RE: [CANSLIM] ANSI

From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] ANSI
Date: Fri, 16 Aug 2002 22:13:25 -1000

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Ann,

Yes I saw the weekly chart, but when the handle is short, I think it's the
daily chart that's equally important. The behavior in the handle is very
important, as Tom has pointed out. While there would be debate that a two
week handle is necessary, as he suggests, everyone has their own personal
interpetation of the rules based on what works for them in their experience.

I think it has been often reiterated recently, that a desirable CwH pattern
is one where there is positive price movement on above average volume coming
up the right side of the handle (which ANSI displays) followed by
increasingly below average ("drying up") volume in the handle. Although
there was above average sell volume after forming the pivot, that seems to
be correcting itself now.  I might add that ANSI scored relatively well on
our "Chart Quality" rating, with only two stocks (PVA and CVH) doing better
at the moment.

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 Ann
Sent: Friday, August 16, 2002 4:03 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] ANSI


I see what you mean, Mike,
but did you see the weekly chart?
Also, the sell volume in the bottom of the base is low. But I guess the most
recent pattern is the most significant.
Ann
- ----- Original Message -----
From: "Mike Gibbons" <mikegibbons@proactech.com>
To: <canslim@lists.xmission.com>
Sent: Friday, August 16, 2002 9:58 PM
Subject: RE: [CANSLIM] ANSI


: I should have added to my previous post, that while the volume coming up
the
: right side of the cup was promising, the high sell volume on the day it
: formed the pivot and subsequent 3 days is less encouraging, IMHO.
:
: 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 Ann
: Sent: Friday, August 16, 2002 3:22 PM
: To: CANSLIM Listserv
: Subject: [CANSLIM] ANSI
:
:
:  I am trying to figure out whether there is a base or not.
:
: On the daily chart, I see a cup and handle starting at 6/11, forming the
: right rim on 8/7, and now forming handle.
:
: But when I look at the weekly chart, I see a possible larger chart
starting
: in January.
:
: The volume on the weekly chart looks very promising.
:
: Ann
:
:
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