Go to Jeff Salisbury LWGate Home Page.From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] negatives of CANSLIM
Date: Sun, 17 Aug 2003 21:25:47 -0500
Previous Article (by Date): RE: [CANSLIM] negatives of CANSLIM "Jeff Henderson"
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Jeff, you're going to be highly disappointed if you think that CANSLIM =
is a mechanical system.=20
Although I'm an advocate of many of Van Tharp's teachings..... I =
wouldn't call on him to discuss charts and/or the worthiness of =
patterns.=20
Gene
----- Original Message -----=20
From: Jeff Henderson=20
To: canslim@lists.xmission.com=20
Sent: Sunday, August 17, 2003 5:06 PM
Subject: RE: [CANSLIM] negatives of CANSLIM
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.
=20
-----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
=20
Hi group,
=20
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.
=20
Jeff
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<DIV><FONT face=3D"Comic Sans MS">Jeff, you're going to be highly=20
disappointed if you think that CANSLIM is a mechanical system.=20
</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Although I'm an advocate of many =
of Van=20
Tharp's teachings..... I wouldn't call on him to =
discuss charts and/or=20
the worthiness of patterns. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></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=3DJHend746@cox.net href=3D"mailto:JHend746@cox.net">Jeff =
Henderson</A>=20
</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> Sunday, August 17, 2003 =
5:06=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
negatives of=20
CANSLIM</DIV>
<DIV><BR></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">Also I =
would never do=20
percent stop losses or at least keep it at a flat rate.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I think moving stop losses =
based on=20
volatility seem more logical.<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 style=3D"MARGIN-LEFT: 0.5in"><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> =
<A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=20
[mailto:owner-canslim@lists.xmission.com] <B><SPAN=20
style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Jeff =
Henderson<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> </SPAN></FONT><st1:date =
Year=3D"2003"=20
Day=3D"17" Month=3D"8"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Sunday, August 17,=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
Minute=3D"18" Hour=3D"16"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">4:18=20
PM</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] negatives of =
CANSLIM</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">Hi=20
group,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
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 =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">I=92m glad that we can =
discuss=20
companies using CANSLIM to evaluate companies, but I was wondering if =
any of=20
you think there are any negatives to this system (as discussed in=20
HTMMIS).<SPAN style=3D"mso-spacerun: yes"> </SPAN>I think it=92s =
important=20
to fully evaluate a system, look for any absolutes or conditionals in =
the=20
system and evaluate it against other options.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>For example I know CANSLIM =
works the=20
best during a bull market and we are not in a full fledged bull market =
right=20
now.<SPAN style=3D"mso-spacerun: yes"> </SPAN>Also, as far as =
using WON=92s=20
entry signals, specifically the chart patterns, I will quote Tharp =
from his=20
book, <U>Trade your way to Financial Freedom</U> re:Chart patterns in =
general=20
=93However, such patterns are very difficult to computerize and thus =
test.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>In addition when people do =
test these=20
various patterns, they do not find anyevidence that they increase the=20
reliability of entry signals beyond the 50 percent level.=94<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I do not doubt WON=92s =
methods, but I=20
believe that skepticism is healthy and that is beneficial to discuss =
potential=20
flaws in a system.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
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 =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Jeff<o:p></o:p></SPAN></FONT></P></DIV></BLOCKQUOTE></BODY></HTML>=
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