Re: [CANSLIM] ENR

From: Chazmoore@aol.com
Subject: Re: [CANSLIM] ENR
Date: Fri, 9 Aug 2002 17:26:17 EDT

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Mike: First off, I think you should take a second look at the group RS. I see
A+.

I am not sure WON would approve of the c/h because of the V bottom and the
three day handle. But it is certainly showing power over the past two weeks.
It has definitely broke out but I just don't know if it has staying power.

I'll bet I have looked at six or seven charts that look like this one.
Companies who have experienced nice ascending bases 6 months or more, and
were then pulled down sharply by the market sell off in July. I am no expert
but they all seem to be trying to regain the position they would have had if
the July down draft had not sucked the under. Notice that you can draw a
straight line over the base and it will just meet the current price. If this
interpretation is correct then it seems to me the future of the stock is one
that line, at least for the short term.

Charley

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<HTML>Mike: First off, I think you should take a second look at the group RS. I see A+.
 
 I am not sure WON would approve of the c/h because of the V bottom and the three day handle. But it is certainly showing power over the past two weeks. It has definitely broke out but I just don't know if it has staying power.
 
 I'll bet I have looked at six or seven charts that look like this one. Companies who have experienced nice ascending bases 6 months or more, and were then pulled down sharply by the market sell off in July. I am no expert but they all seem to be trying to regain the position they would have had if the July down draft had not sucked the under. Notice that you can draw a straight line over the base and it will just meet the current price. If this interpretation is correct then it seems to me the future of the stock is one that line, at least for the short term.
 
 Charley</HTML>

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