RE: Re: [CANSLIM] breakouts to come

From: Kent Norman <kent_norman@yahoo.com>
Subject: RE: Re: [CANSLIM] breakouts to come
Date: Tue, 3 Jun 2003 18:22:58 -0700 (PDT)
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You can also use Wordpad and save it as a Rich Text Format (RTF)
file that any word processor can use.
The advantage to using Wordpad is that you can paste as may
items as you want and type notes above or below the picture.

One thing to note is the number of screen colors has a BIG
impact on file size. When I am using 32bit color an image is
775KB. By changing to 256 colors, it only takes 265KB.

If you decide to email the image, please compress it. Winzip or
Winrar can compress the 265K file to 12k, and the 775K to 17K.

Regards
Kent Norman

- --- Roger Tawa <roger@tawacentral.net> wrote:
> Hi Tomas,
> 
> Here is an even cheaper method (i.e. costs nothing) if you are
> running
> windows 2000 or windows xp.
> 
> 1. first make sure the window you want to capture is
> "selected".  Just click
> on the title bar to make sure
> 2. press Alt-Print Screen.  This copies the contents of the
> selected window
> to the clipboard
> 3. from the start menu, select "run...", type mspaint, and
> press OK
> 4. once the mspaint program has started, press Ctrl-V
> 
> there you go.  You can now save the picture.  On windows 2000,
> the only
> options to save are .bmp and .gif.  on xp, you have many more
> formats to
> choose from, including .jpg.
> 
> note that you don't have to use mspaint in step 3.  you can
> use your
> favourite drawing program.  Hope this helps.
> 
> =================================================
> 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
> Katherine Malm
> Sent:	Tuesday, June 03, 2003 7:57 PM
> To:	canslim@lists.xmission.com
> Subject:	RE: Re: [CANSLIM] breakouts to come
> 
> Hi Tomas,
> 
> I assume you are referring to saving a digital (JPEG) copy of
> the chart to
> which you can add your own annotations. If so, I use a screen
> capture
> program called CapturePro that allows you to capture an entire
> window, even
> if all the contents is not currently displayed on your screen.
> It's a
> modestly priced program that you'll find at
> www.creativesoftworx.com. There
> are other free and shareware screen capture programs, but not
> many of them
> allow you to capture an entire window out of view.
> 
> And yes, you are more than welcome to use, save, print and
> post the charts
> in any fair-use, non-commercial way as long as the copyright
> remains intact.
> 
> Katherine
> 
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tomas
> Sent: Tuesday, June 03, 2003 5:41 PM
> To: canslim@lists.xmission.com
> Subject: RE: Re: [CANSLIM] breakouts to come
> 
> 
> Yea, I am beginning to realize that IBD is not a very
> good mining tool.
> 
> Katherine, a question.  How do you save those charts
> to annotate?  I cannot seem to save the whole charts.
> I can only save one chart at a time.  I am referring
> to your cwhcharts.  Oh, I recalled you saying that it
> is ok to save your charts and annotate them, right?
> 
> Regards,
> tomas
> 
> --- Katherine Malm <kmalm@earthlink.net> wrote:
> > Hi Ann and all,
> >
> > I have to agree with Bill on this. By the time
> > something makes it to a list like
> > the WR or the IBD100, they've already *become* the
> > leaders. It makes a heck of a
> > lot more sense to catch them as they're *becoming*
> > leaders. That is, if RS>=85
> > is considered a leader, then how the heck did they
> > get there? They rose from a
> > lower RSRank to get there in the first place. If
> > they were rising in RSRank,
> > then they were *rising in price.* While looking for
> > outperformance to the market
> > and to other stocks is a cornerstone of CANSLIM
> > investing, I've never agreed
> > that mining should only be done after the stock is
> > at RSRank 80 or 85. It's true
> > that leaders will pull back and offer new entry
> > points, so having a list of
> > leaders is helpful. But the problem is, if you want
> > to get the best part of the
> > move, you've got to be watching these guys as they
> > set up and start the lion's
> > share of the move. The IBD started publishing an
> > index of the WR stocks over
> > time, showing a mild percentage gain vs. a sink hole
> > return in the indexes
> > during the Bear, but I suspect that if one were to
> > instead publish an index of
> > stocks breaking out of sound bases starting at a
> > non-laggard RSRank>=70, then
> > the index would be substantially higher.
> >
> > Years ago, a friend of mine and I would meet every
> > Saturday for coffee and pour
> > over the IBD together. At the time, he kept asking
> > why the heck all the stocks
> > mentioned in the paper didn't offer up a good entry
> > point. Most of the time, the
> > lists of stocks, the minigraphs, etc. were already
> > too extended. That meant that
> > in order to use the IBD itself for mining, we had to
> > sift through the
> > lilliputian stock tables highlighting stocks from
> > RSRank 70 and up, highlight up
> > and coming Industries, add the stocks from "Where
> > the Big Money is Flowing" then
> > one by one look at all the charts. It was exhausting
> > and incredibly time
> > consuming. My conclusion after practically loosing
> > my eyesight (and my
> > Saturdays) was that while the IBD is an incredible
> > resource for current news,
> > information on companies, keeping tabs on the Market
> > and learning about CANSLIM,
> > it's a lousy mining tool.
> >
> > Once I'd figured that out, I set out to instead
> > devise a methodology that would
> > let me mine for stocks that met the minimum
> > requirements for a CANSLIM-quality
> > stock and were *just* beginning to outperform and
> > setup for a breakout. The goal
> > was to own a stock before it showed up in the IBD.
> > Just as Bill suggested,
> > seeing it in the IBD *after* I'd found it was the
> > ultimate test. Or, another way
> > of saying it was that I didn't want to see a single
> > stock mentioned in the IBD
> > that I didn't already know about. For the most part,
> > I think that implies that
> > at the very least, one needs some sort of technical
> > software to do this. Many
> > here use HGS/Quotes Plus (QP2), DGO, Vectorvest and
> > others to do this and each
> > has their own particular approach. But even with
> > these tools, it still requires
> > looking through a lot of charts every day to make
> > sure you're seeing the stocks
> > *as* they set up. As I'd rather be hiking the Grand
> > Canyon or having a margarita
> > by the pool, that time spent motivated me to develop
> > even better tools for
> > finding stocks setting up for a breakout, leading to
> > my partnership with Mike at
> > the cwhcharts.com site. That means that there is a
> > third alternative to sifting
> > through the IBD or through a lot of charts, and that
> > is to let a computer do all
> > that time consuming work for you. Our approach is to
> > let the computer find *all*
> > the non-laggard stocks currently setting up in cup
> > with handle bases, put them
> > on a watchlist, and then let us know automatically
> > if they are breaking out
> > above their pivots. Now *there's* an excuse to have
> > another dip in the pool!
> >
> > Katherine
> >
> 
> 
> 
> 
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=====
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