CANSLIM & Momentum Investing 02 (Aug 09 - Dec 24)

[kennynah]

wah.... if i even have 1/nth portion of that above looks...i hide one corner tao chio until gay drop....

in any case... i've had people calling me L*n Jiao...that one best....wahahahaha...


i tellya who are the suave ones around here...

802 (visualise Hong Kong 富家子 looks)
GR (picture well kempt and sharp CEO)
MM (imagine masculine yet polished)

ladies in this forum... ya know who to send PMs to hor....

[Aspellian]

wah.... if i even have 1/nth portion of that above looks...i hide one corner tao chio until gay drop....

in any case... i've had people calling me L*n Jiao...that one best....wahahahaha...


i tellya who are the suave ones around here...

802 (visualise Hong Kong 富家子 looks)
GR (picture well kempt and sharp CEO)
MM (imagine masculine yet polished)

ladies in this forum... ya know who to send PMs to hor....

802 (visualise Hong Kong 富家子 looks) - 郭富城
GR (picture well kempt and sharp CEO) - 黎明
MM (imagine masculine yet polished) - 刘德华
Then Kenny must be 张学友 (funny<started in many crappy memorable comedies>, but with the charisma and real substance - 歌神！！)

[kennynah]

yeah....张学友 的脚毛 maybe...

[kennynah]

Hi Kenny-bro,
No worries, definitely not a contest. all of us are here to learn from one and another, no harm learning a new skill, a new weapon - you never know when you will use it or it could even suit your fighting style better.

on a serious note: what you have written above is the specifics .......
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Finally, you may ask - what makes me think that CANSLIM is the one method you should follow
My answer is - i dunno - i just have the FAITH.

if "the-slimmest-of-them-all" (i think very TALL and skinny ) has the time (after he fetched his kid home), patience and kindness (after so much of my praises), he may add in a few humble words...

thanks again for engaging me... and the time spent humouring me as well... all's well appreciated...

and in order to reciprocate your effort, i should once again ask you....

what exactly are you looking for using CANSLIM vis-a-vis this current chart (let's say you put up the SPX daily chart), that will help you determine when to make a trade, whether Long or Short, is the gist of my exact question.

theoretically, it is not difficult for anyone to digest CANSLIM methodology, it is the application of the technique that i so wish you can teach me...using SPX daily chart and annotating within, CANSLIM's suggested entry/exit going forward( and not back testing; ie, there's no need to highlight 5 years ago in 2004, Aug 3rd to Sept 20th, there were 7 accumulation days...and now see the cup and handle + handle formation is on Low volume + did not go lower than that low of Aug 18th, etc....)

i hope i'm not coming across as being obtuse here...but if it is causing you discomfort...please...post a picture of a "pig" and slap it at me...

but otherwise, i thank you in advance...and i look forward to your next educational post.

wish you HUat HUat !!! always...from henceforth...

[Aspellian]

theoretically, it is not difficult for anyone to digest CANSLIM methodology, it is the application of the technique that i so wish you can teach me...using SPX daily chart and annotating within, CANSLIM's suggested entry/exit going forward( and not back testing; ie, there's no need to highlight 5 years ago in 2004, Aug 3rd to Sept 20th, there were 7 accumulation days...and now see the cup and handle + handle formation is on Low volume + did not go lower than that low of Aug 18th, etc....)

Hi Kenny!

For me i am not good in the cup and hand thing, this i will learn more over time. Also that could be more applicable to US market when its better traded.. spore i not so sure. but if i know how to apply cups in spore mkt, i will be sure to tell u.

I am more focus on M - Market Direction of US indexes and apply it to the directional movement in STI. to make sure i do not invest against the wind. my observations is that multi-baggers are born from uptrend (bull), not downtrend, that is all i need to know.

I believe that if i am diligent enough, i am able to find the right growth stocks in spore market (ie. CANSLIm) - Current Earnings, Annual Earnings,/Reveue, New New New, Supply/Demand etc and all the many other teachings i learnt eg. ratios, accounting adjustments, quality of earnings, institutional support (funds), insider buy-ins, economy directions etc... or even turnaround plays, rotational sectors etc

the key is still to buy when the market is on uptrend. and sell when market downtrend. 5 fingers, 4 limbs theory.
I believe if you buy when the trend is right, the price movements will take care of itself... if it doesnt, cut loss lor!

sorry if my theory is so simplistic that it may not be the answer you looking for... my new motto is "keep things simple"

[kennynah]

thanks again...

a final question...what does M tell you abut the US indexes now?

[Aspellian]

thanks again...

a final question...what does M tell you abut the US indexes now?

welcome.

Now Uptrend. but when direction change tmr, next week or next month (which i really dunno), i will just follow and sell all and short.

mine is the rojak method. i Long Bananas when uptrend and Short pineapple when downtrend.

[kennynah]

noted.... good luck !!!

[Aspellian]

From another thread:
MM's comments
Mkt went up but on lower volume than Monday's total, which signals that the correction is still in place..

It is attempting to rally.... if it fails without a follow thro', then ho say liao
_________________________

Hi MM, i will like to ask the following:
Qn1, - when the subsequent follow-through occurs, (eg. 4 days later), is it to use 17th Aug (Correction) day's volume as a benchmark (eg. Day X)?
I know that follow-through occurs when during the rally attempts, the market doesnt under-cut its recent lows and follow-through is on "higher volume". I tot this "higher volume" is to compare against the previous day's volume (similar to distribution day calculation).

Qn 2, - if your answer to Qn 1 is "yes", does it mean that if the follow through doesnt materialise, and the index undercuts the previous index's low on higher volume (eg. Day Y), it means that Day Y will be the new benchmark to compare against a future follow through taking place? (instead of Day Y's low and volume previously recorded on 17th Aug)

[millionairemind]

Here's my take..

1. The day the mkt stops falling is the Day 1 of attempt rally. So technically speaking, Tuesday night counts as Day 1. Last night was Day 2. The higher vol is compared to previous day, you are right.

2. Yes, my understanding is the same. As long as previous low is undercut, mkt remains in a correction until the attempt rally succeeds. When mkt in correction, the volume that it falls will not matter. Some days will fall in higher or lower volume than others. It is the day when it stopped falling and attempting to rally which is considered Day 1 of attempt rally.

Hope this helps.