Re: [CANSLIM] ASIA?


From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] ASIA?
Date: Thu, 10 Jan 2002 22:02:40 -0600

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I'd say it didn't pause quite long enough 11/27-12/3 before the faulty =
B/O 12/4. All the action since is because of the short pause and lack of =
"true" handle/shake-out at about $17. Action 12/6-1/7 has too much =
volume to be a high handle, too short to be a new base. High volume =
reversal 1/9 and tails down the last 2 days say failure. I'll guess it =
comes back down to kiss 17 for a while, builds a sturdier base, then =
breaks out for real.

Katherine
  ----- Original Message -----=20
  From: esetser=20
  To: canslim@lists.xmission.com=20
  Sent: Thursday, January 10, 2002 10:51 PM
  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
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  >> >>
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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
  >> >
  >> >
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  >> >-To subscribe/unsubscribe, email "majordomo@xmission.com"
  >> >-In the email body, write "subscribe canslim" or
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  >>
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  >> -To subscribe/unsubscribe, email "majordomo@xmission.com"
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  >
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  >-To subscribe/unsubscribe, email "majordomo@xmission.com"
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<DIV>I'd say it didn't pause quite long enough 11/27-12/3 before the =
faulty B/O=20
12/4. All the action since is because of the short pause and lack of =
"true"=20
handle/shake-out at about $17. Action 12/6-1/7 has too much volume to be =
a high=20
handle, too short to be a new base. High volume reversal 1/9 and tails =
down the=20
last&nbsp;2 days say failure. I'll guess it comes back down to kiss 17 =
for a=20
while, builds a sturdier base, then breaks out for real.</DIV>
<DIV>&nbsp;</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=3Desetser@covad.net =
href=3D"mailto:esetser@covad.net">esetser</A> </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> Thursday, January 10, =
2002 10:51=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
ASIA?</DIV>
  <DIV><BR></DIV>So you only consider cup with handles as true =
breakouts?&nbsp;=20
  I buy cups, cup<BR>with handles, double bottoms, and flat bases, maybe =

  others.<BR><BR>At 10:44 PM 1/10/02 -0500, you wrote:<BR>&gt;I'm =
biased, but I=20
  prefer to see it as a high handle beginning on 12/6. The<BR>&gt;volume =
that=20
  day was not so great, and there was no true handle, so I =
don't<BR>&gt;consider=20
  it a true breakout.<BR>&gt;<BR>&gt;The handle beginning after that =
failure is=20
  nice and long and volume dried<BR>&gt;up nicely towards the end. The =
volume on=20
  1/6-1/7 was very high.<BR>&gt;<BR>&gt;Only time will tell the true=20
  story...<BR>&gt;<BR>&gt;&gt; -----Original Message-----<BR>&gt;&gt; =
From: <A=20
  =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>&gt;&gt;=20
  [mailto:owner-canslim@lists.xmission.com]On Behalf Of =
esetser<BR>&gt;&gt;=20
  Sent: Thursday, January 10, 2002 11:25 PM<BR>&gt;&gt; To: <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;&gt;=20
  Subject: Re: [CANSLIM] ASIA?<BR>&gt;&gt;<BR>&gt;&gt;<BR>&gt;&gt; I =
read this=20
  one differently.&nbsp; I see ASIA as a stock with a breakout to =
a<BR>&gt;&gt;=20
  new on 12/6.&nbsp; (And as a matter of fact, I bot it that =
day.)<BR>&gt;&gt;=20
  That breakout<BR>&gt;&gt; became suspect as the stock corrected and =
closed=20
  near its low during the<BR>&gt;&gt; day, and went on to be a failed =
breakout=20
  for anyone buying in during the<BR>&gt;&gt; day.&nbsp; The action =
since then=20
  is short of the 5 weeks minimum to<BR>&gt;&gt; define a =
new<BR>&gt;&gt; base,=20
  and is confusing in light of the new high it set.. I'm<BR>&gt;&gt; not =
sure=20
  where<BR>&gt;&gt; I would put a pivot on this one.&nbsp; The volume =
was=20
  fabulous for 2<BR>&gt;&gt; days, but<BR>&gt;&gt; has remained almost =
as high=20
  for the last 2 day pullback, so I<BR>&gt;&gt; would be =
very<BR>&gt;&gt;=20
  cautious.<BR>&gt;&gt;<BR>&gt;&gt; At 04:58 PM 1/10/02 -0500, you=20
  wrote:<BR>&gt;&gt; &gt;Hi,<BR>&gt;&gt; &gt;<BR>&gt;&gt; &gt;Just =
curious on=20
  comment about ASIA.&nbsp; Last few days it looked<BR>&gt;&gt; to be=20
  breaking<BR>&gt;&gt; &gt;out of a nice chart formation.&nbsp; Alas, it =
seems=20
  to be breaking down or<BR>&gt;&gt; &gt;allowing for another re-entry=20
  point.&nbsp; Any thoughts?<BR>&gt;&gt; &gt;<BR>&gt;&gt; &gt;Is this =
stock=20
  considered Canslim "worthy" even though it has<BR>&gt;&gt; seen=20
  higher<BR>&gt;&gt; &gt;days (ie. not breaking to new =
highs)?<BR>&gt;&gt;=20
  &gt;<BR>&gt;&gt; &gt;Thanks,<BR>&gt;&gt; &gt;Erik<BR>&gt;&gt; &gt;PS. =
Forgive=20
  me if this has been the topic of recent<BR>&gt;&gt; discussion. I just =

  moved<BR>&gt;&gt; &gt;and missed the last week of my Canslim Group=20
  emails.<BR>&gt;&gt; &gt;<BR>&gt;&gt; &gt;----- Original Message=20
  -----<BR>&gt;&gt; &gt;From: "Mike Hofmann" &lt;<A=20
  =
href=3D"mailto:sfmcanslim@hotmail.com">sfmcanslim@hotmail.com</A>&gt;<BR>=
&gt;&gt;=20
  &gt;To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>&gt;&gt;=20
  &gt;Sent: Thursday, January 10, 2002 1:08 PM<BR>&gt;&gt; &gt;Subject: =
Re: AW:=20
  [CANSLIM] DFXI<BR>&gt;&gt; &gt;<BR>&gt;&gt; &gt;<BR>&gt;&gt; &gt;&gt; =
... and=20
  still more than you really wanted to know about "kudos":<BR>&gt;&gt;=20
  &gt;&gt;<BR>&gt;&gt; &gt;&gt; From a really cool site called "Take Our =
Word=20
  For It"<BR>&gt;&gt; &gt;&gt; (<A=20
  =
href=3D"http://www.takeourword.com/">http://www.takeourword.com/</A>):<BR=
>&gt;&gt;=20
  &gt;&gt;<BR>&gt;&gt; &gt;&gt; "Kudos is simply Greek for =
"praise".&nbsp; It is=20
  thought to have entered<BR>&gt;&gt; &gt;English<BR>&gt;&gt; &gt;&gt; =
as=20
  university slang.&nbsp; By 1799 we have a back-formed verb kudize=20
  "to<BR>&gt;&gt; &gt;praise",<BR>&gt;&gt; &gt;&gt; so kudos itself was =
probably=20
  in use prior to that, though<BR>&gt;&gt; the first known<BR>&gt;&gt; =
&gt;&gt;=20
  recorded use of kudos comes from 1831.&nbsp; Thereafter we =
find<BR>&gt;&gt; it=20
  used by the<BR>&gt;&gt; &gt;&gt; likes of Disraeli and Darwin.&nbsp; =
Darwin=20
  wrote, in one of his<BR>&gt;&gt; letters: "Lyell<BR>&gt;&gt; &gt;&gt; =
has read=20
  about half of the volume in clean sheets, and gives<BR>&gt;&gt; me =
very=20
  great<BR>&gt;&gt; &gt;&gt; kudos."<BR>&gt;&gt; &gt;&gt;<BR>&gt;&gt; =
&gt;&gt;=20
  Pronunciation in Britain is "cue-doss" while in America it<BR>&gt;&gt; =
is=20
  "koo-doze".<BR>&gt;&gt; &gt;&gt; As with many Greek words, -os =
indicates a=20
  singular noun.&nbsp; Many people<BR>&gt;&gt; &gt;assume<BR>&gt;&gt; =
&gt;&gt;=20
  kudos is the&nbsp; plural form, with the singular being a kudo.&nbsp; =
They=20
  are<BR>&gt;&gt; &gt;wrong.<BR>&gt;&gt; &gt;&gt; Just =
wrong.<BR>&gt;&gt;=20
  &gt;&gt;<BR>&gt;&gt; &gt;&gt; There was once a computer operating =
system=20
  called QDOS.&nbsp; Was<BR>&gt;&gt; it named by a<BR>&gt;&gt; &gt;&gt; =
Brit, so=20
  that it sounded like kudos, or is that simply a<BR>&gt;&gt;=20
  coincidence?"<BR>&gt;&gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt; ... and there =
you have=20
  it.<BR>&gt;&gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt; =
- -----=20
  Original Message -----<BR>&gt;&gt; &gt;&gt; From: "Warren Keuffel" =
&lt;<A=20
  =
href=3D"mailto:wkeuffel@xmission.com">wkeuffel@xmission.com</A>&gt;<BR>&g=
t;&gt;=20
  &gt;&gt; To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>&gt;&gt;=20
  &gt;&gt; Sent: Wednesday, January 09, 2002 8:23 PM<BR>&gt;&gt; =
&gt;&gt;=20
  Subject: Re: AW: [CANSLIM] DFXI<BR>&gt;&gt; &gt;&gt;<BR>&gt;&gt;=20
  &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; Jumping in here for Mike -- "Kudos" =

  basically means<BR>&gt;&gt; "Congratulations".<BR>&gt;&gt; &gt;&gt; =
&gt;&nbsp;=20
  However &lt;ahem&gt; I was curious about the etymology of the word=20
  so<BR>&gt;&gt; &gt;&gt; &gt; consulted my American Heritage dictionary =
which=20
  defines it<BR>&gt;&gt; as&nbsp; "Acclaim<BR>&gt;&gt; &gt;&gt; &gt; or =
prestige=20
  as a result of achievement or position." But<BR>&gt;&gt; no guidance=20
  on<BR>&gt;&gt; &gt;&gt; &gt; etymology, darn it.&nbsp; More than you =
wanted to=20
  know, right? &lt;g&gt;<BR>&gt;&gt; &gt;&gt; &gt;<BR>&gt;&gt; &gt;&gt; =
&gt;=20
  Warren<BR>&gt;&gt; &gt;&gt; &gt;<BR>&gt;&gt; &gt;&gt; &gt; Andreas =
Himmelreich=20
  wrote:<BR>&gt;&gt; &gt;&gt; &gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;Sorry =
to ask=20
  Mike, what means Kudos?<BR>&gt;&gt; &gt;&gt; &gt; &gt;<BR>&gt;&gt; =
&gt;&gt;=20
  &gt; &gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;-----Ursprungliche=20
  Nachricht-----<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;Von: Mike Gibbons=20
  [SMTP:webmaster@cwhcharts.com]<BR>&gt;&gt; &gt;&gt; &gt; =
&gt;&gt;Gesendet am:=20
  Wednesday, January 09, 2002 7:08 PM<BR>&gt;&gt; &gt;&gt; &gt; =
&gt;&gt;An: <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;&gt;=20
  &gt;&gt; &gt; &gt;&gt;Betreff: RE: [CANSLIM] DFXI<BR>&gt;&gt; &gt;&gt; =
&gt;=20
  &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;Kudos to you, you should be =
feeling=20
  pleased this morning<BR>&gt;&gt; and justly<BR>&gt;&gt; =
&gt;so.<BR>&gt;&gt;=20
  &gt;&gt; &gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; =
&gt;&gt;Aloha,<BR>&gt;&gt;=20
  &gt;&gt; &gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;Mike=20
  Gibbons<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;-----Original Message-----<BR>&gt;&gt; &gt;&gt; &gt; =
&gt;&gt;From: <A=20
  =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>&gt;&gt;=20
  &gt;&gt; &gt; &gt;&gt;[mailto:owner-canslim@lists.xmission.com]On =
Behalf Of=20
  Dave<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;Sent: Wednesday, January 09, =
2002 5:29=20
  AM<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;To: <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;&gt;=20
  &gt;&gt; &gt; &gt;&gt;Subject: RE: [CANSLIM] DFXI<BR>&gt;&gt; &gt;&gt; =
&gt;=20
  &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;True, the handle was a bit sloppy but for the most =
part<BR>&gt;&gt;=20
  volume in the<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;handle was below =
normal. It=20
  also made a pretty nice ascending<BR>&gt;&gt; =
&gt;triangle.<BR>&gt;&gt;=20
  &gt;&gt; &gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;As for the =
action at=20
  the end of the day, I think you're<BR>&gt;&gt; reading too<BR>&gt;&gt; =

  &gt;much<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;into it. The stock made a=20
  tremendous surge on volume in<BR>&gt;&gt; the last half<BR>&gt;&gt; =
&gt;&gt;=20
  hour<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;of trading. It then pulled back =
on=20
  lower volume but<BR>&gt;&gt; didn't undercut<BR>&gt;&gt; =
&gt;that<BR>&gt;&gt;=20
  &gt;&gt; &gt; &gt;&gt;"intraday breakout point". It then found some =
new=20
  buyers<BR>&gt;&gt; at the very<BR>&gt;&gt; &gt;end<BR>&gt;&gt; =
&gt;&gt; &gt;=20
  &gt;&gt;of the session.<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;<BR>&gt;&gt; =

  &gt;&gt; &gt; &gt;&gt;You can find flaws in any chart formation. I've =
missed=20
  many huge<BR>&gt;&gt; &gt;winners<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;by =

  refusing to buy what I perceived as a flawed handle,<BR>&gt;&gt; or by =

  putting<BR>&gt;&gt; &gt;&gt; too<BR>&gt;&gt; &gt;&gt; &gt; =
&gt;&gt;much weight=20
  on intraday analysis. Even IBD will go on to<BR>&gt;&gt; call=20
  "perfect<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;cup-handle breakouts" on =
stocks=20
  that have somewhat questionable<BR>&gt;&gt; &gt;&gt; &gt; =
&gt;&gt;formations.=20
  I won't be surprised to see DFXI mentioned<BR>&gt;&gt; tomorrow as=20
  a<BR>&gt;&gt; &gt;&gt; good<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;example.<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;<BR>&gt;&gt; =
&gt;&gt; &gt;=20
  &gt;&gt;Of course hindsight is 20/20. Nevertheless I'm glad =
I<BR>&gt;&gt;=20
  bought yesterday<BR>&gt;&gt; &gt;&gt; :)<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;&gt;&gt;Yes it did but fell back below it's high of the day.=20
  Also,<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;&gt;&gt;<BR>&gt;&gt; &gt;&gt; =
&gt;=20
  &gt;&gt;&gt;action in the<BR>&gt;&gt; &gt;&gt; &gt; =
&gt;&gt;&gt;<BR>&gt;&gt;=20
  &gt;&gt; &gt; &gt;&gt;&gt;&gt;handle has been sloppy - one normally =
hopes to=20
  see price<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;&gt;&gt;<BR>&gt;&gt; =
&gt;&gt; &gt;=20
  &gt;&gt;&gt;pullback on falling<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;&gt;&gt;volume but in =
fact it's=20
  made a couple of attempts to BO on<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;&gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;&gt;above=20
  average<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;&gt;<BR>&gt;&gt; &gt;&gt; =
&gt;=20
  &gt;&gt;&gt;&gt;volume since forming the pivot on 12/10. I=20
  wouldn't<BR>&gt;&gt; rush in with an<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;&gt;&gt;overnight order!<BR>&gt;&gt; &gt;&gt; &gt;=20
  &gt;&gt;&gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;&gt;&gt;Mike=20
  Gibbons<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;&gt;&gt;<BR>&gt;&gt; =
&gt;&gt; &gt;=20
  &gt;&gt;<BR>&gt;&gt; &gt;&gt; &gt; &gt;&gt;-<BR>&gt;&gt; &gt;&gt; &gt; =

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