RE: [CANSLIM] more breakouts

From: michael_niemotka@baxter.com
Subject: RE: [CANSLIM] more breakouts
Date: Fri, 21 Mar 2003 10:20:15 -0600
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Katherine,

Thanks for the clarification.  I was thinking of adding it to my original
e-mail, but was not sure exactly what the criteria was, so rather than send
forth incorrect info, I opted to omit it.

Can you expand on what you mean my a double or triple green zone?  Do you
mean that they have good technical merit, as well has good CANSMLIM scores,
again from your site?

I am really pumped about the whole thing.

Also, since you sent the e-mail, you also issued an alert on VIP, which is
on the WON list!

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


                                                                                                                            
                    "Katherine Malm"                                                                                        
                    <kmalm@earthlink.net>         To:     canslim@lists.xmission.com                                        
                    Sent by:                      cc:                                                                       
                    owner-canslim@lists.xm        Subject:     RE: [CANSLIM] more breakouts                                 
                    ission.com                                                                                              
                                                                                                                            
                                                                                                                            
                    03/21/2003 10:10 AM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




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



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