Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Advice on using weekly vs. daily charts
Date: Tue, 27 Aug 2002 08:18:19 -0500
Previous Article (by Date): RE: [CANSLIM] Advice on using weekly vs. daily charts "Mike Gibbons"
Top of Thread: [CANSLIM] Advice on using weekly vs. daily charts "rchodes"
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Hi Mike, Bob, Charley et al,
Sorry, I've lost track of where the conversation has been as I have =
trouble following if I can't see a picture! Thought I was going to get =
away with sitting this one out, but since Mike invoked the double-secret =
"get off your buns" message....I've marked up a couple of charts as I =
see AMSG, one daily, one weekly. See them at:
http://WallStreet-LLC.com/canslim/AMSG082602.jpg
http://WallStreet-LLC.com/canslim/AMSG082602wkly.jpg
Katherine
----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, August 27, 2002 1:42 AM
Subject: RE: [CANSLIM] Advice on using weekly vs. daily charts
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.=20
Bob Hodes
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<DIV>Hi Mike, Bob, Charley et al,</DIV>
<DIV> </DIV>
<DIV>Sorry, I've lost track of where the conversation has been as I have =
trouble=20
following if I can't see a picture! Thought I was going to get away with =
sitting=20
this one out, but since Mike invoked the double-secret "get off your =
buns"=20
message....I've marked up a couple of charts as I see AMSG, one daily, =
one=20
weekly. See them at:</DIV>
<DIV> </DIV>
<DIV><A=20
href=3D"http://WallStreet-LLC.com/canslim/AMSG082602.jpg">http://WallStre=
et-LLC.com/canslim/AMSG082602.jpg</A></DIV>
<DIV><A=20
href=3D"http://WallStreet-LLC.com/canslim/AMSG082602wkly.jpg">http://Wall=
Street-LLC.com/canslim/AMSG082602wkly.jpg</A></DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmikegibbons@proactech.com=20
href=3D"mailto:mikegibbons@proactech.com">Mike Gibbons</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, August 27, 2002 =
1:42=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Advice =
on using=20
weekly vs. daily charts</DIV>
<DIV><BR></DIV>
<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> </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 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=20
of $32.70 on 6/30, IMHO that high can't be considered a new CwH =
pivot as=20
the pivot can only reach a maximum of 3% above the left side of the =
cup, at=20
least according to WON.</FONT></SPAN></DIV>
<DIV><SPAN class=3D640185103-27082002><FONT face=3DTahoma =
color=3D#000080=20
size=3D2></FONT></SPAN> </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> </DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2></FONT> </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=20
weekly 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. This company's fundamentals look promising but I'm =
having=20
trouble interpreting the chart pattern. 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. =
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> </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. It's =
rather=20
ironic that my own psychology has messed me up many =
times in my=20
past investing decisions and I feel that CANSLIM can provide much=20
needed structure and discipline. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Bob=20
Hodes</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Previous Article (by Date): RE: [CANSLIM] Advice on using weekly vs. daily charts "Mike Gibbons"
Top of Thread: [CANSLIM] Advice on using weekly vs. daily charts "rchodes"
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