Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
Date: Fri, 25 Jan 2002 08:17:42 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_02C3_01C1A578.C2721700 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi stockoper8or, When I wrote my note mid-day, DFXI had a tail. Looks like it ended = midrange after dropping a bit more after my note. Interesting action. I = suspect in a stronger market it would have been up and out of here by = now. I wonder if the zig zag handle that started it all was a sign of = market iffiness or a sign of stock iffiness. Just one for the "I wonder" = pile of thoughts! Katherine ----- Original Message -----=20 From: stock oper8or=20 To: canslim@lists.xmission.com=20 Sent: Friday, January 25, 2002 1:34 AM Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? Never heard a reversal called a tail before but I like it. The loose = action=20 of this stock's price and volume in addition to today's high volume = minor=20 reversal is a bit of a negative. It almost had an outside day (higher = high=20 and lower low than prior day) as well, but at least it did not close = near=20 its low. If it had, it would have been a signal to sell at least part = of=20 one's position. But as you say, as long as it holds that $32 support=20 area... >From: "Katherine Malm" <kmalm@earthlink.net> >Reply-To: canslim@lists.xmission.com >To: <canslim@lists.xmission.com> >Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? >Date: Thu, 24 Jan 2002 12:58:19 -0600 > >Thanks stockoper8or and Tom for your input. > >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=20 >pivot. Today, however, the action is forming the dreaded tail on = fairly=20 >high volume. Will be interesting to see how it plays out. > >Katherine > ----- Original Message ----- > From: stock oper8or > To: canslim@lists.xmission.com > 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 > preculde its purchase: There were 5 down days on above average = volume,=20 >the > pattern was wide and loose, never really formed a downward wedge = and the > volume did not really "dry up". One of the best indicators of a = chart's > quality is its weekly chart. I believe you want to see what looks = like=20 >a > real handle in the weekly chart. On the weekly of DFXI you can = see the=20 >wide > action of the handle and it never really looked like a classic = handle,=20 >but > more like a pennant or triangle. > > Neverthess the breakout was very strong, gapping out on more than = double > average daily volume. It could be argued that the strength of the = >breakout > outweighed the imperfect action in the handle. All in all, this = was not=20 >a > perfect chart but was probably worth buying as it had such strong=20 >qualities > other than the non-ideal price-volume action in the handle. While = it=20 >has > given back all its gains plus a little bit, it is still holding = right in=20 >the > pivot area. If it holds at the lows of the past 2 days, I would = say it=20 >is > worth holding. If I owned it (which I don't), I would put my stop = >pretty > close to those intraday lows. > > By comparison JEC (during October) was so wide and loose that even = >though > 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=20 >much > or more down volume as up volume coming up the right side and the = stock=20 >had > multiple intraday reversals on above average volume. When it did = try to > "break out" the volume barely exceeded average. This was = definitely not=20 >a > 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 > >article dated 12/17/01 used JEC as an example of a "zig-zag" = faulty=20 >handle. > >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. _________________________________________________________________ MSN Photos is the easiest way to share and print your photos:=20 http://photos.msn.com/support/worldwide.aspx - -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_02C3_01C1A578.C2721700 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>Hi stockoper8or,</DIV> <DIV> </DIV> <DIV>When I wrote my note mid-day, DFXI had a tail. Looks like it ended = midrange=20 after dropping a bit more after my note. Interesting action. I suspect = in a=20 stronger market it would have been up and out of here by now. I wonder = if the=20 zig zag handle that started it all was a sign of market iffiness or a = sign of=20 stock iffiness. Just one for the "I wonder" pile of thoughts!</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> Friday, January 25, 2002 = 1:34=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] DFXI vs. = JEC--Faulty handle?</DIV> <DIV><BR></DIV>Never heard a reversal called a tail before but I like=20 it. The loose action <BR>of this stock's price and volume in = addition to=20 today's high volume minor <BR>reversal is a bit of a negative. = It almost=20 had an outside day (higher high <BR>and lower low than prior day) as = well, but=20 at least it did not close near <BR>its low. If it had, it would = have=20 been a signal to sell at least part of <BR>one's position. But = as you=20 say, as long as it holds that $32 support = <BR>area...<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 Re: [CANSLIM] DFXI vs. JEC--Faulty handle?<BR>>Date: Thu, 24 Jan = 2002=20 12:58:19 -0600<BR>><BR>>Thanks stockoper8or and Tom for your=20 input.<BR>><BR>>I am watching DFXI with great interest as a = "case=20 study." The last couple <BR>>of days seemed to indicate strength as = the=20 stock bounced again off the <BR>>pivot. Today, however, the action = is=20 forming the dreaded tail on fairly <BR>>high volume. Will be = interesting to=20 see how it plays out.<BR>><BR>>Katherine<BR>> = - -----=20 Original Message -----<BR>> From: stock=20 oper8or<BR>> To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 Sent: Monday, January 21, 2002 6:34 PM<BR>> Subject: = Re:=20 [CANSLIM] DFXI vs. JEC--Faulty = handle?<BR>><BR>><BR>> I=20 thought DFXI looked somewhat sloppy in the handle but not enough=20 to<BR>> preculde its purchase: There were 5 down = days on=20 above average volume, <BR>>the<BR>> pattern was wide = and=20 loose, never really formed a downward wedge and = the<BR>> volume=20 did not really "dry up". One of the best indicators of a=20 chart's<BR>> quality is its weekly chart. I = believe you=20 want to see what looks like <BR>>a<BR>> real handle = in the=20 weekly chart. On the weekly of DFXI you can see the=20 <BR>>wide<BR>> action of the handle and it never = really=20 looked like a classic handle, <BR>>but<BR>> more = like a=20 pennant or triangle.<BR>><BR>> Neverthess the = breakout was=20 very strong, gapping out on more than double<BR>> = average daily=20 volume. It could be argued that the strength of the=20 <BR>>breakout<BR>> outweighed the imperfect action = in the=20 handle. All in all, this was not <BR>>a<BR>> = perfect=20 chart but was probably worth buying as it had such strong=20 <BR>>qualities<BR>> other than the non-ideal = price-volume=20 action in the handle. While it <BR>>has<BR>> = given=20 back all its gains plus a little bit, it is still holding right in=20 <BR>>the<BR>> pivot area. If it holds at the = lows of=20 the past 2 days, I would say it <BR>>is<BR>> worth=20 holding. If I owned it (which I don't), I would put my stop=20 <BR>>pretty<BR>> close to those intraday=20 lows.<BR>><BR>> By comparison JEC (during October) = was so=20 wide and loose that even <BR>>though<BR>> it's = "handle?" was=20 downward sloping and the volume did dry up from = Oct<BR>> 18-20,=20 the action was just not constructive whatsoever. There was as=20 <BR>>much<BR>> or more down volume as up volume = coming up=20 the right side and the stock <BR>>had<BR>> multiple = intraday=20 reversals on above average volume. When it did try=20 to<BR>> "break out" the volume barely exceeded = average. =20 This was definitely not <BR>>a<BR>> buy by any = stretch of=20 the imagination.<BR>><BR>><BR>> >From: = "Katherine=20 Malm" <<A=20 = href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>><BR>>&n= bsp; =20 >Reply-To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 >To: <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>> =20 >Subject: [CANSLIM] DFXI vs. JEC--Faulty = handle?<BR>> =20 >Date: Sun, 20 Jan 2002 07:50:53 -0600<BR>> =20 ><BR>> >DFXI's chart has been bothering me for = some time.=20 An Investor's Corner<BR>> >article dated 12/17/01 = used JEC=20 as an example of a "zig-zag" faulty = <BR>>handle.<BR>> =20 >What do you think, could DFXI have the same faulty=20 handle?<BR>> ><BR>> =20 >http://WallStreet-LLC.com/pub/DFXI_011802.jpg<BR>> =20 >http://WallStreet-LLC.com/pub/JEC_011802.jpg<BR>> =20 ><BR>> = >Katherine<BR>><BR>><BR>> =20 = _________________________________________________________________<BR>>= =20 Send and receive Hotmail on your mobile device: <A=20 = href=3D"http://mobile.msn.com">http://mobile.msn.com</A><BR>><BR>><= BR>> =20 -<BR>> -To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 -In the email body, write "subscribe canslim" or<BR>> =20 -"unsubscribe canslim". Do not use quotes in your=20 = email.<BR><BR><BR>_______________________________________________________= __________<BR>MSN=20 Photos is the easiest way to share and print your photos: <BR><A=20 = href=3D"http://photos.msn.com/support/worldwide.aspx">http://photos.msn.c= om/support/worldwide.aspx</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_02C3_01C1A578.C2721700-- - - - -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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