[CANSLIM] 1 Day Results: Candidate List: ETsPVWwSNC 1/28/02

From: "Tangen, Eric" <tangene@tycoelectronics.com>
Subject: [CANSLIM] 1 Day Results: Candidate List: ETsPVWwSNC 1/28/02
Date: Tue, 29 Jan 2002 17:45:01 -0500

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A pretty bad day for the markets and the ETsPVWwSNC list; PSSI is a clear
winner; LTD doing OK in down market - it never got near yesterday's close.
TVLY violated yesterday's close, yet closed up for the day; EXPE looks like
the stronger of these two stocks twins - it never went below yesterdays
close. (SGM is a bum ticker in Yahoo so I don't know what it did.)

The rest are downright ugly. 

To state the obvious, I expect slim pickings on the long slide after
tonight's scans.

Eric Tangen


- -----Original Message-----
From: Tangen, Eric 
Sent: Tuesday, January 29, 2002 10:09 AM
To: 'canslim@lists.xmission.com'
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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