From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1773 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, November 1 2001 Volume 02 : Number 1773 In this issue: RE: LLUR (was Re: [CANSLIM] TARO) Re: LLUR (was Re: [CANSLIM] TARO) Re: [CANSLIM] Help with stock ideas please ... [CANSLIM] AMHC and SONC Re: [CANSLIM] AMHC and SONC Re: [CANSLIM] TARO RE: [CANSLIM] TARO Re: [CANSLIM] AMHC and SONC ---------------------------------------------------------------------- Date: Wed, 31 Oct 2001 22:06:31 -0600 From: "Hill, Ernie" Subject: RE: LLUR (was Re: [CANSLIM] TARO) This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C1628A.967AE590 Content-Type: text/plain; charset="iso-8859-1" The conspiracy theorists believe the ascending base is IBD renaming the LLUR pattern after stealing it from this list. E PS: I of course believe they are right. - -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Wednesday, October 31, 2001 9:34 PM To: canslim@lists.xmission.com Subject: Re: LLUR (was Re: [CANSLIM] TARO) Thanks Tom. So how is that different than an ascending base? Is it just length of time in the range? Katherine kmalm@earthlink.net - ----- Original Message ----- From: Tom Worley To: CANSLIM Sent: Wednesday, October 31, 2001 9:48 PM Subject: LLUR (was Re: [CANSLIM] TARO) Lower Left Upper Right Key to the pattern is a smooth price chart (essentially a flat line base), steadily progressing. Also described as a trading range, but with low volatility. Key to recognition is tilting your head about 45 degrees to the left, then you see a flat line base chart. Buy point is when it trades to its low range, sell point is at the high point of its trading range (or just hold thru the ups and downs). Ideally, you want a full 12 months of the pattern unblemished by any volatility. Often the 50 DMA line serves as the lower threshold, but sometimes other moving averages provide a better guideline. Key to success is recognizing when it changes its pattern (that includes a substantial break out to the upside). Be quick to exit when it changes pattern, as otherwise there is no nearby base to support it in a pullback. Term introduced to this group by a former member, not mentioned by WON, so not pure CANSLIM. Success with this pattern totally based and predicated on it continuing its pattern, so any variation is cause for alarm. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Wednesday, October 31, 2001 9:20 PM Subject: Re: [CANSLIM] TARO jans, Sorry, still learning the group's abbreviations, but "LLUR" stumped me! Katherine - ----- Original Message ----- > Ernie: > > If you'll notice TARO is in a LLUR on the weekly chart ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - ------_=_NextPart_001_01C1628A.967AE590 Content-Type: text/html; charset="iso-8859-1"
The conspiracy theorists believe the ascending base is IBD renaming the LLUR pattern after stealing it from this list.
 
E
 
PS: I of course believe they are right.
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Wednesday, October 31, 2001 9:34 PM
To: canslim@lists.xmission.com
Subject: Re: LLUR (was Re: [CANSLIM] TARO)

Thanks Tom.
 
So how is that different than an ascending base? Is it just length of time in the range?
 
Katherine
----- Original Message -----
From: Tom Worley
To: CANSLIM
Sent: Wednesday, October 31, 2001 9:48 PM
Subject: LLUR (was Re: [CANSLIM] TARO)

Lower Left Upper Right
 
Key to the pattern is a smooth price chart (essentially a flat line base), steadily progressing. Also described as a trading range, but with low volatility. Key to recognition is tilting your head about 45 degrees to the left, then you see a flat line base chart. Buy point is when it trades to its low range, sell point is at the high point of its trading range (or just hold thru the ups and downs). Ideally, you want a full 12 months of the pattern unblemished by any volatility. Often the 50 DMA line serves as the lower threshold, but sometimes other moving averages provide a better guideline.
 
Key to success is recognizing when it changes its pattern (that includes a substantial break out to the upside). Be quick to exit when it changes pattern, as otherwise there is no nearby base to support it in a pullback.
 
Term introduced to this group by a former member, not mentioned by WON, so not pure CANSLIM. Success with this pattern totally based and predicated on it continuing its pattern, so any variation is cause for alarm.
 
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----
Sent: Wednesday, October 31, 2001 9:20 PM
Subject: Re: [CANSLIM] TARO

jans,

Sorry, still learning the group's abbreviations, but "LLUR" stumped me!

Katherine

----- Original Message -----
> Ernie:
>
>      If you'll notice TARO is in a LLUR on the weekly chart

<snip>



******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************
 - ------_=_NextPart_001_01C1628A.967AE590-- - - - -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: Wed, 31 Oct 2001 21:47:24 -0600 From: "Katherine Malm" Subject: Re: LLUR (was Re: [CANSLIM] TARO) This is a multi-part message in MIME format. - ------=_NextPart_000_02D7_01C16255.A09758E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hah! You guys inform me and tickle my funny bone all at the same time. = Can't ask for more! Thanks. Katherine ----- Original Message -----=20 From: Hill, Ernie=20 To: 'canslim@lists.xmission.com'=20 Sent: Wednesday, October 31, 2001 10:06 PM Subject: RE: LLUR (was Re: [CANSLIM] TARO) The conspiracy theorists believe the ascending base is IBD renaming = the LLUR pattern after stealing it from this list. E PS: I of course believe they are right. -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Wednesday, October 31, 2001 9:34 PM To: canslim@lists.xmission.com Subject: Re: LLUR (was Re: [CANSLIM] TARO) Thanks Tom. So how is that different than an ascending base? Is it just length = of time in the range? Katherine kmalm@earthlink.net ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Wednesday, October 31, 2001 9:48 PM Subject: LLUR (was Re: [CANSLIM] TARO) Lower Left Upper Right Key to the pattern is a smooth price chart (essentially a flat = line base), steadily progressing. Also described as a trading range, but = with low volatility. Key to recognition is tilting your head about 45 = degrees to the left, then you see a flat line base chart. Buy point is = when it trades to its low range, sell point is at the high point of its = trading range (or just hold thru the ups and downs). Ideally, you want a = full 12 months of the pattern unblemished by any volatility. Often the = 50 DMA line serves as the lower threshold, but sometimes other moving = averages provide a better guideline. Key to success is recognizing when it changes its pattern (that = includes a substantial break out to the upside). Be quick to exit when = it changes pattern, as otherwise there is no nearby base to support it = in a pullback. Term introduced to this group by a former member, not mentioned by = WON, so not pure CANSLIM. Success with this pattern totally based and = predicated on it continuing its pattern, so any variation is cause for = alarm. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, October 31, 2001 9:20 PM Subject: Re: [CANSLIM] TARO jans,=20 Sorry, still learning the group's abbreviations, but "LLUR" = stumped me! Katherine ----- Original Message -----=20 > Ernie: >=20 > If you'll notice TARO is in a LLUR on the weekly chart ****************************************************************** This email and any files transmitted with it from the ElPaso=20 Corporation are confidential and intended solely for the=20 use of the individual or entity to whom they are addressed.=20 If you have received this email in error please notify the=20 sender. ****************************************************************** - ------=_NextPart_000_02D7_01C16255.A09758E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hah! You guys inform me and tickle my = funny bone=20 all at the same time. Can't ask for more! Thanks.
 
Katherine
----- Original Message -----
From:=20 Hill,=20 Ernie
Sent: Wednesday, October 31, = 2001 10:06=20 PM
Subject: RE: LLUR (was Re: = [CANSLIM]=20 TARO)

The=20 conspiracy theorists believe the ascending base is IBD renaming the = LLUR=20 pattern after stealing it from this list.
 
E
 
PS:=20 I of course believe they are right.
-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Wednesday, October 31, = 2001=20 9:34 PM
To: canslim@lists.xmission.com=
Subject:=20 Re: LLUR (was Re: [CANSLIM] TARO)

Thanks Tom.
 
So how is that different than an = ascending=20 base? Is it just length of time in the range?
 
Katherine
kmalm@earthlink.net
----- Original Message ----- =
From:=20 Tom=20 Worley
To: CANSLIM
Sent: Wednesday, October = 31, 2001=20 9:48 PM
Subject: LLUR (was Re: = [CANSLIM]=20 TARO)

Lower=20 Left Upper Right
 
Key to the pattern is a smooth price chart = (essentially=20 a flat line base), steadily progressing. Also described as a = trading=20 range, but with low volatility. Key to recognition is tilting your = head=20 about 45 degrees to the left, then you see a flat line base chart. = Buy=20 point is when it trades to its low range, sell point is at the = high point=20 of its trading range (or just hold thru the ups and downs). = Ideally, you=20 want a full 12 months of the pattern unblemished by any = volatility. Often=20 the 50 DMA line serves as the lower threshold, but sometimes other = moving=20 averages provide a better guideline.
 
Key to success is recognizing when it changes = its=20 pattern (that includes a substantial break out to the upside). Be = quick to=20 exit when it changes pattern, as otherwise there is no nearby base = to=20 support it in a pullback.
 
Term introduced to this group by a former = member, not=20 mentioned by WON, so not pure CANSLIM. Success with this pattern = totally=20 based and predicated on it continuing its pattern, so any = variation is=20 cause for alarm.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Wednesday, October = 31, 2001=20 9:20 PM
Subject: Re: [CANSLIM] = TARO

jans,

Sorry, still learning the group's=20 abbreviations, but "LLUR" stumped = me!

Katherine

-----=20 Original Message -----
> Ernie:
>=20
>      If you'll notice TARO is = in a=20 LLUR on the weekly=20 = chart

<snip>

<= CODE>

********************************************************= **********
This=20 email and any files transmitted with it from the ElPaso =
Corporation are=20 confidential and intended solely for the
use of the individual or = entity=20 to whom they are addressed.
If you have received this email in = error=20 please notify the=20 =
sender.
**********************************************************= ********
- ------=_NextPart_000_02D7_01C16255.A09758E0-- - - - -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: 1 Nov 2001 05:32:37 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Help with stock ideas please ... AHMH, they need it! MIKE is already doing nicely, HOTT comes to mind (I just walked in there for the first time shopping for a Halloween costume ;) as a former CANSLIMer that might stage a comeback. AZO, GPI, HLYW, PBY, ACTN, NDN, RYAN, FRED, APPB, HDI are others. At 02:02 PM 10/31/2001 -0600, you wrote: >One the mortgage rate front, with the Treasury announcement of a >suspension of sales of 30 Yr paper, some are now calling for the >30yr bond to jump to about 4.5% very soon, and the 10yr to jump >to near 4%. Yesterday, the 30yr closed at 5.22% and the 10yr >closed at 4.42%. The corresponding 30yr Mortgage Index stood at >6.16%. If this forecast turns out to be true, then we'll see >30yr mortgages near 5% and the refinacing surge will become a >frenzy. > >I was speaking to my broker at Merrill Lynch today. He reported >that their mortgage desk has been overwhelmed recently. They >were equipped and staffed to handle about 2,000 inquiries a day. >Some days in the recent past, they got nearly 15,000 calls. > >Who benefits from all this activity? Mortgage originators, title >firms, and mortgage bankers seem to come first to mind. >Indirectly, there are lots more that will gather in some of the >added free cash flow in household budgets as the monthly payment >drops. The socio-political climate has changed, so it may be >more difficult to predict where this 'extra' cash will go. > >Robert > >On Wed, 31 Oct 2001 11:43:08 -0800, Ian wrote: > > >Hi all: > > > >I was wondering if anyone has any CANSLIM stock ideas (either in >bases or breakouts) that would stand to benefit from an >'unexpected' surge/boom in Thanksgiving/Christmas retail sales. > > > >I believe that we have all of the fuel in place for a massive >spending boom: > > > >Mortgage costs dropping through the floor > >Fuel/gas prices dropping substantially > >Car/debt financing costs dropping > >Loads of $$$ in money-market funds earning almost nothing > >A live-for-today change in attitude trigggered by recent events > > > >(IMHO, this adds up to a MUCH higher level of disposable income >for the average person than 1 year ago) > > > >I am looking for quality companies that would benefit in an >unexpected way if such a spending surge were to happen over the >next 2 months? Does anyone see any pent-up demand in any areas >out there? > > > >I would like to have a watch list of these to keep a keen eye on >for any early indicators of a strong unexpected uptick in >business. > > > >Thanks for any ideas, > > > >Ian > > > > ----- Original Message ----- > > From: Ian > > To: canslim@lists.xmission.com > > Sent: Wednesday, October 31, 2001 7:35 AM > > Subject: [CANSLIM] Tom ... > > > > Tom: > > > > Nice results for AFAM yesterday. What is your opinion of a >purchase here around $12.40? > > > > What kind of earnings/growth can be expected boing forward? > > > > Thanks for any insights, > > > > Ian > > > > ----- Original Message ----- > > From: Tom Worley > > To: canslim@lists.xmission.com > > Sent: Wednesday, October 31, 2001 5:10 AM > > Subject: Re: [CANSLIM] Tech Analysis notes on TARO > > > > Thanks, John, appreciate the different view. I had not seen >the head & shoulders, and its inverse, until you pointed it out. >That's what I love about the stock market, the "indecisiveness", >you are really on your own unless you cop out and buy mutual >funds, and leave the worry factor up to the fund manager. > > > > Either way, it seems we all appear to see the formation as >incomplete at this time, but maybe worth watching. That right >shoulder off the inverse h&s, or handle of the cup, needs to >decide what it's going to do. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: Cefaloni, John L Jr. [AMSTA-AR-WEA] > > To: 'canslim@lists.xmission.com' > > Sent: Wednesday, October 31, 2001 7:45 AM > > Subject: [CANSLIM] Tech Analysis notes on TARO > > > > Funny how sometimes these charts looks like optical >illusions that look different depending on which eye you use! > > > > TARO's chart looks like it formed a head and shoulders top >from late June (left shoulder at $45) to late July (head at $49) >to late August (right shoulder at around $44) with a downward >sloping neckline. The neckline appears to have been broken with >the gap down sell off that followed Sep 11. But, at the end of >September, it reversed and returned to the right neckline at $35 >and paused. One would expect the stock to really fall at that >point, but it didn't - it has recovered nicely. I've read that >when a stock traces through a certain bearish formation then >suddenly turns around instead of falling, that it is extremely >bullish. So, we'll have to see. > > > > Looking with my other eye, I see a possible inverse head >and shoulders forming with the left shoulder at $35 in August >(same as the above right neckline), the head at $27 or so in the >trading days following Sep 11, and the right shoulder ...well, it >is not well formed. > > > > In either case, it is definitely trying to build some type >of base off of it's incredible run this year. It appears to be >forming the right side of a cup. From what I understand, the >first step of a healthy cup formation was breaking out of the >downward channel of successive lower lows and lower highs that it >formed from its July peak to its September low. It looks like it >did that on Oct 10. It then needs to return to that downtrend >line or retest the bottom before moving up. It looks like it >tried that on Oct 18. Either way, it seems to now be making >higher lows and higher highs, where it should work its way back >up to the old high of 49, then pause to form a handle on lower >volume. Again, we'll see. > > > > I know that my "analysis" is inconclusive and vague, but >that's how I see these charts - it's hard to be definite about >anything. And being indecisive makes investing difficult. >Usually, when I am sure about something, the stock will perform >the opposite of what I expect! But, I thought I'd throw it out >there to give some of you a different perspective. > > > > BTW, I agree with Tom (?) who cuts the stock slack for >it's spikey bottom due to the Sep 11 sell off. But, I also agree >with Katherine (?) who has the stock on her short list due to >poor performance of it's peers. > > > > Oops, there's that indecisiveness again... > > > > Cheers, > > John C. > > -----Original Message----- > > From: Katherine Malm [mailto:kmalm@earthlink.net] > > Sent: Tuesday, October 30, 2001 9:13 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] TARO > > > > Peter, > > > > Agreed 100%. I recently moved TARO to my "Possible >Shorts" list. Thanks for the confirming thoughts. > > > > Katherine > > kmalm@earthlink.net > > > > ----- Original Message ----- > > From: Peter Christiansen > > To: canslim@lists.xmission.com > > Sent: Tuesday, October 30, 2001 8:04 PM > > Subject: Re: [CANSLIM] TARO > > > > Excellent point Katherine. The industry group >weakness is the one black mark I give TARO. In the present >environment, and it is a very big black mark. Even if TARO >breaks out, I probably won't buy it. Suspect we are in another >bear market rally. On the other hand, if it breaks down, I would >seriously consider shorting it. > > > > Peter > > > > At 07:36 PM 10/30/2001 -0600, you wrote: > > > > If I'm ever in doubt about a chart, I'll look at >others in the same group. > > With TARO, here's its cohorts: > > BRL: KO'd (knocked-out) > > ADRX: lousy, wide and loose, low RS > > WPI: KO'd > > MYL: suspect, with gaps down > > PRX: suspect, sure looks triple toppy > > ALO: lousy, gap down, low RS > > IVX: KO'd > > > > I'd say odds favor TARO taking a trip lower rather >than working through that > > handle and breaking out. > > > > Katherine > > ----- Original Message ----- > > From: "Williams, Bob" > > To: > > Sent: Tuesday, October 30, 2001 7:20 PM > > Subject: RE: [CANSLIM] TARO > > > > > I'm brand new here, and forgive me for blurting >out before I've "felt out" > > > the group, but isn't the volume a little high on >the handle? It doesn't > > > look like volume is "drying up." > > > > > > Bob Williams > > > EDS Systems > > > California Medi-Cal > > > phone: (916) 861-1861 > > > fax: (916) 636-1002 > > > cell: (916) 804-6803 > > > > > > > > > > -----Original Message----- > > > > From: Spencer48@aol.com >[mailto:Spencer48@aol.com] > > > > Sent: Tuesday, October 30, 2001 4:54 PM > > > > To: canslim@lists.xmission.com > > > > Subject: Re: [CANSLIM] TARO > > > > > > > > > > > > In a message dated 10/30/2001 7:08:19 AM Eastern >Standard Time, > > > > peterc@loxinfo.co.th writes: > > > > > > > > << In a double bottom, the second bottom should >ideally > > > > slightly undercut > > > > the first. In this instance, I don't think it >fits that > > > > description. Anyway, double bottoms form >handles too.<< > > > > > > > > Peter: > > > > > > > > I'm not sure where you're looking, but to >me TARO formed > > > > a very nice > > > > double bottom: The first bottom was in August >and the 2nd > > > > bottom was in late > > > > September. Notice that the 200 stopped the 2nd >fall in late > > > > September, and > > > > also that the 2nd bottom IS below the first >bottom. > > > > Presently, TARO seems to > > > > be making a handle on light volume-after >stalling when > > > > meeting the same level > > > > as the W formation's apex. > > > > > > > > jans > > > > > > - > > > -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. > > "The crowd has never thirsted for the truth" - Gustave >LeBon > > - -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. Tim Fisher Ore-ROCK-On Rockhounding Web Site Pacific Fishery Biologists Information mailto:tim@OreRockOn.com WWW http://OreRockOn.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, 1 Nov 2001 10:50:22 -0800 From: "Bill Triffet" Subject: [CANSLIM] AMHC and SONC What do folks think of AMHC? Today's chart suggests a b/o but it's coming off an ascending handle. Another one I'm looking at is SONC. It was featured in IBD's New America section a couple days ago and appears to be breaking to the upside (although low volume so far). On a side note (not exactly canslim) I'm doodling with the OBV indicator for watching volume characteristics at the time of breakouts. Does anyone else use this to verify a breakouts "commitment"? SONIC looks weak in this regard. - -Bill Triffet - - - -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, 1 Nov 2001 13:44:40 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] AMHC and SONC Hi Bill, I'd say SONC broke out from deep in the base on 10/3 without pausing for a handle and has been building base on base since. I'm not surprised that it hasn't thrust up in a big way, because its history is to make slow and steady progress followed by long pauses in price movement. I'd bet the holders are primarily value-oriented and would view this as fully-valued at this point. Fundamentally, they've been through a pretty comprehensive restructuring and upgrade of their locations in the last couple of years, so may be revved up into a high growth mode. If they're not, however, I'm not sure you'd see huge movement in the stock after a breakout from this congestion. If so, I'd lay odds that you'd see the stock pop above 34.40/34.50 with at least as much volume as 10/6. It's been hitting the top of this range on wimpy volume for short bursts during the day for the past several weeks. Katherine kmalm@earthlink.net - ----- Original Message ----- From: "Bill Triffet" To: "canslim" Sent: Thursday, November 01, 2001 12:50 PM Subject: [CANSLIM] AMHC and SONC > What do folks think of AMHC? Today's chart suggests a b/o but it's coming > off an ascending handle. Another one I'm looking at is SONC. It was featured > in IBD's New America section a couple days ago and appears to be breaking to > the upside (although low volume so far). > > On a side note (not exactly canslim) I'm doodling with the OBV indicator for > watching volume characteristics at the time of breakouts. Does anyone else > use this to verify a breakouts "commitment"? SONIC looks weak in this > regard. > > -Bill Triffet > > > - > -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, 1 Nov 2001 14:56:47 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] TARO In a message dated 10/31/2001 10:38:39 PM Eastern Standard Time, Ernie.Hill@ElPaso.com writes: << One final thought under your interpretation the C wave could drop as low as the $20 range. >> Ernie: Why do you say TARO can drop as low as $20? What is that prediction based on? I don't see any support areas around $20. jans - - - -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, 1 Nov 2001 14:28:01 -0600 From: "Hill, Ernie" Subject: RE: [CANSLIM] TARO Jans, The 3-3-5 "flat" correction can have the C wave drop below the level of the A wave even though it typically will terminate relatively close to the termination point of the A wave. A .618 retracement of the overall move would actually find support at 22 I was lazy and just eyeballed it at "around 20". While a .618 retracement of the move from 5 to 49 is not typical of a 3-3-5 correction it is still a possibility that we should not ignore. Considering that this is an Israeli company based in Israel I think we should be alert to the more extreme possibilities. E - -----Original Message----- From: Spencer48@aol.com [mailto:Spencer48@aol.com] Sent: Thursday, November 01, 2001 1:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] TARO In a message dated 10/31/2001 10:38:39 PM Eastern Standard Time, Ernie.Hill@ElPaso.com writes: << One final thought under your interpretation the C wave could drop as low as the $20 range. >> Ernie: Why do you say TARO can drop as low as $20? What is that prediction based on? I don't see any support areas around $20. jans - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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, 1 Nov 2001 15:52:23 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] AMHC and SONC Katherine: Don't you put any stock in whether we're in a bull or bear market. I enjoy reading your E-mails, because they make a lot of good sense. The same with your analyses of stocks. What I don't understand, though, is how you seemingly can ignore what the Markets as a whole are doing. For instance, your fundamental analysis of SONC is both relevant and your analysis of it makes a lot of sense. You even go into technical territory when you opine on SONC's volume/price connection at $34-$35 resistance, and its base-on-base appearance. However, WON says that 70-80% of stocks will follow the market, no matter how strong (for a bear market) or weak (for a bull market) they are. In your analysis of SONC you don't mention the Market at all. Don't you take into consideration that, for instance, one valid reason for SONC not breaking out is that we are at the end of a bear? I agree with you: To me SONC looks to be putting in what WON describes as a second stage base (or "base on a base"). It hasn't fallen really fallen below the previous $32 breakout point (at least where I would characterize the Pivot Point as having been)-and when it does fall it is usually on lower volume or on volume which indicates institutional support. My point is not to write a brief for SONC (although I do believe it should be watched), but to ask whether or not-in how you analyze stocks-the markets' trend plays a part in your evaluation of the stock? And if so, how much-approximately? jans In a message dated 11/1/2001 2:45:40 PM Eastern Standard Time, kmalm@earthlink.net writes: << I'd say SONC broke out from deep in the base on 10/3 without pausing for a handle and has been building base on base since. I'm not surprised that it hasn't thrust up in a big way, because its history is to make slow and steady progress followed by long pauses in price movement. I'd bet the holders are primarily value-oriented and would view this as fully-valued at this point. Fundamentally, they've been through a pretty comprehensive restructuring and upgrade of their locations in the last couple of years, so may be revved up into a high growth mode. If they're not, however, I'm not sure you'd see huge movement in the stock after a breakout from this congestion. If so, I'd lay odds that you'd see the stock pop above 34.40/34.50 with at least as much volume as 10/6. It's been hitting the top of this range on wimpy volume for short bursts during the day for the past several weeks. >> - - - -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 #1773 ****************************** 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.