Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
Date: Tue, 8 Jan 2002 12:07:07 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0178_01C1983C.FE5AAE60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable 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 -----=20 From: Warren Keuffel=20 To: canslim=20 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=20 impressed. I was particularly intrigued by his analysis of C&H=20 patterns, particularly in how O'Neill's example was not actually a = C&H!=20 But what I am writing you about specifically is to inquire whether = you=20 have applied B.'s pattern analysis to other patterns observed in = stocks=20 you trade? Seems to me that, if B's research and analysis is = accurate,=20 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" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0178_01C1983C.FE5AAE60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4611.1300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Well, Warren, you've managed the $1m question. So here's my current = "take"=20 on it--During strongly trending Bulls where everything is rising, buying = stocks=20 near their 52 wk highs coming out of C&H or flat base consolidations = is fine=20 and dandy. This assumes that any correction will be followed by more = up-movement=20 as the stock changes hands. It also assumes that earnings will continue = to be=20 good and will grow at current or higher rates.</DIV> <DIV> </DIV> <DIV>Then there's the market coming off the bottom of an Ursa Major = correction.=20 Earnings estimates and growth rates have been coming down, prices have = been=20 coming down, every stock gets punished, most every stock gets its = outlook=20 revised downward, all stocks in all "previously overvalued" industries = all get=20 hit. But, there are plenty of stocks in this shape that were hit too = hard, their=20 earnings outlook is now improving, the economy appears to be turning = around, and=20 in certain cases, these stocks have strong competitive advantage, strong = products/services, and more importantly strong balance sheets. This is a = long=20 winded way to get here....but if the earnings growth estimates have been = slashed=20 too low, then the prices have been slashed too low. I'd say the next = move for=20 these kinds of stocks is up, and in some cases, it will actually precede = the=20 earnings evidence. Wait for the B/O of a C&H near the old highs and = miss out=20 on all the fun! er, profits!</DIV> <DIV> </DIV> <DIV>This is definitely not "party line." But if I have a good quality = CANSLIM=20 stock that fits all the requirements, where in CANSLIM does it tell me=20 I can't use other technical patterns? Without Bulkowski, I wouldn't = have=20 figured that out, however. Now, don't you dare reveal that I'm working = on the=20 edges of CANSLIM or I'll get kicked off the list! Hah!</DIV> <DIV> </DIV> <DIV>Tell me your thoughts on this...</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dwkeuffel@xmission.com = href=3D"mailto:wkeuffel@xmission.com">Warren=20 Keuffel</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, January 08, 2002 = 11:38=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Bulkowski = re: patterns=20 besides C&H</DIV> <DIV><BR></DIV>Katherine,<BR><BR>My copy of Bulkowski arrived = yesterday and=20 (like others) I was mightily <BR>impressed. I was particularly = intrigued=20 by his analysis of C&H <BR>patterns, particularly in how O'Neill's = example=20 was not actually a C&H! <BR> But what I am writing you about=20 specifically is to inquire whether you <BR>have applied B.'s pattern = analysis=20 to other patterns observed in stocks <BR>you trade? Seems to me = that, if=20 B's research and analysis is accurate, <BR>that we would do well to = have more=20 arrows in our quivers than just=20 C&H.<BR><BR>Thanks,<BR>Warren<BR><BR><BR>-<BR>-To = subscribe/unsubscribe,=20 email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0178_01C1983C.FE5AAE60-- - - - -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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