[CANSLIM] Candidate List: ETsPVWwSNC 1/29/02

From: "Tangen, Eric" <tangene@tycoelectronics.com>
Subject: [CANSLIM] Candidate List: ETsPVWwSNC 1/29/02
Date: Wed, 30 Jan 2002 10:32:41 -0500

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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:

Tues - 01/29/02

ACE
CDN
EXPE
ISSX
ITW
PSSI 
TVLY
USAI
XRX (yes, the troubled document company made this scan - perhaps it might
qualify for the N in CANSLIM - new management (?).)

I'm very sour on the market averages until this whole accounting mess gets
staightened up.

Eric Tangen







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