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From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3125 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, January 7 2003 Volume 02 : Number 3125 In this issue: Re: [CANSLIM] Accessing the discussion canslim archives... [CANSLIM] ROOM Redux Re: [CANSLIM] ROOM Redux Re: [CANSLIM] ROOM Redux Re: [CANSLIM] ROOM Redux RE: [CANSLIM] ROOM Redux [CANSLIM] DISH RE: [CANSLIM] DISH [CANSLIM] NBTY RE: [CANSLIM] NBTY ---------------------------------------------------------------------- Date: Mon, 6 Jan 2003 13:34:23 -0500 From: "Winston Little" <wlittle1@peoplepc.com> Subject: Re: [CANSLIM] Accessing the discussion canslim archives... - ----- Original Message ----- From: "Jeff Salisbury" <owner-canslim@xmission.com> To: <canslim@lists.xmission.com> Sent: Thursday, October 03, 2002 9:00 AM Subject: [CANSLIM] Accessing the discussion canslim archives... > From time to time, CANSLIM members may wish to browse the discussion archives. This posting provides instructions on how to access the archives. Thanks to David Cameron for compiling the essentials of this message. > > Here are the two ways to access the archives: > > 1. The best way is to use your web browser. To browse the archives, point your browser to: > > ftp://ftp.xmission.com/pub/lists/canslim/archive/ > > 2. (Not as convenient) via email: > Send an email to majordomo@xmission.com > with the following as the body of your message: > > "index canslim". > > Then send a follow up email to request an old > email from either the "archive" or "latest" > directory. Note that your request must be in > the body of your email. > > For example: > > "get canslim latest/001" > > will retrieve file "001" from the "latest" > directory. > > "get canslim archive/v01.n066" > > will retrieve file "v01.n066" from the > "archive" dir. > > Best Regards, > > Jeff Salisbury - CANSLIM list owner/admin > > > - > -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, 6 Jan 2003 17:22:54 -0600 From: "Katherine Malm" <kmalm@earthlink.net> Subject: [CANSLIM] ROOM Redux This is a multi-part message in MIME format. - ------=_NextPart_000_004C_01C2B5A8.3FA77EF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi All, Every now and then a stock will act in a way that reaffirms my belief in technical analysis. ROOM is a good recent example and one that came up here for discussion in the last month. At the time the base was finishing off, it looked as though the it was wedging higher on low volume. That's enough to make me mark off a chart like that as "flawed and too risky." ROOM managed to rise for a brief while, but started failing badly. Today it gapped down. Nice to know this stuff really works! See the annotated charts at: http://www.cwhcharts.com/katherine/ROOM010603Wedging.JPG http://www.cwhcharts.com/katherine/ROOM010603GapDown.JPG Katherine - ------=_NextPart_000_004C_01C2B5A8.3FA77EF0 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></HEAD> <BODY> <DIV><SPAN class=3D468283117-06012003>Hi All,</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003>Every now and then a stock = will act in=20 a way that reaffirms my belief in technical analysis. ROOM is a good = recent=20 example and one that came up here for discussion in the last month. At = the time=20 the base was finishing off, it looked as though the it was wedging = higher on low=20 volume. That's enough to make me mark off a chart like that as "flawed = and too=20 risky." ROOM managed to rise for a brief while, but started failing = badly.=20 Today it gapped down. Nice to know this stuff really works!</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003>See the annotated charts = at:</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003><A=20 href=3D"http://www.cwhcharts.com/katherine/ROOM010603Wedging.JPG">http://= www.cwhcharts.com/katherine/ROOM010603Wedging.JPG</A></SPAN></DIV> <DIV><SPAN class=3D468283117-06012003><A=20 href=3D"http://www.cwhcharts.com/katherine/ROOM010603GapDown.JPG">http://= www.cwhcharts.com/katherine/ROOM010603GapDown.JPG</A></SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003>Katherine</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV></BODY></HTML> - ------=_NextPart_000_004C_01C2B5A8.3FA77EF0-- - - - -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, 6 Jan 2003 19:37:03 -0500 From: "Tom Worley" <stkguru@bellsouth.net> Subject: Re: [CANSLIM] ROOM Redux This is a multi-part message in MIME format. - ------=_NextPart_000_0016_01C2B5BA.FD664E00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable they warned that Q4 revenues will be $270-271 million vs prior guidance = of $283-289 million - ----- Original Message -----=20 From: Katherine Malm=20 To: Canslim@Lists.Xmission.Com=20 Sent: Monday, January 06, 2003 6:22 PM Subject: [CANSLIM] ROOM Redux Hi All, Every now and then a stock will act in a way that reaffirms my belief in = technical analysis. ROOM is a good recent example and one that came up = here for discussion in the last month. At the time the base was = finishing off, it looked as though the it was wedging higher on low = volume. That's enough to make me mark off a chart like that as "flawed = and too risky." ROOM managed to rise for a brief while, but started = failing badly. Today it gapped down. Nice to know this stuff really = works! See the annotated charts at: http://www.cwhcharts.com/katherine/ROOM010603Wedging.JPG http://www.cwhcharts.com/katherine/ROOM010603GapDown.JPG Katherine - ------=_NextPart_000_0016_01C2B5BA.FD664E00 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><FONT face=3DArial>they warned that Q4 revenues will be $270-271 = million vs=20 prior guidance of $283-289 million</FONT></DIV> <DIV> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dkmalm@earthlink.net = href=3D"mailto:kmalm@earthlink.net">Katherine Malm</A>=20 </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:Canslim@Lists.Xmission.Com">Canslim@Lists.Xmission.Com</A>= </DIV> <DIV><B>Sent:</B> Monday, January 06, 2003 6:22 PM</DIV> <DIV><B>Subject:</B> [CANSLIM] ROOM Redux</DIV></DIV> <DIV><BR></DIV> <DIV><SPAN class=3D468283117-06012003>Hi All,</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003>Every now and then a stock = will act in=20 a way that reaffirms my belief in technical analysis. ROOM is a good = recent=20 example and one that came up here for discussion in the last month. At = the time=20 the base was finishing off, it looked as though the it was wedging = higher on low=20 volume. That's enough to make me mark off a chart like that as "flawed = and too=20 risky." ROOM managed to rise for a brief while, but started failing = badly.=20 Today it gapped down. Nice to know this stuff really works!</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003>See the annotated charts = at:</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003><A=20 href=3D"http://www.cwhcharts.com/katherine/ROOM010603Wedging.JPG">http://= www.cwhcharts.com/katherine/ROOM010603Wedging.JPG</A></SPAN></DIV> <DIV><SPAN class=3D468283117-06012003><A=20 href=3D"http://www.cwhcharts.com/katherine/ROOM010603GapDown.JPG">http://= www.cwhcharts.com/katherine/ROOM010603GapDown.JPG</A></SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003>Katherine</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV></BODY></HTML> - ------=_NextPart_000_0016_01C2B5BA.FD664E00-- - - - -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, 6 Jan 2003 19:50:02 EST From: Chazmoore@aol.com Subject: Re: [CANSLIM] ROOM Redux - --part1_f4.273b7da5.2b4b7e3a_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine and all: The actual decline today was the result of a downward revision in earnings. However, as you pointed out, the wedging and faulty handle warned of trouble ahead. Since the chart is a historical representation of the action of buyers and sellers I conclude that some investors either knew or suspected trouble was ahead. By correctly reading the chart we are taking a peek at the opinions or feelings of other investors, probably the funds or other large institutions. I find this fascinating. Nice job Katherine. Charley - --part1_f4.273b7da5.2b4b7e3a_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit <HTML><FONT FACE=arial,helvetica><FONT SIZE=2>Katherine and all: <BR>The actual decline today was the result of a downward revision in earnings. However, as you pointed out, the wedging and faulty handle warned of trouble ahead. <BR>Since the chart is a historical representation of the action of buyers and sellers I conclude that some investors either knew or suspected trouble was ahead. By correctly reading the chart we are taking a peek at the opinions or feelings of other investors, probably the funds or other large institutions. <BR>I find this fascinating. <BR> <BR>Nice job Katherine. <BR> <BR>Charley</FONT></HTML> - --part1_f4.273b7da5.2b4b7e3a_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: Mon, 6 Jan 2003 20:45:56 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] ROOM Redux Katherine: Just to make life interesting: You didn't ask for an opinion, but=20 here's mine regarding ROOM's chart. If one uses the left lip as the BO Pt. (the PP is about 70=BD), then th= e=20 volume was very poor. So it failed on that point. However, if one uses 9/13 as the PP date with the Right Lip PP at 50= =BD=20 (it made a false BO 9/27 to close at 51.44 on LESS than ADV), ROOM BrokeOut=20 10/11 to close near its high at 51.84 on very high volume. Now it rose in around 6 weeks over 40%. That ain't hay, especially in=20 this volatile market. It then fell around 10 pts from its high on higher=20 volume than the prior weeks' advances. That was a warning; as was the=20 stock's RS-Line not making much of a new high as the week's price rose 1.50=20 (ie. it's RS-Line seemed to be getting winded; its slope was not as steep).=20= =20 The final warning (outside of the down-gap) was obvious to anyone who=20 abides by WON's dictums on when to sell. It fell, the next week on=20 relatively high volume (although less than ADV). However, the clincher was=20 that it fell below it's 50DMA on the relatively high volume. The upshot is that if you had bought on its BO, you would have garnered= =20 around 10% in 8 weeks (this, by the way, is around 65% annually). =20 Katherine, as far as your analysis goes, I don't think I would have=20 viewed it that way. I do see the wedging as the stock finishes what you=20 describe as the base; but as I said, I believe the base was completed=20 9/13-and then ROOM had 3 weeks of a Handle on lower volume. However, just looking at it right now (in your context), a sign that th= e=20 stock was weak is that it continued its ascent, after BOing out 10/11. If=20 you agree with my analysis (or even if you don't), you might want to note=20 that a stock, after BO, whose ascent is on low volume might indicate a weak=20 stock, and one to watch all the more closely for a sell signal. It'd be nic= e=20 if there were any data on this phenomenon (ie. whether or not a stock's=20 weakness can be predicted based on its ADV after it Breaks Out). jans In a message dated 1/6/2003 6:23:53 PM Eastern Standard Time,=20 kmalm@earthlink.net writes: << Every now and then a stock will act in a way that reaffirms my belief in technical analysis. ROOM is a good recent example and one that came up here= =20 for discussion in the last month. At the time the base was finishing off, it=20 looked as though the it was wedging higher on low volume. That's enough to make me= =20 mark off a chart like that as "flawed and too risky." ROOM managed to rise for a brief while, but started failing badly. Today it gapped down. Nice to know=20 this stuff really works! >> - - - -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, 6 Jan 2003 21:12:37 -0600 From: "Katherine Malm" <kmalm@earthlink.net> Subject: RE: [CANSLIM] ROOM Redux Hi jans, ROOM's probably a good example for many things in chart reading, among them the excellent points you made about rising on lower volume after a breakout. I'll have to disagree with you on 9/13 being a handle/pivot area, however, for two reasons. First, the area you describe in too low in the base (it's below the midpoint of the base) and second, because it formed below the 200 day moving average. Both of those are primary requirements for a valid handle. I think it's easy to see a chart in hindsight and say "if I'd purchased here I would've made xx%" but the point of a cup with handle (or an intermediate term base of any sort) is to wait until you have most of the technicals pointing in the same direction to indicate the risk has been lowered. Once the stock retraces a sufficient amount of the decline, some of the risk is taken out. The idea of waiting until there is a pullback on low volume above the midpoint helps to indicate the stock is more likely to move onward and upward with some oomph and take out the resistance at the left side of the cup. It's not necessary to wait until it's *passed* the left side of the cup on the breakout, just that it has the volume to propel it past the beginning of the last correction. Charley made a great point in his post, i.e., the poor action in the base and afterward were just evidence that something was amiss fundamentally. The smart money was unloading stock into the rise and that "explains" the low volume and subsequent failure. My annotations on this chart are a little crowded, but this more clearly marks out the cup and handle as of 11/14, before it started that wimpy rise, complete retracement and ultimate the gap down. http://www.cwhcharts.com/katherine/ROOM111402.JPG Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Spencer48@aol.com Sent: Monday, January 06, 2003 7:46 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] ROOM Redux Katherine: Just to make life interesting: You didn't ask for an opinion, but here's mine regarding ROOM's chart. If one uses the left lip as the BO Pt. (the PP is about 70╜), then the volume was very poor. So it failed on that point. However, if one uses 9/13 as the PP date with the Right Lip PP at 50╜ (it made a false BO 9/27 to close at 51.44 on LESS than ADV), ROOM BrokeOut 10/11 to close near its high at 51.84 on very high volume. Now it rose in around 6 weeks over 40%. That ain't hay, especially in this volatile market. It then fell around 10 pts from its high on higher volume than the prior weeks' advances. That was a warning; as was the stock's RS-Line not making much of a new high as the week's price rose 1.50 (ie. it's RS-Line seemed to be getting winded; its slope was not as steep). The final warning (outside of the down-gap) was obvious to anyone who abides by WON's dictums on when to sell. It fell, the next week on relatively high volume (although less than ADV). However, the clincher was that it fell below it's 50DMA on the relatively high volume. The upshot is that if you had bought on its BO, you would have garnered around 10% in 8 weeks (this, by the way, is around 65% annually). Katherine, as far as your analysis goes, I don't think I would have viewed it that way. I do see the wedging as the stock finishes what you describe as the base; but as I said, I believe the base was completed 9/13-and then ROOM had 3 weeks of a Handle on lower volume. However, just looking at it right now (in your context), a sign that the stock was weak is that it continued its ascent, after BOing out 10/11. If you agree with my analysis (or even if you don't), you might want to note that a stock, after BO, whose ascent is on low volume might indicate a weak stock, and one to watch all the more closely for a sell signal. It'd be nice if there were any data on this phenomenon (ie. whether or not a stock's weakness can be predicted based on its ADV after it Breaks Out). jans In a message dated 1/6/2003 6:23:53 PM Eastern Standard Time, kmalm@earthlink.net writes: << Every now and then a stock will act in a way that reaffirms my belief in technical analysis. ROOM is a good recent example and one that came up here for discussion in the last month. At the time the base was finishing off, it looked as though the it was wedging higher on low volume. That's enough to make me mark off a chart like that as "flawed and too risky." ROOM managed to rise for a brief while, but started failing badly. Today it gapped down. Nice to know this stuff really works! >> - - - -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: Tue, 7 Jan 2003 09:06:25 -0600 From: michael_niemotka@baxter.com Subject: [CANSLIM] DISH Hi all, Hope everyone had a great holiday season. I spotted DISH the other day, and was wondering what everyone thought about the chart. It looks like a cwh, but the handle formed below the mid-point of the base, which I thought was a no-no. It appears to have ramped out of the handle, rather than break out cleanly with a large volume day. Any thoughts Thanks 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 - - - -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, 7 Jan 2003 09:27:51 -0600 From: "Katherine Malm" <kmalm@earthlink.net> Subject: RE: [CANSLIM] DISH Hi Mike, DISH *does* pass the midpoint test. Here's the chart going into the breakout: http://www.cwhcharts.com/katherine/DISH123102.JPG I've seen stocks creep into a breakout like this before, so I wouldn't call it completely unusual, especially when folks are still tentative about the market direction. If all the other technical characteristics are in place and there was a shakeout in the handle, then it doesn't worry me as much. I would expect to see DISH rise on higher volume and pull back on lower volume as it continues to rise. As long as that continues, then the breakout is ok. It's entirely possible that it will trace additional handles along the way while it tries to break above the beginning of the consolidation back in April. See the breakout at: http://www.cwhcharts.com/katherine/DISH010703.JPG Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of michael_niemotka@baxter.com Sent: Tuesday, January 07, 2003 9:06 AM To: canslim@lists.xmission.com Subject: [CANSLIM] DISH Hi all, Hope everyone had a great holiday season. I spotted DISH the other day, and was wondering what everyone thought about the chart. It looks like a cwh, but the handle formed below the mid-point of the base, which I thought was a no-no. It appears to have ramped out of the handle, rather than break out cleanly with a large volume day. Any thoughts Thanks 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 - - - -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: Tue, 7 Jan 2003 12:34:14 EST From: E2moskow@aol.com Subject: [CANSLIM] NBTY - --part1_6e.289715d2.2b4c6996_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Am I reading this chart right. There was a break out at the end of November. and it formed a handle and has been going up on increased volume. Morris Moskowitz - --part1_6e.289715d2.2b4c6996_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit <HTML><FONT FACE=arial,helvetica><FONT SIZE=2>Am I reading this chart right. There was a break out at the end of November. and it formed a handle and has been going up on increased volume. <BR>Morris Moskowitz</FONT></HTML> - --part1_6e.289715d2.2b4c6996_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, 7 Jan 2003 13:36:25 -0600 From: "Katherine Malm" <kmalm@earthlink.net> Subject: RE: [CANSLIM] NBTY This is a multi-part message in MIME format. - ------=_NextPart_000_0040_01C2B651.C6253A90 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Hi Morris, The work NBTY did in November of '02 was too low in the base for the subsequent move up to be considered a valid breakout. The midpoint of the "handle" at that time was below the midpoint of the base and also below the 200 day MA. See my annotated chart to see the cup and handle base and the breakout yesterday, 1/6: http://www.cwhcharts.com/katherine/NBTY010703.JPG Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of E2moskow@aol.com Sent: Tuesday, January 07, 2003 11:34 AM To: canslim@lists.xmission.com Subject: [CANSLIM] NBTY Am I reading this chart right. There was a break out at the end of November. and it formed a handle and has been going up on increased volume. Morris Moskowitz - ------=_NextPart_000_0040_01C2B651.C6253A90 Content-Type: text/html; charset="us-ascii" 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=3Dus-ascii"> <META content=3D"MSHTML 6.00.2800.1126" name=3DGENERATOR></HEAD> <BODY> <DIV><SPAN class=3D914013419-07012003>Hi Morris,</SPAN></DIV> <DIV><SPAN class=3D914013419-07012003></SPAN> </DIV> <DIV><SPAN class=3D914013419-07012003>The work NBTY did in November of = '02 was too=20 low in the base for the subsequent move up to be considered a valid = breakout.=20 The midpoint of the "handle" at that time was below the midpoint of the = base and=20 also below the 200 day MA. See my annotated chart to see the cup and = handle base=20 and the breakout yesterday, 1/6:</SPAN></DIV> <DIV><SPAN class=3D914013419-07012003></SPAN> </DIV> <DIV><SPAN class=3D914013419-07012003><A=20 href=3D"http://www.cwhcharts.com/katherine/NBTY010703.JPG">http://www.cwh= charts.com/katherine/NBTY010703.JPG</A></SPAN></DIV> <DIV><SPAN class=3D914013419-07012003></SPAN> </DIV> <DIV><SPAN class=3D914013419-07012003>Katherine</SPAN></DIV> <BLOCKQUOTE> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT = face=3DTahoma=20 size=3D2>-----Original Message-----<BR><B>From:</B>=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20 </B>E2moskow@aol.com<BR><B>Sent:</B> Tuesday, January 07, 2003 11:34=20 AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> = [CANSLIM]=20 NBTY<BR><BR></FONT></DIV><FONT face=3Darial,helvetica><FONT = size=3D2>Am I reading=20 this chart right. There was a break out at the end of November. = and it=20 formed a handle and has been going up on increased volume. <BR>Morris=20 Moskowitz</FONT> </FONT></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0040_01C2B651.C6253A90-- - - - -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 #3125 ****************************** 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.