Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] ACMR - Investors.com weblink???
Date: Sat, 20 Jul 2002 12:02:44 -0400
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Bill, I tend to agree with you, I expect a "base" to have a horizontal component more than a vertical one. I would tend to call this a correction, or a consolidation of recent gains, and that it was done on light volume would be encouraging. Then again, a healthy correction or consolidation is a type of basing pattern in a larger pattern. - ----- Original Message ----- From: "Bill Triffet" <btriffet@earthlink.net> To: <canslim@lists.xmission.com> Sent: Friday, July 19, 2002 11:52 AM Subject: Re: [CANSLIM] ACMR - Investors.com weblink??? Tom, Sorry, I wasn't more clear. The period I was referring to was the Aug - Sept period referred to as a "2nd stage base" on the IBD weblink chart. Take a look at: http://www.investors.com/weblink/weblinkarch01.asp (it's a non-subscriber area). I was just having a hard time calling that period a "base". It's rather steep though like you'll see, low volume. - -Bill - ----- Original Message ----- From: "Tom Worley" <stkguru@bellsouth.net> To: <canslim@lists.xmission.com> Sent: Thursday, July 18, 2002 8:48 PM Subject: Re: [CANSLIM] ACMR - Investors.com weblink??? > Bill, you don't mention what the period is that is being used, but if it is > the past six trading days, the steepness of that decline to me is a "cliff", > not a handle. My very loose definition of a "handle" still requires some > kind of horizontal orientation, rather than a near vertical pitch. And > volume for the past six days was at or over ADV every day, and down on price > each day as well. > > I would have expected at least some logical support just under 40, it went > right thru that support area without hesitation, that's a weak signal in my > book. > > ----- Original Message ----- > From: "Bill Triffet" <btriffet@earthlink.net> > To: "canslim" <canslim@lists.xmission.com> > Sent: Thursday, July 18, 2002 6:49 PM > Subject: [CANSLIM] ACMR - Investors.com weblink??? > > > Anyone catch the Investors.com weblink? http://www.investors.com/weblink/ > It's describing the action of ACMR. Now, look at what they define as a > "second stage base" > Yes, volume dried up for that period but look at the price swing - an over > 20% decline from the previous high to the intraday low. I wouldn't have > considered that a base at all. I guess the lack of volume is the key to > interpreting that base? Perhaps I need to also consider the previous 79% > gains based on the breakout from the first stage? > > Bill Triffet > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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