ftp.xmission.com

home *** CD-ROM | disk | FTP | other *** search

/ ftp.xmission.com / 2014.06.ftp.xmission.com.tar / ftp.xmission.com / pub / lists / canslim / archive / v02.n3058 < prev next >

Wrap

Internet Message Format | 2002-11-25 | 64KB

From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3058 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 Tuesday, November 26 2002 Volume 02 : Number 3058 In this issue: RE: [CANSLIM] SHORT SQUEEZE ??? Re: [CANSLIM] SHORT SQUEEZE ??? RE: [CANSLIM] SHORT SQUEEZE ??? Re: [CANSLIM] SHORT SQUEEZE ??? [CANSLIM] Charts - Need Some Proof Readers [CANSLIM] Avatar Re: [CANSLIM] SHORT SQUEEZE ??? Re: [CANSLIM] M Re: [CANSLIM] Volume and CWH (was M) ---------------------------------------------------------------------- Date: Mon, 25 Nov 2002 14:34:09 -0500 From: "Mark Kerson" <mkerson@dplus.net> Subject: RE: [CANSLIM] SHORT SQUEEZE ??? This is a multi-part message in MIME format. - ------=_NextPart_000_0027_01C2948F.B706B720 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Thank you. - -----Original Message----- short squeeze 1. The pressure on short sellers to cover their positions as a result of sharp price increases or difficulty in borrowing the security the sellers are short. The rush to cover produces additional upward pressure on the price of the stock, which then causes an even greater squeeze. Also called squeezing the shorts - ----- Original Message ----- From: Mark Kerson <mailto:mkerson@dplus.net> To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com> Sent: Monday, November 25, 2002 11:30 AM Subject: RE: [CANSLIM] SHORT SQUEEZE ??? Hi, are you willing to describe what this is likely to mean for NWRE? Does 31% of the float being sold short mean that the price is likely to drop as they cover? Thanks, Mark - -----Original Message----- From: owner-canslim@lists.xmission.com <mailto:owner-canslim@lists.xmission.com> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston Little Sent: Monday, November 25, 2002 12:19 PM To: canslim@lists.xmission.com Subject: [CANSLIM] SHORT SQUEEZE ??? A possible short squeeze on Web Link item???? 10:14AM Neoware Systems squeeze possibly triggered by IBD mention ( NWRE <http://finance.yahoo.com/q?s=nwre&d=t> ) 20.05 +2.30: -- Update -- Advance in stock said to be triggered by Investors Business Daily mention that stock has "moved closer to its pivot point of $18." ..... the technical breakout above its $19.50 one-yr high set Aug 29, which has triggered major short-covering in the stock. Almost 31% of co's small 13 mln share float has been sold short. - ------=_NextPart_000_0027_01C2948F.B706B720 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <html xmlns:v=3D"urn:schemas-microsoft-com:vml" = xmlns:o=3D"urn:schemas-microsoft-com:office:office" = xmlns:w=3D"urn:schemas-microsoft-com:office:word" = xmlns=3D"http://www.w3.org/TR/REC-html40"> <head> <meta http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <meta name=3DProgId content=3DWord.Document> <meta name=3DGenerator content=3D"Microsoft Word 9"> <meta name=3DOriginator content=3D"Microsoft Word 9"> <link rel=3DFile-List href=3D"cid:filelist.xml@01C2948F.B61419C0">  <style>  </style>  </head> <body bgcolor=3Dwhite lang=3DEN-US link=3Dblue vlink=3Dblue = style=3D'tab-interval:.5in'> <div class=3DSection1> Thank you. <o:p></o:p> <o:p></o:p>= <= span class=3DEmailStyle25><![if = !supportEmptyParas]> <![endif]><o:p></o:p> -----Original Message----- short squeeze <o:p></o:p><= /p> <ol start=3D1 type=3D1> <li class=3DMsoNormal = style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; mso-list:l0 level1 lfo1;tab-stops:list .5in'><![if = !supportEmptyParas]> <![endif]><o:p></o:p><= /li> </ol> The pressure on short sellers to = cover their positions as a result of sharp price increases or difficulty in = borrowing the security the sellers are short. The rush to cover produces = additional upward pressure on the price of the stock, which then causes an even = greater squeeze. Also called squeezing the = shorts<o:p></o:p><= /p> <div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in = 0in 4.0pt'> ----- Original Message ----- <o:p></o:p> <p class=3DMsoNormal = style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; margin-left:3.75pt;background:#E4E4E4;border:none;mso-border-left-alt:sol= id black 1.5pt; padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'> <div style=3D'font-color:black'>From: <a href=3D"mailto:mkerson@dplus.net" title=3D"mkerson@dplus.net">Mark = Kerson</a> </div> <o:p></o:p>= To: <a href=3D"mailto:canslim@lists.xmission.com" = title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a> <o:p></o:p></span= > Sent: Monday, = November 25, 2002 11:30 AM<o:p></o:p> Subject: RE: [CANSLIM] SHORT SQUEEZE ???<o:p></o:p> <![if = !supportEmptyParas]> <![endif]><o:p></o:p><= /p> Hi, are you willing = to describe what this is likely to mean for NWRE? Does 31% of the float being sold short mean that the = price is likely to drop as they cover? <o:p></o:p> <o:p></o:p></s= pan> Thanks, = Mark<o:p></o:p> <o:p></o:p></s= pan> <o:p></o:p><= /p> <= span class=3DEmailStyle21> <o:p></o:p> -----Original Message----- From: <a href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis= sion.com</a> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston Little Sent: Monday, November = 25, 2002 12:19 PM To: = canslim@lists.xmission.com Subject: [CANSLIM] SHORT = SQUEEZE ???<o:p></o:p><= /p> <o:p></o:p><= /p> A possible short squeeze on Web Link = item????<o:p></o:p> 10:14AM Neoware Systems squeeze possibly triggered by IBD mention = (<a name=3Dnwre></a><a = href=3D"http://finance.yahoo.com/q?s=3Dnwre&d=3Dt">NWRE</a>) 20.05 +2.30: -- Update -- = Advance in stock said to be triggered by Investors Business Daily mention that = stock has "moved closer to its pivot point of $18." ..... the = technical breakout above its $19.50 one-yr high set Aug 29, which has triggered = major short-covering in the stock. Almost 31% of co's small 13 mln share float has been sold = short.<o:p></o:p> </div> </div> </body> </html> - ------=_NextPart_000_0027_01C2948F.B706B720-- - - - -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: Mon, 25 Nov 2002 15:15:49 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] SHORT SQUEEZE ??? Mark: When they cover that means they buy back the stock. When there is a lot of demand for the stock (and many investing dollars want the stock immediately), the stock price will rise. So, to answer your question, the stock price will rise as they cover. jans In a message dated 11/25/2002 12:33:29 PM Eastern Standard Time, mkerson@dplus.net writes: << Hi, are you willing to describe what this is likely to mean for NWRE? Does 31% of the float being sold short mean that the price is likely to drop as they cover? Thanks, Mark >> - - - -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: Mon, 25 Nov 2002 16:05:20 -0500 From: "Mark Kerson" <mkerson@dplus.net> Subject: RE: [CANSLIM] SHORT SQUEEZE ??? That is very helpful. Thank you. Mark - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Spencer48@aol.com Sent: Monday, November 25, 2002 3:16 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] SHORT SQUEEZE ??? Mark: When they cover that means they buy back the stock. When there is a lot of demand for the stock (and many investing dollars want the stock immediately), the stock price will rise. So, to answer your question, the stock price will rise as they cover. jans In a message dated 11/25/2002 12:33:29 PM Eastern Standard Time, mkerson@dplus.net writes: << Hi, are you willing to describe what this is likely to mean for NWRE? Does 31% of the float being sold short mean that the price is likely to drop as they cover? Thanks, Mark >> - - - -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: Mon, 25 Nov 2002 16:13:48 -0500 From: "Winston Little" <wlittle1@peoplepc.com> Subject: Re: [CANSLIM] SHORT SQUEEZE ??? Many times after "the squeezing" is over, the price will fall like a bad soufflΘ. - ----- Original Message ----- From: "Mark Kerson" <mkerson@dplus.net> To: <canslim@lists.xmission.com> Sent: Monday, November 25, 2002 4:05 PM Subject: RE: [CANSLIM] SHORT SQUEEZE ??? > That is very helpful. Thank you. Mark > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Spencer48@aol.com > Sent: Monday, November 25, 2002 3:16 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] SHORT SQUEEZE ??? > > Mark: > > When they cover that means they buy back the stock. When there is a > lot > of demand for the stock (and many investing dollars want the stock > immediately), the stock price will rise. > > So, to answer your question, the stock price will rise as they cover. > > jans > > > In a message dated 11/25/2002 12:33:29 PM Eastern Standard Time, > mkerson@dplus.net writes: > > << Hi, are you willing to describe what this is likely to mean for NWRE? > Does 31% of the float being > sold short mean that the price is likely to drop as they cover? > > Thanks, Mark >> > > - > -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: Mon, 25 Nov 2002 16:37:27 -0600 From: Gene Ricci <genr@swbell.net> Subject: [CANSLIM] Charts - Need Some Proof Readers This is a multi-part message in MIME format. - ------=_NextPart_000_011D_01C294A0.F0E653E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Need some help with critiquing / proof reading a chart primer that we = completed a week or so ago. It focuses on support/resistance; trend = lines and moving averages.=20 If any of you have some free time and would like to help, send me your = email address (offline) to genr@swbell.net and I will send it to you = (offline) for your critique. It's available in PowerPoint or Adobe.=20 **** This is not a commercial effort, it will be given to folks trying = to learn how to better read charts **** Gene - ------=_NextPart_000_011D_01C294A0.F0E653E0 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 5.50.4916.2300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Need some help with critiquing / proof = reading=20 a chart primer that we completed a week or so ago. It = focuses on=20 support/resistance; trend lines and moving averages. </DIV> <DIV> </DIV> <DIV>If any of you have some free time and = would like=20 to help, send me your email address (offline) to <A=20 href=3D"mailto:genr@swbell.net">genr@swbell.net</A> and I will send = it to you=20 (offline) for your critique. It's available in PowerPoint or=20 Adobe. </DIV> <DIV> </DIV> <DIV>**** This is not a commercial effort, = it will be=20 given to folks trying to learn how to better read charts = ****</DIV> <DIV> </DIV> <DIV>Gene</DIV> <DIV> </DIV> <DIV> </DIV> <DIV> </DIV> <DIV> </DIV> <DIV> </DIV></BODY></HTML> - ------=_NextPart_000_011D_01C294A0.F0E653E0-- - - - -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: Mon, 25 Nov 2002 16:03:34 -0600 From: David McCord <mccordd@swbell.net> Subject: [CANSLIM] Avatar This is a multi-part message in MIME format. - ------=_NextPart_000_00CA_01C2949C.37E886F0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit We raised our equity allocation to 50% today in Datalynx and Skandia- Kevin this probably doesn't make sense for Polaris people since we see this as a likely short-term holding. - ------=_NextPart_000_00CA_01C2949C.37E886F0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//EN"> <HTML> <HEAD> <META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; = charset=3Dus-ascii"> <META NAME=3D"Generator" CONTENT=3D"MS Exchange Server version = 6.0.4630.0"> <TITLE>Avatar</TITLE> </HEAD> <BODY>  We = raised our equity allocation to 50% today in Datalynx and = Skandia— Kevin = this probably doesn’t make sense for Polaris people since we see this as a = likely short-term holding… </BODY> </HTML> - ------=_NextPart_000_00CA_01C2949C.37E886F0-- - - - -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: Mon, 25 Nov 2002 20:48:24 -0500 From: "Tom Worley" <stkguru@bellsouth.net> Subject: Re: [CANSLIM] SHORT SQUEEZE ??? This is a multi-part message in MIME format. - ------=_NextPart_000_0043_01C294C3.FF57E880 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable my VR Fund is smiling, up 94% now on this sweet one. - ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Monday, November 25, 2002 12:19 PM Subject: [CANSLIM] SHORT SQUEEZE ??? A possible short squeeze on Web Link item???? 10:14AM Neoware Systems squeeze possibly triggered by IBD mention (NWRE) = 20.05 +2.30: -- Update -- Advance in stock said to be triggered by = Investors Business Daily mention that stock has "moved closer to its = pivot point of $18." ..... the technical breakout above its $19.50 = one-yr high set Aug 29, which has triggered major short-covering in the = stock. Almost 31% of co's small 13 mln share float has been sold short. - ------=_NextPart_000_0043_01C294C3.FF57E880 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 6.00.2800.1126" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>my VR Fund is smiling, up 94% now on this sweet=20 one.</DIV> <DIV> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black">From: <A=20 title=3Dwlittle1@peoplepc.com = href=3D"mailto:wlittle1@peoplepc.com">Winston=20 Little</A> </DIV> <DIV>To: <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV>Sent: Monday, November 25, 2002 12:19 PM</DIV> <DIV>Subject: [CANSLIM] SHORT SQUEEZE ???</DIV></DIV> <DIV> </DIV> <DIV> A possible short squeeze on Web Link item???? 10:14AM Neoware Systems squeeze possibly triggered by IBD mention = (<A=20 href=3D"http://finance.yahoo.com/q?s=3Dnwre&d=3Dt" = name=3Dnwre>NWRE</A>) 20.05=20 +2.30: -- Update -- Advance in stock said to be triggered by Investors = Business=20 Daily mention that stock has "moved closer to its pivot point of=20 $18." ..... the technical breakout above its $19.50 one-yr high set = Aug 29,=20 which has triggered major short-covering in the stock. Almost 31% of = co's small=20 13 mln share float has been sold short.</DIV></BODY></HTML> - ------=_NextPart_000_0043_01C294C3.FF57E880-- - - - -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: Mon, 25 Nov 2002 22:57:04 EST From: AJAskey@aol.com Subject: Re: [CANSLIM] M - --part1_127.1b6f2f9e.2b144b10_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom, Yeah, I noticed that a week or so ago. I've been fully invested since the recent bottom in ETFs myself. I got shaken out last week and am trying to find something that is not extended to back get into. I got some PECS today and am watching a few more. I think it is the right move but I don't know any retail traders who expect this to be more than a quick trade. The internals look to me like real buying at this level but no one will believe me :) I see you look for stocks in the cup to buy. You may find these data sets that I compile useful: <A HREF="http://groups.msn.com/InvestmentDataAnalysis/Documents/industry.xls">Industries</A>, <A HREF="http://groups.msn.com/InvestmentDataAnalysis/Documents/ind_cmp.xls">Companies within Industries</A>, and <A HREF="http://groups.msn.com/InvestmentDataAnalysis/Documents/MoneyFlow.xls"> MoneyFlow</A>. These files provide industry strength, the companies within the industries ranked by price strength, and my version on when the money is flowing. There is a description file at the site or I will explain anything that is not obvious. Andy In a message dated 11/25/2002 7:36:03 AM Central Standard Time, stkguru@bellsouth.net writes: > Andy, some of us are voting with real money. And I would have to rate myself > bullish (don't know about the go-go, tho) as I am not only fully invested > but on margin, and looking to buy one more stock which will take me to max > margin. - --part1_127.1b6f2f9e.2b144b10_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit <HTML>Tom, Yeah, I noticed that a week or so ago. I've been fully invested since the recent bottom in ETFs myself. I got shaken out last week and am trying to find something that is not extended to back get into. I got some PECS today and am watching a few more. I think it is the right move but I don't know any retail traders who expect this to be more than a quick trade. The internals look to me like real buying at this level but no one will believe me :) I see you look for stocks in the cup to buy. You may find these data sets that I compile useful: <A HREF="http://groups.msn.com/InvestmentDataAnalysis/Documents/industry.xls">Industries</A>, <A HREF="http://groups.msn.com/InvestmentDataAnalysis/Documents/ind_cmp.xls">Companies within Industries</A>, and <A HREF="http://groups.msn.com/InvestmentDataAnalysis/Documents/MoneyFlow.xls">MoneyFlow</A>. These files provide industry strength, the companies within the industries ranked by price strength, and my version on when the money is flowing. There is a description file at the site or I will explain anything that is not obvious. Andy In a message dated 11/25/2002 7:36:03 AM Central Standard Time, stkguru@bellsouth.net writes: <BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Andy, some of us are voting with real money. And I would have to rate myself bullish (don't know about the go-go, tho) as I am not only fully invested but on margin, and looking to buy one more stock which will take me to max margin.</BLOCKQUOTE> </HTML> - --part1_127.1b6f2f9e.2b144b10_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: Tue, 26 Nov 2002 08:46:22 -0600 From: "Katherine Malm" <kmalm@earthlink.net> Subject: Re: [CANSLIM] Volume and CWH (was M) This is a multi-part message in MIME format. - ------=_NextPart_000_0017_01C29528.4C2615B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Curt, I'm of a mind that simple is better when it comes to reading charts, and = as with most things it just takes practice to become proficient, just as = you suggested. I still "practice" every day. One of the things I like so = much about the CANSLIM list is that people will often bring up stocks = that I personally have glossed over, but I use their mention of a stock = to practice reading the chart more closely. As chart reading is such a = visual process, I think anything that helps interpret the price/volume = action is helpful. I'm fairly purist, and stick to the simplest of = indicators, but I find that the pattern of the Up/Down volume helps = summarize the recent action. As this is a simple ratio of volume on up = days to volume on down days over the last 50 days, it's not a perfect = indicator, but it helps "see" the P/V action a little differently. I've used the IWM ETF as a proxy for the Russell 2000 so that you can = see what I mean. See it at: http://Wallstreet-LLC.com/canslim/IWM112202.JPG Another tool I use extensively and that I like very much is Bill Lee's = Excel spreadsheet. It's designed to help you read the market, but can = also be used to "read" any individual stock. Each accumulation and = distribution day is marked with a color and is *very* easy to see = patterns of accumulation and distribution (yellow/orange/red for = distribution, green for accumulation). See the last year of the NASDAQ = and you can see what I mean....plenty of red most of the year, but = plenty of green while the Naz built the right side of the cup. See a = sample at: http://Wallstreet-LLC.com/canslim/NASDAQ112202.JPG. Bill's product is a = moderately priced shareware program and I have no business affiliation = with him....just a happy customer. Read more about his tool at = http://www.market-tester.com Katherine - ----- Original Message -----=20 From: Curt Corley=20 To: canslim@lists.xmission.com=20 Sent: Friday, November 22, 2002 8:30 PM Subject: [CANSLIM] Volume and CWH (was M) Katherine, =20 Thanks for your input. Your help is invaluable. I looked at the = indices in TC2000 with MoneyStream and Time Segmented Volume. I looked = at the NASDAQ, S&P-500, and Russell 2000. Here's what I found on all 3 = charts. =20 CMS: MoneyStream stayed above it's linear regression line on the left side of = the cup, on the right side of the cup, and during the BO. However, it = stayed below the linear regression line along the bottom of the cup and = during the handle formation. =20 TSV: TSV stayed mainly above the center line during the left-side of the cup. = Toward the bottom of the cup, TSV plunged way below the zero line. On = the right side of the cup, TSV shot high above the center line again. = During the handle formation and the BO, TSV dipped down and back up = again. =20 I guess this is supposed to tell me that volume supported the price = action because there were no divergences. Since you mentioned = Accumulation/Distribution, I probably should have looked at On Balance = Volume and/or Balance of Power. However, I haven't had much success = with those indicators in the past. =20 I'm trying to become more proficient at chart reading, and you're = certainly helping a great deal along with other members of this list. = Once again, thank you very much. =20 Cheers, Curt =20 =20 - -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Thursday, November 21, 2002 10:58 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] M =20 Hi Curt, =20 I don't think when you're looking at patterns on major indexes such as = the NASDAQ that the pattern of volume would be used in the same way that = it is on an individual stock. My take on it is simply that an index = represents a huge number of individual stocks, and while the general = price pattern will indicate a reversal of a trend or a general shift in = psychology and pattern of buying and selling in the market, the volume = doesn't really tell you the same story as it does in an individual = stock. In other words, I think that it's more important to look for a = pattern of accumulation outpacing distribution (up days on higher volume = than the previous day vs. down days on higher volume), than it is to = look for the "bathtub" volume pattern that one would use on an = individual stock. =20 Katherine ----- Original Message -----=20 From: Curt Corley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, November 21, 2002 6:27 PM Subject: RE: [CANSLIM] M =20 I'm glad you mentioned the General Markets & Sectors commentary in = today's IBD. I looked at the charts, and they did not appear to have = rising volume on the sides of the cups. As a matter of fact, the = heaviest volume days were at the very bottom of the cup. I don't think = the indices have shown great cwh characteristics. However, I'm a novice = at this stuff, so I would appreciate any criticism or validation of my = view. =20 =20 Curt =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short Sent: Thursday, November 21, 2002 3:11 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] M =20 Speaking of handles- what are peoples' thoughts on WON's comment from = this morning about the NASDAQ forming a cup and handle? Volume in the = handle seems a bit "imperfect" but I don't want to be the one to rain on = the parade! - -------------------------------------------------------------------------= - --- - ------=_NextPart_000_0017_01C29528.4C2615B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML xmlns=3D"http://www.w3.org/TR/REC-html40" xmlns:v =3D=20 "urn:schemas-microsoft-com:vml" xmlns:o =3D=20 "urn:schemas-microsoft-com:office:office" xmlns:w =3D=20 "urn:schemas-microsoft-com:office:word" xmlns:st1 =3D=20 "urn:schemas-microsoft-com:office:smarttags"><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3DWord.Document name=3DProgId> <META content=3D"MSHTML 6.00.2800.1126" name=3DGENERATOR> <META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20 href=3D"cid:filelist.xml@01C29266.0F2FB720" rel=3DFile-List><LINK=20 href=3D"cid:editdata.mso@01C29266.0F2FB720" rel=3DEdit-Time-Data><o:SmartTagType name=3D"time"=20 namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT= ype><o:SmartTagType=20 name=3D"date"=20 namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT= ype> <STYLE>  </STYLE> </HEAD> <BODY lang=3DEN-US style=3D"tab-interval: .5in" vLink=3Dblue link=3Dblue = bgColor=3Dwhite> <DIV>Hi Curt,</DIV> <DIV> </DIV> <DIV>I'm of a mind that simple is better when it comes to reading = charts, and as=20 with most things it just takes practice to become proficient, just as = you=20 suggested. I still "practice" every day. One of the things I like so = much about=20 the CANSLIM list is that people will often bring up stocks that I = personally=20 have glossed over, but I use their mention of a stock to practice = reading the=20 chart more closely. As chart reading is such a visual process, I think = anything=20 that helps interpret the price/volume action is helpful. I'm fairly = purist, and=20 stick to the simplest of indicators, but I find that the pattern of the = Up/Down=20 volume helps summarize the recent action. As this is a simple ratio of = volume on=20 up days to volume on down days over the last 50 days, it's not a perfect = indicator, but it helps "see" the P/V action a little differently.</DIV> <DIV> </DIV> <DIV>I've used the IWM ETF as a proxy for the Russell 2000 so that you = can see=20 what I mean. See it at:</DIV> <DIV><A=20 href=3D"http://Wallstreet-LLC.com/canslim/IWM112202.JPG">http://Wallstree= t-LLC.com/canslim/IWM112202.JPG</A></DIV> <DIV> </DIV> <DIV>Another tool I use extensively and that I like very much is Bill = Lee's=20 Excel spreadsheet. It's designed to help you read the market, but can = also be=20 used to "read" any individual stock. Each accumulation and distribution = day is=20 marked with a color and is *very* easy to see patterns of accumulation = and=20 distribution (yellow/orange/red for distribution, green for = accumulation). See=20 the last year of the NASDAQ and you can see what I mean....plenty of red = most of=20 the year, but plenty of green while the Naz built the right side of the = cup. See=20 a sample at:</DIV> <DIV><A=20 href=3D"http://Wallstreet-LLC.com/canslim/NASDAQ112202.JPG">http://Wallst= reet-LLC.com/canslim/NASDAQ112202.JPG</A>.=20 Bill's product is a moderately priced shareware program and I have no = business=20 affiliation with him....just a happy customer. Read more about his tool = at <A=20 href=3D"http://www.market-tester.com">http://www.market-tester.com</A></D= IV> <DIV> </DIV> <DIV>Katherine</DIV> <DIV> </DIV> <DIV> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black">From: <A=20 title=3Dcjcorley@hiwaay.net href=3D"mailto:cjcorley@hiwaay.net">Curt = Corley</A>=20 </DIV> <DIV>To: <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV>Sent: Friday, November 22, 2002 8:30 PM</DIV> <DIV>Subject: [CANSLIM] Volume and CWH (was M)</DIV></DIV> <DIV> </DIV> <DIV class=3DSection1> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial">Katherine,<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Thanks for = your=20 input. Your help is=20 invaluable. I looked at = the indices=20 in TC2000 with MoneyStream and Time = Segmented=20 Volume. I looked at the = NASDAQ,=20 S&P-500, and Russell 2000. =20 Here=92s what I found on all 3 = charts.<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial">CMS:<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial">MoneyStream<FONT=20 face=3DArial color=3Dnavy size=3D2><SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"> stayed above = <SPAN=20 class=3DGramE>it=92s linear regression line on the left side of = the cup, on=20 the right side of the cup, and during the BO.<SPAN=20 style=3D"mso-spacerun: yes"> However, it stayed below the = linear=20 regression line along the bottom of the cup and during the handle=20 formation.<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial">TSV:<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">TSV stayed = mainly above=20 the center line during the left-side of the cup.<SPAN=20 style=3D"mso-spacerun: yes"> Toward the bottom of the cup, = TSV=20 plunged way below the zero line. On=20 the right side of the cup, TSV shot high above the center line = again.<SPAN=20 style=3D"mso-spacerun: yes"> During the handle formation = and the BO,=20 TSV dipped down and back up again.<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">I guess this = is=20 supposed to tell me that volume supported the price action because there = were no=20 divergences. Since you = mentioned=20 Accumulation/Distribution, I probably should have looked at On Balance = Volume=20 and/or Balance of Power. = However, I=20 haven=92t had much success with those indicators in the=20 past.<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">I=92m trying = to become=20 more proficient at chart reading, and you=92re certainly helping a great = deal=20 along with other members of this list. =20 Once again, thank you very much.<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial">Cheers,<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial">Curt<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20 Message----- From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Katherine=20 Malm Sent:=20 <st1:date Year=3D"2002" Day=3D"21" Month=3D"11">Thursday, = November 21,=20 2002</st1:date><SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> <st1:time=20 Minute=3D"58" Hour=3D"22"><SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">10:58=20 PM</st1:time><SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> <SPAN=20 style=3D"FONT-WEIGHT: bold">To: = canslim@lists.xmission.com <SPAN=20 style=3D"FONT-WEIGHT: bold">Subject: Re: [CANSLIM] = M <o:p> </o:p> <DIV> Hi = Curt,<o:p></o:p></DIV> <DIV> <o:p></o:p></DIV> <DIV> I don't think when you're = looking at=20 patterns on major indexes such as the NASDAQ that the pattern of volume = would be=20 used in the same way that it is on an individual stock. My take on it is = simply=20 that an index represents a huge number of individual stocks, and while = the=20 general price pattern will indicate a reversal of a trend or a general = shift in=20 psychology and pattern of buying and selling in the market, the volume = doesn't=20 really tell you the same story as it does in an individual stock. In = other=20 words, I think that it's more important to look for a pattern of = accumulation=20 outpacing distribution (up days on higher volume than the previous day = vs. down=20 days on higher volume), than it is to look for the "bathtub" volume = pattern that=20 one would use on an individual stock.<o:p></o:p></DIV> <DIV> <o:p></o:p></DIV> <DIV> <SPAN=20 style=3D"FONT-SIZE: 12pt">Katherine<o:p></o:p></DIV> <BLOCKQUOTE=20 style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: = medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; MARGIN: 5pt 0in 5pt = 3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: = medium none"> <DIV> <SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">----- Original Message = - -----=20 <o:p></o:p></DIV> <DIV style=3D"font-color: black"> <FONT=20 face=3DArial size=3D2><SPAN=20 style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: = Arial">From:<FONT=20 face=3DArial size=3D2> <A=20 title=3Dcjcorley@hiwaay.net href=3D"mailto:cjcorley@hiwaay.net">Curt = Corley</A>=20 <o:p></o:p></DIV> <DIV> <SPAN=20 style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: = Arial">To:<FONT=20 face=3DArial size=3D2> <A=20 title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= =20 <o:p></o:p></DIV> <DIV> <SPAN=20 style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: = Arial">Sent:<FONT=20 face=3DArial size=3D2> Thursday,=20 November 21, 2002 6:27 PM<o:p></o:p></DIV> <DIV> <SPAN=20 style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: = Arial">Subject:<FONT=20 face=3DArial size=3D2> RE:=20 [CANSLIM] M<o:p></o:p></DIV> <DIV> <o:p> </o:p></DIV> I=92m glad=20 you mentioned the General Markets & Sectors commentary in = today=92s=20 IBD. I looked at the = charts, and=20 they did not appear to have rising volume on the sides of the = cups.<SPAN=20 style=3D"mso-spacerun: yes"> As a matter of fact, the = heaviest=20 volume days were at the very bottom of the cup.<SPAN=20 style=3D"mso-spacerun: yes"> I don=92t think the indices = have shown=20 great cwh characteristics. =20 However, I=92m a novice at this stuff, so I would appreciate = any=20 criticism or validation of my view. =20 <o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial">Curt<o:p></o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: = Arial"><o:p> </o:p> <SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20 Message----- From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Kelly=20 Short Sent:=20 <st1:date Year=3D"2002" Day=3D"21" Month=3D"11">Thursday, November=20 21, 2002</st1:date><SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> = <st1:time=20 Minute=3D"11" Hour=3D"15"><SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">3:11=20 PM</st1:time><SPAN=20 style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> <SPAN=20 style=3D"FONT-WEIGHT: bold">To:=20 canslim@lists.xmission.com <SPAN=20 style=3D"FONT-WEIGHT: bold">Subject: RE: [CANSLIM]=20 M<o:p></o:p> <o:p> </o:p> <DIV> Speaking=20 of handles- what are peoples' thoughts on WON's comment from this = morning=20 about the NASDAQ forming a cup and handle? Volume in the handle seems = a bit=20 "imperfect" but I don't want to be the one to rain on the=20 parade!<o:p></o:p></DIV> <BLOCKQUOTE style=3D"MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; = MARGIN-RIGHT: 0in"> <SPAN=20 style=3D"FONT-SIZE: 12pt"><o:p></o:p><FONT=20 face=3D"Times New Roman" size=3D3> <HR align=3Dcenter width=3D"100%" SIZE=3D2> </BLOCKQUOTE></BLOCKQUOTE></DIV></BODY></HTML> - ------=_NextPart_000_0017_01C29528.4C2615B0-- - - - -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 #3058 ****************************** 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.