Re: [CANSLIM] Canslim Evaluation Tool

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Canslim Evaluation Tool
Date: Wed, 3 Apr 2002 16:08:21 EST

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Duke:

     I, also, am a big advocate of the RS-line.  But I believe it is only a 
secondary indicator (The day and week chart's price and volume should be the 
primary).  

     Moreover, I don't see RS going into new high ground.  It has gone higher 
than it was than-for instance-since December, but just because it has merely 
says to me that the stock isn't showing weakness.  It doesn't say to me that 
the stock is showing breakout strength (since graphically its price and the 
RS-line rise seem commensurate).

jans


In a message dated 4/3/2002 10:28:59 AM Eastern Standard Time, 
dukemill@tampabay.rr.com writes:

<< I looked at the charts pursuant to some earlier discussions about buying
 before the breakout.  On March 22, the AHMH RS line broke into new
 ground, and has risen since.  We often read in IBD about the RS line
 breaking into new ground, usually, when the stock hasn't hit its pivot
 yet.  And look at the three days around this event...all on huge volume.
 
 
 I'd be interested in others' feedback on this.  
  >>

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