Re: [CANSLIM] DCOM - B/O rules

From: Jack Tencza <jtenz@yahoo.com>
Subject: Re: [CANSLIM] DCOM - B/O rules
Date: Wed, 31 Jul 2002 06:27:20 -0700 (PDT)
Next Article (by Author): Re: [CANSLIM] DCOM - B/O rules Jack Tencza
Previous Article (by Author): RE: [CANSLIM] Charts "David Taggart"
Next in Thread: Re: [CANSLIM] DCOM - B/O rules Jack Tencza
Articles sorted by: [Date] [Author] [Subject]
Thanks Katherine for the chart and all your
"outstanding" contributions to this site. Thanks Ann
for the clarification question. I was sitting here
looking at Katherine's markings on the chart and was
hoping it was a simple transposition error. 

Jack
- --- Katherine Malm <kmalm@earthlink.net> wrote:
> You're right, Ann. Simply a typo on my part. I'll
> correct the chart notations and reupload it.
> 
> Katherine
>   ----- Original Message ----- 
>   From: Ann 
>   To: canslim@lists.xmission.com 
>   Sent: Wednesday, July 31, 2002 7:52 AM
>   Subject: Re: [CANSLIM] DCOM - B/O rules
> 
> 
>   Why isn't the pivot 26.00 (.10 above the midpoint
> of 25.90)?
> 
>     ----- Original Message ----- 
>     From: Katherine Malm 
>     To: canslim@lists.xmission.com 
>     Sent: Wednesday, July 31, 2002 8:01 AM
>     Subject: Re: [CANSLIM] DCOM - B/O rules
> 
> 
>     Hi Jack,
> 
>     I've uploaded a marked chart showing the pivot
> point. Give it a couple of minutes before you try
> the link as it'll take the 'bot a little time to
> recognize the file.
> 
>     http://WallStreet-LLC.com/canslim/DCOM073002.jpg
> 
> 
>     Katherine
>       ----- Original Message ----- 
>       From: Jack Tencza 
>       To: canslim@lists.xmission.com 
>       Sent: Wednesday, July 31, 2002 6:45 AM
>       Subject: Re: [CANSLIM] DCOM - B/O rules
> 
> 
>       Tom,did you mean to reply with your previous
> reply?
> 
>       I too am a little fuzzy on what the the pivot
> point is
>       with DCOM. The midpoint between the two dips
> seems to
>       be 25.90 with the pivot being .10 above? Would
>       appreciate some help from someone?
> 
>       Many thanks.
> 
> 
> 
>       --- Tom Worley <stkguru@bellsouth.net> wrote:
>       > 7/10/02
>       > 
>       > ----- Original Message ----- 
>       > From: "Jack Tencza" <jtenz@yahoo.com>
>       > To: <canslim@lists.xmission.com>
>       > Sent: Wednesday, July 31, 2002 7:29 AM
>       > Subject: Re: [CANSLIM] DCOM - B/O rules
>       > 
>       > 
>       > Tom, what date are you using for midpoint
> between
>       > the
>       > two dips with DCOM? Thanks
>       > --- Tom Worley <stkguru@bellsouth.net>
> wrote:
>       > > I have to agree with IBD on this one,
> Mike.  No
>       > cup
>       > > & handle, definitely would call this a
> double
>       > > bottom.  Keep in mind with a double bottom
> that
>       > you
>       > > don't want two dips of equal depth, rather
> you
>       > want
>       > > the second one undercutting the first.
> Same with a
>       > > triple bottom. In this case, the second
> dip
>       > reached
>       > > its bottom on a reversal day and closed
> up.
>       > However
>       > > volume was not that impressive.
>       > > 
>       > > An aggressive investor (and would take one
> in this
>       > > market) could have bought on 7/29, as it
> did trade
>       > > over the high of the high of the center
> point of
>       > the
>       > > "W" (but only by 4 cents, and volume not
>       > > impressive). But yesterday's volume and
> price
>       > > movement would mark this in my books as a
> b/o from
>       > a
>       > > double bottom.
>       > > 
>       > > ----- Original Message ----- 
>       > > From: Katherine Malm 
>       > > To: canslim@lists.xmission.com 
>       > > Sent: Wednesday, July 31, 2002 6:47 AM
>       > > Subject: Re: [CANSLIM] DCOM - B/O rules
>       > > 
>       > > 
>       > > Hi Mike,
>       > > 
>       > > Here's a quote from today's "Big Picture"
>       > > Dime Community Bancshares (DCOM), which
> was
>       > > highlighted in Monday evening's WebLink,
> broke out
>       > > of a 10-week, double-bottom base. The
> stock
>       > climbed
>       > > 1.46 to 26.90 on more than four times
> normal
>       > volume.
>       > > 
>       > > Katherine
>       > > 
>       > >   ----- Original Message ----- 
>       > >   From: Mike Gibbons 
>       > >   To: canslim@lists.xmission.com 
>       > >   Sent: Tuesday, July 30, 2002 11:37 PM
>       > >   Subject: RE: [CANSLIM] DCOM - B/O rules
>       > > 
>       > > 
>       > >   I see it more as a cup-with-handle (but
> when the
>       > > only tool you have is a hammer, everything
> looks
>       > > like a nail!) because the two dips were
> not of
>       > equal
>       > > depth, but I'm not sure what the tolerance
> limits
>       > > are.
>       > > 
>       > >   However, as a CwH it formed a pivot at
> $25.90 on
>       > > 7/10. It then went on to dip to a low of
> $20.20 in
>       > > the handle, which was a 22% drop. WON says
> that a
>       > > stock should only correct by at most 15%
> in the
>       > > handle (although there are inconsistent
> statements
>       > > on this) so it didn't qualify as a CwH
> either (but
>       > > then virtually nothing has in the last
> couple of
>       > > weeks). Nevertheless, todays breakout was
> very
>       > > strong and could be buyable up to $27.12
> (5% above
>       > > pivot).
>       > > 
>       > >   Aloha,
>       > > 
>       > >   Mike Gibbons
>       > >   Proactive Technologies, LLC
>       > >   http://www.proactech.com
>       > >     -----Original Message-----
>       > >     From: owner-canslim@lists.xmission.com
>       > >
> [mailto:owner-canslim@lists.xmission.com]On Behalf
>       > > Of Katherine Malm
>       > >     Sent: Tuesday, July 30, 2002 2:46 PM
>       > >     To: canslim@lists.xmission.com
>       > >     Subject: Re: [CANSLIM] DCOM - B/O
> rules
>       > > 
>       > > 
>       > >     Hi Victor,
>       > > 
>       > >     I'll leave the specific analysis of
> the DCOM
>       > > chart to somebody else, but in the
> meantime,
>       > here's
>       > > something to get you started:
>       > > 
>       > >           Question 
>       > >             Can a double-bottom base have
> a
>       > handle,
>       > > or is it just the start of another base? 
>       > >          
>       > >             Answer 
>       > >             In a double-bottom base, the
> pivot
>       > (buy)
> 
=== message truncated ===


=====
Jack

__________________________________________________
Do You Yahoo!?
Yahoo! Health - Feel better, live better
http://health.yahoo.com

- -
- -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.