Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] chbs
Date: Sat, 30 Mar 2002 22:29:43 EST
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Tom:
One also might add that it closed at the bottom of its range on Friday,
barely making it an "up" day. I don't know why it should be called a
breakout on Wednesday considering that volume was (in my opinion, as in
Tom's) so obviously lacking.
To me, it could be making another handle. Perhaps it will be a
base-on-base (as described in the AskWON archives for Thursday 3/28/02)-and
is just waiting for the market to get into gear before running up a real
breakout.
jans
In a message dated 3/28/2002 8:44:36 AM Eastern Standard Time,
stkguru@bellsouth.net writes:
<< short handle formed in the upper half of the cup, but well under the left
rim of 34.50, so there is still overhead resistance. Also, Wed's volume
failed to double the ADV.
Tom Worley >>
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