Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] HTMMIS and M
Date: Fri, 5 Apr 2002 07:07:04 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_002A_01C1DC70.7D72ADC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi John, I can't remember a specific reference source (jans seems to be good at = that), but I've always been taught that part of reading the health of = the market from a CANSLIM point of view is not only to read the index = averages, but also to follow the strength, follow through and number of = recent CANSLIM breakouts. I don't know that there's a specific number = quoted, but since the last follow-through day, we've had a paltry few = high quality stocks breaking out, many have failed and/or kissed their = pivots repeatedly, and most of the CANSLIM universe is still building = bases. I think the difference between what I've been seeing lately and = what we saw over the last couple of years is that, even when these = breakouts "fail" they seem to be falling back close to the pivot and = building a new (shorter) consolidation, rather than just completely = tanking and falling into oblivion. In my own watchlist, the number of possible candidates has stayed steady = since the previous FTD* 9/28/02, rather than consistently diminishing in = number as it had been doing for a couple of years. That leaves me = encouraged, though being patient and persistent in following these = stocks while they build a base is testing me in a *big* way!!! Katherine *FTD =3D O'Neil Follow Through Day, for the newbies ----- Original Message -----=20 From: Cefaloni, John L Jr. [AMSTA-AR-WEA]=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 05, 2002 6:44 AM Subject: [CANSLIM] HTMMIS and M I haven't read HTMMIS in a long time (still waiting for the next = edition), but I seem to recall a guideline that says that if you stop out on 3 = good CANSLIM stocks, it's an indication that you should take a break from = the market for a few weeks. Does anyone else remember that, or am I thinking of a different source = other that HTMMIS? John C. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_002A_01C1DC70.7D72ADC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi John,</DIV> <DIV> </DIV> <DIV>I can't remember a specific reference source (jans seems to be good = at=20 that), but I've always been taught that part of reading the health of = the market=20 from a CANSLIM point of view is not only to read the index averages, but = also to=20 follow the strength, follow through and number of recent CANSLIM = breakouts.=20 I don't know that there's a specific number quoted, but since the last=20 follow-through day, we've had a paltry few high quality stocks breaking = out,=20 many have failed and/or kissed their pivots repeatedly, and most of the = CANSLIM=20 universe is still building bases. I think the difference between what = I've been=20 seeing lately and what we saw over the last couple of years is that, = even when=20 these breakouts "fail" they seem to be falling back close to the pivot = and=20 building a new (shorter) consolidation, rather than just completely = tanking and=20 falling into oblivion.</DIV> <DIV> </DIV> <DIV>In my own watchlist, the number of possible candidates has stayed = steady=20 since the previous FTD* 9/28/02, rather than consistently = diminishing in=20 number as it had been doing for a couple of years. That leaves me = encouraged,=20 though being patient and persistent in following these stocks while they = build a=20 base is testing me in a *big* way!!!</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <DIV> </DIV> <DIV>*FTD =3D O'Neil Follow Through Day, for the newbies</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Djohn.cefaloni@us.army.mil=20 href=3D"mailto:john.cefaloni@us.army.mil">Cefaloni, John L Jr.=20 [AMSTA-AR-WEA]</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 05, 2002 = 6:44=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] HTMMIS and = M</DIV> <DIV><BR></DIV>I haven't read HTMMIS in a long time (still waiting for = the=20 next edition),<BR>but I seem to recall a guideline that says that if = you stop=20 out on 3 good<BR>CANSLIM stocks, it's an indication that you should = take a=20 break from the<BR>market for a few weeks.<BR><BR>Does anyone else = remember=20 that, or am I thinking of a different source other<BR>that = HTMMIS?<BR><BR>John=20 C.<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_002A_01C1DC70.7D72ADC0-- - - - -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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