Go to Jeff Salisbury LWGate Home Page.From: "John Adair" <xjadair@brightok.net>
Subject: RE: [CANSLIM] ASIA?
Date: Fri, 11 Jan 2002 21:59:40 -0600
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Hi Katherine. The chart of Asia when blown up is super That took some
doing. Care to share.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Friday, January 11, 2002 3:15 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] ASIA?
Just an experiment, but here's a marked chart:
http://photos.yahoo.com/bc/katherinemalm/vwp?.dir=/CANSLIM&.dnm=ASIA+011102.
jpg&.src=ph&.done=http%3a//photos.yahoo.com/bc/katherinemalm/vwp%3f.dir=/CAN
SLIM%26.dnm=Up%2bDn%2bRatio%2bArticle%2b123101.jpg%26.src=ph
<http://photos.yahoo.com/bc/katherinemalm/vwp?.dir=/CANSLIM&.dnm=ASIA+011102
.jpg&.src=ph&.done=http%3a//photos.yahoo.com/bc/katherinemalm/vwp%3f.dir=/CA
NSLIM%26.dnm=Up%2bDn%2bRatio%2bArticle%2b123101.jpg%26.src=ph>
Katherine
- ----- Original Message -----
From: Patrick Wahl <mailto:pjwahl@attbi.com>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Friday, January 11, 2002 2:52 PM
Subject: RE: [CANSLIM] ASIA?
I think we went around about this subject a few months ago, but I would put
a
different interpretation on the chart. I think the 12/4 spike marked the
end of the
right side of the cup, and the choppy sideways movement from that point
constitutes
a handle. So buying on 12/4 was not the proper buy point.
The more appropriate buy point would be the day in January where price
gapped up
to close at about 20.90 or so. To me the formation of a handle part way up
a cup
doesn't make sense. Handles form at logical sell points, and the logical
sell point is
the resistance formed at the old high - the left side of the cup around end
of June,
first of July. Without a sort of definite point like an old high, any
consolidation point
along the way up the right side of the cup can be called a handle.
Just my interpretation, I think during the discussion of this point a few
months ago I
was in a decided minority (one, maybe).
On 10 Jan 2002 at 23:30, Dave wrote:
> In hindsight if I had been watching ASIA on 12/4 I probably would have
> bought. If you consider 11/27 to be the start of a short handle, the pivot
> would be 17.33 and the stock could have been bought up to 18.20. In this
> case, you would still be in the stock.
>
> As for now, it's definitely a gamble. Personally I like the month-long
> consolidation and the near record volume over the past few days, and think
> that if the Nasdaq resumes its rally, there's a good chance ASIA will go
> along for the ride.
>
>
> > -----Original Message-----
> > From: owner-canslim@lists.xmission.com
<mailto:owner-canslim@lists.xmission.com>
> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser
> > Sent: Thursday, January 10, 2002 11:51 PM
> > To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
> > 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>
> > >> [mailto:owner-canslim@lists.xmission.com]On Behalf Of esetser
> > >> Sent: Thursday, January 10, 2002 11:25 PM
> > >> To: canslim@lists.xmission.com <mailto: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
<mailto:sfmcanslim@hotmail.com> >
> > >> >To: < canslim@lists.xmission.com <mailto: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
<mailto:wkeuffel@xmission.com> >
> > >> >> To: < canslim@lists.xmission.com
<mailto: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
<mailto: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>
> > >> >> > >>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave
> > >> >> > >>Sent: Wednesday, January 09, 2002 5:29 AM
> > >> >> > >>To: canslim@lists.xmission.com
<mailto: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
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> > >> >> > >>
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> > >> >> >
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> > >> >_________________________________________________________
> > >> >Do You Yahoo!?
> > >> >Get your free @yahoo.com address at http://mail.yahoo.com
> > >> >
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<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>Hi=
Katherine.
The chart of Asia when blown up is super<span style=3D"mso-spacerun:
yes"> </span>That took some doing. Care to =
share.<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><!=
[if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma;color:black'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Katherine Malm<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Friday, January 11, =
2002
3:15 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
ASIA?</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Just an
experiment, but here's a marked chart:</span></font><font =
color=3Dblack><span
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
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face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'><a
href=3D"http://photos.yahoo.com/bc/katherinemalm/vwp?.dir=3D/CANSLIM&=
.dnm=3DASIA+011102.jpg&.src=3Dph&.done=3Dhttp%3a//photos.yahoo.co=
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le%2b123101.jpg%26.src=3Dph">http://photos.yahoo.com/bc/katherinemalm/vwp=
?.dir=3D/CANSLIM&.dnm=3DASIA+011102.jpg&.src=3Dph&.done=3Dhtt=
p%3a//photos.yahoo.com/bc/katherinemalm/vwp%3f.dir=3D/CANSLIM%26.dnm=3DUp=
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face=3D"Times New Roman"><span =
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/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Katherine</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
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color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'>-----
Original Message ----- </span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;background:#E4E4E4;border:none;mso-border-left-alt:so=
lid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>
<div style=3D'font-color:black'>From:</span></font></b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:pjwahl@attbi.com" title=3D"pjwahl@attbi.com">Patrick =
Wahl</a> </span></font></div>
<font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:
Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>=
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>To:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font><font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span=
></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Sent:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Friday, =
January 11,
2002 2:52 PM</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Subject:</span></font></b><font size=3D2 color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> RE:
[CANSLIM] ASIA?</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'><![if =
!supportEmptyParas]> <![endif]></span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'>I =
think we
went around about this subject a few months ago, but I would put a <br>
different interpretation on the chart. I think the 12/4 spike =
marked the
end of the <br>
right side of the cup, and the choppy sideways movement from that point
constitutes <br>
a handle. So buying on 12/4 was not the proper buy point.<br>
<br>
The more appropriate buy point would be the day in January where price =
gapped
up <br>
to close at about 20.90 or so. To me the formation of a handle =
part way
up a cup <br>
doesn't make sense. Handles form at logical sell points, and the =
logical
sell point is <br>
the resistance formed at the old high - the left side of the cup around =
end of
June, <br>
first of July. Without a sort of definite point like an old high, =
any
consolidation point <br>
along the way up the right side of the cup can be called a handle.<br>
<br>
Just my interpretation, I think during the discussion of this point a =
few
months ago I <br>
was in a decided minority (one, maybe). <br>
<br>
On 10 Jan 2002 at 23:30, Dave wrote:<br>
<br>
> In hindsight if I had been watching ASIA on 12/4 I probably would =
have<br>
> bought. If you consider 11/27 to be the start of a short handle, =
the pivot<br>
> would be 17.33 and the stock could have been bought up to 18.20. In =
this<br>
> case, you would still be in the stock.<br>
> <br>
> As for now, it's definitely a gamble. Personally I like the =
month-long<br>
> consolidation and the near record volume over the past few days, =
and think<br>
> that if the Nasdaq resumes its rally, there's a good chance ASIA =
will go<br>
> along for the ride.<br>
> <br>
> <br>
> > -----Original Message-----<br>
> > From: <a =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</a><br>
> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of =
esetser<br>
> > Sent: Thursday, January 10, 2002 11:51 PM<br>
> > To: <a =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
<br>
> > Subject: RE: [CANSLIM] ASIA?<br>
> ><br>
> ><br>
> > So you only consider cup with handles as true breakouts? =
I buy<br>
> > 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>
> > >I'm biased, but I prefer to see it as a high handle =
beginning<br>
> > on 12/6. The<br>
> > >volume that day was not so great, and there was no =
true<br>
> > handle, so I don't<br>
> > >consider it a true breakout.<br>
> > ><br>
> > >The handle beginning after that failure is nice and long =
and<br>
> > volume dried<br>
> > >up nicely towards the end. The volume on 1/6-1/7 was very =
high.<br>
> > ><br>
> > >Only time will tell the true story...<br>
> > ><br>
> > >> -----Original Message-----<br>
> > >> From: <a =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</a><br>
> > >> [mailto:owner-canslim@lists.xmission.com]On Behalf Of
esetser<br>
> > >> Sent: Thursday, January 10, 2002 11:25 PM<br>
> > >> To: <a =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
<br>
> > >> Subject: Re: [CANSLIM] ASIA?<br>
> > >><br>
> > >><br>
> > >> I read this one differently. I see ASIA as a =
stock
with a<br>
> > breakout to a<br>
> > >> new on 12/6. (And as a matter of fact, I bot it =
that
day.)<br>
> > >> That breakout<br>
> > >> became suspect as the stock corrected and closed near =
its<br>
> > low during the<br>
> > >> day, and went on to be a failed breakout for anyone =
buying<br>
> > in during the<br>
> > >> day. The action since then is short of the 5 =
weeks
minimum to<br>
> > >> define a new<br>
> > >> base, and is confusing in light of the new high it =
set.. I'm<br>
> > >> not sure where<br>
> > >> I would put a pivot on this one. The volume was
fabulous for 2<br>
> > >> days, but<br>
> > >> has remained almost as high for the last 2 day =
pullback, so
I<br>
> > >> would be very<br>
> > >> cautious.<br>
> > >><br>
> > >> At 04:58 PM 1/10/02 -0500, you wrote:<br>
> > >> >Hi,<br>
> > >> ><br>
> > >> >Just curious on comment about ASIA. Last =
few days
it looked<br>
> > >> to be breaking<br>
> > >> >out of a nice chart formation. Alas, it =
seems to
be<br>
> > breaking down or<br>
> > >> >allowing for another re-entry point. Any =
thoughts?<br>
> > >> ><br>
> > >> >Is this stock considered Canslim =
"worthy" even
though it has<br>
> > >> seen higher<br>
> > >> >days (ie. not breaking to new highs)?<br>
> > >> ><br>
> > >> >Thanks,<br>
> > >> >Erik<br>
> > >> >PS. Forgive me if this has been the topic of =
recent<br>
> > >> discussion. I just moved<br>
> > >> >and missed the last week of my Canslim Group =
emails.<br>
> > >> ><br>
> > >> >----- Original Message -----<br>
> > >> >From: "Mike Hofmann" <<a
href=3D"mailto:sfmcanslim@hotmail.com">sfmcanslim@hotmail.com</a>><br>=
> > >> >To: <<a =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
><br>
> > >> >Sent: Thursday, January 10, 2002 1:08 PM<br>
> > >> >Subject: Re: AW: [CANSLIM] DFXI<br>
> > >> ><br>
> > >> ><br>
> > >> >> ... and still more than you really wanted to =
know
about "kudos":<br>
> > >> >><br>
> > >> >> From a really cool site called "Take =
Our Word
For It"<br>
> > >> >> (<a =
href=3D"http://www.takeourword.com/">http://www.takeourword.com/</a>):<br=
>
> > >> >><br>
> > >> >> "Kudos is simply Greek for =
"praise".
It is thought to<br>
> > have entered<br>
> > >> >English<br>
> > >> >> as university slang. By 1799 we have a
back-formed verb<br>
> > kudize "to<br>
> > >> >praise",<br>
> > >> >> so kudos itself was probably in use prior to =
that,
though<br>
> > >> the first known<br>
> > >> >> recorded use of kudos comes from 1831.
Thereafter we find<br>
> > >> it used by the<br>
> > >> >> likes of Disraeli and Darwin. Darwin =
wrote,
in one of his<br>
> > >> letters: "Lyell<br>
> > >> >> has read about half of the volume in clean =
sheets,
and gives<br>
> > >> me very great<br>
> > >> >> kudos."<br>
> > >> >><br>
> > >> >> Pronunciation in Britain is =
"cue-doss"
while in America it<br>
> > >> is "koo-doze".<br>
> > >> >> As with many Greek words, -os indicates a =
singular
noun.<br>
> > Many people<br>
> > >> >assume<br>
> > >> >> kudos is the plural form, with the =
singular
being a<br>
> > kudo. They are<br>
> > >> >wrong.<br>
> > >> >> Just wrong.<br>
> > >> >><br>
> > >> >> There was once a computer operating system =
called
QDOS. Was<br>
> > >> it named by a<br>
> > >> >> Brit, so that it sounded like kudos, or is =
that
simply a<br>
> > >> coincidence?"<br>
> > >> >><br>
> > >> >> ... and there you have it.<br>
> > >> >><br>
> > >> >><br>
> > >> >> ----- Original Message -----<br>
> > >> >> From: "Warren Keuffel" <<a
href=3D"mailto:wkeuffel@xmission.com">wkeuffel@xmission.com</a>><br>
> > >> >> To: <<a =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
><br>
> > >> >> Sent: Wednesday, January 09, 2002 8:23 =
PM<br>
> > >> >> Subject: Re: AW: [CANSLIM] DFXI<br>
> > >> >><br>
> > >> >><br>
> > >> >> > Jumping in here for Mike -- =
"Kudos"
basically means<br>
> > >> "Congratulations".<br>
> > >> >> > However <ahem> I was =
curious about
the etymology of the word so<br>
> > >> >> > consulted my American Heritage =
dictionary
which defines it<br>
> > >> as "Acclaim<br>
> > >> >> > or prestige as a result of achievement =
or
position." But<br>
> > >> no guidance on<br>
> > >> >> > etymology, darn it. More than you =
wanted
to know, right? <g><br>
> > >> >> ><br>
> > >> >> > Warren<br>
> > >> >> ><br>
> > >> >> > Andreas Himmelreich wrote:<br>
> > >> >> ><br>
> > >> >> > >Sorry to ask Mike, what means =
Kudos?<br>
> > >> >> > ><br>
> > >> >> > ><br>
> > >> >> > >>-----Ursprungliche =
Nachricht-----<br>
> > >> >> > >>Von: Mike Gibbons
[SMTP:webmaster@cwhcharts.com]<br>
> > >> >> > >>Gesendet am: Wednesday, January =
09,
2002 7:08 PM<br>
> > >> >> > >>An: <a
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
<br>
> > >> >> > >>Betreff: RE: [CANSLIM] DFXI<br>
> > >> >> > >><br>
> > >> >> > >>Kudos to you, you should be =
feeling
pleased this morning<br>
> > >> and justly<br>
> > >> >so.<br>
> > >> >> > >><br>
> > >> >> > >>Aloha,<br>
> > >> >> > >><br>
> > >> >> > >>Mike Gibbons<br>
> > >> >> > >><br>
> > >> >> > >><br>
> > >> >> > >><br>
> > >> >> > >>-----Original Message-----<br>
> > >> >> > >>From: <a
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</a><br>
> > >> >> > =
>>[mailto:owner-canslim@lists.xmission.com]On
Behalf Of Dave<br>
> > >> >> > >>Sent: Wednesday, January 09, =
2002 5:29
AM<br>
> > >> >> > >>To: <a
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
<br>
> > >> >> > >>Subject: RE: [CANSLIM] DFXI<br>
> > >> >> > >><br>
> > >> >> > >><br>
> > >> >> > >>True, the handle was a bit =
sloppy but
for the most part<br>
> > >> volume in the<br>
> > >> >> > >>handle was below normal. It =
also made
a pretty nice ascending<br>
> > >> >triangle.<br>
> > >> >> > >><br>
> > >> >> > >>As for the action at the end of =
the
day, I think you're<br>
> > >> reading too<br>
> > >> >much<br>
> > >> >> > >>into it. The stock made a =
tremendous
surge on volume in<br>
> > >> the last half<br>
> > >> >> hour<br>
> > >> >> > >>of trading. It then pulled back =
on
lower volume but<br>
> > >> didn't undercut<br>
> > >> >that<br>
> > >> >> > >>"intraday breakout =
point".
It then found some new buyers<br>
> > >> at the very<br>
> > >> >end<br>
> > >> >> > >>of the session.<br>
> > >> >> > >><br>
> > >> >> > >>You can find flaws in any chart
formation. I've<br>
> > missed many huge<br>
> > >> >winners<br>
> > >> >> > >>by refusing to buy what I =
perceived as
a flawed handle,<br>
> > >> or by putting<br>
> > >> >> too<br>
> > >> >> > >>much weight on intraday =
analysis. Even
IBD will go on to<br>
> > >> call "perfect<br>
> > >> >> > >>cup-handle breakouts" on =
stocks
that have somewhat<br>
> > questionable<br>
> > >> >> > >>formations. I won't be =
surprised to
see DFXI mentioned<br>
> > >> tomorrow as a<br>
> > >> >> good<br>
> > >> >> > >>example.<br>
> > >> >> > >><br>
> > >> >> > >>Of course hindsight is 20/20.
Nevertheless I'm glad I<br>
> > >> bought yesterday<br>
> > >> >> :)<br>
> > >> >> > >><br>
> > >> >> > >><br>
> > >> >> > >>>>Yes it did but fell =
back below
it's high of the day. Also,<br>
> > >> >> > >>>><br>
> > >> >> > >>>action in the<br>
> > >> >> > >>><br>
> > >> >> > >>>>handle has been sloppy =
- - one
normally hopes to see price<br>
> > >> >> > >>>><br>
> > >> >> > >>>pullback on falling<br>
> > >> >> > >>><br>
> > >> >> > >>>>volume but in fact it's =
made a
couple of attempts to BO on<br>
> > >> >> > >>>><br>
> > >> >> > >>>above average<br>
> > >> >> > >>><br>
> > >> >> > >>>>volume since forming =
the pivot
on 12/10. I wouldn't<br>
> > >> rush in with an<br>
> > >> >> > >>>>overnight order!<br>
> > >> >> > >>>><br>
> > >> >> > >>>>Mike Gibbons<br>
> > >> >> > >>>><br>
> > >> >> > >><br>
> > >> >> > >>-<br>
> > >> >> > >>-To subscribe/unsubscribe, =
email
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> > >> >> > >>-"unsubscribe
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> > >> >> > >><br>
> > >> >> > >><br>
> > >> >> > >>-<br>
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> > >> ><br>
> > >> ><br>
> > >>
>_________________________________________________________<br>
> > >> >Do You Yahoo!?<br>
> > >> >Get your free @yahoo.com address at <a
href=3D"http://mail.yahoo.com">http://mail.yahoo.com</a><br>
> > >> ><br>
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