[CANSLIM] HTF

From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: [CANSLIM] HTF
Date: Mon, 25 Mar 2002 18:08:19 -0600

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The HTF (High Tight Flags)is one of the most elusive targets - we are
about 0 for 8 on perceived HTF's.  If anyone has additional insight on
tracking HTF's, please post.

Edward W. Gjertsen II, CFP
Vice President
Mack Investment Securities, Inc.
ed@macktracks.com


- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tim Fisher
Sent: Monday, March 25, 2002 5:39 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] "M"

An HTF that I was watching broke down in flames today. I do not buy
until 
the day after the B/O to a new high from the HTF since they are very
prone 
to failure.

At 06:04 PM 3/25/2002 -0500, you wrote:
>Ian:
>
>      It might be what WON characterizes as a high tight flag:
"Although the
>high, tight flag pattern is quite rare, it remains a valid (bullish)
base
>formation. The pattern begins with a stock that about doubles over four
to
>eight weeks, typically. Then it corrects no more than 10% or 20%,
usually
>over a three- to five-week period. This pattern, however, is very risky
and
>difficult to interpret correctly." (From IBD.com, Ask IBD).
>      To me it's too extended now to buy, however; see if the hi tight
flag
>pattern holds (ie, it retraces only 10-15%).  WON says that it is rare,
but
>this implies that it does occur.
>
>jans
>
>
>
>In a message dated 3/25/2002 12:08:07 PM Eastern Standard Time,
>ianstm@shaw.ca writes:
>
><< Tom:
>
>  My Marketocracy fund is hitting new highs almost daily. Lots of
strong
>  microcaps out there. But I admit that I'm feeling lucky I loaded up
on the
>  QGLY breakout on the 11'th at $4. It was a classic technical
breakout,
>  following a decent quarter. Annoyingly, in a brain-dead moment - I
failed to
>  actually buy any real shares for myself.
>
>  Anyone have an opinion on whether or not todays QGLY spike is just a
>  daytraders plaything, or will it catch strong institutional support?
>>

Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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