RE: [CANSLIM] BO, too fast too much

From: Roger Tawa <roger@tawacentral.net>
Subject: RE: [CANSLIM] BO, too fast too much
Date: Thu, 29 May 2003 22:32:00 -0400
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Hi Eric,

I think Katherine and Mike do not promote their site on this email list
because that would be against the rules of the list.  However, being a
satisfied subscriber to cwhcharts.com, I would like to say a few words of my
experience using it.

Their charts are simple and to the point, and geared especially for
canslimers.  Nothing more, nothing less, only what you need.  I think this
is important when you try to concentrate on what is really essential.

As for the CE, its more than just a "score".  The is a web page that puts
all of the most pertinent canslim-related info in one place.  You can
probably put together all the info you find here from free sources on the
net, but you probably save an order of magnitude time and effort using the
CE.

I also like the "reverse" approach, which is to find CwH charts first, and
then examine the fundies.  It seems to me (but I'm a newbie) that the more
standard approach is to look for stocks with great fundies, and then wait
for them to form CwHs.  Again, I think this reverse approach is a big time
saver, but you need to see if it suites your investment style.

For me, the bottom line is a question of time vs money.  Yes it costs me
some dollars, but the huge time savings is worth the cost.

=================================================
Roger Tawa
http://tawacentral.net/
[One thing about paradigms: shift happens.]
[When you stop, you're done.]

 -----Original Message-----
From: 	owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]  On Behalf Of Tomas
Sent:	Thursday, May 29, 2003 11:52 AM
To:	canslim@lists.xmission.com
Subject:	RE: [CANSLIM] BO, too fast too much

I would like to back up Eric's statement.  I stumble
on cwhcharts.com when I first started, and it has
helped me out quite a bit.  I am currently not a
member (maybe later after I do the leg work and learn
everything manually first).  However, I have been
using their charts and CS evaluator, and those tools
are great.

My hats off to Katherine and Mike G. for their great
job.

tomas


- --- Eric Jaenike <ericjaenike@yahoo.com> wrote:
> 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
>
=== message truncated ===


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