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Registered User
Joined: 10/25/2005
Posts: 44
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has anyone worked on canslim pivots?
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Registered User
Joined: 12/18/2004
Posts: 180
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Not in particular, but they should be the same as any other pivots--that is you buy (or sell, for shorts) once the price takes out the highest high (low) of a consolidation period. I think your best bet is not to write a PCF for this. My suggestion would be to write a screen for a consolidation of no less than seven weeks (the minimum amount of time allowed for what O'Niel defines as a proper base), or better yet, write a more general pullback screen that is not restricted from going back that far (or even further). When it hits on what appears to be a "genuine" base, the pivot will vary depending on the type of base. It could be the highest high on the right-hand side of the base, or the highest high since the base began. That's why I wouldn't recommend writing PCF to look for pivot points. Just look for the patterns and the pivot points themselves should be easy for you to identify.
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Registered User
Joined: 12/18/2004
Posts: 180
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QUOTE (Stmjd74) ...they should be the same as any other pivots--that is you buy (or sell, for shorts) once the price takes out the highest high (low) of a consolidation period.
Correction:
This would be true more so for the types of consolidation you spoke of, but for shorter-term pullbacks, your pivot may be below the high of the period.
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Registered User
Joined: 10/25/2005
Posts: 44
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dear stmjd74, what is your email i have the oneal formula not canslim i would like to see what you could do with it ,i am tired of watching videos..........Lin
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Registered User
Joined: 12/18/2004
Posts: 180
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line16;
You'd be better served asking one of the trainers. They can help you get it together. I am no expert on the O'niel strategies. I will tell you that, from my experience, there really is no exact formula to scan for the types of setups you're looking for. You can find consolidation patterns that may fit the patterns you're looking for. Craig, Doug, or Bruce can help you out with this. But you have to be able to recognize whether the patterns you find fit the criteria of what you're looking for and then decide if and where you should open a position. As far as giving you my email address, I don't think you are allowed to do that in this forum. What is it exactly that you're having trouble with?
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