Recent content by hezhu

Friday will be a great day for day trader. Buy dip or Sell bounce.

Maybe the study should be renamed to be "study of some patterns from CANSLIM". The test doesn't mean to prove wrong. If the pattern itself works statistically, CANSLIM should do much better after considerations of all other factors. Why is there a pattern? It must has its reasons as described...

Yes. The definition for patterns used in the study is parameterized with specific values such as the width and the depth of the cup on a uptrend. With the help of AQ software, it is easy to complete and doing such things. For example, to find the tops and bottoms of points skipping small waves...

Right. It is not strict CANSLIM. But one of the critical factors of CANSLIM is the patterns (such as cup with/without a handle). If we can test this pattern, and know the performance statistically without even considering the fundamentals, I think it is valuable. If the test results shows...

A quantitative and objective study of CANSLIM is here. http://www.elitetrader.com/vb/showthread.php?s=&threadid=35216

It is helpful to use a pattern search tool and a chart slide show tool to find all stocks to form the cup with an handle quickly. I used use a free software aq to do this. then you can analyse the qualitative sides of selected stocks following CAN-SLIM. I used to do some backtest for patterns...