Re: [CANSLIM] Worley's Weekend Weeview

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 30 Mar 2002 18:20:51 -0500

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Hi Charley,

Looking at it a second time suggests I should have looked at it a little =
longer the first time.

Weird pattern, you can call it a cup thru 3/4, followed by the handle =
thru 3/15, then a gap up on 1.5X ADV on 3/18. Or you can consider the =
gap up as completing the right side of the cup (but then with a high =
handle), followed by a drooping handle.

In the latter case, the rise over the past two days was on volume well =
under ADV.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----=20
From: Chazmoore@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Saturday, March 30, 2002 6:10 PM
Subject: Re: [CANSLIM] Worley's Weekend Weeview


Tom: Thanks for the Weekend Review. Much appreciated.=20

I was looking at ACS, trying to see the c/h formation, and it looks to =
me like it is busted. I see the right lip on March 4 at $52.22 after 7 =
weeks. The handle rises slightly then increases suddenly to $57.00 on =
March 18 on volume of 2.5 million.=20

To me it seems to be a short base and lacking the explosive breakout we =
look for.=20

Comments?  Charley=20

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<DIV><FONT face=3DArial>Hi Charley,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Looking at it a second time suggests I should =
have looked=20
at it a little longer the first time.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Weird pattern, you can call it a cup thru 3/4, =
followed by=20
the handle thru 3/15, then a gap up on 1.5X ADV on 3/18. Or you can =
consider the=20
gap up as completing the right side of the cup (but then with a high =
handle),=20
followed by a drooping handle.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>In the latter case, the rise over the past two =
days was on=20
volume well under ADV.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DChazmoore@aol.com =
href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Saturday, March 30, 2002 6:10 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Worley's Weekend Weeview</DIV></DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>Tom: Thanks =
for the=20
Weekend Review. Much appreciated. <BR><BR>I was looking at ACS, trying =
to see=20
the c/h formation, and it looks to me like it is busted. I see the right =
lip on=20
March 4 at $52.22 after 7 weeks. The handle rises slightly then =
increases=20
suddenly to $57.00 on March 18 on volume of 2.5 million. <BR><BR>To me =
it seems=20
to be a short base and lacking the explosive breakout we look for.=20
<BR><BR>Comments? &nbsp;Charley</FONT> </FONT></BODY></HTML>

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