Go to Jeff Salisbury LWGate Home Page.From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Introduction
Date: Wed, 13 Feb 2002 17:51:49 +0100
Next Article (by Subject): LLUR (Re: [CANSLIM] Introduction) "Rob Miller"
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Hello Rob, great to have you on the list !!! I did the same decistion in August (investing full time), so far with = only=20 mixed results, better then before, but not where I want to be. The problem for me was that I startet to look into new Strategies (like=20 Canslim, Vector Vest stuff, Mark Boucher Stuff), but had not a lot of experience with them. But I put my strategy book together and Canslim is only part of it, = since=20 it can not be applied to the market all the time since Canslim says stay in = cash=20 if the rally is broken (like now). Right now I am short on QQQ and on the Dax. The second problem is: Get your Psycho path right, because sooner or = later=20 you HAVE TO make money, otherwise your out of business. If you love to be what you are (full time=20 investor/trader), then this can build up a hell of a pressure at least that happened to me. Its much better now, but not=20 perfect. I do not wish you luck (not all the luck in the world lets you survive = in=20 the markets), but I wish you that you have your strategy in place and that you have the dicipline to apply it. Also have a look here http://groups.yahoo.com/group/ChasRichards/ and = here=20 http://groups.yahoo.com/group/HeadsUpModule/ if you want to get some good information about timing the market. Investor = Businss=20 Daily (www.investors.com) seems to time the market very well also. See you Andreas P.S. Just to let you know I live in Germany, so do not wonder about = really=20 scary hours I send emails ;-) > -----Urspr=FCngliche Nachricht----- > Von: Rob Miller [SMTP:rmiller2@carolina.rr.com] > Gesendet am: Tuesday, February 12, 2002 10:29 PM > An: canslim@lists.xmission.com > Betreff: [CANSLIM] Introduction > > Hello All, > > I subscribed a few weeks ago but thought I would listen for a while=20 before > introducing myself. An interesting group. I'm not new to investing = or > CANSLIM, though I did stray for a while. I became interested in = CANSLIM > about six years ago. After practicing CANSLI (M seemed irrelevant at=20 that > time) for a couple of years, I began to ignore fundamentals just as = the > market ignored them. I am well versed in technicals and that became = the > hallmark of my strategy for the last year of the bull market. = Somewhat > coincidentally, I got out of the market in March 2000 just before the=20 Nasdaq > fell apart. The coindicence is that although I saw signs of a market = top, > I went to cash for a different reason...vacation. Yes the market fell = apart > while I was on vacation. I have been largely out of the market ever=20 since, > with only a few trades along the way. I had also just finished = college=20 and > was at my new career for only 9 months at the time. I have since = devoted > more time to my career and less to personal investing. That has all=20 changed > now. Last week I quit my job. After almost three years as an = investment > analyst (primarily mutual funds and retirement accounts) at a small=20 startup > firm, I decided that the promise of higher pay in the future was no=20 longer > enough. I said "show me the money," and they said "we don't have = any." > Also, while mutual fund analysis is surpisingly challenging and fun, = my=20 real > interest is in stocks. So here I am, investing full time, at least > temporarily. > > Now for a question. I tried to look this up in the archives, but I = can't > get the archives to work. How does the LLUR chart pattern fit the=20 CANSLIM > mold and how do you adapt the entry and exit methods? I don't recall=20 ever > hearing O'Neil mention this chart. Is this a generally accepted=20 exception > to the basic chart patterns that O'Neil promotes? It's an intriguing > pattern given the lack of good bases out there, though it seems to go > against the basic CANSLIM buying philosophy. > > Rob Miller > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -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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