Re: [CANSLIM] Low handle

From: Davellil5@aol.com
Subject: Re: [CANSLIM] Low handle
Date: Fri, 5 Apr 2002 19:08:33 EST

Next Article (by Author): Re: [CANSLIM] Low handle Davellil5@aol.com
Previous Article (by Author): Re: [CANSLIM] more about M was DFXI Davellil5@aol.com
Top of Thread: RE: [CANSLIM] Low handle "Mike Gibbons"
Next in Thread: Re: [CANSLIM] Low handle Davellil5@aol.com
Articles sorted by: [Date] [Author] [Subject]

Hi, Katherine:

Thanks for reminding me about buying on a volume breakout above the midpoint 
of a W-formation.  

I noted with interest your comment on WON's remarks about breakouts from 
sound base-formations at prices more than 15% below the 52-week high -- in 
markets just emerging from recession.

During March, I found many more stocks approaching handles or breakouts from 
sound WON bases than I have been able to spot for the past two years, many of 
them more than 15% below their highs.  If my observation is right, this 
market is poised for a widespread up-thrust, once some of the psychological 
obstacles are overcome.  All the more reason to keep identifying the 
potential "exploders", and be "Johnny on the spot" when the time is right. 

Regards, Dave

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.