Re: [CANSLIM] DFXI vs. JEC--Faulty handle?

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
Date: Mon, 21 Jan 2002 15:52:28 -0500
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Hi Katherine,

I have trouble calling the handle on either one of these "faulty", =
despite the wisdom of IBD.

On JEC, the only flaw I see is that there never was a b/o on at least 2X =
ADV. In fact, it was moving past the pivot on little more than ADV. You =
have to go all the way out to 12/12 and 12/13, when it dropped over =
$2.50, then rose again by as much, to find heavy volume.

On DFXI, you got nearly 2X ADV volume on 1/8, and well over that as it =
crossed the pivot on 1/9. Since it still has not fallen below the pivot =
(at least not where a trailing stop loss would have taken most out), I =
don't consider this yet to be a failed pattern, thus in my definition, =
nothing faulty about the handle.

Tom Worley
stkguru@netside.net
AIM: TexWorley
  ----- Original Message -----=20
  From: Katherine Malm=20
  To: canslim@lists.xmission.com=20
  Sent: Sunday, January 20, 2002 8:50 AM
  Subject: [CANSLIM] DFXI vs. JEC--Faulty handle?


  DFXI's chart has been bothering me for some time. An Investor's Corner =
article dated 12/17/01 used JEC as an example of a "zig-zag" faulty =
handle. What do you think, could DFXI have the same faulty handle?=20

  http://WallStreet-LLC.com/pub/DFXI_011802.jpg
  http://WallStreet-LLC.com/pub/JEC_011802.jpg

  Katherine

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<DIV><FONT face=3DArial>Hi Katherine,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>I have trouble calling the handle on either one =
of these=20
"faulty", despite the wisdom of IBD.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>On JEC, the only flaw I see is that there never =
was a b/o=20
on at least 2X ADV. In fact, it was moving past the pivot on little more =
than=20
ADV. You have to go all the way out to 12/12 and 12/13, when it dropped =
over=20
$2.50, then rose again by as much, to find heavy volume.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>On DFXI, you got nearly 2X ADV volume on 1/8, =
and well=20
over that as it crossed the pivot on 1/9. Since it still has not fallen =
below=20
the pivot (at least not where a trailing stop loss would have taken most =
out), I=20
don't consider this yet to be a failed pattern, thus in my definition, =
nothing=20
faulty about the handle.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</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> Sunday, January 20, 2002 =
8:50=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] DFXI vs. =
JEC--Faulty=20
  handle?</DIV>
  <DIV><BR></DIV>
  <DIV>DFXI's chart has been bothering me for some time. An Investor's =
Corner=20
  article dated 12/17/01 used JEC as an example of a "zig-zag" faulty =
handle.=20
  What do you think, could DFXI have the same faulty handle? </DIV>
  <DIV>&nbsp;</DIV>
  <DIV><A=20
  =
href=3D"http://WallStreet-LLC.com/pub/DFXI_011802.jpg">http://WallStreet-=
LLC.com/pub/DFXI_011802.jpg</A></DIV>
  <DIV><A=20
  =
href=3D"http://WallStreet-LLC.com/pub/JEC_011802.jpg">http://WallStreet-L=
LC.com/pub/JEC_011802.jpg</A></DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Katherine</DIV></BLOCKQUOTE></BODY></HTML>

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