Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] more breakouts
Date: Fri, 21 Mar 2003 10:41:57 -0600
Previous Article (by Author): RE: [CANSLIM] more breakouts michael_niemotka@baxter.com
Top of Thread: Re: [CANSLIM] more breakouts Peter Christiansen
Articles sorted by: [Date]
[Author]
[Subject]
Peter,
I'm sorry that in my original post I was not more specific, but
cwhcharts.com is a site that is owned and operated by Katherine Malm and
Mike Gibbons, who have been contributors to this list for a long time. Each
day they use a computer algorithm to select stocks setting up in cup with
handle patterns and then intraday automatically send out email alerts if a
stock hits its pivot point on projected volume of at least 150% of average
daily volume. In a healthy market, you see many quality stocks breaking out
of sound patterns, so I was commenting on the higher volume of e-mail
alerts that have happened over the last few days.
I have NO financial interest in this site, but would encourage anyone on
the list to check it out, because it has a wealth of knowledge about
CANSLIM for free, and also offers a free trial. In addition, because they
are list members, Mike and Katherine have given limited access to the
members of the list for certain areas of the site.
Mike
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Peter Christiansen"
<peter@turbo.cscoms.co To: canslim@lists.xmission.com
m> cc:
Sent by: Subject: Re: [CANSLIM] more breakouts
owner-canslim@lists.xm
ission.com
03/21/2003 10:20 AM
Please respond to
canslim
Excuse me, I haven't been on this list for quite some time. What is
"our site"? Is there a web site I should know about? Thank you.
Katherine Malm wrote:
>Hi Mike,
>
>For those that aren't familiar with our site methodology or terminology,
the
>stocks on the "WON" list are distinguished from those on other lists only
by
>whether or not they fit WON's strictest interpretation of a cup and handle
>setup. That is, WON's strictest requirements include a pivot within 15% of
>the 52 week high, a cup depth of no more than 33%, a handle droop of no
more
>than 15%, a non-laggard RS of at least 70, etc. However, using his more
>general guidelines, a cup and handle is still valid even if it sports a
bear
>depth of up to 60%, a handle droop of no more than 30%, a pivot setting up
>in the upper half of the base but not necessarily within 15% of the high,
>etc. So, of the 12 breakouts that have triggered today, while they do not
>meet the WON's most severe guidelines, they still meet his suggested
>guidelines for a valid cup and handle.
>
>What is far more important to me is the quality of the stocks setting up
as
>an indicator of market health. Of the 12 that have triggered a potential
>breakout today (hitting their pivot points on projected volume of at least
>150%), 10 of 12 come from what I call "the green zone." That is, out of
the
>entire universe of stocks, they have *both* fundamental and technical
scores
>that rank in the upper half of the maximum possible. In fact, 4 of the 12
>are from the triple green zone (highest possible), 6 of the 12 come from
the
>double green zone (2nd best). That's a key marker for me, because it says
>that CANSLIM quality stocks are the ones on the move rather than cyclical
>and defensive stocks, which has been the norm for such a very long time. I
>see this as very promising.
>
>Katherine
>
>-----Original Message-----
>From: owner-canslim@lists.xmission.com
>[mailto:owner-canslim@lists.xmission.com]On Behalf Of
>michael_niemotka@baxter.com
>Sent: Friday, March 21, 2003 9:17 AM
>To: canslim@lists.xmission.com
>Subject: [CANSLIM] more breakouts
>
>
>All,
>
>For anyone who is using the cwhcharts.com site, today there are already 8
>breakout alerts! Does this mean that M is finally taking off? I have
>noticed though that none of the recent ones are from the WON lists, and am
>wondering if that should be a reason for caution.
>
>Katherine, any comments?
>
>Thanks
>
>Mike
>
>Mike Niemotka , PE
>Sr. Principal Engineer
>Baxter Healthcare Corporation
>Route 120 & Wilson Road
>Round Lake, IL 60073
>Tel (847) 270-4075
>Fax (847) 270-4525
>michael_niemotka@baxter.com
>
>
>
>-
>-To subscribe/unsubscribe, email "majordomo@xmission.com"
>-In the email body, write "subscribe canslim" or
>-"unsubscribe canslim". Do not use quotes in your email.
>
>
>
>-
>-To subscribe/unsubscribe, email "majordomo@xmission.com"
>-In the email body, write "subscribe canslim" or
>-"unsubscribe canslim". Do not use quotes in your email.
>
>
>
>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Author): RE: [CANSLIM] more breakouts michael_niemotka@baxter.com
Top of Thread: Re: [CANSLIM] more breakouts Peter Christiansen
Articles sorted by: [Date]
[Author]
[Subject]