Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] 50dma & chart reading
Date: Wed, 23 Apr 2003 07:10:05 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_0014_01C30967.5D7F2140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Duane, for over a year, and not long after I began trying to learn and = use CANSLIM, I watched for stocks where the 50 was crossing the 200 to = the upside, and evaluated that as a buy point over the next six months = or so. I did not find it to work for me, altho that was over a decade = ago, and there are probably far more technical traders today, as well as = ones just looking for a quick trade. I have consciously noted points = where the 50 crossed the 200 to the downside, but didn't find that was a = reliable sell signal. CANSLIM has many rules and indicators for both buy and sell points, I = found as a "system" that they were a better set of rules. - ----- Original Message -----=20 From: Duane Runnels=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, April 23, 2003 1:19 AM Subject: [CANSLIM] 50dma & chart reading I've been looking at a lot of charts recently and have a 50dma question, = that's not expressly canslim, but I wonder if any canslimers pay = attention to it. Can anyone comment on the importance of the 50dma, = especially when it crosses above the 200dma? Does this represent a = reliable buy signal in any system? Does anyone here give it any = importance? Would crossing below the 200dma represent a sell signal or = would it be too late? Thanks. - ------=_NextPart_000_0014_01C30967.5D7F2140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1141" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#fffcf0> <DIV><FONT face=3DArial>Duane, for over a year, and not long after I = began trying=20 to learn and use CANSLIM, I watched for stocks where the 50 was crossing = the 200=20 to the upside, and evaluated that as a buy point over the next six = months or so.=20 I did not find it to work for me, altho that was over a decade ago, and = there=20 are probably far more technical traders today, as well as ones just = looking for=20 a quick trade. I have consciously noted points where the 50 crossed the = 200 to=20 the downside, but didn't find that was a reliable sell = signal.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>CANSLIM has many rules and indicators for both = buy and=20 sell points, I found as a "system" that they were a better set of=20 rules.</FONT></DIV> <DIV> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Ddrunnels@kiva.net href=3D"mailto:drunnels@kiva.net">Duane = Runnels</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Wednesday, April 23, 2003 1:19 AM</DIV> <DIV><B>Subject:</B> [CANSLIM] 50dma & chart reading</DIV></DIV> <DIV><BR></DIV> <DIV><STRONG><FONT face=3DArial size=3D2>I've been looking at a lot of = charts=20 recently and have a 50dma question, that's not expressly canslim, but I = wonder=20 if any canslimers pay attention to = it. C</FONT></STRONG><STRONG><FONT=20 face=3DArial size=3D2>an anyone comment on the importance of the 50dma, = especially=20 when it crosses above the 200dma? Does this represent a reliable = buy=20 signal in any system? Does anyone here give it any = importance? =20 Would crossing below the 200dma represent a sell signal or would it be = too=20 late? Thanks.</FONT></STRONG></DIV></BODY></HTML> - ------=_NextPart_000_0014_01C30967.5D7F2140-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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