Re: [CANSLIM] New to the group

From: Spencer48@aol.com
Subject: Re: [CANSLIM] New to the group
Date: Fri, 24 Jan 2003 12:49:47 EST

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Christian:

     I analyze stocks this way:  I first look at fundamentals, and if they 
pass WON's tests (esp. Earnings, Sales, ROE), I then look at the chart.  If 
the stock is forming a base or is about to Break Out and the RS line looks 
steepish or is in a strong divergence (for example, I compare the RS line on 
the left lip with the RS line it on the right lip) I put the stock on a stock 
list of stocks to watch.  

     Then I will analyze it more thoroughly using some technicals indicators 
(such as rate of change, MACD or Stoch (depending on if I think the stock is 
in a trend or not).  If everything looks favorable, I will wait till the 
stock Breaks Out, and then will buy it.  

     Katherine, I believe, is on the mark.  And this is something I wish that 
I would remember (as easily as remembering that my left hand is on my left):  
Check the leading stocks in the leading industries (a recent investors corner 
noted how to find leading stocks in leading industries).  If this were a 
perfect world, I would do this before analyzing the technical indicators; 
however, as I said, sometimes I forget.  

     Leading stocks in leading industries are reliable guidepost as to 
telling if one should sell, and also if one should buy.

jans

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