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

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Advice on using weekly vs. daily charts
Date: Mon, 26 Aug 2002 23:28:43 -0400

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Bob, I go for a cup from June to August, but the right side of the cup =
is debatable. You can pick the right side of the cup as being reached on =
8/1, 8/12, or 8/19. If you pick 8/19, however, then the past week would =
be a high handle, and more prone to failure (which it did to some extent =
over the past two days). I would pick 8/19 as the breakout from a handle =
that started forming 8/12 since it is the only day with 2X ADV. On the =
other hand, using this date also shows not only a short handle, but one =
that did not decline even tho volume dried up.=20

So you would have had to be on your toes to catch it right on 8/19.

On a weekly chart, the week ending 8/16 would appear to mark the end of =
the cup, and start of the handle.

- ----- Original Message -----=20
From: rchodes=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, August 27, 2002 1:22 AM
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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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>Bob, I go for a cup from June to August, but the =
right=20
side of the cup is debatable. You can pick the right side of the cup as =
being=20
reached on 8/1, 8/12, or 8/19. If you pick 8/19, however, then the past =
week=20
would be a high handle, and more prone to failure (which it did to some =
extent=20
over the past two days). I would pick 8/19 as the breakout from a handle =
that=20
started forming 8/12 since it is the only day with 2X ADV. On the other =
hand,=20
using this date also shows not only a short handle, but one that did not =
decline=20
even tho volume dried up. </FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>So you would have had to be on your toes to =
catch it right=20
on 8/19.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>On a weekly chart, the week ending 8/16 would =
appear to=20
mark the end of the cup, and start of the handle.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Drchodes@charter.net =
href=3D"mailto:rchodes@charter.net">rchodes</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Tuesday, August 27, 2002 1:22 AM</DIV>
<DIV><B>Subject:</B> [CANSLIM] Advice on using weekly vs. daily=20
charts</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I would like some help with analyzing =
the chart for=20
AMSG.&nbsp; This company's fundamentals look promising but I'm having =
trouble=20
interpreting the chart pattern.&nbsp; If you look at the one year chart, =
would=20
you consider the JUN 02 through the AUG 15 as the cup with a descending =
handle=20
forming after AUG 15 or would you consider this a CWH starting on OCT 1 =
'01 with=20
the handle beginning around JUN 02.&nbsp; My perception of these =
patterns is=20
still unreliable and I appreciate the advice 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 =

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></BODY></HTML>

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