From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1613 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Thursday, August 16 2001 Volume 02 : Number 1613 In this issue: Re: [CANSLIM] New base Re: [CANSLIM] New base Re: [CANSLIM] cprt [CANSLIM] Follow-through day on stocks??? Re: [CANSLIM] Follow-through day on stocks??? [CANSLIM] A few nice charts Re: [CANSLIM] New base Re: [CANSLIM] New base Re: [CANSLIM] New base Re: [CANSLIM] Follow-through day on stocks??? ---------------------------------------------------------------------- Date: Thu, 16 Aug 2001 20:08:35 +0200 From: "dannygottlieb" Subject: Re: [CANSLIM] New base and if a C&H simply doesn't break out or break down, rather it goes straight sideways? new base? - ----- Original Message ----- From: Ernie Hill To: Sent: Thursday, August 16, 2001 6:37 PM Subject: Re: [CANSLIM] New base > Kent is right if it falls back into the base it would not be a base on a base. It > would only be a base on a base if the new base forms at higher price levels than > the old base. > > E > > Kent Norman wrote: > > > I have seen repeated references to "falling back into > > the base". So my vote would be for continuation of the > > old base. > > > > Regards > > Kent Norman > > > > --- "DiFabio, Nancy" wrote: > > > > > > If a stock tries to break out but misses, does it > > > start a new base? If so > > > does it become a "base on base" or does a stock > > > start a new base only when > > > it hits a new 52 wk high? > > > > > > Specialist(s), including dictators, please > > > explicate. > > > > > > Thanks. > > > Nancy > > > > > > "WorldSecure " made the following > > > annotations on 08/16/01 09:25:18 > > > > > -------------------------------------------------------------------------- - ---- > > > PLEASE NOTE: This message, including any > > > attachments, may include privileged, confidential > > > and/or inside information. Any distribution or use > > > of this communication by anyone other than the > > > intended recipient(s) is strictly prohibited and may > > > be unlawful. If you are not the intended recipient, > > > please notify the sender by replying to this message > > > and then delete it from your system. Thank you. > > > > > > > > > > > ============================================================================ == > > > > > > > __________________________________________________ > > Do You Yahoo!? > > Make international calls for as low as $.04/minute with Yahoo! Messenger > > http://phonecard.yahoo.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 16 Aug 2001 10:42:25 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] New base I interpret that as meaning a breakout and then a flat base at the new (higher) level. Kent - --- Drewcorp wrote: > New basePage 169 of HTMMIS implies that the second > base of a "base on base" formation occurs after a > breakout. __________________________________________________ Do You Yahoo!? Make international calls for as low as $.04/minute with Yahoo! Messenger http://phonecard.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 16 Aug 2001 14:04:26 EDT From: BIKEAR@aol.com Subject: Re: [CANSLIM] cprt - --part1_2f.1955f255.28ad652a_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit thanks for your input..janis - --part1_2f.1955f255.28ad652a_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit thanks for your input..janis - --part1_2f.1955f255.28ad652a_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 16 Aug 2001 12:04:38 -0700 From: "Ian" Subject: [CANSLIM] Follow-through day on stocks??? Hi all: I was wondering if there is such a thing as a 'follow through' day for declining stocks - similar to that used for declining markets? For example, MVK has been freefalling for weeks now. It hit bottom on August 9th, on a huge increase in volume (capitulation selloff?). 4 days later (yesterday) it went way up on double average volume. If MVK were the NAZ, it would be a perfect chart of a 'bottom' and reversal. Does the same hold true for individual stocks? Thank you for any experience, Ian - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 16 Aug 2001 12:28:29 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] Follow-through day on stocks??? I would say no. Unlike the markets which don't necessarily need to form bases to turn around, individual stocks do. Following this criteria, a stock should have formed a solid base before buying. One exception (when we are in a solid bull trend) is the double bottom with now handle on the breakout. Btw, MVK is just plain scary to look at. (g) I do think that inversely, cups w/handles and flat basing is also usable as a positive general market indicator (IBD has pointed this out in the past). - -Bill Triffet - ----- Original Message ----- From: "Ian" To: Sent: Thursday, August 16, 2001 12:04 PM Subject: [CANSLIM] Follow-through day on stocks??? > Hi all: > > I was wondering if there is such a thing as a 'follow through' day for > declining stocks - similar to that used for declining markets? > > For example, MVK has been freefalling for weeks now. It hit bottom on August > 9th, on a huge increase in volume (capitulation selloff?). 4 days later > (yesterday) it went way up on double average volume. If MVK were the NAZ, it > would be a perfect chart of a 'bottom' and reversal. Does the same hold true > for individual stocks? > > Thank you for any experience, > > Ian > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 16 Aug 2001 18:10:41 EDT From: Vanchee1@aol.com Subject: [CANSLIM] A few nice charts - --part1_49.f71c7cd.28ad9ee1_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Just a few charts I like. The first three I would consider canslimish and the fourth not. DYOR= do your own research! MME 98/83 CBB MYL 89/85 AAA JAKK 87/95 AAA KDE 50/92 BBB Chris 99/99 AAA - --part1_49.f71c7cd.28ad9ee1_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Just a few charts I like. The first three I would consider canslimish and the
fourth not.
DYOR= do your own research!

MME 98/83 CBB

MYL 89/85 AAA

JAKK 87/95 AAA

KDE 50/92 BBB

Chris 99/99 AAA - --part1_49.f71c7cd.28ad9ee1_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 16 Aug 2001 20:29:54 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] New base This is a multi-part message in MIME format. - ------=_NextPart_000_0044_01C12692.35B01F20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable New baseHi Nancy, This dictator generally concurs with the answers you already got, but = will elucidate in more detail. I have to answer this question many times every weekend when I do my = review of the DGO List. I usually answer it a little differently = depending on the specific chart. What I look at to answer it is: Did it essentially return to the same price level of the pre- existing = base? Did it only leave that base for 2 - 3 days? If both yes, then I normally continue the pre-existing base. Did it begin a new base essentially above the high point of the "former" = base"? If yes, then I generally view it as a base on base. Was the "breakout" volume at least 1.5 to 2 X the ADV?=20 If no, then I question whether this was even a b/o rather than simply an = increase in the daily trading range / volatility. Usually I count the = pre-existing base as a continuation. Finally, I look at just how far the b/o carried it. If the price move = was 10-15% above the pivot, and included some good up volume days (at = least 1.5-2X ADV, even if not on the actual b/o day), then a return to = the price level of the former base means to me a true "failed breakout". = In that case, I completely disregard the former base, and require that = it start all over. This is because you now have nearby overhead = resistance that is likely to limit its short term potential movement. I consider both the volume action and the price action as critically = important to answering the question. A true failed b/o on volume, with a = return to the price of the base, can often be the "shot across the bow" = warning of an imminent collapse. Continuing to count the prior base = number of weeks in this kind of chart can then set you up to buy on = another "head fake" small b/o which precedes the 15 or 20% gap down that = you can't avoid. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: DiFabio, Nancy=20 To: Canslim (E-mail)=20 Sent: Thursday, August 16, 2001 12:25 PM Subject: [CANSLIM] New base If a stock tries to break out but misses, does it start a new base? If = so does it become a "base on base" or does a stock start a new base only = when it hits a new 52 wk high?=20 Specialist(s), including dictators, please explicate.=20 Thanks.=20 Nancy=20 "WorldSecure " made the following annotations on 08/16/01 09:25:18 = - -------------------------------------------------------------------------= - ----- PLEASE NOTE: This message, including any attachments, may include = privileged, confidential and/or inside information. Any distribution or = use of this communication by anyone other than the intended recipient(s) = is strictly prohibited and may be unlawful. If you are not the intended = recipient, please notify the sender by replying to this message and then = delete it from your system. Thank you. = =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D - ------=_NextPart_000_0044_01C12692.35B01F20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable New base
Hi Nancy,
 
This dictator generally concurs with the answers you = already=20 got, but will elucidate in more detail.
 
I have to answer this question many times every = weekend when I=20 do my review of the DGO List. I usually answer it a little differently = depending=20 on the specific chart. What I look at to answer it is:
 
Did it essentially return to the same price level of = the pre-=20 existing base?
 
Did it only leave that base for 2 - 3 = days?
 
If both yes, then I normally continue the = pre-existing=20 base.
 
Did it begin a new base essentially above the high = point of=20 the "former" base"?
 
If yes, then I generally view it as a base on=20 base.
 
Was the "breakout" volume at least 1.5 to 2 X the = ADV?=20
 
If no, then I question whether this was even a b/o = rather than=20 simply an increase in the daily trading range / volatility. Usually I = count the=20 pre-existing base as a continuation.
 
Finally, I look at just how far the b/o carried it. = If the=20 price move was 10-15% above the pivot, and included some good up volume = days (at=20 least 1.5-2X ADV, even if not on the actual b/o day), then a return to = the price=20 level of the former base means to me a true "failed breakout". In that = case, I=20 completely disregard the former base, and require that it start all = over. This=20 is because you now have nearby overhead resistance that is likely to = limit its=20 short term potential movement.
 
I consider both the volume action and the price = action as=20 critically important to answering the question. A true failed b/o on = volume,=20 with a return to the price of the base, can often be the "shot across = the bow"=20 warning of an imminent collapse. Continuing to count the prior base = number of=20 weeks in this kind of chart can then set you up to buy on another "head = fake"=20 small b/o which precedes the 15 or 20% gap down that you can't=20 avoid.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 DiFabio,=20 Nancy
To: Canslim (E-mail)
Sent: Thursday, August 16, 2001 = 12:25=20 PM
Subject: [CANSLIM] New = base


If a stock tries to = break out but=20 misses, does it start a new base? If so does it become a "base on = base" or=20 does a stock start a new base only when it hits a new 52 wk high? =

Specialist(s), = including dictators,=20 please explicate.

Thanks. =
Nancy

"WorldSecure <irell.com>" made the following
annotations = on=20 08/16/01=20 = 09:25:18
-------------------------------------------------------------= - -----------------
PLEASE=20 NOTE: This message, including any attachments, may include privileged, = confidential and/or inside information. Any distribution or use of = this=20 communication by anyone other than the intended recipient(s) is = strictly=20 prohibited and may be unlawful. If you are not the intended recipient, = please=20 notify the sender by replying to this message and then delete it from = your=20 system. Thank=20 = you.


=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D

- ------=_NextPart_000_0044_01C12692.35B01F20-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 16 Aug 2001 20:32:17 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] New base This is a multi-part message in MIME format. - ------=_NextPart_000_0058_01C12692.8A82E780 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable If the handle on a cup never breaks out and simply continues sideways, = then I begin to disregard the "cup" portion of the chart after the = handle is about three weeks long, and only consider the handle portion = (as a flat base). Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: dannygottlieb=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 16, 2001 2:08 PM Subject: Re: [CANSLIM] New base and if a C&H simply doesn't break out or break down, rather it goes = straight sideways? new base? ----- Original Message ----- From: Ernie Hill To: Sent: Thursday, August 16, 2001 6:37 PM Subject: Re: [CANSLIM] New base > Kent is right if it falls back into the base it would not be a base = on a base. It > would only be a base on a base if the new base forms at higher price levels than > the old base. > > E > > Kent Norman wrote: > > > I have seen repeated references to "falling back into > > the base". So my vote would be for continuation of the > > old base. > > > > Regards > > Kent Norman > > > > --- "DiFabio, Nancy" wrote: > > > > > > If a stock tries to break out but misses, does it > > > start a new base? If so > > > does it become a "base on base" or does a stock > > > start a new base only when > > > it hits a new 52 wk high? > > > > > > Specialist(s), including dictators, please > > > explicate. > > > > > > Thanks. > > > Nancy > > > > > > "WorldSecure " made the following > > > annotations on 08/16/01 09:25:18 > > > > > = - -------------------------------------------------------------------------= - - ---- > > > PLEASE NOTE: This message, including any > > > attachments, may include privileged, confidential > > > and/or inside information. Any distribution or use > > > of this communication by anyone other than the > > > intended recipient(s) is strictly prohibited and may > > > be unlawful. If you are not the intended recipient, > > > please notify the sender by replying to this message > > > and then delete it from your system. Thank you. > > > > > > > > > > > = =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D =3D=3D > > > > > > > __________________________________________________ > > Do You Yahoo!? > > Make international calls for as low as $.04/minute with Yahoo! = Messenger > > http://phonecard.yahoo.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0058_01C12692.8A82E780 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
If the handle on a cup never breaks out and simply = continues=20 sideways, then I begin to disregard the "cup" portion of the chart after = the=20 handle is about three weeks long, and only consider the handle portion = (as a=20 flat base).
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 dannygottlieb
To: canslim@lists.xmission.com =
Sent: Thursday, August 16, 2001 = 2:08=20 PM
Subject: Re: [CANSLIM] New = base

and if a C&H simply doesn't break out or break = down, rather=20 it goes straight
sideways? new base?
----- Original Message=20 -----
From: Ernie Hill <ernieh@ev1.net>
To: <canslim@lists.xmission.com= >
Sent:=20 Thursday, August 16, 2001 6:37 PM
Subject: Re: [CANSLIM] New=20 base


> Kent is right if it falls back into the base it = would not=20 be a base on a
base. It
> would only be a base on a base if = the new=20 base forms at higher price
levels than
> the old=20 base.
>
> E
>
> Kent Norman = wrote:
>
>=20 > I have seen repeated references to "falling back into
> = > the=20 base". So my vote would be for continuation of the
> > old=20 base.
> >
> > Regards
> > Kent = Norman
>=20 >
> > --- "DiFabio, Nancy" <NDiFabio@irell.com> = wrote:
>=20 > >
> > > If a stock tries to break out but misses, = does=20 it
> > > start a new base? If so
> > > does it = become=20 a "base on base" or does a stock
> > > start a new base = only=20 when
> > > it hits a new 52 wk high?
> > = >
>=20 > > Specialist(s), including dictators, please
> > > = explicate.
> > >
> > > Thanks.
> > = >=20 Nancy
> > >
> > > "WorldSecure = <irell.com>" made=20 the following
> > >  annotations on 08/16/01 = 09:25:18
>=20 > >
>
>=20 = - -------------------------------------------------------------------------= - -
----
>=20 > > PLEASE NOTE:  This message, including any
> > = >=20 attachments, may include privileged, confidential
> > > = and/or=20 inside information.  Any distribution or use
> > > of = this=20 communication by anyone other than the
> > > intended = recipient(s)=20 is strictly prohibited and may
> > > be unlawful.  If = you are=20 not the intended recipient,
> > > please notify the sender = by=20 replying to this message
> > > and then delete it from = your=20 system. Thank you.
> > >
> > >
> >=20 >
>=20 = >
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D
=3D=3D
>=20 > >
> >
> >=20 __________________________________________________
> > Do You = Yahoo!?
> > Make international calls for as low as = $.04/minute with=20 Yahoo! Messenger
> > http://phonecard.yahoo.com/
&= gt;=20 >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; >=20 -In the email body, write "subscribe canslim" or
> > = - -"unsubscribe=20 canslim".  Do not use quotes in your = email.
>
>
>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_0058_01C12692.8A82E780-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 16 Aug 2001 20:44:33 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] New base This is a multi-part message in MIME format. - ------=_NextPart_000_002E_01C12694.414C0180 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Then a base-on-base? Ann ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 16, 2001 8:32 PM Subject: Re: [CANSLIM] New base If the handle on a cup never breaks out and simply continues sideways, = then I begin to disregard the "cup" portion of the chart after the = handle is about three weeks long, and only consider the handle portion = (as a flat base). Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: dannygottlieb=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 16, 2001 2:08 PM Subject: Re: [CANSLIM] New base and if a C&H simply doesn't break out or break down, rather it goes = straight sideways? new base? ----- Original Message ----- From: Ernie Hill To: Sent: Thursday, August 16, 2001 6:37 PM Subject: Re: [CANSLIM] New base > Kent is right if it falls back into the base it would not be a = base on a base. It > would only be a base on a base if the new base forms at higher = price levels than > the old base. > > E > > Kent Norman wrote: > > > I have seen repeated references to "falling back into > > the base". So my vote would be for continuation of the > > old base. > > > > Regards > > Kent Norman > > > > --- "DiFabio, Nancy" wrote: > > > > > > If a stock tries to break out but misses, does it > > > start a new base? If so > > > does it become a "base on base" or does a stock > > > start a new base only when > > > it hits a new 52 wk high? > > > > > > Specialist(s), including dictators, please > > > explicate. > > > > > > Thanks. > > > Nancy > > > > > > "WorldSecure " made the following > > > annotations on 08/16/01 09:25:18 > > > > > = - -------------------------------------------------------------------------= - - ---- > > > PLEASE NOTE: This message, including any > > > attachments, may include privileged, confidential > > > and/or inside information. Any distribution or use > > > of this communication by anyone other than the > > > intended recipient(s) is strictly prohibited and may > > > be unlawful. If you are not the intended recipient, > > > please notify the sender by replying to this message > > > and then delete it from your system. Thank you. > > > > > > > > > > > = =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D =3D=3D > > > > > > > __________________________________________________ > > Do You Yahoo!? > > Make international calls for as low as $.04/minute with Yahoo! = Messenger > > http://phonecard.yahoo.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_002E_01C12694.414C0180 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Then a base-on-base?
Ann
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Thursday, August 16, 2001 = 8:32=20 PM
Subject: Re: [CANSLIM] New = base

If the handle on a cup never breaks out and simply = continues=20 sideways, then I begin to disregard the "cup" portion of the chart = after the=20 handle is about three weeks long, and only consider the handle portion = (as a=20 flat base).
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 dannygottlieb
Sent: Thursday, August 16, = 2001 2:08=20 PM
Subject: Re: [CANSLIM] New = base

and if a C&H simply doesn't break out or break = down,=20 rather it goes straight
sideways? new base?
----- Original = Message=20 -----
From: Ernie Hill <ernieh@ev1.net>
To: <canslim@lists.xmission.com= >
Sent:=20 Thursday, August 16, 2001 6:37 PM
Subject: Re: [CANSLIM] New=20 base


> Kent is right if it falls back into the base it = would=20 not be a base on a
base. It
> would only be a base on a = base if the=20 new base forms at higher price
levels than
> the old=20 base.
>
> E
>
> Kent Norman = wrote:
>
>=20 > I have seen repeated references to "falling back into
> = > the=20 base". So my vote would be for continuation of the
> > old=20 base.
> >
> > Regards
> > Kent = Norman
>=20 >
> > --- "DiFabio, Nancy" <NDiFabio@irell.com> = wrote:
>=20 > >
> > > If a stock tries to break out but = misses, does=20 it
> > > start a new base? If so
> > > does = it=20 become a "base on base" or does a stock
> > > start a = new base=20 only when
> > > it hits a new 52 wk high?
> >=20 >
> > > Specialist(s), including dictators, = please
>=20 > > explicate.
> > >
> > > = Thanks.
>=20 > > Nancy
> > >
> > > "WorldSecure=20 <irell.com>" made the following
> > >  = annotations on=20 08/16/01 09:25:18
> > >
>
>=20 = - -------------------------------------------------------------------------= - -
----
>=20 > > PLEASE NOTE:  This message, including any
> = > >=20 attachments, may include privileged, confidential
> > > = and/or=20 inside information.  Any distribution or use
> > > = of this=20 communication by anyone other than the
> > > intended=20 recipient(s) is strictly prohibited and may
> > > be=20 unlawful.  If you are not the intended recipient,
> > = >=20 please notify the sender by replying to this message
> > = > and=20 then delete it from your system. Thank you.
> > = >
> >=20 >
> > >
>=20 = >
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D
=3D=3D
>=20 > >
> >
> >=20 __________________________________________________
> > Do = You=20 Yahoo!?
> > Make international calls for as low as = $.04/minute with=20 Yahoo! Messenger
> > http://phonecard.yahoo.com/
&= gt;=20 >
> > -
> > -To subscribe/unsubscribe, email = "majordomo@xmission.com"
>= ;=20 > -In the email body, write "subscribe canslim" or
> >=20 -"unsubscribe canslim".  Do not use quotes in your=20 email.
>
>
> -
> -To subscribe/unsubscribe, = email=20 "majordomo@xmission.com"
>= ;=20 -In the email body, write "subscribe canslim" or
> = - -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To = subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
- ------=_NextPart_000_002E_01C12694.414C0180-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 16 Aug 2001 20:46:17 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Follow-through day on stocks??? This is a multi-part message in MIME format. - ------=_NextPart_000_006C_01C12694.7F4DB960 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I agree with Bill. An index does not have to form a base because it is a = composite of many stocks. Among those stocks will be both those making = sharp reversals (and I don't consider MVK to have done that as of yet) = as well as those that have already based for 5-6 weeks and are staging a = true b/o. Typically, the true b/o stocks are setting the upward trend, = while the rest are racing to catch up (hence the sharp reversal, sellers = stop selling in hopes of a better price while the bottom fishers / value = shoppers rush in, also hoping for a better price). Also keep in mind that a bottom only means the price has yet to go any = lower. There has been lots of signs lately that support levels for the = indexes are crumbling, and we may retest the April 4/5 lows. The margin = of safety is shifted in the investor's favor on an individual stock by = the establishment of a decent base after apparently "bottoming", not by = a "reversal" that can reverse again and head for even lower prices. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 16, 2001 3:28 PM Subject: Re: [CANSLIM] Follow-through day on stocks??? I would say no. Unlike the markets which don't necessarily need to = form bases to turn around, individual stocks do. Following this criteria, a = stock should have formed a solid base before buying. One exception (when we = are in a solid bull trend) is the double bottom with now handle on the = breakout. Btw, MVK is just plain scary to look at. (g) I do think that inversely, cups w/handles and flat basing is also = usable as a positive general market indicator (IBD has pointed this out in the = past). -Bill Triffet ----- Original Message ----- From: "Ian" To: Sent: Thursday, August 16, 2001 12:04 PM Subject: [CANSLIM] Follow-through day on stocks??? > Hi all: > > I was wondering if there is such a thing as a 'follow through' day = for > declining stocks - similar to that used for declining markets? > > For example, MVK has been freefalling for weeks now. It hit bottom = on August > 9th, on a huge increase in volume (capitulation selloff?). 4 days = later > (yesterday) it went way up on double average volume. If MVK were the = NAZ, it > would be a perfect chart of a 'bottom' and reversal. Does the same = hold true > for individual stocks? > > Thank you for any experience, > > Ian > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_006C_01C12694.7F4DB960 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I agree with Bill. An index does not have to form a = base=20 because it is a composite of many stocks. Among those stocks will be = both those=20 making sharp reversals (and I don't consider MVK to have done that as of = yet) as=20 well as those that have already based for 5-6 weeks and are staging a = true b/o.=20 Typically, the true b/o stocks are setting the upward trend, while the = rest are=20 racing to catch up (hence the sharp reversal, sellers stop selling in = hopes of a=20 better price while the bottom fishers / value shoppers rush in, also = hoping for=20 a better price).
 
Also keep in mind that a bottom only means the price = has yet=20 to go any lower. There has been lots of signs lately that support levels = for the=20 indexes are crumbling, and we may retest the April 4/5 lows. The margin = of=20 safety is shifted in the investor's favor on an individual stock by the=20 establishment of a decent base after apparently "bottoming", not by a = "reversal"=20 that can reverse again and head for even lower prices.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Bill=20 Triffet
To: canslim@lists.xmission.com =
Sent: Thursday, August 16, 2001 = 3:28=20 PM
Subject: Re: [CANSLIM] = Follow-through day=20 on stocks???

I would say no. Unlike the markets which don't = necessarily need=20 to form
bases to turn around, individual stocks do. Following this=20 criteria, a stock
should have formed a solid base before buying. = One=20 exception (when we are in
a solid bull trend) is the double bottom = with now=20 handle on the breakout.
Btw, MVK is just plain scary to look at.=20 (g)

I do think that inversely, cups w/handles and flat basing = is also=20 usable as
a positive general market indicator (IBD has pointed this = out in=20 the past).

-Bill Triffet

----- Original Message = - -----
From:=20 "Ian" <ianstm@home.com>
To:=20 <canslim@lists.xmission.com= >
Sent:=20 Thursday, August 16, 2001 12:04 PM
Subject: [CANSLIM] = Follow-through day on=20 stocks???


> Hi all:
>
> I was wondering if = there is=20 such a thing as a 'follow through' day for
> declining stocks - = similar=20 to that used for declining markets?
>
> For example, MVK = has been=20 freefalling for weeks now. It hit bottom on
August
> 9th, on = a huge=20 increase in volume (capitulation selloff?). 4 days later
> = (yesterday)=20 it went way up on double average volume. If MVK were the = NAZ,
it
>=20 would be a perfect chart of a 'bottom' and reversal. Does the same=20 hold
true
> for individual stocks?
>
> Thank you = for any=20 experience,
>
> = Ian
>
>
>
>
>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_006C_01C12694.7F4DB960-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1613 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.