RE: [CANSLIM] TC2K

From: "Harold Josephson" <hj@hjosephson.com>
Subject: RE: [CANSLIM] TC2K
Date: Sun, 17 Aug 2003 12:58:44 -0700
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On Thursday, the 14th, cwhCharts produced seven of which four were
sustained.  Friday, I received only one.

Cheers

Harold Josephson
Tel: 323.850.1333
Fax: 323.512.8968=20
hj@hjosephson.com

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of DMC197807
Sent: Sunday, August 17, 2003 8:17 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
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>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
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>
>
>
> -
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> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.


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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.


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- -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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- -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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