Go to Jeff Salisbury LWGate Home Page.From: Eric Jaenike <ericjaenike@yahoo.com>
Subject: RE: [CANSLIM] BO, too fast too much
Date: Thu, 29 May 2003 07:28:19 -0700 (PDT)
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- --0-590837057-1054218499=:5801 Content-Type: text/plain; charset=us-ascii Katherine and all- I for one think you should be publicizing cwhcharts.com more, not less. Because you are conservative about doing that, let me take this opportunity to do it for you. I've looked through the site, and think it is an excellent resource, both for watch lists generation and analysis. Even if you find only one trade off that service per year, you will recoup the cost, and probably quite a bit more. I have no affiliation with that site nor with Katherine. I just like the work. Eric Katherine Malm <kmalm@earthlink.net> wrote: Hi Jeff, The breakout alert service (cwhcharts.com) is one that Mike Gibbons and I developed. My posts here on the list are as an individual CANSLIM investor, so while I mention the service in my reply to Tomas in order to give a complete overview of the options, you can probably understand why I didn't mention it by name. See it at www.cwhcharts.com. I've recently written a new "How to Use our Site" tutorial that gives an overview of using the service in either a 10 or 20 minute a day approach. See it by clicking on the "How to..." menu at the site. It shows how we compile the daily watchlists, provide due diligence info (Canslim Evaluator, Industry Charts, list of Industry Components, etc.), and generate the intraday alerts themselves. We make some of the components, such as the our general charts (with RSRank, U/D ratio, RSLine plotted over time) and the Canslim Evaluator (and imbedded links to our Industry charts and components), available to the CANSLIM list members in limited use as a thanks to those who contribute here. You can also access the forums where there are more general tutorials on subjects such as using RSLines, etc. For the CANSLIM list members: Charts link: http://www.cwhcharts.com/charts/kmchart.php Canslim Evaluator link: http://www.cwhcharts.com/canslim/ You'll notice I use my own charts when annotating my analysis of a stock. That's something Mike developed for me (even before I joined the site) after DailyGraphs Online (DGO) threatened me with legal action for making original annotations on *their* charts and posting them here on the public CANSLIM list. Necessity is ever the mother of invention! That's also our motivation to make our charts available to members here, so that they can feel to use them and annotate them to their heart's content without fear of retribution. If you have any specific questions, please be sure to take them offlist. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of jeffwdc Sent: Wednesday, May 28, 2003 4:22 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] BO, too fast too much Hi Katherine, Thanks for all the info. you published over the weekend! You mention a Breakout Alert Service. May I ask the name of this service? I'm not ready to subscribe, but it would be nice to know for the future. Best Regards, jeff gasta - --- Katherine Malm wrote: > Hi Tomas, > > I think there are a few different options if you > can't monitor the market > intraday. > > These require that you first select the stocks that > you want to monitor for > breakout, so if something moves that was not on your > radar, then you will > not see it: > > (1) As Bill suggested, set up a buy stop/limit > order. This will be executed > based on price, so you still have to check in > sometime before the end of the > day to ensure that the volume requirements were also > met. If not, then you > have to be willing to sell the position. > > (2) Use an alert system (broker based or stand > alone) that allows you set > price alerts and then sends them to your phone, text > based pager or wireless > PDA. You have to preset the stocks you wish to > monitor and you will have to > be able to interrupt your business at hand to check > in on the market and > make the trade if the projected volume is > sufficient. > > (3) Check in on the market at lunch. If the stocks > you are watching are > nearing a breakout at that point, place a market > order or a buy stop/limit > order. If using a buy stop then you'll need to check > actual volume at day's > end and sell if necessary as with option 1. > > This allows you to look for possible breakouts, even > if the stock wasn't > originally on your radar. The easiest way to find > these is to look for > stocks that close up on the day on volume >=150% of > ADV (either by using the > "Where the Big Money is Flowing" or a technical > program that lets you scan > for stocks): > > (4) Wait until day's end to find stocks that have > broken out and are still > within range (<5%). Advantage is that you will be > able to see the actual > volume in order to confirm the BO. The disadvantage, > as you noted is that > the stock may very well be extended beyond the > buying range and you'll have > to pass and/or wait to see if it pulls back and > provides a second chance > entry. > > This last option does not require that you already > have a stock on your > radar in order to see an attempted breakout > intraday: > > (5) Use a breakouts alert service (there's only one) > that automatically > sends out an intraday alert when a stock in a basing > pattern is breaking > out. This can go to your email, text based pager or > wireless PDA address. > The advantage over any of the other options is that > you do not have to seek > out the stock in question to determine if it is > setting up and when/if it > attempts an intraday breakout, you will be notified. > As with option 1, > however, the intraday alerts are based on projected > volume, so if you choose > to execute an order and end of day volume does not > pan out, you'll have to > be willing to sell the position. Alternately, you > can wait until near > mid-day or near market close to make a buy decision, > but then you risk > missing the breakout price window. > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Bill Triffet > Sent: Wednesday, May 28, 2003 9:46 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] BO, too fast too much > > > Ah the proverbial problem for us folks with > non-investment jobs... > > In the past, When a nice handle has formed, I'd make > a buy/limit order just > above the pivot. I'd then check to see if it > executed. If it did, I'd check > to see if volume is sufficient. If the volume is > low, I'd immediately sell. > > I've also been setting hard stops immediately after > the buy as I've not been > able to track the market as much during the day. > > -- > Bill > > -------Original Message------- > From: Tomas > Sent: 05/27/03 08:55 PM > To: canslim canslim > Subject: [CANSLIM] BO, too fast too much > > > > > Looks like USNA BO from a nice tight flat base > today. > I have been eyeing this stocking, trying to get in > for > awhile. But it is too late at the end of the day > since it rose ~14% today. So, my question is how do > you get a position in when the BO is so strong and > so > fast? I can't be looking at stocks every minute of > the day. > > How do some of you guys do it? Set email alerts? > Maybe something else? How has your alert system > been > working for ya? Any other suggestion? > > Thanks, > tomas > > __________________________________ > Do you Yahoo!? > Yahoo! Calendar - Free online calendar with sync to > Outlook(TM). > http://calendar.yahoo.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. __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.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. - --------------------------------- Do you Yahoo!? Free online calendar with sync to Outlook(TM). - --0-590837057-1054218499=:5801 Content-Type: text/html; charset=us-ascii <DIV>Katherine and all-</DIV> <DIV>I for one think you should be publicizing cwhcharts.com more, not less. Because you are conservative about doing that, let me take this opportunity to do it for you. I've looked through the site, and think it is an excellent resource, both for watch lists generation and analysis. Even if you find only one trade off that service per year, you will recoup the cost, and probably quite a bit more.</DIV> <DIV> </DIV> <DIV>I have no affiliation with that site nor with Katherine. I just like the work.</DIV> <DIV> </DIV> <DIV>Eric<BR><BR><B><I>Katherine Malm <kmalm@earthlink.net></I></B> wrote:</DIV> <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid">Hi Jeff,<BR><BR>The breakout alert service (cwhcharts.com) is one that Mike Gibbons and I<BR>developed. My posts here on the list are as an individual CANSLIM investor,<BR>so while I mention the service in my reply to Tomas in order to give a<BR>complete overview of the options, you can probably understand why I didn't<BR>mention it by name.<BR><BR>See it at www.cwhcharts.com. I've recently written a new "How to Use our<BR>Site" tutorial that gives an overview of using the service in either a 10 or<BR>20 minute a day approach. See it by clicking on the "How to..." menu at the<BR>site. It shows how we compile the daily watchlists, provide due diligence<BR>info (Canslim Evaluator, Industry Charts, list of Industry Components,<BR>etc.), and generate the intraday alerts themselves.<BR><BR>We make some of the components, such as the our general charts (with RSRank,<BR>U/D ratio, RSLine plotted over time) and the Canslim Evaluator (and imbedded<BR>links to our Industry charts and components), available to the CANSLIM list<BR>members in limited use as a thanks to those who contribute here. You can<BR>also access the forums where there are more general tutorials on subjects<BR>such as using RSLines, etc.<BR><BR>For the CANSLIM list members:<BR>Charts link: http://www.cwhcharts.com/charts/kmchart.php<BR>Canslim Evaluator link: http://www.cwhcharts.com/canslim/<BR><BR>You'll notice I use my own charts when annotating my analysis of a stock.<BR>That's something Mike developed for me (even before I joined the site) after<BR>DailyGraphs Online (DGO) threatened me with legal action for making original<BR>annotations on *their* charts and posting them here on the public CANSLIM<BR>list. Necessity is ever the mother of invention! That's also our motivation<BR>to make our charts available to members here, so that they can feel to use<BR>them and annotate them to their heart's content without fear of retribution.<BR><BR>If you have any specific questions, please be sure to take them offlist.<BR><BR>Katherine<BR><BR><BR>-----Original Message-----<BR>From: owner-canslim@lists.xmission.com<BR>[mailto:owner-canslim@lists.xmission.com]On Behalf Of jeffwdc<BR>Sent: Wednesday, May 28, 2003 4:22 PM<BR>To: canslim@lists.xmission.com<BR>Subject: RE: [CANSLIM] BO, too fast too much<BR><BR><BR>Hi Katherine,<BR><BR>Thanks for all the info. you published over the<BR>weekend!<BR><BR>You mention a Breakout Alert Service. May I ask the<BR>name of this service? I'm not ready to subscribe, but<BR>it would be nice to know for the future.<BR><BR>Best Regards, jeff gasta<BR><BR>--- Katherine Malm <KMALM@EARTHLINK.NET>wrote:<BR>> Hi Tomas,<BR>><BR>> I think there are a few different options if you<BR>> can't monitor the market<BR>> intraday.<BR>><BR>> These require that you first select the stocks that<BR>> you want to monitor for<BR>> breakout, so if something moves that was not on your<BR>> radar, then you will<BR>> not see it:<BR>><BR>> (1) As Bill suggested, set up a buy stop/limit<BR>> order. This will be executed<BR>> based on price, so you still have to check in<BR>> sometime before the end of the<BR>> day to ensure that the volume requirements were also<BR>> met. If not, then you<BR>> have to be willing to sell the position.<BR>><BR>> (2) Use an alert system (broker based or stand<BR>> alone) that allows you set<BR>> price alerts and then sends them to your phone, text<BR>> based pager or wireless<BR>> PDA. You have to preset the stocks you wish to<BR>> monitor and you will have to<BR>> be able to interrupt your business at hand to check<BR>> in on the market and<BR>> make the trade if the projected volume is<BR>> sufficient.<BR>><BR>> (3) Check in on the market at lunch. If the stocks<BR>> you are watching are<BR>> nearing a breakout at that point, place a market<BR>> order or a buy stop/limit<BR>> order. If using a buy stop then you'll need to check<BR>> actual volume at day's<BR>> end and sell if necessary as with option 1.<BR>><BR>> This allows you to look for possible breakouts, even<BR>> if the stock wasn't<BR>> originally on your radar. The easiest way to find<BR>> these is to look for<BR>> stocks that close up on the day on volume >=150% of<BR>> ADV (either by using the<BR>> "Where the Big Money is Flowing" or a technical<BR>> program that lets you scan<BR>> for stocks):<BR>><BR>> (4) Wait until day's end to find stocks that have<BR>> broken out and are still<BR>> within range (<5%). Advantage is that you will be<BR>> able to see the actual<BR>> volume in order to confirm the BO. The disadvantage,<BR>> as you noted is that<BR>> the stock may very well be extended beyond the<BR>> buying range and you'll have<BR>> to pass and/or wait to see if it pulls back and<BR>> provides a second chance<BR>> entry.<BR>><BR>> This last option does not require that you already<BR>> have a stock on your<BR>> radar in order to see an attempted breakout<BR>> intraday:<BR>><BR>> (5) Use a breakouts alert service (there's only one)<BR>> that automatically<BR>> sends out an intraday alert when a stock in a basing<BR>> pattern is breaking<BR>> out. This can go to your email, text based pager or<BR>> wireless PDA address.<BR>> The advantage over any of the other options is that<BR>> you do not have to seek<BR>> out the stock in question to determine if it is<BR>> setting up and when/if it<BR>> attempts an intraday breakout, you will be notified.<BR>> As with option 1,<BR>> however, the intraday alerts are based on projected<BR>> volume, so if you choose<BR>> to execute an order and end of day volume does not<BR>> pan out, you'll have to<BR>> be willing to sell the position. Alternately, you<BR>> can wait until near<BR>> mid-day or near market close to make a buy decision,<BR>> but then you risk<BR>> missing the breakout price window.<BR>><BR>> Katherine<BR>><BR>> -----Original Message-----<BR>> From: owner-canslim@lists.xmission.com<BR>> [mailto:owner-canslim@lists.xmission.com]On Behalf<BR>> Of Bill Triffet<BR>> Sent: Wednesday, May 28, 2003 9:46 AM<BR>> To: canslim@lists.xmission.com<BR>> Subject: Re: [CANSLIM] BO, too fast too much<BR>><BR>><BR>> Ah the proverbial problem for us folks with<BR>> non-investment jobs...<BR>><BR>> In the past, When a nice handle has formed, I'd make<BR>> a buy/limit order just<BR>> above the pivot. I'd then check to see if it<BR>> executed. If it did, I'd check<BR>> to see if volume is sufficient. If the volume is<BR>> low, I'd immediately sell.<BR>><BR>> I've also been setting hard stops immediately after<BR>> the buy as I've not been<BR>> able to track the market as much during the day.<BR>><BR>> --<BR>> Bill<BR>><BR>> -------Original Message-------<BR>> From: Tomas <TOMAS986@YAHOO.COM><BR>> Sent: 05/27/03 08:55 PM<BR>> To: canslim canslim <CANSLIM@LISTS.XMISSION.COM><BR>> Subject: [CANSLIM] BO, too fast too much<BR>><BR>> ><BR>> > Looks like USNA BO from a nice tight flat base<BR>> today.<BR>> I have been eyeing this stocking, trying to get in<BR>> for<BR>> awhile. But it is too late at the end of the day<BR>> since it rose ~14% today. So, my question is how do<BR>> you get a position in when the BO is so strong and<BR>> so<BR>> fast? I can't be looking at stocks every minute of<BR>> the day.<BR>><BR>> How do some of you guys do it? Set email alerts?<BR>> Maybe something else? How has your alert system<BR>> been<BR>> working for ya? Any other suggestion?<BR>><BR>> Thanks,<BR>> tomas<BR>><BR>> __________________________________<BR>> Do you Yahoo!?<BR>> Yahoo! Calendar - Free online calendar with sync to<BR>> Outlook(TM).<BR>> http://calendar.yahoo.com<BR>><BR>> -<BR>> -To subscribe/unsubscribe, email<BR>> "majordomo@xmission.com"<BR>> -In the email body, write "subscribe canslim" or<BR>> -"unsubscribe canslim". Do not use quotes in your<BR>> email.<BR>> ><BR>><BR>> -<BR>> -To subscribe/unsubscribe, email<BR>> "majordomo@xmission.com"<BR>> -In the email body, write "subscribe canslim" or<BR>> -"unsubscribe canslim". Do not use quotes in your<BR>> email.<BR>><BR>><BR>><BR>> -<BR>> -To subscribe/unsubscribe, email<BR>> "majordomo@xmission.com"<BR>> -In the email body, write "subscribe canslim" or<BR>> -"unsubscribe canslim". Do not use quotes in your<BR>email.<BR><BR><BR>__________________________________<BR>Do you Yahoo!?<BR>Yahoo! Calendar - Free online calendar with sync to Outlook(TM).<BR>http://calendar.yahoo.com<BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.<BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.</BLOCKQUOTE><p><hr SIZE=1> Do you Yahoo!?<br> Free <a href="http://us.rd.yahoo.com/mail_us/tag/*http://calendar.yahoo.com">online calendar</a> with sync to Outlook(TM). - --0-590837057-1054218499=:5801-- - - - -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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