Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Identifying NEW leaders
Date: Tue, 6 Aug 2002 17:16:09 -0400
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Correcting my post, sent in haste, I meant as it breaks out past the
left peak of the cup, not handle. Sorry.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller
Sent: Tuesday, August 06, 2002 5:12 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Identifying NEW leaders
WON did say that consumer groups might likely lead us out of the abyss.
And if you pulled up today's SOD, there's a good chance you almost fell
out of your chair as I did. It lists the top 20 Up/Down Volume leaders,
to wit:
This screen lists leading stocks in leading industries with an
<javascript:popup=window.open('../../ibdhelp/helpglossA.asp?helpID=423',
'help','width=375,height=200,directories=no,status=no,location=no,toolba
r=no,scrollbars=yes,resizable=yes,menubar=no,copyhistory=no,alwaysRaised
=1,dependent=yes');popup.focus()> up/down volume ratio of at least 1.0,
which indicates buying volume has exceeded selling volume in recent
months. The ratio can be found daily in IBD's Stock Checkup for all
stocks. Stocks shown have an
<javascript:popup=window.open('../../ibdhelp/helpglossA.asp?helpID=69','
help','width=375,height=200,directories=no,status=no,location=no,toolbar
=no,scrollbars=yes,resizable=yes,menubar=no,copyhistory=no,alwaysRaised=
1,dependent=yes');popup.focus()> Earnings Per Share Rating
<javascript:popup=window.open('../../ibdhelp/helpglossA.asp?helpID=153',
'help','width=375,height=200,directories=no,status=no,location=no,toolba
r=no,scrollbars=yes,resizable=yes,menubar=no,copyhistory=no,alwaysRaised
=1,dependent=yes');popup.focus()> Relative Price Strength Rating of at
least 80, an
<javascript:popup=window.open('../../ibdhelp/helpglossA.asp?helpID=493',
'help','width=375,height=200,directories=no,status=no,location=no,toolba
r=no,scrollbars=yes,resizable=yes,menubar=no,copyhistory=no,alwaysRaised
=1,dependent=yes');popup.focus()> Industry Group Relative Strength
Rating of at least "B-" and an
<javascript:popup=window.open('../../ibdhelp/helpglossA.asp?helpID=156',
'help','width=375,height=200,directories=no,status=no,location=no,toolba
r=no,scrollbars=yes,resizable=yes,menubar=no,copyhistory=no,alwaysRaised
=1,dependent=yes');popup.focus()> SMR Rating of "A." All stocks are
within 20% of a 52-week high.
There are three consumer products companies therein: BUD, DL, STZ, and
PG (that one made me fall out of my chair).
On another note, I've been absent a few days from the list, and in
reviewing it, I noted someone saying that a particular chart looked
pretty good, but it had no handle yet. Then I noted in today's
Investor's Corner, it's not totally necessary to have a handle. After
thinking about this and reviewing a few "handle-less" charts, all I
could conclude is it's really a pattern that caters to good ol' IBD
hindsight, right? Buying as the stock breaks out past the left peak of
the CUP(+ $.10) is risking that it's just setting up for a handle,
right?
Maybe we could name this new chart pattern "Cup with Craps" (as in
rolling the dice)!
Your roll....
Duke
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Chazmoore@aol.com
Sent: Tuesday, August 06, 2002 4:14 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Identifying NEW leaders
Rocky/Fanus: Can I jump in on this subject?
I have no background in the technology field and all of my chips come
out of a plastic bag, but more to the point I think the question is
where will new market leadership come from?
The other day when WON was interviewed by K&K, he suggested it may come
from the consumer group. My first reaction was negative. I can't see
Ladies handbags, blue jeans, and hot dogs leading the market out of this
mess. However, after talking to friends in the manufacturing business,
WON may be right. Most business leaders are in a state of shell shock.
They question the people that work for them, they question the
government that regulates them, and they are afraid of the stockholders
who pay them. With this kind of pressure who will be the first the
expand production or build that new plant. On the other hand consumers
really aren't that bad off no matter how much they complain. Even with
6% unemployment, 94% have jobs, are buying new homes and new cars and
are even taking a vacation this year.
After thinking about it I have to agree that new leaders will come from
consumers. After all they represent 2/3rd of the economy. I don't think
this necessarily means retail merchants will be our leaders, it may be
technology products designed for consumers.
I think we will know before the end of the year. Charley
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<HTML><HEAD>
<META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; =
charset=3Dus-ascii">
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<DIV><SPAN class=3D875241421-06082002><FONT face=3DArial>Correcting my =
post, sent in=20
haste, I meant as it breaks out past the left peak of the cup, not =
handle. =20
Sorry.</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Duke Miller<BR><B>Sent:</B> Tuesday, August 06, =
2002 5:12=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
Identifying NEW leaders<BR><BR></FONT></DIV>
<DIV><SPAN class=3D562590021-06082002><FONT face=3DArial>WON did say =
that consumer=20
groups might likely lead us out of the abyss. And if you pulled =
up=20
today's SOD, there's a good chance you almost fell out of your chair =
as I=20
did. It lists the top 20 Up/Down Volume leaders, to=20
wit:</FONT></SPAN></DIV>
<DIV><SPAN class=3D562590021-06082002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D562590021-06082002>This screen lists leading stocks =
in=20
leading industries with an <A=20
=
href=3D"javascript:popup=3Dwindow.open('../../ibdhelp/helpglossA.asp?help=
ID=3D423','help','width=3D375,height=3D200,directories=3Dno,status=3Dno,l=
ocation=3Dno,toolbar=3Dno,scrollbars=3Dyes,resizable=3Dyes,menubar=3Dno,c=
opyhistory=3Dno,alwaysRaised=3D1,dependent=3Dyes');popup.focus()"><FONT=20
color=3D#336699>up/down volume ratio</FONT></A> of at least 1.0, which =
indicates=20
buying volume has exceeded selling volume in recent months. The ratio =
can be=20
found daily in IBD's Stock Checkup for all stocks. Stocks shown have =
an <A=20
=
href=3D"javascript:popup=3Dwindow.open('../../ibdhelp/helpglossA.asp?help=
ID=3D69','help','width=3D375,height=3D200,directories=3Dno,status=3Dno,lo=
cation=3Dno,toolbar=3Dno,scrollbars=3Dyes,resizable=3Dyes,menubar=3Dno,co=
pyhistory=3Dno,alwaysRaised=3D1,dependent=3Dyes');popup.focus()"><FONT=20
color=3D#336699>Earnings Per Share Rating</FONT></A> <A=20
=
href=3D"javascript:popup=3Dwindow.open('../../ibdhelp/helpglossA.asp?help=
ID=3D153','help','width=3D375,height=3D200,directories=3Dno,status=3Dno,l=
ocation=3Dno,toolbar=3Dno,scrollbars=3Dyes,resizable=3Dyes,menubar=3Dno,c=
opyhistory=3Dno,alwaysRaised=3D1,dependent=3Dyes');popup.focus()"><FONT=20
color=3D#336699>Relative Price Strength Rating</FONT></A> of at least =
80, an <A=20
=
href=3D"javascript:popup=3Dwindow.open('../../ibdhelp/helpglossA.asp?help=
ID=3D493','help','width=3D375,height=3D200,directories=3Dno,status=3Dno,l=
ocation=3Dno,toolbar=3Dno,scrollbars=3Dyes,resizable=3Dyes,menubar=3Dno,c=
opyhistory=3Dno,alwaysRaised=3D1,dependent=3Dyes');popup.focus()"><FONT=20
color=3D#336699>Industry Group Relative Strength Rating</FONT></A> of =
at least=20
"B-" and an <A=20
=
href=3D"javascript:popup=3Dwindow.open('../../ibdhelp/helpglossA.asp?help=
ID=3D156','help','width=3D375,height=3D200,directories=3Dno,status=3Dno,l=
ocation=3Dno,toolbar=3Dno,scrollbars=3Dyes,resizable=3Dyes,menubar=3Dno,c=
opyhistory=3Dno,alwaysRaised=3D1,dependent=3Dyes');popup.focus()"><FONT=20
color=3D#336699>SMR Rating</FONT></A> of "A." All stocks are within =
20% of a=20
52-week high.</SPAN></DIV>
<DIV><SPAN class=3D562590021-06082002></SPAN> </DIV>
<DIV><SPAN class=3D562590021-06082002><FONT face=3DArial>There are =
three consumer=20
products companies therein: BUD, DL, STZ, and PG (that one made =
me fall=20
out of my chair).</FONT></SPAN></DIV>
<DIV><SPAN class=3D562590021-06082002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D562590021-06082002><FONT face=3DArial>On another =
note, I've=20
been absent a few days from the list, and in reviewing it, I noted =
someone=20
saying that a particular chart looked pretty good, but it had no =
handle=20
yet. Then I noted in today's Investor's Corner, it's not totally =
necessary to have a handle. After thinking about this and =
reviewing a=20
few "handle-less" charts<SPAN class=3D875241421-06082002>, a</SPAN>ll =
I could=20
conclude is it's really a pattern that caters to good ol' =
IBD=20
hindsight, right? Buying as the stock breaks out past =
the left=20
peak of the <SPAN =
class=3D875241421-06082002>CUP</SPAN>(+ $.10) is=20
risking that it's just setting up for a handle, right? =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D562590021-06082002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D562590021-06082002><FONT face=3DArial>Maybe we =
could name this=20
new chart pattern "Cup with Craps" (as in rolling the =
dice)! =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D562590021-06082002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D562590021-06082002><FONT face=3DArial>Your=20
roll....</FONT></SPAN></DIV>
<DIV><SPAN class=3D562590021-06082002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D562590021-06082002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<BLOCKQUOTE style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Chazmoore@aol.com<BR><B>Sent:</B> Tuesday, =
August 06,=20
2002 4:14 PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> Re:=20
[CANSLIM] Identifying NEW leaders<BR><BR></FONT></DIV><FONT=20
face=3Darial,helvetica><FONT size=3D2>Rocky/Fanus: Can I jump in on =
this=20
subject? <BR>I have no background in the technology field and all of =
my=20
chips come out of a plastic bag, but more to the point I think the =
question=20
is where will new market leadership come from? <BR>The other day =
when WON=20
was interviewed by K&K, he suggested it may come from the =
consumer=20
group. My first reaction was negative. I can't see Ladies handbags, =
blue=20
jeans, and hot dogs leading the market out of this mess. However, =
after=20
talking to friends in the manufacturing business, WON may be right. =
Most=20
business leaders are in a state of shell shock. They question the =
people=20
that work for them, they question the government that regulates =
them, and=20
they are afraid of the stockholders who pay them. With this kind of =
pressure=20
who will be the first the expand production or build that new plant. =
On the=20
other hand consumers really aren't that bad off no matter how much =
they=20
complain. Even with 6% unemployment, 94% have jobs, are buying new =
homes and=20
new cars and are even taking a vacation this year. <BR>After =
thinking about=20
it I have to agree that new leaders will come from consumers. After =
all they=20
represent 2/3rd of the economy. I don't think this necessarily means =
retail=20
merchants will be our leaders, it may be technology products =
designed for=20
consumers. <BR>I think we will know before the end of the year.=20
Charley</FONT> =
</FONT></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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