Re: [CANSLIM] KKD

From: "Nancy T." <nancytrades@yahoo.com>
Subject: Re: [CANSLIM] KKD
Date: Tue, 2 Sep 2003 15:43:58 -0700 (PDT)

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Hi Yien,
 
Technically KKD is not in a desirable head-and-shoulders pattern. We'd rather see the right shoulder lower than the left, and neither shoulder appear that significant. These patterns are formed through market psychology, so it makes sense to see it play out vivdly to give it more validity...
 
KKD's close today below its 50-day moving average on heavy volume isn't so attractive, but going for a short play is not a risk-averse move with the overall market breaking out today...
 
Nancy
 


Yien T Lung <ylung@engin.umich.edu> wrote:

HI,

I am looking over the IBD lessons and I just read the session about heads
and shoulder. I just looked at KKD's chart pattern, and I am wondering if
you guys would agree that KKD is currently forming a head and shoulder
formation right now.

Thanks

Yien


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<DIV>Hi Yien,</DIV>
<DIV>&nbsp;</DIV>
<DIV>Technically KKD is not in a desirable head-and-shoulders pattern. We'd rather see the right shoulder lower than the left, and neither shoulder appear that significant. These patterns are formed through market psychology, so it makes sense to see it play out vivdly to give it more validity...</DIV>
<DIV>&nbsp;</DIV>
<DIV>KKD's close today below its 50-day moving average on heavy volume isn't so attractive, but going for a short play is not&nbsp;a risk-averse&nbsp;move with the overall market breaking out today...</DIV>
<DIV>&nbsp;</DIV>
<DIV>Nancy</DIV>
<DIV>&nbsp;</DIV>
<DIV><BR><BR><B><I>Yien T Lung &lt;ylung@engin.umich.edu&gt;</I></B> wrote:</DIV>
<BLOCKQUOTE class=replbq style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid"><BR>HI,<BR><BR>I am looking over the IBD lessons and I just read the session about heads<BR>and shoulder. I just looked at KKD's chart pattern, and I am wondering if<BR>you guys would agree that KKD is currently forming a head and shoulder<BR>formation right now.<BR><BR>Thanks<BR><BR>Yien<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.</BLOCKQUOTE><p><hr SIZE=1>
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