Go to Jeff Salisbury LWGate Home Page.From: "stock oper8or" <stockoper8or@hotmail.com>
Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
Date: Mon, 28 Jan 2002 06:17:38 +0000
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My take is that the answer to both of your muses is yes. This is a terrible market for leaders. And the loose action of this stock makes it suspect on its own. But despite both, it seems to want to hang in there. The best that could happen is for this chart to tighten up in price, dry up in volume, form a high handle in here, then break out for good. (But Santa Clause has been gone for a month now!) >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: Fri, 25 Jan 2002 08:17:42 -0600 > >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 ----- > From: stock oper8or > To: canslim@lists.xmission.com > 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 > of this stock's price and volume in addition to today's high volume >minor > reversal is a bit of a negative. It almost had an outside day (higher >high > and lower low than prior day) as well, but at least it did not close >near > its low. If it had, it would have been a signal to sell at least part >of > one's position. But as you say, as long as it holds that $32 support > 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 > >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 ----- > > 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, > >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 > >a > > real handle in the weekly chart. On the weekly of DFXI you can see >the > >wide > > action of the handle and it never really looked like a classic >handle, > >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 > >a > > perfect chart but was probably worth buying as it had such strong > >qualities > > other than the non-ideal price-volume action in the handle. While >it > >has > > given back all its gains plus a little bit, it is still holding >right in > >the > > pivot area. If it holds at the lows of the past 2 days, I would say >it > >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 > >much > > or more down volume as up volume coming up the right side and the >stock > >had > > multiple intraday reversals on above average volume. When it did >try to > > "break out" the volume barely exceeded average. This was definitely >not > >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 > >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: > http://photos.msn.com/support/worldwide.aspx > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". 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