Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Today's IBD "Would you buy this stock?"
Date: Thu, 15 Aug 2002 18:58:50 -0500
Next Article (by Date): Re: [CANSLIM] UCBH "Ann"
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Hi Jack, You're quite right. Thanks for pointing out my error. In this particular case, one would then need to enter intraday as the stock passed the pivot on extrapolated volume 150%+ or would have to wait for a slight pullback on lower volume in subsequent days and take a second chance entry if they wanted to avoid the 5% extension beyond pivot. Katherine - ----- Original Message ----- From: "Jack Tencza" <jtenz@yahoo.com> To: <canslim@lists.xmission.com> Sent: Thursday, August 15, 2002 6:55 PM Subject: re: [CANSLIM] Today's IBD "Would you buy this stock?" | Katherine,this(Investor Quiz)looks like a daily chart. | Jack | --- Katherine Malm <kmalm@earthlink.net> wrote: | > Hi Kelly, | > | > One more thing I intended to include was a comment | > on your original question about the length of the | > handle. WON recommends that the handle be *at least* | > 1 wk (5 trading days), but the length of the handle | > will actually vary depending on the market and the | > characteristics of the base itself. One of the | > articles I have in my file on handles states "Don't | > be surprised if a good stock's handle stretches | > seven, eight, even more than 10 straight weeks." | > (From "Very Short Handles Bear High Risks" 11/29/01) | > | > Katherine | > | > ----- Original Message ----- | > From: Katherine Malm | > To: canslim@lists.xmission.com | > Sent: Thursday, August 15, 2002 4:30 PM | > Subject: Re: [CANSLIM] Today's IBD "Would you buy | > this stock?" | > | > | > Hi Charley and Kelly, | > | > A couple of things related to the MTON chart: | > | > To your point about the breakout being beyond the 5% | > limit of the pivot---this is a weekly chart, so what | > you are seeing is the closing price at the end of | > the week, not necessarily on the day it broke out on | > volume. You'll have to look back at a daily from | > 4/01 to see it more specifically. | > | > To the point about the handle droop--While 12-15% is | > the "norm", in Bear markets, that droop can be as | > much as 30% according to WON. My recollection of the | > 4/01 time period is that we were just beginning a | > rally and so it wouldn't seem out of character for | > the handle to be as deep as it was (by my estimation | > looking at the chart, about 25%). As long as the | > handle forms on diminishing volume, is in the upper | > half of the cup formation and above the 200 day MA, | > it's valid. | > | > Katherine | > ----- Original Message ----- | > From: Chazmoore@aol.com | > To: canslim@lists.xmission.com | > Sent: Thursday, August 15, 2002 4:07 PM | > Subject: Re: [CANSLIM] Today's IBD "Would you buy | > this stock?" | > | > | > Kelly: Good for you. While I don't think there is | > anything wrong with a 2 week handle, WON does state | > it should not droop more than 15%-20%. I didn't | > study it as close as you did, but my reaction to the | > question was NO. It looked to me like the breakout | > far exceeded 5% and we are instructed not to chase | > it past 5%. Charley | > ----- Original Message ----- | > From: Kelly Short | > To: canslim@lists.xmission.com | > Sent: Thursday, August 15, 2002 3:56 PM | > Subject: [CANSLIM] Today's IBD "Would you buy | > this stock?" | > | > | > In today's "Would you buy this stock?" Metro One | > Telecom is featured. The chart shows a CwH formation | > and the answer to the quiz is "Yes," you should have | > bought this stock. But is this the most beautiful | > CwH formation there is? The handle continues for 14 | > days before the BO. Doesn't WON recommend 3 - 7 | > days? During this time, it dips 50% from the top of | > the right side. Seems that I remember WON suggesting | > a CwH formation should correct around 20%. Thoughts | > anyone? | > | > | > | -------------------------------------------------------------------------- - -- | > | > | > | > | > | | | ===== | Jack | | __________________________________________________ | Do You Yahoo!? | HotJobs - Search Thousands of New Jobs | http://www.hotjobs.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.
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