Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] M for Market
Date: Wed, 10 Apr 2002 16:32:24 -0500
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Hi Larry,
The WON party line is that you should focus your attention on the top =
20% of the 197 industry groups. (The rankings are derived from relative =
group action over the previous 6 months.) But there are numerous =
articles which have been in the IBD over time which suggest you should =
also watch industries moving quickly up the ranks. If I were to put a =
bottom line on it, I'd say that the ultimate goal is to focus your =
attention on the individual stocks that are strongest and are setting up =
in sound bases. To get there, you can focus on individual stock ratings =
such as EPS, RS, A/D and/or SMR or you can focus on strong and rising =
industries and then hone in on the strongest stocks in the group. Either =
way, it's just a means to an end. When looking at a high quality, strong =
stock, I wouldn't eliminate it if its industry strength were not in the =
top 20% as I don't see this as a hurdle but instead as a secondary =
indicator. At the same time, however, I wouldn't automatically assume =
that a stock in a top 20% industry is always healthy. Looking at the =
technical condition of all the stocks in the industry will give you an =
idea as to whether or not the stock and its group members are running =
out of gas.
Katherine
----- Original Message -----=20
From: larry l worden=20
To: canslim@lists.xmission.com=20
Cc: canslim@lists.xmission.com=20
Sent: Wednesday, April 10, 2002 11:22 AM
Subject: Re: [CANSLIM] M for Market
When looking at sectors, which is more important, 1day, 1week,
1month, 6mont, moving up in rank, IBD.s overall ranking? Any ideas? =20
thanks Larry
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<BODY bgColor=3D#ffffff>
<DIV>Hi Larry,</DIV>
<DIV> </DIV>
<DIV>The WON party line is that you should focus your attention on the=20
top 20% of the 197 industry groups. (The rankings are derived from =
relative=20
group action over the previous 6 months.) But there are numerous =
articles which=20
have been in the IBD over time which suggest you should also watch =
industries=20
moving quickly up the ranks. If I were to put a bottom line on it, I'd =
say that=20
the ultimate goal is to focus your attention on the individual stocks =
that are=20
strongest and are setting up in sound bases. To get there, you can focus =
on=20
individual stock ratings such as EPS, RS, A/D and/or SMR or you can =
focus on=20
strong and rising industries and then hone in on the strongest stocks in =
the=20
group. Either way, it's just a means to an end. When looking at a high =
quality,=20
strong stock, I wouldn't eliminate it if its industry strength were not =
in the=20
top 20% as I don't see this as a hurdle but instead as a secondary =
indicator. At=20
the same time, however, I wouldn't automatically assume that a stock in =
a top=20
20% industry is always healthy. Looking at the technical condition of =
all the=20
stocks in the industry will give you an idea as to whether or not the =
stock and=20
its group members are running out of gas.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dworden33@juno.com href=3D"mailto:worden33@juno.com">larry l =
worden</A>=20
</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>Cc:</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> Wednesday, April 10, 2002 =
11:22=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] M for =
Market</DIV>
<DIV><BR></DIV> When looking at sectors, =
which=20
is more important, 1day, 1week,<BR>1month, 6mont, moving up in rank, =
IBD.s=20
overall ranking? Any ideas? <BR> thanks =20
Larry<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>
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