Go to Jeff Salisbury LWGate Home Page.From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders
Date: Tue, 6 Aug 2002 14:15:30 -1000
Next Article (by Subject): Re: [CANSLIM] Identifying NEW leaders "Tom Worley"
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MessageHere's a little tool that I offer to the group that will help mine
for these situations, whatever their merits.
My CwH engine normally looks for charts that fit the standard CwH criteria,
but an adaptation I've made of the engine will allow you to look for stocks
that zoomed past the left side of the cup and formed a higher than usual
pivot, even if only for 1 day.
Try overriding the default parameters in the attached link with ,say, a max
pivot of 120% (that means 20% above the left side cup rim) and a handle
length of 1 day.
http://www.cwhcharts.com/cs.php
The tool will only find stocks that have formed a pullback, even of only 1
day, so it can't find stocks that are not currently forming a handle (that
is 0 handle days).
This is a freebie for the group in return for the immense educational value
I get from being a member. It's only been tested within normal CwH ranges so
I'm not sure how well it will perform under wild assumptions. Let me know if
you find anything strange, if you find it useful, and what improvements
you'd like to see.
BTW, it does use extensive processing resources, so please be restrained in
its use. Some members were hitting the Canslim
Evaluator(http://www.cwhcharts.com/canslim) over 100 times a day so I had to
limit it to only 5 times per person per day.
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller
Sent: Tuesday, August 06, 2002 11:12 AM
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 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 Earnings Per Share Rating
Relative Price Strength Rating of at least 80, an Industry Group Relative
Strength Rating of at least "B-" and an 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 handle (+ $.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><TITLE>Message</TITLE>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Dus-ascii">
<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR></HEAD>
<BODY>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2><SPAN=20
class=3D790005223-06082002>Here's a little tool that I offer to the =
group that=20
will help mine for these situations, whatever their =
merits.</SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2><SPAN=20
class=3D790005223-06082002></SPAN></FONT> </DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2><SPAN =
class=3D790005223-06082002>My=20
CwH engine normally looks for charts that fit the standard CwH criteria, =
but an=20
adaptation I've made of the engine will allow you to look for stocks =
that zoomed=20
past the left side of the cup and formed a higher than usual pivot, even =
if only=20
for 1 day. </SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2><SPAN=20
class=3D790005223-06082002></SPAN></FONT> </DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2><SPAN =
class=3D790005223-06082002>Try=20
overriding the default parameters in the attached link with ,say, a max =
pivot of=20
120% (that means 20% above the left side cup rim) and a handle length of =
1=20
day.</SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2><SPAN=20
class=3D790005223-06082002></SPAN></FONT> </DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2><SPAN =
class=3D790005223-06082002><A=20
href=3D"http://www.cwhcharts.com/cs.php">http://www.cwhcharts.com/cs.php<=
/A></SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2></FONT> </DIV>
<DIV><SPAN class=3D790005223-06082002><FONT face=3DTahoma =
color=3D#0000ff size=3D2>The=20
tool will only find stocks that have formed a pullback, even of only 1 =
day, so=20
it can't find stocks that are not currently forming a handle (that is 0 =
handle=20
days).</FONT></SPAN></DIV>
<DIV><SPAN class=3D790005223-06082002><FONT face=3DTahoma =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D790005223-06082002><FONT face=3DTahoma =
color=3D#0000ff size=3D2>This=20
is a freebie for the group in return for the immense educational =
value I=20
get from being a member. It's only been tested within normal CwH ranges =
so I'm=20
not sure how well it will perform under wild assumptions. Let me know if =
you=20
find anything strange, if you find it useful, and what improvements =
you'd like=20
to see.</FONT></SPAN></DIV>
<DIV><SPAN class=3D790005223-06082002><FONT face=3DTahoma =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D790005223-06082002><FONT face=3DTahoma =
color=3D#0000ff size=3D2>BTW,=20
it does use extensive processing resources, so please be restrained in =
its use.=20
Some members were hitting the Canslim Evaluator(<A=20
href=3D"http://www.cwhcharts.com/canslim">http://www.cwhcharts.com/cansli=
m</A>)=20
over 100 times a day so I had to limit it to only 5 times per person per =
day.</FONT></SPAN></DIV>
<DIV><SPAN class=3D790005223-06082002><FONT face=3DTahoma =
color=3D#0000ff=20
size=3D2></FONT></SPAN><SPAN class=3D790005223-06082002><FONT =
face=3DTahoma=20
color=3D#0000ff size=3D2></FONT></SPAN> </DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2></FONT> </DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2>Mike =
Gibbons</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff size=3D2>Proactive =
Technologies,=20
LLC</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#0000ff=20
size=3D2>http://www.proactech.com</FONT></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Duke=20
Miller<BR><B>Sent:</B> Tuesday, August 06, 2002 11:12 AM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM] =
Identifying NEW=20
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. All I could conclude is it's =
really a=20
pattern that caters to good ol' IBD hindsight,=20
right? Buying as the stock breaks out past the left =
peak of=20
the handle (+ $.10) is risking that it's just setting up for a =
handle,=20
right? </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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Next Article (by Subject): Re: [CANSLIM] Identifying NEW leaders "Tom Worley"
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