Re: [CANSLIM] Sometimes even the Pros don't know


From: "Donald Wallker" <dougald@dmv.com>
Subject: Re: [CANSLIM] Sometimes even the Pros don't know
Date: Sat, 3 Aug 2002 13:08:10 -0400

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There isn't much doubt that sometimes the Pro's don't know.  In the IBD =
of Friday, Aug.2, on page B8 in Col.1,  there is a Article that hypes =
the Shares of University of Phoenix Online (UOPX). "It found support at =
its 200-day line this week.  Look for it to log some high-volume weeks =
at it climbs the right side of its base.  The online educator's =
fundamental's excel.'" And so on about huge percentage growths in =
Profits, sales and ROI.  I initially reviewed the IBD Ratings and found =
them to be 99, 60I, D, A and B minus and questioned the Article's  =
generalized sttement that the "fundamentals excel." Then, upon reviewing =
the IBD Chart I realized that the Article was probably written on =
Thursday, before the close of the market, for  publication on Friday. it =
being  noted that the stock fell $0.38 below its 200 day line that day.  =
Then, on Friday, the day of publication, the stock fell an additional =
$1.28. for a total of $1.66 or substantially %6.3 from the close shown =
in the NASDAQ Chart accompaning the Article. So, it looks like this =
stock is in for either a "W"  or "Lazy W " shaped base after all.  In =
any event it surely doesn't look like its finished with it's base.  =
Would sombody else please comment about the base (if any ) formed by =
UOPX.----  Donald =20
  ----- Original Message -----=20
  From: John Calkins=20
  To: canslim@lists.xmission.com=20
  Sent: Saturday, August 03, 2002 10:30 AM
  Subject: Re: [CANSLIM] Sometimes even the Pros don't know


  Scott,

  I would have to agree with your failing base on base pattern.

  Katherine, would it be better to consider staying with the classic =
double bottom than trying to interpret a new lazy W pattern?  Doesn't =
this relate to how WON developed the CWH?  Didn't He, Livermore and =
others already explore these regions and shouldn't we learn from them, =
or do we always question their results.  I realize that we need to learn =
from each other how to interpret these patterns.  It's like trying to =
explore too far off the beaten path,  like a child getting too close to =
the crumbling edge or using a 10% stop rule instead of an 8%.  Is a lazy =
W too close to the crumbling edge especially in this market?  We are =
told that these patterns are useful in a bull market.  The bear pops up =
on Thursday and Friday, then a pattern seems to fail and again reminds =
us to get back on the path..  Again and again, the closer I stay to the =
classic patterns, the less I am inclined to get into this market.  =
CANSLIM and WON's Technical's seem to be working for me by keeping me on =
the sidelines until this market speaks to me in a clearer voice.

  John=20


    ----- Original Message -----=20
    From: Scott Gettis=20
    To: canslim@lists.xmission.com=20
    Sent: Friday, August 02, 2002 9:27 AM
    Subject: RE: [CANSLIM] Sometimes even the Pros don't know


    here's my interpretation.

    If we have to make up a name for the pattern that sie is forming, =
maybe it is not really a sound base.  I agree that sie at this moment =
seems to be a leader in this market, but the base that it formed is too =
deep to be considered a flat base, and it does not have the classic =
characteristics of a double bottom.  To me it looks most like a base on =
base structure; with the first part from 4/30-6/19 - and the second part =
the most recent base - which was rather short.  Hey the pattern may =
work, in which case ill add the lazy w to my list of charts to look for. =
 But, in this market where breakouts are still not working why try to =
force it with a price structure that can be labeled suspect at best.
      -----Original Message-----
      From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
      Sent: Friday, August 02, 2002 8:13 AM
      To: canslim@lists.xmission.com
      Subject: Re: [CANSLIM] Sometimes even the Pros don't know


      Hi Donald,

      My comments below were to show how the base count restarts, rather =
than looking back as far as 4 years ago at the chart and concluding that =
it is a 4 year C&H. That means that the stock broke out of a fresh 1st =
base August last year, and that the more recent action, for lack of a =
better term "Lazy W" would be considered on its own, rather than as a =
part of the 4 year pattern. That makes it a 2nd stage base.

      More specifically, the recent base doesn't meet the criteria for =
either a C&H or the shallower Saucer & Handle because of that odd price =
peak in the center of the formation. More than anything, take a look at =
the volume pattern as the center of the LazyW forms, it's very high. =
Normally in a C&H or S&H, the volume dries up at the bottom of the cup. =
This is exactly the opposite, showing that SIE was trying desperately to =
breakout, but was knocked back into its consolidation on high volume.

      Katherine
        ----- Original Message -----=20
        From: Donald Wallker=20
        To: canslim@lists.xmission.com=20
        Sent: Friday, August 02, 2002 9:14 AM
        Subject: Re: [CANSLIM] Sometimes even the Pros don't know


        Katherine =3D =3D  I didn't read your note about SIE before =
sending you the one about the IBD Article leading me to conclude that =
SIE has a  Saucer-shaped Chart.  And, I'm  having dificulty trying to =
harmonize the IBD Article and your remarks.  If you can give me a little =
help here I'd surely appreciate it.=3D=3D=3DDonald=20
          ----- Original Message -----=20
          From: Katherine Malm=20
          To: canslim@lists.xmission.com=20
          Sent: Friday, August 02, 2002 9:36 AM
          Subject: Re: [CANSLIM] Sometimes even the Pros don't know


          Hi Donald,

          I think you've actually hit on a key element of chart reading =
in CANSLIM. That is, when there is a deep correction that undercuts the =
low of the last base, the base count is reset and you essentially "start =
fresh" with the chart. It's my understanding that this is why WON looks =
at formations as they form over the previous 52 wks. In the case of SIE, =
the base count was reset in '99 when the downside move passed below the =
last base formed in '98.

          http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg=20

          By August '01, you would then be looking at SIE to set up a =
brand new 1st stage base as it nears its 52 wk high, in this case a =
double bottom:

          http://WallStreet-LLC.com/canslim/SIE080101.jpg

          Important, as it allows you to take advantage of renewed =
growth in an industry and/or company. (Assuming this is not a cyclical =
move)

          Katherine
            ----- Original Message -----=20
            From: Donald Wallker=20
            To: canslim@lists.xmission.com=20
            Sent: Friday, August 02, 2002 3:48 AM
            Subject: Re: [CANSLIM] Sometimes even the Pros don't know


            Katherine ---Maybe (tongue in cheek) SIEt hasn't broken out =
yet and is still working on the cup that it started back in March =
1998.---Donald=20
              ----- Original Message -----=20
              From: Katherine Malm=20
              To: canslim@lists.xmission.com=20
              Sent: Thursday, August 01, 2002 7:24 PM
              Subject: [CANSLIM] Sometimes even the Pros don't know


              Hi All,

              Got a real kick out of this comment from Tim Truebenbach, =
a real pro and contributor to TradingMarkets.com:

              "Sierra Health (SIE) hails from the leading HMO group. The =
stock has stellar fundamentals, but to this day, no one I have spoken =
with -- from fellow investors to people at IBD -- have been able to =
describe what kind of base it has produced. It has broken out of this =
"unknown" base and continues to push higher for the time being."



              I've dubbed this a "Lazy W"...

              See it at http://WallStreet-LLC.com/canslim/LazyW.jpg=20



              Katherine




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<DIV><FONT face=3DArial size=3D2>There isn't much doubt that sometimes =
the Pro's=20
don't know.&nbsp; In the IBD of Friday, Aug.2, on page B8 in =
Col.1,&nbsp; there=20
is a Article that hypes the Shares of University of Phoenix Online =
(UOPX). "It=20
found support at its 200-day line this week.&nbsp; Look for it to log =
some=20
high-volume weeks at it climbs the right side of its base.&nbsp; The =
online=20
educator's fundamental's excel.'" And&nbsp;so on about huge percentage =
growths=20
in Profits, sales and ROI.&nbsp;&nbsp;I initially reviewed the IBD=20
Ratings&nbsp;and found them to be 99, 60I, D, A and B minus =
and&nbsp;questioned=20
the Article's&nbsp; generalized sttement that the "fundamentals excel." =
Then,=20
upon reviewing the IBD Chart I realized that&nbsp;the Article was =
probably=20
written on Thursday, before the close of the market, for&nbsp; =
publication on=20
Friday. it being&nbsp; noted that the stock fell $0.38 below its 200 day =
line=20
that day.&nbsp; Then, on Friday, the day of publication, the stock fell =
an=20
additional $1.28. for a total of $1.66 or substantially %6.3 from the =
close=20
shown in the NASDAQ Chart accompaning the Article. So, it looks like =
this stock=20
is in for either a "W"&nbsp; or "Lazy W " shaped base after all.&nbsp; =
In any=20
event it surely doesn't look like its finished with it's base.&nbsp; =
Would=20
sombody else please comment about the base (if any ) formed=20
by&nbsp;UOPX.----&nbsp; Donald &nbsp;</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Djcalkins@olypen.com =
href=3D"mailto:jcalkins@olypen.com">John=20
  Calkins</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, August 03, 2002 =
10:30=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Sometimes even the=20
  Pros don't know</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>Scott,</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>I would have to agree with your =
failing base on=20
  base pattern.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>Katherine, would it be better to =
consider staying=20
  with the classic double bottom than trying to interpret a new lazy W=20
  pattern?&nbsp; Doesn't this relate to how WON developed the CWH?&nbsp; =
Didn't=20
  He, Livermore and others already explore these regions and shouldn't =
we learn=20
  from them, or do we always question their results.&nbsp; I realize =
that we=20
  need to learn from each other how to interpret these patterns.&nbsp; =
It's like=20
  trying to explore too far off the beaten path,&nbsp; like a child =
getting too=20
  close to the crumbling edge or using a 10% stop rule instead of an =
8%.&nbsp;=20
  Is a&nbsp;lazy W too close to the crumbling edge especially in this=20
  market?&nbsp; We are told that these patterns are useful in a bull=20
  market.&nbsp;&nbsp;The bear pops up on Thursday and Friday, then a =
pattern=20
  seems to fail and again reminds us to get back on the path..&nbsp; =
Again and=20
  again, the closer I stay to the classic patterns, the less I am =
inclined to=20
  get into this market.&nbsp; CANSLIM and WON's Technical's&nbsp;seem to =

  be&nbsp;working for me by keeping me on the sidelines until this =
market speaks=20
  to me in a clearer voice.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>John </FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <BLOCKQUOTE dir=3Dltr=20
  style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV=20
    style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
    <A title=3Dsgettis@ucla.edu href=3D"mailto:sgettis@ucla.edu">Scott =
Gettis</A>=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, August 02, 2002 =
9:27=20
    AM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
Sometimes even=20
    the Pros don't know</DIV>
    <DIV><BR></DIV>
    <DIV><SPAN class=3D019011616-02082002><FONT face=3DArial =
color=3D#0000ff=20
    size=3D2>here's my interpretation.</FONT></SPAN></DIV>
    <DIV><SPAN class=3D019011616-02082002><FONT face=3DArial =
color=3D#0000ff=20
    size=3D2></FONT></SPAN>&nbsp;</DIV>
    <DIV><SPAN class=3D019011616-02082002><FONT face=3DArial =
color=3D#0000ff size=3D2>If=20
    we have to make up a name for the pattern that sie is forming, maybe =
it is=20
    not really a sound base.&nbsp; I agree that sie at this moment seems =
to be a=20
    leader in this market, but the base&nbsp;that it&nbsp;formed is too =
deep to=20
    be considered a flat base, and it does not have the classic =
characteristics=20
    of a double bottom.&nbsp; To me it looks most like a base on base =
structure;=20
    with the first part from 4/30-6/19 - and the second part the most =
recent=20
    base - which was rather short.&nbsp; Hey the pattern may work, in =
which case=20
    ill add the lazy w to my list of charts to look for.&nbsp; But, in =
this=20
    market where breakouts are still not&nbsp;working why try to force =
it with a=20
    price structure that can be labeled suspect at =
best.</FONT></SPAN></DIV>
    <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
      <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
      size=3D2>-----Original Message-----<BR><B>From:</B>=20
      owner-canslim@lists.xmission.com=20
      [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of =
</B>Katherine=20
      Malm<BR><B>Sent:</B> Friday, August 02, 2002 8:13 AM<BR><B>To:</B> =

      canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] =
Sometimes even=20
      the Pros don't know<BR><BR></FONT></DIV>
      <DIV>Hi Donald,</DIV>
      <DIV>&nbsp;</DIV>
      <DIV>My comments below were to show how the base count restarts, =
rather=20
      than looking back as far as 4 years ago at the chart and =
concluding that=20
      it is a 4 year C&amp;H. That means that the stock broke out of a =
fresh 1st=20
      base August last year,&nbsp;and&nbsp;that the more recent action, =
for lack=20
      of a better term "Lazy W" would be considered on its own, rather =
than as a=20
      part of the 4 year pattern. That makes it a 2nd stage base.</DIV>
      <DIV>&nbsp;</DIV>
      <DIV>More specifically, the recent base doesn't meet the criteria =
for=20
      either a C&amp;H or the shallower Saucer &amp; Handle because of =
that odd=20
      price peak in the center of the formation. More than anything, =
take a look=20
      at the volume pattern as the center of the LazyW forms, it's very =
high.=20
      Normally in a C&amp;H or S&amp;H, the volume dries up at the =
bottom of the=20
      cup. This is exactly the opposite, showing that SIE was trying =
desperately=20
      to breakout, but was knocked back into its consolidation on high=20
      volume.</DIV>
      <DIV>&nbsp;</DIV>
      <DIV>Katherine</DIV>
      <BLOCKQUOTE dir=3Dltr=20
      style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
        <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
        <DIV=20
        style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
        <A title=3Ddougald@dmv.com =
href=3D"mailto:dougald@dmv.com">Donald=20
        Wallker</A> </DIV>
        <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
        title=3Dcanslim@lists.xmission.com=20
        =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
        </DIV>
        <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, August 02, =
2002 9:14=20
        AM</DIV>
        <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Sometimes=20
        even the Pros don't know</DIV>
        <DIV><BR></DIV>
        <DIV><FONT face=3DArial size=3D2>Katherine =3D =3D &nbsp;I =
didn't read your note=20
        about SIE before sending you the one about the IBD Article =
leading me to=20
        conclude that SIE has a &nbsp;Saucer-shaped Chart.&nbsp; And, =
I'm&nbsp;=20
        having dificulty trying to harmonize the IBD Article and your=20
        remarks.&nbsp; If you can give me a little help here I'd surely=20
        appreciate it.=3D=3D=3DDonald </FONT></DIV>
        <BLOCKQUOTE dir=3Dltr=20
        style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
          <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
          <DIV=20
          style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
          <A title=3Dkmalm@earthlink.net=20
          href=3D"mailto:kmalm@earthlink.net">Katherine Malm</A> </DIV>
          <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
          title=3Dcanslim@lists.xmission.com=20
          =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
          </DIV>
          <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, August =
02, 2002=20
          9:36 AM</DIV>
          <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Sometimes=20
          even the Pros don't know</DIV>
          <DIV><BR></DIV>
          <DIV>Hi Donald,</DIV>
          <DIV>&nbsp;</DIV>
          <DIV>I think you've actually hit on a key element of chart =
reading in=20
          CANSLIM. That is, when there is a deep correction that =
undercuts the=20
          low of the last base, the base count is reset and you =
essentially=20
          "start fresh" with the chart. It's my understanding that this =
is why=20
          WON looks at formations as they form over the previous 52 wks. =
In the=20
          case of SIE, the base count was reset in '99 when the downside =
move=20
          passed below the last base formed in '98.</DIV>
          <DIV>&nbsp;</DIV>
          <DIV><A=20
          =
href=3D"http://WallStreet-LLC.com/canslim/SIE10yrs080202.jpg">http://Wall=
Street-LLC.com/canslim/SIE10yrs080202.jpg</A>=20
          </DIV>
          <DIV>&nbsp;</DIV>
          <DIV>By August '01, you would then be looking at SIE to set up =
a brand=20
          new 1st stage base as it nears its 52 wk high, in this case a =
double=20
          bottom:</DIV>
          <DIV>&nbsp;</DIV>
          <DIV><A=20
          =
href=3D"http://WallStreet-LLC.com/canslim/SIE080101.jpg">http://WallStree=
t-LLC.com/canslim/SIE080101.jpg</A></DIV>
          <DIV>&nbsp;</DIV>
          <DIV>Important, as it allows you to take advantage of renewed =
growth=20
          in an industry and/or company. (Assuming this is not a =
cyclical=20
          move)</DIV>
          <DIV>&nbsp;</DIV>
          <DIV>Katherine</DIV>
          <BLOCKQUOTE dir=3Dltr=20
          style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
            <DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
            <DIV=20
            style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
            <A title=3Ddougald@dmv.com =
href=3D"mailto:dougald@dmv.com">Donald=20
            Wallker</A> </DIV>
            <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
            title=3Dcanslim@lists.xmission.com=20
            =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
            </DIV>
            <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, August =
02, 2002=20
            3:48 AM</DIV>
            <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: =
[CANSLIM]=20
            Sometimes even the Pros don't know</DIV>
            <DIV><BR></DIV>
            <DIV><FONT face=3DArial size=3D2>Katherine ---Maybe (tongue =
in cheek)=20
            SIEt hasn't broken out yet and is still working on the cup =
that it=20
            started back in March 1998.---Donald </FONT></DIV>
            <BLOCKQUOTE dir=3Dltr=20
            style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
              <DIV style=3D"FONT: 10pt arial">----- Original Message =
- ----- </DIV>
              <DIV=20
              style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; =
font-color: black"><B>From:</B>=20
              <A title=3Dkmalm@earthlink.net=20
              href=3D"mailto:kmalm@earthlink.net">Katherine Malm</A> =
</DIV>
              <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
              title=3Dcanslim@lists.xmission.com=20
              =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
              </DIV>
              <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, =
August 01,=20
              2002 7:24 PM</DIV>
              <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
Sometimes=20
              even the Pros don't know</DIV>
              <DIV><BR></DIV>
              <DIV>Hi All,</DIV>
              <DIV>&nbsp;</DIV>
              <DIV>Got a real kick out of this comment from Tim =
Truebenbach, a=20
              real pro and contributor&nbsp;to TradingMarkets.com:</DIV>
              <DIV>&nbsp;</DIV>
              <DIV>
              <P><FONT face=3D"arial, helvetica" size=3D2><FONT=20
              color=3D#0000ff><B>"Sierra Health</B></FONT> (<A=20
              =
href=3D"http://www.tradingmarkets.com/.site/stocks/commentary/ttage/goto~=
www.tradingmarkets.com~redirect.cfm?symbol=3DSIE">SIE</A>)=20
              hails from the leading HMO group. The stock has stellar=20
              fundamentals, but to this day, no one I have spoken with =
- -- from=20
              fellow investors to people at <I>IBD</I> -- have been able =
to=20
              describe what kind of base it has produced. It has broken =
out of=20
              this "unknown" base and continues to push higher for the =
time=20
              being."</FONT></P>
              <P>&nbsp;</P>
              <P>I've dubbed this a "Lazy W"...</P>
              <P>See it at <A=20
              =
href=3D"http://WallStreet-LLC.com/canslim/LazyW.jpg">http://WallStreet-LL=
C.com/canslim/LazyW.jpg</A>=20
              </P>
              <P>&nbsp;</P>
              <P>Katherine</P>
              =
<P>&nbsp;</P></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></=
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