From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #299 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 Wednesday, June 24 1998 Volume 02 : Number 299 In this issue: Re: [CANSLIM] W's and MA's Re: [CANSLIM] RE: Dan Sutton's post. [Connie] [CANSLIM] W's and MA's Re: [CANSLIM] Garbage email Re: [CANSLIM] Garbage email Re: [CANSLIM] W's and MA's Re: [CANSLIM] FINL [CANSLIM] Nasdaq reversal [CANSLIM] OBV/MF [Connie] [CANSLIM] OBV/MF Re: [CANSLIM] OBV/MF [Connie] [CANSLIM] Re: FINL Re: [CANSLIM] Re:My Boy, DB [Connie] [CANSLIM] Re: FINL [CANSLIM] ROMC Re: [CANSLIM] Re:My Boy, DB [Connie] [CANSLIM] Dang!! [CANSLIM] Quotes Plus 2 downloading for you today? [CANSLIM] W's and MA's Re: [CANSLIM] Re: FINL [CANSLIM] What about Canslim? [CANSLIM] NON CANSLIM - dangers of trading on news events Re: [CANSLIM] ROMC Re: [CANSLIM] FINL--TA, Connie, Mary, etc. Re: [CANSLIM] W's and MA's Re: [CANSLIM] W's and MA's [CANSLIM] "M" Re: [CANSLIM] "M" [CANSLIM] "M" [CANSLIM] "M" Re: [CANSLIM] "M" [CANSLIM] RE: Quotes Plus 2 downloading for you today? Re: [CANSLIM] What about Canslim? Re: [CANSLIM] W's and MA's [CANSLIM] Buy Signal Re: [CANSLIM] FINL--TA, Connie, Mary, etc. Re: [CANSLIM] FINL--TA, Connie, Mary, etc. Re: [CANSLIM] OBV/MF Re: [CANSLIM] FINL--TA, Connie, Mary, etc. Re: [CANSLIM] What about Canslim? Re: [CANSLIM] "M" Re: [CANSLIM] WSHI--TA, OBV, yada yada--skip if not interested ---------------------------------------------------------------------- Date: Wed, 24 Jun 1998 04:51:10 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] W's and MA's Thanks, Craig! Gotta respond to your excellent post on this thread, which I think puts you in a league with Lord Byron for nonsense-levity. Really in that spirit, not easy to duplicate. And thanks for some suggestions-not picks, which is all they are (gotta take you at your word there, of course).=20 Dan << Anyway ... lets get back to the issue at hand ... which is ... again, I forget... >> - - ------------------------------ Date: Wed, 24 Jun 1998 13:10:07 +0300 From: "David S. Pinhasik" Subject: Re: [CANSLIM] RE: Dan Sutton's post. [Connie] - -----Original Message----- From: Connie Mack Rea To: canslim Subject: [CANSLIM] RE: Dan Sutton's post. [Connie] > >ROMC: Has been in a trading channel for couple of months. If it closes >above 29.87 or 30 and doesn't labor, the trading range would be broken >to the upside and a new move could get underway. The OBV/MF implies the >breakout would hold. Is this still buyable at around 32? I am reading it as just about 10% over the pivot.Without DGO I am finding it hard to determine all the CS elements easily. Does the volume qualify as a valid CS breakout? Any help appreciated! David - - ------------------------------ Date: Wed, 24 Jun 1998 06:23:44 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] W's and MA's > And, Jeffry, despite my plea for restraint, you'll never convince me > you're sorry for what you write. Last I heard, we're all here to learn > and make money. I've been making money for the past several months > (tho I've not had the opportunity to discuss it like I prefer), and > I've not learned as much as I would like with all the bickering. Some > may choose cash during a correction, some may choose to short stocks > they view as overvalued. I happen to find ways to still make money on > the long side. You haven't seen me mocking other investors methodology > during a correction, why mock mine. I'm succeeding, and that's where I > find happiness. > > Tom W Last post on this nonsense, I promise. Your succeeding, we know already. You've been crowing about it for months. Sounds like you want to post even more about your heroics. Need a good stroking, or what? If you view this forum as an opportunity to perpetually spout off about how you can make money on the long side in micro cap stocks, and quote returns out of your IRA, blah, blah, then I will continue to mock you. What else am I to do? You don't play leaders, you don't follow price and volume signals, you depart radically from CANSLIM and then come chastize the group for not talking CANSLIM? My goodness, what hypocrisy (excuse my spelling). Are we supposed to get out a spread sheet and try to prove that our returns are better than yours? As Craig so aptly put it: nah, nah, na, na, nah? Or are we supposed to cow tow to the great stock guru? Pathetic. Good luck, folks, hope we have a sustained run on this follow through. Jeffry - - ------------------------------ Date: Wed, 24 Jun 1998 07:01:08 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Garbage email This may or may not help, Tom. I use Eudora for an E-Mail reader. It has filters that can be custom set. It will filter by name, or keyword in the subject and anything else you can dream up. Helps tremendously! Frank Wolynski At 21:24 6/23/98 -0400, Tom Worley wrote: >Members, > >I'm sitting here tonight, shaking my head, and wondering just how many >other members are also shaking their head, muttering "what a load of >garbage email to wade thru tonight!?" Last I recall, this was never >intended to be an individual "chat" board, rather it was intended to >be a group CANSLIM board. An awful lot of what I read thru tonight >could be better conducted one on one via private email or chat (try >ICQ, works nicely, you can tell when the other person is on the net, >and they have a choice of responding to your invitation to chat) >rather than dragging all of us into it. I yearn for the peaceful days >of a few months ago when we talked, at least occasionally, about >CANSLIM stocks (not too many mentioned tonight out of about 50 emails) >and the worst we had to worry about was what "M" might do to us the >next day. > >Is it possible for all of us to show some restraint and stop the name >calling and back biting, and get back to why we are here? Or is this >list to degenerate into what one member described, and accurately so, >as a typical Yahoo site? > >I know that I just spent the best part of two hours reading all that >was flying back and forth, and gained very little from it. Would have >had more fun reading a novel, and made more money looking at a few >dozen charts. I hope this doesn't start an entirely new thread, rather >just ends several. Let's get back to the basics of why we are all >here. > >Tom W > > > >- > > - - ------------------------------ Date: Wed, 24 Jun 1998 07:01:08 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Garbage email This may or may not help, Tom. I use Eudora for an E-Mail reader. It has filters that can be custom set. It will filter by name, or keyword in the subject and anything else you can dream up. Helps tremendously! Frank Wolynski At 21:24 6/23/98 -0400, Tom Worley wrote: >Members, > >I'm sitting here tonight, shaking my head, and wondering just how many >other members are also shaking their head, muttering "what a load of >garbage email to wade thru tonight!?" Last I recall, this was never >intended to be an individual "chat" board, rather it was intended to >be a group CANSLIM board. An awful lot of what I read thru tonight >could be better conducted one on one via private email or chat (try >ICQ, works nicely, you can tell when the other person is on the net, >and they have a choice of responding to your invitation to chat) >rather than dragging all of us into it. I yearn for the peaceful days >of a few months ago when we talked, at least occasionally, about >CANSLIM stocks (not too many mentioned tonight out of about 50 emails) >and the worst we had to worry about was what "M" might do to us the >next day. > >Is it possible for all of us to show some restraint and stop the name >calling and back biting, and get back to why we are here? Or is this >list to degenerate into what one member described, and accurately so, >as a typical Yahoo site? > >I know that I just spent the best part of two hours reading all that >was flying back and forth, and gained very little from it. Would have >had more fun reading a novel, and made more money looking at a few >dozen charts. I hope this doesn't start an entirely new thread, rather >just ends several. Let's get back to the basics of why we are all >here. > >Tom W > > > >- > > - - ------------------------------ Date: Wed, 24 Jun 1998 04:54:47 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] W's and MA's <> Jeffry!!! - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 08:16:56 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] FINL Morning Ari-- Believe Tom likes this one. FINL has some OBV/MF positive divergence from about the 9th through the 17th. Thereafter, it tracks price nicely. That it could not hold the high above the 52-wk high is modestly unnerving. The SloSto is ambiguous. In this circumstance, you often find the SloSto touching the blue line but failing to fall through. The MACD is still advancing. A retracement down to 28 would be reasonable. If this happens, you may have entered a trading range of higher highs and higher lows. If you own it, I would hold. If you wish to buy, you might consider it at 28. Connie Ari Lawson wrote: > FINL > > C:+42% Q,end,2/28/9 > A:GR-21% > N:3/98,Plans to open 50-60 new stores+remodel 20-25 existing stores in > FY 1999. > S:(small) 18.6 shrs out. > L: GRS 99,RS 97,EPS 89 > I: Funds 27%,Banks 14%,Mgmt 2% (?)Not too good. > M:Your opinion. > > COMMENTS WELCOME! > > - - - ------------------------------ Date: Wed, 24 Jun 1998 08:36:15 -0400 From: "Tom Worley" Subject: [CANSLIM] Nasdaq reversal Massive, positive reversal in Nasdaq 100 futures in past half hour, from down fractionally to up over 16 points, if the data I'm getting is accurate. Meantime, the dollar/yen broke above 140 while the dollar/mark broke above 1.80. So much for the fear of further intervention. Wonder what the $2 billion the Treasury spent buying yen with taxpayer dollars is worth now?? Tom W - - ------------------------------ Date: Wed, 24 Jun 1998 09:02:06 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF [Connie] Members-- Several stocks met OBV/MF criteria this morning: USAK KNGT WSHI [believe this is a repeat appearance] THRX [believe I have seen this mentioned in CS context] ANAD NTBK BVSN For the trader and the investor, indicators for the market and for individual stocks of the last few days are frequently exaggerated. E.g., there is a tendency for oversold indicators to reach "oversold" prematurely; consequently, you can enter a stock that appears to be oversold and still make a reasonable entry. There is an adage that says to find the strong group and buy the strongest and the weakest stock. For the CS investor, he might consider the strongest and perhaps a stock in the middle of the group. A part of the theory of this approach is that the strongest stock will make a correction while the less strong will make an advance. I have seen stocks that did fit this pattern. Remember that the OBV/MF stocks are selected on technical criteria. What the CS investor ought to look for is that stock that meets CS criteria and is further corroborated by OBV/MF. The conjunction of the two sets of criteria is a powerful conjunction. If you find a stock with this conjunction, you may be better off adding to a holding rather than adding a new holding. I doubt that I will buy any of these stocks this morning. Rather I will add to previous lots. Remember, too, that each stock is in a different stage of advance and correction. Let your EMA, SloSto, and MACD determine if the time is opportune to get in. Connie Mack - - ------------------------------ Date: Wed, 24 Jun 1998 09:28:28 -0400 From: Jeffry White Subject: [CANSLIM] OBV/MF Connie Mack wrote: > Remember that the OBV/MF stocks are selected on technical criteria. > What the CS investor ought to look for is that stock that meets CS > criteria and is further corroborated by OBV/MF. The conjunction of the > two sets of criteria is a powerful conjunction. > As I've mentioned before, I have not yet found a CANSLIM stock, at an appropriate entry point, which demonstrates the divergences you find bullish using these indicators. Anybody out there found one? Jeff - - ------------------------------ Date: Wed, 24 Jun 1998 06:36:31 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] OBV/MF [Connie] <> Both CANSLIM and HGS approaches stress looking to the leaders, not the laggards. Their thrust is that strong stocks by definition will continue to advance, whereas laggards will not draw the desired demand to push through overhead supply, group weakness, and whatever factors caused the weakness in the first place. <> Would appreciate any evidence you have to support this. WSHI, for example, moved against what its "divergence" would imply in March and again in April. Since the end of April, of course, it has been tracking price. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 08:37:45 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: FINL Hello Tom, Looking at FINL. Reached a new high yesterday at 31-1/16 on decent volume, but not high. I'm watching it also. Regards, Mary - - ------------------------------ Date: Wed, 24 Jun 1998 06:39:36 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Re:My Boy, DB [Connie] > Date: Tue, 23 Jun 1998 20:10:08 -0400 > From: Connie Mack Rea > > "Be that as it may"--is that some obscurant and obsequious recourse to > excoriation? Of most use would be a skin graft. > > Just turn it off and tuck it in where I'm concerned. > > Just imagine that when I want your comment, I'll ask for it. I don't know what this is about, but knock it off already, make it private, whatever. We are all impressed with your erudition. Don't want to see another Jeffrey-Tom exchange. - - ------------------------------ Date: Wed, 24 Jun 1998 09:26:08 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: FINL Hi Db, When exactly was the buy for FINL according to MACD? Thanks, Mary - - ------------------------------ Date: Wed, 24 Jun 1998 17:28:06 +0300 From: "David S. Pinhasik" Subject: [CANSLIM] ROMC I am reposting this under a new subject name. >ROMC: Has been in a trading channel for couple of months. If it closes >above 29.87 or 30 and doesn't labor, the trading range would be broken >to the upside and a new move could get underway. The OBV/MF implies the >breakout would hold. Is this still buyable at around 32? I am reading it as just about 10% over the pivot.Without DGO I am finding it hard to determine all the CS elements easily. Does the volume qualify as a valid CS breakout? Any help appreciated! David - - ------------------------------ Date: Wed, 24 Jun 1998 10:33:32 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Re:My Boy, DB [Connie] Patrick-- Let me see if I understand your logic. First, you "don't know what this is about." Then practice reticence. Second, you want me to "make it private." Yet you comment publicly. Third, you want me "to knock it off." Patrick, you don't know me well enough to elevate yourself to a position from which you can say "knock it off." Decide now if you think otherwise. Fourth, you're "impressed with my erudition." I like the logic of this conclusion. Connie Mack Patrick Wahl wrote: > > Date: Tue, 23 Jun 1998 20:10:08 -0400 > > From: Connie Mack Rea > > > > > "Be that as it may"--is that some obscurant and obsequious recourse to > > excoriation? Of most use would be a skin graft. > > > > Just turn it off and tuck it in where I'm concerned. > > > > Just imagine that when I want your comment, I'll ask for it. > > I don't know what this is about, but knock it off already, make it > private, whatever. We are all impressed with your erudition. > Don't want to see another Jeffrey-Tom exchange. > > - - - ------------------------------ Date: Wed, 24 Jun 1998 10:49:50 -0400 From: Jeffry White Subject: [CANSLIM] Dang!! > < > Jeffry>> > > Jeffry!!! > > --Db Reposting this because server didn't like my choice of words the first time, apparently: Darn!!!! Actually, there's a very good passage in "Reminiscence of a Stock Operator" which would probably provide me with some measure of defense here, but I think I'll just stand here with my pants down for a while and endure the spanking. Passage is to the effect that: most speculators hope when they should fear and fear when they should hope. I think I'm on the correct side of the issue in hoping that we have an intermediate term upside move and fearing that I may be wrong (enough so that I'll place appropriate stop losses). That would be opposed to hoping that my un-stopped positions cease going down while fearing that the upturn in the market or stocks will run out of gas. Sumpin' like dat. ;) BTW, to anyone who has not read "Reminiscence...", it is a must, IMO. JW - - ------------------------------ Date: Tue, 23 Jun 1998 21:10:11 -0700 From: Mike Lucero Subject: [CANSLIM] Quotes Plus 2 downloading for you today? I haven't been able to download from Quotes Plus (version 2) yet tonight. Has anyone else on the list successfully done so? Thanks, Mike - - ------------------------------ Date: Wed, 24 Jun 1998 08:38:16 -0400 From: Jeffry White Subject: [CANSLIM] W's and MA's > < > Jeffry>> > > Jeffry!!! > > --Db Damn!!!! Actually, there's a very good passage in "Reminiscence of a Stock Operator" which would probably provide me with some measure of defense here, but I think I'll just stand here with my pants down for a while and endure the spanking. Passage is to the effect that: most speculators hope when they should fear and fear when they should hope. I think I'm on the correct side of the issue in hoping that we have an intermediate term upside move and fearing that I may be wrong (enough so that I'll place appropriate stop losses). That would be opposed to hoping that my un-stopped positions cease going down while fearing that the upturn in the market or stocks will run out of gas. Sumpin' like dat. ;) BTW, to anyone who has not read "Reminiscence...", it is a must, IMO. JW - - ------------------------------ Date: Wed, 24 Jun 1998 07:50:46 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Re: FINL <> Depends on whether you're going by the weekly chart or the daily. The weekly chart gave a "buy" according to MACD in February. The daily gave a buy on 6/3 as the stock was moving out of the base Tom mentioned (the ribbon I've spoken of gave a buy signal the previous day). I guess you noticed the stock is down today. Its first test is the 17d at 27.50. If it fails that, next stop is the 50d at 25, which I believe Tom mentioned as well. If you're using a daily chart, it's all much clearer on a weekly. FINL is actually a good example of the value of using both daily and weekly charts. If you'd used the daily signal, you might have bought at the end of December and waited for five weeks (through a decline) before the weekly confirmed. This is not to say that the daily signal should be ignored, but rather that using both weekly and daily charts gives you a better perspective and more confidence in your decision. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 08:40:48 -0400 From: "Robert Miller" Subject: [CANSLIM] What about Canslim? Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Group, I have been subscribed to this group for over a year. Until a couple months ago everything was nice and I learned a lot from almost every post. I don't mind reading about TA or microcaps, or anything remotely related to Canslim. It has all been helpful thusfar. However, a few people have developed oversized egos and have become very childish as a result. IF YOU DON'T HAVE ANYTHING NICE TO SAY, THEN SHUT UP OR UNSUBSCRIBE. There are a lot of children (peers) you can talk to elsewhere. This doesn't mean you can't disagree, but for god's sake, have some RESPECT for others. Two months and counting since I have learned anything from this group. Still hoping. Respectfully, Rob - - ------------------------------ Date: Thu, 25 Jun 1998 00:49:33 +1200 From: "Dean Edwards" Subject: [CANSLIM] NON CANSLIM - dangers of trading on news events Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable There is an amusing story from Stan Ehrlich below, on the dangers of trading on news events. I have my own story to share from working at Statistics NZ. Most statistical information is embargoed. What generally happens is that key statistics are released at a prescribed time to the media. Newspapers, radio and television have the information in front of them, but they can only release it at a certain time of the day, at the same time. If you knew the Wall Street Journal was going to publish the United States inflation figures before any other media outfit, you would probably only buy that newspaper. Yesterday for example, the current account deficit for New Zealand was released at 12pm yesterday afternoon. The markets were anticipating 8% and the actual amount was 7.2% The exchange rate made a rally on this news. As the markets decided that it was not as bearish as the 8% that was anticipated. However the media is usually front running the anticipated news. For example they want to publish their newspaper by 10am, they will leak information such (already have the actual information but can't realease it) as "economists" are forecasting.. blah...blah..blah. They want to get the story out, so they make estimates vey close to the actual figures. Remember, markets always discount events and will anticipate news, but sometimes its already known in advance. I laughed when Stan Ehrlich mentions a key statistical event and a trader lost big time.... I won't spoil it for you ... How does a successful trader look at "news"?=20 "It's more important how the market responds to the news, as opposed to what the news necessarily is. For example, some very positive news comes out, and the stock moves only very slightly, or vice versa some very negative news comes out, and the stock only goes down very little. That behavior is telling you something about the intrinsic weakness or strength of the stock. That may be more important than the news item itself. So you can read news not only for what the news says, but how the market responds to it. That's one important principle." Author of "Market Wizzards" - - Jack D. Schwager http://www.centrex.com/audio.html Stan Ehrlich Stan is the president of Ehrlich Commodity Futures, is a long time = Chicago floor trader and frequently appears at trading related = conferences and seminars. He speaks about the dangers of trading news = events, the concept of leverage and futures markets suitable for = beginners. Total running time is about 12 minutes.=20 a.. Audio(757K)= - - ------------------------------ Date: Wed, 24 Jun 1998 08:07:57 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] ROMC <> The stock is down again today, which puts it just at the upper end of overextended from the base. The volume doesn't qualify on either the weekly or daily chart, but it's nothing to sneeze at, either. Since this is a trending stock, the 17d at 28.50 and the 50d at 27.50 should provide support. But there's always the chance that the stock may never reach these points. If you really want it, monitor it for renewed strength. It's already dipped below yesterday's low, which is not good, but if it closes at or near the day's high, particularly if the high exceeds yesterday's high, that's a big plus. Unfortunately, that puts you right back into overextended territory. The group chart looks pretty terrible, so you may get the retest of the base that you want. It's really up to you to balance the odds for and against and decide if they're enough in your favor. The risk is 2-3 points. Is the reward at least three times that? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 08:17:40 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] FINL--TA, Connie, Mary, etc. Since FINL has caught the fancy of several people, I thought I might ask Connie to clarify his statement below: FINL has some OBV/MF positive divergence from about the 9th through the 17th. Thereafter, it tracks price nicely. I at least would appreciate knowing where this divergence lies. If you'll note the chart (ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/FINL.gif), OBV seems to track the stock quite closely, down when the stock is down, flat when the stock is flat, up when the stock is up (the dotted lines represent closing prices). Where's the divergence? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 08:10:32 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] W's and MA's <> What a terrific way to put it. This is it in a nutshell. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 12:23:29 -0400 From: averil@legendcomm.com (Averil Strauss) Subject: Re: [CANSLIM] W's and MA's !!!!!!! Really now. What can ANYONE say? This is over the top of rude. Stop it!!! Connie, your yesterday posts were nearly as bad. Not quite, but... Walter Stock, how do I get in touch from Bramptom? Averil Strauss (Lurker) averil@legendcomm.com 800-668-7077 - - ------------------------------ Date: Wed, 24 Jun 1998 14:04:02 -0400 From: Jeffry White Subject: [CANSLIM] "M" It's a bit early in the day, but noticed the price and volume on the Nasdaq with about 2 hours left to trade. We could see consecutive 1% on volume days, within the 3-10 day window. The last time I remember seeing a similar occurrence, it preceded the run from the late April/early May 1997 bottom, which ended in early October. We saw 3 1% on volume days at the beginning of that move, just can't remember whether they all fell within the window. Someone with better data access may be able to assist. I think the bottom day was around 4/28/97. Food for "hope". Jeffry - - ------------------------------ Date: Wed, 24 Jun 1998 11:23:45 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] "M" <> Close. Bottom was 4/22. The days you refer to were 5, 6, 8, and 9. It based for two weeks, then went on from there. Volume was "green" for six days running, but pulled back a bit on the 7th day (it rested). - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 14:48:33 -0400 From: Jeffry White Subject: [CANSLIM] "M" > < run from the late April/early May 1997 bottom, which ended in early > October. We saw 3 1% on volume days at the beginning of that move, just > can't remember whether they all fell within the window. > > Someone with better data access may be able to assist. I think the > bottom day was around 4/28/97.>> > > Close. Bottom was 4/22. The days you refer to were 5, 6, 8, and 9. > It based for two weeks, then went on from there. Volume was "green" > for six days running, but pulled back a bit on the 7th day (it rested). > > --Db So, four days, huh? And, if memory serves, it was the Oils and Chip Equip that lead the charge from that bottom. Question: Who's going to lead this time? Jeffry - - ------------------------------ Date: Wed, 24 Jun 1998 21:36:58 +0200 From: Johan Van Houtven Subject: [CANSLIM] "M" Now that we are at resistance created by the right shoulder of the head-and-shoulder formation in the NAZ chart, we will most probably pause for a while. We have to eat through that resistance. So my guess is that it is highly unlikely that tomorrow will be another 1% day. (No kiddin' ;^) However, if tomorrow is another 1% up day, I will be the last one to complain as I'm already 84% invested. Jeffry, 25 minutes to go and we indeed have another more than 1% up day today, even on higher volume than yesterday. I could get used to this. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Wed, 24 Jun 1998 12:46:55 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] "M" <> Gee, Johan. What have you been reading? In case anybody's wondering, the right shoulder was formed in the 1870-1880 area. Tell you what, Jeffry. Let's both hope. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 11:35:11 -0700 From: Mike Lucero Subject: [CANSLIM] RE: Quotes Plus 2 downloading for you today? I wasn't been able to download from Quotes Plus (version 2) last night. Anyone else on the list have the same problem? Thanks, Mike - - ------------------------------ Date: Thu, 25 Jun 1998 01:39:58 +0700 From: "Peter Christiansen" Subject: Re: [CANSLIM] What about Canslim? I would like to strongly second Robert's sentiments. At first the bickering was slightly amusing. Now it has become thoroughly boring. I have lost interest in posting and am very close to unsubscribing. Presently, I am finding very little of value here. Peter Christiansen Chiang Mai - Thailand - -----Original Message----- From: Robert Miller To: Canslim Date: Wednesday, June 24, 1998 10:07 PM Subject: [CANSLIM] What about Canslim? > >Content-Type: text/plain; > charset="iso-8859-1" >Content-Transfer-Encoding: quoted-printable > >Group, > >I have been subscribed to this group for over a year. Until a couple >months ago everything was nice and I learned a lot from almost every >post. I don't mind reading about TA or microcaps, or anything remotely >related to Canslim. It has all been helpful thusfar. However, a few >people have developed oversized egos and have become very childish as a >result. IF YOU DON'T HAVE ANYTHING NICE TO SAY, THEN SHUT UP OR >UNSUBSCRIBE. There are a lot of children (peers) you can talk to >elsewhere. This doesn't mean you can't disagree, but for god's sake, >have some RESPECT for others. > >Two months and counting since I have learned anything from this group. >Still hoping. > >Respectfully, >Rob > > > > > > > >- > > - - ------------------------------ Date: Wed, 24 Jun 1998 14:14:00 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] W's and MA's > Date: Tue, 23 Jun 1998 22:53:41 -0400 > To: canslim@lists.xmission.com > From: Craig Griffin Thanks for the picks. I have a very few comments, you can correct me if I'm off on these - > xcit An internet stock? What makes you think those things are going anywhere? (thats like a joke or something). Like ELNK, XCIT has the cup part done, needs to pause and make a handle. > biox BIOX reminds me of PZZA, which I mentioned here, and which has proven to be pretty much a flop. But it does have a good long base, needs to get back to the old highs and breakout. > elnk > mspg These two look very similar. I think Earthlink is the internet provider. Both of these stocks seemed to have formed the cup part of the correction, now I would like to see a handle. - - ------------------------------ Date: Wed, 24 Jun 1998 14:14:00 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Buy Signal Would someone post to the list or e mail me privately exactly what O'Neil's rules are for the buy signal? That is, the 1% day, followed by another in a certain window of time, along with some volume increase. My books are all in storage for the next few months, so I don't have the info handy. If I am able to code it and plot buy signals over the last year or two on a chart with my charting software, I'll post the chart. TIA. - - ------------------------------ Date: Wed, 24 Jun 1998 14:15:13 -0700 From: Bill Subject: Re: [CANSLIM] FINL--TA, Connie, Mary, etc. On a 1 yr weekly chart - OBV shows negative divergence (bearish) from mid April to last Friday! This one is looking for a resting place. Bill-->> dbphoenix wrote: > > Since FINL has caught the fancy of several people, I thought I might > ask Connie to clarify his statement below: > > FINL has some OBV/MF positive divergence from about the 9th through the > 17th. Thereafter, it tracks price nicely. > > I at least would appreciate knowing where this divergence lies. If > you'll note the chart > (ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/FINL.gif), OBV > seems to track the stock quite closely, down when the stock is down, > flat when the stock is flat, up when the stock is up (the dotted lines > represent closing prices). Where's the divergence? > > --Db > - - ------------------------------ Date: Wed, 24 Jun 1998 14:36:59 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] FINL--TA, Connie, Mary, etc. <>>> Seems we have some disagreement. Connie thinks there's positive divergence, you see negative divergence, and I see little divergence at all. I've uploaded a one-year weekly chart to the site, but we'll have to wait until Jeff is able to transfer the file before we can look at it together. I'd appreciate your help in locating either a positive or negative divergence. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 17:51:58 EDT From: Subject: Re: [CANSLIM] OBV/MF Jeffrey, I can't recall you listing ANY stock CS, TA, etc. Just my perspective. Would love to see the list. I learn vast amounts simply through researching stocks listed here, etc. Would love to review your watch list. If you have posted it, forgive me. I generally try to avoid all the name calling stuff, belittling, etc so I may of missed it. I lack Connie's ability to (hell can't think of a word) articulate so let me simply say that I read every post Connie, Tom, DB, and you send (amoung others). I many times will do my own research and on rare occassion will buy a stock that I first heard of here. I could boast of the new truck setting in my driveway or the two quarter horses in my barn but in all honesty the only reason I have them is because of what I've learned here. More stock lists, less bickering. Please don't take this personal. I contemplated sending this privately but I think there are probably several others on this list who feel the same. Best wishes Greg - - ------------------------------ Date: Wed, 24 Jun 1998 18:12:37 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] FINL--TA, Connie, Mary, etc. >> and I see little divergence at all. << I agree, OBV has been rising since 7/29/97 & so has the price. No divergence IMHO. Bob - - ------------------------------ Date: Wed, 24 Jun 1998 17:53:52 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] What about Canslim? >> I have lost interest in posting and am very close to unsubscribing. << Me too - - ------------------------------ Date: Wed, 24 Jun 1998 12:00:41 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] "M" <> As I suggested earlier, Computer Services may be one place to look. Johan has been the only one to respond to the suggestion, but if anyone else is interested, I'll be happy to provide the list I go by. I've also provided links to two different group-following sites as well as the HGS forum. If any newcomers missed all of this, again I'll be happy to provide the info once more. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 24 Jun 1998 16:08:28 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] WSHI--TA, OBV, yada yada--skip if not interested <> I'm not necessarily looking for people to agree or disagree, though it's always nice to know that one hasn't lost his mind. I'm primarily trying to understand what it is that others see that I don't. While we're waiting for the FINL weekly chart, let's look at WSHI, another of Connie's examples of positive divergence. ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/WSHI-D.gif Now if I understand this correctly, we have a clear-cut divergence from the beginning of February until the middle of March. But I don't understand what this divergence tells you since the OBV is flat and the price goes up. In what way would the divergence have suggested that? There is another divergence from the middle of March until the end of April. In this case, the OBV goes up, but the stock is flat. From the posts I've read, I would assume that the stock would rise as a result of this, but instead it falls. From that point (the last week of April), the OBV rises again due to a volume spike, then settles into a pattern of tracking the price since volume subsides dramatically and there's nothing to move it. When the price goes down, OBV goes down. When the price goes up, OBV goes up. How do these divergences suggest the future direction of the stock? What is it that I'm not seeing here? Can any of Connie's followers explain? All comments appreciated. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ End of canslim-digest V2 #299 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. 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