Go to Jeff Salisbury LWGate Home Page.From: "J. Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders
Date: Wed, 7 Aug 2002 08:59:40 -0400
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MessageWell done Mike. Many thanks.
Jon
----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, August 06, 2002 8:15 PM
Subject: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders
Here'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.=20
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? =20
Maybe we could name this new chart pattern "Cup with Craps" (as in =
rolling the dice)! =20
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?=20
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?=20
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.=20
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.=20
I think we will know before the end of the year. Charley=20
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<DIV><FONT face=3DArial color=3D#0000ff>Well done Mike. Many =
thanks.</FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff>Jon</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #0000ff 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=3Dmikegibbons@proactech.com=20
href=3D"mailto:mikegibbons@proactech.com">Mike Gibbons</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> Tuesday, August 06, 2002 =
8:15=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Cups with Craps was =
RE:=20
[CANSLIM] Identifying NEW leaders</DIV>
<DIV><BR></DIV>
<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=20
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=20
an adaptation I've made of the engine will allow you to look for =
stocks that=20
zoomed past the left side of the cup and formed a higher than usual =
pivot,=20
even if only 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=20
of 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=20
size=3D2>This is a freebie for the group in return for the immense =
educational=20
value I get from being a member. It's only been tested within =
normal CwH=20
ranges so I'm not sure how well it will perform under wild =
assumptions. Let me=20
know if you find anything strange, if you find it useful, and what=20
improvements you'd like 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=20
size=3D2>BTW, it does use extensive processing resources, so please be =
restrained in its use. 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=20
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>=20
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=20
consumer groups might likely lead us out of the abyss. And if =
you=20
pulled up today's SOD, there's a good chance you almost fell out of =
your=20
chair as I did. It lists the top 20 Up/Down Volume leaders, to =
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=20
indicates buying volume has exceeded selling volume in recent =
months. The=20
ratio can be found daily in IBD's Stock Checkup for all stocks. =
Stocks shown=20
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=20
<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=20
consumer products companies therein: BUD, DL, STZ, and PG =
(that one=20
made me fall 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=20
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=20
this 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=20
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>=20
Re: [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 is where will new market leadership come from? <BR>The =
other day=20
when WON was interviewed by K&K, he suggested it may come from =
the=20
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.=20
However, after talking to friends in the manufacturing business, =
WON may=20
be right. Most business leaders are in a state of shell shock. =
They=20
question the people that work for them, they question the =
government that=20
regulates them, and they are afraid of the stockholders who pay =
them. With=20
this kind of pressure who will be the first the expand production =
or build=20
that new plant. On the other hand consumers really aren't that bad =
off no=20
matter how much they complain. Even with 6% unemployment, 94% have =
jobs,=20
are buying new homes and new cars and are even taking a vacation =
this=20
year. <BR>After thinking about it I have to agree that new leaders =
will=20
come from consumers. After all they represent 2/3rd of the =
economy. I=20
don't think this necessarily means retail merchants will be our =
leaders,=20
it may be technology products designed for consumers. <BR>I think =
we will=20
know before the end of the year. Charley</FONT>=20
</FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Subject): [CANSLIM] Expensing Stock Options "Tom Worley"
Previous Article (by Subject): Re: Cups with Craps was RE: [CANSLIM] Identifying NEW leaders "Bill Triffet"
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