Re: [CANSLIM] XRAY and CECO

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] XRAY and CECO
Date: Sun, 25 Aug 2002 20:43:53 -0500

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Top of Thread: Re: [CANSLIM] XRAY and CECO Spencer48@aol.com
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Hi jans,

Here I was trying to distinguish between a "stock on the rise" that rises
>=25% then forms a valid base between  each rise (where counting the bases
comes in) and a *type* of base referred to as the ascending base. So, no,
was not saying anything different than what WON says on base count. There's
quite a few follow-on emails to this one with some links included.... that
should clear it up.

Katherine

- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, August 25, 2002 8:28 PM
Subject: Re: [CANSLIM] XRAY and CECO


| Katherine:
|
|      If this is true, than aren't you compromising WON's dictum that a
3rd,
| 4th or 5th stage of a stock's base is in the danger zone.  Or, in your
| experience, do ascending bases have not so many bases as to reach the 3rd,
| 4th or 5th base-danger zone?
|
| jans
|
|
| In a message dated 8/12/2002 9:53:03 PM Eastern Daylight Time,
| kmalm@earthlink.net writes:
|
| << There's actually no such thing, as "ascending base" is a very
particular
| kind of conolidation in the stock's move. In general, a stock will rise,
then
| pause (base), rise, then pause, rise, then pause, and so on. As long as
the
| rise between consolidations is at least 25%, the next area of
consolidation
| is considered a new stage base.... >>
|
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