RE: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02

From: "Tangen, Eric" <tangene@tycoelectronics.com>
Subject: RE: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02
Date: Tue, 29 Jan 2002 12:16:21 -0500

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Tom,
To answer your questions:

1. Data includes Monday's close.

2. Initial filter is stocks with a min of 50k for daily volume (50 day
average)...its about 1300 stocks. 

3. Without going into too many details, I'm looking for the price-volume
action prior to or just at the beginning of a breakout. In this dataset, new
highs would be considered too far extended in this scan and ignored. 

4. I'll check out LB, ELTE, PCIS, and AIRM.


ERIC TANGEN




- -----Original Message-----
From: Tom Worley [mailto:stkguru@netside.net]
Sent: Tuesday, January 29, 2002 10:36 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02


Eric,

You don't mention when you generated this list, but assuming it included
yesterday's trading, it seems to miss the small caps. Are you filtering
these out on price / volume? Some examples from yesterday include LB and
ELTE.

Also, will this pick up b/o that don't set a new high? (examples: PCIS,
AIRM).

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "Tangen, Eric" <tangene@tycoelectronics.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, January 29, 2002 11:08 AM
Subject: [CANSLIM] Candidate List: ETsPVWwSNC 1/28/02


> Hello All,
>
> After about 6 months of development, I've developed a breakout scanning
> capability based entirely on statistics of price and volume.
>
> ETsPVWwSNC is a scan I've developed; it stands for ET's Price Volume
Winners
> with Serious Number Crunching.
>
> The only thing that is CANSLIM related to this methodology is that it is
> looking for a breakout. No fundies, no cup and handles, little to no chart
> pattern reading, no scan for % institutional sponsorship, etc.
>
> I'm not going to divulge the details of my work - too much time and effort
> went into this to give it away. And its still a work in progress. I've got
> some serious backtesting I've got to code up for - I can't quote you a
> figure for the reliability of these breakouts.
>
> For now, I will share ticker symbols.
>
> Here's yesterdays results:
>
> Monday - 01/28/02
> ACE
> AMZN
> CTX
> LTD
> MERQ
> PSSI
> PX
> SGM  (my favorite chart of the bunch)
> TVLY
> WY
>
> I'm neutral to somewhat positive on the broad market averages.
>
> ERIC TANGEN
>
>
>
>
>
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