GF:
You may or may not want to keep IBD forever, but after your trial you might want to give it a year. I don't think it's indispensable in any way, but it is excellent for keeping a serious investor/speculator on course. Everything in it, including the ads, I find interesting. I can't say I find anything worth reading, from a professional point of view, in the WSJ, NYT or any other paper. Of topical interest, yes, but helpful in making a profit? No. I actually save my old copies long enough to clip articles from them and put them in binders.
Curiously, though, as we probably head into some sort of correction here, the IBD/Canslim method will probably sputter a bit. It works best coming off a correction when a number of issues have been knocked back and forced to base. As you get into the methodology you'll get more and more interested in buying breakouts to new highs off bases. The new highs don't have to be all time highs, or 52 week highs, just highs coming off the base.
I doctored your chart a little, making it into a weekly and adding parabolic SAR and the Aroon indicator below. Also, I never like to have any indicators above the price and volume, since all indicators are secondary to price and volume:
stockcharts.com[w,a]waclniay[d19990830,20030830][pb10!c30!h.02,.20!f][vc60][iLb5!Lp13,8,3!Lah12,26,9!Ll14!Lv25]&pref=G
Kb |
