Go to Jeff Salisbury LWGate Home Page.From: "Jeff Henderson" <JHend746@cox.net>
Subject: RE: [CANSLIM] negatives of CANSLIM
Date: Sun, 17 Aug 2003 17:06:50 -0500
Next Article (by Subject): Re: [CANSLIM] negatives of CANSLIM "Gene Ricci"
Previous Article (by Subject): [CANSLIM] negatives of CANSLIM "Jeff Henderson"
Top of Thread: [CANSLIM] negatives of CANSLIM "Jeff Henderson"
Next in Thread: Re: [CANSLIM] negatives of CANSLIM "Gene Ricci"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0008_01C364E1.F32A22F0
Content-Type: text/plain;
charset="us-ascii"
Content-Transfer-Encoding: 7bit
Also I would never do percent stop losses or at least keep it at a flat
rate. I think moving stop losses based on volatility seem more logical.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Henderson
Sent: Sunday, August 17, 2003 4:18 PM
To: Canslim
Subject: [CANSLIM] negatives of CANSLIM
Hi group,
I'm glad that we can discuss companies using CANSLIM to evaluate
companies, but I was wondering if any of you think there are any
negatives to this system (as discussed in HTMMIS). I think it's
important to fully evaluate a system, look for any absolutes or
conditionals in the system and evaluate it against other options. For
example I know CANSLIM works the best during a bull market and we are
not in a full fledged bull market right now. Also, as far as using
WON's entry signals, specifically the chart patterns, I will quote Tharp
from his book, Trade your way to Financial Freedom re:Chart patterns in
general "However, such patterns are very difficult to computerize and
thus test. In addition when people do test these various patterns, they
do not find anyevidence that they increase the reliability of entry
signals beyond the 50 percent level." I do not doubt WON's methods, but
I believe that skepticism is healthy and that is beneficial to discuss
potential flaws in a system.
Jeff
- ------=_NextPart_000_0008_01C364E1.F32A22F0
Content-Type: text/html;
charset="us-ascii"
Content-Transfer-Encoding: quoted-printable
<html xmlns:o=3D"urn:schemas-microsoft-com:office:office" =
xmlns:w=3D"urn:schemas-microsoft-com:office:word" =
xmlns:st1=3D"urn:schemas-microsoft-com:office:smarttags" =
xmlns=3D"http://www.w3.org/TR/REC-html40">
<head>
<META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; =
charset=3Dus-ascii">
<meta name=3DProgId content=3DWord.Document>
<meta name=3DGenerator content=3D"Microsoft Word 10">
<meta name=3DOriginator content=3D"Microsoft Word 10">
<link rel=3DFile-List href=3D"cid:filelist.xml@01C364E1.F217EFA0">
<o:SmartTagType =
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"
name=3D"time"/>
<o:SmartTagType =
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"
name=3D"date"/>
<!--[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 Definitions */
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;
mso-font-charset:0;
mso-generic-font-family:swiss;
mso-font-pitch:variable;
mso-font-signature:553679495 -2147483648 8 0 66047 0;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{mso-style-parent:"";
margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";}
a:link, span.MsoHyperlink
{color:blue;
text-decoration:underline;
text-underline:single;}
a:visited, span.MsoHyperlinkFollowed
{color:purple;
text-decoration:underline;
text-underline:single;}
span.EmailStyle17
{mso-style-type:personal;
mso-style-noshow:yes;
mso-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;
font-family:Arial;
mso-ascii-font-family:Arial;
mso-hansi-font-family:Arial;
mso-bidi-font-family:Arial;
color:windowtext;}
span.EmailStyle18
{mso-style-type:personal-reply;
mso-style-noshow:yes;
mso-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;
font-family:Arial;
mso-ascii-font-family:Arial;
mso-hansi-font-family:Arial;
mso-bidi-font-family:Arial;
color:navy;}
@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;}
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 link=3Dblue vlink=3Dpurple =
style=3D'tab-interval:.5in'>
<div class=3DSection1>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Also I would never do percent stop =
losses
or at least keep it at a flat rate.<span =
style=3D'mso-spacerun:yes'>
</span>I think moving stop losses based on volatility seem more =
logical.<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>Jeff Henderson<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"17" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Sunday, August 17, =
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"16" Minute=3D"18"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>4:18 PM</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] =
negatives of
CANSLIM</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>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Hi =
group,<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><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:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>I’m glad that we can =
discuss
companies using CANSLIM to evaluate companies, but I was wondering if =
any of
you think there are any negatives to this system (as discussed in =
HTMMIS).<span
style=3D'mso-spacerun:yes'> </span>I think it’s important to =
fully evaluate
a system, look for any absolutes or conditionals in the system and =
evaluate it
against other options.<span style=3D'mso-spacerun:yes'> </span>For =
example
I know CANSLIM works the best during a bull market and we are not in a =
full
fledged bull market right now.<span style=3D'mso-spacerun:yes'>
</span>Also, as far as using WON’s entry signals, specifically the =
chart
patterns, I will quote Tharp from his book, <u>Trade your way to =
Financial
Freedom</u> re:Chart patterns in general “However, such patterns =
are very
difficult to computerize and thus test.<span =
style=3D'mso-spacerun:yes'>
</span>In addition when people do test these various patterns, they do =
not find
anyevidence that they increase the reliability of entry signals beyond =
the 50
percent level.”<span style=3D'mso-spacerun:yes'> </span>I do =
not
doubt WON’s methods, but I believe that skepticism is healthy and =
that is
beneficial to discuss potential flaws in a =
system.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><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:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Jeff<o:p></o:p></span></font=
></p>
</div>
</body>
</html>
- ------=_NextPart_000_0008_01C364E1.F32A22F0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): Re: [CANSLIM] negatives of CANSLIM "Gene Ricci"
Previous Article (by Subject): [CANSLIM] negatives of CANSLIM "Jeff Henderson"
Top of Thread: [CANSLIM] negatives of CANSLIM "Jeff Henderson"
Next in Thread: Re: [CANSLIM] negatives of CANSLIM "Gene Ricci"
Articles sorted by: [Date]
[Author]
[Subject]