From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2818 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 Friday, August 16 2002 Volume 02 : Number 2818 In this issue: Re: [CANSLIM] stop losses and profits [CANSLIM] ANSI RE: [CANSLIM] ANSI [CANSLIM] GTSI Re: [CANSLIM] ANSI RE: [CANSLIM] ANSI Re: [CANSLIM] ANSI RE: [CANSLIM] ANSI Re: [CANSLIM] ANSI RE: [CANSLIM] CVH handle Re: [CANSLIM] ANSI ---------------------------------------------------------------------- Date: Fri, 16 Aug 2002 17:01:02 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] stop losses and profits This is a multi-part message in MIME format. - ------=_NextPart_000_0157_01C24546.8053D480 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Oops...I realize now I misread your question. I would *hold on* up to 8% below buy price, but if the stock comes back = and *kisses* the pivot, then I would buy more. I'm not inclined to buy = more when the stock drops *below* the pivot, unless it shows strong = volume pushing it back up to the pivot and beyond. Now I think I've = confused even myself! This is the way I think of it "Kiss the pivot, second chance to buy = more---Hit the pivot, yellow flag" Katherine - ----- Original Message -----=20 From: "Katherine Malm" To: Sent: Friday, August 16, 2002 4:55 PM Subject: Re: [CANSLIM] stop losses and profits | Hi Mike, |=20 | 8% standard stop loss, though I don't see this happen too often when = the | market is healthy. |=20 | Katherine |=20 | ----- Original Message ----- | From: | To: | Sent: Friday, August 16, 2002 2:54 PM | Subject: Re: [CANSLIM] stop losses and profits |=20 |=20 | | | | Katherine, | | | | I knew I could count on you for a good answer. As a follow up to = your | | answer #4, if you made 10-15% in one week, how low would you allow = the | | stock to drop on low volume and still buy more, as opposed to = selling out? | | | | Put another way, if it ran up 15% in a week, would you allow it to = go | below | | your original buy point, even if it was at low volume? | | | | | | Have a great weekend everyone! | | | | Mike | | | | Mike Niemotka , PE | | Sr. Principal Engineer | | Baxter Healthcare Corporation | | Route 120 & Wilson Road | | Round Lake, IL 60073 | | Tel (847) 270-4075 | | Fax (847) 270-4525 | | michael_niemotka@baxter.com | | | | | | | | "Katherine Malm" | | To: | canslim@lists.xmission.com | | Sent by: cc: | | owner-canslim@lists.xm Subject: Re: | [CANSLIM] stop losses and profits | | ission.com | | | | | | 08/16/2002 02:31 PM | | Please respond to | | canslim | | | | | | | | | | | | | | Hi Nancy, | | | | Let me try and clear up some of your confusion: | | | | 1. A stock's "rise" does not occur *in* a base, but *between* bases. = While | | the price will fluctuate up and down within the base itself, the = amount of | | fluctuation will vary depending on the severity of correction and = the time | | it takes to form the area of consolidation. The stock is essentially | | *absorbing* the gains of its previous advance. | | | | 2. When you purchase a stock, you will always purchase it as it = *breaks | | out* | | of that base. This preferred buy point is referred to as the "pivot" = and | is | | again defined by the pattern that the base forms. | | | | 4. When a stock begins a healthy rising pattern after it breaks out, = it | can | | rise *any* amount before it consolidates (bases) again. There is no = hard | | and | | fast rule as to how much it will rise before basing, though WON = suggests | | that if it is >=3D25%, the next base would then be considered a "new = stage | | base." This is only important in that his studies show that most = stocks | | can't muster the oomph to keep going after they've reached the 3rd = or 4th | | stage base. | | | | 3. Mike's question about a sell rule is not dependent on *which* = base in | | the | | base count we are evaluating. A base is a base. If the stock breaks = out as | | it should and begins to rise, how are you going to handle selling it | | when/if | | the time comes? | | | | 4. WON suggests that, if you buy correctly at the pivot (or no more = than | 5% | | above it), that you should never have to suffer a loss of more than = 8%. | | This | | is because, in his studies, he has found that a healthy stock never = falls | | more than 8% below the pivot before continuing a healthy advance. | | | | 5. Mike's question, specifically, was "if a stock breaks out of a = base, | | then | | rises 10-15%, then falls back, where do you place your sell stop? 8% = below | | your buy price or something other than that?" In other words, should = you | be | | willing to accept *any* loss if a stock has managed to rise 10-15% = in 6 | | wks, | | then falls back to where you bought it. My vote is, if it takes 6 = wks to | | rise and then erases the entire advance, I don't want to take an 8% = loss. | | If | | it rose 10-15% in *one* week and then fell back on low volume, I'd = look at | | that as "normal" and might consider it a second chance to *buy* = more. | | | | Katherine | | | | | | ----- Original Message ----- | | From: "NANCY POLCARO" | | To: | | Sent: Friday, August 16, 2002 1:47 PM | | Subject: Re: [CANSLIM] stop losses and profits | | | | | | | Katherine-let me see if I am following correctly please. My = question is | | | that previously I understood that after the third rise in a base | | formation | | a | | | stock may correct by dropping below the previous base and then = starting | | up | | | again if all is well with the stock. Then the bases start to be | | recounted | | | again. In this case, if you just bought in during the third rise = in the | | | base, which from my understanding would probably go up between = 15%(Mikes | | | figure) and 25%( the amount of each rise in a base of a healthy = stock) | | you | | | would sell(not you personally but someone with my amount of = experience | or | | | the like) before the 8% drop, to protect your gain. Then follow = the | | stock | | | and watch for a buy in again at some point depending on how the = stock | | acts | | | from this point on? Is that close to correct ??? Thanks for your | | thoughts | | | Nancy | | | | | | | | | >From: "Katherine Malm" | | | >Reply-To: canslim@lists.xmission.com | | | >To: | | | >Subject: Re: [CANSLIM] stop losses and profits | | | >Date: Fri, 16 Aug 2002 13:09:30 -0500 | | | > | | | >HI Mike, | | | > | | | >I think you'll get a hundred different answers on this one, so = I'll | just | | | >answer from my personal point of view. | | | > | | | >If a stock breaks out of a well-formed base on volume, then takes = 6 | | weeks | | | >to | | | >rise 10 or 15 percent, then I sure wouldn't want to risk 8% loss = at | that | | | >point, even if it were falling back "normally" as you suggest. To = me | | that | | | >means that no sell signals were triggered on the way up, and that = the | | | >general pattern included up days on higher volume than down days, | | support | | | >at | | | >the 50 day moving average, etc. My personal preference, however, = would | | be | | | >to | | | >move my stop to breakeven or slightly below (3-4% max, depending = on | | market | | | >conditions) if the stock had risen like this. | | | > | | | >Katherine | | | > | | | > | | | >----- Original Message ----- | | | >From: | | | >To: | | | >Sent: Friday, August 16, 2002 9:17 AM | | | >Subject: [CANSLIM] stop losses and profits | | | > | | | > | | | >| Group, | | | >| | | | >| In reading WON, he makes a statement that you should never let = a | stock | | in | | | >| which you are up 10-15% turn into a loss, but I was wondering = you | have | | | >| interpreted that along with the sell at no more than an 8% loss = rule. | | | >| | | | >| Say you buy a stock, at a breakout, and it rises 10-15% over a = few | (6+ | | | >| weeks), and then is started to correct....Do you sell at you = break | | even | | | >| point, or do you allow it to go to your 8% loss point before = selling? | | | >This | | | >| is assuming that the stock is NOT giving any strong sell = signals, but | | | >| appears to be pulling back "normally". | | | >| | | | >| Thanks | | | >| | | | >| Mike Niemotka , PE | | | >| Sr. Principal Engineer | | | >| Baxter Healthcare Corporation | | | >| Route 120 & Wilson Road | | | >| Round Lake, IL 60073 | | | >| Tel (847) 270-4075 | | | >| Fax (847) 270-4525 | | | >| michael_niemotka@baxter.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. | | | | | | | | | | | | | | | _________________________________________________________________ | | | Send and receive Hotmail on your mobile device: = http://mobile.msn.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. |=20 |=20 | - | -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_0157_01C24546.8053D480 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Oops...I realize now I misread your question.
 
I would *hold on* up to 8% below buy price, but if the stock comes = back and=20 *kisses* the pivot, then I would buy more. I'm not inclined to buy more = when the=20 stock drops *below* the pivot, unless it shows strong volume pushing it = back up=20 to the pivot and beyond. Now I think I've confused even myself!
 
This is the way I think of it  "Kiss the pivot, = second chance=20 to buy more---Hit the pivot, yellow flag"
 
Katherine
 
----- Original Message -----=20
From: "Katherine Malm" <kmalm@earthlink.net>
To: <canslim@lists.xmission.com= >
Sent: Friday, August 16, 2002 4:55 PM
Subject: Re: [CANSLIM] stop losses and profits

| Hi Mike,
|
| 8% standard stop loss, though I = don't see=20 this happen too often when the
| market is healthy.
|
| = Katherine
|=20
| ----- Original Message -----
| From: <michael_niemotka@baxter.com>
|=20 To: <canslim@lists.xmission.com= >
|=20 Sent: Friday, August 16, 2002 2:54 PM
| Subject: Re: [CANSLIM] stop = losses=20 and profits
|
|
| |
| | Katherine,
| |
| | I knew I = could=20 count on you for a good answer.  As a follow up to your
| | = answer #4,=20 if you made 10-15% in one week, how low would you allow the
| | stock = to drop=20 on low volume and still buy more, as opposed to selling out?
| |
| = | Put=20 another way, if it ran up 15% in a week, would you allow it to go
|=20 below
| | your original buy point, even if it was at low volume?
| = |
|=20 |
| | Have a great weekend everyone!
| |
| | Mike
| |
| | = Mike=20 Niemotka , PE
| | Sr. Principal Engineer
| | Baxter Healthcare=20 Corporation
| | Route 120 & Wilson Road
| | Round Lake, IL = 60073
|=20 | Tel (847) 270-4075
| | Fax (847) 270-4525
| | michael_niemotka@baxter.com
|=20 |
| |
| |
|=20 |            =         =20 "Katherine Malm"
|=20 |            =         =20 <kmalm@earthlink.net> &nbs= p;      =20 To:
| canslim@lists.xmission.com=
|=20 |            =         =20 Sent=20 by:           &nbs= p;         =20 cc:
|=20 |            =         =20 owner-canslim@lists.xm &n= bsp;     =20 Subject:     Re:
| [CANSLIM] stop losses and = profits
|=20 |            =         =20 ission.com
| |
| |
|=20 |            =         =20 08/16/2002 02:31 PM
|=20 |            =         =20 Please respond to
|=20 |            =         =20 canslim
| |
| |
| |
| |
| |
| |
| | Hi Nancy,
| = |
| |=20 Let me try and clear up some of your confusion:
| |
| | 1. A = stock's=20 "rise" does not occur *in* a base, but *between* bases. While
| | the = price=20 will fluctuate up and down within the base itself, the amount of
| |=20 fluctuation will vary depending on the severity of correction and the = time
|=20 | it takes to form the area of consolidation. The stock is = essentially
| |=20 *absorbing* the gains of its previous advance.
| |
| | 2. When you = purchase a stock, you will always purchase it as it *breaks
| | = out*
| |=20 of that base. This preferred buy point is referred to as the "pivot" = and
|=20 is
| | again defined by the pattern that the base forms.
| |
| = | 4.=20 When a stock begins a healthy rising pattern after it breaks out, = it
|=20 can
| | rise *any* amount before it consolidates (bases) again. There = is no=20 hard
| | and
| | fast rule as to how much it will rise before = basing,=20 though WON suggests
| | that if it is >=3D25%, the next base would = then be=20 considered a "new stage
| | base." This is only important in that his = studies=20 show that most stocks
| | can't muster the oomph to keep going after = they've=20 reached the 3rd or 4th
| | stage base.
| |
| | 3. Mike's = question about=20 a sell rule is not dependent on *which* base in
| | the
| | base = count we=20 are evaluating. A base is a base. If the stock breaks out as
| | it = should=20 and begins to rise, how are you going to handle selling it
| | = when/if
| |=20 the time comes?
| |
| | 4. WON suggests that, if you buy correctly = at the=20 pivot (or no more than
| 5%
| | above it), that you should never = have to=20 suffer a loss of more than 8%.
| | This
| | is because, in his = studies, he=20 has found that a healthy stock never falls
| | more than 8% below the = pivot=20 before continuing a healthy advance.
| |
| | 5. Mike's question,=20 specifically, was "if a stock breaks out of a base,
| | then
| | = rises=20 10-15%, then falls back, where do you place your sell stop? 8% = below
| | your=20 buy price or something other than that?" In other words, should you
| = be
|=20 | willing to accept *any* loss if a stock has managed to rise 10-15% in = 6
| |=20 wks,
| | then falls back to where you bought it. My vote is, if it = takes 6=20 wks to
| | rise and then erases the entire advance, I don't want to = take an=20 8% loss.
| | If
| | it rose 10-15% in *one* week and then fell = back on low=20 volume, I'd look at
| | that as "normal" and might consider it a = second=20 chance to *buy* more.
| |
| | Katherine
| |
| |
| | ----- = Original Message -----
| | From: "NANCY POLCARO" <zillagirl@msn.com>
| | To: = <canslim@lists.xmission.com= >
|=20 | Sent: Friday, August 16, 2002 1:47 PM
| | Subject: Re: [CANSLIM] = stop=20 losses and profits
| |
| |
| | | Katherine-let me see if I am = following=20 correctly please.  My question is
| | | that previously I = understood=20 that after the third rise in a base
| | formation
| | a
| | | = stock may=20 correct by dropping below the previous base and then starting
| | = up
| | |=20 again if all is well with the stock.  Then the bases start to = be
| |=20 recounted
| | | again.  In this case, if you just bought in = during the=20 third rise in the
| | | base, which from my understanding would = probably go=20 up between 15%(Mikes
| | | figure) and 25%( the amount of each rise = in a base=20 of a healthy stock)
| | you
| | | would sell(not you personally = but=20 someone with my amount of experience
| or
| | | the like) before = the 8%=20 drop, to protect your gain.  Then follow the
| | stock
| | | = and=20 watch for a buy in again at some point depending on how the stock
| | = acts
| | | from this point on?  Is that close to correct = ??? =20 Thanks for your
| | thoughts
| | | Nancy
| | |
| | |
| | = |=20 >From: "Katherine Malm" <kmalm@earthlink.net>
| | | = >Reply-To: canslim@lists.xmission.com=
| | |=20 >To: <canslim@lists.xmission.com= >
|=20 | | >Subject: Re: [CANSLIM] stop losses and profits
| | | = >Date: Fri,=20 16 Aug 2002 13:09:30 -0500
| | | >
| | | >HI Mike,
| | |=20 >
| | | >I think you'll get a hundred different answers on this = one, so=20 I'll
| just
| | | >answer from my personal point of view.
| = | |=20 >
| | | >If a stock breaks out of a well-formed base on volume, = then=20 takes 6
| | weeks
| | | >to
| | | >rise 10 or 15 percent, = then I=20 sure wouldn't want to risk 8% loss at
| that
| | | >point, even = if it=20 were falling back "normally" as you suggest. To me
| | that
| | |=20 >means that no sell signals were triggered on the way up, and that = the
| |=20 | >general pattern included up days on higher volume than down = days,
| |=20 support
| | | >at
| | | >the 50 day moving average, etc. My = personal=20 preference, however, would
| | be
| | | >to
| | | >move = my stop=20 to breakeven or slightly below (3-4% max, depending on
| | = market
| | |=20 >conditions) if the stock had risen like this.
| | | >
| | | = >Katherine
| | | >
| | | >
| | | >----- Original = Message=20 - -----
| | | >From: <michael_niemotka@baxter.com>
|=20 | | >To: <canslim@lists.xmission.com= >
|=20 | | >Sent: Friday, August 16, 2002 9:17 AM
| | | >Subject: = [CANSLIM]=20 stop losses and profits
| | | >
| | | >
| | | >| = Group,
| |=20 | >|
| | | >| In reading WON, he makes a statement that you = should=20 never let a
| stock
| | in
| | | >| which you are up 10-15% = turn=20 into a loss, but I was wondering you
| have
| | | >| = interpreted that=20 along with the sell at no more than an 8% loss rule.
| | | >|
| = | |=20 >| Say you buy a stock, at a breakout, and it rises 10-15% over a = few
|=20 (6+
| | | >| weeks), and then is started to correct....Do you sell = at you=20 break
| | even
| | | >| point, or do you allow it to go to your = 8% loss=20 point before selling?
| | | >This
| | | >| is assuming that = the=20 stock is NOT giving any strong sell signals, but
| | | >| appears = to be=20 pulling back "normally".
| | | >|
| | | >| Thanks
| | |=20 >|
| | | >| Mike Niemotka , PE
| | | >| Sr. Principal=20 Engineer
| | | >| Baxter Healthcare Corporation
| | | >| = Route 120=20 & Wilson Road
| | | >| Round Lake, IL 60073
| | | >| Tel = (847)=20 270-4075
| | | >| Fax (847) 270-4525
| | | >| michael_niemotka@baxter.com
| |=20 | >|
| | | >|
| | | >|
| | | >| -
| | | >| = - -To=20 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"
| = | |=20 >-In the email body, write "subscribe canslim" or
| | | = >-"unsubscribe=20 canslim".  Do not use quotes in your email.
| | |
| | |
| = | |
|=20 | |
| | |=20 _________________________________________________________________
| | = | Send=20 and receive Hotmail on your mobile device: http://mobile.msn.com
| | |
| | = |
| |=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.
| |
| |
| | = - -
| |=20 - -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.
| |
| |
| |
| |
| |
| = |
|=20 |
| | -
| | -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.
|
|
| -
| -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
|=20 - -In the email body, write "subscribe canslim" or
| -"unsubscribe=20 canslim".  Do not use quotes in your email. - ------=_NextPart_000_0157_01C24546.8053D480-- - - - -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: Fri, 16 Aug 2002 21:22:20 -0400 From: "Ann" Subject: [CANSLIM] ANSI I am trying to figure out whether there is a base or not. On the daily chart, I see a cup and handle starting at 6/11, forming the right rim on 8/7, and now forming handle. But when I look at the weekly chart, I see a possible larger chart starting in January. The volume on the weekly chart looks very promising. Ann - - - -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: Fri, 16 Aug 2002 18:49:40 -0700 From: "Scott Gettis" Subject: RE: [CANSLIM] ANSI the handle looks a little loose to me. I would wait to see the pattern tighten up. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 6:22 PM To: CANSLIM Listserv Subject: [CANSLIM] ANSI I am trying to figure out whether there is a base or not. On the daily chart, I see a cup and handle starting at 6/11, forming the right rim on 8/7, and now forming handle. But when I look at the weekly chart, I see a possible larger chart starting in January. The volume on the weekly chart looks very promising. Ann - - - -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: Fri, 16 Aug 2002 21:48:56 -0400 From: "Ann" Subject: [CANSLIM] GTSI Did anyone catch GTSI? It's such a spectacular breakout that I can't help but comment on it. I hope someone did! Ann - - - -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: Fri, 16 Aug 2002 21:52:48 EDT From: Chazmoore@aol.com Subject: Re: [CANSLIM] ANSI - --part1_8f.20b2f477.2a8f0670_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: You are correct about the larger cup. The left hand lip was at $36.75 on January 15, 2002, and the low was $24.00, making the midpoint $30.38. In my opinion, the right hand lip has not formed yet and that is not a handle, unless the lip formed Thursday and you are looking at the first day of the handle. Why not give it a few days to develop? The left hand of the cup is always the last high price and you may go back nearly a year looking for the last high. If you look at the upper right hand corner of the Weekly chart you will find the last 52 week high. Normally that will be the left hand lip. Charley - --part1_8f.20b2f477.2a8f0670_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ann: You are correct about the larger cup. The left hand lip was at $36.75 on January 15, 2002, and the low was $24.00, making the midpoint $30.38.
In my opinion, the right hand lip has not formed yet and that is not a handle, unless the lip formed Thursday and you are looking at the first day of the handle. Why not give it a few days to develop?
The left hand of the cup is always the last high price and you may go back nearly a year looking for the last high. If you look at the upper right hand corner of the Weekly chart you will find the last 52 week high. Normally that will be the left hand lip.
Charley - --part1_8f.20b2f477.2a8f0670_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: Fri, 16 Aug 2002 15:53:45 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] ANSI Hi Ann, IHHO the cup starting at 6/11 is not valid because there wasn't a 30% run up to that point. You have to go back to 1/15 to find the true start of the cup. Here's what my software thinks is the ANSI base. http://www.cwhcharts.com/charts/cwhchart.php?symbol=ANSI&today=2002-08-16 Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 3:22 PM To: CANSLIM Listserv Subject: [CANSLIM] ANSI I am trying to figure out whether there is a base or not. On the daily chart, I see a cup and handle starting at 6/11, forming the right rim on 8/7, and now forming handle. But when I look at the weekly chart, I see a possible larger chart starting in January. The volume on the weekly chart looks very promising. Ann - - - -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: Fri, 16 Aug 2002 21:54:42 -0400 From: "Ann" Subject: Re: [CANSLIM] ANSI This is a multi-part message in MIME format. - ------=_NextPart_000_00F5_01C2456F.86F6C1C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks, Scott and Charley. Scott, in what we are calling the handle, don't we see what WON calls = "tightness" on 8/8, 8/9, and 9/10? That part doesn't seem loose (if that = is the handle, as Charley suggests it may not be). I wasn't necessarily going to put this on my watch list, but was = curious. Ann ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 16, 2002 9:52 PM Subject: Re: [CANSLIM] ANSI Ann: You are correct about the larger cup. The left hand lip was at = $36.75 on January 15, 2002, and the low was $24.00, making the midpoint = $30.38.=20 In my opinion, the right hand lip has not formed yet and that is not a = handle, unless the lip formed Thursday and you are looking at the first = day of the handle. Why not give it a few days to develop?=20 The left hand of the cup is always the last high price and you may go = back nearly a year looking for the last high. If you look at the upper = right hand corner of the Weekly chart you will find the last 52 week = high. Normally that will be the left hand lip.=20 Charley=20 - ------=_NextPart_000_00F5_01C2456F.86F6C1C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks, Scott and Charley.
Scott, in what we are calling the handle, don't we = see what=20 WON calls "tightness" on 8/8, 8/9, and 9/10? That part doesn't seem = loose (if=20 that is the handle, as Charley suggests it may not be).
 
I wasn't necessarily going to put this on my watch = list, but=20 was curious.
 
Ann
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, August 16, 2002 = 9:52=20 PM
Subject: Re: [CANSLIM] = ANSI

Ann: You = are correct=20 about the larger cup. The left hand lip was at $36.75 on January 15, = 2002, and=20 the low was $24.00, making the midpoint $30.38.
In my opinion, the = right=20 hand lip has not formed yet and that is not a handle, unless the lip = formed=20 Thursday and you are looking at the first day of the handle. Why not = give it a=20 few days to develop?
The left hand of the cup is always the last = high=20 price and you may go back nearly a year looking for the last high. If = you look=20 at the upper right hand corner of the Weekly chart you will find the = last 52=20 week high. Normally that will be the left hand lip.
Charley = - ------=_NextPart_000_00F5_01C2456F.86F6C1C0-- - - - -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: Fri, 16 Aug 2002 15:58:34 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] ANSI I should have added to my previous post, that while the volume coming up the right side of the cup was promising, the high sell volume on the day it formed the pivot and subsequent 3 days is less encouraging, IMHO. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Sent: Friday, August 16, 2002 3:22 PM To: CANSLIM Listserv Subject: [CANSLIM] ANSI I am trying to figure out whether there is a base or not. On the daily chart, I see a cup and handle starting at 6/11, forming the right rim on 8/7, and now forming handle. But when I look at the weekly chart, I see a possible larger chart starting in January. The volume on the weekly chart looks very promising. Ann - - - -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: Fri, 16 Aug 2002 21:56:41 -0400 From: "Ann" Subject: Re: [CANSLIM] ANSI Mike, Ah, yes! I forgot about that (the previous run-up). Good point. Nice software! Ann - ----- Original Message ----- From: "Mike Gibbons" To: Sent: Friday, August 16, 2002 9:53 PM Subject: RE: [CANSLIM] ANSI : Hi Ann, : : IHHO the cup starting at 6/11 is not valid because there wasn't a 30% run up : to that point. You have to go back to 1/15 to find the true start of the : cup. : : Here's what my software thinks is the ANSI base. : : http://www.cwhcharts.com/charts/cwhchart.php?symbol=ANSI&today=2002-08-16 : : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -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: Fri, 16 Aug 2002 19:02:54 -0700 From: "Scott Gettis" Subject: RE: [CANSLIM] CVH handle the handle looks ok to me. But the pattern does not look like a proper cup to me; more like a v-shaped formation The cup setting up on mme looks better to me. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Boyd Sent: Friday, August 16, 2002 1:33 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH handle Let me qualify that. One week is long enuf if the price/vol action is right. Volatility will negate a chart in a hurry, IMO. norm Boyd writes: > If memory serves me correctly, 1 week is long enuf. I think maybe I saw > this also on Katherine's hand-sketched charts?? If not, nevermind:-) > > Norm > > > Hermann Ertl writes: > > > > From: "Tom Worley" > > > Date: Thu, 15 Aug 2002 00:57:00 -0400 > > > > > > pattern is too short (one week) to start calling this a handle.ion > > > > > > > > > > What is the minimum length of a handle? > > > > > > > > > > > > - > > -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. - - - -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: Fri, 16 Aug 2002 22:03:08 -0400 From: "Ann" Subject: Re: [CANSLIM] ANSI I see what you mean, Mike, but did you see the weekly chart? Also, the sell volume in the bottom of the base is low. But I guess the most recent pattern is the most significant. Ann - ----- Original Message ----- From: "Mike Gibbons" To: Sent: Friday, August 16, 2002 9:58 PM Subject: RE: [CANSLIM] ANSI : I should have added to my previous post, that while the volume coming up the : right side of the cup was promising, the high sell volume on the day it : formed the pivot and subsequent 3 days is less encouraging, IMHO. : : Aloha, : : Mike Gibbons : Proactive Technologies, LLC : http://www.proactech.com : : : -----Original Message----- : From: owner-canslim@lists.xmission.com : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann : Sent: Friday, August 16, 2002 3:22 PM : To: CANSLIM Listserv : Subject: [CANSLIM] ANSI : : : I am trying to figure out whether there is a base or not. : : On the daily chart, I see a cup and handle starting at 6/11, forming the : right rim on 8/7, and now forming handle. : : But when I look at the weekly chart, I see a possible larger chart starting : in January. : : The volume on the weekly chart looks very promising. : : Ann : : : - : -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. ------------------------------ End of canslim-digest V2 #2818 ****************************** 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.