Go to Jeff Salisbury LWGate Home Page.From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions
Date: Tue, 13 Aug 2002 19:10:42 -0700
Previous Article (by Date): Re: Pearl of Wisdom (was [CANSLIM] CCR - I offer this up for dissection) "Tom Worley"
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can you explain your statement. Why would it mean this? nancy =20
=20
- ----- Original Message -----
From: Tom Worley
Sent: Tuesday, August 13, 2002 7:54 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions
=20
on the downside, often suggests the point where institutional support
exists, but only on the larger more liquid stocks.
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 13, 2002 10:50 AM
Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions
Katherine:
Couldn't "churning" also identify a stock which has been weak (ie. i=
n a
downtrend), but then does not make any more headway down-and does this on
heavy volume. Wouldn't this indicate the end of the downtrend (or at
least-the beginning of a consolidation, perhaps leading to the stock
garnering strength?).
Moreover, as distribution (as you pointed out) is likely at the top =
(as
indicated by the hi volume and stalling); wouldn't accumulation be likely=
at
the churning point in the downtrend (ie. since the stock is not falling
anymore and it is not doing it on hi volume-wouln't this signify that
someone is buying up all the stock that someone else is selling)
I bring up this question because I'm not sure of the answer. I thou=
ght
WON has said (or perhaps it was in an IBD Investors Corner article) that
"churning" can take place on the upside (to indicate future weakness) or =
on
the downside (to indicate future strength).
In any event, what is your experience or observation or comments and
conclusions on my churning conundrum.
jans
In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern Standard Time,
kmalm@earthlink.net writes:
> Long story short, churning/stalling is in reference to action *after* a
> stock or index has been rising, nears its highs, then starts acting odd=
.
> That is, large volume is no longer accompanied by significant upward pr=
ice
> movement. In that sense, it is subtle distribution and is a
> sign that the
> stock may be topping and/or beginning a consolidating period
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<HTML><BODY STYLE=3D"font:10pt verdana; border:none;"><DIV>can you explai=
n your statement. Why would it mean this? nancy </DIV> <DIV>&n=
bsp;</DIV> <BLOCKQUOTE style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MA=
RGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV =
style=3D"FONT: 10pt Arial">----- Original Message -----</DIV> <DIV style=3D=
"BACKGROUND: #e4e4e4; FONT: 10pt Arial; COLOR: black"><B>From:</B> Tom Wo=
rley</DIV> <DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Tuesday, August 1=
3, 2002 7:54 AM</DIV> <DIV style=3D"FONT: 10pt Arial"><B>To:</B> canslim@=
lists.xmission.com</DIV> <DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> =
Re: [CANSLIM] cup-without-handle; "tightness" questions</DIV> <DIV> =
</DIV>on the downside, often suggests the point where institutional suppo=
rt<BR>exists, but only on the larger more liquid stocks.<BR><BR>----- Ori=
ginal Message -----<BR>From: <Spencer48@aol.com><BR>To: <canslim=
@lists.xmission.com><BR>Sent: Tuesday, August 13, 2002 10:50 AM<BR>Sub=
ject: Re: [CANSLIM] cup-without-handle; "tightness" questions<BR><BR><BR>=
Katherine:<BR><BR> Couldn't "churning" also ident=
ify a stock which has been weak (ie. in a<BR>downtrend), but then does no=
t make any more headway down-and does this on<BR>heavy volume. Woul=
dn't this indicate the end of the downtrend (or at<BR>least-the beginning=
of a consolidation, perhaps leading to the stock<BR>garnering strength?)=
.<BR><BR> Moreover, as distribution (as you point=
ed out) is likely at the top (as<BR>indicated by the hi volume and stalli=
ng); wouldn't accumulation be likely at<BR>the churning point in the down=
trend (ie. since the stock is not falling<BR>anymore and it is not doing =
it on hi volume-wouln't this signify that<BR>someone is buying up all the=
stock that someone else is selling)<BR><BR> I br=
ing up this question because I'm not sure of the answer. I thought<=
BR>WON has said (or perhaps it was in an IBD Investors Corner article) th=
at<BR>"churning" can take place on the upside (to indicate future weaknes=
s) or on<BR>the downside (to indicate future strength).<BR><BR> &nbs=
p; In any event, what is your experience or observation or co=
mments and<BR>conclusions on my churning conundrum.<BR><BR><BR> &nbs=
p;  =
; =
jans<BR><BR><BR>In a message dated Wed, 7 Aug 2002 11:33:26 AM Eastern S=
tandard Time,<BR>kmalm@earthlink.net writes:<BR><BR>> Long story short=
, churning/stalling is in reference to action *after* a<BR>> stock or =
index has been rising, nears its highs, then starts acting odd.<BR>> T=
hat is, large volume is no longer accompanied by significant upward price=
<BR>> movement. In that sense, it is subtle distribution and is a<BR>&=
gt; sign that the<BR>> stock may be topping and/or beginning a consoli=
dating period<BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "major=
domo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR=
>-"unsubscribe canslim". Do not use quotes in your email.<BR><BR><B=
R><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<=
BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe cans=
lim". Do not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTM=
L>
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