Go to Jeff Salisbury LWGate Home Page.From: "DMC197807" <dmc197807@comcast.net>
Subject: Re: [CANSLIM] elder and triple screens
Date: Tue, 12 Aug 2003 08:27:14 -0700
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0099_01C360AB.88964750
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
MessageQuestion for you, Katherine,
Do you have an official title here, or are you just a poster like the =
rest? Put another way, are you an official threadmom, or a volunteer?
DMc
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, August 12, 2003 7:39 AM
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! =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.
- ------=_NextPart_000_0099_01C360AB.88964750
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML xmlns=3D"http://www.w3.org/TR/REC-html40" xmlns:o =3D=20
"urn:schemas-microsoft-com:office:office" xmlns:w =3D=20
"urn:schemas-microsoft-com:office:word" xmlns:st1 =3D=20
"urn:schemas-microsoft-com:office:smarttags"><HEAD><TITLE>Message</TITLE>=
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3DWord.Document name=3DProgId>
<META content=3D"MSHTML 6.00.2719.2200" name=3DGENERATOR>
<META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20
href=3D"cid:filelist.xml@01C36077.473E5D30" =
rel=3DFile-List><o:SmartTagType=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"=20
name=3D"PersonName"></o:SmartTagType><o:SmartTagType=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"=20
name=3D"time"></o:SmartTagType><o:SmartTagType=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"=20
name=3D"date"></o:SmartTagType><!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:SpellingState>Clean</w:SpellingState>
<w:GrammarState>Clean</w:GrammarState>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
</w:Compatibility>
<w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
</w:WordDocument>
</xml><![endif]--><!--[if !mso]>
<STYLE>st1\:* {
BEHAVIOR: url(#default#ieooui)
}
</STYLE>
<![endif]-->
<STYLE>@font-face {
font-family: Tahoma;
}
@page Section1 {size: 8.5in 11.0in; margin: 1.0in 1.25in 1.0in 1.25in; =
mso-header-margin: .5in; mso-footer-margin: .5in; mso-paper-source: 0; }
P.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
LI.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
DIV.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
A:link {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlink {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
A:visited {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlinkFollowed {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.EmailStyle17 {
COLOR: windowtext; FONT-FAMILY: Arial; mso-style-type: personal; =
mso-style-noshow: yes; mso-ansi-font-size: 10.0pt; mso-bidi-font-size: =
10.0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial; =
mso-bidi-font-family: Arial
}
SPAN.EmailStyle18 {
COLOR: navy; FONT-FAMILY: Arial; mso-style-type: personal-reply; =
mso-style-noshow: yes; mso-ansi-font-size: 10.0pt; mso-bidi-font-size: =
10.0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial; =
mso-bidi-font-family: Arial
}
SPAN.SpellE {
mso-style-name: ""; mso-spl-e: yes
}
SPAN.GramE {
mso-style-name: ""; mso-gram-e: yes
}
DIV.Section1 {
page: Section1
}
</STYLE>
<!--[if gte mso 10]>
<style>
/* Style Definitions */=20
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";}
</style>
<![endif]--></HEAD>
<BODY lang=3DEN-US style=3D"tab-interval: .5in" vLink=3Dpurple =
link=3Dblue=20
bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Question for you, =
Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Do you have an official title here, or =
are you just=20
a poster like the rest? Put another way, are you an official =
threadmom, or=20
a volunteer?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>DMc</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 =
7:39=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=3D843592114-12082003>DMC,</SPAN></DIV>
<DIV><SPAN class=3D843592114-12082003></SPAN> </DIV>
<DIV><SPAN class=3D843592114-12082003>Here we respectfully =
recognize WON=20
as the person who put us on this specific investing track. He is one =
of many=20
of our teachers. Respect and idolatry are very different.</SPAN></DIV>
<DIV><SPAN class=3D843592114-12082003></SPAN> </DIV>
<DIV><SPAN class=3D843592114-12082003>As I suggested, there are many =
aspects of=20
trading. Some of the folks here are extremely new to CANSLIM. They =
struggle=20
with the simplest aspects of the methodology including reading simple=20
price/volume action in a chart, spotting rises and bases, support and=20
resistence, etc. They struggle with understanding the difference =
between an=20
EPS rank and EPS quarter over quarter. They struggle with =
understanding the=20
difference between an RSLine and and RSRank. They struggle with =
understanding=20
how to go about finding stocks for their watchlist using CANSLIM =
parameters.=20
As all of us were beginners at one time, the beauty of a list like =
this is=20
that it provides a safe environmnent where one can come and ask =
questions and=20
those who've been there can help. I wish the list had been here when I =
was a=20
beginning CANSLIMer. It would have saved me a boatload of mistakes =
(and=20
tuition).</SPAN></DIV>
<DIV><SPAN class=3D843592114-12082003></SPAN> </DIV>
<DIV><SPAN class=3D843592114-12082003>Others are not new to CANSLIM, =
they have=20
the basics under control, but they still struggle with sell rules. =
They might=20
be struggling with determining which are the key elements of =
mining for=20
stocks, which order of importance to place on them, etc. They have =
built a=20
personal knowledgebase built on years and years of trading in the =
CANSLIM=20
style and know where minefields and pitfalls tend to be, but low and =
behold=20
discover new ones in a Bear Market. They question their own =
assumptions, they=20
ask for help, they pose questions as to whether the underlying =
assumptions are=20
still valid. They share their experiences with trading this particular =
methodology. And without a doubt they read and study each and every =
day. They=20
may start with 20 pages in HTMMIS, but their libraries are filled with =
books=20
on market cycles, technical analysis, value investing, growth =
investing,=20
mechanical systems, market history, etc.</SPAN></DIV>
<DIV><SPAN class=3D843592114-12082003></SPAN> </DIV>
<DIV><SPAN class=3D843592114-12082003>But they come here to discuss =
CANSLIM and=20
share their experiences with CANSLIM investing based on what they've=20
learned.</SPAN></DIV>
<DIV><SPAN class=3D843592114-12082003></SPAN> </DIV>
<DIV><SPAN class=3D843592114-12082003>Stay on track. There are=20
nearly 800 voices on the list.</SPAN></DIV>
<DIV><SPAN class=3D843592114-12082003></SPAN> </DIV>
<DIV><SPAN class=3D843592114-12082003>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=20
</B>DMC197807<BR><B>Sent:</B> Tuesday, August 12, 2003 9:17 =
AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] elder =
and triple=20
screens<BR><BR></FONT></DIV>
<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=20
detailed discussion of what settings to use on different oscillators =
is=20
afield from the purpose of the board. I'd suggest you scope =
out the=20
Silicon Investor sites 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=20
what makes a good investor no matter what the approach. It is =
an=20
absolutely vital part of making a keeping profits. In this =
approach,=20
where you basically sit down with a scanning program that can spit =
out 10-12=20
names per 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=20
an epiphany?-on Kudlow and Cramer last night of the Great One, the =
one who=20
goes by His Initials, His Nibs, WON. I hope all the true =
believers=20
tuned in for 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=20
160-180 in HTMMIS as the basis for maintaining a broad interest in =
macro and=20
micro charts and differing approaches. What's almost laughable =
is the=20
title of chapter 15: "How to Read Charts Like an Expert . .=20
."</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=20
a general matter, it is always best to look across time frames for=20
confirmation that what you're looking at is what you're looking =
at. If=20
the micro trend (hourly) is good and the daily looks great, don't =
forget to=20
check the weekly before you commit. That is the gist (and the=20
takeaway) of Elder, at least to me. The most comprehensive =
treatment=20
of triple screening technique (btw, you can get free triple screens =
on one=20
page by using Stockcharts' gallery views) is Farley's "Master Swing=20
Trader." Not a recommendation quite yet but if you stumbled =
over a=20
copy it might be worth it to read a few 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=20
you need to check not only the daily price action but how it all =
fits into=20
the weekly or monthly charts. In the list of books I posted =
before was=20
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=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> Tuesday, August 12, =
2003 6:22=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
elder and=20
triple 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=20
used in CANSLIM investing, Elder triple screens, Elliott Wave =
theory,=20
etc., have 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=20
who are here for a particular discussion and purpose, CANSLIM, are =
getting=20
what they expect when they come here. I wouldn't go to a 5 star =
French=20
restaurant for a fast food burger. I wouldn't expect to come to a =
CANSLIM=20
list for broad trading discussions.</SPAN></DIV>
<DIV><SPAN class=3D343271113-12082003></SPAN> </DIV>
<DIV><SPAN class=3D343271113-12082003>Focus, simplicity, =
disclipline and a=20
deep knowledge of the trading methodology are the =
hallmarks of=20
Master 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=20
the book recommendations!<SPAN style=3D"mso-spacerun: =
yes"> </SPAN>I=20
just read <U>Trading <SPAN class=3DGramE>For</SPAN> a Living</U> =
and=20
thought is was really informative.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>I love his themes and dry humor on trading =93losers=94, =
alcoholics=20
and other psychological dysfunctions.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I loved what he said =
about=20
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=20
a 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=20
oscillators works better than the others?<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I=92m using a fast 5 =
day=20
stochastic, but I think he really suggests his very own Force =
Index and=20
Elder-Ray.<SPAN style=3D"mso-spacerun: yes"> </SPAN>I was =
also=20
thinking of adjusting his recommended stop losses to compensate =
for=20
possible whipsawing. <SPAN style=3D"mso-spacerun: =
yes"> </SPAN><SPAN=20
class=3DGramE>Any suggestions?</SPAN><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I was thinking of a =
moving exit=20
using 1.2 times the 10 day ADR and possibly switching over to =
the=20
parabolic system during a runaway =
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 =
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=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"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=20
face=3D"Times New Roman" size=3D3><SPAN=20
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=20
color=3Dblue size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">Katherine is=20
quite correct about using the A/D to help identify stocks to =
consider=20
and possibly add to one's portfolio. I rely on setting up =
an alert=20
and/or stop loss point using a trailing stop to protect my =
position=20
profits. Then, if we get stopped out of a position, we =
consider=20
re-buying the position when the stock regains the stop loss =
point if the=20
basic fundamentals and other technical aspects remain within our =
overall=20
criteria. If not, we pass on=20
re-buying.</SPAN></FONT><o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" 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 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>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=20
face=3DTahoma size=3D2><SPAN=20
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"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=20
face=3D"Times New Roman" 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=20
face=3D"Times New Roman" 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=20
face=3D"Times New Roman" size=3D3><SPAN style=3D"FONT-SIZE: =
12pt">In my=20
experience, the A/D is a decent tool when buying into a long =
position=20
(limiting buys to A, B or C) but it's a lousy indicator of =
tops. I=20
remember in the March of 2000 that all the top stocks =
still had=20
an "A" rating long after they'd crashed off their tops. The 13 =
weeks=20
included in the indicator makes is a lagging indicator in my =
mind, too=20
slow to catch the very near term price action in a stock that =
often=20
triggers sell rules.<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT=20
face=3D"Times New Roman" 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=20
face=3D"Times New Roman" size=3D3><SPAN style=3D"FONT-SIZE: =
12pt">The IBD=20
says they don't see it as a lagging indicator and that it is =
one of=20
their "fastest." Faster? Yes, faster than RS (52 weeks) or GRS =
(26=20
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=20
face=3D"Times New Roman" 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=20
face=3D"Times New Roman" 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 =
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=20
face=3DTahoma size=3D2><SPAN=20
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">=20
</SPAN></FONT><st1:time Hour=3D"6" Minute=3D"27"><FONT =
face=3DTahoma=20
size=3D2><SPAN 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=20
thinking that accumulation/distributor indicator seems to be =
a=20
valuable tool if there is a lot (for lack of a better term) =
of=20
institutional sponsorship.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>What do y=92all 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></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0099_01C360AB.88964750--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Articles sorted by: [Date]
[Author]
[Subject]