Go to Jeff Salisbury LWGate Home Page.From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] DYII Revisited--post analysis
Date: Thu, 17 Jan 2002 13:35:06 -0600
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Topping Tail Bars - TT (Tail or Wick UP)
Bars in which prices had been higher, then supply forced prices lower =
into the lower part of the bars range.
Pristine Tip: While there are different variations, the message is =
always the same ! Distribution has occurred!
Bottoming Tail Bars - BT (Tail or Wick DOWN)
Bars in which prices had been lower, then demand forced prices higher =
into the upper part of the bars range.
Pristine Tip: While there are different variations, the message is =
always the same ! Accumulation has occurred!
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Thursday, January 17, 2002 12:51 PM
Subject: Re: [CANSLIM] DYII Revisited--post analysis
Thanks, Bill.
There are more technical terms for what I call a tail. In candlestick =
analysis there is a name for a "tail up" and a "tail down" but I always =
forget their official names as I have no context for the terms. I tend =
to use more personal words to describe price action and it unfortunately =
doesn't always translate well. When I was a kid I used to chase and =
catch pollywogs....thus my use of the term "tail." Tail down...pollywog =
swimming south. Tail up....pollywog swimming north.
My personal favorite site for learning more about technical analysis =
is TradingMarkets.com. (excellent paid site-- =
http://www.tradingmarkets.com ) Another with good technical chart =
reading lessons (free) is StockCharts.com =
(http://stockcharts.com/education/index.html). For info on candlesticks =
(free)--- http://www.litwick.com
Katherine
PS... re "Btw, as I stare at my Jan 11, IBD Weekend Review my thoughts =
are: "Why is it
listed here?" Exactly the reason I do my own homework. Interestingly, =
the EPS/SMR/ROE numbers if used as a proxy for fundamental strength =
would have told you this was ok. The high RS implies some form of =
technical strength. BUT due diligence and good chart reading tell =
another story. I don't think WON would advocate buying into such a =
faulty pattern, so I understand why it showed up on the list, but would =
otherwise be a "pass."
----- Original Message -----=20
From: Bill Triffet=20
To: canslim@lists.xmission.com=20
Sent: Thursday, January 17, 2002 12:37 PM
Subject: Re: [CANSLIM] DYII Revisited--post analysis
Excellent analysis Katherine! The comment (2) about "short sellers =
at fault"
should have been a big red flag.
Excuse me if you've been asked this before here but your reference =
to
"tails" in this and other posts has poked my interest as a way to =
track
daily price moves. Is there a site or book you can recommend for =
study?
Btw, as I stare at my Jan 11, IBD Weekend Review my thoughts are: =
"Why is it
listed here?".
-Bill
----- Original Message -----
From: "Katherine Malm" <kmalm@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, January 17, 2002 9:30 AM
Subject: [CANSLIM] DYII Revisited--post analysis
DYII is a stock that came up for discussion on the list in early =
October.
This is a stock that crossed my radar, but at the time I passed due =
to the
poor chart action around 10/5. I have been watching it since and was
interested in what the chart might have said prior to the failure =
yesterday.
Here is what I saw that would have been sell signals for me:
(1) 10/5/01--tail...ominous end to attempted breakout of an 11-1/2 =
week
base. This is one of the reasons (along with due diligence) that I =
crossed
it off the list.
(2) 10/8/01--gap down just before earnings-Co. press release says =
"short
sellers at fault" That's the goofiest reasoning I've ever heard and =
was a
red flag that these guys don't know what they're doing. I never like =
a gap
down just before an earnings announcement. It's a big red flag. If =
it
happens, I'll generally wait for a bounce in the next day or 2 that =
begins
to reverse and will sell into strength.
(3) 11/26/01--Breakout from sloppy 7 wk base. So, let's say someone =
bought
on this breakout...let's see what comes next...
(4) 11/28/01--Reversal that closes below low of previous day just =
after
B/O---I would take at least 50% off the table on this sell rule.
(5) 12/10/01-12/12/01--3 days closing just at "pivot"--red =
flag....stock has
retraced to pivot, but not a sell rule in and of itself.
(6) 1/3/02--promising action on high volume--ok, this action is =
acceptable,
might be ok afterall...but still the red flags are there...more red =
flags
and this one should be out of the portfolio.
(7) 1/8/02-1/9/02--high volume with no progress for 2 days in a =
row---last
red flag in my book, if I'd held the last 50%, it would be gone =
here.
(8) 1/10/02--high volume tail that closes below low of previous =
day--if I'd
lost focus and missed the last sell, this would be the next sell =
signal.
(9) 1/14/02--gaps down on earnings day (earnings announced after =
market
close)--sell rule hit---if I'd lost focus and missed everything =
else...this
would be it.
(10) 1/15/02--bounces, but leaves a tail on close---last chance for =
the
exits, a little bounce while the bargain hunters move in. Sell.
(11) 1/16/02--resolution. 2:46 pm, just before market close, Herb =
Greenberg
article at theStreet.com points out possible accounting shenanigans =
and
goofy CEO/CFO nonresponse to income statement inquiries. If I'd =
missed
everything else and this plunged, an open protective stop set for
"catastrophic loss" would have caught this on the way down.
(12) 1/16/02--Company issues response to Greenberg article after =
market
close. I still can't figure out why a CFO couldn't have answered =
these
questions when they were asked. Maybe he learned accounting =
somewhere other
than the US and is still learning.
A chart with comments is posted at:
http://WallStreet-LLC.com/pub/DYII-PostAnal_011602.jpg
Katherine
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-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4912.300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DTimesNewRoman,BoldItalic color=3D#9a0000 size=3D4>
<P align=3Dleft><STRONG><EM>Topping Tail Bars - =
TT (Tail=20
or Wick UP)</EM></STRONG></P></FONT><FONT =
face=3DTimesNewRoman,BoldItalic=20
color=3D#000066>
<P align=3Dleft><STRONG><EM><FONT size=3D4>Bars in which prices had been =
higher,=20
then supply forced prices lower into the lower part of the bars=20
range.</FONT></EM></STRONG></P>
<P align=3Dleft><STRONG><EM><FONT size=3D4>Pristine Tip: While there are =
different=20
variations, the </FONT></EM></STRONG></FONT><STRONG><EM><FONT =
size=3D4><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#9a0000>message </FONT><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#000066>is </FONT><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#9a0000>always </FONT><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#000066>the same ! Distribution =
</FONT><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#9a0000>has occurred</FONT><FONT =
face=3DTimesNewRoman,BoldItalic =
color=3D#000066>!</FONT></FONT></EM></STRONG></P>
<P align=3Dleft><FONT face=3DTimesNewRoman,BoldItalic color=3D#000066=20
size=3D4></FONT> </P><FONT face=3DTimesNewRoman,BoldItalic =
color=3D#000066=20
size=3D6><FONT face=3DTimesNewRoman,BoldItalic color=3D#9a0000 size=3D4>
<P align=3Dleft><STRONG><EM>Bottoming Tail Bars - BT (Tail or Wick=20
DOWN)</EM></STRONG></P></FONT><FONT face=3DTimesNewRoman,BoldItalic =
color=3D#000066>
<P align=3Dleft><STRONG><EM><FONT size=3D4>Bars in which prices had been =
lower, then=20
demand forced prices higher into the upper part of the bars=20
range.</FONT></EM></STRONG></P>
<P align=3Dleft><STRONG><EM><FONT size=3D4>Pristine Tip: While there are =
different=20
variations, the </FONT></EM></STRONG></FONT><STRONG><EM><FONT =
size=3D4><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#9a0000>message </FONT><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#000066>is </FONT><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#9a0000>always </FONT><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#000066>the same ! Accumulation =
</FONT><FONT=20
face=3DTimesNewRoman,BoldItalic color=3D#9a0000>has occurred</FONT><FONT =
face=3DTimesNewRoman,BoldItalic =
color=3D#000066>!</FONT></FONT></EM></STRONG></P>
<P align=3Dleft><FONT face=3D"Comic Sans MS" color=3D#000000 =
size=3D3></FONT> </P>
<P align=3Dleft><EM><STRONG><FONT face=3DTimesNewRoman,BoldItalic =
color=3D#000066=20
size=3D6><FONT face=3D"Comic Sans MS" color=3D#000000=20
size=3D3></FONT> </P></FONT></STRONG></EM></FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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 17, =
2002 12:51=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] DYII=20
Revisited--post analysis</DIV>
<DIV><BR></DIV>
<DIV>Thanks, Bill.</DIV>
<DIV> </DIV>
<DIV>There are more technical terms for what I call a tail. In =
candlestick=20
analysis there is a name for a "tail up" and a "tail down" but I =
always forget=20
their official names as I have no context for the terms. I =
tend to=20
use more personal words to describe price action and it unfortunately =
doesn't=20
always translate well. When I was a kid I used to chase and catch=20
pollywogs....thus my use of the term "tail." Tail down...pollywog =
swimming=20
south. Tail up....pollywog swimming north.</DIV>
<DIV> </DIV>
<DIV>My personal favorite site for learning more about technical =
analysis is=20
TradingMarkets.com. (excellent paid site-- <A=20
=
href=3D"http://www.tradingmarkets.com">http://www.tradingmarkets.com</A> =
)=20
Another with good technical chart reading lessons (free) is =
StockCharts.com=20
(<A=20
=
href=3D"http://stockcharts.com/education/index.html">http://stockcharts.c=
om/education/index.html</A>).=20
For info on candlesticks (free)--- <A=20
href=3D"http://www.litwick.com">http://www.litwick.com</A></DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>PS... re "Btw, as I stare at my Jan 11, IBD Weekend Review my =
thoughts=20
are: "Why is it<BR>listed here?" Exactly the reason I do my own =
homework.=20
Interestingly, the EPS/SMR/ROE numbers if used as a proxy for =
fundamental=20
strength would have told you this was ok. The high RS implies some =
form of=20
technical strength. BUT due diligence and good chart reading tell =
another=20
story. I don't think WON would advocate buying into such a faulty =
pattern, so=20
I understand why it showed up on the list, but would otherwise be a=20
"pass."</DIV>
<DIV> </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=3Dbtriffet@earthlink.net =
href=3D"mailto:btriffet@earthlink.net">Bill=20
Triffet</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, January 17, =
2002 12:37=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] DYII=20
Revisited--post analysis</DIV>
<DIV><BR></DIV>Excellent analysis Katherine! The comment (2) about =
"short=20
sellers at fault"<BR>should have been a big red flag.<BR>Excuse me =
if you've=20
been asked this before here but your reference to<BR>"tails" in this =
and=20
other posts has poked my interest as a way to track<BR>daily price =
moves. Is=20
there a site or book you can recommend for study?<BR><BR>Btw, as I =
stare at=20
my Jan 11, IBD Weekend Review my thoughts are: "Why is it<BR>listed=20
here?".<BR><BR><BR>-Bill<BR>----- Original Message -----<BR>From: =
"Katherine=20
Malm" <<A=20
=
href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>><BR>To: =
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>Sent:=20
Thursday, January 17, 2002 9:30 AM<BR>Subject: [CANSLIM] DYII=20
Revisited--post analysis<BR><BR><BR>DYII is a stock that came up for =
discussion on the list in early October.<BR>This is a stock that =
crossed my=20
radar, but at the time I passed due to the<BR>poor chart action =
around 10/5.=20
I have been watching it since and was<BR>interested in what the =
chart might=20
have said prior to the failure yesterday.<BR>Here is what I saw that =
would=20
have been sell signals for me:<BR><BR>(1) 10/5/01--tail...ominous =
end to=20
attempted breakout of an 11-1/2 week<BR>base. This is one of the =
reasons=20
(along with due diligence) that I crossed<BR>it off the list.<BR>(2) =
10/8/01--gap down just before earnings-Co. press release says=20
"short<BR>sellers at fault" That's the goofiest reasoning I've ever =
heard=20
and was a<BR>red flag that these guys don't know what they're doing. =
I never=20
like a gap<BR>down just before an earnings announcement. It's a big =
red=20
flag. If it<BR>happens, I'll generally wait for a bounce in the next =
day or=20
2 that begins<BR>to reverse and will sell into strength.<BR>(3)=20
11/26/01--Breakout from sloppy 7 wk base. So, let's say someone =
bought<BR>on=20
this breakout...let's see what comes next...<BR>(4) =
11/28/01--Reversal that=20
closes below low of previous day just after<BR>B/O---I would take at =
least=20
50% off the table on this sell rule.<BR>(5) 12/10/01-12/12/01--3 =
days=20
closing just at "pivot"--red flag....stock has<BR>retraced to pivot, =
but not=20
a sell rule in and of itself.<BR>(6) 1/3/02--promising action on =
high=20
volume--ok, this action is acceptable,<BR>might be ok afterall...but =
still=20
the red flags are there...more red flags<BR>and this one should be =
out of=20
the portfolio.<BR>(7) 1/8/02-1/9/02--high volume with no progress =
for 2 days=20
in a row---last<BR>red flag in my book, if I'd held the last 50%, it =
would=20
be gone here.<BR>(8) 1/10/02--high volume tail that closes below low =
of=20
previous day--if I'd<BR>lost focus and missed the last sell, this =
would be=20
the next sell signal.<BR>(9) 1/14/02--gaps down on earnings day =
(earnings=20
announced after market<BR>close)--sell rule hit---if I'd lost focus =
and=20
missed everything else...this<BR>would be it.<BR>(10) =
1/15/02--bounces, but=20
leaves a tail on close---last chance for the<BR>exits, a little =
bounce while=20
the bargain hunters move in. Sell.<BR>(11) 1/16/02--resolution. 2:46 =
pm,=20
just before market close, Herb Greenberg<BR>article at theStreet.com =
points=20
out possible accounting shenanigans and<BR>goofy CEO/CFO nonresponse =
to=20
income statement inquiries. If I'd missed<BR>everything else and =
this=20
plunged, an open protective stop set for<BR>"catastrophic loss" =
would have=20
caught this on the way down.<BR>(12) 1/16/02--Company issues =
response to=20
Greenberg article after market<BR>close. I still can't figure out =
why a CFO=20
couldn't have answered these<BR>questions when they were asked. =
Maybe he=20
learned accounting somewhere other<BR>than the US and is still=20
learning.<BR><BR>A chart with comments is posted at:<BR><A=20
=
href=3D"http://WallStreet-LLC.com/pub/DYII-PostAnal_011602.jpg">http://Wa=
llStreet-LLC.com/pub/DYII-PostAnal_011602.jpg</A><BR><BR>Katherine<BR><BR=
><BR><BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Author): Re: [CANSLIM] DYII Revisited--post analysis Gyorgy Veszpremi
Next in Thread: Re: [CANSLIM] DYII Revisited--post analysis Gyorgy Veszpremi
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