Re: Fw: [CANSLIM] For Tom W.

From: Fanus <fanus13@yahoo.com>
Subject: Re: Fw: [CANSLIM] For Tom W.
Date: Mon, 9 Sep 2002 09:04:22 -0700 (PDT)

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Wyndy

You clearly do not understand CANSLIM.  Yes, by
following CANSLIM we would have "missed" the bear
market. This is what CANSLIM is designed for. To be
long during bull markets and out during bear markets.
This is a long only strategy and not a short strategy.
 This was not a losing strategy. It did what is was
suppose to do.  And of course it is going to be wrong
sometimes by calling market bottoms. If you are
looking for a strategy with a 100% track record, well
you will not find it. 

To turn your arguement around, shorting stocks got you
killed during the bull market in 1998 and 1999. So I
guess this mean shorting doesn't work either?

You clearly doesn't like CANSLIM.  Why do you waste
your time trying to prove it doesn't work and don't
rather concentrate your efforts on finding something
you are comfortable with?  What do you gain by proving
something doesn't work?

- - Fanus

- --- Cwyndham@aol.com wrote:
> Katherine is it doom and gloom or truth and reality?
> Is your vision clouded 
> by the past? Certainly CANSLIM has been a losing
> strategy for most of  those 
> that have attemmpted it since mid 2000 (this I
> learned from private email 
> sent to me by members of this group). Oh, you're
> going to say IBD said to 
> stay out, well that's not true either. They've
> called several bottoms.  
> Staying in cash just means that most all of the IBD
> faithful lost a fantastic 
> opportunity to short the market, to say nothing
> about losing ground to 
> stealth inflation. The wavers have been totally on
> the ball for the past 2+ 
> years and their performance is public and well
> documented. You might check 
> them out instead of lumping them with others and
> scoffing at them. Whereas 
> IBD still hasn't responded to my registered letter. 
> 
> 
> Wyndy
> 
> In a message dated 9/8/2002 11:36:18 PM Central
> Daylight Time, 
> kmalm@earthlink.net writes:
> 
> 
> > 
> > Hi Gene,
> >  
> > I was referring to Prechter's stance on stock
> cycles and doom and gloom 
> > based on Elliott Wave analysis, so was
> tongue-in-cheek suggesting an 
> > economics text to balance the view. (I think his
> "Tidal Wave" Bear book 
> > came out in 95 or 96. Add him to the stack with
> Ravi Batra "The Great 
> > Depression of 1990" and, just to be fair, "Dow
> 36000" and "Dow 100000"). 
> > Either way, all things are possible.
> >  
> > Katherine
> > 
> 
> 

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