From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #282 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 Sunday, June 14 1998 Volume 02 : Number 282 In this issue: [CANSLIM] Any opinion? Re: [CANSLIM] Group Strength Re: [CANSLIM] DJIA and Trendlines [CANSLIM] DJIA - HS&HR Re: [CANSLIM] OTC Support & Trendlines Re: [CANSLIM] OTC Support & Trendlines [CANSLIM] Scan Re: [CANSLIM] Follow through day window and HGS--Jeffry Re: [CANSLIM] DJIA - HS&HR [CANSLIM]Ian Woodward's HGS products Re: [CANSLIM] Mini interview with William J. O'Neil Re: [CANSLIM]Ian Woodward's HGS products Re: [CANSLIM] Disguised AD Re: [CANSLIM] Group Strength Re: [CANSLIM] Group Strength Re: [CANSLIM]Ian Woodward's HGS products--Johan Re: [CANSLIM] Disguised AD Re: [CANSLIM] Disguised AD Re: [CANSLIM] Group Strength [CANSLIM] Counting, Db Re: [CANSLIM] Group Strength Re: [CANSLIM] Counting, Db--Jeffry Re: [CANSLIM] ABAG: TA & CS [Connie] Re: [CANSLIM] Disguised AD [CANSLIM] Re: DJIA Re: [CANSLIM] ABAG: TA & CS [Connie] Re: [CANSLIM] Re: DJIA [CANSLIM] Message From Richard Piet [CANSLIM] Re: Intro Walter Scott Re: [CANSLIM] Disguised AD Fw: JOSB (was [CANSLIM] Any opinion?_ [CANSLIM] William J. O'Neil talks stocks Re: [CANSLIM] Mini interview with William J. O'Neil [CANSLIM] The "hooters" spammer is gone... Re: [CANSLIM] Reading the market by charts and by the number of CS posts. [Connie] ---------------------------------------------------------------------- Date: Fri, 12 Jun 1998 14:26:30 -0700 From: "Chao, Chih Yu" Subject: [CANSLIM] Any opinion? Hi, Good day, With some gut feeling that the retail stocks are going to stand out for the remaining year, I just bought JOSB. Any opinion? (so I can get out before it's too late. ;-) Anyone follow HTCO and DY? These two looks good. Anyone watch UTR and GALTF? They are beaten dogs, and are definitely not CANSLIM stocks, but I really like their UPWARD chance. Happy trading, ChihYu - - ------------------------------ Date: Sun, 14 Jun 1998 12:25:36 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Group Strength At 06:39 6/14/98 -0400, Robert Bomba wrote: > Two groups that showed a big jump >in strength in Fri's paper from a week ago was Shoes & Rel Apparel (up 63 >spots) & >Computer-Local Networks (up 58 spots). These were from the top 1/3 only. I >found no buys in the shoe area (yet) but looking hard at FORE & CSCO. FORE >with a stop just below 20 & CSCO just below 73 in the networking group. >That could very well be a Head & Shoulders Top on CSCO though? Anyway some >of this is CANSLIM but most not. > > Take Care! > Bob My surrogate chart for the Comp-LocNetwrk stocks looks half through a correction. It can lie of course, but the MF/OBV and price action appear to be giving off signals that the group needs a bit more consolidation. Shoes & Rel Apparel have my attention though. As you pointed out up 63 spots and with less of a negative move last week than many. -1.3%. Couple this with the prior weeks unchanged and it appears the group is not leading the market down at least. Take a look at SHOO, Steven Madden Limited. Last data I had shows EPS/RS at 93/93. Float 3.9mil. Price action is nice: base, rise, base, rise, base, rise. All the while OBV trending higher, stochastic is spending less time in the oversolf region when it moves there. RS breaking out to new highs! Seems like a classic pattern. Other confirmations in the group? KSWS (poised within 10% of yearly high) MAXS (new highs, increasing volume). Best Regards, Frank Wolynski - - ------------------------------ Date: Sun, 14 Jun 1998 09:53:29 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] DJIA and Trendlines <> I agree, Frank. You can't be all that precise with this stuff, particularly when 50 or 100 points is so little these days. I think a hundred points either side of 8300 is a reasonable target. Keep in mind, though, that the faster we get there, the better, psychologically and technically. With all these supports converging as they are, a quick drop to that level would encourage people to jump in and "buy the dip". Once they separate and go off on their own tangents, it all becomes vague and gray again. I notice the second half of this never got through. I'll resend it. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 14 Jun 1998 09:56:48 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] DJIA - HS&HR This never got through, for some reason. For those who are interested, here it is again for the first time. - --Db ................... Here's the chart again in case it evaporated on you: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/DJIA-WK.gif First HS (horizontal support) comes at the most immediately preceding low of 8719. The only significance of this is that, if it's broken, there will be a likelihood of a descending trend rather than a sideways consolidation (as long as the previous low and high remain intact, you're going sideways). Next come the Fibonacci or Gann retracement levels (purple). These are slightly different from each other, but only by fractions of a percentage point. Basically, they represent 38%, 50% and 62% retracements of the high on this particular leg. This is important or not depending on how many people pay attention to it. What matters more about the 50% level is that it generally coincides with the 40w EMA, a price peak set in August '97, and the LTL (lower trendline), the latter assuming that we get there fairly soon. Any one of these alone is not as strong as all three (or four) together. And I say "generally" because the market is based on psychology and sociology, not mathematics or physics, so don't expect all this stuff to line up like the magazines on an obsessive-compulsive's coffee table. Next comes the 8200 area. This was tested twice as resistance (note the dotted portion of the line), but never tested as support. According to the rule of Flip-Flop, though, it should provide support if ever needed. It is also the neckline of what is arguably a reverse head-and-shoulders. We may be grasping at straws, but if this is in fact an H&S, support would be considerably stronger. A little over 100 points below this is the 62% Gann/Fib level. There are also troughs to be tested in the 7400-7500 area, but I wouldn't buy a used-car from them. There's stronger support at 7000-7100, though I'm not looking at that as a real possibilily, much less a probability. But it's there. And there's very long-term support down there. I think it's very unlikely that we're going to get anywhere near 7000 (that whole area between 7600 and 8100 represents huge support--though it seems awfully wide to be a base, that's what it is), but what I "think" (guess) has nothing to do with the investment decisions I make. I don't guess if I can avoid it. I just look at the charts. They reflect not only Jeffry's perspective, but Tom's as well. To focus on Japan, for example, can cloud one's thinking UNLESS events in Japan show up in the chart(s)(more than a few people chose to focus on the Japanese bond market and missed out on the January to April move entirely). To ignore outside influences and focus on the charts exclusively can leave one unprepared for unpleasant consequences (if you keep trying to jump back in and find yourself running tiny loss after tiny loss, perhaps you need to take a walk). The truth is somewhere inbetween. Or it's "out there". Speaking of which . . . - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 14 Jun 1998 10:27:44 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] OTC Support & Trendlines <> I'll put something together after I get through this e-mail dump. I have to wait for Jeff to transfer the file to the CS folder before I can provide a hotlink, but perhaps he can get to it today. Incidentally, about your groups, some of those you show as having strength are beginning to show chinks in the armor. Whether the downturn in relative strength is an anomaly having to do with the activity of the past week, I don't know. I'm no expert on Excel, but perhaps there's something you can do to show group acceleration or deceleration. There is a guy involved with HGS who's developed such a system, but it's based on Telescan groups. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 14 Jun 1998 13:47:43 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] OTC Support & Trendlines At 10:27 6/14/98 -0700, dbphoenix wrote: >Incidentally, about your groups, some of those you show as having >strength are beginning to show chinks in the armor. Whether the >downturn in relative strength is an anomaly having to do with the >activity of the past week, I don't know. I'm no expert on Excel, but >perhaps there's something you can do to show group acceleration or >deceleration. There is a guy involved with HGS who's developed such a >system, but it's based on Telescan groups. > >--Db >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > I'm sure you understand that they are not my groups. IBD's of course. And chinks in the armor is one way to say it for sure! For a day or two last week, I thought I was Heny Penny, "The Sky is falling!" Computer-Internet, Airlines both would have to be considered rebounds from a severely oversold condition. The list I posted is a most % up list for the week, ranked top down and only the top ten posted. I wouldn't read it as one showing strength at all. In fact, it shows how negative the market actually was. Typically, a week in a typical advance would show a 5-7% move by a group that was breaking out to new highs. Not what the current groups are doing, rebounding off a 200day MOV or from being severely oversold. I've found Excel doesn't do what I would like for it to, although I've a bit more to experiment with. Also using a database doesn't quite get me there either. I'm familiar with the Telescan work, and it is good, but feel it lacks a bit. So, I'm kinda stuck with what I've got. Still working on improving it though! Regards, Frank Wolynski - - ------------------------------ Date: Sun, 14 Jun 1998 10:45:50 -0700 From: "Jose O. Perez" Subject: [CANSLIM] Scan Buenos Dias, Wow I've been gone for awhile, my mail box has a few hundred canslim messages. Here is my O'neil scan for June 14 ... (Some recurring names some new) BKE CACOA CGF LADF LAND NRVH SKYW SPF TWMC two others with some extra Oneil add on's (High ROE,ROA): BOSA SHOO Have fun, Jose' - - ------------------------------ Date: Sun, 14 Jun 1998 12:51:55 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Follow through day window and HGS--Jeffry <> I see you've been provided with the internet forum address. All that used to be on AOL. I don't know whether or not they will transfer the archives to web. If not, newcomers are going to have a tough time. I'm giving you a link to a sample copy of Woodward's newsletter (http://www.tscn.com/wsc/The_Woodward_Investment_Newsletter_-_Sample_and_Description.html). This may not be what you want, but if you use this link to get "home", you may be able to track down the info on Woodward's products. Or perhaps there's been some mention of phone numbers, etc., in the forum. Unfortunately, I don't know where. You could just post your own question at the site. Or you could just take the bull by the horns and contact the guy directly. I'm sure he won't turn down your money. He still uses AOL for e-mail (ianforum@aol.com). You may bristle a bit at the idea that he's selling videos, newsletters and workshops, but then so is O'N, along with DG and online services. The HGS forum is free, and Woodward is always available for questions. Wish O'N were available for questions at the IBD site. BTW, are you going to start counting over again on the Nasdaq from 6/9? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 14 Jun 1998 16:12:19 -0400 From: "RICHARD PIET" Subject: Re: [CANSLIM] DJIA - HS&HR Hello to everyone, do not mean to bother anyone, but how do I get off this list? I find this process very touch and go, and it is easier for me to pick up the stock recommendations from companies such as AM STOCK PICKS, RAP STOCK PICKS, MONEY IN YOUR POCKET, FUTURE STOCKS, etc. 97% of all these releases have increased by a minimum of 20 to 450% in the first two days of trading after the stock recommendation letters are released, according to Silicon Investor and Mining.com. With most of these letters offering free 30 to 90 trial memberships, I took advantage of all of them, and lo and behold, it cut down on the research I had been doing and increased my profits in the last three months by $132,000. I have cut my investing work week research down to 30 hours from 90, bought a new boat, and spend the rest of my time out on the water with my wife and kids. It has been a lot of fun trying to get rich with all of you, but I must move on to greener pastures. Sincerely, rick p.s. if any of you would like me to pass on some of these letters or their addresses, I would be very happy to do so. - - ------------------------------ Date: Sun, 14 Jun 1998 22:35:56 +0200 From: Johan Van Houtven Subject: [CANSLIM]Ian Woodward's HGS products DB wrote to Jeffry: >I see you've been provided with the internet forum address. All that >used to be on AOL. I don't know whether or not they will transfer the >archives to web. If not, newcomers are going to have a tough time. That's why I decided to buy all of Ian's WIN (Woodward Investment Newsletter or something like that) back issues. >I'm giving you a link to a sample copy of Woodward's newsletter >(http://www.tscn.com/wsc/The_Woodward_Investment_Newsletter_-_Sample_and_De scription.html). > This may not be what you want, but if you use this link to get >"home", you may be able to track down the info on Woodward's products. If you can find anything more than his video "In Search of Profitable High Growth Stocks" you have found more than I could. I found NO way to subscribe to his newsletter from the website. One would expect them to provide a link to purchase the back isssues or subscribe to the newsletter after you have read this particular back issue, would you not? Alas... > Or perhaps there's been some mention of phone numbers, etc., in the >forum. Unfortunately, I don't know where. You could just post your >own question at the site. I emailed mailto:sales@telescan.com and mailto:eileen.mooney@telescan.com Eileen told me that I could buy a thing since I was not a customer. And sales@telescan.com (replied by Chad Waits ) answered that he would call me if I provided my phone number etc. I did, but have not rec'd a call since my answer on the 9th of June. I can not believe how hard the make it to buy Ian's products. And I clearly stated I wanted all of Ian's products: - - ALL of Ian Woodward's WIN back-issues - - the video "In Search of Profitable High Growth Stocks" - - 1 year subscription to Ian Woodward's WIN newsletter I know my English is not the best, but it can't be that they do not undertstand the words "want", "buy" and "everything", can it? Geez, I should be so lucky to have customers like that! I've send of a new email again today and will wait for a response. If that doesn't help, I'll inform Ian himself and see what happens. >Or you could just take the bull by the horns and contact the guy >directly. I'm sure he won't turn down your money. He still uses AOL >for e-mail (ianforum@aol.com). > >You may bristle a bit at the idea that he's selling videos, >newsletters and workshops, but then so is O'N, along with DG and >online services. The HGS forum is free, and Woodward is always >available for questions. Wish O'N were available for questions at the >IBD site. Seems like Ian's on vacation currently. But he still cheques in once in a while to read the forum at http://nt-chat0.telescan.com:8080/gotomenu Anyone else that has been able to buy Ian's products? Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Sun, 14 Jun 1998 16:42:03 -0400 From: "RICHARD PIET" Subject: Re: [CANSLIM] Mini interview with William J. O'Neil TO TIM FISHER, and friends, KEA is Keane Inc. on the Amex, and yes they are a Y2K product company. Some of the research companies have found the product very touchy. The stock is over priced right now, if you research the figures. I have been doing a lot of research into Y2K products, because I have four computers in the house, between my wife, myself, and my three university student daughters. I do not want a crash on the occasion of the millenium. I bought a product made by a company called Commercial Concepts, Inc. and found out it trades on the Nasdaq with the symbol CMEC. This product called Quick-Fixx looked too good to be true. I loaded it followed the instructions, did a couple of tests and lo and behold, it worked on all four computers. And would you believe it..the price was only $39.95...WOW ..this blew me away..I thought I would have to spend hundreds of dollars to solve this problem. And then I researched the stock. Here is an opportunity ...it trades at only $2.75 to $3.00...compare that to KEA that trades in the $50.00 range. Here is our chance to make a killing on this one. I made a few phone calls and rumour has it that some very big companies are looking at this one, as well as the U.S. government. Can you imagine, if they get an order for a couple million to fill these orders...I can see the stock skyrocketing to the same as KEA. Well, we got off the subject a little bit, but I thought everyone is going to have this Y2K problem, and I solved mine so easily, it was too good to be true. Now I can sleep through New Years Eve 2000.......rick - - ------------------------------ Date: Sun, 14 Jun 1998 22:53:28 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM]Ian Woodward's HGS products I wrote: >Eileen told me that I could buy a thing since I was not a customer. Should have been: Eileen told me that I couldn'y buy a thing since I was not a customer. And: >And sales@telescan.com (replied by Chad Waits ) >answered that he would call me if I provided my phone number etc. I did, >but have not rec'd a call since my answer on the 9th of June. Should have been: The email I send to sales@telescan.com was answered by Chad Waits . He wrote that he would call me. I email him my phone number at work and at home. I also explained the time difference (Belgium <> USA). Since my email to him (dated: 06/06/98) I have not heard from Mr. Waits. >I can not believe how hard the make it to buy Ian's products. Mmmm.. maybe I should reread my posts before I mail them. ;^) I can not believe how hard they make it to buy Ian's products. >I know my English is not the best, And I have proven it now, I guess. B^) >Seems like Ian's on vacation currently. But he still cheques in once in a ... cheques should be: checks >Anyone else that has been able to buy Ian's products? Anyone selling some good syntax and spelling books? ;^) Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Sun, 14 Jun 1998 13:59:16 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] Disguised AD What, advertisers on the list now! Gimme a break! At 04:12 PM 6/14/98 -0400, you wrote: >Hello to everyone, > do not mean to bother anyone, but how do I get >off this list? >I find this process very touch and go, and it is easier for me to pick up >the stock recommendations from companies such as AM STOCK PICKS, RAP STOCK >PICKS, >MONEY IN YOUR POCKET, FUTURE STOCKS, etc. 97% of all these releases have >increased by a minimum of 20 to 450% in the first two days of trading after blah blah Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sun, 14 Jun 1998 17:00:18 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Group Strength >> Fridays is a great paper to see at least the prior 4 days of movement from its previous ranking. Since it is reset the next day, you lose that ability after that and start all over with the current week. << Thanks Frank. Bob - - ------------------------------ Date: Sun, 14 Jun 1998 17:00:19 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Group Strength >> Take a look at SHOO, Steven Madden Limited. << I have thanks. It's on my watch list. The retailers are going great guns that's for sure. Maybe I'll stick to the top 10 for new buys instead of looking for what's up & coming. Bob - - ------------------------------ Date: Sun, 14 Jun 1998 14:08:19 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM]Ian Woodward's HGS products--Johan <> You're right, Johan. I forgot. And "Eileen" doesn't know what she's talking about (I don't think Woodward would be pleased). Of COURSE non-Telescan customers can buy his products. They don't have a lock on him. I'm not real clear on the relationship between Woodward and Telescan. I assume he's an associate rather than an employee. But all this stuff is his, not Telescan's. I assume he uses Telescan because, at the time, WOWS wasn't around and Telescan was the only game in town for fundie screening. Now, of course, there are all sorts of places to do fundie screening, but all these people are Telescan users and a body which is at rest, etc., etc. You will also find that the website is practically a ghost town compared to the traffic the AOL site did. This may be due to AOLers having so much more trouble navigating the web than everyone else. But having a web address also cuts down the "chat" aspect of the forum. In any case, I transferred a lot of the old stuff to a Word file when I first became aware of HGS. If you're interested, I'll send it to you. It's a big file, though. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 14 Jun 1998 17:16:29 -0400 From: Craig Griffin Subject: Re: [CANSLIM] Disguised AD Tim, I sent an email to Jeff to take this yo-yo off the list. Until he reads it, I guess we will have to put up with his spam. This should serve as a warning that the individual posting to the Canslim list with the name of "RICHARD PIET" appears to a hypster who is simply here to separate members from their money. He is making ridiculous and outlandish claims and mentioning stocks below $5 a share (which we all know to be in the trash heap of public companies). I would be extremely cautious about any stock or service that he recommends. Craig - - ------------------------------ Date: Sun, 14 Jun 1998 17:15:44 -0400 From: "RICHARD PIET" Subject: Re: [CANSLIM] Disguised AD To Tim Fisher and Friends, I am not an advertiser. My name is Rick Piet. I own Hooters Bars & Grills Canada Inc., New York Offshore Gaming Inc., and 65 % of the North American Football League, which is negotiating with the newly formed league, that you have all been reading about in the past three months. I do not advertise any product by my restaurant chain, if you are in Canada. You asked a question about KEA, which I had researched quite a bit, and I thought I would let you in on my experiences with Y2K products. If you know how I might get involved and make money from such products, let me know. My children could always use a few extra dollars in their trust funds. I found Quick-Fixx a fairly priced product and CMEC a great undervalued company, and although I have not bought any of their stocks, I will be looking into doing just that on Monday morning. Did my letter to you sound like an advertisement for the product. If it did, I do not apologize. I feel I did everyone a favor, and saved them some money, because we will all need to face this problem, and the sooner the better. As far as Canslim...I have changed my mind, after I received 32 emails detailing some of the possibilities to make some decent returns on investment with your system. I want to stay in touch with most of the very helpful members that you have. Finally, as Wendy wrote me a few minutes ago, we are all here to help each other increase the value of our portfolios, and if I can pass on opportunities such as Quick-Fixx, or Commercial Concepts, and she can pass on the benefits of buying her uncle's company ABRG, so be it. If this information helps even a few us to save a crash in the year 2000, to save hundreds of dollars in solving this problem, or to make an extra couple of thousand dollars, by investing in some of this stock research, I am sure we will all be thankful to people like Wendy, Robert, Frank, Debbie, Tom and the countless others at Canslim that seem to come across as having a generous attitude and heart. Sincerely,....richard piet.. - - ------------------------------ Date: Sun, 14 Jun 1998 17:44:57 -0400 From: "RICHARD PIET" Subject: Re: [CANSLIM] Group Strength Robert, just to pass on a note, CNBC and Bus News Radio both feel Computer Software Internet will stay at that position for the next little while. On another matter, does anyone know how many members are in Canslim?..thanks rick - - ------------------------------ Date: Sun, 14 Jun 1998 18:57:09 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Counting, Db > BTW, are you going to start counting over again on the Nasdaq from 6/9? > > --Db Nope, counting from Friday's low, June 12. Why should I count from 6/9 (typo maybe)? Follow through window opens on 6/17, by my read. BTW, thanks for the Woodward stuff. Jeffry - - ------------------------------ Date: Sun, 14 Jun 1998 18:59:28 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Group Strength >> just to pass on a note, CNBC and Bus News Radio both feel Computer Software Internet will stay at that position for the next little while. On another matter, does anyone know how many members are in Canslim?..thanks rick << I'm not sure but I thought 800 was a number I saw somewhere for the membership of the list. A bunch of stocks in the Computer Software Internet are over sold on a weekly basis. I'm waiting for the daily to confirm. I'm going to buy one of them soon. Bob - - ------------------------------ Date: Sun, 14 Jun 1998 17:01:50 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Counting, Db--Jeffry <> 6/9 seems to be the first rally attempt on the Naz and NYSE in terms of point gain and volume, assuming I have the volume figures right, though not for the Dow. Are you referring to the Dow? (And are we sure any of this matters?) - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 14 Jun 1998 21:46:01 EDT From: Subject: Re: [CANSLIM] ABAG: TA & CS [Connie] Connie, Thanks for taking the time to do your analysis.As for my spirits,they are fine. I have been a CANSLIMer for two years and have done pretty well, thanks in part to people like you and Tom. Unfortunatley I dont post very often, but this may change.A move below 17 1/4 and I am long gone out of this one, as I undertand the importance of keeping losses very small. I am not a bad chart reader but not as well schooled on some of the TA you use. Hopefully we will talk again and thanks again for your considreation. God Bless. Chris. - - ------------------------------ Date: Sun, 14 Jun 1998 21:42:31 -0400 From: "RICHARD PIET" Subject: Re: [CANSLIM] Disguised AD - - ------------------------------ Date: Sun, 14 Jun 1998 20:49:01 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: DJIA Db, Thanks for your detailed chart reading. Appreciated. Mary Keener - - ------------------------------ Date: Sun, 14 Jun 1998 21:53:32 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] ABAG: TA & CS [Connie] You're welcome, Chris. Write anytime. Connie Mack CA011667@aol.com wrote: > Connie, > Thanks for taking the time to do your analysis.As for my spirits,they are > fine. I have been a CANSLIMer for two years and have done pretty well, thanks > in part to people like you and Tom. Unfortunatley I dont post very often, but > this may change.A move below 17 1/4 and I am long gone out of this one, as I > undertand the importance of keeping losses very small. I am not a bad chart > reader but not as well schooled on some of the TA you use. Hopefully we will > talk again and thanks again for your considreation. God Bless. Chris. > > - - - ------------------------------ Date: Sun, 14 Jun 1998 18:58:34 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Re: DJIA <> No prob, Mary. Having that site is a real plus. I hope more people take advantage of it. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 14 Jun 1998 22:28:00 -0400 From: Chris Reid Subject: [CANSLIM] Message From Richard Piet Richard Asked Me To Forward This To the group - -----Original Message----- From: RICHARD PIET To: Tim Fisher Date: Sunday, June 14, 1998 8:36 PM Subject: Re: [CANSLIM] Disguised AD >Sorry Tim, you misread the article. I did not refer to your friends, I >referred to the 32 friends on Canslim that sent replies directly to my >office at Hooters. You Canslim people are great. In case you are ever in >Canada..email me at hooters@lon.ionline.net and I would like to treat you to >dinner and drinks, and that goes for any of the Canslim members. Money does >not mean that much to me, people do. It is a shame you misread people and >their intentions so quickly, you will find, the longer you are on this >spinning top, the more you learn to appreciate the way people respond to a >common cause.. and I think Canslim is a great association. And please do >not misread this as advertising my restaurant chain..we do not need to >advertise it here..just trying to be hospitable to some of our members from >south of the border.....rick.. - - ------------------------------ Date: Sun, 14 Jun 1998 21:44:58 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: Intro Walter Scott Hello Walter, Welcome, welcome. Looking forward to your input. Regards, Mary Keener - - ------------------------------ Date: Sun, 14 Jun 1998 21:02:20 -0600 From: "Kent Horne" Subject: Re: [CANSLIM] Disguised AD Rick, your message this evening was a well crafted "disguised" ad. Loved the "camo", looks appropriate for a Canadian Winter. kent - -----Original Message----- From: RICHARD PIET To: Tim Fisher Cc: canslim@mail.xmission.com Date: Sunday, June 14, 1998 7:48 PM Subject: Re: [CANSLIM] Disguised AD > > > > >- - - ------------------------------ Date: Sun, 14 Jun 1998 23:33:47 -0400 From: "Tom Worley" Subject: Fw: JOSB (was [CANSLIM] Any opinion?_ Reposting this as the original bounced back due bad address. Tom W - -----Original Message----- From: Tom Worley To: canslim@lists Date: Sunday, June 14, 1998 11:14 PM Subject: Re: JOSB (was [CANSLIM] Any opinion?_ >Both the chart and the CS elements look quite good. Major problem you >likely face is that the stock is under $12 (but there is already 19% >funds ownership, which is more that I normally like, guess some funds >still like cheap stocks). Management only owns 12%, pretty lite for a >small cap stock. And it's not in the top 5 of its group, but then the >group has an GRS of 98, so pretty difficult to be in the top 5. > >Tom W > >-----Original Message----- >From: Chao, Chih Yu >To: 'CANSLIM' >Date: Sunday, June 14, 1998 2:54 AM >Subject: [CANSLIM] Any opinion? > > >>Hi, Good day, >> With some gut feeling that the retail stocks are going to stand out >>for the remaining year, I just bought JOSB. Any opinion? (so I can >>get out before it's too late. ;-) >> > > - - ------------------------------ Date: Sun, 14 Jun 1998 23:38:03 EDT From: Subject: [CANSLIM] William J. O'Neil talks stocks Here is a link to get the information: http://cbs.marketwatch.com/news/current/soapbox.htx?source=htx/http2_mw Have a wonderful trading week. I note a lot of Asian markets are down as of now. Where is Tom who always updates us with this kind of information? Surindra - - ------------------------------ Date: Sun, 14 Jun 1998 23:40:38 EDT From: Subject: Re: [CANSLIM] Mini interview with William J. O'Neil Sorry, I did not read your message prior to my posting. Surindra - - ------------------------------ Date: Sun, 14 Jun 1998 21:49:39 -0600 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] The "hooters" spammer is gone... Everyone, I've been out of town since Friday afternoon. Returned this evening to find 180 messages in my mail box. I quickly noticed two of them from a couple of our canslim group notifying me about a spammer in our midst. The address "hooters@lon.ionline.net" has been removed and some filters put in place which will block him if he returns. Best Regards, Jeff - - ------------------------------ Date: Fri, 12 Jun 1998 21:52:47 -0500 From: Dave Cameron Subject: Re: [CANSLIM] Reading the market by charts and by the number of CS posts. [Connie] Connie, I like the thought process... but the Dow is almost completely irrelevant to me. I own NO stocks that are even 1/4 the size of Dow stocks. For that matter, most (if not all) CANSLIM stocks can not be in the Dow by definition. Several posters have included the NASDAQ - which includes a lot more stocks, and potentially several CANSLIM stocks. Could you find it in your heart to repeat your analysis either on the NASDAQ or the RUT. I, and I hope others, would find it useful. I suppose I could "try" to follow your Dow analysis, but to be quite honest, I never look at the Dow. Dave Cameron Connie Mack Rea wrote: > > Members-- > > Unless my mail is not being delivered, members have made no posts in the > last hour or so [It's now 9:30]. Do not lose your spirit just yet. > > Get our your chart pencils and let's see if all is lost. Originate a > trendline at the 9211 top in May and extend it across the tops on out > through Thursday. This is your upper resistance. For the correction > short term, you must expect a close above this line with significant > volume [check Volume+, Volume Accumulation, and OBV]. > > Originate a trendline at the low of 8444 in early March and run it up to > 8898 low at the end of April and extend it. This trendline also touches > nicely the 8976 low in the first of May. You can see that this is the > first breach of a two and a half month trend. > > At this point you must redraw the line; make a new trendline through the > 8803 at the first of June. You can see that yesterday's close was near > enough to say that the Dow held on the trendline. > > What should you expect today? A momentary drop would be acceptable, > but today's close must stay above the lower trendline. The triangle > formed by the upper and lower trendlines is the "safety" zone; i.e., a > fall below the trendline implies further weakness and a reordering of > the previous trendline. > > If the lower line is broken, then you would have to search elsewhere for > support. The first support would be 8702 in the middle of March; the > next would be 8602, still in March; and finally 8444 at the first of > March. At this point you would have a fairly uniform inverted > saucer--if the saucer were to be completed in the last third of July; > this would be a forward extraploation. A completion of the saucer at > this distant point would imply that the correction was fairly uniform > both in time and price. > > If you dropped a vertical trendline from the high in May of 9211 and > then measured the time back to 8444 and forward the same time, the > market would again be at 8444. This uniform correction would be ideal, > and the base would be the long, angular, and slow correction to the > point in late July. > > [You would, however, have suffered the loss of several hundred points. > This kind of loss has to be suffered for investors who invest and sit. > It is wildly unnverving if you've no intent to exit and later enter. > And then you must recoup back to the point of correction just to get > even. > > You can infer why a recovery is often so slow and drawn out: Those who > have lost so much have different degrees of stickiness; as different > recovery prices are reached a few more are shaken loose. And the > greatest source of new buyers are those that got out at a higher price. > Obvious lows--those mentioned above--are prime areas where the > shaking-out and buying-in is most exaggerated and why there is often a > flat period in which buyers and sellers is adjusted and re-adjusted.] > > All bases do not run parallel or near parallel to the bottom of the > chart. In the above instance, the base is that long, slow two month > period measured laterally from the vertical trendline at 9211 out to > late July. When there is such an angular basing, you might expect that > when the Dow returns to 8444, it may spend only a short time "flat" > basing. A modified flat-bottom "V" might appear or a double bottom of > between 5-10 days between the bottom points of the "W." > > I arbitrarily chose 8444 as my point to measure the where an equivalent > uniform and angular measure would project into he future [late July]. > > If you wish, you may do this. Choose any of the lows that I mentioned > above and use them as your reference point to extrapolate into the > future. An easy way to make several measurements is to take a compass > and draw arcs through any low to the left of the vertical trendline at > 9211. Where the arc cuts through the same price to the right of the > vertical trendline would be the point where a uniform correction in both > time and price occurred. Remember that you are dealing only with macro > estimates. > > If you are interested in Fibonacci charting, this would be a good time > to work up a chart. What you may find is that frequently Fibonacci > charting is reasonably similar to the arcs that are originated on lows > rather than Fibonacci numbers. > > Connie Mack > - - ------------------------------ End of canslim-digest V2 #282 ***************************** 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.