US - Market Direction 01 (May 08 - Jul 08)

[kennynah]

bo uay kong man....

new pattern now..."tan ku jiu wu"....wahahaha,.....patience in ang mor...

[blid2def]

K - I think the confusion is because you asked the "wrong" question in the first place.

MM said that in his opinion, the cup-and-handle is more applicable to stocks than indexes. You followed up by asking if CANSLIM is applicable to indexes. I find that an odd question, and it could explain why you got an odd answer from MM. Hahaha.

I think if you asked why MM felt the cup-and-handle chart pattern wasn't as applicable to indexes, you'd get an answer.

When you ask if CANSLIM is applicable to indexes, it's odd to me because CANSLIM is used for stock picking based on various properties, with market direction being one of them. When you ask if CANSLIM is applicable to an index, it's odd because the movement of the index is part of the CANSLIM consideration - you don't "apply" CANSLIM to the index per se. Okay, if you really wanted to do that, you could compile the earnings of the companies in the index, compile the no. of new managers, products, the total institutional buying and selling, etc. but it doesn't make sense to me...

So maybe the issue is asking the wrong question. Or at least that's how I see it.

[blid2def]

bo uay kong man....

new pattern now..."tan ku jiu wu"....wahahaha,.....patience in ang mor...

Eh... this one can die leh. If I keep averaging down a loser, tan ka si ma bo. Hahahaha...

[millionairemind]

bo uay kong man....

new pattern now..."tan ku jiu wu"....wahahaha,.....patience in ang mor...

Eh... this one can die leh. If I keep averaging down a loser, tan ka si ma bo. Hahahaha...

Wu lah, wait for 40years for the next SUPER BULL... sure come... if you not around.. son tan ku ku tio wu.. or grandson oso can

[kennynah]

K - I think the confusion is because you asked the "wrong" question in the first place.

MM said that in his opinion, the cup-and-handle is more applicable to stocks than indexes. You followed up by asking if CANSLIM is applicable to indexes. I find that an odd question, and it could explain why you got an odd answer from MM. Hahaha.

I think if you asked why MM felt the cup-and-handle chart pattern wasn't as applicable to indexes, you'd get an answer.

When you ask if CANSLIM is applicable to indexes, it's odd to me because CANSLIM is used for stock picking based on various properties, with market direction being one of them. When you ask if CANSLIM is applicable to an index, it's odd because the movement of the index is part of the CANSLIM consideration - you don't "apply" CANSLIM to the index per se. Okay, if you really wanted to do that, you could compile the earnings of the companies in the index, compile the no. of new managers, products, the total institutional buying and selling, etc. but it doesn't make sense to me...

So maybe the issue is asking the wrong question. Or at least that's how I see it.

confuse me more....

i take that canslim technique cannot be applied to forecast index movement....yes or no ? simple question....

[blid2def]

CANSLIM does teach a technique for spotting distribution days and attempted rallies in the broad indexes (that's part of the "M" part of it). So, for me, the answer to your simple question, in my view, is "yes, it can be applied" (although I know some folks will get touchy about the terms "forecast", "predict", etc.).

[kennynah]

thank u.....

and the rest of canslim practitioners?

[blid2def]

I don't get a prize for being the first to give you an answer ah?

[millionairemind]

GR is correct.. but hor... one thing to put in perspective, we don't forecast... we don't predict, we follow... only after the market has confirmed it!

[kennynah]

I don't get a prize for being the first to give you an answer ah?

gr/mm

throw u a party



but of cos canslim forecasts....it forecasts that when all the ingrdients are in place, u predict price will surge upwards...let's not pretend this is not forecasting....