Go to Jeff Salisbury LWGate Home Page.From: "Jeff Henderson" <JHend746@cox.net>
Subject: RE: [CANSLIM] elder and triple screens
Date: Tue, 12 Aug 2003 10:00:04 -0500
Next Article (by Author): RE: [CANSLIM] elder and triple screens "Katherine Malm"
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Point taken.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Tuesday, August 12, 2003 9:39 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] elder and triple screens
DMC,
Here we respectfully recognize WON as the person who put us on this
specific investing track. He is one of many of our teachers. Respect and
idolatry are very different.
As I suggested, there are many aspects of trading. Some of the folks
here are extremely new to CANSLIM. They struggle with the simplest
aspects of the methodology including reading simple price/volume action
in a chart, spotting rises and bases, support and resistence, etc. They
struggle with understanding the difference between an EPS rank and EPS
quarter over quarter. They struggle with understanding the difference
between an RSLine and and RSRank. They struggle with understanding how
to go about finding stocks for their watchlist using CANSLIM parameters.
As all of us were beginners at one time, the beauty of a list like this
is that it provides a safe environmnent where one can come and ask
questions and those who've been there can help. I wish the list had been
here when I was a beginning CANSLIMer. It would have saved me a boatload
of mistakes (and tuition).
Others are not new to CANSLIM, they have the basics under control, but
they still struggle with sell rules. They might be struggling with
determining which are the key elements of mining for stocks, which
order of importance to place on them, etc. They have built a personal
knowledgebase built on years and years of trading in the CANSLIM style
and know where minefields and pitfalls tend to be, but low and behold
discover new ones in a Bear Market. They question their own assumptions,
they ask for help, they pose questions as to whether the underlying
assumptions are still valid. They share their experiences with trading
this particular methodology. And without a doubt they read and study
each and every day. They may start with 20 pages in HTMMIS, but their
libraries are filled with books on market cycles, technical analysis,
value investing, growth investing, mechanical systems, market history,
etc.
But they come here to discuss CANSLIM and share their experiences with
CANSLIM investing based on what they've learned.
Stay on track. There are nearly 800 voices on the list.
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of DMC197807
Sent: Tuesday, August 12, 2003 9:17 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] elder and triple screens
Katherine & 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!
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 -----
From: Katherine Malm <mailto:kmalm@earthlink.net>
To: canslim@lists.xmission.com
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
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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<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Point =
taken.<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 style=3D'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"12" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Tuesday, August 12, =
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"9" Minute=3D"39"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>9:39 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] =
elder and
triple screens</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=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>DMC,<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'>Here we respectfully recognize WON as =
the person
who put us on this specific investing track. He is one of many of our =
teachers.
Respect and idolatry are very different.<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'>As I suggested, there are many aspects of =
trading.
Some of the folks here are extremely new to CANSLIM. They struggle with =
the
simplest aspects of the methodology including reading simple =
price/volume
action in a chart, spotting rises and bases, support and resistence, =
etc. They
struggle with understanding the difference between an EPS rank and EPS =
quarter
over quarter. They struggle with understanding the difference between an =
RSLine
and and RSRank. They struggle with understanding how to go about finding =
stocks
for their watchlist using CANSLIM parameters. As all of us were =
beginners at
one time, the beauty of a list like this is that it provides a safe
environmnent where one can come and ask questions and those who've been =
there
can help. I wish the list had been here when I was a beginning =
CANSLIMer. It
would have saved me a boatload of mistakes (and =
tuition).<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'>Others are not new to CANSLIM, they have the =
basics
under control, but they still struggle with sell rules. They might be
struggling with determining which are the key elements of mining =
for
stocks, which order of importance to place on them, etc. They have built =
a
personal knowledgebase built on years and years of trading in the =
CANSLIM style
and know where minefields and pitfalls tend to be, but low and behold =
discover
new ones in a Bear Market. They question their own assumptions, they ask =
for
help, they pose questions as to whether the underlying assumptions are =
still
valid. They share their experiences with trading this particular =
methodology.
And without a doubt they read and study each and every day. They may =
start with
20 pages in HTMMIS, but their libraries are filled with books on market =
cycles,
technical analysis, value investing, growth investing, mechanical
systems, market history, etc.<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'>But they come here to discuss CANSLIM and =
share their
experiences with CANSLIM investing based on what they've =
learned.<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'>Stay on track. There are nearly 800 =
voices
on the list.<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>DMC197807<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"12" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Tuesday, August 12, =
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"9" Minute=3D"17"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>9:17 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] =
elder and
triple screens</span></font><o:p></o:p></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Katherine & =
Jeff,</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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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:</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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><a
href=3D"http://www.siliconinvestor.com/stocktalk/sub_hot.gsp">http://www.=
siliconinvestor.com/stocktalk/sub_hot.gsp</a></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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Sometimes this thread =
reminds me of
the church, where you want to ground your reasons in =
scripture.</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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>(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).</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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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 . .
."</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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>In only 20 pages! =
</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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</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>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>DMC</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'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:.5in;background:#E4E4E4'><b><font size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:kmalm@earthlink.net" =
title=3D"kmalm@earthlink.net">Katherine Malm</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Tuesday,
August 12, 2003 6:22 AM<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> RE:
[CANSLIM] elder and triple screens<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'>Hi Jeff and DMC,<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'>I feel that I need to speak up =
here.<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'>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.<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'>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.<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'>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.<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> Tuesday, August 12, =
2003
2:13 AM<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> [CANSLIM] elder =
and
triple screens</span></font><o:p></o:p></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><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 style=3D'margin-left:.5in'><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 style=3D'margin-left:.5in'><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 style=3D'margin-left:.5in'><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
For 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 style=3D'margin-left:.5in'><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 style=3D'margin-left:.5in'><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>Any suggestions?<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 style=3D'margin-left:.5in'><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 style=3D'margin-left:.5in'><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 style=3D'margin-left:.5in'><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 style=3D'margin-left:.5in'><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 style=3D'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> =
</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
Year=3D"2003" Day=3D"11" Month=3D"8"><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
Minute=3D"5" Hour=3D"8"><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><o:p></o:p></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><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:1.0in'><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:1.0in'><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:1.0in'><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
Year=3D"2003" Day=3D"11" Month=3D"8"><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
Minute=3D"43" Hour=3D"7"><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:1.0in'><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:1.0in'><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:1.0in'><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:1.0in'><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:1.0in'><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:1.0in'><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:1.0in'><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:1.0in'><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
Year=3D"2003" Day=3D"11" Month=3D"8"><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
Minute=3D"27" Hour=3D"6"><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:1.0in'><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:1.0in'><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:1.0in'><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>
</blockquote>
</blockquote>
</blockquote>
</div>
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