Good question, I think so. I mean, CANSLIM makes sense to me. But I think more weight goes to the charts. Price pays
Murray might be a good guy to bounce ideas off of, he's been an O'Niell/IBD guy since Noah was in diapers. Have you done many https://www.dogpile.com searches using O'Niell along with other words like investing, trading, sector, setups, entries, exits, ... you know, like that kind of stuff. It can add a lot to the book stuff.
%% THAT was the original system. CAN SLIM+ charts always had a max stop loss of 7-8%; the EPS + such fundamentals were just a wise screen. Dont worry if some of its unclear\ i never really spotted a cup with handle , all these years/ except in his book LOL Back to the charts +200day moving average.....................
%% Good points. CAN SLIM is still great \i use it for ETFs. IBD founder, back when he was still running the Company said ''i dont know why people use ETFs/ i can make more money with stocks'' i DO I CAN AVERAGE LESS LOSSES WITH etfs, SO MOST LIKELY MAKE MORE oVer TIME. FOR sure its a thrill + good money when you catch a hot stock trend or inverse bear ETF.........................................................................................................................
%% Mostly true\even though those 3x bullish = 3x bearish can + have gapped up + down huge. Monthly moves 50% month / peak to valley/SPXS
Other thing to keep in mind it is not the just the lows of the "base" that defines it, it is mostly, imo, the peaks that define the bases. I.e. you can find a lot of patterns that look identical to the basing bars but are not as significant because the peaks are not as well defined. This should help eliminate a lot of noise in your scans.