Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
Date: Thu, 24 Jan 2002 12:58:19 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_00AC_01C1A4D6.CBE00F60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks stockoper8or and Tom for your input. I am watching DFXI with great interest as a "case study." The last = couple of days seemed to indicate strength as the stock bounced again = off the pivot. Today, however, the action is forming the dreaded tail on = fairly high volume. Will be interesting to see how it plays out. Katherine ----- Original Message -----=20 From: stock oper8or=20 To: canslim@lists.xmission.com=20 Sent: Monday, January 21, 2002 6:34 PM Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? I thought DFXI looked somewhat sloppy in the handle but not enough to=20 preculde its purchase: There were 5 down days on above average = volume, the=20 pattern was wide and loose, never really formed a downward wedge and = the=20 volume did not really "dry up". One of the best indicators of a = chart's=20 quality is its weekly chart. I believe you want to see what looks = like a=20 real handle in the weekly chart. On the weekly of DFXI you can see = the wide=20 action of the handle and it never really looked like a classic handle, = but=20 more like a pennant or triangle. Neverthess the breakout was very strong, gapping out on more than = double=20 average daily volume. It could be argued that the strength of the = breakout=20 outweighed the imperfect action in the handle. All in all, this was = not a=20 perfect chart but was probably worth buying as it had such strong = qualities=20 other than the non-ideal price-volume action in the handle. While it = has=20 given back all its gains plus a little bit, it is still holding right = in the=20 pivot area. If it holds at the lows of the past 2 days, I would say = it is=20 worth holding. If I owned it (which I don't), I would put my stop = pretty=20 close to those intraday lows. By comparison JEC (during October) was so wide and loose that even = though=20 it's "handle?" was downward sloping and the volume did dry up from Oct = 18-20, the action was just not constructive whatsoever. There was as = much=20 or more down volume as up volume coming up the right side and the = stock had=20 multiple intraday reversals on above average volume. When it did try = to=20 "break out" the volume barely exceeded average. This was definitely = not a=20 buy by any stretch of the imagination. >From: "Katherine Malm" <kmalm@earthlink.net> >Reply-To: canslim@lists.xmission.com >To: <canslim@lists.xmission.com> >Subject: [CANSLIM] DFXI vs. JEC--Faulty handle? >Date: Sun, 20 Jan 2002 07:50:53 -0600 > >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? > >http://WallStreet-LLC.com/pub/DFXI_011802.jpg >http://WallStreet-LLC.com/pub/JEC_011802.jpg > >Katherine _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_00AC_01C1A4D6.CBE00F60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!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 5.50.4611.1300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Thanks stockoper8or and Tom for your input.</DIV> <DIV> </DIV> <DIV>I am watching DFXI with great interest as a "case study." The last = couple=20 of days seemed to indicate strength as the stock bounced again off the = pivot.=20 Today, however, the action is forming the dreaded tail on fairly high = volume.=20 Will be interesting to see how it plays out.</DIV> <DIV> </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=3Dstockoper8or@hotmail.com = href=3D"mailto:stockoper8or@hotmail.com">stock=20 oper8or</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> Monday, January 21, 2002 = 6:34=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] DFXI vs. = JEC--Faulty handle?</DIV> <DIV><BR></DIV>I thought DFXI looked somewhat sloppy in the handle but = not=20 enough to <BR>preculde its purchase: There were 5 down days on = above=20 average volume, the <BR>pattern was wide and loose, never really = formed a=20 downward wedge and the <BR>volume did not really "dry up". One = of the=20 best indicators of a chart's <BR>quality is its weekly chart. I = believe=20 you want to see what looks like a <BR>real handle in the weekly = chart. =20 On the weekly of DFXI you can see the wide <BR>action of the handle = and it=20 never really looked like a classic handle, but <BR>more like a pennant = or=20 triangle.<BR><BR>Neverthess the breakout was very strong, gapping out = on more=20 than double <BR>average daily volume. It could be argued that = the=20 strength of the breakout <BR>outweighed the imperfect action in the=20 handle. All in all, this was not a <BR>perfect chart but was = probably=20 worth buying as it had such strong qualities <BR>other than the = non-ideal=20 price-volume action in the handle. While it has <BR>given back = all its=20 gains plus a little bit, it is still holding right in the <BR>pivot=20 area. If it holds at the lows of the past 2 days, I would say it = is=20 <BR>worth holding. If I owned it (which I don't), I would put my = stop=20 pretty <BR>close to those intraday lows.<BR><BR>By comparison JEC = (during=20 October) was so wide and loose that even though <BR>it's "handle?" was = downward sloping and the volume did dry up from Oct <BR>18-20, the = action was=20 just not constructive whatsoever. There was as much <BR>or more = down=20 volume as up volume coming up the right side and the stock had = <BR>multiple=20 intraday reversals on above average volume. When it did try to=20 <BR>"break out" the volume barely exceeded average. This was = definitely=20 not a <BR>buy by any stretch of the imagination.<BR><BR><BR>>From:=20 "Katherine Malm" <<A=20 = href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>><BR>>Re= ply-To:=20 <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>To:=20 <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>>Subject:=20 [CANSLIM] DFXI vs. JEC--Faulty handle?<BR>>Date: Sun, 20 Jan 2002 = 07:50:53=20 -0600<BR>><BR>>DFXI's chart has been bothering me for some time. = An=20 Investor's Corner <BR>>article dated 12/17/01 used JEC as an = example of a=20 "zig-zag" faulty handle. <BR>>What do you think, could DFXI have = the same=20 faulty=20 = handle?<BR>><BR>>http://WallStreet-LLC.com/pub/DFXI_011802.jpg<BR>&= gt;http://WallStreet-LLC.com/pub/JEC_011802.jpg<BR>><BR>>Katherine<= BR><BR><BR>______________________________________________________________= ___<BR>Send=20 and receive Hotmail on your mobile device: <A=20 = href=3D"http://mobile.msn.com">http://mobile.msn.com</A><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></BODY></HTML> - ------=_NextPart_000_00AC_01C1A4D6.CBE00F60-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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