Go to Jeff Salisbury LWGate Home Page.From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete
Date: Wed, 23 Jul 2003 15:10:59 -0500
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Hi Jans,=20
Before I answer your question of a short strategy without charts, I =
would like to show you a copy of a note that is pasted on the covers of =
my system's development 3-ring binders, my MetaStock Users manual and =
Trade Your Way To Financial Freedom (Dr. Van Tharp) book: =20
Money Management: The Real Holy Grail
By: Mark Boucher (Trading Markets)
Traders, in general, spend far too much time and effort trying to find =
magical systems or methodologies that produce high returns, rather than =
increasing their understanding of the markets and using astute money =
management to apply what they learn.
I agree with Stanley Kroll who once said:
"It is better to have a mediocre system and good money management than =
an excellent system and poor money management
Now to VV...
There are a lot of folks that call the scanning of a database as =
provided by DGO, HGSI and VectorVest strategies. I call them searches. I =
like HGSI's terminology the best, they apply filters to their database =
to provide a list of stocks meeting minimum criteria.
VV has about 7500 stocks in their database and if I search their =
database with a specific set of criteria.... I essentially filter out =
what I don't want to look at... if I find that set of criteria to be =
useful, I'll give that 'search' a name... the REAL KEY to VV is how the =
resultant list from the search is sorted (ranked).... VV provides for =
user custom sorts.
VV provides many 'canned' long and short strategies (really searches) =
that were developed by their staff and users over the years. And of =
course, users can generate their own searches as well.=20
Many of the proficient VV users that I know concentrate on market timing =
versus stock fundamentals and chart patterns. They have obtained some =
good results using long searches when the market is going up and short =
searches when the market is going down.
Others feel as I do, VV can be used effectively to identify CS =
candidates. Some just work with what VV provides, others use DGO and IBD =
watchlists ..... or .....
Let's get back to market timing using VectorVest and short/long searches =
(without charts and/or stock fundamentals) in 2003.
On 1/10/03 a SELL signal was generated - when the RT of the MTI crossed =
down thru the RT's 8 week MA (RT=3DRelative Timing) (MTI=3D Market =
Timing Indicator). When this setup starts to fail (as they all do) we'll =
have to be on our toes and make modifications to meet the new market =
conditions.
The following search was run:
AvgVol - 50 day MA >/=3D 100K
Stock EPS </=3D 0
Stock GRT (growth rate) </=3D 0
Stock Price =3D 5.00
Stock Recommendation =3D Sell
Sort EY X RT Ascending (EY =3D Earnings Yield)
Search Run on 1/10
Selected top 5 stocks
Bought
CERS TLRK CBST GAP CVTX
1/13/03
On 3/14 a BUY signal was generated - RT passed up through 8 week MA
Sold 5 stocks on 3/17=20
4 winners
1 loser 2.82%
Gain 24.82%
Since a Buy Signal was generated on 3/14
A long search was used to buy on 3/17
CHTR, AMR, VRSN, ELN, UALAQ
5 top stocks (if we tinkered with stock selection would we have =
purchased AMR)
A Sell Signal was generated on 6/20..=20
The five stocks were sold on 6/23
4 winners=20
1 loser 17.44%
Gain 195% 3/17-6/23
- --------- heck enuff already !!!!
Hopefully the above is coherent, Home Depot is installing a new roof and =
they're using noisy hammers.
Gene
=20
----- Original Message -----=20
From: Spencer48@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 22, 2003 7:17 PM
Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete=20
Gene, Katherine or anyone:
I'd be interested in knowing about VV's short strategy. What is =
it? =20
And it doesn't use chart formations at all? (This last contention I =
find hard=20
to believe).
jans
=20
In a message dated 7/22/2003 7:15:38 PM Eastern Daylight Time,=20
genr@swbell.net writes:
<< 11) Try to find a short strategy like VectorVest has and you'll =
have a=20
hard time finding one in IBD. Because William O'Neil has been snuffed =
out in=20
more bear markets than he can remember. He tried to do it with chart=20
formations and it's not the way to go with shorts. VectorVest is =
right on target with=20
short strategies, and it's at the touch of a button.
>>
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS">Hi Jans, </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Before I answer your question of a =
short=20
strategy without charts, I would like to show you a copy of a =
note that is=20
pasted <FONT size=3D4><STRONG>on the covers</STRONG></FONT> of my =
system's=20
development 3-ring binders, my MetaStock Users manual and Trade Your Way =
To=20
Financial Freedom (Dr. Van Tharp) book: <FONT =
size=3D4> </FONT></DIV>
<P><B><SPAN style=3D"FONT-SIZE: 13.5pt; FONT-FAMILY: Arial">Money =
Management: The=20
Real Holy Grail</SPAN></B><SPAN style=3D"FONT-SIZE: =
10pt"><?xml:namespace prefix =3D=20
o ns =3D "urn:schemas-microsoft-com:office:office" =
/><o:p></o:p></SPAN></P>
<P><FONT size=3D3><SPAN style=3D"FONT-FAMILY: Arial">By: Mark Boucher =
(Trading=20
Markets)</SPAN><SPAN style=3D"FONT-SIZE: =
10pt"><o:p></o:p></SPAN></FONT></P>
<P><FONT size=3D3><STRONG><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Traders, in general, spend =
far too=20
much time and effort trying to find magical systems or methodologies =
that=20
produce high returns, rather than increasing their understanding of the =
markets=20
and using astute money management to apply what they learn.</SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt"><o:p></o:p></SPAN></STRONG></FONT></P>
<P><FONT size=3D4><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><STRONG>I=20
agree with Stanley Kroll who once said:</STRONG></SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt"><o:p></o:p></SPAN></FONT></P>
<DIV><STRONG><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: =
'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: =
EN-US; mso-bidi-language: AR-SA"><FONT=20
size=3D4>"It is better to have a mediocre system and good money =
management than an=20
excellent system and poor money management</FONT></SPAN></STRONG></DIV>
<DIV><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: =
'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: =
EN-US; mso-bidi-language: AR-SA"></SPAN> </DIV>
<DIV></FONT><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: =
'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: =
EN-US; mso-bidi-language: AR-SA"><FONT=20
face=3D"Comic Sans MS" size=3D3>Now to VV...</FONT></SPAN></DIV>
<DIV><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: =
'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: =
EN-US; mso-bidi-language: AR-SA"></SPAN><FONT=20
face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">There are a lot of folks =
that call the=20
scanning of a database as provided by DGO, HGSI and VectorVest =
strategies. I call them searches. I like HGSI's terminology the best, =
they apply=20
filters to their database to provide a list of stocks meeting minimum=20
criteria.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">VV has about 7500 stocks in their =
database and=20
if I search their database with a specific set of criteria.... I=20
essentially filter out what I don't want to look at... if I find =
that set=20
of criteria to be useful, I'll give that 'search' a name... the REAL KEY =
to VV=20
is how the resultant list from the search is sorted (ranked)....=20
VV provides for user custom sorts.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">VV provides many 'canned' long and =
short=20
strategies (really searches) that were developed by their staff and =
users=20
over the years. And of course, users can generate their =
own=20
searches as well. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Many of the proficient VV users that I =
know=20
concentrate on market timing versus stock fundamentals and chart =
patterns. They=20
have obtained some good results using long searches when the market is =
going up=20
and short searches when the market is going down.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Others feel as I do, VV can be used =
effectively=20
to identify CS candidates. Some just work with what VV provides, others =
use DGO=20
and IBD watchlists ..... or .....</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Let's get back to market timing using =
VectorVest=20
and short/long searches (without charts and/or stock fundamentals) =
in=20
2003.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">On 1/10/03 a SELL signal was generated =
- - when=20
the RT of the MTI crossed down thru the RT's 8 week MA =
(RT=3DRelative=20
Timing) (MTI=3D Market Timing Indicator). When this setup starts to fail =
(as they=20
all do) we'll have to be on our toes and make modifications to meet the =
new=20
market conditions.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">The following search was =
run:</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">AvgVol - 50 day MA >/=3D=20
100K</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Stock EPS </=3D =
0</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Stock GRT (growth rate) </=3D =
0</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Stock Price =3D 5.00</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Stock Recommendation =3D =
Sell</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Sort EY X RT Ascending (EY =3D =
Earnings=20
Yield)</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV>
<DIV><FONT face=3D"Comic Sans MS">Search Run on 1/10</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Selected top 5 =
stocks</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Bought</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">CERS TLRK CBST GAP CVTX</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">1/13/03</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">On 3/14 a BUY signal was generated - =
RT passed=20
up through 8 week MA</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Sold 5 stocks on 3/17</FONT><FONT=20
face=3D"Comic Sans MS"> </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">4 winners</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">1 loser 2.82%</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gain 24.82%</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Since a Buy Signal was generated on=20
3/14</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">A long search was used to buy on=20
3/17</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">CHTR, AMR, VRSN, ELN, =
UALAQ</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">5 top stocks (if we tinkered with =
stock=20
selection would we have purchased AMR)</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">A Sell Signal was generated on 6/20..=20
</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">The five stocks were sold=20
on 6/23</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">4 winners </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">1 loser 17.44%</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gain 195% 3/17-6/23</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">--------- heck enuff already =
!!!!</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Hopefully the above is coherent, Home =
Depot is=20
installing a new roof and they're using noisy hammers.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV></DIV>
<DIV><FONT face=3D"Comic Sans MS"> </FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DSpencer48@aol.com=20
href=3D"mailto:Spencer48@aol.com">Spencer48@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 22, 2003 =
7:17=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] *** OFF =
TOPIC ***=20
Anti CANSLIM ** Hit Delete </DIV>
<DIV><BR></DIV>Gene, Katherine or =
anyone:<BR><BR> I'd=20
be interested in knowing about VV's short strategy. What is =
it? =20
<BR>And it doesn't use chart formations at all? (This last =
contention I find hard <BR>to=20
believe).<BR><BR><BR><BR>jans<BR><BR> =
<BR><BR>In a=20
message dated 7/22/2003 7:15:38 PM Eastern Daylight Time, <BR><A=20
href=3D"mailto:genr@swbell.net">genr@swbell.net</A> =
writes:<BR><BR><<=20
11) Try to find a short strategy like VectorVest has and =
you'll=20
have a <BR>hard time finding one in IBD. Because William O'Neil =
has been=20
snuffed out in <BR>more bear markets than he can remember. He =
tried to=20
do it with chart <BR>formations and it's not the way to go with =
shorts. =20
VectorVest is right on target with <BR>short strategies, and it's at =
the touch=20
of a button.<BR> >><BR><BR>-<BR>-To subscribe/unsubscribe, =
email=20
"<A =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". =20
Do not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML>
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