Go to Jeff Salisbury LWGate Home Page.From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Bulkowski re: patterns besides C&H
Date: Tue, 8 Jan 2002 22:14:03 +0100
Next Article (by Author): AW: [CANSLIM] DFXI Andreas Himmelreich
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Well, I like the Flat Base the most, Then the Flag pattern, and then the CWH. > -----Ursprungliche Nachricht----- > Von: Warren Keuffel [SMTP:wkeuffel@xmission.com] > Gesendet am: Tuesday, January 08, 2002 8:26 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Bulkowski re: patterns besides C&H > > Katherine, > > I am not an experienced or particularly successful CANSLIM investor, but > am learning fast -- particularly due to this great list. But with that > caveat out of the way, here's my take on the matter. Of necessity, > CANSLIM has to be a fairly simple (ha!) system so that it can be applied > by a wide range of IBD readers -- let's face it, IBD and CANSLIM need > each other for both to prosper. For more sophisticated investors, who > understand what the rules are *before* they consider breaking them, I > suspect that the fundamental analysis aspects of CANSLIM *can* be > applied successfully using other technical patterns besides the C&H. > WON can't do that because he needs to keep his system simple enough to > explain in short newspaper articles. > > Bottom line: I am planning to look for opportunities to apply B's > patterns but I am going to continue to make my focus the C&H pattern, at > least until I understand the other patterns as well as I am beginning to > understand the C&H. > > Thanks for your observations. > Warren > > Katherine Malm wrote: > > > Well, Warren, you've managed the $1m question. So here's my current > > "take" on it--During strongly trending Bulls where everything is > > rising, buying stocks near their 52 wk highs coming out of C&H or flat > > base consolidations is fine and dandy. This assumes that any > > correction will be followed by more up-movement as the stock changes > > hands. It also assumes that earnings will continue to be good and will > > grow at current or higher rates. > > > > > > > > Then there's the market coming off the bottom of an Ursa Major > > correction. Earnings estimates and growth rates have been coming down, > > prices have been coming down, every stock gets punished, most every > > stock gets its outlook revised downward, all stocks in all "previously > > overvalued" industries all get hit. But, there are plenty of stocks in > > this shape that were hit too hard, their earnings outlook is now > > improving, the economy appears to be turning around, and in certain > > cases, these stocks have strong competitive advantage, strong > > products/services, and more importantly strong balance sheets. This is > > a long winded way to get here....but if the earnings growth estimates > > have been slashed too low, then the prices have been slashed too low. > > I'd say the next move for these kinds of stocks is up, and in some > > cases, it will actually precede the earnings evidence. Wait for the > > B/O of a C&H near the old highs and miss out on all the fun! er, profits! > > > > > > > > This is definitely not "party line." But if I have a good quality > > CANSLIM stock that fits all the requirements, where in CANSLIM does it > > tell me I can't use other technical patterns? Without Bulkowski, I > > wouldn't have figured that out, however. Now, don't you dare reveal > > that I'm working on the edges of CANSLIM or I'll get kicked off the > > list! Hah! > > > > > > > > Tell me your thoughts on this... > > > > > > > > Katherine > > > > ----- Original Message ----- > > > > From: Warren Keuffel <mailto:wkeuffel@xmission.com> > > > > To: canslim <mailto:canslim@lists.xmission.com> > > > > Sent: Tuesday, January 08, 2002 11:38 AM > > > > Subject: [CANSLIM] Bulkowski re: patterns besides C&H > > > > > > Katherine, > > > > My copy of Bulkowski arrived yesterday and (like others) I was > > mightily > > impressed. I was particularly intrigued by his analysis of C&H > > patterns, particularly in how O'Neill's example was not actually a > > C&H! > > But what I am writing you about specifically is to inquire > > whether you > > have applied B.'s pattern analysis to other patterns observed in > > stocks > > you trade? Seems to me that, if B's research and analysis is > > accurate, > > that we would do well to have more arrows in our quivers than just > > C&H. > > > > Thanks, > > Warren > > > > > > - > > -To subscribe/unsubscribe, email " majordomo@xmission.com > > <mailto: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.
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