Go to Jeff Salisbury LWGate Home Page.From: "Jeff Henderson" <JHend746@cox.net>
Subject: [CANSLIM] elder and triple screens
Date: Tue, 12 Aug 2003 02:13:18 -0500
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DMC,
Thank you for the book recommendations! I just read Trading For a
Living and thought is was really informative. I love his themes and dry
humor on trading "losers", alcoholics and other psychological
dysfunctions. I loved what he said about treating trading psychological
problems like you're in AA, "Good morning, my name is Alex and I am a
loser. I have it in me to do serious financial damage to my account."
LOL
Anyway, I have a question regarding his triple screens trading. Has
anybody used this technical analysis before, and if you have, did you
find that one of the oscillators works better than the others? I'm
using a fast 5 day stochastic, but I think he really suggests his very
own Force Index and Elder-Ray. I was also thinking of adjusting his
recommended stop losses to compensate for possible whipsawing. Any
suggestions? I was thinking of a moving exit using 1.2 times the 10 day
ADR and possibly switching over to the parabolic system during a runaway
trend.
Thanks,
Jeff H.
- --Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Fred Richards
Sent: Monday, August 11, 2003 8:05 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] a random thought
Katherine is quite correct about using the A/D to help identify stocks
to consider and possibly add to one's portfolio. I rely on setting up
an alert and/or stop loss point using a trailing stop to protect my
position profits. Then, if we get stopped out of a position, we
consider re-buying the position when the stock regains the stop loss
point if the basic fundamentals and other technical aspects remain
within our overall criteria. If not, we pass on re-buying.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Monday, August 11, 2003 7:43 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] a random thought
Hi Jeff,
In my experience, the A/D is a decent tool when buying into a long
position (limiting buys to A, B or C) but it's a lousy indicator of
tops. I remember in the March of 2000 that all the top stocks still had
an "A" rating long after they'd crashed off their tops. The 13 weeks
included in the indicator makes is a lagging indicator in my mind, too
slow to catch the very near term price action in a stock that often
triggers sell rules.
The IBD says they don't see it as a lagging indicator and that it is one
of their "fastest." Faster? Yes, faster than RS (52 weeks) or GRS (26
weeks), but not "non-lagging" in my opinion.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson
Sent: Monday, August 11, 2003 6:27 AM
To: Canslim
Subject: [CANSLIM] a random thought
I was thinking that accumulation/distributor indicator seems to be a
valuable tool if there is a lot (for lack of a better term) of
institutional sponsorship. What do y'all think?
Jeff H.
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<body lang=3DEN-US link=3Dblue vlink=3Dpurple =
style=3D'tab-interval:.5in'>
<div class=3DSection1>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>DMC,<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Thank you for the book =
recommendations!<span
style=3D'mso-spacerun:yes'> </span>I just read <u>Trading <span
class=3DGramE>For</span> a Living</u> and thought is was really =
informative.<span
style=3D'mso-spacerun:yes'> </span>I love his themes and dry humor =
on trading
“losers”, alcoholics and other psychological =
dysfunctions.<span
style=3D'mso-spacerun:yes'> </span>I loved what he said about =
treating
trading psychological problems like you’re in AA, “Good =
morning, my
name is Alex and I am a loser. <span =
style=3D'mso-spacerun:yes'> </span>I
have it in me to do serious financial damage to my account.” =
LOL<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Anyway, I have a question regarding =
his
triple screens trading. <span =
style=3D'mso-spacerun:yes'> </span>Has anybody
used this technical analysis before, and if you have, did you find that =
one of
the oscillators works better than the others?<span
style=3D'mso-spacerun:yes'> </span>I’m using a fast 5 day =
stochastic,
but I think he really suggests his very own Force Index and =
Elder-Ray.<span
style=3D'mso-spacerun:yes'> </span>I was also thinking of =
adjusting his
recommended stop losses to compensate for possible whipsawing. <span
style=3D'mso-spacerun:yes'> </span><span class=3DGramE>Any =
suggestions?</span><span
style=3D'mso-spacerun:yes'> </span>I was thinking of a moving exit =
using 1.2
times the 10 day ADR and possibly switching over to the parabolic system =
during
a runaway trend.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Thanks,<o:p></o:p></span></font></p>=
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Jeff =
H.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>--Original Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> =
</span></font><st1:PersonName><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>owner-canslim@lists.xmissio=
n.com</span></font></st1:PersonName><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> =
[mailto:</span></font><st1:PersonName><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>owner-canslim@lists.xmissio=
n.com</span></font></st1:PersonName><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Fred Richards<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"11" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Monday, August 11, =
2003</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"8" Minute=3D"5"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>8:05 AM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] a =
random
thought</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblue face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>Katherine is =
quite
correct about using the A/D to help identify stocks to consider and =
possibly
add to one's portfolio. I rely on setting up an alert and/or stop =
loss
point using a trailing stop to protect my position profits. Then, =
if we
get stopped out of a position, we consider re-buying the position when =
the
stock regains the stop loss point if the basic fundamentals and other =
technical
aspects remain within our overall criteria. If not, we pass on =
re-buying.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:.5in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>-----Original Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> =
owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] <b><span =
style=3D'font-weight:bold'>On
Behalf Of </span></b>Katherine Malm<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"11" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Monday, August 11, =
2003</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"7" Minute=3D"43"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>7:43 AM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] a =
random
thought</span></font><o:p></o:p></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>Hi Jeff,<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>In my experience, the A/D is a decent tool =
when buying
into a long position (limiting buys to A, B or C) but it's a lousy =
indicator of
tops. I remember in the March of 2000 that all the top stocks still =
had an
"A" rating long after they'd crashed off their tops. The 13 =
weeks
included in the indicator makes is a lagging indicator in my mind, too =
slow to
catch the very near term price action in a stock that often triggers =
sell
rules.<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>The IBD says they don't see it as a lagging =
indicator
and that it is one of their "fastest." Faster? Yes, faster =
than RS
(52 weeks) or GRS (26 weeks), but not "non-lagging" in my =
opinion.<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>Katherine<o:p></o:p></span></font></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:.5in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>-----Original Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Jeff Henderson<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"11" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Monday, August 11, =
2003</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"6" Minute=3D"27"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>6:27 AM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> Canslim<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> [CANSLIM] a =
random
thought</span></font><o:p></o:p></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>I was thinking that
accumulation/distributor indicator seems to be a valuable tool if there =
is a
lot (for lack of a better term) of institutional sponsorship.<span
style=3D'mso-spacerun:yes'> </span>What do y’all think?<span
style=3D'mso-spacerun:yes'> </span><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><o:p> </o:p></span></fo=
nt></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Jeff =
H.<o:p></o:p></span></font></p>
</blockquote>
</blockquote>
</div>
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