RE: [CANSLIM] Advice on using weekly vs. daily charts

From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] Advice on using weekly vs. daily charts
Date: Mon, 26 Aug 2002 20:42:37 -1000

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Hi Bob,

My interpretation is that AMSG was in a CwH starting 6/3/02 and broke out on 8/19  and has now pulled back to just below the pivot
of that pattern. Because it broke out to a high of $34, which was 7% higher than the left cup of $32.70 on 6/30, IMHO that high
can't be considered a new CwH pivot  as the pivot can only reach a maximum of 3% above the left side of the cup, at least according
to WON.

Katherine will hopefully jump in and provide more expertise on what the pattern would now be called.

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 rchodes
  Sent: Monday, August 26, 2002 7:23 PM
  To: canslim@lists.xmission.com
  Subject: [CANSLIM] Advice on using weekly vs. daily charts


  I would like some help with analyzing the chart for AMSG.  This company's fundamentals look promising but I'm having trouble
interpreting the chart pattern.  If you look at the one year chart, would you consider the JUN 02 through the AUG 15 as the cup with
a descending handle forming after AUG 15 or would you consider this a CWH starting on OCT 1 '01 with the handle beginning around JUN
02.  My perception of these patterns is still unreliable and I appreciate the advice of more experienced CAMSLIM investors. Thanks
in advance.

  By way of introduction, I am a clinical psychologist with only a novice's knowledge of CANSLIM.  It's rather ironic that my own
psychology has messed me up many times in my past investing decisions and I feel that CANSLIM can provide much needed structure and
discipline.

  Bob Hodes

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<DIV><SPAN class=3D640185103-27082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>Hi=20
Bob,</FONT></SPAN></DIV>
<DIV><SPAN class=3D640185103-27082002><FONT face=3DTahoma =
color=3D#000080=20
size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D640185103-27082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>My=20
interpretation is that AMSG was in a CwH starting 6/3/02 and broke out =
on=20
8/19&nbsp; and has now pulled back to just below the pivot of that =
pattern.=20
Because it broke out to a high of $34, which was 7% higher than the left =
cup of=20
$32.70 on 6/30, IMHO that high can't be considered a new CwH pivot&nbsp; =
as the=20
pivot can only reach a maximum of 3% above the left side of the cup, at =
least=20
according to WON.</FONT></SPAN></DIV>
<DIV><SPAN class=3D640185103-27082002><FONT face=3DTahoma =
color=3D#000080=20
size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D640185103-27082002><FONT face=3DTahoma =
color=3D#000080=20
size=3D2>Katherine will hopefully jump in and provide more expertise on =
what the=20
pattern would now be called.</FONT></SPAN></DIV>
<DIV><SPAN class=3D640185103-27082002><FONT face=3DTahoma =
color=3D#000080=20
size=3D2></FONT></SPAN>&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>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20
  </B>rchodes<BR><B>Sent:</B> Monday, August 26, 2002 7:23 =
PM<BR><B>To:</B>=20
  canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] Advice on =
using weekly=20
  vs. daily charts<BR><BR></FONT></DIV>
  <DIV><FONT face=3DArial size=3D2>I would like some help with analyzing =
the chart=20
  for AMSG.&nbsp; This company's fundamentals look promising but I'm =
having=20
  trouble interpreting the chart pattern.&nbsp; If you look at the one =
year=20
  chart, would you consider the JUN 02 through the AUG 15 as the cup =
with a=20
  descending handle forming after AUG 15 or would you consider this a =
CWH=20
  starting on OCT 1 '01 with the handle beginning around JUN 02.&nbsp; =
My=20
  perception of these patterns is still unreliable and I appreciate the =
advice=20
  of more experienced CAMSLIM investors. Thanks in advance.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>By way of introduction, I am a =
clinical=20
  psychologist with only a novice's knowledge of CANSLIM.&nbsp; It's =
rather=20
  ironic&nbsp;that my own psychology has messed me up many times&nbsp;in =
my past=20
  investing decisions and I feel that CANSLIM can provide much=20
  needed&nbsp;structure and discipline.&nbsp;</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>Bob =
Hodes</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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