Re: [CANSLIM] CSTR

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 17:24:56 -0500

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Jans,

Good point about the 50DMA.  Otherwise I see this one differently.  Compared
to other charts recently (due to 9/ll and the July dip) I would not consider
this cup a bad "V"; some are much, much worse.  And, the right lip/handle
doesn't have to be exactly at the level of the left lip to be valid.  Within
15% is the rule for the pivot and this one is within that.  The handle could
have formed a little higher and been better; it was just above the middle of
the cup.  But this was indeed a valid BO.  Also, the RS line being at the
highest point in recent memory is bullish.

CAN SLIM is a garment made of spandex; fits everyone differently:-)
I'm like you, trigger-shy<G>
Norm

- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 27, 2002 1:57 PM
Subject: Re: [CANSLIM] CSTR


> Mike:
>
>      The 50 DMA fell below-and hasn't risen above since then-the 200 day
July
> 15th.  Also, on the weekly chart, the formation is a V-shaped cup with the
> Right Lip a little below the left lip-so a BO had never occurred.
> Additonally, the RS-Line on the Daily was just a smidgen above where it
was
> at the stock price's previous top, which was substantially lower (I'm
> comparing 8/5 with 8/16).
>
>      On neither the day nor the weekly chart could I see a BO.  Both show
the
> high possibility of a BO (with the fundamentals and the chart-formations
both
> alligning).  I suspect that IBD will print the same thing (something like,
> "Fooler Charts-Charts That Looked Strong On Their Right-Side-Runup").
>
>      That said, I must confess: I was looking very seriously at CSTR to
buy
> it.  The fundamentals; the chart; and the technical (I use MACD and an
> ROC-type tool) all pointed that the stock should be bought.  I didn't buy
it
> because of only 1 or 2 thing:  The Market (and perhaps because I am now
kind
> of trigger-shy, having been in cash since this LOOOONG bear began)
>
> jans
>
>
>
>
> In a message dated 8/27/2002 11:21:10 AM Eastern Daylight Time,
> michael_niemotka@baxter.com writes:
>
> << Does  anyone else see anything in the price volume action that would
lead
> them to  believe that this was going to happen, or is it the M that is
still
> not
>  strong enough? >>
>
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