From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3339 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Thursday, May 29 2003 Volume 02 : Number 3339 In this issue: [CANSLIM] Mid Week Analysis RE: [CANSLIM] BO, too fast too much Re: [CANSLIM] Mid Week Analysis [CANSLIM] RMD chart [CANSLIM] KSWS RE: [CANSLIM] Mid Week Analysis RE: [CANSLIM] BO, too fast too much RE: [CANSLIM] BO, too fast too much RE: [CANSLIM] BO, too fast too much RE: [CANSLIM] BO, too fast too much ---------------------------------------------------------------------- Date: Wed, 28 May 2003 22:19:49 -0500 From: "Gene Ricci" Subject: [CANSLIM] Mid Week Analysis This is a multi-part message in MIME format. - ------=_NextPart_000_021F_01C32567.40DE3730 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable My latest Mid Week Analysis is at = http://www.amateur-investors.com/AII_Mid_Week_Analysis5_28_03.htm Amateur-Investors.Com - ------=_NextPart_000_021F_01C32567.40DE3730 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

My latest Mid Week Analysis is at http://www.amateur-investors.com/AII_Mid_Week_Analysis5_28_03.htm
 
Amateur-Investors.Com
- ------=_NextPart_000_021F_01C32567.40DE3730-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 28 May 2003 21:31:23 -0700 (PDT) From: Tomas Subject: RE: [CANSLIM] BO, too fast too much Katherine, Thanks for listing the options and a good description of each. I have been searching for a stand alone tracker and alert system. I think I found one. It's Quote Tracker by Medved. Anyone has experience with this one? I tested out the email alert, works good. It actually has lots of options for the alert (price low/high, vol, vol %, price change, change %, ...). One missing feature that would be handy is a combination of the criterias. But it is sufficient for now. tomas - --- Katherine Malm wrote: > Hi Tomas, > > I think there are a few different options if you > can't monitor the market > intraday. > > These require that you first select the stocks that > you want to monitor for > breakout, so if something moves that was not on your > radar, then you will > not see it: > > (1) As Bill suggested, set up a buy stop/limit > order. This will be executed > based on price, so you still have to check in > sometime before the end of the > day to ensure that the volume requirements were also > met. If not, then you > have to be willing to sell the position. > > (2) Use an alert system (broker based or stand > alone) that allows you set > price alerts and then sends them to your phone, text > based pager or wireless > PDA. You have to preset the stocks you wish to > monitor and you will have to > be able to interrupt your business at hand to check > in on the market and > make the trade if the projected volume is > sufficient. > > (3) Check in on the market at lunch. If the stocks > you are watching are > nearing a breakout at that point, place a market > order or a buy stop/limit > order. If using a buy stop then you'll need to check > actual volume at day's > end and sell if necessary as with option 1. > > This allows you to look for possible breakouts, even > if the stock wasn't > originally on your radar. The easiest way to find > these is to look for > stocks that close up on the day on volume >=150% of > ADV (either by using the > "Where the Big Money is Flowing" or a technical > program that lets you scan > for stocks): > > (4) Wait until day's end to find stocks that have > broken out and are still > within range (<5%). Advantage is that you will be > able to see the actual > volume in order to confirm the BO. The disadvantage, > as you noted is that > the stock may very well be extended beyond the > buying range and you'll have > to pass and/or wait to see if it pulls back and > provides a second chance > entry. > > This last option does not require that you already > have a stock on your > radar in order to see an attempted breakout > intraday: > > (5) Use a breakouts alert service (there's only one) > that automatically > sends out an intraday alert when a stock in a basing > pattern is breaking > out. This can go to your email, text based pager or > wireless PDA address. > The advantage over any of the other options is that > you do not have to seek > out the stock in question to determine if it is > setting up and when/if it > attempts an intraday breakout, you will be notified. > As with option 1, > however, the intraday alerts are based on projected > volume, so if you choose > to execute an order and end of day volume does not > pan out, you'll have to > be willing to sell the position. Alternately, you > can wait until near > mid-day or near market close to make a buy decision, > but then you risk > missing the breakout price window. > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Bill Triffet > Sent: Wednesday, May 28, 2003 9:46 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] BO, too fast too much > > > Ah the proverbial problem for us folks with > non-investment jobs... > > In the past, When a nice handle has formed, I'd make > a buy/limit order just > above the pivot. I'd then check to see if it > executed. If it did, I'd check > to see if volume is sufficient. If the volume is > low, I'd immediately sell. > > I've also been setting hard stops immediately after > the buy as I've not been > able to track the market as much during the day. > > -- > Bill > > -------Original Message------- > From: Tomas > Sent: 05/27/03 08:55 PM > To: canslim canslim > Subject: [CANSLIM] BO, too fast too much > > > > > Looks like USNA BO from a nice tight flat base > today. > I have been eyeing this stocking, trying to get in > for > awhile. But it is too late at the end of the day > since it rose ~14% today. So, my question is how do > you get a position in when the BO is so strong and > so > fast? I can't be looking at stocks every minute of > the day. > > How do some of you guys do it? Set email alerts? > Maybe something else? How has your alert system > been > working for ya? Any other suggestion? > > Thanks, > tomas > > __________________________________ > Do you Yahoo!? > Yahoo! Calendar - Free online calendar with sync to > Outlook(TM). > http://calendar.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 28 May 2003 21:41:04 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] Mid Week Analysis Gene, I do not agree with your analysis of APPX. To me, the pivot point was on 5/5 and it has a 6 days handle that initially drifted down. There was a shakeout day 5/8 during the handle. After today's big dip, I am doing a post analysis of the chart and everything looks ok (except for today). With all these news/rumors around, what sure what is going on. just my $.02, tomas - --- Gene Ricci wrote: > > > My latest Mid Week Analysis is at > http://www.amateur-investors.com/AII_Mid_Week_Analysis5_28_03.htm > > Amateur-Investors.Com > __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 28 May 2003 22:08:11 -0700 (PDT) From: Tomas Subject: [CANSLIM] RMD chart How would yall interpret the chart for RMD? Looks like it was a DB. The second bottom did not dip below the first bottom (not good). BO on 4/23. Now it is forming another small base? And BO today? Just want to see how you would classify the chart. Thanks, tomas __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 28 May 2003 22:14:28 -0700 (PDT) From: Tomas Subject: [CANSLIM] KSWS How about KSWS chart? Looks like it just BO with up volume from a 4 weeks flat base today. There was a shakeout on 5/19. Then some dried up volume before the BO. Is my interpretation accurate? Thanks, tomas __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 28 May 2003 20:23:20 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] Mid Week Analysis This is a multi-part message in MIME format. - ------=_NextPart_000_0303_01C32556.FB0CC880 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Gene, I see you are now referring to amateur-investors.com analysis as 'my latest mid-week analysis". This is a step up from your previous posts that more modestly claimed "our analysis". Congratulations on your promotion, and the excellent quality of your work, I wish you well. Aloha, Mike Gibbons webmaster, cwhcharts.com. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci Sent: Wednesday, May 28, 2003 5:20 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Mid Week Analysis My latest Mid Week Analysis is at http://www.amateur-investors.com/AII_Mid_Week_Analysis5_28_03.htm Amateur-Investors.Com - ------=_NextPart_000_0303_01C32556.FB0CC880 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene,
 
I see you are now referring to amateur-investors.com = analysis as=20 'my latest mid-week analysis". This is a step up from your previous = posts that=20 more modestly claimed "our analysis".
 
Congratulations on your promotion, and the excellent quality of = your=20 work, I wish you well.
 
Aloha,
 
Mike = Gibbons
webmaster, cwhcharts.com.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene=20 Ricci
Sent: Wednesday, May 28, 2003 5:20 PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Mid Week=20 Analysis


My latest Mid Week Analysis is at http://www.amateur-investors.com/AII_Mid_Week_Analysis5_28_03.htm
 
Amateur-Investors.Com
- ------=_NextPart_000_0303_01C32556.FB0CC880-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 28 May 2003 15:21:41 -0700 (PDT) From: jeffwdc Subject: RE: [CANSLIM] BO, too fast too much Hi Katherine, Thanks for all the info. you published over the weekend! You mention a Breakout Alert Service. May I ask the name of this service? I'm not ready to subscribe, but it would be nice to know for the future. Best Regards, jeff gasta - --- Katherine Malm wrote: > Hi Tomas, > > I think there are a few different options if you > can't monitor the market > intraday. > > These require that you first select the stocks that > you want to monitor for > breakout, so if something moves that was not on your > radar, then you will > not see it: > > (1) As Bill suggested, set up a buy stop/limit > order. This will be executed > based on price, so you still have to check in > sometime before the end of the > day to ensure that the volume requirements were also > met. If not, then you > have to be willing to sell the position. > > (2) Use an alert system (broker based or stand > alone) that allows you set > price alerts and then sends them to your phone, text > based pager or wireless > PDA. You have to preset the stocks you wish to > monitor and you will have to > be able to interrupt your business at hand to check > in on the market and > make the trade if the projected volume is > sufficient. > > (3) Check in on the market at lunch. If the stocks > you are watching are > nearing a breakout at that point, place a market > order or a buy stop/limit > order. If using a buy stop then you'll need to check > actual volume at day's > end and sell if necessary as with option 1. > > This allows you to look for possible breakouts, even > if the stock wasn't > originally on your radar. The easiest way to find > these is to look for > stocks that close up on the day on volume >=150% of > ADV (either by using the > "Where the Big Money is Flowing" or a technical > program that lets you scan > for stocks): > > (4) Wait until day's end to find stocks that have > broken out and are still > within range (<5%). Advantage is that you will be > able to see the actual > volume in order to confirm the BO. The disadvantage, > as you noted is that > the stock may very well be extended beyond the > buying range and you'll have > to pass and/or wait to see if it pulls back and > provides a second chance > entry. > > This last option does not require that you already > have a stock on your > radar in order to see an attempted breakout > intraday: > > (5) Use a breakouts alert service (there's only one) > that automatically > sends out an intraday alert when a stock in a basing > pattern is breaking > out. This can go to your email, text based pager or > wireless PDA address. > The advantage over any of the other options is that > you do not have to seek > out the stock in question to determine if it is > setting up and when/if it > attempts an intraday breakout, you will be notified. > As with option 1, > however, the intraday alerts are based on projected > volume, so if you choose > to execute an order and end of day volume does not > pan out, you'll have to > be willing to sell the position. Alternately, you > can wait until near > mid-day or near market close to make a buy decision, > but then you risk > missing the breakout price window. > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Bill Triffet > Sent: Wednesday, May 28, 2003 9:46 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] BO, too fast too much > > > Ah the proverbial problem for us folks with > non-investment jobs... > > In the past, When a nice handle has formed, I'd make > a buy/limit order just > above the pivot. I'd then check to see if it > executed. If it did, I'd check > to see if volume is sufficient. If the volume is > low, I'd immediately sell. > > I've also been setting hard stops immediately after > the buy as I've not been > able to track the market as much during the day. > > -- > Bill > > -------Original Message------- > From: Tomas > Sent: 05/27/03 08:55 PM > To: canslim canslim > Subject: [CANSLIM] BO, too fast too much > > > > > Looks like USNA BO from a nice tight flat base > today. > I have been eyeing this stocking, trying to get in > for > awhile. But it is too late at the end of the day > since it rose ~14% today. So, my question is how do > you get a position in when the BO is so strong and > so > fast? I can't be looking at stocks every minute of > the day. > > How do some of you guys do it? Set email alerts? > Maybe something else? How has your alert system > been > working for ya? Any other suggestion? > > Thanks, > tomas > > __________________________________ > Do you Yahoo!? > Yahoo! Calendar - Free online calendar with sync to > Outlook(TM). > http://calendar.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 29 May 2003 07:52:09 -0500 From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] BO, too fast too much Tomas, Quote Tracker is what I use, and have been very pleased with it. I have it get the real time data feed from Ameritrade, and the alerts work well. The only problem I sometimes have if having an alert pop up on the desktop, during the work day, but not having the time to look at it in detail to see if action is required. But I can tell you that it has saved my butt on a couple of times when a stock took a quick plunge and I did not have a stop order in place. For what it is worth, I would suggest placing a 7-8% stop loss alert after you open a position, and maybe one at a 20% gain, so that you know when a stock passes thru these "key" points. Also, there is a program called FCharts which you can get for free, or pay about $50 for a more advanced version, that allows for real time charting with a feed from Quote Tracker. It allows you to do more TA on the charts, etc. Let me know offline if you have any more questions. Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Tomas To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: RE: [CANSLIM] BO, too fast too much ission.com 05/28/2003 11:31 PM Please respond to canslim Katherine, Thanks for listing the options and a good description of each. I have been searching for a stand alone tracker and alert system. I think I found one. It's Quote Tracker by Medved. Anyone has experience with this one? I tested out the email alert, works good. It actually has lots of options for the alert (price low/high, vol, vol %, price change, change %, ...). One missing feature that would be handy is a combination of the criterias. But it is sufficient for now. tomas - --- Katherine Malm wrote: > Hi Tomas, > > I think there are a few different options if you > can't monitor the market > intraday. > > These require that you first select the stocks that > you want to monitor for > breakout, so if something moves that was not on your > radar, then you will > not see it: > > (1) As Bill suggested, set up a buy stop/limit > order. This will be executed > based on price, so you still have to check in > sometime before the end of the > day to ensure that the volume requirements were also > met. If not, then you > have to be willing to sell the position. > > (2) Use an alert system (broker based or stand > alone) that allows you set > price alerts and then sends them to your phone, text > based pager or wireless > PDA. You have to preset the stocks you wish to > monitor and you will have to > be able to interrupt your business at hand to check > in on the market and > make the trade if the projected volume is > sufficient. > > (3) Check in on the market at lunch. If the stocks > you are watching are > nearing a breakout at that point, place a market > order or a buy stop/limit > order. If using a buy stop then you'll need to check > actual volume at day's > end and sell if necessary as with option 1. > > This allows you to look for possible breakouts, even > if the stock wasn't > originally on your radar. The easiest way to find > these is to look for > stocks that close up on the day on volume >=150% of > ADV (either by using the > "Where the Big Money is Flowing" or a technical > program that lets you scan > for stocks): > > (4) Wait until day's end to find stocks that have > broken out and are still > within range (<5%). Advantage is that you will be > able to see the actual > volume in order to confirm the BO. The disadvantage, > as you noted is that > the stock may very well be extended beyond the > buying range and you'll have > to pass and/or wait to see if it pulls back and > provides a second chance > entry. > > This last option does not require that you already > have a stock on your > radar in order to see an attempted breakout > intraday: > > (5) Use a breakouts alert service (there's only one) > that automatically > sends out an intraday alert when a stock in a basing > pattern is breaking > out. This can go to your email, text based pager or > wireless PDA address. > The advantage over any of the other options is that > you do not have to seek > out the stock in question to determine if it is > setting up and when/if it > attempts an intraday breakout, you will be notified. > As with option 1, > however, the intraday alerts are based on projected > volume, so if you choose > to execute an order and end of day volume does not > pan out, you'll have to > be willing to sell the position. Alternately, you > can wait until near > mid-day or near market close to make a buy decision, > but then you risk > missing the breakout price window. > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Bill Triffet > Sent: Wednesday, May 28, 2003 9:46 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] BO, too fast too much > > > Ah the proverbial problem for us folks with > non-investment jobs... > > In the past, When a nice handle has formed, I'd make > a buy/limit order just > above the pivot. I'd then check to see if it > executed. If it did, I'd check > to see if volume is sufficient. If the volume is > low, I'd immediately sell. > > I've also been setting hard stops immediately after > the buy as I've not been > able to track the market as much during the day. > > -- > Bill > > -------Original Message------- > From: Tomas > Sent: 05/27/03 08:55 PM > To: canslim canslim > Subject: [CANSLIM] BO, too fast too much > > > > > Looks like USNA BO from a nice tight flat base > today. > I have been eyeing this stocking, trying to get in > for > awhile. But it is too late at the end of the day > since it rose ~14% today. So, my question is how do > you get a position in when the BO is so strong and > so > fast? I can't be looking at stocks every minute of > the day. > > How do some of you guys do it? Set email alerts? > Maybe something else? How has your alert system > been > working for ya? Any other suggestion? > > Thanks, > tomas > > __________________________________ > Do you Yahoo!? > Yahoo! Calendar - Free online calendar with sync to > Outlook(TM). > http://calendar.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 29 May 2003 09:17:12 -0400 From: "Pritish Shah" Subject: RE: [CANSLIM] BO, too fast too much Jeff, I use cwhcharts.com. I have been using it for couple weeks with the email = alert and so far I have made about 5%. Ofcourse, I pick and choose what = stocks I want but atleast it narrows the universe down to just the Earth. = Then I select the city that I want to visit.=20 This is the service that Katherine works with. I have to say that I am = impressed. There are some stability issues but cwhcharts.com is working = diligently to fix those problems. Regards, Pritish >>> jeffwdc@yahoo.com 05/28/03 05:21PM >>> Hi Katherine, Thanks for all the info. you published over the weekend! You mention a Breakout Alert Service. May I ask the name of this service? I'm not ready to subscribe, but it would be nice to know for the future. Best Regards, jeff gasta - --- Katherine Malm wrote: > Hi Tomas, >=20 > I think there are a few different options if you > can't monitor the market > intraday. >=20 > These require that you first select the stocks that > you want to monitor for > breakout, so if something moves that was not on your > radar, then you will > not see it: >=20 > (1) As Bill suggested, set up a buy stop/limit > order. This will be executed > based on price, so you still have to check in > sometime before the end of the > day to ensure that the volume requirements were also > met. If not, then you > have to be willing to sell the position. >=20 > (2) Use an alert system (broker based or stand > alone) that allows you set > price alerts and then sends them to your phone, text > based pager or wireless > PDA. You have to preset the stocks you wish to > monitor and you will have to > be able to interrupt your business at hand to check > in on the market and > make the trade if the projected volume is > sufficient. >=20 > (3) Check in on the market at lunch. If the stocks > you are watching are > nearing a breakout at that point, place a market > order or a buy stop/limit > order. If using a buy stop then you'll need to check > actual volume at day's > end and sell if necessary as with option 1. >=20 > This allows you to look for possible breakouts, even > if the stock wasn't > originally on your radar. The easiest way to find > these is to look for > stocks that close up on the day on volume >=3D150% of > ADV (either by using the > "Where the Big Money is Flowing" or a technical > program that lets you scan > for stocks): >=20 > (4) Wait until day's end to find stocks that have > broken out and are still > within range (<5%). Advantage is that you will be > able to see the actual > volume in order to confirm the BO. The disadvantage, > as you noted is that > the stock may very well be extended beyond the > buying range and you'll have > to pass and/or wait to see if it pulls back and > provides a second chance > entry. >=20 > This last option does not require that you already > have a stock on your > radar in order to see an attempted breakout > intraday: >=20 > (5) Use a breakouts alert service (there's only one) > that automatically > sends out an intraday alert when a stock in a basing > pattern is breaking > out. This can go to your email, text based pager or > wireless PDA address. > The advantage over any of the other options is that > you do not have to seek > out the stock in question to determine if it is > setting up and when/if it > attempts an intraday breakout, you will be notified. > As with option 1, > however, the intraday alerts are based on projected > volume, so if you choose > to execute an order and end of day volume does not > pan out, you'll have to > be willing to sell the position. Alternately, you > can wait until near > mid-day or near market close to make a buy decision, > but then you risk > missing the breakout price window. >=20 > Katherine >=20 > -----Original Message----- > From: owner-canslim@lists.xmission.com=20 > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Bill Triffet > Sent: Wednesday, May 28, 2003 9:46 AM > To: canslim@lists.xmission.com=20 > Subject: Re: [CANSLIM] BO, too fast too much >=20 >=20 > Ah the proverbial problem for us folks with > non-investment jobs... >=20 > In the past, When a nice handle has formed, I'd make > a buy/limit order just > above the pivot. I'd then check to see if it > executed. If it did, I'd check > to see if volume is sufficient. If the volume is > low, I'd immediately sell. >=20 > I've also been setting hard stops immediately after > the buy as I've not been > able to track the market as much during the day. >=20 > -- > Bill >=20 > -------Original Message------- > From: Tomas > Sent: 05/27/03 08:55 PM > To: canslim canslim > Subject: [CANSLIM] BO, too fast too much >=20 > > > > Looks like USNA BO from a nice tight flat base > today. > I have been eyeing this stocking, trying to get in > for > awhile. But it is too late at the end of the day > since it rose ~14% today. So, my question is how do > you get a position in when the BO is so strong and > so > fast? I can't be looking at stocks every minute of > the day. >=20 > How do some of you guys do it? Set email alerts? > Maybe something else? How has your alert system > been > working for ya? Any other suggestion? >=20 > Thanks, > tomas >=20 > __________________________________ > Do you Yahoo!? > Yahoo! Calendar - Free online calendar with sync to > Outlook(TM). > http://calendar.yahoo.com=20 >=20 > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > >=20 > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. >=20 >=20 >=20 > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com=20 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 29 May 2003 08:22:16 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] BO, too fast too much Hi Jeff, The breakout alert service (cwhcharts.com) is one that Mike Gibbons and I developed. My posts here on the list are as an individual CANSLIM investor, so while I mention the service in my reply to Tomas in order to give a complete overview of the options, you can probably understand why I didn't mention it by name. See it at www.cwhcharts.com. I've recently written a new "How to Use our Site" tutorial that gives an overview of using the service in either a 10 or 20 minute a day approach. See it by clicking on the "How to..." menu at the site. It shows how we compile the daily watchlists, provide due diligence info (Canslim Evaluator, Industry Charts, list of Industry Components, etc.), and generate the intraday alerts themselves. We make some of the components, such as the our general charts (with RSRank, U/D ratio, RSLine plotted over time) and the Canslim Evaluator (and imbedded links to our Industry charts and components), available to the CANSLIM list members in limited use as a thanks to those who contribute here. You can also access the forums where there are more general tutorials on subjects such as using RSLines, etc. For the CANSLIM list members: Charts link: http://www.cwhcharts.com/charts/kmchart.php Canslim Evaluator link: http://www.cwhcharts.com/canslim/ You'll notice I use my own charts when annotating my analysis of a stock. That's something Mike developed for me (even before I joined the site) after DailyGraphs Online (DGO) threatened me with legal action for making original annotations on *their* charts and posting them here on the public CANSLIM list. Necessity is ever the mother of invention! That's also our motivation to make our charts available to members here, so that they can feel to use them and annotate them to their heart's content without fear of retribution. If you have any specific questions, please be sure to take them offlist. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of jeffwdc Sent: Wednesday, May 28, 2003 4:22 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] BO, too fast too much Hi Katherine, Thanks for all the info. you published over the weekend! You mention a Breakout Alert Service. May I ask the name of this service? I'm not ready to subscribe, but it would be nice to know for the future. Best Regards, jeff gasta - --- Katherine Malm wrote: > Hi Tomas, > > I think there are a few different options if you > can't monitor the market > intraday. > > These require that you first select the stocks that > you want to monitor for > breakout, so if something moves that was not on your > radar, then you will > not see it: > > (1) As Bill suggested, set up a buy stop/limit > order. This will be executed > based on price, so you still have to check in > sometime before the end of the > day to ensure that the volume requirements were also > met. If not, then you > have to be willing to sell the position. > > (2) Use an alert system (broker based or stand > alone) that allows you set > price alerts and then sends them to your phone, text > based pager or wireless > PDA. You have to preset the stocks you wish to > monitor and you will have to > be able to interrupt your business at hand to check > in on the market and > make the trade if the projected volume is > sufficient. > > (3) Check in on the market at lunch. If the stocks > you are watching are > nearing a breakout at that point, place a market > order or a buy stop/limit > order. If using a buy stop then you'll need to check > actual volume at day's > end and sell if necessary as with option 1. > > This allows you to look for possible breakouts, even > if the stock wasn't > originally on your radar. The easiest way to find > these is to look for > stocks that close up on the day on volume >=150% of > ADV (either by using the > "Where the Big Money is Flowing" or a technical > program that lets you scan > for stocks): > > (4) Wait until day's end to find stocks that have > broken out and are still > within range (<5%). Advantage is that you will be > able to see the actual > volume in order to confirm the BO. The disadvantage, > as you noted is that > the stock may very well be extended beyond the > buying range and you'll have > to pass and/or wait to see if it pulls back and > provides a second chance > entry. > > This last option does not require that you already > have a stock on your > radar in order to see an attempted breakout > intraday: > > (5) Use a breakouts alert service (there's only one) > that automatically > sends out an intraday alert when a stock in a basing > pattern is breaking > out. This can go to your email, text based pager or > wireless PDA address. > The advantage over any of the other options is that > you do not have to seek > out the stock in question to determine if it is > setting up and when/if it > attempts an intraday breakout, you will be notified. > As with option 1, > however, the intraday alerts are based on projected > volume, so if you choose > to execute an order and end of day volume does not > pan out, you'll have to > be willing to sell the position. Alternately, you > can wait until near > mid-day or near market close to make a buy decision, > but then you risk > missing the breakout price window. > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Bill Triffet > Sent: Wednesday, May 28, 2003 9:46 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] BO, too fast too much > > > Ah the proverbial problem for us folks with > non-investment jobs... > > In the past, When a nice handle has formed, I'd make > a buy/limit order just > above the pivot. I'd then check to see if it > executed. If it did, I'd check > to see if volume is sufficient. If the volume is > low, I'd immediately sell. > > I've also been setting hard stops immediately after > the buy as I've not been > able to track the market as much during the day. > > -- > Bill > > -------Original Message------- > From: Tomas > Sent: 05/27/03 08:55 PM > To: canslim canslim > Subject: [CANSLIM] BO, too fast too much > > > > > Looks like USNA BO from a nice tight flat base > today. > I have been eyeing this stocking, trying to get in > for > awhile. But it is too late at the end of the day > since it rose ~14% today. So, my question is how do > you get a position in when the BO is so strong and > so > fast? I can't be looking at stocks every minute of > the day. > > How do some of you guys do it? Set email alerts? > Maybe something else? How has your alert system > been > working for ya? Any other suggestion? > > Thanks, > tomas > > __________________________________ > Do you Yahoo!? > Yahoo! Calendar - Free online calendar with sync to > Outlook(TM). > http://calendar.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #3339 ****************************** 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.