Go to Jeff Salisbury LWGate Home Page.From: "DMC197807" <dmc197807@comcast.net>
Subject: Re: [CANSLIM] elder and triple screens
Date: Tue, 12 Aug 2003 07:16:30 -0700
Previous Article (by Subject): RE: [CANSLIM] elder and triple screens "Katherine Malm"
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MessageKatherine & Jeff,
First, I would agree with Katherine that a detailed discussion of what =
settings to use on different oscillators is afield from the purpose of =
the board. I'd suggest you scope out the Silicon Investor sites as a =
starting point:
http://www.siliconinvestor.com/stocktalk/sub_hot.gsp
As for generalized discussions of how to read charts, etc., what kinds =
of time-frames to look at, etc., I think that's what makes a good =
investor no matter what the approach. It is an absolutely vital part of =
making a keeping profits. In this approach, where you basically sit =
down with a scanning program that can spit out 10-12 names per day, it =
is vital to develop one's own discipline and chart reading ability. =
Also, it's key to understand Gann, Fibonacci, Elliot, etc. if only to =
keep slick talk and slick reasoning from an extraneous source from =
pushing you into a speculative position with little else to support it.
Sometimes this thread reminds me of the church, where you want to ground =
your reasons in scripture.
(Holy Moly, we actually had a sighting--was it an epiphany?-on Kudlow =
and Cramer last night of the Great One, the one who goes by His =
Initials, His Nibs, WON. I hope all the true believers tuned in for the =
sound bites).
Hokay, so, let me just cite pages 44-78 and 160-180 in HTMMIS as the =
basis for maintaining a broad interest in macro and micro charts and =
differing approaches. What's almost laughable is the title of chapter =
15: "How to Read Charts Like an Expert . . ."
In only 20 pages! =20
Jeff, in response to your original question, as a general matter, it is =
always best to look across time frames for confirmation that what you're =
looking at is what you're looking at. If the micro trend (hourly) is =
good and the daily looks great, don't forget to check the weekly before =
you commit. That is the gist (and the takeaway) of Elder, at least to =
me. The most comprehensive treatment of triple screening technique =
(btw, you can get free triple screens on one page by using Stockcharts' =
gallery views) is Farley's "Master Swing Trader." Not a recommendation =
quite yet but if you stumbled over a copy it might be worth it to read a =
few chapters.
When you're wondering if you should sell, again you need to check not =
only the daily price action but how it all fits into the weekly or =
monthly charts. In the list of books I posted before was Murphy's basic =
text: that will give you a good grounding in many, many topics.
DMC
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, August 12, 2003 6:22 AM
Subject: RE: [CANSLIM] elder and triple screens
Hi Jeff and DMC,
I feel that I need to speak up here.
While I understand that there are many aspects to trading and that =
there are many that can influence and/or be used in CANSLIM investing, =
Elder triple screens, Elliott Wave theory, etc., have nothing to do with =
CANSLIM.
Let's stay on course so that the folks who are here for a particular =
discussion and purpose, CANSLIM, are getting what they expect when they =
come here. I wouldn't go to a 5 star French restaurant for a fast food =
burger. I wouldn't expect to come to a CANSLIM list for broad trading =
discussions.
Focus, simplicity, disclipline and a deep knowledge of the trading =
methodology are the hallmarks of Master Traders. Our purpose as members =
of this list is to develop that mastery.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson
Sent: Tuesday, August 12, 2003 2:13 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] elder and triple screens
=20
DMC,
=20
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
=20
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.
=20
Thanks,
Jeff H.
=20
--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
=20
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.
=20
-----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,
=20
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.
=20
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.
=20
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? =20
=20
Jeff H.
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bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Katherine & Jeff,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>First, I would agree with Katherine =
that a detailed=20
discussion of what settings to use on different oscillators is afield =
from the=20
purpose of the board. I'd suggest you scope out the Silicon =
Investor sites=20
as a starting point:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2><A=20
href=3D"http://www.siliconinvestor.com/stocktalk/sub_hot.gsp">http://www.=
siliconinvestor.com/stocktalk/sub_hot.gsp</A></FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>As for generalized discussions of how =
to read=20
charts, etc., what kinds of time-frames to look at, etc., I think that's =
what=20
makes a good investor no matter what the approach. It is an =
absolutely=20
vital part of making a keeping profits. In this approach, where =
you=20
basically sit down with a scanning program that can spit out 10-12 names =
per=20
day, it is vital to develop one's own discipline and chart reading=20
ability. Also, it's key to understand Gann, Fibonacci, Elliot, =
etc. if=20
only to keep slick talk and slick reasoning from an extraneous source =
from=20
pushing you into a speculative position with little else to support=20
it.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Sometimes this thread reminds me of the =
church,=20
where you want to ground your reasons in scripture.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>(Holy Moly, we actually had a =
sighting--was it an=20
epiphany?-on Kudlow and Cramer last night of the Great One, the one who =
goes by=20
His Initials, His Nibs, WON. I hope all the true believers tuned =
in for=20
the sound bites).</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Hokay, so, let me just cite pages 44-78 =
and 160-180=20
in HTMMIS as the basis for maintaining a broad interest in macro and =
micro=20
charts and differing approaches. What's almost laughable is the =
title of=20
chapter 15: "How to Read Charts Like an Expert . . ."</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>In only 20 pages! </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Jeff, in response to your original =
question, as a=20
general matter, it is always best to look across time frames for =
confirmation=20
that what you're looking at is what you're looking at. If the =
micro trend=20
(hourly) is good and the daily looks great, don't forget to check the =
weekly=20
before you commit. That is the gist (and the takeaway) of Elder, =
at least=20
to me. The most comprehensive treatment of triple screening =
technique=20
(btw, you can get free triple screens on one page by using Stockcharts' =
gallery=20
views) is Farley's "Master Swing Trader." Not a recommendation =
quite yet=20
but if you stumbled over a copy it might be worth it to read a few=20
chapters.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>When you're wondering if you should =
sell, again you=20
need to check not only the daily price action but how it all fits into =
the=20
weekly or monthly charts. In the list of books I posted before was =
Murphy's basic text: that will give you a good grounding in many, =
many=20
topics.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>DMC</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </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> Tuesday, August 12, 2003 =
6:22=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] elder =
and triple=20
screens</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D343271113-12082003>Hi Jeff and DMC,</SPAN></DIV>
<DIV><SPAN class=3D343271113-12082003></SPAN> </DIV>
<DIV><SPAN class=3D343271113-12082003>I feel that I need to speak up=20
here.</SPAN></DIV>
<DIV><SPAN class=3D343271113-12082003></SPAN> </DIV>
<DIV><SPAN class=3D343271113-12082003>While I understand that there =
are many=20
aspects to trading and that there are many that can influence and/or =
be used=20
in CANSLIM investing, Elder triple screens, Elliott Wave theory, etc., =
have=20
nothing to do with CANSLIM.</SPAN></DIV>
<DIV><SPAN class=3D343271113-12082003></SPAN><SPAN=20
class=3D343271113-12082003></SPAN> </DIV>
<DIV><SPAN class=3D343271113-12082003>Let's stay on course so that the =
folks who=20
are here for a particular discussion and purpose, CANSLIM, are getting =
what=20
they expect when they come here. I wouldn't go to a 5 star French =
restaurant=20
for a fast food burger. I wouldn't expect to come to a CANSLIM list =
for broad=20
trading discussions.</SPAN></DIV>
<DIV><SPAN class=3D343271113-12082003></SPAN> </DIV>
<DIV><SPAN class=3D343271113-12082003>Focus, simplicity, disclipline =
and a deep=20
knowledge of the trading methodology are the hallmarks of =
Master=20
Traders. Our purpose as members of this list is to develop that=20
mastery.</SPAN></DIV>
<DIV><SPAN class=3D343271113-12082003></SPAN> </DIV>
<DIV><SPAN class=3D343271113-12082003></SPAN><SPAN=20
class=3D343271113-12082003>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>Jeff=20
Henderson<BR><B>Sent:</B> Tuesday, August 12, 2003 2:13 =
AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] elder and =
triple=20
screens<BR><BR></FONT></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">DMC,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Thank you =
for the=20
book recommendations!<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>I just=20
read <U>Trading <SPAN class=3DGramE>For</SPAN> a Living</U> and =
thought is was=20
really informative.<SPAN style=3D"mso-spacerun: yes"> </SPAN>I =
love his=20
themes and dry humor on trading =93losers=94, alcoholics and other =
psychological=20
dysfunctions.<SPAN style=3D"mso-spacerun: yes"> </SPAN>I loved =
what he=20
said about treating trading psychological problems like you=92re in =
AA, =93Good=20
morning, my name is Alex and I am a loser. <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I have it in me to do =
serious=20
financial damage to my account.=94 LOL<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Anyway, I =
have a=20
question regarding his triple screens trading. <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Has anybody used this =
technical=20
analysis before, and if you have, did you find that one of the =
oscillators=20
works better than the others?<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>I=92m using a fast 5 day stochastic, but I think he really =
suggests his=20
very own Force Index and Elder-Ray.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>I was also thinking of adjusting his recommended stop losses =
to=20
compensate for possible whipsawing. <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN><SPAN class=3DGramE>Any=20
suggestions?</SPAN><SPAN style=3D"mso-spacerun: yes"> </SPAN>I =
was=20
thinking of a moving exit using 1.2 times the 10 day ADR and =
possibly=20
switching over to the parabolic system during a runaway=20
trend.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">Thanks,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Jeff=20
H.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">--Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">From:</SPAN></B>=20
</SPAN></FONT><st1:PersonName><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">owner-canslim@lists.xmission.com</SPAN></FONT></st1:PersonName><F=
ONT=20
face=3DTahoma size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">=20
[mailto:</SPAN></FONT><st1:PersonName><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">owner-canslim@lists.xmission.com</SPAN></FONT></st1:PersonName><F=
ONT=20
face=3DTahoma size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Fred=20
Richards<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B>=20
</SPAN></FONT><st1:date Month=3D"8" Day=3D"11" Year=3D"2003"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Monday, August 11,=20
2003</SPAN></FONT></st1:date><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Hour=3D"8" Minute=3D"5"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">8:05=20
AM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> RE: [CANSLIM] a =
random=20
thought</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblue=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial">Katherine =
is quite=20
correct about using the A/D to help identify stocks to consider and =
possibly=20
add to one's portfolio. I rely on setting up an alert and/or =
stop loss=20
point using a trailing stop to protect my position profits. =
Then, if=20
we get stopped out of a position, we consider re-buying the position =
when=20
the stock regains the stop loss point if the basic fundamentals and =
other=20
technical aspects remain within our overall criteria. If not, =
we pass=20
on re-buying.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE=20
style=3D"MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; MARGIN-RIGHT: =
0in"><P=20
class=3DMsoNormal=20
style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.5in; MARGIN-RIGHT: =
0in; mso-margin-top-alt: 0in"><FONT=20
face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of =
</SPAN></B>Katherine=20
Malm<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B>=20
</SPAN></FONT><st1:date Month=3D"8" Day=3D"11" Year=3D"2003"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Monday, August=20
11, 2003</SPAN></FONT></st1:date><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Hour=3D"7" Minute=3D"43"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">7:43=20
AM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> RE: [CANSLIM] a =
random=20
thought</SPAN></FONT><o:p></o:p></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">Hi=20
Jeff,<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">In my experience, the A/D =
is a decent=20
tool when buying into a long position (limiting buys to A, B or C) =
but=20
it's a lousy indicator of tops. I remember in the March of 2000 =
that all=20
the top stocks still had an "A" rating long after they'd =
crashed off=20
their tops. The 13 weeks included in the indicator makes is a =
lagging=20
indicator in my mind, too slow to catch the very near term price =
action in=20
a stock that often triggers sell =
rules.<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">The IBD says they don't =
see it as a=20
lagging indicator and that it is one of their "fastest." Faster? =
Yes,=20
faster than RS (52 weeks) or GRS (26 weeks), but not "non-lagging" =
in my=20
opinion.<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt">Katherine<o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE=20
style=3D"MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; MARGIN-RIGHT: 0in">
<P class=3DMsoNormal=20
style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.5in; MARGIN-RIGHT: =
0in; mso-margin-top-alt: 0in"><FONT=20
face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B><SPAN=20
style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Jeff=20
Henderson<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">Sent:</SPAN></B>=20
</SPAN></FONT><st1:date Month=3D"8" Day=3D"11" =
Year=3D"2003"><FONT face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Monday, August=20
11, 2003</SPAN></FONT></st1:date><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Hour=3D"6" Minute=3D"27"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">6:27=20
AM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">To:</SPAN></B> Canslim<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> [CANSLIM] a =
random=20
thought</SPAN></FONT><o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I =
was thinking=20
that accumulation/distributor indicator seems to be a valuable =
tool if=20
there is a lot (for lack of a better term) of institutional=20
sponsorship.<SPAN style=3D"mso-spacerun: yes"> </SPAN>What =
do y=92all=20
think?<SPAN style=3D"mso-spacerun: yes"> =20
</SPAN><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Jeff=20
=
H.<o:p></o:p></SPAN></FONT></P></BLOCKQUOTE></BLOCKQUOTE></DIV></BLOCKQUO=
TE></BLOCKQUOTE></BODY></HTML>
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