Re: Re: [CANSLIM] breakouts to come

From: Bill Triffet <btriffet@earthlink.net>
Subject: Re: Re: [CANSLIM] breakouts to come
Date: Mon, 2 Jun 2003 09:22:09 -0700 (PDT)
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I use WR as a confirmation that I bought right. I like to see one of my buys show up there AFTER I've bought it. I also find those graphs tend to be "Monday morning quarterbacking". I think it's IBD's way of showing how you how a stock already broke out - not time to buy. I also find many of them have broken out of upwards trending handles which is troubling to me.

As far as the IBD100, I like to track #25-100 for increasing strength and a proper entry points. By design, most of the top will be already extended.

For list creation, I'd also do a quick scan of the daily updated stocks featured on the IBD site for possible setup/entry points.

Btw, the use of an offline charting tool such as Quotes Plus is a real time saver when you need to look at lots of stocks for list building. The charts pop up instantly allowing you to make quick end of day scans. Doing it online - even with a highspeed connection is much slower though you see them intraday. 

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Bill

 

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I was just going through the charts of IBD100 last night, and was thinking
the exact same thing.  Are there any other lists of high quality CANSLIM
stocks that should be scanned to check for proper price patterns?

Chris
  ----- Original Message ----- 
  From: Ann Hollingworth 
  To: CANSLIM Listserv 
  Sent: Monday, June 02, 2003 4:28 AM
  Subject: [CANSLIM] breakouts to come


  It seems to me, as I hunt through WR and IBD100, that there are a lot of 
overextended stocks, and not to many on the right side of their cup or
ready to break out.

  It would seem to me that there could be two reasons for this:

  1. The rally is going to wane.

  2. The WR and IBD100 do not produce stocks at this state of their
development.

  Any comments??

  Ann


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<DIV><FONT face=Arial size=2>I was just going through the charts of IBD100 last 
night, and was thinking the exact same thing.&nbsp; Are there any other lists of 
high quality CANSLIM stocks that should be scanned to check for proper price 
patterns?</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>Chris</FONT></DIV>
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A title=annholly@attbi.com href="mailto:annholly@attbi.com">Ann 
  Hollingworth</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com 
  href="mailto:canslim@lists.xmission.com">CANSLIM Listserv</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, June 02, 2003 4:28 AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] breakouts to 
come</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=Arial size=2>It seems to me, as I hunt through WR and IBD100, 
  that there are a lot of overextended stocks, and not to many on the right side 
  of their cup or ready to break out.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>It would seem to me that there could be two 
  reasons for this:</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>1. The rally is going to wane.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>2. The WR and IBD100 do not produce stocks at 
  this state of their development.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>Any comments??</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>Ann</FONT></DIV>
  <DIV>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>

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