From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1993 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 Wednesday, December 26 2001 Volume 02 : Number 1993 In this issue: Re: [CANSLIM] Head & Shoulders on the indexes? [CANSLIM] light volume days Re: [CANSLIM] light volume days [CANSLIM] Testing my new toy - please disregard ---------------------------------------------------------------------- Date: Tue, 25 Dec 2001 16:55:34 EST From: SKutney@aol.com Subject: Re: [CANSLIM] Head & Shoulders on the indexes? Tom, In a head and shoulders top the volume on the right shoulder should be much less than the left or head sections. I don't see that in these charts. From what I understand, if a chartpattern looks hard to decipher the best thing to do is step back to a different timeframe. Weekly numbers in this case. I don't have a way to do this but I would think that the volume would not support the contention that we are looking at a head and shoulders top. Steve Kutney - - - -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, 26 Dec 2001 09:47:10 -0800 (PST) From: Kent Norman Subject: [CANSLIM] light volume days How should we interpret holiday related light volume days? Normally low volume indicates a lack of conviction. Does anyone have a way to adjust for seasonal influence? Thanks Kent Norman ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? Send your FREE holiday greetings online! http://greetings.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: Wed, 26 Dec 2001 13:57:54 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] light volume days Kent: During the interim between Christmas and New Years many of the big-buying stock-pickers employed by the institutions are on a winter-holiday vacation. Therefore, that is the reason why volume is relatively light. So even if a stock goes up, that just means retailers (individual stock buyers) like the stock. Since WON puts so much emphasis on the big-buying institutions, my belief is not to put too much credence in stocks breaking out-even if its BO is on highish volume. The reason is that I believe if the institutional stock pickers don't like the stock (and they already own it), they'll sell it when they return-and if they start selling, since institutions have so much buying power, the selling will pack a punch. And even if they do like the stock, they may short it (unless they have a large position in it already, and then they may very well "sell" to garner profits, and until the stock comes back to a more reasonable pre-holiday level-probably just above the point where it broke out from. And from that point, if they do like the stock's prospects, they may very well buy it. It's then, after New Year's, that volume surge on breakout is significant, I believe.) My strategy would be to wait until after New Year's. See, then, if the stock drops, but not to below its break-out point. It would also be nice if the stock stabilized at just above the BO point on low volume. (I'd also wait until I was sure that the market has become bullish, not merely that it was giving signals of becomming bullish, or giving signals that it is sheparding the bear into its hibernation enclave.) jans In a message dated 12/26/2001 12:48:46 PM Eastern Standard Time, kent_norman@yahoo.com writes: << How should we interpret holiday related light volume days? Normally low volume indicates a lack of conviction. Does anyone have a way to adjust for seasonal influence? Thanks Kent Norman >> - - - -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, 26 Dec 2001 18:26:34 -0500 From: "Tom Worley" Subject: [CANSLIM] Testing my new toy - please disregard This is a multi-part message in MIME format. - ------=_NextPart_000_0005_01C18E3A.D93FA9C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable - ------=_NextPart_000_0005_01C18E3A.D93FA9C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
- ------=_NextPart_000_0005_01C18E3A.D93FA9C0-- - - - -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 #1993 ****************************** 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.