Re: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders
Date: Tue, 6 Aug 2002 20:10:18 -0700
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Hi Mike,

Yet another great little tool there. Seems to me one would only need to use
it maybe once a week or so to fish for candidates so hopefully your server
won't take a beating. I would guess that you may experience some heavy use
at first till folks "dial in" their prefered settings. Once again, great
job!

- -Bill


- ----- Original Message -----
From: "Mike Gibbons" <mikegibbons@proactech.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 06, 2002 5:15 PM
Subject: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders


> 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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