with so many stocks to choose from how do you go about narrowing down your search for good picks? Do you have to randomly look at hundreds of charts or is there a more logical appraoch?

Steve, If I was in the U.S. I would pick up the phone and call KR's stock chart company and order one of his charting books. I am not, though, so I get to do it the "hard way" which really isn't that hard.

With the idea of buying low and selling high, I decided i would like to select stocks under $5 exhibiting consolidation (base ) action of at least about 3years or stocks completing a slow 2 year downtrend. So...

- I pick up the Toronto Globe and Mail and, starting at the "a"s, I circle all stocks under 5 bucks.

- I then go on-line to a site such as

http://www.bigcharts.com/custom/investorline-com/investorline.asp?symb=ts300

- I select "All Data" and input the stock symbol to view the long term chart. This of course tells you if you would be interested or not. Only look for potential stocks you may be able to enter shortly, as you will find many well into their markup stage and need not watch (unless you want to of course).

- I print off the long term chart and a shorter 1-3 year chart to help me pinpoint possible entry points over recent resistance/ downtrend breaks.

- I just continue to add to my charts each day or week and watch daily those I have already selected. At present, I have done the TSE and am working through the CDNX exchange (which will take longer because most stocks here are under $5.)


Today's picks on CDNX are

CPV- presently breaking out of great 1 yr base.

CVR- Pulling back out of fast break over base.

KPG- Solid base. Watching for break or possible buy in lower level of consolidation.

COU- Very fast break over base, watching for pullback.

For those not wanting to purchase KR's stock book for the U.S., I am sure this would work using a Big Chart site in the U.S.(try http://www.ragingbull.com/ ) for U.S. stocks.

Take care Steve.

Lester ^2^

Your post shows how to do the TW method on our own without ordering more expensive updated charts and that's great. Saving money on the expense side is part of making money, too.

Great inspirational post and thanks for the verbal descriptions of the charts that you found interesting. This is something that I myself will start using.

I'm sure that if the visitors to this forum used that info, we certainly would NOT affect the price unfavorably. It makes this forum a learning space-- just like I had envisioned it could be when I created it.

Lester, your comments were helpful. Is your choice to trade the Canadian markets simply an arbitrary one? - you could get one of KR chart books and trade the other markets as well couldn't you?
Thanks for your input!

heads up on kpg.check out bigcharts quickchart and look up news.they announced they are going private and shareholders will receive 1.53 for their shares.not sure if deal is final but i would stay away,jmo.

I like Lester's approach as described above. He set parameters in a way the describes an idea TW situation.