From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #297 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 Tuesday, June 23 1998 Volume 02 : Number 297 In this issue: Re: [CANSLIM] Complelety off topic: How to get rid of this hooters? RE: [CANSLIM] OBV/MF [Connie] [CANSLIM] Re: GRS [CANSLIM] Re: Brief Discussion on MACD (Connie) [CANSLIM] Re: Canslim Digest V2 #294 [CANSLIM] THRX--Newbies [CANSLIM] Oh my!! [CANSLIM] A Ray of Sunshine? [CANSLIM] A Ray of Sunshine? Re: [CANSLIM] A Ray of Sunshine? RE: [CANSLIM] A Ray of Sunshine? Re: [CANSLIM] A Ray of Sunshine? Re: [CANSLIM] The sun is exploding? (was: A Ray of Sunshine?) Re: [CANSLIM] OBV/MF [Connie] Re: [CANSLIM] OBV/MF [Connie] [CANSLIM] W's and MA's Re: [CANSLIM] Complelety off topic: How to get rid of this hooters? Re: [CANSLIM] W's and MA's [CANSLIM] Follow-through day Re: [CANSLIM] OBV/MF [Connie] Re: [CANSLIM] Follow-through day Re: [CANSLIM] Follow-through day Re: [CANSLIM] Follow-through day Re: [CANSLIM] Follow-through day Re: [CANSLIM] Follow-through day Re: [CANSLIM] Follow-through day Re: [CANSLIM] Strong groups. Re: [CANSLIM] OBV/MF [Connie] [CANSLIM] Re:My Boy, DB [Connie] Re: [CANSLIM] Follow-through day [CANSLIM] W's and MA's [CANSLIM] CANSLIM] Groups:Comp Software and Comp Services Re: [CANSLIM] Re:My Boy, DB [Connie] Re: [CANSLIM] Re:My Boy, DB [Connie] Re: [CANSLIM] W's and MA's Re: [CANSLIM] W's and MA's Re: [CANSLIM] CANSLIM] Groups:Comp Software and Comp Services Re: [CANSLIM] W's and MA's ---------------------------------------------------------------------- Date: Tue, 23 Jun 1998 11:37:11 EDT From: Subject: Re: [CANSLIM] Complelety off topic: How to get rid of this hooters? Yes, this is off topic. But since most of us use the internet and have on-line brokerage accounts the following info might be useful. You can get a spam-blocking program to block this fellow. He's apparently unsophisticated, so it might work. Visit DaveCentral.com or everythinge- mail.net. Here you can get spam-blocking software. You can also get bulk e- mail programs that will defeat spam-blocking software. You can get software robots that troll the net looking for e-mail addresses. (Warning: you will get a spam trying to sell you bulk e-mail lists.) Spammers don't have to get on the list in order to obtain the list. There is a command that can be issued that will make the list software disgorge the entire list. Internet privacy issues have concerned me lately. Consider cookies. I have my browser set up to warn me about cookies. Some sites will try to place thirty or more cookies on your computer. I reject them, but what is the implication? If cookies can be placed on your computer and the read later when you return to the site, then anything else on your computer can be read. Are your account number and password for your on-line brokerage on your computer? A web-site operator can tell what ISP you are using, what browser software you have, your e-mail address (in some cases, not always), and a lot of other technical stuff you aren't even aware of. Visit http://www.consumer- info.org/Analyze/index.asp. This can be unsettling. Ever notice how when you look up something on Yahoo! that banner ads relating to what your subject is appear? Did you ever wonder why spam relating to this subject soon appears in your e-mail? No, they don't actually need your e-mail address to send this stuff to you. (All they need is autoresponder software.) And spam can be made untraceable. Here's a header for one I recently received: Received: from The.sender.of.this.untracable.email.used.MAILGOD.by.InfoAge.Marketing.Internat ional.The.sender.of.this.untracable.email.used.MAILGOD.by.IMI.The.sender.of.th is.untracable.email.used.MAILGOD.by.IMI. See also: http://consumer.net/tracert2/ http://www.cyberpromo.org/bulkemail.htm http://www.dis.org/erehwon/anonymity.html http://www.consumer-info.org/linksinetpriv.asp http://rbaworld.com/Security/Computers/Cookies/cookfaq.shtml http://mit.edu. (Look up Pretty Good Privacy (PGP) software) This makes Vice President Algore furious. Douglas Herman - - ------------------------------ Date: Tue, 23 Jun 1998 13:00:31 -0400 From: "Chris Peek" Subject: RE: [CANSLIM] OBV/MF [Connie] Connie, Just so I can better understand your trading style, how long would you hold something like EQU - strictly for a day or two, or let it keep rising until some of your TA indicators start to tell you to sell? Thanks, Chris Peek > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Connie Mack Rea > Sent: Tuesday, June 23, 1998 9:55 AM > To: canslim > Subject: [CANSLIM] OBV/MF [Connie] > > > Members-- > > These stocks met OBV/MF scan criteria: > > EQU FFGI OLOG MVSN > > Only EQU and FFGI are in entry position. > > I have purchased EQU and FFGI this morning. > > Connie Mack > > > - > > - - ------------------------------ Date: Tue, 23 Jun 1998 12:04:31 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: GRS Johan Van Houtven, Thanks for the information. I just didn't associate GRS with group relative strength, which I understand. I just have to learn these abbreviations. They drive me crazy, at times. Regards, Mary - - ------------------------------ Date: Tue, 23 Jun 1998 12:07:26 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: Brief Discussion on MACD (Connie) Hi Connie, Thanks for the link. I've bookmarked the site. Regards, Mary - - ------------------------------ Date: Tue, 23 Jun 1998 12:10:09 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: Canslim Digest V2 #294 Tom, Sorry for your trouble here. For some reason, I just didn't equate GRS with Group Relative Strength. Thank you. Regards, Mary - - ------------------------------ Date: Tue, 23 Jun 1998 10:15:05 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] THRX--Newbies Those of you who have been following this stock since I put up the charts on it may be wondering just what is going on. At the time Tim mentioned it, I said that it had strong support at 25 but that it needed to at least move up above its 50d and stay there for two days minimum. Yesterday it not only broke through 25 but its 200d as well on very heavy volume. Today it's back up above its 200d and 25, also on heavy volume. Since I don't know of any news since last Friday, it looks like this is what's called a shakeout. It's impossible to know except in hindsight. There may also be a short-covering element to today's trading. That will be more clear tomorrow and in the next few days. The point of this phenomenon is to shake stock out of weak hands in preparation for a drive upward. Anticipating the move and playing it as such can be extremely risky, and is not a CANSLIM thing to do. For one thing, it may not be a shakeout at all and the stock may be in big trouble. But given the level of support here, the suddenness and sharpness of the drop, and the fact that it lasted for only one day (apparently), this does seem to be what we're looking at in this case. None of this, of course, has anything to do with buying or selling the stock. It's an exercise, as were the charts I put together on it last week. THRX still needs to move above its 50d and stay there, it still needs to get through 27.50 and then 30 (where you'll find resistance as well as the 50% retracement level at or above which a constructive handle would form, if it forms at all). If, on the other hand, the stock resumes its decline and it turns out that this was not a shakeout at all, THRX will likely be out of the game for some time. Anyone holding this stock should have a stop at the 200d. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 13:32:56 -0400 From: Jeffry White Subject: [CANSLIM] Oh my!! > DB-- > > You really are an ass hole. > > Connie Oh my!! Jeffry - - ------------------------------ Date: Tue, 23 Jun 1998 10:30:25 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] A Ray of Sunshine? It may be worth noting that the Naz closed above the middle of its W on Friday and seems to be holding onto those gains very nicely today. Unfortunately, all the other indices are still rattling around in the second leg of their Ws, so the Naz may be leading the pack or getting ready to try the bottom again. If not, there's no real resistance until the right shoulder (it went through its 50d EMA Friday and its 50d SMA today). Just something to think about with regard to follow-through days (and the possibility that support may now be at 1800). - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 14:53:13 -0400 From: Jeffry White Subject: [CANSLIM] A Ray of Sunshine? > Just something to think about with regard to > follow-through days (and the possibility that support may now be at > 1800). > > --Db > Why "think" when, barring a catasrophic close, we are about to follow through off the 6/15 low in the Nasdaq? JWW - - ------------------------------ Date: Tue, 23 Jun 1998 20:59:47 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] A Ray of Sunshine? DB wrote: >It may be worth noting that the Naz closed above the middle of its W >on Friday On my chart (QPv2 !COMP) is closed above the middle leg of the W yesterday, Monday 06/22. >and seems to be holding onto those gains very nicely today. Indeed. Vol now is almost yesterdays vol, and we are one hour before the close. Looks of good looking breakouts. Also CSCO, MSFT and DELL looking good. And these 3 are important, no matter what the current leaders are. Breath is good. >Unfortunately, all the other indices are still rattling around in the >second leg of their Ws, so the Naz may be leading the pack or getting >ready to try the bottom again. We'll know that in a couple of days. :) >If not, there's no real resistance >until the right shoulder (it went through its 50d EMA Friday and its >50d SMA today). Just something to think about with regard to >follow-through days (and the possibility that support may now be at >1800). I bit the bullet today and went to 20 and now 30% invested. But I'm watching my babies like a hawk and I'll have a quite trigger finger if it becuase necessary. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Tue, 23 Jun 1998 12:10:29 -0700 From: Brian Nash Subject: RE: [CANSLIM] A Ray of Sunshine? Yep, followthough on day 5. Some REXI (97/98/A/C) for me at the close today, perhaps. > -----Original Message----- > From: Johan Van Houtven [SMTP:Johan.VanHoutven@ping.be] > Sent: Tuesday, June 23, 1998 3:00 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] A Ray of Sunshine? > > DB wrote: > > > >It may be worth noting that the Naz closed above the middle of its W > >on Friday > > On my chart (QPv2 !COMP) is closed above the middle leg of the W > yesterday, > Monday 06/22. > > >and seems to be holding onto those gains very nicely today. > > Indeed. Vol now is almost yesterdays vol, and we are one hour before the > close. > > Looks of good looking breakouts. Also CSCO, MSFT and DELL looking good. > And > these 3 are important, no matter what the current leaders are. > > Breath is good. > > >Unfortunately, all the other indices are still rattling around in the > >second leg of their Ws, so the Naz may be leading the pack or getting > >ready to try the bottom again. > > We'll know that in a couple of days. :) > > >If not, there's no real resistance > >until the right shoulder (it went through its 50d EMA Friday and its > >50d SMA today). Just something to think about with regard to > >follow-through days (and the possibility that support may now be at > >1800). > > I bit the bullet today and went to 20 and now 30% invested. But I'm > watching my babies like a hawk and I'll have a quite trigger finger if it > becuase necessary. > > > > Johan Van Houtven / CLICK! N.V. > > > > > - - - ------------------------------ Date: Tue, 23 Jun 1998 12:13:58 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] A Ray of Sunshine? <> Then substitute "notice" or "take notice of". What I was referring to were the confirmations from the W and the MAs. Since the Nasdaq is alone here, these confirmations are worth noticing, even if you don't think about them. "Follow-through days" have left us high and dry before. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 21:28:06 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] The sun is exploding? (was: A Ray of Sunshine?) Why is it that I always notice my spelling errors etc *after* I post a message?? Anyway: NAS vol already 6% more than yesterday and we still have 40 minutes to go. >On my chart (QPv2 !COMP) is closed above the middle leg of the W yesterday, >Monday 06/22. On my chart ... it closed above the ... >Looks of good looking breakouts. Lots of good .... >I bit the bullet today and went to 20 and now 30% invested. 60%. >But I'm >watching my babies like a hawk and I'll have a quite trigger finger if it >becuase necessary. ... a quick trigger finger if I becomes necessary. OK, my enthousiasm was showing through. I admit it. B^) Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Tue, 23 Jun 1998 15:34:47 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] OBV/MF [Connie] Afternoon Chris-- Because the OBV/MF criteria are set so that a stock must show positive divergence, any stock kicked out is technically strong. In theory the stock is stronger than a stock just tracking OBV/MF, as many CS stocks do. I draw this analogy from physics. When energy is applied to an object, say an electron at rest, the gain in acceleration from a small amount of energy is extraordinarily large. To get further acceleration, you must apply a still greater amount of energy. At the extreme, when the electron approaches the speed of light, almost all the energy is used to gain but very little speed. [Technically, speed and acceleration are not the same.] In other words, you get more bang for your dollar when the stock is motionless or near so. Because I ask for OBV/MF to have positive divergence, rarely does the scan kick out stocks that are already in upward motion. Rather, the scan picks those stocks that have little or no movement (i.e., upward movement). And more often than not, the stocks are in decline. Analogously, the market energy (OBV and MF) required to move these stocks upward is less than the energy to move stocks faster that are already in motion. The faster the motion of the stock, the less chance there is for OBV/MF to be able to achieve positive divergence. Like all analogies, you cannot press them to extreme. Were this otherwise, you would not have an analogy; the things analogized would be identical. Canslim, by its criteria, chooses only those stocks that are already in upward motion. Because the criteria of positive divergence and CS are so counter-critical, only in the occasional instance are criteria met for both systems. When a CS stock does fit OBV/MF, the CS stock is usually in a correction. These opportunities are rare but very profitable. I have not forgotten your questions, Chris. First, the axiom to cut short the loss and let the gain run should always be your strategy. Even day traders are using a version of the axiom. But because the day trader's time period is so spectacularly active and inordinately short, the axiom appears not to apply. A physicist might make the analogy that the day trader is at work in the world of electrons and protons, with a quark thrown in. He works in the micro-world. The Canslimer works in the macro world. Most of us live 99.99% of our life in the macro-world, the world of Newton. We measure things with rulers and have no need for cesium clocks. Our constants are living and loving. In the atomic world, which is 99.99% space, the constants are the speed of light and 1/137. Second, Chris, you need be in no hurry to sell, for OBV/MF criteria have selected a strong stock. What OBV/MF has not done is to give you an entry point. The EMA and the SloSto do that. And throw in the MACD for confirmation. I do let the EMA and SloSto dictate when to enter and to leave. But always look about for a support/resistance line; its presence may invite you to take some latitude with the EMA and SloSto numbers. EQU has acted very well today. About 78,000 shares were flushed on a downtick in the morning; recovery was nice. There is minor resistance at 24. The next resistance is around 25.75; and the 52-wk high is nearby. If there is one word that every trader and investor knows, and fears, it is overhead--that load of stock, if heavy, means that you must empty it to advance. Trading and investing is always about overhead. That is why I mentioned the nearby high of EQU. Theoretically, and remember the word, there ought to be no overhead when a stock breaks out to a new high. But, of course, there is overhead. There are options and derivatives, there are all those stock options and warrants held by the officers and others, and there is an "underground overhead," all those who are willing to sell if the price gets right. Nevertheless, the new high world is a bit different from the new low, and every world in between. Thanks for the mail. Connie Mack Chris Peek wrote: > Connie, > > Just so I can better understand your trading style, how long would you hold > something like EQU - strictly for a day or two, or let it keep rising until > some of your TA indicators start to tell you to sell? > > Thanks, Chris Peek > > > - - ------------------------------ Date: Tue, 23 Jun 1998 13:01:06 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] OBV/MF [Connie] <> It would be more accurate to say that "many" stocks may be technically strong, not "any", implying "all". OBV can show divergence if volume spikes up, negatively or positively, then drops to a low ADV. In these cases, the measurement says nothing about the stock but rather about the way OBV is measured. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 16:16:33 -0400 From: Jeffry White Subject: [CANSLIM] W's and MA's > < through off the 6/15 low in the Nasdaq? > > JWW>> > > Then substitute "notice" or "take notice of". What I was referring to > were the confirmations from the W and the MAs. Since the Nasdaq is > alone here, these confirmations are worth noticing, even if you don't > think about them. "Follow-through days" have left us high and dry > before. > Your follow through day was 6/17, off the failed rally high of 6/9, right? So, I guess my point is I have a little trouble "thinking", "taking notice of", etc. W's and MA's when we follow through off a low 6/15. Never found that to be of much use on the "M"side in the face of a follow through day. The most recent point in the "M" where you might give an example would be the follow through day in Dec. '97, however. I'm all ears. Also, not so sure we didn't follow through on more indices than just the Nas. I'm buying, gradually, until I see the sentiment numbers on Thursday. Also will be looking at the emergence of possible new leadership. Good luck. JWW - - ------------------------------ Date: Tue, 23 Jun 1998 13:11:39 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] Complelety off topic: How to get rid of this hooters? Some providers offer SPAM-free email. (Mine is... contact me at w2vy@xanthus.net if you want more info on this. DON'T HIT REPLY!!) If I wanted to get SPAM they could move my domain to the ONE server they have that allows spam... SPAM is very likely how/why all service providers (not ISP) offer free email... Spam is free too... Privacy is another issue... - -- Thomas A. Moulton, W2VY http://www.xanthus.net/w2vy - - ------------------------------ Date: Tue, 23 Jun 1998 13:33:38 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] W's and MA's <> For me, that's enough. I like to see at least some confirmation since I'm more on the conservative side than the aggressive. <> I didn't say that we hadn't. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 22:58:21 +0200 From: Johan Van Houtven Subject: [CANSLIM] Follow-through day I'm calling this a follow-through day per my interpretation of the Big O's description. The NASDAQ is up more than 1%, even more than 2%, on volume that is 26% higher than yesterday. We started counting on 06/15. Today is day 6. That is within the window of 3 (4) to 9 (12) days. Positives: We broke the down-trendline on the NAZ yesterday (06/22). We closed above the middle leg of the W on the NASDAQ yesterday (06/22). We had a follow-through day today (06/23). Bond futures look OK, so stocks should be OK. Up volume has been increasing and down volume decreasing during the last couple of weeks. Possible negatives: 10 day MA new low on the NAZ is at a recent high (as of yesterday). Were were those bearish sentiment numbers that normally help define a bottom? Advance/decline line on NAZ MIGHT be bottoming. But who knows? What are the clear leading groups (besides the Retail and Internet sector)? My conclusion: We are not completely out of the woods yet. But when we will be, it will also be a little late to get into the leaders I think. One has to weigh the risks versus the rewards when one gets in at this moment. And everyone must make that decision based on their own criteria. All comments and constructive critique welcome. I'm here to learn. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Tue, 23 Jun 98 17:04:11 PDT From: "Walter Stock" Subject: Re: [CANSLIM] OBV/MF [Connie] Connie, Thank you for sharing your scan results this morning. Ran EQU through Triple Screen today (MACD-Histo with Slosto version). It gave a very strong buy signal yesterday at 1:30 pm. As you had noted, used in this way the screen can be "fireball fast". Happy trading, Walter Stock (yes, that really is my last name) Oakville, ONT - Canada - ---------- > Members-- > > These stocks met OBV/MF scan criteria: > > EQU FFGI OLOG MVSN > > Only EQU and FFGI are in entry position. > > I have purchased EQU and FFGI this morning. > > Connie Mack > > > - > > - - ------------------------------ Date: Tue, 23 Jun 1998 14:07:59 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Follow-through day <> There are a number of stocks in Computer Services that have made 50% retracements and are in the position of forming handles, though with enough strength they may just skip that phase and eat through the overhead supply in a "stairstep" pattern. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 14:16:21 -0700 (PDT) From: Anindo Majumdar Subject: Re: [CANSLIM] Follow-through day which are the computer services stocks you are looking at ? Anindo > > < sector)?>> > > There are a number of stocks in Computer Services that have made 50% > retracements and are in the position of forming handles, though with > enough strength they may just skip that phase and eat through the > overhead supply in a "stairstep" pattern. > > --Db > > > > > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > - > > - - ------------------------------ Date: Tue, 23 Jun 98 17:13:00 PDT From: "Walter Stock" Subject: Re: [CANSLIM] Follow-through day > I'm calling this a follow-through day per my interpretation of the Big = O's > description. Note to Johan regarding English slang: "The Big O" usually means the "Big Orgasm" ... Now Johan, I understand that O'Neil is impressive, but I didn't know he meant that much to you !! Thanks for the smile, Walter Stock Oakville-ONT, Canada - - ------------------------------ Date: Tue, 23 Jun 1998 14:27:14 -0700 (PDT) From: Anindo Majumdar Subject: Re: [CANSLIM] Follow-through day I think the semis might have hit bottom. I am referring to ALTR, XLNX, RMBS, etc. Anindo > > I'm calling this a follow-through day per my interpretation of the Big O's > description. > > The NASDAQ is up more than 1%, even more than 2%, on volume that is 26% > higher than yesterday. > > We started counting on 06/15. Today is day 6. That is within the window of > 3 (4) to 9 (12) days. > > Positives: > > We broke the down-trendline on the NAZ yesterday (06/22). > > We closed above the middle leg of the W on the NASDAQ yesterday (06/22). > > We had a follow-through day today (06/23). > > Bond futures look OK, so stocks should be OK. > > Up volume has been increasing and down volume decreasing during the last > couple of weeks. > > Possible negatives: > > 10 day MA new low on the NAZ is at a recent high (as of yesterday). > > Were were those bearish sentiment numbers that normally help define a bottom? > > Advance/decline line on NAZ MIGHT be bottoming. But who knows? > > What are the clear leading groups (besides the Retail and Internet sector)? > > > My conclusion: > > We are not completely out of the woods yet. But when we will be, it will > also be a little late to get into the leaders I think. One has to weigh the > risks versus the rewards when one gets in at this moment. And everyone must > make that decision based on their own criteria. > > All comments and constructive critique welcome. I'm here to learn. > > > > Johan Van Houtven / CLICK! N.V. > > > > > - > > - - ------------------------------ Date: Tue, 23 Jun 1998 14:31:45 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Follow-through day <> Forgive me if I sound like I'm putting you off, but the reason why I go into stuff like charting and fundamental analysis and following groups is so that others can find, evaluate, and determine buy and sell points for their own stocks. For me to supply a list doesn't accomplish much, particularly since it can become old news very quickly. I'll be happy to supply you with the list of stocks which are included in Computer Services and explain how to go about finding the most attractive stocks in the group. Just let me know. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 14:28:52 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Follow-through day <> Walter, There's a chain of tire stores in the Southwest (and perhaps elsewhere) called "Big O Tires" that would enjoy knowing this. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 23:41:40 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Strong groups. DB wrote: ><sector)?>> > >There are a number of stocks in Computer Services that have made 50% >retracements and are in the position of forming handles, though with >enough strength they may just skip that phase and eat through the >overhead supply in a "stairstep" pattern. > >--Db Thx DB, I'll be looking at those charts tonight. I also noticed quite a lot of good looking charts in the computer software group. IONAY, LHSPF, AGS, ASDV, DDDDF, NEON, PRGS, TMBS, to name a few. Alomost forgot the one I bought: MSFT. :) Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Tue, 23 Jun 1998 17:43:39 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] OBV/MF [Connie] You're welcome, Walter. Think you will like EQU. It acted well today. Don't neglect stops. Thanks for the mail. Walter Stock wrote: > Connie, > > Thank you for sharing your scan results this morning. > > Ran EQU through Triple Screen today (MACD-Histo with > Slosto version). It gave a very strong buy signal yesterday > at 1:30 pm. As you had noted, used in this way the > screen can be "fireball fast". > > Happy trading, > > Walter Stock (yes, that really is my last name) > Oakville, ONT - Canada > > ---------- > > Members-- > > > > These stocks met OBV/MF scan criteria: > > > > EQU FFGI OLOG MVSN > > > > Only EQU and FFGI are in entry position. > > > > I have purchased EQU and FFGI this morning. > > > > Connie Mack > > > > > > - > > > > > > - - - ------------------------------ Date: Tue, 23 Jun 1998 17:45:22 -0400 From: Connie Mack Rea Subject: [CANSLIM] Re:My Boy, DB [Connie] DB-- I know the aetiology of ass holes. The causes for the condition are four: [1] shortness, [2] ectomorphism, [3] baldness, and [4] impotence. None is, however, fatal, except under the female circumstance. For shortness, there are elevator shoes. For ectomorphism there are free weights and steroids. For baldness, there is Minoxidil. For impotence, there is Viagra. However, women don't like men who are short, ectomorphic, bald, and impotent. You do like women, don't you, DB? Connie Mack dbphoenix wrote: > < divergence, any stock kicked out is technically strong. In theory the > stock is > stronger than a stock just tracking OBV/MF, as many CS stocks do.>> > > It would be more accurate to say that "many" stocks may be technically > strong, not "any", implying "all". OBV can show divergence if volume > spikes up, negatively or positively, then drops to a low ADV. In > these cases, the measurement says nothing about the stock but rather > about the way OBV is measured. > > --Db > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Tue, 23 Jun 98 17:52:52 PDT From: "Walter Stock" Subject: Re: [CANSLIM] Follow-through day > < the "Big Orgasm" ...>> > > Walter, > > There's a chain of tire stores in the Southwest (and perhaps > elsewhere) called "Big O Tires" that would enjoy knowing this. > > --Db Db, In Canada, "the Big O" means one thing, and it's not sold in stores (at least not ones with signs out front). Walter - - ------------------------------ Date: Tue, 23 Jun 1998 17:55:12 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] W's and MA's > Subject: > Re: [CANSLIM] W's and MA's > Date: > Tue, 23 Jun 98 13:33:38 -0500 > From: > dbphoenix > Reply-To: > canslim@TJOSLIN.COM > Organization: > THERIAULT & JOSLIN > To: > canslim@lists.xmission.com > > > < give an example would be the follow through day in Dec. '97, however.>> > > For me, that's enough. I like to see at least some confirmation since > I'm more on the conservative side than the aggressive. > > < the > Nas.>> > > I didn't say that we hadn't. > > --Db > > > > Can you point us toward the specifics of your example in December where the "W's and MA's" gave some indication that the follow through day was not the beginning of an intermediate term move up? Thanks, Db. JWW - - ------------------------------ Date: Wed, 24 Jun 1998 00:09:29 +0200 From: Johan Van Houtven Subject: [CANSLIM] CANSLIM] Groups:Comp Software and Comp Services DB, Looked at the !ID054 and !ID055 indexes. Comp Soft and Comp Serv. respectively. Saw nothing that excited me. Charts might be forming the bottom of a cup. Holding at the 200DMA. BUT once I go look inside those groups I DO find quite a number of good looking charts. (emailed you the list.) Please clue me in. How could I have known? I'd guess that I would have to create my own groups? Maybe this way: take the groups above, delete all stocks with weak charts and weak fundies. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Tue, 23 Jun 1998 15:30:09 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Re:My Boy, DB [Connie] <> Why do you find it necessary to be abusive? I haven't called you names or been abusive in any way. If being questioned or challenged offends you so much, remember that public posts invite public comment. Instead of attacking me, why not address the comments I made on your post? It would be far more productive. By the way, etiology has no "a". - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 18:29:38 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Re:My Boy, DB [Connie] >> I know the aetiology of ass holes. The causes for the condition are four: [1] shortness, [2] ectomorphism, [3] baldness, and [4] impotence. None is, however, fatal, except under the female circumstance. For shortness, there are elevator shoes. For ectomorphism there are free weights and steroids. For baldness, there is Minoxidil. For impotence, there is Viagra. However, women don't like men who are short, ectomorphic, bald, and impotent. << I find your comments offensive & inappropriate & more suited to a Yahoo type of site. Walking away shaking my head Bob - - ------------------------------ Date: Tue, 23 Jun 1998 15:38:02 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] W's and MA's <> This is getting a bit confusing. I never referred to December or any previous follow-through days in my posts. The reference to December was yours. If you'd like to give me specific days, I'll look at the chart and see if it might have been any help. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 00:41:56 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] W's and MA's Jeffry wrote to DB: >Can you point us toward the specifics of your example in December where >the "W's and MA's" gave some indication that the follow through day was >not the beginning of an intermediate term move up? > >Thanks, Db. > >JWW I'd like to add a question for DB? Now that I've looked at this more closely. How do we know for sure or with high certainty that 06/09 was the middle of the W? It could happen that today or tomorrow will form a new middle leg of a another W... My reasoning was because the second bottom on the W was lower than the first and because we can near the 200DMA. For Jeffry, Draw a downtrend line from the left high at 1749 (mid Oct '97) to the middle W leg at 1653. Ian Woodward says it is prudent to wait until the downtrend line on the W is broken and to wait until the index rises to the same level as the middle W leg (1653). The 17MA should cross the 50MA to the upside. You would have gotten in around 02/02/98. Take this with a grain of salt. I'm still learning about this stuff myself. Hope DB explains it more clearly and fully. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Tue, 23 Jun 1998 15:37:41 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] CANSLIM] Groups:Comp Software and Comp Services <> I don't know what's available to you in Europe in terms of charting software. I recreate the IBD groups with mine and then create group charts. But you can keep track of group movements by using IBD and Excel as well. More time-consuming, but that may be the best you can do. You may also find it helpful to keep track of price movers, volume movers, new highs, etc. All that is available at bigcharts. After a while you remember what groups what stocks belong in and you can pick up on which groups are attracting attention. In the meantime, it's just a matter of keeping the records and tracking the stocks. I don't know of an easier way (unless you want to spend several hundred dollars on software). It's paying dues, I guess. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 23 Jun 1998 15:59:27 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] W's and MA's <> Well, you can hope, but I may not be able to deliver <> You're absolutely right, which is why you have to look at the forest as well as that one tree that one can become so fond of. We could easily fall into a sawtooth pattern, but remember what I've said in the past about odds. Strength was good all day. Volume was good. The "follow-through" came at the right time according to O'N. The index topped the midpoint of the W it was forming (and the second leg was below the first, which is a big plus). It also broke through its 50d EMA and SMA and its descending trendline. All together, those are very nice odds. HOWEVER, there is no guarantee, particularly since the Naz is the only index to have recovered so far so strongly. There are all sorts of things that could happen in the next few days to spoil this, but as of now the chart is with us, the fundamentals are with us, psychology is with us, world events have been factored in, and the pressure--for now--is upward. As for tomorrow, we'll talk. <> There was also an Investors Corner piece several months ago on W formations. If anyone here is on AOL, they can do a search at the IBD site (the archives aren't available on the web) and give us the date. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ End of canslim-digest V2 #297 ***************************** 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.