Go to Jeff Salisbury LWGate Home Page.From: "WJH" <hefner@swbell.net>
Subject: Fw: [CANSLIM] for Short Selling
Date: Sun, 10 Aug 2003 12:00:23 -0500
Previous Article (by Author): Re: [CANSLIM] for Short Selling "Gene Ricci"
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This is a multi-part message in MIME format. - ------=_NextPart_000_03DD_01C35F36.FA929910 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Sounds interesting. From: DMC197807=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 09, 2003 6:41 PM Subject: Re: [CANSLIM] for Short Selling Rolf & Mark, My vote (if I get a vote) is why not discuss how to use canslim ideas = to generate potential shorts? It's not like this little epistolary group hasn't gone off the track since I've been here (about 10 trading = days), and it's not like it takes a lifetime to figure out Canslim in any event. = It's really rather simple, and with the help of computers it's almost too = easy. The real difficulty lies in disciplining oneself to limit or get rid = of longs in sideways and topping markets, and be willing to reenter when = the market's correction has ended and stocks are ready to rise again. You = can find the names of candidates very easily for a little coin paid for a subscription to IBD and/or a subscription to canslim.net. For short discussions, let's just use the above referenced subject = line "Re: [CANSLIM] for Short Selling" and the purists like Fanus et al (so far it seems to be all Fanus) can either eyeball them and delete them, or even program their Outlook = Express to pre-delete all messages on the peripheral topic. I think it would be helpful to understand what kind of screen would = generate the opposite of good longs in a bad market, if only for academic, mind-sharpening purposes. After all, if in traditional canslim = technique you are looking for 1 or 2 stocks to buy per week in a good (M!) = market, then why not reverse the order in a bad (M!) market. With that in mind, I'd like to explore what kinds of things people = think would indicate a dangerous market, knowing in advance that calling a = top is one of the hardest things to do BUT that falls tend to be so much more precipitous than climbs that there's gold in those hills if you can = time it right and buy a put to get into position. In any event, VTO has provided a very handy site with lots of = sentiment indicators: http://www.vtoreport.com/sentiment/cot.htm If you click on Sentiment and Bull/Bear you can see a very wide gap = between bullish and bearish advisors, the kind which indicates a correction is coming. I'd say anytime you see a gap of 25% or more (with the bulls = on top) you are looking at a dangerous situation. The Put/Call ratio has been very low and is now climbing. Again = danger. The VIX has been unnaturally low for a long time, another coiled = spring. For COTS, I prefer to use the Quasimodos.com site: http://www.quasimodos.com/marketrider/technical.php The articles are interesting, and to get the reports and COTs page, = click here: http://www.quasimodos.com/marketrider/charts.php You can't paste the sites, but the first 3 on the right, for the Dow, = the Naz and the SPX have a very interesting graphic display of the = traders' positions. I don't know exactly what the timing is on these but the = smart money seems to be betting against this market continuing, while the = small speculators keep piling on the positions. Good bull markets (like the = one we had from March to June) often begin with very small bars. DMC - ------=_NextPart_000_03DD_01C35F36.FA929910 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <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>Sounds interesting.</DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV></DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Ddmc197807@comcast.net=20 href=3D"mailto:dmc197807@comcast.net">DMC197807</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> Saturday, August 09, 2003 = 6:41=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] for = Short=20 Selling</DIV> <DIV><BR></DIV>Rolf & Mark,<BR><BR>My vote (if I get a vote) is = why not=20 discuss how to use canslim ideas to<BR>generate potential = shorts? It's=20 not like this little epistolary group<BR>hasn't gone off the track = since I've=20 been here (about 10 trading days), and<BR>it's not like it takes a = lifetime to=20 figure out Canslim in any event. It's<BR>really rather simple, = and with=20 the help of computers it's almost too easy.<BR>The real difficulty = lies in=20 disciplining oneself to limit or get rid of<BR>longs in sideways and = topping=20 markets, and be willing to reenter when the<BR>market's correction has = ended=20 and stocks are ready to rise again. You can<BR>find the names of = candidates very easily for a little coin paid for a<BR>subscription to = IBD=20 and/or a subscription to canslim.net.<BR><BR>For short discussions, = let's just=20 use the above referenced subject line<BR>"Re: [CANSLIM] for Short=20 Selling"<BR><BR>and the purists like Fanus et al (so far it seems to = be all=20 Fanus) can<BR>either eyeball them and delete them, or even program = their=20 Outlook Express<BR>to pre-delete all messages on the peripheral=20 topic.<BR><BR>I think it would be helpful to understand what kind of = screen=20 would generate<BR>the opposite of good longs in a bad market, if only = for=20 academic,<BR>mind-sharpening purposes. After all, if in = traditional=20 canslim technique<BR>you are looking for 1 or 2 stocks to buy per week = in a=20 good (M!) market,<BR>then why not reverse the order in a bad (M!)=20 market.<BR><BR>With that in mind, I'd like to explore what kinds of = things=20 people think<BR>would indicate a dangerous market, knowing in advance = that=20 calling a top is<BR>one of the hardest things to do BUT that falls = tend to be=20 so much more<BR>precipitous than climbs that there's gold in those = hills if=20 you can time it<BR>right and buy a put to get into position.<BR><BR>In = any=20 event, VTO has provided a very handy site with lots of=20 sentiment<BR>indicators:<BR><BR><A=20 = href=3D"http://www.vtoreport.com/sentiment/cot.htm">http://www.vtoreport.= com/sentiment/cot.htm</A><BR><BR>If=20 you click on Sentiment and Bull/Bear you can see a very wide gap=20 between<BR>bullish and bearish advisors, the kind which indicates a = correction=20 is<BR>coming. I'd say anytime you see a gap of 25% or more (with = the=20 bulls on<BR>top) you are looking at a dangerous situation.<BR><BR>The = Put/Call=20 ratio has been very low and is now climbing. Again = danger.<BR><BR>The=20 VIX has been unnaturally low for a long time, another coiled=20 spring.<BR><BR>For COTS, I prefer to use the Quasimodos.com = site:<BR><BR><A=20 = href=3D"http://www.quasimodos.com/marketrider/technical.php">http://www.q= uasimodos.com/marketrider/technical.php</A><BR><BR>The=20 articles are interesting, and to get the reports and COTs page,=20 click<BR>here:<BR><BR><A=20 = href=3D"http://www.quasimodos.com/marketrider/charts.php">http://www.quas= imodos.com/marketrider/charts.php</A><BR><BR>You=20 can't paste the sites, but the first 3 on the right, for the Dow, = the<BR>Naz=20 and the SPX have a very interesting graphic display of the=20 traders'<BR>positions. I don't know exactly what the timing is = on these=20 but the smart<BR>money seems to be betting against this market = continuing,=20 while the small<BR>speculators keep piling on the positions. = Good bull=20 markets (like the one<BR>we had from March to June) often begin with = very=20 small bars.<BR><BR>DMC<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_03DD_01C35F36.FA929910-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Author): Re: [CANSLIM] for Short Selling "Gene Ricci"
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