From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #221 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 Saturday, May 2 1998 Volume 02 : Number 221 In this issue: [CANSLIM] M is up [CANSLIM] Re: The 50d and Other Tales of Woe Re: [CANSLIM] MDLK Re: [CANSLIM] OBV/MF stocks Re: [CANSLIM] Re: 50 DMA Dips RE: [CANSLIM] TMBS breaking out Re: [CANSLIM] Settings for BigCharts [CANSLIM] Stochastic Explanation [CANSLIM] Trading for a living Re: [CANSLIM] OBV/MF stocks Re: [CANSLIM] Ameritrade stock trade delay [CANSLIM] WSTF [CANSLIM] Selections from "Your Weekend Review" [CANSLIM] TMBS Re: [CANSLIM] Selections from "Your Weekend Review" Re: [CANSLIM] Selections from "Your Weekend Review" Re: [CANSLIM] Selections from "Your Weekend Review" Re: [CANSLIM] Re: 50 DMA Dips Re: [CANSLIM] MDLK Re: [CANSLIM] TC2000 for Windows Re: [CANSLIM] Selections from "Your Weekend Review" [CANSLIM] Sending large files to the canslim group Re: [CANSLIM] TC2000 for Windows Re: [CANSLIM] Clearstation (was Settings for BigCharts) [CANSLIM] Money Flow Re: [CANSLIM] Stochastic Explanation - continued. Re: [CANSLIM] Stochastic Explanation - continued. ---------------------------------------------------------------------- Date: Fri, 01 May 1998 14:28:48 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] M is up > 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 > Third day since the low, but still within the 3-5 day "failed rally attempt" window. Thus spoke ChickenLittlethustra. - - ------------------------------ Date: Fri, 1 May 1998 11:37:18 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] Re: The 50d and Other Tales of Woe I've noticed a number of posts which have spotlighted the 50d as support and a possible entry (or exit) point. Anyone investigating the use of this or any other moving average should know that moving averages are not the only support, and that not all stocks use the same moving averages. There are at least three different types of support and resistance. The first is horizontal s/r established by a previous peak, trough, or base. The second is a trendline, either ascending or descending. The third is moving averages. None of these, of course, are natural phenomena. They function as they do because large numbers of people pay attention to them. They become, in effect, a self-fulfilling prophecy--psychological phenomena. But that's OK. What matters is they work. Or can, if you're looking in the right place. Without going into a lot of detail here, it's important to look at the stock's chart as is and note where it has found support in the past. Perhaps it has found support at the 50d. Perhaps it pays closer attention to the 40d (that is, its investors do). Or maybe it doesn't care about MAs at all. Perhaps it's in a well-defined trend channel, or at least follows a well-defined trendline (this has most noticeably been the case with drillers). There are indicators which can help time entry as well. Stochastics at the very least. OBV can be helpful as can MFI. It's also important to check both the daily and weekly charts (you probably don't want to go long on a stock that seems to be in an upward trend on a daily chart but is clearly topping out and rolling over on the weekly chart, all else being equal). But "indicators" are secondary aids. To understand how they fit into the overall picture, it becomes necessary to first understand the interrelationships between price, volume, MAs and trendlines. Without that, a dependence on more complex indicators can steer you wrong just as quickly and easily as a message board. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 1 May 1998 15:09:30 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] MDLK As soon as I turn my back, ...now it's down over a point. - ---------- > From: Tony Austin > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] MDLK > Date: Friday, May 01, 1998 1:43 PM > > > 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 15:33:50 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] OBV/MF stocks Members-- I owe an apology to Tom and the group. In the chaos that was my getting ready to trade today, I misread Tom's note. I unaccountably thought that RITTF and CASY would not meet Canslim criteria. My apologies. Now that I've recovered my senses, let me make some corrections. I did get filled in three of the four stocks. When I draw trendlines on price, I always use the 3-line of the EMA to smooth things out a bit. RITTF was one of my fills this morning. I like RITTF because the OBV and MF had nearly identical positive divergence patterns. Price started to decline early in April and continued on until yesterday. Price had dropped from 15 to 13 by the middle of April. Following a few days of upticks, it fell to 12.24 at yesterday's open. During the decline from 15 to 13, OBV/MF didn't budge. Then, as the stock dropped still further, both OBV and MF rose far above their February and March level though the price has been a little above 12.25. This is powerful short term positive divergence. The SlowSto is rising nicely from the 30-35 level. The MACD is a bit iffy but not a problem [and it is a lagging indicator usually]. CASY: The EMA looks like a first level buy. The OBV and MF, over the last three weeks, are nearly identical and positively divergent with price. Price went from about 18 to 15, and the OBV/MF held steady. SlowSto looks pretty good, but the MACD isn't promising yet. The first level EMA buy at 16-16.25 looked safe. I wouldn't let a 1/16th or an 1/8th turn me away from entry. 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 > > -----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, 1 May 1998 12:42:20 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Re: 50 DMA Dips > Date: Fri, 01 May 1998 07:05:11 -0700 > To: canslim@lists.xmission.com > From: Tim Fisher > 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. In strong markets the 50 day ma frequently acts as support. I previously mentioned a stock I had that sold off, but I held on longer than was probably prudent because the volume was very low on the sell off, and it has since rebounded. Besides the low volume, the other reason I held was that it was right at its 50 day average. I wanted to see if it would bounce from there (this was SDII), and it did. I sometimes see stock movements that seem so peculiar I wonder if it some sort of manipulation by these "scum". The action of HYSW, for instance, a few days before earnings were released, seemed very odd to me (spiked down intraday, stopped a couple of members of this list out). - - ------------------------------ Date: Fri, 1 May 1998 15:59:26 -0400 From: Paul Gilberti Subject: RE: [CANSLIM] TMBS breaking out I "found" this one last night and decided to buy it this morning. It's the one that I was complaining about Ameritrade's delay. The delay cost me a 1/4 point. Stock has risen 1 5/16 today. ---------- From: Kom Tukovinit[SMTP:tikmok@global.california.com] Reply To: canslim@lists.xmission.com Sent: Friday, May 01, 1998 1:35 PM To: canslim@lists.xmission.com 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, 01 May 1998 13:15:00 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Settings for BigCharts http://www.clearstation.com/stox.html At 10:29 AM 5/1/98 , you wrote: >Tim-- > >What ist the URL for Clearstation? > >Connie Mack > 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 13:45:38 -0700 From: Tim Fisher Subject: [CANSLIM] Stochastic Explanation Found this explanation for the stochastic. Cleared a lot up for me. The stochastic oscillator compares where a security's price has closed relative to its price range over a specifically identified period of time. George Lane, who developed this indicator, theorized that in an upwardly trending market prices tend to close near their high, and during a downward trending market prices tend to close near their low. Further, as an upward trend matures, price tends to close further away from its high; and as a downward trend matures, price tends to close away from its low. The stochastic indicator attempts to determine when prices start to cluster around their low of the day for an uptrending market, and when they tend to cluster around their high in a downtrending market. Lane's theory is that these are the conditions that indicate a trend reversal is beginning to occur. The stochastic indicator is plotted as two lines. They are the %D line and the %K line. The D line is more important than the K line. The stochastic is plotted on a chart with values ranging from 0 to 100. The value can never fall below 0 or above 100. Readings above 80 are strong and indicate that price is closing near its high. Readings below 20 are strong and indicate that price is closing near its low. Ordinarily, the K line will change direction before the D line. However, when the D line changes direction prior to the K line, a slow and steady reversal is usually indicated. When both K and D lines change direction, and the faster K line subsequently changes direction to retest a crossing of the D line, but doesn't cross it, this is a good confirmation of the stability of the prior reversal. A very powerful move is underway when the indicator reaches its extremes around 0 and 100. Following a pullback in price, if the indicator retests these extremes, a good entry point is indicated. Many times, when the %K or %D lines begin to flatten out, this is an indication that the trend will reverse during the next trading range. Quite often, divergence is set up on the chart. That is, price may be making higher highs, but the stochastic oscillator is making lower lows. Or conversely, price may be making lower highs, and the stochastic oscillator is making higher highs. In either case, the indicator usually is demonstrating a change in price before price itself is changing. The formula for %K is as follows: %K = 100[(C - L5close)/(H5 - L5)] Where: C = the most recent close L5 = the lowest low for the last 5 trading periods H5 = highest high for the same five trading periods %D is a smoothed version of the K line. Usually, 3 periods are used. The formula is as follows: %D = 100 X (H3/L3) Where: H3 = the 3-period sum of (C - L5) L3 = the 3-period sum of (H5 - L5) 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 14:49:56 -0700 From: "Lee D Grinberg" Subject: [CANSLIM] Trading for a living Members: I am new to trading and trying to learn as much as I can. I have recently been told about Dr. Alexander Elder's book 'Trading For A Living'. Has anyone read this book and if so did you find it helpful? Any other reading suggestions? Thanks! Free web-based email, Forever, From anywhere! http://www.mailexcite.com - - ------------------------------ Date: Fri, 1 May 1998 15:50:05 -0700 (PDT) From: Anindo Majumdar Subject: Re: [CANSLIM] OBV/MF stocks WCOM seems to be showing a divergence between OBV amd MF at least in today's chart. Anindo > > Members-- > > I owe an apology to Tom and the group. In the chaos that was my getting > ready to trade today, I misread Tom's note. I unaccountably thought > that RITTF and CASY would not meet Canslim criteria. > > My apologies. > > Now that I've recovered my senses, let me make some corrections. > > I did get filled in three of the four stocks. > > When I draw trendlines on price, I always use the 3-line of the EMA to > smooth things out a bit. > > RITTF was one of my fills this morning. I like RITTF because the OBV > and MF had nearly identical positive divergence patterns. Price started > to decline early in April and continued on until yesterday. Price had > dropped from 15 to 13 by the middle of April. Following a few days of > upticks, it fell to 12.24 at yesterday's open. > > During the decline from 15 to 13, OBV/MF didn't budge. Then, as the > stock dropped still further, both OBV and MF rose far above their > February and March level though the price has been a little above > 12.25. This is powerful short term positive divergence. > > The SlowSto is rising nicely from the 30-35 level. The MACD is a bit > iffy but not a problem [and it is a lagging indicator usually]. > > CASY: The EMA looks like a first level buy. > > The OBV and MF, over the last three weeks, are nearly identical and > positively divergent with price. Price went from about 18 to 15, and > the OBV/MF held steady. > > SlowSto looks pretty good, but the MACD isn't promising yet. > > The first level EMA buy at 16-16.25 looked safe. I wouldn't let a > 1/16th or an 1/8th turn me away from entry. > > 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 > > > > -----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, 1 May 1998 16:34:45 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Ameritrade stock trade delay > From: Paul Gilberti > To: "'canslim@xmission.com'" > 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). This is not normal, I would consider using another broker. I have been trading on-line with Dreyfus, formerly Pacific Brokerage, for over a year, have had no problems, although you don't get many extras. Also, Discover has good reports from Barrons. There are at least two for you to consider. I wouldn't worry too much about the extra $4 or $5 a trade you might pay between them and another broker. - - ------------------------------ Date: Fri, 1 May 1998 17:05:42 -0800 From: "Patrick Wahl" Subject: [CANSLIM] WSTF Western Staffing looks pretty good, although maybe a point or two too extended. Whoever was asking what it means when people say the volume dries up should be able to see it very clearly on this chart over the course of the last 5 or 6 weeks, where volume was high, dried up, then perked up again as the price emerged from a flat base. - - ------------------------------ Date: Sat, 2 May 1998 02:38:47 -0400 From: Larry Horn Subject: [CANSLIM] Selections from "Your Weekend Review" I just finished my table of stocks pulled from "Your Weekend Review" which you can see at www.duke.edu/~clhorn/canslim. It lists all stocks that are: over $7 within 15% of 52 week high EPS and RS of 85 or higher A/D=A or B Fund=A-, A, or A+ Group Strength=A It also lists PE, Shares, Float, ROE ,and some have %Institution. There are 103 cos listed. Anthony Boone boonean@nwga.com has converted past tables to a form that you can load into your spreadsheet. The ones that have %Mgmt 5-50%, ROE>15 and %Institution 5-30% are ALGI, TMBS, ADV and LIND. Co--PE--GrpStr--A/D--EPS--RS--Shr--Flt--ROE--%Insti ALGI--17--A--A--98--99--0.605--0.3--53.31--9.1 TMBS--24--A--B--99--95--7.01--4.9--48.61--13.7 ADV--17--A--A--92--90--8.86--6--16.37--21.2 LIND--15--A--A--94--96--4.83--2.7--18.86--28.2 As Kom mentioned, it looks like TMBS broke out today closing at 19 7/16 with good volume (it looks like a little more than 2x). I'd say the pivot point was 18 1/2, so, it could still be bought up to 19 7/16-20 6/16 and still be within the 5-10% past pivot point. I don't know what to make of the money flow. ALGI's volume is too low for me. ADV broke out from 25 at the start of April and is now at 31 1/16. It has been edging lower with low volume over the past 2 weeks. Might be good to buy in a few weeks if it continues to consolidate for awhile. LIND has low volume also. Larry Horn - - ------------------------------ Date: Fri, 01 May 1998 23:52:12 -0400 From: Kom Tukovinit Subject: [CANSLIM] TMBS This might explain why it jumped.... Timberline Software rose 1 7/16 to a closing high of 19 7/16 on double average volume. The maker of financial software for the construction and property management industries was profiled Friday in IBD's New America. - - ------------------------------ Date: Sat, 02 May 1998 08:56:43 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Selections from "Your Weekend Review" At 02:38 5/2/98 -0400, Larry Horn wrote: >I just finished my table of stocks pulled from "Your >Weekend Review" which you can see at >www.duke.edu/~clhorn/canslim. ....snipped.... >Larry Horn > > Hi Larry, I appreciate your posting of the weekend review along with the other data you have uncovered, however, have you actually tried to cut/paste the cells from the website? I have, and the result is that each column is given a new line in Excel, or even Quatro. Thus you have a new line for each column that has each cells contents starting further to the right (HTML margin I suspect.), until the HTML line is exhausted. It then repeats over starting at the left most column. You end up with your file that has every data element on a new line. I have not figured a way to convert the individual lines of Excel formatting into the proper cell relationship. Is there a trick to it? Frank Wolynski - - ------------------------------ Date: Sat, 02 May 1998 08:56:43 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Selections from "Your Weekend Review" At 02:38 5/2/98 -0400, Larry Horn wrote: >I just finished my table of stocks pulled from "Your >Weekend Review" which you can see at >www.duke.edu/~clhorn/canslim. ....snipped.... >Larry Horn > > Hi Larry, I appreciate your posting of the weekend review along with the other data you have uncovered, however, have you actually tried to cut/paste the cells from the website? I have, and the result is that each column is given a new line in Excel, or even Quatro. Thus you have a new line for each column that has each cells contents starting further to the right (HTML margin I suspect.), until the HTML line is exhausted. It then repeats over starting at the left most column. You end up with your file that has every data element on a new line. I have not figured a way to convert the individual lines of Excel formatting into the proper cell relationship. Is there a trick to it? Frank Wolynski - - ------------------------------ Date: Sat, 02 May 1998 06:33:09 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Selections from "Your Weekend Review" You can record a macro to do it for you. I have written many such macros to rearrange cells. Turn on macro recorder then depending on your version find the options for it, turn on relative references. Start at the first cell that is below the line where it should be, cut it, do , paste it, do , do , and turn off the recorder. Assign a key to it *(I like ctrl-Z cause they are close together), then go to the next cell that needs to be moved and test it out. At 08:56 AM 5/2/98 -0400, you wrote: >At 02:38 5/2/98 -0400, Larry Horn wrote: >>I just finished my table of stocks pulled from "Your >>Weekend Review" which you can see at >>www.duke.edu/~clhorn/canslim. >....snipped.... >>Larry Horn >> >> > >Hi Larry, > >I appreciate your posting of the weekend review along with the other data >you have uncovered, however, have you actually tried to cut/paste the cells >from the website? I have, and the result is that each column is given a new >line in Excel, or even Quatro. Thus you have a new line for each column >that has each cells contents starting further to the right (HTML margin I >suspect.), until the HTML line is exhausted. It then repeats over starting >at the left most column. > >You end up with your file that has every data element on a new line. > >I have not figured a way to convert the individual lines of Excel >formatting into the proper cell relationship. Is there a trick to it? > >Frank Wolynski > > 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 12:32:28 -0400 From: Tom Worley Subject: Re: [CANSLIM] Re: 50 DMA Dips Sorry, but I don't subscribe to the "investor paronoia" that "they're" out to get us. Yeah, I've seen a few very limited examples where there were in place sizable stop loss orders on a listed security, and it appeared that the specialist manipulated the mkt down to that level to trigger those sell orders, possibly to get stock to fill buy orders. But it has been a very rare occurrence that I have observed. And when you consider a reasonably liquid NASDAQ stock, 8 or 10 different competing Broker Dealers acting as mkt makers would have to conspire to do this. I just don't buy it, esp in this environment in which lawsuits are common, scrutiny and suspicion are high, and yet BDs must work and try to make a profit. Mkt dynamics (supply and demand, as set by pricing, news and "M") dictate the price and movement of a stock, IMHO. Tom W - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Friday, May 01, 1998 10:55 AM 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. - - ------------------------------ Date: Fri, 01 May 1998 16:33:22 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] MDLK Members-- May I offer a comment on MDLK and commissions. MDLK has OBV/MF positive divergence that began about two weeks ago and exists up to the present. Do not forget that positive divergence is like an aura surrounding a stock; it speaks of strength. What OBV/MF does not do is provide a handle telling you when to reach for the stock. It is the EMA [3/7/10] that provides the handle. E.g., 6-7 days ago the EMA said to let go of the handle that was extended at the end of the first week of April. What you must decide, when entering or exiting, is which of the EMA handles you will grab or let go of: the first level handle [the 3-line passing through the 7-line, depending on whether you're entering or exiting]; the second level [3-line through the 10-line]; or the third level [7-line through the 10]. If you will pull up a 1-mos chart, you can see that the EMA said to grab the handle on the 9th or the 13th. It said to let go on the 22nd. A first and second level "let go" occurred on the same day, the 22nd. The third level "let go" occurred at the end of trading on the 24th; there may have been no opportunity to "leg go" until the next trading day, the 27th. To hold on through the third level sell is to ignore your reason for using an EMA at all. Unless something bad happens to counter the OBV/MF, you should buy on the next EMA buy signal. Some have told me how much they are paying for round trips. If you're paying more than $18 or so for round-trip market orders, you ought to take a look at what you're paying for beyond that price. Twenty-six dollars round-trip for limit orders is about all you should pay. I've known several friends who wouldn't get in or get out just because they didn't want to plop down $50-100 for commissions. They are a species that will hold on down through a third level sell and pray for a star in the East to lead them to a money manger. [Or should I say "money manager"?] The WSJ said that the average investor/trader is in and out only three times per month. What would three round-trips cost you? You are spending some decent bucks just for the ride. And the less capital you're working, the greater percentage you eat up in commissions. And you had better be more damned right than wrong and have got in at the bottom and out at the top many more times than not. If you're trading or investing $25,000, you would be pressed to convince me that anything that a broker offered you would be something that you would need, other than his horse. To trade that amount presumes that you're more knowledgeable, much more knowledgeable than the average bear. There is some dollar analogy between the size of the trader's and investor's capital and the dependence he feels for a high commission broker. I've some private queries about my stock posts today. I'll begin those now. Connie Mack - - ------------------------------ Date: Fri, 01 May 1998 21:54:53 -0400 (EDT) From: Mulack Subject: Re: [CANSLIM] TC2000 for Windows Al, I just reviewed your e-mail regerding TC2000. I am new to tracking individual stocks and am looking for ways to track. How does one subscribe to TC2000? Thanks Frank - - ------------------------------ Date: Sat, 02 May 1998 06:49:25 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Selections from "Your Weekend Review" Whoops! That should read or you'll overwrite the line above! At 06:33 AM 5/2/98 -0700, you wrote: >You can record a macro to do it for you. I have written many such macros to >rearrange cells. Turn on macro recorder then depending on your version find >the options for it, turn on relative references. Start at the first cell >that is below the line where it should be, cut it, do , paste it, >do , do , and turn off the recorder. Assign a key to it >*(I like ctrl-Z cause they are close together), then go to the next cell >that needs to be moved and test it out. > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@orerockon.com WWW http://OreRockOn.com - - ------------------------------ Date: Sat, 02 May 1998 08:00:07 -0600 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Sending large files to the canslim group Everyone, >From time to time, you may wish to share large files with our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured to reject large postings (even if they are properly encoded) since the sheer volume has caused problems in the past. As an alternative, we have provided an anonymous ftp site. To provide your file to the group, please follow these instructions: 1. Send your file to: "ftp://chaos.csd.sdl.usu.edu/pub/incoming/". See ftp instructions below. 2. Send mail to me directly at "jeff.salisbury@sdl.usu.edu" telling me the name of the file that you uploaded. I will move the file from the incoming directory, to the canslim directory where people will be able to download your file. 3. After I notify you that the file has been moved to the canslim directory, you should send an email to the canslim group describing your file, and its URL (i.e. ftp://chaos.csd.sdl.usu.edu/pub/canslim/GreatBoom.gif). Although this may seem unwieldy at first, it really isn't too bad and it solves more problems than it creates. You should note that I do not monitor my email on the weekends as closely as during the week. Therefore, steps 2-3 may take longer over a weekend. Best Regards, Jeff Salisbury =========================================================================== FTP Instructions: 1. Using Netscape, go to the URL: "ftp://chaos.csd.sdl.usu.edu/pub/incoming/". 2. On the Netscape "File" menu, select "Upload File..." This will open a file selection widget on your hard-drive. Select the file you wish to upload and hit the "Ok" button. At this point, your file will be uploaded. 3. Eventhough your file has been uploaded, you will not be able to see the file in your netscape browser. The reason for this is that the "incoming" directory is set to write-only for security reasons. - - ------------------------------ Date: Sat, 2 May 1998 12:02:49 -0400 From: "Al French" Subject: Re: [CANSLIM] TC2000 for Windows - -----Original Message----- From: Mulack To: canslim@lists.xmission.com Date: Saturday, May 02, 1998 9:45 AM Subject: Re: [CANSLIM] TC2000 for Windows >Al, > >I just reviewed your e-mail regerding TC2000. I am new to tracking individual >stocks and am looking for ways to track. How does one subscribe to TC2000? > Two ways. TC2000 Version 3 offers daily data for your stock list at a cost of 1/2 cent per stock and a cap on charges of $1 per day and includes several technical analysis (TA) indicators--$29. TC2000 Version 4 provides unlimited intraday data (20 minutes delay) for 9000 stocks for $2.50/day. Provides many TA indicators and fundamental screens such as "Volume surging today as of 20 minutes ago" or "EPS percent change last 2 quarters more than 50%"--$39. Both are offered on a 30-day trial with a money back guarantee at 1-800-776-4940. Al French (A CANSLIM-digest subscriber who can seldom make timely comments.) - -- alfrench@erols.com - - ------------------------------ Date: Sat, 2 May 1998 12:35:06 -0400 From: "Barry Marx" Subject: Re: [CANSLIM] Clearstation (was Settings for BigCharts) Does anyone know if Clearstation going to be a free or fee-based service after this beta offer? It looks like it has some interesting features, but I'm not sure if I want to get hooked into it if it's only going to be free temporarily. Thanks, Barry Marx - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Friday, May 01, 1998 4:14 PM Subject: Re: [CANSLIM] Settings for BigCharts >http://www.clearstation.com/stox.htm l > >At 10:29 AM 5/1/98 , you wrote: >>Tim-- >> >>What ist the URL for Clearstation? >> >>Connie Mack >> > >Tim Fisher / tim@OreRockOn.com >Ore-Rock-On and Pacific Fishery Biologists WWW Sites: > >http://OreRockOn.com >See naked fish and rocks! > >- > > - - ------------------------------ Date: Sat, 2 May 1998 11:46:54 -0500 From: Bob Simms Subject: [CANSLIM] Money Flow I have Quotes Plus. It has an indicator that it call's the Chaikin Cumulative Money Flow Indicator: ( ( ( Close - Low ) - ( High - Close ) ) / ( High - Low ) ) * Volume A running total is kept of above values each day. This indicator seems to be similar to the one used by Big Charts. I have Metastock and WOW and their Money Flow indicators don't seem to be similar. Best Wishes, Bob - - ------------------------------ Date: Sat, 2 May 1998 12:57:24 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] Stochastic Explanation - continued. A couple of additional comments on stochastics. Tim Fisher provided a very clear explanation of what a stochastic is. I would like to look at a specific example of its use. As Time noted, the stochastic is used to denote changes is a stocks trending price. There are a few things to keep in mind when looking at a stocks stochastic. First, a positive looking stochastic does not mean the stock is healthy or is now embarking on an extended upward move. Second, a stochastic will often lag behind abrupt upward or downward moves in a stock. It is useful in providing buy and sell signals for normally trending stocks, it offers little assistance with rangy or quickly changing charts. If your charting software has stochastic, look at EDAC for a good example of a buy indication. Specifically, look at the horizontal consolidation that took place during March of this year. First, I use a 20 period stochastic with a SK period of 5 and an SD period of 10. On 4/1 the stochastic line, being near the low of its range, turned positive with the short term SK line moving upward and crossing the longer term SD line. This is the first signal of trend change and only indicates a possible short term bottom. For quickly moving stocks, such as in this case, this may be the only indication one would get of the impending upward movement. Often, if the trend change doesn't occur so abruptly, you can look for a confirming signal with a second, but higher, downward turn and upward crossing of the SK and SD lines, a higher low, if you will. The top of the trend was signaled on 4/20 by the SK line turning downward and intersecting the SD line. In short, stochastic, is a valuable tool in making a buy or sell decision. However, it is prudent to consider the many other important parts of the puzzle. Price and volume action, TSV, OBV some of the oscillators like MACD or wilders RSI all aid or confirm each other in signaling trend changes. Many of the oscillators will lag price action more than a stochastic, but do confirm in time. I will be happy to scan the EDAC chart, with the stochastic shown, and email to anyone who may not have stochastic and wish to look at it. Tony - ---------- > From: Tim Fisher > To: canslim@lists.xmission.com > Subject: [CANSLIM] Stochastic Explanation > Date: Friday, May 01, 1998 4:45 PM > > Found this explanation for the stochastic. Cleared a lot up for me. > > The stochastic oscillator compares where a security's price has closed > relative > to its price range over a specifically identified period of > time. George Lane, who developed this indicator, theorized that in an > upwardly trending market prices tend to close near their high, and > during a downward trending market prices tend to close near their low. > Further, as an upward trend matures, price tends to close further > away from its high; and as a downward trend matures, price tends to > close away from its low. > > The stochastic indicator attempts to determine when prices start to > cluster around their low of the day for an uptrending market, and > when they tend to cluster around their high in a downtrending market. > Lane's theory is that these are the conditions that indicate a trend > reversal is beginning to occur. > > The stochastic indicator is plotted as two lines. They are the %D line > and the %K line. The D line is more important than the K line. The > stochastic is plotted on a chart with values ranging from 0 to 100. > The > value can never fall below 0 or above 100. Readings above 80 > are strong and indicate that price is closing near its high. Readings > below 20 are strong and indicate that price is closing near its low. > > Ordinarily, the K line will change direction before the D line. > However, when the D line changes direction prior to the K line, a slow and > steady reversal is usually indicated. > > When both K and D lines change direction, and the faster K line > subsequently changes direction to retest a crossing of the D line, but > doesn't cross it, this is a good confirmation of the stability of the > prior reversal. > > A very powerful move is underway when the indicator reaches its > extremes around 0 and 100. Following a pullback in price, if the > indicator retests these extremes, a good entry point is indicated. > > Many times, when the %K or %D lines begin to flatten out, this is an > indication that the trend will reverse during the next trading range. > > Quite often, divergence is set up on the chart. That is, price may be > making higher highs, but the stochastic oscillator is making lower > lows. Or conversely, price may be making lower highs, and the > stochastic oscillator is making higher highs. In either case, the indicator > usually is demonstrating a change in price before price itself is > changing. > > The formula for %K is as follows: > > %K = 100[(C - L5close)/(H5 - L5)] > > Where: > > C = the most recent close > > L5 = the lowest low for the last 5 trading periods > > H5 = highest high for the same five trading periods > > %D is a smoothed version of the K line. Usually, 3 periods are used. > The formula is as follows: > > %D = 100 X (H3/L3) > > Where: > > H3 = the 3-period sum of (C - L5) > > L3 = the 3-period sum of (H5 - L5) > > > Tim Fisher / tim@OreRockOn.com > Ore-Rock-On and Pacific Fishery Biologists WWW Sites: > > http://OreRockOn.com > See naked fish and rocks! > > - > - - ------------------------------ Date: Sat, 2 May 1998 13:39:52 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] Stochastic Explanation - continued. One last point. You can play with your stochastic period or time frames to see if different settings will give more appropriate information for varying stocks. A stock like DELL will not benefit from short term settings. Some of your more rangy stocks will give better readings from 5 day stochastics. Tony - - ------------------------------ End of canslim-digest V2 #221 ***************************** 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.