Go to Jeff Salisbury LWGate Home Page.From: "Jeff Henderson" <JHend746@cox.net>
Subject: [CANSLIM] negatives of CANSLIM
Date: Sun, 17 Aug 2003 16:17:58 -0500
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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
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<p class=3DMsoNormal><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><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><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 <span class=3DSpellE>WON’s</span> =
entry
signals, specifically the chart patterns, I will quote Tharp from his =
book, <u>Trade
your way to Financial Freedom</u> <span class=3DSpellE>re<span =
class=3DGramE>:Chart</span></span>
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 =
<span
class=3DSpellE>anyevidence</span> that they increase the reliability of =
entry
signals beyond the 50 percent level.”<span
style=3D'mso-spacerun:yes'> </span>I do not doubt <span =
class=3DSpellE>WON’s</span>
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><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Jeff<o:p></o:p></span></font></p>
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