Re: [CANSLIM] Bulkowski re: patterns besides C&H

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
Date: Tue, 8 Jan 2002 19:58:24 -0500

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I like, the cwh, double bottoms but catching it early with TA's, rising
triangle, and flat bases. God, did I miss any?

DanF


 ----- Original Message -----
From: "Andreas Himmelreich" <judgejimmy@web.de>
To: <canslim@lists.xmission.com>
Sent: Tuesday, January 08, 2002 4:14 PM
Subject: AW: [CANSLIM] Bulkowski re: patterns besides C&H


> 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
> > >
> > >
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> >
> >
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