Re: [CANSLIM] Another mystery plunge


From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] Another mystery plunge
Date: Fri, 25 Jul 2003 13:39:17 -0500

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Katherine, many thanks for the links to the explanation of the BOW =
terminology. Using terms different than the IBD language is hard on =
those that don't subscribe.  In fact, getting agreement on the meaning =
of IBD terminology is a chore in itself. I hope that this user group =
doesn't stray far from the WON concepts/terminology that took me quite =
some to learn and gain a minimal working knowledge of.....

If my interpretation of the BOW terminology is correct, CET does not =
stand for TA but rather a minimum set of objective technical criteria =
that is part of your service. I couldn't find a matrix showing how your =
definitions match IBD's definitions.

Can I assume that your numbers for the following match IBDs?
1. RS
2. Industry Rank prior to the secondary sort
3. Up/Down Ratio

BTW, the new design of your site looks to be user friendly!

regards,
Gene

  ----- Original Message -----=20
  From: Katherine Malm=20
  To: canslim@lists.xmission.com=20
  Sent: Friday, July 25, 2003 11:36 AM
  Subject: RE: [CANSLIM] Another mystery plunge


  Gene,

  Please see the help file on our CE scores at:
  http://www.breakoutwatch.com/canslim/CE_methodology.htm

  This file is available by clicking the "Help" button on the Canslim =
Evaluator, which we make available to the CANSLIM list members who wish =
to use it
  http://www.breakoutwatch.com/canslim/

  On CET specifically (from the help file, emphasis added),

  "In How to Make Money in Stocks, O'Neil describes the preferred =
technical condition of a stock at the time of a breakout, but does not =
provide a more general description of a "technically healthy" stock. As =
the goal of the CET is to provide some means of determining the =
technical health of a stock whether or not it is setting up for a =
breakout, we assign a score based on objective measurements of the =
stock's price/volume action over the intermediate to long term. Scores =
do not take into account very near term action of the stock such as a =
recent breakdown, reversal, a broken short-term trend etc. "

  Katherine
    -----Original Message-----
    From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci
    Sent: Friday, July 25, 2003 10:21 AM
    To: canslim@lists.xmission.com
    Subject: Re: [CANSLIM] Another mystery plunge


    Hong, can you translate CET terminology into IBD jargon?=20

    Thanks,
    Gene
      ----- Original Message -----=20
      From: Hong Hsu=20
      To: canslim@lists.xmission.com=20
      Sent: Friday, July 25, 2003 11:12 AM
      Subject: Re: [CANSLIM] Another mystery plunge


           DMC,

          For OSTE, the total TA score  (CET) from breakoutwatch.com is =
6.8=20
      out of 7.  With that score I will tend to believe it has solid TA. =
 Does=20
      it?   Maybe Katherine could share her insight.

          -Hong



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      -To subscribe/unsubscribe, email "majordomo@xmission.com"
      -In the email body, write "subscribe canslim" or
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<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>
<DIV><FONT face=3D"Comic Sans MS">Katherine, many thanks for the links =
to the=20
explanation of the BOW terminology. Using terms different than the IBD =
language=20
is hard on those that don't subscribe.&nbsp; In fact, getting agreement =
on the=20
meaning of IBD terminology is a chore in itself. I&nbsp;hope that this =
user=20
group doesn't&nbsp;stray&nbsp;far from the WON concepts/terminology that =

took&nbsp;me quite some to&nbsp;learn and gain&nbsp;a minimal working =
knowledge=20
of.....</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">If my interpretation of the BOW =
terminology is=20
correct, CET does not stand for TA but rather a minimum set of objective =

technical criteria that is part of your service. I couldn't find a =
matrix=20
showing&nbsp;how your definitions&nbsp;match IBD's =
definitions.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Can I assume that your =
numbers&nbsp;for the=20
following match IBDs?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">1. RS</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">2. Industry Rank prior to the =
secondary=20
sort</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">3. Up/Down Ratio</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">BTW, the new design of your site looks =
to be=20
user friendly!</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">regards,</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
  Malm</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> Friday, July 25, 2003 =
11:36=20
AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Another =
mystery=20
  plunge</DIV>
  <DIV><BR></DIV>
  <DIV><SPAN class=3D818323116-25072003>Gene,</SPAN></DIV>
  <DIV><SPAN class=3D818323116-25072003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D818323116-25072003>Please see the help file on our =
CE scores=20
  at:</SPAN></DIV>
  <DIV><SPAN class=3D818323116-25072003><A=20
  =
href=3D"http://www.breakoutwatch.com/canslim/CE_methodology.htm">http://w=
ww.breakoutwatch.com/canslim/CE_methodology.htm</A></SPAN></DIV>
  <DIV><SPAN class=3D818323116-25072003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D818323116-25072003>This file is available by =
clicking the=20
  "Help" button on the Canslim Evaluator, which we make available to the =
CANSLIM=20
  list members who wish to use it</SPAN></DIV>
  <DIV><SPAN class=3D818323116-25072003><A=20
  =
href=3D"http://www.breakoutwatch.com/canslim/">http://www.breakoutwatch.c=
om/canslim/</A><A=20
  href=3D"http://www.breakoutwatch.com/"></A></SPAN></DIV>
  <DIV><SPAN class=3D818323116-25072003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D818323116-25072003>On CET specifically (from the =
help file,=20
  emphasis added),</SPAN></DIV>
  <DIV><SPAN class=3D818323116-25072003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D818323116-25072003>"In <I>How to Make Money in =
Stocks,=20
  </I>O=92Neil describes the preferred technical condition of a stock at =
the time=20
  of a breakout, but does not provide a more general description of a=20
  =93technically healthy=94 stock. As the goal of the CET is to provide =
some means=20
  of determining the technical health of a stock whether or not it is =
setting up=20
  for a breakout, we assign a score based on objective measurements of =
the=20
  stock=92s price/volume action over the intermediate to long term.=20
  <EM><STRONG>Scores do not take into account very near term action of =
the stock=20
  such as a recent breakdown, reversal, a broken short-term trend=20
  etc.</STRONG></EM> <EM>"</EM></SPAN></DIV>
  <DIV><SPAN class=3D818323116-25072003></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D818323116-25072003>Katherine</SPAN></DIV>
  <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
    <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
    size=3D2>-----Original Message-----<BR><B>From:</B>=20
    owner-canslim@lists.xmission.com=20
    [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Gene=20
    Ricci<BR><B>Sent:</B> Friday, July 25, 2003 10:21 AM<BR><B>To:</B>=20
    canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Another =
mystery=20
    plunge<BR><BR></FONT></DIV>
    <DIV><FONT face=3D"Comic Sans MS">Hong, can you translate CET =
terminology into=20
    IBD jargon? </FONT></DIV>
    <DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
    <DIV><FONT face=3D"Comic Sans MS">Thanks,</FONT></DIV>
    <DIV><FONT face=3D"Comic Sans MS">Gene</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=3Dhonghsu@bellatlantic.net=20
      href=3D"mailto:honghsu@bellatlantic.net">Hong Hsu</A> </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
      title=3Dcanslim@lists.xmission.com=20
      =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
      </DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, July 25, 2003 =
11:12=20
      AM</DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Another=20
      mystery plunge</DIV>
      <DIV><BR></DIV>&nbsp;&nbsp;&nbsp;&nbsp; =
DMC,<BR><BR>&nbsp;&nbsp;&nbsp; For=20
      OSTE, the total TA score&nbsp; (CET) from breakoutwatch.com is 6.8 =
<BR>out=20
      of 7.&nbsp; With that score I will tend to believe it has solid =
TA.&nbsp;=20
      Does <BR>it?&nbsp;&nbsp; Maybe Katherine could share her=20
      insight.<BR><BR>&nbsp;&nbsp;&nbsp; -Hong<BR><BR><BR><BR>-<BR>-To=20
      subscribe/unsubscribe, email "<A=20
      =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
      the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
      canslim".&nbsp; Do not use quotes in your=20
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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