[CANSLIM] XRAY and CECO

From: "Mike Gibbons" <mike@proactech.com>
Subject: [CANSLIM] XRAY and CECO
Date: Mon, 12 Aug 2002 14:54:04 -1000

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When I brought up XRAY last week, Winston observed that the longer term pattern was more like an ascending base. To my surprize, the
XRAY breakout hasn't failed yet, although it hasn't been strong either, and may be in the process of forming another handle.

I came across another stock today with similar chart characteristics to XRAY - now in the handle of a Cwh formation with good
CANSLIM characteristics (http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=CECO) except for v. high institutional
ownership - but the longer term pattern looks like an ascending base.

The CwH pattern is not ideal with the cup too short and V-shaped, which I attribute to the market behavior in July, but perhaps its
on its way to resuming the long term ascending base pattern.

Comments anyone?

Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com


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<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN =
class=3D700393200-13082002>When=20
I brought up XRAY last week, Winston observed that the longer term =
pattern was=20
more like an ascending base. To my surprize, the XRAY breakout hasn't =
failed=20
yet, although it hasn't been strong either, and may be in the process of =
forming=20
another handle.</SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D700393200-13082002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN =
class=3D700393200-13082002>I=20
came across another stock today with similar chart characteristics to =
XRAY - now=20
in the handle of a Cwh formation with good CANSLIM characteristics (<A=20
href=3D"http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO"=
>http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=3DCECO</A>)=20
except for v. high institutional ownership&nbsp;- but the longer term =
pattern=20
looks like an ascending base.</SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D700393200-13082002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN =
class=3D700393200-13082002>The=20
CwH pattern is not ideal with the cup too short and V-shaped, which I =
attribute=20
to the market behavior in July, but perhaps its on its way to resuming =
the long=20
term ascending base pattern. </SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D700393200-13082002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D700393200-13082002>Comments anyone?</SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D700393200-13082002></SPAN></FONT><FONT face=3DTahoma =
color=3D#000080=20
size=3D2><SPAN class=3D700393200-13082002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Mike =
Gibbons</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Proactive =
Technologies,=20
LLC</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080=20
size=3D2>http://www.proactech.com</FONT></DIV>
<DIV>&nbsp;</DIV></BODY></HTML>

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