Re: [CANSLIM] Why Professionals go astray

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] Why Professionals go astray
Date: Tue, 3 Sep 2002 20:16:49 -0700 (PDT)

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Wyndy

I do not understand the point you are trying to make.
You seems to doubt that CANSLIM is working and want to
see results. AAII made rules to try to simulate
CANSLIM. This is maybe not 100% CANSLIM, but is a good
mechanicl approach to CANSLIM. The fact that it doens
use the chart patterns should make it even more
impressive.  If they were to use the results from the
screen and filtered out the ones which doesn't mathc
the chart patterns, results probably would have been
better.  But you do not want to believe the results
based on strict and consistent rules. Yet you are
looking for backtested results based on subjective
interpretations based on chart formations. One person
will see a cup with handle and another one won't. You
cannot easily put chart formations in a mechanical
screen.  What will you learn from results from IBD, or
anyone one else which based their trading on a CANSLIM
approach based in their own interpretations?  Their
will be no way for you to repeat their results
exactly.

The bottom line is that CANSLIM is not a mechanical
screen. It is an investment method. As such there is
no one way you can produce historical results. Just
like you get Growth investing and Value investing. 
Within each one, you get many different approaches. 
You have to find the method working the best for you.
After reading HTMMIS you have to decide for yourself
if it make sense for you and if you are comfortable
with it.  If you don't, then don't use it. It is as
simple as that.  

No one here have to prove to you that CANSLIM work. 
It work for me and I am happy with it and if it
doesn't work for you and you don't like it, well
frankly, I don't care.  I will answer questions you
have about the methodology if I can, but I am not
going to provide you my broker statements, or any kind
of prove.

- - Fanus

- --- Cwyndham@aol.com wrote:
> In a message dated 9/3/2002 9:23:24 PM Central
> Daylight Time, 
> ffradrich@attbi.com writes:
> 
> 
> > Over 40 years ago, I started on the Street to
> become a security analyst.  
> > Fortunately, I had some great mentors and teachers
> as well as a bible, 
> > "Graham & Dodd's Security Analysis." Needless to
> say, I am still learning . 
> > . . Katherine has a unique insight into the market
> and what makes it tick.
> > 
> 
> Thank you. I don't know Katherine is she a trader.
> Have you seen her 
> performance in order to know that her results are
> good? I sent a registered 
> letter to IBD earlier today and have asked them for
> their performance data. 
> 
> OH! The AAII data is not CANSLIM traded. They don't
> buy or sell according to 
> chart
>
formations/patterns/breakouts/volume/handles/cups/saucers
> or anything 
> else. I have been an AAII member for 3 years, go
> check the way they trade. 
> Hope no one uses their CANSLIM data to substantiate
> the use of CANSLIM.
> 
> Wyndy
> 

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