TheStreet.com RealMoney
It Only Looks Easy

By Rev Shark

About this article:
All summer long, I heard grumbling from traders who were frustrated with the very strong market action. Many were gun shy after the meltdown of the prior year and just couldn't bring themselves to embrace the strength. For many, though, the problem was that their style simply wasn't working well. A good example of a style that hasn't worked well is the CANSLIM methodology, which was popularized by William J. O'Neill, the founder of Investor's Business Daily. Basically, it is a momentum style, where you buy the stocks with the strongest relative strength and best earnings growth. There were a few CANSLIM stocks that did well, like Green Mountain Coffee , STEC , Netease.com and Baidu , but it was a very narrow group and you most likely underperformed unless you hit on one of the few winners. There are a lot of other such...

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