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1999-08-31
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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #690
Reply-To: canslim
Sender: owner-canslim-digest@lists.xmission.com
Errors-To: owner-canslim-digest@lists.xmission.com
Precedence: bulk
Content-Transfer-Encoding: quoted-printable
X-No-Archive: yes
canslim-digest Wednesday, September 1 1999 Volume 02 : Number 690
In this issue:
[CANSLIM] HH B/O
Re: [CANSLIM] acc/dis numbers
[CANSLIM] stock listing name change
RE: [CANSLIM] Acc/Dis
Re: [CANSLIM] stock listing name change
[CANSLIM] DGO
[CANSLIM] Changing your canslim subscription
----------------------------------------------------------------------
Date: 30 Aug 1999 19:52:10 -0700
From: "Tim Fisher" <tim@orerockon.com>
Subject: [CANSLIM] HH B/O
Beautiful volume B/O in HH today.
P.S. I've been in.
Tim Fisher, 1995 President, Pacific Fishery Biologists
Ore-ROCK-On Rockhounding Web Site
PFB Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com
- -
------------------------------
Date: Tue, 31 Aug 1999 13:29:02 GMT
From: musicant@pacbell.net (Dan Musicant)
Subject: Re: [CANSLIM] acc/dis numbers
On Mon, 30 Aug 1999 13:27:19 GMT, you wrote:
:Umm...did you forget the stock symbols? How do I make sense of this?
:
:Dan
I am informed that this is for the entire market. However, I can't get
the columns to line up even when I display this in Courier
(non-proportional font). Can someone give me some tips on how to use
this data? Thanks.
Dan
:On Sun, 29 Aug 1999 00:01:01 EDT, you wrote:
:
::Here are the latest acc/dis numbers
::
::Date A B C D E AB/A:E %E
::8/2/1999 1234 2835 1309 990 342 61% 5%
::8/3/1999 1237 2836 1310 986 336 61% 5%
::8/4/1999 1203 2828 1324 1008 334 60% 5%
::8/5/1999 1112 2808 1344 1049 361 59% 5%
::8/6/1999 1022 2762 1358 1097 401 57% 6%
::8/9/1999 949 2762 1396 1119 403 56% 6%
::8/10/1999 945 2676 1416 1161 431 55% 7%
::8/11/1999 940 2629 1400 1197 461 54% 7%
::8/12/1999 850 2530 1412 1285 518 51% 8%
::8/13/1999 890 2537 1400 1279 508 52% 8%
::8/16/1999 902 2549 1423 1243 502 52% 8%
::8/17/1999 944 2636 1357 1216 469 54% 7%
::8/18/1999 939 2648 1330 1216 490 54% 7%
::8/19/1999 979 2643 1368 1181 461 55% 7%
::8/20/1999 960 2652 1336 1188 489 55% 7%
::8/23/1999 946 2658 1353 1194 477 54% 7%
::8/24/1999 964 2706 1321 1179 470 55% 7%
::8/25/1999 1016 2731 1293 1140 455 56% 7%
::8/26/1999 1026 2674 1338 1121 474 56% 7%
::8/27/1999 1009 2735 1307 1123 462 56% 7%
::8/30/1999 965 2704 1380 1125 460 55% 7%
::
::Spreed sheet version
::
::Date,A,B,C,D,E,AB/A:E,%E
::
::8/2/1999,1234,2835,1309,990,342,61%,5%
::8/3/1999,1237,2836,1310,986,336,61%,5%
::8/4/1999,1203,2828,1324,1008,334,60%,5%
::8/5/1999,1112,2808,1344,1049,361,59%,5%
::8/6/1999,1022,2762,1358,1097,401,57%,6%
::8/9/1999,949,2762,1396,1119,403,56%,6%
::8/10/1999,945,2676,1416,1161,431,55%,7%
::8/11/1999,940,2629,1400,1197,461,54%,7%
::8/12/1999,850,2530,1412,1285,518,51%,8%
::8/13/1999,890,2537,1400,1279,508,52%,8%
::8/16/1999,902,2549,1423,1243,502,52%,8%
::8/17/1999,944,2636,1357,1216,469,54%,7%
::8/18/1999,939,2648,1330,1216,490,54%,7%
::8/19/1999,979,2643,1368,1181,461,55%,7%
::8/20/1999,960,2652,1336,1188,489,55%,7%
::8/23/1999,946,2658,1353,1194,477,54%,7%
::8/24/1999,964,2706,1321,1179,470,55%,7%
::8/25/1999,1016,2731,1293,1140,455,56%,7%
::8/26/1999,1026,2674,1338,1121,474,56%,7%
::8/27/1999,1009,2735,1307,1123,462,56%,7%
::8/30/1999,965,2704,1380,1125,460,55%,7%
::
::Robert
::
::-
::
:
:
:
:
:
:-
:
- -
------------------------------
Date: Tue, 31 Aug 1999 13:45:33 -0500
From: Doug Scoda <playinguitar@home.net>
Subject: [CANSLIM] stock listing name change
If I am following a stock listing and one day its symbol is
xxxx and the next day the symbol is
xxxx.ob, does this carry any significance?
- -
------------------------------
Date: Tue, 31 Aug 1999 13:04:14 -0700
From: "mikelu" <mikelu@foxinternet.net>
Subject: RE: [CANSLIM] Acc/Dis
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of rolatzi
Sent: Tuesday, August 03, 1999 7:21 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Acc/Dis
Jeff
I did manage to find something written by Ian Woodward about
this indicator and it actually seems to be working correctly and
has worked pretty well as follows:
A healthy market will usually fluctuate between 62% to 75%
Occasionally, this number will rise as high as 80%, but this is
the exception rather than the rule, and has only occured once
(from June to Oct, this year) in the four years of statistics on
these numbers. Once the number gets close to 75%, one should be
alerted that the market is very extended and is likely to go
through a correction. This occured in June of 1996, Feb 1997 and
Oct 1997. As the market corrects and the % of A+B comes down
from 75%, if it holds at or around 62%, the correction is minor.
If the ratio of A+B to Total subsequently drops below 62%, you
can expect at least an intermediate correction of >10%.
On each occasion, the resulting drop of A+B to the Total below
62%, fell to around 45%, with the market broken. It hovered at
these levels for a few weeks before retracing back up quickly to
above 62%, the entire drop to retrace to this level taking
approximately 4 weeks.
With the number currently at 53%, the market is still weak and
in a state of flux. It needs to get above 62% before you can
feel comfortable that there is sufficient strength and breadth
in the market. This implies that the number for A+B should be
around 4500 total. It has another 700 to go, so it still has a
fair amount of repair ahead. You should also understand that
as the market gets trashed the number of stocks (>$5) goes down,
and vice versa. So the current number of 7198 will rise and
fall with the strength or weakness of the market. For example,
at its peak at the end of October, this total number was about
7570.
Likewise, the % of "E" will also give you a clue. Currently,
this is 515/7198 = 7.15% - that's bad!
For a stable and meaningful market, this number should stay
below 4%. As you would expect, the "E" chart pattern is the
reverse of the A+B/Total. It hit a peak of between 8 to 10% on
the same three occasions mentioned above, and retraced down to
the 4% or below level after 4 weeks. You want to watch the # of
"E's" come down below 300 for you to be comfortable that the
market has repaired. The steady state is between 1.5 to 4% or
100 to 300 stocks in category "E". Likewise, when it gets as low
as 1.5 to 2%, you should be on the look out that the market is
overextended (over-rich), and is due for a correction.
If you put this stuff in a spreadsheet, you can watch the
changes and graph the results. With trendlines, you can
anticipate when a market is about to break or about to repair!
Perhaps Robert can repost the numbers again for the group to
learn this lesson again until it is learned.
Ciao,
rolatzi
With regard to the semis and biotechs, I think that each market
turn has its own leaders and laggards and I don't think there is
anything magical about this one having them as its leader. As I
recall other corrections in the past have had these two sectors
leading the way down.
Perhaps the strength of these two sectors give us optimism that
the market is in a healthy correction and that we are primarily
wiping out the excesses of the internet bubble.
- --- postwhit@sover.net wrote:
> > Date: Tue, 3 Aug 1999 05:59:40 -0700 (PDT)
> > From: rolatzi <rolatzi@yahoo.com>
> > Subject: [CANSLIM] Acc/Dis
> >
> > These are the latest Acc/Dis numbers from Robert. What are
> > people's take on this indicator? It seems that while showing
> a
> > little weakness it has held up better than the averages and
> has
> > not signalled a sell as has the distribution and compression
> > days of the averages.
> > Thanks,
> > Rolatzi
> >
>
>
> This is interesting, rolatzi. I was watching the market while
> eating a
> sandwich during the noon hour today and thinking how peculiar
> that
> Biotech and Semiconductor stocks have been holding up so well,
> if not
> moving up (INTC, for example). Are these two things related?
> Is this
> out of the ordinary following such a clearly defined price and
> volume
> turn? How did previous potential turns look as far as the
> ACC/DIS
> numbers that you are posting?
>
> Thanks,
>
> jeff
>
> -
>
>
_____________________________________________________________
Do You Yahoo!?
Free instant messaging and more at http://messenger.yahoo.com
- -
- -
------------------------------
Date: Tue, 31 Aug 1999 22:05:07 -0400
From: Al French <alfrench@erols.com>
Subject: Re: [CANSLIM] stock listing name change
It acts like it was delisted by NASDAQ and is now listed on the
over-the-counter market. That sure won't generate any additional buying
pressure.
Al French
Doug Scoda wrote:
> If I am following a stock listing and one day its symbol is
>
> xxxx and the next day the symbol is
>
> xxxx.ob, does this carry any significance?
>
> -
- -
------------------------------
Date: Tue, 31 Aug 1999 22:19:46 -0400
From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] DGO
For the members that are subscribers, the new release is to
come out tomorrow. There should be an email announcing it.
Thought you'd like to know.
Tom Worley
stkguru@netside.net
chat with me at ICQ # 5568838
get ICQ software at http://www.icq.com/icqhomepage.html
- -
------------------------------
Date: 1 Sep 1999 08:00:02 -0600
From: owner-canslim@lists.xmission.com (Jeff Salisbury)
Subject: [CANSLIM] Changing your canslim subscription
This is a monthly posting to the CANLSLIM group.
Frequently, people sign up for the canslim list and then are overwhelmed by
the volume of the email. There are two remedies for this problem: 1) You
can leave our group, or 2) you can switch to the digest version which
"conglomerates" many canslim messages into one large message.
To change your configuration, email a message to:
majordomo@xmission.com
The remove yourself from the canslim list, write in the body of the email:
unsubscribe canslim
To add yourself to the digest version of the canslim list, write in the
body of the email:
subscribe canslim-digest
For general help with majordomo commands, write in the body of the email:
help
If you need further clarification, write me directly at:
canslim-owner@lists.xmission.com
Best Regards,
Jeff Salisbury - CANSLIM list admin / owner
- -
------------------------------
End of canslim-digest V2 #690
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