From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2739 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, August 7 2002 Volume 02 : Number 2739 In this issue: RE: [CANSLIM] cup w/o handle, churning [CANSLIM] Hunting List (nee Watchlist) Re: [CANSLIM] Identifying NEW leaders RE: [CANSLIM] Identifying NEW leaders Re: [CANSLIM] Identifying NEW leaders Re: [CANSLIM] Hunting List (nee Watchlist) Re: [CANSLIM] cup w/o handle Re: [CANSLIM] cup w/o handle RE: [CANSLIM] cup w/o handle ---------------------------------------------------------------------- Date: Wed, 7 Aug 2002 08:35:28 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] cup w/o handle, churning Hi Ann, Perhaps the key to getting your understanding of this nailed is to analyze the phrase from your posting "but I had in my notes ... that the volume should dry up on the R-side of a Cup-without-Handle." As I understand it, the volume should be above the 50 ADV on at least a few days as it comes up the right side of the cup and those days should be accompanied by a price increase. Once the handle has started to form, you now want the volume to drop below the 50 ADV on most days. In particular, you don't want to see above average volume accompanied by large downward price moves, as this is a sign of weakness. (Katherine pointed this out earlier). If you run the chart selector that I posted yesterday, you will see that the stocks selected are given a CQ rating. This is a metric that attempts to quantify the qualities I mentioned in the previous paragraph. (see my earlier post today also). Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Wednesday, August 07, 2002 6:49 AM To: CANSLIM Listserv Subject: [CANSLIM] cup w/o handle, churning Thanks, Charley, Mike, Patrick, Nancy, Katherine, This is such a great list. It's amazing to be able to post questions and get all these prompt and helpful replies. Thank you, all. My questions arose, when I was looking at the charts in Chapter 13 of HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the charts point out "strong up weeks on big volume" on the R-side of the cup, but I had in my notes (possibly from Investors' Corner, as I think Charley suggests) that the volume should dry up on the R-side of a Cup-without-Handle. But, as I look over all the charts (and these are charts that WON picked because the stocks flew after breakout), no one chart has ALL the characteristics you should look for. For example, in the CSCO chart (p. 158), the RS line was not at an all-time high before the stock took off in '95. I guess the moral of the story is that you have to take a preponderance of indicators, and not just get stuck over one of them missing. (But then, that "one" could later prove to be your downfall!! Alas!). Thanks again, Ann - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 07 Aug 2002 13:43:19 -0500 From: Gene Ricci Subject: [CANSLIM] Hunting List (nee Watchlist) This is a multi-part message in MIME format. - ------=_NextPart_000_001E_01C23E18.639854E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Rather than 'scrap' the idea of a watchlist, I would like to suggest = posting of weekly 'hunting' list identical to the one that Katherine = posted on July 23rd to the CANSLIM list site: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip Katherine, would you be willing to provide your hunting list on a weekly = basis? Benefits: "Identify good stocks in bad markets, by paying attention to = what is most critical" . 1. help those that don't have the resources to quickly filter the stock = universe for growth and minimum technical requirements - forward growth = of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS at = least 60, no more than 15% below the 50 day MA, and at or above the 200 = day MA. . 2. promote discussion of stocks that are technically healthy=20 . Due Diligence has to start somewhere.... why not from a list like = this.... ??? Gene - ------=_NextPart_000_001E_01C23E18.639854E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Rather than 'scrap' the idea of a = watchlist,=20 I would like to suggest posting = of weekly=20 'hunting' list identical to the one that Katherine posted on July = 23rd to=20 the CANSLIM list site:
 
http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip
 
Katherine, would you be willing to provide your hunting list on a = weekly=20 basis?
 
Benefits: "Identify good stocks in bad markets, by paying = attention to=20 what is most critical"
.
1.  help those that don't have the resources to quickly filter = the=20 stock universe for growth and minimum technical = requirements - forward=20 growth of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS = at=20 least 60, no more than 15% below the 50 day MA, and at or above the 200 = day=20 MA.
.
2. promote discussion of stocks that are technically healthy =
.
Due Diligence has to start somewhere.... why not from a list like = this....=20 ???
 
Gene
- ------=_NextPart_000_001E_01C23E18.639854E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 7 Aug 2002 14:38:32 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] Identifying NEW leaders - --part1_197.b078fac.2a82c328_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris - --part1_197.b078fac.2a82c328_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Here is one similar to CHTT, what do you think.

DLI,  Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1

CHTT does have double the margin but much more dept. comments

Chris
 - --part1_197.b078fac.2a82c328_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 07 Aug 2002 14:00:01 -0500 From: jch Subject: RE: [CANSLIM] Identifying NEW leaders - --=======626D331F======= Content-Type: multipart/alternative; x-avg-checked=avg-ok-7A1F4B2; boundary="=====================_74185248==_.ALT" - --=====================_74185248==_.ALT Content-Type: text/plain; x-avg-checked=avg-ok-7A1F4B2; charset=us-ascii; format=flowed Content-Transfer-Encoding: 8bit So if you wonder what's the "N" in P & G see Business Week 8/12/02 pg 58--a Gillette type product--SpinBrush----hyperlink follows: http://www.businessweek.com/magazine/content/02_32/b3795072.htm John Heiman >Don't overlook the soap :) > >Aloha, > >Mike Gibbons >Proactive Technologies, LLC >http://www.proactech.com >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller >Sent: Tuesday, August 06, 2002 4:34 PM >To: canslim@lists.xmission.com >Subject: RE: [CANSLIM] Identifying NEW leaders > >I think this was basically WON's point in the K&C Interview. He concluded >that without tax incentives for new businesses, a new leading group may be >a long way off. However, since my bride's 401K is primarily made up of >P&G stock, I'm happy to see them showing the remaining industries their >backside! > >As for the beer, I'm doing my part! > >Duke >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley >Sent: Tuesday, August 06, 2002 8:50 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Identifying NEW leaders > >I will wade into this topic just a little. I have never found consumer >groups to be sustainable leaders. They are defensive, and some are less >cyclical than others (we got to eat, smoke, drink, take baths, do laundry, >etc after all, at least I hope so!!). I have seen the Financials provide >a strong secondary leadership at times, even lasting months, but that is >also not a sector I fully trust as true leaders to turn this "M" >around. I think the key will remain whatever group can demonstrate >sustained revenue and earnings growth that puts the rest of the groups / >sectors to shame. So far, none are showing that to me. > >----- Original Message ----- >From: J. Lobatto >To: canslim@lists.xmission.com >Sent: Tuesday, August 06, 2002 7:46 PM >Subject: Re: [CANSLIM] Identifying NEW leaders > >If we have to look toward beer and soap to lead the market, it won't be >pretty..... > >Jon >----- Original Message ----- >From: Duke Miller >To: canslim@lists.xmission.com >Sent: Tuesday, August 06, 2002 5:12 PM >Subject: RE: [CANSLIM] Identifying NEW leaders > >WON did say that consumer groups might likely lead us out of the >abyss. And if you pulled up today's SOD, there's a good chance you almost >fell out of your chair as I did. It lists the top 20 Up/Down Volume >leaders, to wit: > >This screen lists leading stocks in leading industries with an >up/down >volume ratio of at least 1.0, which indicates buying volume has exceeded >selling volume in recent months. The ratio can be found daily in IBD's >Stock Checkup for all stocks. Stocks shown have an >Earnings >Per Share Rating >Relative >Price Strength Rating of at least 80, an >Industry >Group Relative Strength Rating of at least "B-" and an >SMR >Rating of "A." All stocks are within 20% of a 52-week high. > >There are three consumer products companies therein: BUD, DL, STZ, and PG >(that one made me fall out of my chair). > > > > >--- - --=====================_74185248==_.ALT Content-Type: text/html; x-avg-checked=avg-ok-7A1F4B2; charset=iso-8859-1 Content-Transfer-Encoding: quoted-printable So if you wonder what's the "N" in P & G see Business Week 8/12/02 pg 58--a Gillette type product--SpinBrush----hyperlink follows:

http://www.businessweek.com/magazine/content/02_32/b3795= 072.htm

John Heiman


Don't overlook the soap :)
 
Aloha,
 
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com [mail= to:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller
Sent: Tuesday, August 06, 2002 4:34 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Identifying NEW leaders
I think this was basically WON's point in the K&C Interview.  He concluded that without tax incentives for new businesses, a new leading group may be a long way off.  However, since my bride's 401K is primarily made up of P&G stock, I'm happy to see them showing the remaining industries their backside!
 
As for the beer, I'm doing my part!
 
Duke
-----Original Message-----
From: owner-canslim@lists.xmission.com [mail= to:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Tuesday, August 06, 2002 8:50 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Identifying NEW leaders
I will wade into this topic just a little. I have never found consumer groups to be sustainable leaders. They are defensive, and some are less cyclical than others (we got to eat, smoke, drink, take baths, do laundry, etc after all, at least I hope so!!).  I have seen the Financials provide a strong secondary leadership at times, even lasting months, but that is also not a sector I fully trust as true leaders to turn this "M" around.  I think the key will remain whatever group can demonstrate sustained revenue and earnings growth that puts the rest of the groups / sectors to shame. So far, none are showing that to me.
 
----- Original Message -----=20
From: J. Lobatto=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, 2002 7:46 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

If we have to look toward beer and soap to lead the market, it won't be= pretty.....
 
Jon
----- Original Message -----=20
From: Duke Miller=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, August 06, 2002 5:12 PM
Subject: RE: [CANSLIM] Identifying NEW leaders

WON did say that consumer groups might likely lead us out of the= abyss.  And if you pulled up today's SOD, there's a good chance you= almost fell out of your chair as I did.  It lists the top 20 Up/Down= Volume leaders, to wit:
 
This screen lists leading stocks in leading industries with an up/down volume ratio of at least 1.0, which= indicates buying volume has exceeded selling volume in recent months. The= ratio can be found daily in IBD's Stock Checkup for all stocks. Stocks= shown have an Earnings Per Share Rating Relative Price Strength Rating of at least 80,= an Industry Group Relative Strength Rating of at= least "B-" and an SMR Rating of "A." All stocks are= within 20% of a 52-week high.
 
There are three consumer products companies therein:  BUD, DL, STZ,= and PG (that one made me fall out of my chair).
 
 


- ---


- --=====================_74185248==_.ALT-- - --=======626D331F======= Content-Type: text/plain; charset=us-ascii; x-avg=cert; x-avg-checked=avg-ok-7A1F4B2 Content-Disposition: inline - --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.381 / Virus Database: 214 - Release Date: 8/2/2002 - --=======626D331F=======-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 07 Aug 2002 12:38:08 -0700 From: Ian Subject: Re: [CANSLIM] Identifying NEW leaders This is a multi-part message in MIME format. - --Boundary_(ID_pWa78sGA7Rp/7lT9vpB8iw) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously. ----- Original Message ----- From: Vanchee1@aol.com To: canslim@lists.xmission.com Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris - --Boundary_(ID_pWa78sGA7Rp/7lT9vpB8iw) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT

In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron
 
I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously.
 
 
----- Original Message -----
From: Vanchee1@aol.com
To: canslim@lists.xmission.com
Sent: Wednesday, August 07, 2002 11:38 AM
Subject: Re: [CANSLIM] Identifying NEW leaders

Here is one similar to CHTT, what do you think.

DLI,  Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1

CHTT does have double the margin but much more dept. comments

Chris
- --Boundary_(ID_pWa78sGA7Rp/7lT9vpB8iw)-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 7 Aug 2002 15:11:57 -0400 From: "Ann" Subject: Re: [CANSLIM] Hunting List (nee Watchlist) This is a multi-part message in MIME format. - ------=_NextPart_000_004F_01C23E24.C5CD3520 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Well, you'd have to give a crash course in Excel to some of us (me, at = least)! Ann ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 2:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) Rather than 'scrap' the idea of a watchlist, I would like to suggest = posting of weekly 'hunting' list identical to the one that Katherine = posted on July 23rd to the CANSLIM list site: http://WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip Katherine, would you be willing to provide your hunting list on a = weekly basis? Benefits: "Identify good stocks in bad markets, by paying attention to = what is most critical" . 1. help those that don't have the resources to quickly filter the = stock universe for growth and minimum technical requirements - forward = growth of at least 15%, Price at least 6, Avg Daily Vol at least 30K, RS = at least 60, no more than 15% below the 50 day MA, and at or above the = 200 day MA. . 2. promote discussion of stocks that are technically healthy=20 . Due Diligence has to start somewhere.... why not from a list like = this.... ??? Gene - ------=_NextPart_000_004F_01C23E24.C5CD3520 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Well, you'd have to give a crash course in Excel to = some of us=20 (me, at least)!
Ann
----- Original Message -----
From:=20 Gene = Ricci
Sent: Wednesday, August 07, = 2002 2:43=20 PM
Subject: [CANSLIM] Hunting List = (nee=20 Watchlist)

Rather than 'scrap' the idea of a = watchlist,=20 I would like to = suggest posting of=20 weekly 'hunting' list identical to the one that Katherine posted on = July=20 23rd to the CANSLIM list site:
 
http:= //WallStreet-LLC.com/canslim/CANSLIMHunting072202.zip
 
Katherine, would you be willing to provide your hunting list on a = weekly=20 basis?
 
Benefits: "Identify good stocks in bad markets, by paying = attention=20 to what is most critical"
.
1.  help those that don't have the resources to quickly = filter the=20 stock universe for growth and minimum technical=20 requirements - forward growth of at least 15%, Price at = least 6, Avg=20 Daily Vol at least 30K, RS at least 60, no more than 15% below the 50 = day MA,=20 and at or above the 200 day MA.
.
2. promote discussion of stocks that are technically healthy =
.
Due Diligence has to start somewhere.... why not from a list like = this.... ???
 
Gene
- ------=_NextPart_000_004F_01C23E24.C5CD3520-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 7 Aug 2002 15:15:08 -0400 From: "Ann" Subject: Re: [CANSLIM] cup w/o handle Mike, Sorry if I'm missing something, but aren't you talking about cup With handle? Or are you saying that, in the cup With handle the drop in volume occurs in the handle, and in the cup Without handle it occurs on the right side of the cup (at least part of the time)? Ann - ----- Original Message ----- From: "Mike Gibbons" To: Sent: Wednesday, August 07, 2002 2:35 PM Subject: RE: [CANSLIM] cup w/o handle, churning : Hi Ann, : : Perhaps the key to getting your understanding of this nailed is to analyze : the phrase from your posting "but I had in my notes ... that the volume : should dry up on the R-side of a Cup-without-Handle." : : As I understand it, the volume should be above the 50 ADV on at least a few : days as it comes up the right side of the cup and those days should be : accompanied by a price increase. Once the handle has started to form, you : now want the volume to drop below the 50 ADV on most days. In particular, : you don't want to see above average volume accompanied by large downward : price moves, as this is a sign of weakness. (Katherine pointed this out : earlier). : : If you run the chart selector that I posted yesterday, you will see that the : stocks selected are given a CQ rating. This is a metric that attempts to : quantify the qualities I mentioned in the previous paragraph. (see my : earlier post today also). : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Wednesday, August 07, 2002 6:49 AM : To: CANSLIM Listserv : Subject: [CANSLIM] cup w/o handle, churning : : : Thanks, Charley, Mike, Patrick, Nancy, Katherine, : : This is such a great list. It's amazing to be able to post questions and get : all these prompt and helpful replies. Thank you, all. : : My questions arose, when I was looking at the charts in Chapter 13 of : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the : charts point out "strong up weeks on big volume" on the R-side of the cup, : but I had in my notes (possibly from Investors' Corner, as I think Charley : suggests) that the volume should dry up on the R-side of a : Cup-without-Handle. : : But, as I look over all the charts (and these are charts that WON picked : because the stocks flew after breakout), no one chart has ALL the : characteristics you should look for. For example, in the CSCO chart (p. : 158), the RS line was not at an all-time high before the stock took off in : '95. : : I guess the moral of the story is that you have to take a preponderance of : indicators, and not just get stuck over one of them missing. (But then, that : "one" could later prove to be your downfall!! Alas!). : : Thanks again, : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 7 Aug 2002 12:30:09 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] cup w/o handle Ann, I think the whole issue with the cup w/o a handle comes to this. Have all the sellers finished selling? The problem with no handle is the chance of a big pullback as the previous shareholder get out for good after sitting through that darned cup. With a handle of lower volume, there is less risk of a pullback. Most of the sellers are done IMO. So, I'm no expert at this but, I might want to see the volume dryup a bit as it climbs the right side near the top - then increased volume as it breaks to new ground. Add to that, the fundies had better be perfect for added insurance against the lack of a handle. Note: I find the no handle issue fits with the double bottom charts better as the stock's had ample time to shake out the sellers - -Bill - ----- Original Message ----- From: "Ann" To: Sent: Wednesday, August 07, 2002 12:15 PM Subject: Re: [CANSLIM] cup w/o handle > Mike, > > Sorry if I'm missing something, but aren't you talking about cup With > handle? > Or are you saying that, in the cup With handle the drop in volume occurs in > the handle, and in the cup Without handle it occurs on the right side of the > cup (at least part of the time)? > > > Ann > > ----- Original Message ----- > From: "Mike Gibbons" > To: > Sent: Wednesday, August 07, 2002 2:35 PM > Subject: RE: [CANSLIM] cup w/o handle, churning > > > : Hi Ann, > : > : Perhaps the key to getting your understanding of this nailed is to analyze > : the phrase from your posting "but I had in my notes ... that the volume > : should dry up on the R-side of a Cup-without-Handle." > : > : As I understand it, the volume should be above the 50 ADV on at least a > few > : days as it comes up the right side of the cup and those days should be > : accompanied by a price increase. Once the handle has started to form, you > : now want the volume to drop below the 50 ADV on most days. In particular, > : you don't want to see above average volume accompanied by large downward > : price moves, as this is a sign of weakness. (Katherine pointed this out > : earlier). > : > : If you run the chart selector that I posted yesterday, you will see that > the > : stocks selected are given a CQ rating. This is a metric that attempts to > : quantify the qualities I mentioned in the previous paragraph. (see my > : earlier post today also). > : > : Aloha, > : > : Mike Gibbons > : Proactive Technologies, LLC > : http://www.proactech.com > : > : > : -----Original Message----- > : From: owner-canslim@lists.xmission.com > : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann > : Sent: Wednesday, August 07, 2002 6:49 AM > : To: CANSLIM Listserv > : Subject: [CANSLIM] cup w/o handle, churning > : > : > : Thanks, Charley, Mike, Patrick, Nancy, Katherine, > : > : This is such a great list. It's amazing to be able to post questions and > get > : all these prompt and helpful replies. Thank you, all. > : > : My questions arose, when I was looking at the charts in Chapter 13 of > : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the > : charts point out "strong up weeks on big volume" on the R-side of the cup, > : but I had in my notes (possibly from Investors' Corner, as I think Charley > : suggests) that the volume should dry up on the R-side of a > : Cup-without-Handle. > : > : But, as I look over all the charts (and these are charts that WON picked > : because the stocks flew after breakout), no one chart has ALL the > : characteristics you should look for. For example, in the CSCO chart (p. > : 158), the RS line was not at an all-time high before the stock took off in > : '95. > : > : I guess the moral of the story is that you have to take a preponderance of > : indicators, and not just get stuck over one of them missing. (But then, > that > : "one" could later prove to be your downfall!! Alas!). > : > : Thanks again, > : > : Ann > : > : > : - > : -To subscribe/unsubscribe, email "majordomo@xmission.com" > : -In the email body, write "subscribe canslim" or > : -"unsubscribe canslim". Do not use quotes in your email. > : > : > : - > : -To subscribe/unsubscribe, email "majordomo@xmission.com" > : -In the email body, write "subscribe canslim" or > : -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 7 Aug 2002 09:39:33 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] cup w/o handle Correct, it's me that was missing something, I misread your post. Apologies. I have no idea how a cup-without-handle should perform except I imagine that the price/volume action should be overall positive indicating continued accumulation. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Wednesday, August 07, 2002 9:15 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] cup w/o handle Mike, Sorry if I'm missing something, but aren't you talking about cup With handle? Or are you saying that, in the cup With handle the drop in volume occurs in the handle, and in the cup Without handle it occurs on the right side of the cup (at least part of the time)? Ann - ----- Original Message ----- From: "Mike Gibbons" To: Sent: Wednesday, August 07, 2002 2:35 PM Subject: RE: [CANSLIM] cup w/o handle, churning : Hi Ann, : : Perhaps the key to getting your understanding of this nailed is to analyze : the phrase from your posting "but I had in my notes ... that the volume : should dry up on the R-side of a Cup-without-Handle." : : As I understand it, the volume should be above the 50 ADV on at least a few : days as it comes up the right side of the cup and those days should be : accompanied by a price increase. Once the handle has started to form, you : now want the volume to drop below the 50 ADV on most days. In particular, : you don't want to see above average volume accompanied by large downward : price moves, as this is a sign of weakness. (Katherine pointed this out : earlier). : : If you run the chart selector that I posted yesterday, you will see that the : stocks selected are given a CQ rating. This is a metric that attempts to : quantify the qualities I mentioned in the previous paragraph. (see my : earlier post today also). : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Wednesday, August 07, 2002 6:49 AM : To: CANSLIM Listserv : Subject: [CANSLIM] cup w/o handle, churning : : : Thanks, Charley, Mike, Patrick, Nancy, Katherine, : : This is such a great list. It's amazing to be able to post questions and get : all these prompt and helpful replies. Thank you, all. : : My questions arose, when I was looking at the charts in Chapter 13 of : HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the : charts point out "strong up weeks on big volume" on the R-side of the cup, : but I had in my notes (possibly from Investors' Corner, as I think Charley : suggests) that the volume should dry up on the R-side of a : Cup-without-Handle. : : But, as I look over all the charts (and these are charts that WON picked : because the stocks flew after breakout), no one chart has ALL the : characteristics you should look for. For example, in the CSCO chart (p. : 158), the RS line was not at an all-time high before the stock took off in : '95. : : I guess the moral of the story is that you have to take a preponderance of : indicators, and not just get stuck over one of them missing. (But then, that : "one" could later prove to be your downfall!! Alas!). : : Thanks again, : : Ann : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. : : : - : -To subscribe/unsubscribe, email "majordomo@xmission.com" : -In the email body, write "subscribe canslim" or : -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2739 ****************************** 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.