Re: [CANSLIM] Flat bases - a question regarding searching

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] Flat bases - a question regarding searching
Date: Wed, 28 Aug 2002 16:31:18 -0700 (PDT)

Previous Article (by Author): [CANSLIM] cwhcharts.com "Edward W. Gjertsen II"
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Kelly,

I am not sure about any free search engines which will
give you that.  

Before you scan for stocks like that you have to
define how long and wide you want the rectangle (base)
to be. If you decide you would accept a base with a
width of 10% and a length of 30 days, you should scan
for stocks where the high of the last 30 days is no
more than 10% higher than the low of the last 30 days.
 You can write a scan like this easily in Quotes-Plus
and probably and scanning/charting package which give
you basic screening filters.

- - Fanus


- --- Kelly Short <kelly.short@tx.us.neoris.com> wrote:
> I have a technical (computer) question regarding
> searching for flat bases. I have uploaded two
> examples of charts the formed extreme bases before
> moving up.
> 
> <http://www.kellyrshort.com/canslim/fcbp.gif>
> <http://www.kellyrshort.com/canslim/ozrk.gif>
> 
> How would you create a search for this type of stock
> (feel free to suggest a specific search engine if it
> is free)? I tried creating a search with MSN's
> Moneycentral Power Search that went something like
> this:
> 
> Today's low within 5% of Last Week close
> Today's low within 5% of Last Month close
> Today's low within 5% of Last Qtr's close
> 
> What I got was something that looked like either
> McDonald's arches or "UW". I would greatly
> appreciate anyone's thoughts on this matter, even if
> that includes comments such as "Kelly- stop wasting
> your time"
> 
> -
> -To subscribe/unsubscribe, email
> "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your
email.


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