSLIM] A few to watch Re: [CANSLIM] DAYR [CANSLIM] OBV/MF stocks Re: [CANSLIM] HAL, RIG (was Oil related stocks) Re: [CANSLIM] OBV/MF stocks Re: [CANSLIM] OBV/MF stocks [CANSLIM] Changing your canslim subscription Re: [CANSLIM] STRL, ABDR, NRVH [CANSLIM] Re: 50 DMA Dips Re: [CANSLIM] Cup and Handle - Tom Worley Re: [CANSLIM] STRL, ABDR, NRVH Re: [CANSLIM] Re: 50 DMA Dips RE: [CANSLIM] Re: 50 DMA Dips Re: [CANSLIM] Re: 50 DMA Dips Re: [CANSLIM] Re: 50 DMA Dips Re: [CANSLIM] Cup and Handle - Tom Worley [CANSLIM] Re: Tom's Employment [CANSLIM] Ameritrade stock trade delay Re: [CANSLIM] Ameritrade stock trade delay Re: [CANSLIM] Cup and Handle - Tom Worley Re: [CANSLIM] Settings for BigCharts Re: [CANSLIM] Ameritrade stock trade delay [CANSLIM] TMBS breaking out Re: [CANSLIM] MDLK Re: [CANSLIM] Ameritrade stock trade delay ---------------------------------------------------------------------- Date: Thu, 30 Apr 1998 22:25:25 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] A few to watch Ok, if the markets wants to act possitive, we'll look for some possitive. Two I'm looking at for in the morning. HYSW - eps 93 rel str 88 a/d B agr 19 qtr eps +157^ PE is high at 48 Has turned possitive on increasing volume. Consolidate sideways since the beginning of April. Attemted a break out late last week which faltered and trailed downward this past week on decreasing volume. Gapped upward today on strong returning volume. Another break above the previous high of 46 1/4 would be an appropriate entry. TWR - eps 96 rel 63 a/d A man owns 11% eps qtr % 67.5, RS is low, but chart and volume look strong. Consolidated between 44.5 and 47.88 for 10 weeks breaking stongly upward last week. The upward movement ended mid week of the previous week correcting downward this past week. Turned strongly possitive today on a large volume increase. Previous High could be called 51.5 allowing an entry up to 54. I plan to enter on a break above todays high, which was 54. Also like what BOBJY is doing, but a PE of 105 is difficult to jump into. Tony - - ------------------------------ Date: Thu, 30 Apr 1998 21:47:22 -0500 From: Dave Cameron Subject: [CANSLIM] STRL, ABDR, NRVH I like STRL, it broke out of a nice base today. Definitely CANSLIM territory in terms of EPS & RS. I've owned it before a couple of times. Getting a little hefty on Institutional holdings, but still has room to grow. Its had 2 strong days - coming back to all-time high. ABDR looks good too - high P/E ratio, but big EPS (99) growth! I've been watching this one for 4 months - waiting for a base. Silly. Its never based. I'm in this business (Direct Marketing) - they are definitely growing fast with a strong product. I'm glad (so far) that I let my stops do the talking and not cashed in. I am concerned about NRVH though. I bought on the last breakout, and today's big down spike makes me think. It didn't go back into its base, but... on an up day, today was not encouraging. Dave Cameron - - ------------------------------ Date: Thu, 30 Apr 1998 20:16:23 -0700 From: Tim Fisher Subject: Re: [CANSLIM] STRL, ABDR, NRVH Clearstation liked STRL too. I'm not happy with NRVH, like Connie says, once a whore... At 09:47 PM 4/30/98 -0500, you wrote: >I like STRL, it broke out of a nice base today. Definitely CANSLIM >territory in terms of EPS & RS. I've owned it before a couple of >times. Getting a little hefty on Institutional holdings, but still >has room to grow. Its had 2 strong days - coming back to all-time high. > >I'm glad (so far) that I let my stops do the talking and not >cashed in. I am concerned about NRVH though. I bought on >the last breakout, and today's big down spike makes me think. It >didn't go back into its base, but... on an up day, today was not >encouraging. > >Dave Cameron > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@orerockon.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 30 Apr 1998 20:22:55 -0700 From: Evelyn Fedele Subject: [CANSLIM] Canslim-Employment-Tom Tom, Wishing you well in your new position, you deserve it. Evelyn - - ------------------------------ Date: Thu, 30 Apr 1998 22:15:13 -0600 From: "Kent Horne" Subject: [CANSLIM] Re: Tom - Employment Tom, best wishes on new, and well deserved, professional position. kent - - ------------------------------ Date: Thu, 30 Apr 1998 21:34:40 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] STRL, ABDR, NRVH > Date: Thu, 30 Apr 1998 21:47:22 -0500 > From: Dave Cameron > ABDR looks good too - high P/E ratio, but big EPS (99) growth! I've > been watching this one for 4 months - waiting for a base. Silly. > Its never based. I'm in this business (Direct Marketing) - they > are definitely growing fast with a strong product. > I'm wasn't familiar with this one, but a quick look at it at DG online and it looks pretty good. One entry method you might want to think about with these strong stocks that don't seem to base, is wait for it to cross the 50 day moving average, then buy when/if it crosses back above the 50 day. I notice it did that in early April. Haven't done much of this myself, but I'm beginning to look at it as another entry method. I seem to participate in a lot of failed breakouts, so additional ways to buy a stock would be welcome. One of the reasons this is supposed to work is that a lot of institutions look at the 50 day and buy when a stock drops down there, at least I've heard this is true. If you want another example, look at RWAY. Really took off after a brief dip to the 50 day ma. - - ------------------------------ Date: Fri, 1 May 1998 00:59:50 -0400 From: "Barry Marx" Subject: Re: [CANSLIM] MF vs. Acc/Dist I have also been trying to determine how MF on BigCharts is calculated. I compared it to several indicators in MetaStock that also had the term "Money Flow" in the name, but none seemed to be at all similar to MF in BigCharts. I did finally find a match, however. It appears to me that the BigCharts MF indicator is identical (at least on every comparison I've checked) to what is usually referred to as the Accumulation/Distribution indicator, . One site that I have found that has it under that name is: http://www.equis.com/java/ms4java1024.html The formula for Accumulation/Distribution, according to Elder's "Trading for a Living", is Close - Open -------------------- * Volume High - Low where each day's value is added to the previous cumulative running total. Since it is a cumulative running indicator, this explains why the absolute value is not important, and will differ, depending on when you start the calculation. - Barry Marx - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Wednesday, April 22, 1998 11:13 AM Subject: [CANSLIM] BigCharts MF calculation >Connie or anyone else, I've been trying MFG and OBV charts on BigCharts and I >don't understand how MF is calculated. Looking at charts on different >timescales, i.e. 3-month, 1-month, etc., I don't get how the absolute value of >MF on any given day can be different on each chart. It appears as if MF is >arbitrarily set to a value of 0 on the first day the chart shows, and >fluctuates based on what the value was on _that day_. This disturbs me, >since I >_thought_ that MF was an indicator of whether money was going into or out of a >stock. So the way it is calculated right now, if I pull up a 6 month chart of >NRVH, MF is positive for the whole period except a few days before the >earnings >release on Monday. On a 1-month chart, MF is negative the entire time. > >P.S. BigCharts FAQ is broken so I got no help there. > > >Tim Fisher / tfish@spiritone.com >Ore-Rock-On and Pacific Fishery Biologists WWW Sites: >http://www.spiritone.com/~tfish >See naked fish and rocks! > >- > - - ------------------------------ Date: Fri, 1 May 1998 00:33:08 -0700 From: Mike Lucero Subject: [CANSLIM] M is up DJIA, NYSE, and SP500 all up more than 1% on greater volume than previous day, and it was day four since the low. Does that mean we expect another upleg? Mike - - ------------------------------ Date: Fri, 1 May 1998 11:23:40 +0300 From: "David S. Pinhasik" Subject: Re: [CANSLIM] STRL, ABDR, NRVH STRL - After looking at the graph at DGO, I have a question. In March it = was about 60. it then fell to 55 and then back to 60 formming what looks like= a cup. Apparently, those that bought originally in March sold and it again fell to under 55 where it has been basing till now and is approaching 59. Wouldn't you say that 60 will be another point for selling? I know that "volume dry up" is something to look for in a base, and if my novice eyes are correct, it seems that there has been some. Correct? If so, would tha= t mean that the bext b/o would contine past 60? I also noticed that the fir= st "cup" as I termed it, did not really have volume dry up. Would that expla= in why it failed? David - -----Original Message----- From: Dave Cameron To: canslim@lists.xmission.com Date: =E9=E5=ED =F9=E9=F9=E9 01 =EE=E0=E9 1998 05:44 Subject: [CANSLIM] STRL, ABDR, NRVH >I like STRL, it broke out of a nice base today. Definitely CANSLIM >territory in terms of EPS & RS. I've owned it before a couple of >times. Getting a little hefty on Institutional holdings, but still >has room to grow. Its had 2 strong days - coming back to all-time high. > >ABDR looks good too - high P/E ratio, but big EPS (99) growth! I've >been watching this one for 4 months - waiting for a base. Silly. >Its never based. I'm in this business (Direct Marketing) - they >are definitely growing fast with a strong product. > >I'm glad (so far) that I let my stops do the talking and not >cashed in. I am concerned about NRVH though. I bought on >the last breakout, and today's big down spike makes me think. It >didn't go back into its base, but... on an up day, today was not >encouraging. > >Dave Cameron > >- > > - - ------------------------------ Date: Fri, 1 May 1998 08:13:10 -0400 (EDT) From: "Surindra J. Singh" Subject: Re: [CANSLIM] Daily Graph Online Group rate I have no success to get discount from daily graphs so far. They have no provision for "group rates" and it seems they have no incentive to change any of the standard rates. Just curious if any one is familiar with "group rates" from any other services. If so, I may able to bargain better. Surindra On Fri, 1 May 1998, Robert Acker wrote: > Any news about getting a group rate on Daily Graphs online > service ? I t would be great to get a group rate on the Investor's > Business Daily newspaper and Daily Graphs hardcover chart service too ! > Daily graphs online stopped working for me ,after calling them I > was told to > re-register after downloading lastest software .Any information > appreciated . > > > - > > - - ------------------------------ Date: Fri, 1 May 1998 08:17:39 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] STRL, ABDR, NRVH Some snapshot comments: STRL - RS 59, GRS 65, in lower end of group ABDR - extended, needs to base NRVH - CS elements excellent, but no growth shown in Q1 Tom W - -----Original Message----- From: Dave Cameron To: canslim@lists.xmission.com Date: Thursday, April 30, 1998 10:47 PM Subject: [CANSLIM] STRL, ABDR, NRVH >I like STRL, it broke out of a nice base today. Definitely CANSLIM >territory in terms of EPS & RS. I've owned it before a couple of > >ABDR looks good too - high P/E ratio, but big EPS (99) growth! I've >been watching this one for 4 months - waiting for a base. Silly. > >I'm glad (so far) that I let my stops do the talking and not >cashed in. I am concerned about NRVH though. I bought on - - ------------------------------ Date: Fri, 1 May 1998 08:20:43 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] A few to watch HYSW - last 4 qtrs were .46, .18, .22, .18 with a full year forecast of $1.35 (avg of .34/qtr). Looks like it could be tough beating that .46 results a year ago. Don't know what they did right, but tough comparison. TWR - RS 69 even after a $3 spike on Thursday. Tom W - -----Original Message----- From: Tony Austin To: canslim@lists.xmission.com Date: Thursday, April 30, 1998 10:23 PM Subject: Re: [CANSLIM] A few to watch > >HYSW - eps 93 rel str 88 a/d B agr 19 qtr eps +157^ PE is high at 48 > >TWR - eps 96 rel 63 a/d A man owns 11% eps qtr % 67.5, RS is low, but chart >and volume look strong. > - - ------------------------------ Date: Fri, 1 May 1998 08:22:22 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] DAYR Tim, Looks extended to me. RS 75 doesn't excite me. Q3 results look like a bigger revenue drop than they saw in 1997 (looks like this is their seasonal weak qtr, maybe). Tom W - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Thursday, April 30, 1998 11:02 AM Subject: [CANSLIM] DAYR >I haven't been watching since Friday and so missed the move, but what do you >think of DAYR? The MF turned positive around the 21st and the 3/7/10 EMA - - ------------------------------ Date: Fri, 01 May 1998 08:26:20 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF stocks Members-- This morning's screen has several promising OBV/MF stocks, more than any in the last six months. I think that most of the members who have used the OBV/MF to complement their Canslim stocks will be able to discern the positive divergences. I will not attempt to rate the stocks; these will offer an opportunity to test your understanding of OBV/MF criteria. If any members wish to ask specific questions about the stocks, I will be glad to give my comment. These are the stocks: GER, SNAP, TWRI, GETY, RITTF, ASHW, STII, and CASY. Though each shows at least one span of positive divergence, not all are ready to buy. Use the 3/7/10 EMA for entry. Remember that positive divergence of the last 5-10 trading days is powerful and will probably return a profit more quickly. If any of these stocks appear to be Canslim candidates, I wish you would write me. I will take a careful look and give some detailed comment. There is some money to be made if the market holds. I will try to buy several of these stock this morning. Connie Mack - - ------------------------------ Date: Fri, 1 May 1998 08:25:08 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HAL, RIG (was Oil related stocks) HAL - PE 29, earnings growing but rev flat, basing RIG - PE 32, earnings growing faster than revenues, basing Both have current RS in low 60s. Probably not a lot of downside here unless there is further deterioration in oil products pricing. If prices increase, revenues and earnings should both improve, along with RS eventually. Tom W - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Thursday, April 30, 1998 9:36 AM Subject: Re: [CANSLIM] Oil related stocks >Tom, > >Take a look at HAL, RIG, etc and tell me what the chart says... > > - - ------------------------------ Date: Fri, 1 May 1998 09:10:50 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] OBV/MF stocks Connie, All but RITTF and CASY would fail the CANSLIM criteria on either RS or EPS grounds. RITTF - RS 78, EPS 75, B/B, funds 2%, u/d 3.4 CASY - RS 81, EPS 86, B/C, funds 14%, u/d 1.9 Tom W - -----Original Message----- From: Connie Mack Rea To: canslim Date: Friday, May 01, 1998 8:26 AM Subject: [CANSLIM] OBV/MF stocks > >These are the stocks: GER, SNAP, TWRI, GETY, RITTF, ASHW, STII, and >CASY. > >If any of these stocks appear to be Canslim candidates, I wish you would >write me. I will take a careful look and give some detailed comment. > - - ------------------------------ Date: Fri, 01 May 1998 09:47:33 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] OBV/MF stocks Members-- Tom was quick to put my morning post in Canslim perspective. Am always glad to see OBV/MF and Canslim overlapping. I've several buys in the air this morning. I'll comment on the Canslim/OBV/MF candidates as I have time. TWRI: NO EMA buy. Just watch it. CASY: Not a Canslim candidate, as Tom noted; it is, anyway, not a buy yet. Believe that my favorite of all the stocks is RITTF [not Canslim]. ASHW: Has a nice MF positive divergence from about the last of March to the present. Price, until yesterday, was in decline from about 18 to 15.5. OBV is equally strong. SlowStochastics is rising from a low buy area; looks good. MACD looks about to rise from a low buy area. EMA is only a day or two old. Looks okay to buy a yesterday's close. I'll comment on the others stocks when I reduce some of the chaos in my buys this morning. Connie Mack Tom Worley wrote: > Connie, > All but RITTF and CASY would fail the CANSLIM criteria on either RS or > > EPS grounds. > > RITTF - RS 78, EPS 75, B/B, funds 2%, u/d 3.4 > CASY - RS 81, EPS 86, B/C, funds 14%, u/d 1.9 > > Tom W - - ------------------------------ Date: Fri, 01 May 1998 08:00:06 -0600 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription This is a monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are two remedies for this problem: 1) You can leave our group, or 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. To change your configuration, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner - - ------------------------------ Date: Fri, 01 May 1998 10:01:20 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] STRL, ABDR, NRVH Dave-- STRL is a helluva looking OBV/MF candidate. Am I to be sorry or glad about that? You Canslimers confuse me. You've got a couple of months' positive divergence. Looks nice. Connie Mack Dave Cameron wrote: > I like STRL, it broke out of a nice base today. Definitely CANSLIM > territory in terms of EPS & RS. I've owned it before a couple of > times. Getting a little hefty on Institutional holdings, but still > has room to grow. Its had 2 strong days - coming back to all-time > high. > > ABDR looks good too - high P/E ratio, but big EPS (99) growth! I've > been watching this one for 4 months - waiting for a base. Silly. > Its never based. I'm in this business (Direct Marketing) - they > are definitely growing fast with a strong product. > > I'm glad (so far) that I let my stops do the talking and not > cashed in. I am concerned about NRVH though. I bought on > the last breakout, and today's big down spike makes me think. It > didn't go back into its base, but... on an up day, today was not > encouraging. > > Dave Cameron > > - - - ------------------------------ Date: Fri, 01 May 1998 07:05:11 -0700 From: Tim Fisher Subject: [CANSLIM] Re: 50 DMA Dips You must be right, I have been stopped out using the 50 DMA more times that I can remember, and most of the time it acts like a springboard. I have noticed that most of these go on to a new high almost immediately after spiking down thru the 50 DMA. I suspect this is partly a result of manipulation by those scum trying to sweep the weaker players (me) out by triggering stops set around the 50 DMA. At 09:34 PM 4/30/98 -0800, you wrote: >One of the reasons this is supposed to work is that a lot of >institutions look at the 50 day and buy when a stock drops down >there, at least I've heard this is true. If you want another >example, look at RWAY. Really took off after a brief dip to the 50 >day ma. > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@orerockon.com WWW http://OreRockOn.com - - ------------------------------ Date: Fri, 01 May 1998 07:18:41 -0400 From: Tom Worley Subject: Re: [CANSLIM] Cup and Handle - Tom Worley I didn't order the wall charts, and not sure how detailed they are, so can't comment on their usefulness. If they are heavily annotated like a lot of other WON products, and you have trouble grasping the big picture while remembering the important rules, then they could be very helpful as a visual reminder and "discipline" enforcer. What I got was just a brochure they send along when you take the free two week trial of IBD. I hadn't taken it in a while, and trying to fill the gap when I lose DGO until I can afford to subscribe regularly. Tom W - -----Original Message----- From: Carlos E. Fernandez-Touzon To: canslim@lists.xmission.com Date: Thursday, April 30, 1998 5:42 PM Subject: Re: [CANSLIM] Cup and Handle - Tom Worley >Tom -- I am new to CAN SLIM and find some of the charts and "M" >particularly intimidating. I was thinking about ordering some of the wall >charts from IBD but was not very sure if they would be very helpful. >Since you have it --- was it worth ordering? > >Carlos > >Tom Worley wrote: > >> Got an interesting piece of literature from IBD today. It's a chart of >> Nasdaq for 1996 with WON's notations on distribution, buy and sell >> points. Unfortunately, I don't have a scanner, but will mail it to >> someone that does and can scan and post it. >> >> I noticed one item in particular - it shows a c&h forming during the >> months of July, August and first part of September. As the right side >> of the cup forms, about half way up and approx at 1100, is the >> notation "BUY - Market trend now is up. This is the 1st rally that has >> a follow thru day up 1% with volume increasing.". This suggests that >> at least on some occasions WON advocates buying on the right side of >> the cup and not waiting for the handle to form and breakout from >> there. The chart also shows four days of distribution indicating sell >> conditions, a price break downward, a short consolidation and rally, >> before showing the first SELL on a failed rally signal, which was on >> the sixth day of the rally when it finally failed to follow thru. A >> second, third and fourth SELL is shown for three following rally >> attempts that also finally failed to follow thru. All this preceded >> the c&h formation and were from about 1275 down to about 1175, with >> the left edge of the cup at about 1200 and the bottom at about 1050. >> >> The notation, BTW, on the volume for those four distribution days is >> "Volume increases from day before and market prices stall or close >> down". >> >> Tom W >> >> - > > > > >- > - - ------------------------------ Date: Fri, 1 May 1998 07:25:20 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] STRL, ABDR, NRVH > From: "David S. Pinhasik" > To: > STRL - After looking at the graph at DGO, I have a question. In March it was > about 60. it then fell to 55 and then back to 60 formming what looks like a > cup. Apparently, those that bought originally in March sold and it again > fell to under 55 where it has been basing till now and is approaching 59. > Wouldn't you say that 60 will be another point for selling? I know that I think that was still part of the cup. You kind of have to smooth those things out. The little blip you are talking about was actually a little lower than the high set at 62 or so a few weeks ago. The next rally up to 62 should meet more selling as you say, which is why a handle forms. Then any breakout from there would be the time to buy. - - ------------------------------ Date: Fri, 1 May 1998 10:42:13 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: 50 DMA Dips The fact that some investing strategies use the 50DMA as a stop point doesn't make them "scum", Tim. It's just a different approach. But even WON has recognized the 50dma as one of the potential "support" levels, and I know I always look at it when setting mental stops as well as deciding on entry points. Tom W - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Friday, May 01, 1998 10:00 AM Subject: [CANSLIM] Re: 50 DMA Dips >You must be right, I have been stopped out using the 50 DMA more times that >I can remember, and most of the time it acts like a springboard. I have >noticed that most of these go on to a new high almost immediately after >spiking down thru the 50 DMA. I suspect this is partly a result of >manipulation by those scum trying to sweep the weaker players (me) out by >triggering stops set around the 50 DMA. > >At 09:34 PM 4/30/98 -0800, you wrote: >>One of the reasons this is supposed to work is that a lot of >>institutions look at the 50 day and buy when a stock drops down >>there, at least I've heard this is true. If you want another >>example, look at RWAY. Really took off after a brief dip to the 50 >>day ma. >> >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@orerockon.com >WWW http://OreRockOn.com > > >- > - - ------------------------------ Date: Fri, 1 May 1998 07:53:57 -0700 From: Brian Nash Subject: RE: [CANSLIM] Re: 50 DMA Dips Has anyone else noticed how profitably one could trade SUNW using the 50dma over the last several years? > -----Original Message----- > From: Tom Worley [SMTP:stkguru@netside.net] > Sent: Friday, May 01, 1998 10:42 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Re: 50 DMA Dips > > The fact that some investing strategies use the 50DMA as a stop point > doesn't make them "scum", Tim. It's just a different approach. But > even WON has recognized the 50dma as one of the potential "support" > levels, and I know I always look at it when setting mental stops as > well as deciding on entry points. > > Tom W > > -----Original Message----- > From: Tim Fisher > To: canslim@lists.xmission.com > Date: Friday, May 01, 1998 10:00 AM > Subject: [CANSLIM] Re: 50 DMA Dips > > > >You must be right, I have been stopped out using the 50 DMA more > times that > >I can remember, and most of the time it acts like a springboard. I > have > >noticed that most of these go on to a new high almost immediately > after > >spiking down thru the 50 DMA. I suspect this is partly a result of > >manipulation by those scum trying to sweep the weaker players (me) > out by > >triggering stops set around the 50 DMA. > > > >At 09:34 PM 4/30/98 -0800, you wrote: > >>One of the reasons this is supposed to work is that a lot of > >>institutions look at the 50 day and buy when a stock drops down > >>there, at least I've heard this is true. If you want another > >>example, look at RWAY. Really took off after a brief dip to the 50 > >>day ma. > >> > >Tim Fisher, 1995 President, Pacific Fishery Biologists > >Ore-ROCK-On Rockhounding Web Site > >PFB Information > >mailto:tim@orerockon.com > >WWW http://OreRockOn.com > > > > > >- > > > > > - - - ------------------------------ Date: Fri, 01 May 1998 07:56:53 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Re: 50 DMA Dips You misunderstand. I mean the traders who sell small blocks to drive the= price down to the 50 DMA in order to stop people out so they can then buy large blocks back at a discount. At 07:42 AM 5/1/98 , you wrote: >The fact that some investing strategies use the 50DMA as a stop point >doesn't make them "scum", Tim. It's just a different approach. But >even WON has recognized the 50dma as one of the potential "support" >levels, and I know I always look at it when setting mental stops as >well as deciding on entry points. > >Tom W > >-----Original Message----- >From: Tim Fisher >To: canslim@lists.xmission.com >Date: Friday, May 01, 1998 10:00 AM >Subject: [CANSLIM] Re: 50 DMA Dips > > >>You must be right, I have been stopped out using the 50 DMA more >times that >>I can remember, and most of the time it acts like a springboard. I >have >>noticed that most of these go on to a new high almost immediately >after >>spiking down thru the 50 DMA. I suspect this is partly a result of >>manipulation by those scum trying to sweep the weaker players (me) >out by >>triggering stops set around the 50 DMA. >> >>At 09:34 PM 4/30/98 -0800, you wrote: >>>One of the reasons this is supposed to work is that a lot of >>>institutions look at the 50 day and buy when a stock drops down >>>there, at least I've heard this is true.=A0 If you want another >>>example, look at RWAY.=A0 Really took off after a brief dip to the 50 >>>day ma. >>> Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Fri, 01 May 1998 07:56:53 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Re: 50 DMA Dips You misunderstand. I mean the traders who sell small blocks to drive the= price down to the 50 DMA in order to stop people out so they can then buy large blocks back at a discount. At 07:42 AM 5/1/98 , you wrote: >The fact that some investing strategies use the 50DMA as a stop point >doesn't make them "scum", Tim. It's just a different approach. But >even WON has recognized the 50dma as one of the potential "support" >levels, and I know I always look at it when setting mental stops as >well as deciding on entry points. > >Tom W > >-----Original Message----- >From: Tim Fisher >To: canslim@lists.xmission.com >Date: Friday, May 01, 1998 10:00 AM >Subject: [CANSLIM] Re: 50 DMA Dips > > >>You must be right, I have been stopped out using the 50 DMA more >times that >>I can remember, and most of the time it acts like a springboard. I >have >>noticed that most of these go on to a new high almost immediately >after >>spiking down thru the 50 DMA. I suspect this is partly a result of >>manipulation by those scum trying to sweep the weaker players (me) >out by >>triggering stops set around the 50 DMA. >> >>At 09:34 PM 4/30/98 -0800, you wrote: >>>One of the reasons this is supposed to work is that a lot of >>>institutions look at the 50 day and buy when a stock drops down >>>there, at least I've heard this is true.=A0 If you want another >>>example, look at RWAY.=A0 Really took off after a brief dip to the 50 >>>day ma. >>> Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Fri, 1 May 1998 07:59:45 -0700 From: "Robert Venchiarutti" Subject: Re: [CANSLIM] Cup and Handle - Tom Worley If I'm not mistaken, this chart is available at ftp://chaos.csd.sdl.usu.edu/pub/canslim/mktstudy.jpg or http://users.ccnet.com/~marto/mktstudy.jpg For those interested, Craig Griffin had an excellent post related to this chart. Go to the CANSLIM archives and using the search function look for a subject line that reads "[CANSLIM] REPOST ==> Reading a Mkt Downtrend (O'Neil's Chart)" which is dated 8/18/97. - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Friday, May 01, 1998 7:11 AM Subject: Re: [CANSLIM] Cup and Handle - Tom Worley >I didn't order the wall charts, and not sure how detailed they are, so >can't comment on their usefulness. If they are heavily annotated like >a lot of other WON products, and you have trouble grasping the big >picture while remembering the important rules, then they could be very >helpful as a visual reminder and "discipline" enforcer. >What I got was just a brochure they send along when you take the free >two week trial of IBD. I hadn't taken it in a while, and trying to >fill the gap when I lose DGO until I can afford to subscribe >regularly. > >Tom W > >-----Original Message----- >From: Carlos E. Fernandez-Touzon >To: canslim@lists.xmission.com >Date: Thursday, April 30, 1998 5:42 PM >Subject: Re: [CANSLIM] Cup and Handle - Tom Worley > > >>Tom -- I am new to CAN SLIM and find some of the charts and "M" >>particularly intimidating. I was thinking about ordering some of the >wall >>charts from IBD but was not very sure if they would be very helpful. >>Since you have it --- was it worth ordering? >> >>Carlos >> >>Tom Worley wrote: >> >>> Got an interesting piece of literature from IBD today. It's a chart >of >>> Nasdaq for 1996 with WON's notations on distribution, buy and sell >>> points. Unfortunately, I don't have a scanner, but will mail it to >>> someone that does and can scan and post it. >>> >>> I noticed one item in particular - it shows a c&h forming during >the >>> months of July, August and first part of September. As the right >side >>> of the cup forms, about half way up and approx at 1100, is the >>> notation "BUY - Market trend now is up. This is the 1st rally that >has >>> a follow thru day up 1% with volume increasing.". This suggests >that >>> at least on some occasions WON advocates buying on the right side >of >>> the cup and not waiting for the handle to form and breakout from >>> there. The chart also shows four days of distribution indicating >sell >>> conditions, a price break downward, a short consolidation and >rally, >>> before showing the first SELL on a failed rally signal, which was >on >>> the sixth day of the rally when it finally failed to follow thru. A >>> second, third and fourth SELL is shown for three following rally >>> attempts that also finally failed to follow thru. All this preceded >>> the c&h formation and were from about 1275 down to about 1175, with >>> the left edge of the cup at about 1200 and the bottom at about >1050. >>> >>> The notation, BTW, on the volume for those four distribution days >is >>> "Volume increases from day before and market prices stall or close >>> down". >>> >>> Tom W >>> >>> - >> >> >> >> >>- >> > > > >- > > - - ------------------------------ Date: Fri, 1 May 1998 10:16:25 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: Tom's Employment Tom, congratulations and all the best! You're way ahead. Thanks to your former employer, you now have a better position making more money. GOOD FOR YOU. Mary Keener - - ------------------------------ Date: Fri, 1 May 1998 11:44:27 -0400 From: Paul Gilberti Subject: [CANSLIM] Ameritrade stock trade delay This morning I placed a simple market order of 100 shares of a security. It appeared immediately on my order status as an unfilled order. It took them 26 minutes to fill it !!! Please tell me that this is not normal for an OTC stock. During that time, I saw about 6 price fluctuations so somebody was trading the stock (not me). Email: Paul.Gilberti@Digital.com Voice: 603-432-6239 * Corporate IS Services <<...>> - - ------------------------------ Date: Fri, 1 May 1998 12:15:47 EDT From: Mulack Subject: Re: [CANSLIM] Ameritrade stock trade delay I use ameritrade also. They are extremely slow (could take half a day) to update the orders via the internet. Your best bet is to call and ask a broker if the trade has executed. - - ------------------------------ Date: Fri, 1 May 1998 12:46:23 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Cup and Handle - Tom Worley Good memory and analysis, Robert. I couldn't get the first site to load, however the chart I was mentioning is found at the second site. Thanks to all that offered to scan it and post, sorry I had forgotten about this one. Tom W - -----Original Message----- From: Robert Venchiarutti To: canslim@lists.xmission.com Date: Friday, May 01, 1998 10:58 AM Subject: Re: [CANSLIM] Cup and Handle - Tom Worley >If I'm not mistaken, this chart is available at >ftp://chaos.csd.sdl.usu.edu/pub/canslim/mktstudy.jpg or >http://users.ccnet.com/~marto/mktstudy.jpg > >For those interested, Craig Griffin had an excellent post related to this >chart. Go to the CANSLIM archives and using the search function look for a >subject line that reads "[CANSLIM] REPOST ==> Reading a Mkt Downtrend >(O'Neil's Chart)" which is dated 8/18/97. > >-----Original Message----- - - ------------------------------ Date: Fri, 01 May 1998 13:29:29 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Settings for BigCharts Tim-- What ist the URL for Clearstation? Connie Mack Tim Fisher wrote: > Connie, Clearstation has the 3-indicator chart. It's not flexible but > it > does show 3,7,10 EMA, slow & fast MACD, slow & fast Stochastic, Volume > +, > but not (AFAIK) MF or OBV. Looks like it would print nice. - - ------------------------------ Date: Fri, 01 May 1998 11:33:50 -0600 From: Kirby Benson Subject: Re: [CANSLIM] Ameritrade stock trade delay My experience with Ameritrade is that their computer system is extremely slow in updating the order status.  Most of my orders have been filled almost immediately but the status screen doesn't reflect this. Kirby Paul Gilberti wrote: > This morning I placed a simple market order of 100 shares of a security.  It > appeared immediately on my order status as an unfilled order. > > It took them 26 minutes to fill it !!! > > Please tell me that this is not normal for an OTC stock. > During that time, I saw about 6 price fluctuations so somebody was trading > the stock (not me). > > Email: Paul.Gilberti@Digital.com > Voice: 603-432-6239 * > Corporate IS Services >  <<...>> > > -   - -- Visit The Great White Trout Studios: http://www.zianet.com/kbenson/trout.html   - - ------------------------------ Date: Fri, 01 May 1998 10:35:04 -0700 From: Kom Tukovinit Subject: [CANSLIM] TMBS breaking out TMBS looks like it's breaking out, but whoa, look at all the places with MF negative divergences in the 6 month chart... kom - - ------------------------------ Date: Fri, 1 May 1998 13:43:02 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] MDLK Off of Tom W's list. Volume has been very low this morning. Price action looks to be creeping upwards with a series of consecutive higher lows. Stochastic looks very near to giving a buy signal. Low volume and higher lows are a bullish sign. Tony - - ------------------------------ Date: Fri, 01 May 1998 10:52:28 -0700 From: "Stephen J. Helding" Subject: Re: [CANSLIM] Ameritrade stock trade delay I have had very good response with Discover Brokerage. I have never waited more than 2-3 minutes for a market order to show up in my portfolio. Occasionally they have server problems but when I called them up to let them know they said they were painfully aware of it and were working very hard to resolve the problem. So far I would rate them a 9 on a scale of 1-10. Paul Gilberti wrote: > This morning I placed a simple market order of 100 shares of a security. It > appeared immediately on my order status as an unfilled order. > > It took them 26 minutes to fill it !!! > > Please tell me that this is not normal for an OTC stock. > During that time, I saw about 6 price fluctuations so somebody was trading > the stock (not me). > > Email: Paul.Gilberti@Digital.com > Voice: 603-432-6239 * > Corporate IS Services > <<...>> > > - - - ------------------------------ End of canslim-digest V2 #220 ***************************** 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.