Re: [CANSLIM] Opinions on KKD 2?

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Opinions on KKD 2?
Date: Sun, 13 Jan 2002 15:49:20 EST

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Rolf: 
  
     After sending my most recent "Opinions on KKD" I looked back at the 
Investors Corner article (because it was really bothering me how IBD could 
say-on the one hand-to watch out for stocks with late stage bases, and-on the 
other hand-to tout stocks which break-out from C&H patterns (because, as I 
saw it, many of the stocks that form this pattern must have LLUR's on their 
right legs-which makes each one suspect if they go into normal corrections or 
retracements).

     However, as I said, I re-read Investors Corner.  I believe the 
significant point is that Investors Corner says that "...A stock need rise 
only 25% or more from its PIVOT to trigger a new-stage base above it."  On 
its first two bases KKD never got up to the 25% point.  KKD rose, 
respectively, from it PP in the 1st and 2nd stage bases: 5% and 15%.  
Therefore, my entire analysis of KKD in my original E-mail is wrong.  There 
has not been any late stage bases in KKD yet (during the right leg's up in 
this C&H formation).  KKD won't get to the 25% cut off point until it reaches 
approximately 50 (as I see it, the right lip was 10/23 at 39.9).

     So, as I see it, there have been bases (aka.-in my view-corrections and 
retracements), but there HAVE NOT been any late stage bases!

jans


In a message dated 1/13/2002 8:44:39 AM Eastern Standard Time, 
rolfh@mindspring.com writes:

<< For my edification, could you tell me the period in which you see the 3
 bases?
 Depending on whether I look at 6 month, 1 year, or 2 year charts, I see
 a variety of what I might call a base, some sloppy, some not.
 
 Thanks!
   Rolf
  >>

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