Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <ffr@adrich.com>
Subject: RE: [CANSLIM] TC2K
Date: Sun, 17 Aug 2003 10:49:50 -0500
Previous Article (by Subject): Re: [CANSLIM] TC2K "DMC197807"
Top of Thread: RE: [CANSLIM] TC2K "Harold Josephson"
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The number of stocks meeting my screens have been declining since the
middle of May and have almost gone off the chart the last three weeks.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807
Sent: Sunday, August 17, 2003 10:17 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] TC2K
Harold,
My pleasure. I've noticed just in the past few days that the number of
canslim candidates the scanners are spitting out is falling. For
example, my 3 scans only produced 5 candidates, in total, based on
Friday's close. I'm thinking about why that is the case (I don't think
the lighter vols on Thursday & Friday would do it).
I'm curious if other scans are drying up as well?
Hmmm.
DMC
- ----- Original Message -----
From: "Harold Josephson" <hj@hjosephson.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, August 16, 2003 11:48 PM
Subject: RE: [CANSLIM] TC2K
OOPS,
Please ignore my later email with the same request.
And thanks for the help
Help
Harold Josephson
Tel: 323.850.1333
Fax: 323.512.8968
hj@hjosephson.com
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807
Sent: Sunday, July 27, 2003 9:32 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] TC2K
Lonnie,
When I originally programmed my own canslim, I just used existing PCFs.
But Steve Goodwin was kind enough to send me the following, which I have
been playing with over the weekend (I now have 3 versions, but that's
just me):
First create these 4 PCF s and then update all.
1 Name: Canslim Volume % Change
Formula: ((V-AVGV50)/100)
2 Name: Canslim Relative Strength
Formula: (C/(C250+.001))
3 Name: Canslim Dahl (89)
Formula: ((AVGC89-AVGC89.27)>0)
4 Name: Canslim Acc/Dis
Formula: AVG(BOP,65)
Then (the rest of the message won't copy), set a new easy scan at:
capitalization at 1 - 95
earnings growth rate 5 year at: 74-99
eps percent change latest year at 56-99
canslim acc dist at: 80-99
canslim dahl
canslim rel str value at: 80 to 99
canslim vol % change at 85 to 99
price as percent of 52 week high price H: 64-99
price per share H at: 54-99
If this one doesn't give you enough candidates, you may want to keep it
as CANSLIM #1 and add an easier version by changing the parameters as
CANSLIM #2, etc.
(This is why I'm now playing with 3 versions).
DMC
- ---- Original Message -----
From: "Lonnie Brauner" <lonnie@hal-pc.org>
To: <canslim@lists.xmission.com>
Sent: Sunday, July 27, 2003 6:57 PM
Subject: RE: [CANSLIM] Another mystery plunge
> DMC,
>
> Could you share the programming?
>
> "As for programming the TC2K for canslim, I did it in about 5
> minutes--it was pretty easy. "
>
> Thanks, Lonnie
>
> Long time TC2000 user.
>
>
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807
> Sent: Friday, July 25, 2003 12:38 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] Another mystery plunge
>
>
> Pritish,
>
> No offense taken. I have no financial stake in any of these services.
> TC2K is a data service with free software. The data I purchase (about
> $20/month) I use not only to feed my TC2K monster, but my Metastock
> and AmiBroker as well. I could use the data in other ways, too, but
> time becomes an issue. So the TC2K, with rather astounding, and
> astoundingly easy, programmability, costs me $240 per year.
>
> Let's remember what we're trying to do here: find a stock, one stock,
> that is the most likely to perform, and find that one stock on a
> frequency that matches our investment/speculation goals. I will hold
> a stock 1 day to 3 months (or longer) for performance, so I'm happy if
> I can find the one stock out of 8,000 candidates once a week or so.
> I'm also happy to look at the charts of 40 stocks a day (TC2K is
> really pretty marvelous in its speed and
> programmability) to do so. It's quite relaxing, rather like playing
> cards. I also have it programmed for MA crossovers, bullish and
> bearish moneystream indications, volume surges, and high beta stocks
> showing interesting price to moving average movements.
>
> As for programming the TC2K for canslim, I did it in about 5
> minutes--it was pretty easy. Does it match the CET thing? I don't
> know, CET is proprietary (I guess mine is too!). But it does spit out
> 5-10 canslim candidates daily. After that, I apply various other
> filters and then look at the charts.
>
> And I'm not criticizing breakoutwatch.com or other programs. What
> really brought this up was Hong's statement that OSTE's TA was "great"
> based on a blackbox rating. When you look at the daily chart,
> however, paying close attention to price action and volume, and other
> indicators, it seemed clear that the TA was at least questionable. In
> a feverishly bullish market, yes, it might continue higher. With the
> VIX spiking below 20, SPX COTs skewed completely against the market,
> bull/bear at extremely bearish positions, and put/call reminding us of
> May 02, is this the time to be going long on any stock.
>
> DMC
>
> ----- Original Message -----
> From: "Pritish Shah" <pshah@lason.com>
> To: <dmc197807@comcast.net>; <canslim@lists.xmission.com>
> Sent: Friday, July 25, 2003 9:56 AM
> Subject: Re: [CANSLIM] Another mystery plunge
>
>
> DMC,
>
> Please do not consider what I say as criticism.
>
> With TC2K, you also have to purchase the subscription. Once you do
> that, you have to do the programming in it with the information that
> it gives. If such a program exists, then great. If not, then you have
> to do it yourself.
>
> Also with TC2K, do you have to have the software running to get the
> alerts?
>
> I am one of the subscribers of breakoutwatch.com and I find it
> convenient that I can get the alerts anywhere via email.
>
> I look at Total Cost of Ownership. If I were to spend five weeks
> programming and perfecting TC2K, then I would have spent 5 wks * 40
> hrs/wk * $40/hr or $8000 +$300/yr. In contrast, my Total Cost of
> Ownership for breakoutwatch.com to be effective is $900/yr.
>
> No indicators are infallible. This is an "odds" game. What are the
> odds of you succeeding? If you can improve the odds above 50%, you are
> successful. If you improve the odds to 60%, it is good. If a tool
> helps you improve the odds to 80%, it is great and that is what any
> indicator is about.
>
> For some TC2K makes sense. For others breakoutwatch.com makes sense.
>
> Pritish
>
> >>> dmc197807@comcast.net 7/25/2003 12:30:15 PM >>>
> Hong,
>
> I'm not familiar with breakoutwatch.com's service (although I did just
> visit their site). It looks pretty pricey for something you can
> probably program pretty well with TC2K and a subscription to IBD.
> $900 per year for the "platinum" service?
>
> In general I don't think black boxes or canned trading systems work.
> What works is careful screening, careful analysis, disciplined trading
> and disciplined money and position management. Of these four, the
> most important are the latter two.
>
> Academics (business schools) like to point out that no TA system has
> been successfully backtested to perform over lengthy periods of time.
> True enough, because it is impossible to put in enough general market
> and proof of trend indicators to reach a "scientific answer." Further
> proof of failure of black box systems was the LTCM debacle. Also, as
> Steve Nison likes to point out in analyzing candlesticks, unless you
> can define the trend, you don't have a candlestick.
>
> The big question here, the first question, is what is the condition of
> the market.
>
> Finally, as for the CET thing on OSTE, with a rating of 6.8 out of 7.0
> and a big plunge, what does that tell you about the infallibility of
> their rating system?
>
> DMC
>
>
> ----- Original Message -----
> From: "Hong Hsu" <honghsu@bellatlantic.net>
> To: <canslim@lists.xmission.com>
> Sent: Friday, July 25, 2003 9:12 AM
> Subject: Re: [CANSLIM] Another mystery plunge
>
>
> > DMC,
> >
> > For OSTE, the total TA score (CET) from breakoutwatch.com is
> > 6.8 out of 7. With that score I will tend to believe it has solid
> > TA.
> Does
> > it? Maybe Katherine could share her insight.
> >
> > -Hong
> >
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the
> > email body, write "subscribe canslim" or -"unsubscribe canslim". Do
> > not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or -"unsubscribe
> canslim". Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or -"unsubscribe
> canslim". Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or -"unsubscribe
> canslim". Do not use quotes in your email.
>
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or -"unsubscribe
> canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
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Top of Thread: RE: [CANSLIM] TC2K "Harold Josephson"
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