Re: [CANSLIM] low volume breakouts

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] low volume breakouts
Date: Thu, 13 Dec 2001 19:54:15 -0600

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Sorry about the confusion, jans. Probably unclear in my haste to write up
the summary.

Once the stock breaks out above the pivot, 74% of the time the price will
retrace/throwback/pullback to the pivot. On average, this pullback takes 12
days. As long as it holds above the pivot and then moves up, it is
considered a successful B/O. If it falls below the pivot, it is considered a
failure. The notes I wrote last night showed the failure rates, but I can't
remember them off the top of my head.

Katherine
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, December 13, 2001 7:59 PM
Subject: Re: [CANSLIM] low volume breakouts


> Katherine:
>
>      What does the 12 days refer to.
>
>       I know that you distinguished-in your answer-between throwback and
> retracement, but I'm not certain if you mean that a throwback could occur,
> according to Bulkowsi, 12 days AFTER the BO.  Or,
> perhaps, he means that once the throwback occurs it can LAST12 days before
> the stock Breaks Out again, ie. when the stock does retrace to the BO
point,
> it remains below that point for on average 12 days.
>
> jans
>
>
> In a message dated 12/10/2001 7:16:48 AM Eastern Standard Time,
> kmalm@earthlink.net writes:
>
> << ...Stocks retrace back to the B/O point 75% of the time (average time
12
> days). >>
>
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