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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #2025
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, January 11 2002 Volume 02 : Number 2025
In this issue:
Re: [CANSLIM] ASIA?
Re: [CANSLIM] ASIA?
----------------------------------------------------------------------
Date: Fri, 11 Jan 2002 15:15:22 -0700
From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] ASIA?
Wow, that's some link. Here is a suggestion on long links, I've only used it once,
but it seemed to work.
http://www.makeashorterlink.com/index.php
Thanks for the chart. I'll stick with my interpretation, but I'll add that the handle
seems a little loose, not ideal. I would say the breakout fails around 19, a 7 to 8%
drop in price from the breakout. I think the pivot point was close to 20.25 or so, I
tend to discount those intraday spikes, if they occur, and use the close, so that
would not take the Dec. 4 (or whichever date it was) high into account, just the
close. Not sure this is a legitimate approach, just a personal quirk maybe. Anyway,
I think that anyone in this stock should stick with it a bit longer.
On 11 Jan 2002 at 15:14, Katherine Malm wrote:
> Just an experiment, but here's a marked chart:
>
> http://photos.yahoo.com/bc/katherinemalm/vwp?.dir=/CANSLIM&.dnm=ASIA+011102.jpg&.src=ph&.done=http%3a//photos.yahoo.com/bc/katherinemalm/vwp%3f.dir=/CANSLIM%26.dnm=Up%2bDn%2bRatio%2bArticle%2b123101.jpg%26.src=ph
>
> Katherine
> ----- Original Message -----
> From: Patrick Wahl
> To: canslim@lists.xmission.com
> Sent: Friday, January 11, 2002 2:52 PM
> Subject: RE: [CANSLIM] ASIA?
>
>
> I think we went around about this subject a few months ago, but I would put a
> different interpretation on the chart. I think the 12/4 spike marked the end of the
> right side of the cup, and the choppy sideways movement from that point constitutes
> a handle. So buying on 12/4 was not the proper buy point.
>
> The more appropriate buy point would be the day in January where price gapped up
> to close at about 20.90 or so. To me the formation of a handle part way up a cup
> doesn't make sense. Handles form at logical sell points, and the logical sell point is
> the resistance formed at the old high - the left side of the cup around end of June,
> first of July. Without a sort of definite point like an old high, any consolidation point
> along the way up the right side of the cup can be called a handle.
>
> Just my interpretation, I think during the discussion of this point a few months ago I
> was in a decided minority (one, maybe).
>
> On 10 Jan 2002 at 23:30, Dave wrote:
>
> > In hindsight if I had been watching ASIA on 12/4 I probably would have
> > bought. If you consider 11/27 to be the start of a short handle, the pivot
> > would be 17.33 and the stock could have been bought up to 18.20. In this
> > case, you would still be in the stock.
> >
> > As for now, it's definitely a gamble. Personally I like the month-long
> > consolidation and the near record volume over the past few days, and think
> > that if the Nasdaq resumes its rally, there's a good chance ASIA will go
> > along for the ride.
> >
> >
> > > -----Original Message-----
> > > From: owner-canslim@lists.xmission.com
> > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser
> > > Sent: Thursday, January 10, 2002 11:51 PM
> > > To: canslim@lists.xmission.com
> > > Subject: RE: [CANSLIM] ASIA?
> > >
> > >
> > > So you only consider cup with handles as true breakouts? I buy
> > > cups, cup
> > > with handles, double bottoms, and flat bases, maybe others.
> > >
> > > At 10:44 PM 1/10/02 -0500, you wrote:
> > > >I'm biased, but I prefer to see it as a high handle beginning
> > > on 12/6. The
> > > >volume that day was not so great, and there was no true
> > > handle, so I don't
> > > >consider it a true breakout.
> > > >
> > > >The handle beginning after that failure is nice and long and
> > > volume dried
> > > >up nicely towards the end. The volume on 1/6-1/7 was very high.
> > > >
> > > >Only time will tell the true story...
> > > >
> > > >> -----Original Message-----
> > > >> From: owner-canslim@lists.xmission.com
> > > >> [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser
> > > >> Sent: Thursday, January 10, 2002 11:25 PM
> > > >> To: canslim@lists.xmission.com
> > > >> Subject: Re: [CANSLIM] ASIA?
> > > >>
> > > >>
> > > >> I read this one differently. I see ASIA as a stock with a
> > > breakout to a
> > > >> new on 12/6. (And as a matter of fact, I bot it that day.)
> > > >> That breakout
> > > >> became suspect as the stock corrected and closed near its
> > > low during the
> > > >> day, and went on to be a failed breakout for anyone buying
> > > in during the
> > > >> day. The action since then is short of the 5 weeks minimum to
> > > >> define a new
> > > >> base, and is confusing in light of the new high it set.. I'm
> > > >> not sure where
> > > >> I would put a pivot on this one. The volume was fabulous for 2
> > > >> days, but
> > > >> has remained almost as high for the last 2 day pullback, so I
> > > >> would be very
> > > >> cautious.
> > > >>
> > > >> At 04:58 PM 1/10/02 -0500, you wrote:
> > > >> >Hi,
> > > >> >
> > > >> >Just curious on comment about ASIA. Last few days it looked
> > > >> to be breaking
> > > >> >out of a nice chart formation. Alas, it seems to be
> > > breaking down or
> > > >> >allowing for another re-entry point. Any thoughts?
> > > >> >
> > > >> >Is this stock considered Canslim "worthy" even though it has
> > > >> seen higher
> > > >> >days (ie. not breaking to new highs)?
> > > >> >
> > > >> >Thanks,
> > > >> >Erik
> > > >> >PS. Forgive me if this has been the topic of recent
> > > >> discussion. I just moved
> > > >> >and missed the last week of my Canslim Group emails.
> > > >> >
> > > >> >----- Original Message -----
> > > >> >From: "Mike Hofmann" <sfmcanslim@hotmail.com>
> > > >> >To: <canslim@lists.xmission.com>
> > > >> >Sent: Thursday, January 10, 2002 1:08 PM
> > > >> >Subject: Re: AW: [CANSLIM] DFXI
> > > >> >
> > > >> >
> > > >> >> ... and still more than you really wanted to know about "kudos":
> > > >> >>
> > > >> >> From a really cool site called "Take Our Word For It"
> > > >> >> (http://www.takeourword.com/):
> > > >> >>
> > > >> >> "Kudos is simply Greek for "praise". It is thought to
> > > have entered
> > > >> >English
> > > >> >> as university slang. By 1799 we have a back-formed verb
> > > kudize "to
> > > >> >praise",
> > > >> >> so kudos itself was probably in use prior to that, though
> > > >> the first known
> > > >> >> recorded use of kudos comes from 1831. Thereafter we find
> > > >> it used by the
> > > >> >> likes of Disraeli and Darwin. Darwin wrote, in one of his
> > > >> letters: "Lyell
> > > >> >> has read about half of the volume in clean sheets, and gives
> > > >> me very great
> > > >> >> kudos."
> > > >> >>
> > > >> >> Pronunciation in Britain is "cue-doss" while in America it
> > > >> is "koo-doze".
> > > >> >> As with many Greek words, -os indicates a singular noun.
> > > Many people
> > > >> >assume
> > > >> >> kudos is the plural form, with the singular being a
> > > kudo. They are
> > > >> >wrong.
> > > >> >> Just wrong.
> > > >> >>
> > > >> >> There was once a computer operating system called QDOS. Was
> > > >> it named by a
> > > >> >> Brit, so that it sounded like kudos, or is that simply a
> > > >> coincidence?"
> > > >> >>
> > > >> >> ... and there you have it.
> > > >> >>
> > > >> >>
> > > >> >> ----- Original Message -----
> > > >> >> From: "Warren Keuffel" <wkeuffel@xmission.com>
> > > >> >> To: <canslim@lists.xmission.com>
> > > >> >> Sent: Wednesday, January 09, 2002 8:23 PM
> > > >> >> Subject: Re: AW: [CANSLIM] DFXI
> > > >> >>
> > > >> >>
> > > >> >> > Jumping in here for Mike -- "Kudos" basically means
> > > >> "Congratulations".
> > > >> >> > However <ahem> I was curious about the etymology of the word so
> > > >> >> > consulted my American Heritage dictionary which defines it
> > > >> as "Acclaim
> > > >> >> > or prestige as a result of achievement or position." But
> > > >> no guidance on
> > > >> >> > etymology, darn it. More than you wanted to know, right? <g>
> > > >> >> >
> > > >> >> > Warren
> > > >> >> >
> > > >> >> > Andreas Himmelreich wrote:
> > > >> >> >
> > > >> >> > >Sorry to ask Mike, what means Kudos?
> > > >> >> > >
> > > >> >> > >
> > > >> >> > >>-----Ursprungliche Nachricht-----
> > > >> >> > >>Von: Mike Gibbons [SMTP:webmaster@cwhcharts.com]
> > > >> >> > >>Gesendet am: Wednesday, January 09, 2002 7:08 PM
> > > >> >> > >>An: canslim@lists.xmission.com
> > > >> >> > >>Betreff: RE: [CANSLIM] DFXI
> > > >> >> > >>
> > > >> >> > >>Kudos to you, you should be feeling pleased this morning
> > > >> and justly
> > > >> >so.
> > > >> >> > >>
> > > >> >> > >>Aloha,
> > > >> >> > >>
> > > >> >> > >>Mike Gibbons
> > > >> >> > >>
> > > >> >> > >>
> > > >> >> > >>
> > > >> >> > >>-----Original Message-----
> > > >> >> > >>From: owner-canslim@lists.xmission.com
> > > >> >> > >>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave
> > > >> >> > >>Sent: Wednesday, January 09, 2002 5:29 AM
> > > >> >> > >>To: canslim@lists.xmission.com
> > > >> >> > >>Subject: RE: [CANSLIM] DFXI
> > > >> >> > >>
> > > >> >> > >>
> > > >> >> > >>True, the handle was a bit sloppy but for the most part
> > > >> volume in the
> > > >> >> > >>handle was below normal. It also made a pretty nice ascending
> > > >> >triangle.
> > > >> >> > >>
> > > >> >> > >>As for the action at the end of the day, I think you're
> > > >> reading too
> > > >> >much
> > > >> >> > >>into it. The stock made a tremendous surge on volume in
> > > >> the last half
> > > >> >> hour
> > > >> >> > >>of trading. It then pulled back on lower volume but
> > > >> didn't undercut
> > > >> >that
> > > >> >> > >>"intraday breakout point". It then found some new buyers
> > > >> at the very
> > > >> >end
> > > >> >> > >>of the session.
> > > >> >> > >>
> > > >> >> > >>You can find flaws in any chart formation. I've
> > > missed many huge
> > > >> >winners
> > > >> >> > >>by refusing to buy what I perceived as a flawed handle,
> > > >> or by putting
> > > >> >> too
> > > >> >> > >>much weight on intraday analysis. Even IBD will go on to
> > > >> call "perfect
> > > >> >> > >>cup-handle breakouts" on stocks that have somewhat
> > > questionable
> > > >> >> > >>formations. I won't be surprised to see DFXI mentioned
> > > >> tomorrow as a
> > > >> >> good
> > > >> >> > >>example.
> > > >> >> > >>
> > > >> >> > >>Of course hindsight is 20/20. Nevertheless I'm glad I
> > > >> bought yesterday
> > > >> >> :)
> > > >> >> > >>
> > > >> >> > >>
> > > >> >> > >>>>Yes it did but fell back below it's high of the day. Also,
> > > >> >> > >>>>
> > > >> >> > >>>action in the
> > > >> >> > >>>
> > > >> >> > >>>>handle has been sloppy - one normally hopes to see price
> > > >> >> > >>>>
> > > >> >> > >>>pullback on falling
> > > >> >> > >>>
> > > >> >> > >>>>volume but in fact it's made a couple of attempts to BO on
> > > >> >> > >>>>
> > > >> >> > >>>above average
> > > >> >> > >>>
> > > >> >> > >>>>volume since forming the pivot on 12/10. I wouldn't
> > > >> rush in with an
> > > >> >> > >>>>overnight order!
> > > >> >> > >>>>
> > > >> >> > >>>>Mike Gibbons
> > > >> >> > >>>>
> > > >> >> > >>
> > > >> >> > >>-
> > > >> >> > >>-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.
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> > > >> >>
> > > >> >> -
> > > >> >> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > > >> >> -In the email body, write "subscribe canslim" or
> > > >> >> -"unsubscribe canslim". Do not use quotes in your email.
> > > >> >
> > > >> >
> > > >> >_________________________________________________________
> > > >> >Do You Yahoo!?
> > > >> >Get your free @yahoo.com address at http://mail.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.
> > > >
> > > >
> > >
> > >
> > > -
> > > -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, 11 Jan 2002 16:12:40 -0600
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] ASIA?
This is a multi-part message in MIME format.
- ------=_NextPart_000_0075_01C19ABA.CB0B6240
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Patrick,
That's just about the coolest thing I've seen on the net in ages! (OK, =
so I'm not very adventurous.) Thanks and here's the new link to the =
chart:
http://makeashorterlink.com/?R22F6694
Katherine
----- Original Message -----=20
From: Patrick Wahl=20
To: canslim@lists.xmission.com=20
Sent: Friday, January 11, 2002 4:15 PM
Subject: Re: [CANSLIM] ASIA?
Wow, that's some link. Here is a suggestion on long links, I've only =
used it once,=20
but it seemed to work.
http://www.makeashorterlink.com/index.php
Thanks for the chart. I'll stick with my interpretation, but I'll add =
that the handle=20
seems a little loose, not ideal. I would say the breakout fails =
around 19, a 7 to 8%=20
drop in price from the breakout. I think the pivot point was close to =
20.25 or so, I=20
tend to discount those intraday spikes, if they occur, and use the =
close, so that=20
would not take the Dec. 4 (or whichever date it was) high into =
account, just the=20
close. Not sure this is a legitimate approach, just a personal quirk =
maybe. Anyway,=20
I think that anyone in this stock should stick with it a bit longer.
On 11 Jan 2002 at 15:14, Katherine Malm wrote:
> Just an experiment, but here's a marked chart:
>=20
> =
http://photos.yahoo.com/bc/katherinemalm/vwp?.dir=3D/CANSLIM&.dnm=3DASIA+=
011102.jpg&.src=3Dph&.done=3Dhttp%3a//photos.yahoo.com/bc/katherinemalm/v=
wp%3f.dir=3D/CANSLIM%26.dnm=3DUp%2bDn%2bRatio%2bArticle%2b123101.jpg%26.s=
rc=3Dph
>=20
> Katherine
> ----- Original Message -----=20
> From: Patrick Wahl=20
> To: canslim@lists.xmission.com=20
> Sent: Friday, January 11, 2002 2:52 PM
> Subject: RE: [CANSLIM] ASIA?
>=20
>=20
> I think we went around about this subject a few months ago, but I =
would put a=20
> different interpretation on the chart. I think the 12/4 spike =
marked the end of the=20
> right side of the cup, and the choppy sideways movement from that =
point constitutes=20
> a handle. So buying on 12/4 was not the proper buy point.
>=20
> The more appropriate buy point would be the day in January where =
price gapped up=20
> to close at about 20.90 or so. To me the formation of a handle =
part way up a cup=20
> doesn't make sense. Handles form at logical sell points, and the =
logical sell point is=20
> the resistance formed at the old high - the left side of the cup =
around end of June,=20
> first of July. Without a sort of definite point like an old high, =
any consolidation point=20
> along the way up the right side of the cup can be called a handle.
>=20
> Just my interpretation, I think during the discussion of this =
point a few months ago I=20
> was in a decided minority (one, maybe). =20
>=20
> On 10 Jan 2002 at 23:30, Dave wrote:
>=20
> > In hindsight if I had been watching ASIA on 12/4 I probably =
would have
> > bought. If you consider 11/27 to be the start of a short handle, =
the pivot
> > would be 17.33 and the stock could have been bought up to 18.20. =
In this
> > case, you would still be in the stock.
> >=20
> > As for now, it's definitely a gamble. Personally I like the =
month-long
> > consolidation and the near record volume over the past few days, =
and think
> > that if the Nasdaq resumes its rally, there's a good chance ASIA =
will go
> > along for the ride.
> >=20
> >=20
> > > -----Original Message-----
> > > From: owner-canslim@lists.xmission.com
> > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser
> > > Sent: Thursday, January 10, 2002 11:51 PM
> > > To: canslim@lists.xmission.com
> > > Subject: RE: [CANSLIM] ASIA?
> > >
> > >
> > > So you only consider cup with handles as true breakouts? I =
buy
> > > cups, cup
> > > with handles, double bottoms, and flat bases, maybe others.
> > >
> > > At 10:44 PM 1/10/02 -0500, you wrote:
> > > >I'm biased, but I prefer to see it as a high handle beginning
> > > on 12/6. The
> > > >volume that day was not so great, and there was no true
> > > handle, so I don't
> > > >consider it a true breakout.
> > > >
> > > >The handle beginning after that failure is nice and long and
> > > volume dried
> > > >up nicely towards the end. The volume on 1/6-1/7 was very =
high.
> > > >
> > > >Only time will tell the true story...
> > > >
> > > >> -----Original Message-----
> > > >> From: owner-canslim@lists.xmission.com
> > > >> [mailto:owner-canslim@lists.xmission.com]On Behalf Of =
esetser
> > > >> Sent: Thursday, January 10, 2002 11:25 PM
> > > >> To: canslim@lists.xmission.com
> > > >> Subject: Re: [CANSLIM] ASIA?
> > > >>
> > > >>
> > > >> I read this one differently. I see ASIA as a stock with a
> > > breakout to a
> > > >> new on 12/6. (And as a matter of fact, I bot it that day.)
> > > >> That breakout
> > > >> became suspect as the stock corrected and closed near its
> > > low during the
> > > >> day, and went on to be a failed breakout for anyone buying
> > > in during the
> > > >> day. The action since then is short of the 5 weeks minimum =
to
> > > >> define a new
> > > >> base, and is confusing in light of the new high it set.. =
I'm
> > > >> not sure where
> > > >> I would put a pivot on this one. The volume was fabulous =
for 2
> > > >> days, but
> > > >> has remained almost as high for the last 2 day pullback, so =
I
> > > >> would be very
> > > >> cautious.
> > > >>
> > > >> At 04:58 PM 1/10/02 -0500, you wrote:
> > > >> >Hi,
> > > >> >
> > > >> >Just curious on comment about ASIA. Last few days it =
looked
> > > >> to be breaking
> > > >> >out of a nice chart formation. Alas, it seems to be
> > > breaking down or
> > > >> >allowing for another re-entry point. Any thoughts?
> > > >> >
> > > >> >Is this stock considered Canslim "worthy" even though it =
has
> > > >> seen higher
> > > >> >days (ie. not breaking to new highs)?
> > > >> >
> > > >> >Thanks,
> > > >> >Erik
> > > >> >PS. Forgive me if this has been the topic of recent
> > > >> discussion. I just moved
> > > >> >and missed the last week of my Canslim Group emails.
> > > >> >
> > > >> >----- Original Message -----
> > > >> >From: "Mike Hofmann" <sfmcanslim@hotmail.com>
> > > >> >To: <canslim@lists.xmission.com>
> > > >> >Sent: Thursday, January 10, 2002 1:08 PM
> > > >> >Subject: Re: AW: [CANSLIM] DFXI
> > > >> >
> > > >> >
> > > >> >> ... and still more than you really wanted to know about =
"kudos":
> > > >> >>
> > > >> >> From a really cool site called "Take Our Word For It"
> > > >> >> (http://www.takeourword.com/):
> > > >> >>
> > > >> >> "Kudos is simply Greek for "praise". It is thought to
> > > have entered
> > > >> >English
> > > >> >> as university slang. By 1799 we have a back-formed verb
> > > kudize "to
> > > >> >praise",
> > > >> >> so kudos itself was probably in use prior to that, =
though
> > > >> the first known
> > > >> >> recorded use of kudos comes from 1831. Thereafter we =
find
> > > >> it used by the
> > > >> >> likes of Disraeli and Darwin. Darwin wrote, in one of =
his
> > > >> letters: "Lyell
> > > >> >> has read about half of the volume in clean sheets, and =
gives
> > > >> me very great
> > > >> >> kudos."
> > > >> >>
> > > >> >> Pronunciation in Britain is "cue-doss" while in America =
it
> > > >> is "koo-doze".
> > > >> >> As with many Greek words, -os indicates a singular noun.
> > > Many people
> > > >> >assume
> > > >> >> kudos is the plural form, with the singular being a
> > > kudo. They are
> > > >> >wrong.
> > > >> >> Just wrong.
> > > >> >>
> > > >> >> There was once a computer operating system called QDOS. =
Was
> > > >> it named by a
> > > >> >> Brit, so that it sounded like kudos, or is that simply a
> > > >> coincidence?"
> > > >> >>
> > > >> >> ... and there you have it.
> > > >> >>
> > > >> >>
> > > >> >> ----- Original Message -----
> > > >> >> From: "Warren Keuffel" <wkeuffel@xmission.com>
> > > >> >> To: <canslim@lists.xmission.com>
> > > >> >> Sent: Wednesday, January 09, 2002 8:23 PM
> > > >> >> Subject: Re: AW: [CANSLIM] DFXI
> > > >> >>
> > > >> >>
> > > >> >> > Jumping in here for Mike -- "Kudos" basically means
> > > >> "Congratulations".
> > > >> >> > However <ahem> I was curious about the etymology of =
the word so
> > > >> >> > consulted my American Heritage dictionary which =
defines it
> > > >> as "Acclaim
> > > >> >> > or prestige as a result of achievement or position." =
But
> > > >> no guidance on
> > > >> >> > etymology, darn it. More than you wanted to know, =
right? <g>
> > > >> >> >
> > > >> >> > Warren
> > > >> >> >
> > > >> >> > Andreas Himmelreich wrote:
> > > >> >> >
> > > >> >> > >Sorry to ask Mike, what means Kudos?
> > > >> >> > >
> > > >> >> > >
> > > >> >> > >>-----Ursprungliche Nachricht-----
> > > >> >> > >>Von: Mike Gibbons [SMTP:webmaster@cwhcharts.com]
> > > >> >> > >>Gesendet am: Wednesday, January 09, 2002 7:08 PM
> > > >> >> > >>An: canslim@lists.xmission.com
> > > >> >> > >>Betreff: RE: [CANSLIM] DFXI
> > > >> >> > >>
> > > >> >> > >>Kudos to you, you should be feeling pleased this =
morning
> > > >> and justly
> > > >> >so.
> > > >> >> > >>
> > > >> >> > >>Aloha,
> > > >> >> > >>
> > > >> >> > >>Mike Gibbons
> > > >> >> > >>
> > > >> >> > >>
> > > >> >> > >>
> > > >> >> > >>-----Original Message-----
> > > >> >> > >>From: owner-canslim@lists.xmission.com
> > > >> >> > >>[mailto:owner-canslim@lists.xmission.com]On Behalf =
Of Dave
> > > >> >> > >>Sent: Wednesday, January 09, 2002 5:29 AM
> > > >> >> > >>To: canslim@lists.xmission.com
> > > >> >> > >>Subject: RE: [CANSLIM] DFXI
> > > >> >> > >>
> > > >> >> > >>
> > > >> >> > >>True, the handle was a bit sloppy but for the most =
part
> > > >> volume in the
> > > >> >> > >>handle was below normal. It also made a pretty nice =
ascending
> > > >> >triangle.
> > > >> >> > >>
> > > >> >> > >>As for the action at the end of the day, I think =
you're
> > > >> reading too
> > > >> >much
> > > >> >> > >>into it. The stock made a tremendous surge on volume =
in
> > > >> the last half
> > > >> >> hour
> > > >> >> > >>of trading. It then pulled back on lower volume but
> > > >> didn't undercut
> > > >> >that
> > > >> >> > >>"intraday breakout point". It then found some new =
buyers
> > > >> at the very
> > > >> >end
> > > >> >> > >>of the session.
> > > >> >> > >>
> > > >> >> > >>You can find flaws in any chart formation. I've
> > > missed many huge
> > > >> >winners
> > > >> >> > >>by refusing to buy what I perceived as a flawed =
handle,
> > > >> or by putting
> > > >> >> too
> > > >> >> > >>much weight on intraday analysis. Even IBD will go =
on to
> > > >> call "perfect
> > > >> >> > >>cup-handle breakouts" on stocks that have somewhat
> > > questionable
> > > >> >> > >>formations. I won't be surprised to see DFXI =
mentioned
> > > >> tomorrow as a
> > > >> >> good
> > > >> >> > >>example.
> > > >> >> > >>
> > > >> >> > >>Of course hindsight is 20/20. Nevertheless I'm glad =
I
> > > >> bought yesterday
> > > >> >> :)
> > > >> >> > >>
> > > >> >> > >>
> > > >> >> > >>>>Yes it did but fell back below it's high of the =
day. Also,
> > > >> >> > >>>>
> > > >> >> > >>>action in the
> > > >> >> > >>>
> > > >> >> > >>>>handle has been sloppy - one normally hopes to see =
price
> > > >> >> > >>>>
> > > >> >> > >>>pullback on falling
> > > >> >> > >>>
> > > >> >> > >>>>volume but in fact it's made a couple of attempts =
to BO on
> > > >> >> > >>>>
> > > >> >> > >>>above average
> > > >> >> > >>>
> > > >> >> > >>>>volume since forming the pivot on 12/10. I =
wouldn't
> > > >> rush in with an
> > > >> >> > >>>>overnight order!
> > > >> >> > >>>>
> > > >> >> > >>>>Mike Gibbons
> > > >> >> > >>>>
> > > >> >> > >>
> > > >> >> > >>-
> > > >> >> > >>-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.
> > > >> >> >
> > > >> >>
> > > >> >> -
> > > >> >> -To subscribe/unsubscribe, email =
"majordomo@xmission.com"
> > > >> >> -In the email body, write "subscribe canslim" or
> > > >> >> -"unsubscribe canslim". Do not use quotes in your =
email.
> > > >> >
> > > >> >
> > > >> >_________________________________________________________
> > > >> >Do You Yahoo!?
> > > >> >Get your free @yahoo.com address at http://mail.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.
> > > >
> > > >
> > >
> > >
> > > -
> > > -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.
>=20
>=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.
>=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_0075_01C19ABA.CB0B6240
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4611.1300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Patrick,</DIV>
<DIV> </DIV>
<DIV>That's just about the coolest thing I've seen on the net in ages! =
(OK, so=20
I'm not very adventurous.) Thanks and here's the new link to the=20
chart:</DIV>
<DIV> </DIV>
<DIV><A=20
href=3D"http://makeashorterlink.com/?R22F6694">http://makeashorterlink.co=
m/?R22F6694</A></DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dpjwahl@attbi.com href=3D"mailto:pjwahl@attbi.com">Patrick =
Wahl</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, January 11, 2002 =
4:15=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
ASIA?</DIV>
<DIV><BR></DIV>Wow, that's some link. Here is a suggestion on =
long=20
links, I've only used it once, <BR>but it seemed to work.<BR><BR><A=20
=
href=3D"http://www.makeashorterlink.com/index.php">http://www.makeashorte=
rlink.com/index.php</A><BR><BR>Thanks=20
for the chart. I'll stick with my interpretation, but I'll add =
that the=20
handle <BR>seems a little loose, not ideal. I would say the =
breakout=20
fails around 19, a 7 to 8% <BR>drop in price from the breakout. =
I think=20
the pivot point was close to 20.25 or so, I <BR>tend to discount those =
intraday spikes, if they occur, and use the close, so that <BR>would =
not take=20
the Dec. 4 (or whichever date it was) high into account, just the=20
<BR>close. Not sure this is a legitimate approach, just a =
personal quirk=20
maybe. Anyway, <BR>I think that anyone in this stock should =
stick with=20
it a bit longer.<BR><BR>On 11 Jan 2002 at 15:14, Katherine Malm=20
wrote:<BR><BR>> Just an experiment, but here's a marked =
chart:<BR>>=20
<BR>> <A=20
=
href=3D"http://photos.yahoo.com/bc/katherinemalm/vwp?.dir=3D/CANSLIM&=
.dnm=3DASIA+011102.jpg&.src=3Dph&.done=3Dhttp%3a//photos.yahoo.co=
m/bc/katherinemalm/vwp%3f.dir=3D/CANSLIM%26.dnm=3DUp%2bDn%2bRatio%2bArtic=
le%2b123101.jpg%26.src=3Dph">http://photos.yahoo.com/bc/katherinemalm/vwp=
?.dir=3D/CANSLIM&.dnm=3DASIA+011102.jpg&.src=3Dph&.done=3Dhtt=
p%3a//photos.yahoo.com/bc/katherinemalm/vwp%3f.dir=3D/CANSLIM%26.dnm=3DUp=
%2bDn%2bRatio%2bArticle%2b123101.jpg%26.src=3Dph</A><BR>>=20
<BR>> Katherine<BR>> ----- Original Message -----=20
<BR>> From: Patrick Wahl <BR>> To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
<BR>> Sent: Friday, January 11, 2002 2:52=20
PM<BR>> Subject: RE: [CANSLIM] ASIA?<BR>> <BR>>=20
<BR>> I think we went around about this subject a few =
months=20
ago, but I would put a <BR>> different interpretation =
on the=20
chart. I think the 12/4 spike marked the end of the =
<BR>> =20
right side of the cup, and the choppy sideways movement from that =
point=20
constitutes <BR>> a handle. So buying on 12/4 was =
not the=20
proper buy point.<BR>> <BR>> The more appropriate =
buy point=20
would be the day in January where price gapped up <BR>> =
to=20
close at about 20.90 or so. To me the formation of a handle part =
way up=20
a cup <BR>> doesn't make sense. Handles form at =
logical=20
sell points, and the logical sell point is <BR>> the =
resistance=20
formed at the old high - the left side of the cup around end of June,=20
<BR>> first of July. Without a sort of definite =
point=20
like an old high, any consolidation point <BR>> along =
the way=20
up the right side of the cup can be called a handle.<BR>>=20
<BR>> Just my interpretation, I think during the =
discussion of=20
this point a few months ago I <BR>> was in a decided =
minority=20
(one, maybe). <BR>> <BR>> On 10 Jan 2002 at =
23:30,=20
Dave wrote:<BR>> <BR>> > In hindsight if I had =
been=20
watching ASIA on 12/4 I probably would have<BR>> > =
bought.=20
If you consider 11/27 to be the start of a short handle, the=20
pivot<BR>> > would be 17.33 and the stock could have =
been=20
bought up to 18.20. In this<BR>> > case, you would =
still be=20
in the stock.<BR>> > <BR>> > As =
for now,=20
it's definitely a gamble. Personally I like the =
month-long<BR>> =20
> consolidation and the near record volume over the past few days, =
and=20
think<BR>> > that if the Nasdaq resumes its rally, =
there's a=20
good chance ASIA will go<BR>> > along for the=20
ride.<BR>> > <BR>> > =
<BR>> =20
> > -----Original Message-----<BR>> > > =
From: <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>> =20
> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20
esetser<BR>> > > Sent: Thursday, January 10, 2002 =
11:51=20
PM<BR>> > > To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>> =20
> > Subject: RE: [CANSLIM] ASIA?<BR>> >=20
><BR>> > ><BR>> > > So =
you only=20
consider cup with handles as true breakouts? I =
buy<BR>> =20
> > cups, cup<BR>> > > with handles, double =
bottoms, and flat bases, maybe others.<BR>> >=20
><BR>> > > At 10:44 PM 1/10/02 -0500, you=20
wrote:<BR>> > > >I'm biased, but I prefer to =
see it as=20
a high handle beginning<BR>> > > on 12/6.=20
The<BR>> > > >volume that day was not so =
great, and=20
there was no true<BR>> > > handle, so I=20
don't<BR>> > > >consider it a true=20
breakout.<BR>> > > ><BR>> > =
>=20
>The handle beginning after that failure is nice and long=20
and<BR>> > > volume dried<BR>> =
> >=20
>up nicely towards the end. The volume on 1/6-1/7 was very=20
high.<BR>> > > ><BR>> > > =
>Only time will tell the true story...<BR>> > =
>=20
><BR>> > > >> -----Original=20
Message-----<BR>> > > >> From: <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>> =20
> > >> [mailto:owner-canslim@lists.xmission.com]On Behalf =
Of=20
esetser<BR>> > > >> Sent: Thursday, January =
10,=20
2002 11:25 PM<BR>> > > >> To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>> =20
> > >> Subject: Re: [CANSLIM] ASIA?<BR>> =
> >=20
>><BR>> > > >><BR>> =
> >=20
>> I read this one differently. I see ASIA as a stock with =
a<BR>> > > breakout to a<BR>> > =
>=20
>> new on 12/6. (And as a matter of fact, I bot it that=20
day.)<BR>> > > >> That =
breakout<BR>> =20
> > >> became suspect as the stock corrected and closed =
near=20
its<BR>> > > low during the<BR>> =
> >=20
>> day, and went on to be a failed breakout for anyone=20
buying<BR>> > > in during the<BR>> =
>=20
> >> day. The action since then is short of the 5 weeks =
minimum=20
to<BR>> > > >> define a =
new<BR>> =20
> > >> base, and is confusing in light of the new high it =
set..=20
I'm<BR>> > > >> not sure =
where<BR>> =20
> > >> I would put a pivot on this one. The volume =
was=20
fabulous for 2<BR>> > > >> days,=20
but<BR>> > > >> has remained almost as high =
for the=20
last 2 day pullback, so I<BR>> > > >> would =
be=20
very<BR>> > > >> =
cautious.<BR>> >=20
> >><BR>> > > >> At 04:58 PM =
1/10/02=20
-0500, you wrote:<BR>> > > >>=20
>Hi,<BR>> > > >> =
><BR>> >=20
> >> >Just curious on comment about ASIA. Last few =
days it=20
looked<BR>> > > >> to be=20
breaking<BR>> > > >> >out of a nice =
chart=20
formation. Alas, it seems to be<BR>> > > =
breaking=20
down or<BR>> > > >> >allowing for =
another=20
re-entry point. Any thoughts?<BR>> > > =
>>=20
><BR>> > > >> >Is this stock =
considered=20
Canslim "worthy" even though it has<BR>> > > =
>>=20
seen higher<BR>> > > >> >days (ie. not =
breaking=20
to new highs)?<BR>> > > >> =
><BR>> =20
> > >> >Thanks,<BR>> > > >>=20
>Erik<BR>> > > >> >PS. Forgive me if =
this has=20
been the topic of recent<BR>> > > >> =
discussion. I=20
just moved<BR>> > > >> >and missed the =
last week=20
of my Canslim Group emails.<BR>> > > >>=20
><BR>> > > >> >----- Original Message =
-----<BR>> > > >> >From: "Mike Hofmann" =
<<A=20
=
href=3D"mailto:sfmcanslim@hotmail.com">sfmcanslim@hotmail.com</A>><BR>=
> =20
> > >> >To: <<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>> =20
> > >> >Sent: Thursday, January 10, 2002 1:08=20
PM<BR>> > > >> >Subject: Re: AW: =
[CANSLIM]=20
DFXI<BR>> > > >> ><BR>> =
> >=20
>> ><BR>> > > >> >> ... and =
still=20
more than you really wanted to know about "kudos":<BR>> =
>=20
> >> >><BR>> > > >> >> =
From a=20
really cool site called "Take Our Word For It"<BR>> =
> >=20
>> >> (<A=20
=
href=3D"http://www.takeourword.com/">http://www.takeourword.com/</A>):<BR=
>> =20
> > >> >><BR>> > > >> =
>>=20
"Kudos is simply Greek for "praise". It is thought=20
to<BR>> > > have entered<BR>> > =
>=20
>> >English<BR>> > > >> >> =
as=20
university slang. By 1799 we have a back-formed =
verb<BR>> =20
> > kudize "to<BR>> > > >>=20
>praise",<BR>> > > >> >> so kudos =
itself=20
was probably in use prior to that, though<BR>> > =
>=20
>> the first known<BR>> > > >> =
>>=20
recorded use of kudos comes from 1831. Thereafter we=20
find<BR>> > > >> it used by =
the<BR>> =20
> > >> >> likes of Disraeli and Darwin. Darwin =
wrote,=20
in one of his<BR>> > > >> letters:=20
"Lyell<BR>> > > >> >> has read about =
half of=20
the volume in clean sheets, and gives<BR>> > > =
>>=20
me very great<BR>> > > >> >>=20
kudos."<BR>> > > >> =
>><BR>> =20
> > >> >> Pronunciation in Britain is "cue-doss" =
while in=20
America it<BR>> > > >> is=20
"koo-doze".<BR>> > > >> >> As with =
many Greek=20
words, -os indicates a singular noun.<BR>> > > =
Many=20
people<BR>> > > >> =
>assume<BR>> =20
> > >> >> kudos is the plural form, with the =
singular=20
being a<BR>> > > kudo. They =
are<BR>> =20
> > >> >wrong.<BR>> > > >> =
>>=20
Just wrong.<BR>> > > >>=20
>><BR>> > > >> >> There was =
once a=20
computer operating system called QDOS. Was<BR>> =
> >=20
>> it named by a<BR>> > > >> >> =
Brit,=20
so that it sounded like kudos, or is that simply a<BR>> =
>=20
> >> coincidence?"<BR>> > > >>=20
>><BR>> > > >> >> ... and there =
you=20
have it.<BR>> > > >> =
>><BR>> =20
> > >> >><BR>> > > >> =
>>=20
----- Original Message -----<BR>> > > >> =
>>=20
From: "Warren Keuffel" <<A=20
=
href=3D"mailto:wkeuffel@xmission.com">wkeuffel@xmission.com</A>><BR>&g=
t; =20
> > >> >> To: <<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>> =20
> > >> >> Sent: Wednesday, January 09, 2002 8:23=20
PM<BR>> > > >> >> Subject: Re: AW: =
[CANSLIM]=20
DFXI<BR>> > > >> =
>><BR>> >=20
> >> >><BR>> > > >> >> =
>=20
Jumping in here for Mike -- "Kudos" basically =
means<BR>> >=20
> >> "Congratulations".<BR>> > > =
>>=20
>> > However <ahem> I was curious about the =
etymology of=20
the word so<BR>> > > >> >> > =
consulted my=20
American Heritage dictionary which defines it<BR>> > =
>=20
>> as "Acclaim<BR>> > > >> =
>>=20
> or prestige as a result of achievement or position."=20
But<BR>> > > >> no guidance =
on<BR>> =20
> > >> >> > etymology, darn it. More than =
you=20
wanted to know, right? <g><BR>> > > =
>>=20
>> ><BR>> > > >> >> >=20
Warren<BR>> > > >> >>=20
><BR>> > > >> >> > Andreas =
Himmelreich=20
wrote:<BR>> > > >> >>=20
><BR>> > > >> >> > >Sorry to =
ask=20
Mike, what means Kudos?<BR>> > > >> =
>> >=20
><BR>> > > >> >> >=20
><BR>> > > >> >> >=20
>>-----Ursprungliche Nachricht-----<BR>> > =
>=20
>> >> > >>Von: Mike Gibbons=20
[SMTP:webmaster@cwhcharts.com]<BR>> > > >> =
>>=20
> >>Gesendet am: Wednesday, January 09, 2002 7:08=20
PM<BR>> > > >> >> > >>An: <A =
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>> =20
> > >> >> > >>Betreff: RE: [CANSLIM]=20
DFXI<BR>> > > >> >> >=20
>><BR>> > > >> >> > =
>>Kudos to=20
you, you should be feeling pleased this morning<BR>> =
> >=20
>> and justly<BR>> > > >>=20
>so.<BR>> > > >> >> >=20
>><BR>> > > >> >> >=20
>>Aloha,<BR>> > > >> >> >=20
>><BR>> > > >> >> > =
>>Mike=20
Gibbons<BR>> > > >> >> >=20
>><BR>> > > >> >> >=20
>><BR>> > > >> >> >=20
>><BR>> > > >> >> >=20
>>-----Original Message-----<BR>> > > =
>>=20
>> > >>From: <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>> =20
> > >> >> >=20
>>[mailto:owner-canslim@lists.xmission.com]On Behalf Of=20
Dave<BR>> > > >> >> > =
>>Sent:=20
Wednesday, January 09, 2002 5:29 AM<BR>> > > =
>>=20
>> > >>To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>> =20
> > >> >> > >>Subject: RE: [CANSLIM]=20
DFXI<BR>> > > >> >> >=20
>><BR>> > > >> >> >=20
>><BR>> > > >> >> > =
>>True,=20
the handle was a bit sloppy but for the most part<BR>> =
>=20
> >> volume in the<BR>> > > >> =
>>=20
> >>handle was below normal. It also made a pretty nice=20
ascending<BR>> > > >>=20
>triangle.<BR>> > > >> >> >=20
>><BR>> > > >> >> > =
>>As for=20
the action at the end of the day, I think you're<BR>> =
> >=20
>> reading too<BR>> > > >>=20
>much<BR>> > > >> >> > =
>>into it.=20
The stock made a tremendous surge on volume in<BR>> =
> >=20
>> the last half<BR>> > > >> >> =
hour<BR>> > > >> >> > >>of =
trading.=20
It then pulled back on lower volume but<BR>> > > =
>>=20
didn't undercut<BR>> > > >>=20
>that<BR>> > > >> >> >=20
>>"intraday breakout point". It then found some new=20
buyers<BR>> > > >> at the =
very<BR>> =20
> > >> >end<BR>> > > >> =
>>=20
> >>of the session.<BR>> > > >> =
>>=20
> >><BR>> > > >> >> > =
>>You=20
can find flaws in any chart formation. I've<BR>> > =
>=20
missed many huge<BR>> > > >>=20
>winners<BR>> > > >> >> > =
>>by=20
refusing to buy what I perceived as a flawed =
handle,<BR>> >=20
> >> or by putting<BR>> > > >> =
>>=20
too<BR>> > > >> >> > >>much =
weight=20
on intraday analysis. Even IBD will go on to<BR>> > =
>=20
>> call "perfect<BR>> > > >> >> =
>=20
>>cup-handle breakouts" on stocks that have =
somewhat<BR>> =20
> > questionable<BR>> > > >> >> =
>=20
>>formations. I won't be surprised to see DFXI=20
mentioned<BR>> > > >> tomorrow as=20
a<BR>> > > >> >> =
good<BR>> =20
> > >> >> > >>example.<BR>> =
>=20
> >> >> > >><BR>> > > =
>>=20
>> > >>Of course hindsight is 20/20. Nevertheless I'm =
glad=20
I<BR>> > > >> bought =
yesterday<BR>> =20
> > >> >> :)<BR>> > > >> =
>>=20
> >><BR>> > > >> >> >=20
>><BR>> > > >> >> >=20
>>>>Yes it did but fell back below it's high of the day.=20
Also,<BR>> > > >> >> >=20
>>>><BR>> > > >> >> >=20
>>>action in the<BR>> > > >> =
>> >=20
>>><BR>> > > >> >> >=20
>>>>handle has been sloppy - one normally hopes to see=20
price<BR>> > > >> >> >=20
>>>><BR>> > > >> >> >=20
>>>pullback on falling<BR>> > > >> =
>> > >>><BR>> > > >> =
>>=20
> >>>>volume but in fact it's made a couple of attempts =
to BO=20
on<BR>> > > >> >> >=20
>>>><BR>> > > >> >> >=20
>>>above average<BR>> > > >> =
>> >=20
>>><BR>> > > >> >> >=20
>>>>volume since forming the pivot on 12/10. I=20
wouldn't<BR>> > > >> rush in with=20
an<BR>> > > >> >> >=20
>>>>overnight order!<BR>> > > =
>>=20
>> > >>>><BR>> > > >> =
>>=20
> >>>>Mike Gibbons<BR>> > > =
>>=20
>> > >>>><BR>> > > >> =
>>=20
> >><BR>> > > >> >> >=20
>>-<BR>> > > >> >> > =
>>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>=
; =20
> > >> >> > >>-In the email body, write =
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canslim" or<BR>> > > >> >> >=20
>>-"unsubscribe canslim". Do not use quotes in your=20
email.<BR>> > > >> >> >=20
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>><BR>> > > >> >> >=20
>>-<BR>> > > >> >> > =
>>-To=20
subscribe/unsubscribe, email "<A=20
=
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