Re: [CANSLIM] HTRN

From: Spencer48@aol.com
Subject: Re: [CANSLIM] HTRN
Date: Thu, 25 Jul 2002 17:20:15 EDT

Next Article (by Subject): [CANSLIM] short selling "Patrick Wahl"
Previous Article (by Subject): Re: [CANSLIM] HTRN "Patrick Wahl"
Top of Thread: Re: [CANSLIM] HTRN "Patrick Wahl"
Articles sorted by: [Date] [Author] [Subject]

Mike:

     I think Katherine has hit it.  Of course, HTRN was clawed by the bear=20
Market-but I see the question as:  Could HTRN's downfall been forecast based=
=20
on its individual chart.  I was wondering where Katherine came up with her=20
"churning" comment, but looking at the chart more closely one sees that the=20
CLOSINGS from 6/24-7/1 were only 77=A2 apart.  Thus, while the range may hav=
e=20
been relatively wide, the closes on very high volume indicated that HTRN jus=
t=20
didn't have the strength to fight the bear any longer.

     Also, observe that on 7/12 and 7/13, while HTRN was trying to rise=20
again, it was doing so on around 50% ADV (and also less volume than the=20
preceding down days).  Furthermore, the 2 down days before the plummet below=
=20
the 50 DMA was on higher volume than the preceding up days.

     I believe, because of its high RS rating and its strong divergence in=20
its RS line, that HTRN will be one of the stocks that, as Katherine puts it=20
so sunnily, "...when Mr. M shines again", will take off-and we will see=20
HTRN's recent plunge as being the left down-side of a C&H.

jans



In a message dated 7/24/2002 6:16:02 PM Eastern Daylight Time,=20
kmalm@earthlink.net writes:

<< look at the actual price/volume pattern of HTRN. Essentially churning at=20
the highs for 4 or 5 days in late June (beginning around 6/24). That's a big=
=20
warning sign >>

- -
- -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.