Re: [CANSLIM] XRAY and CECO

From: Spencer48@aol.com
Subject: Re: [CANSLIM] XRAY and CECO
Date: Sun, 25 Aug 2002 21:28:08 EDT

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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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