Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis


From: James Bond <james_bond_3rd@yahoo.com>
Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis
Date: Thu, 5 Sep 2002 16:26:46 -0700 (PDT)

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John,

I use stocckcharts.com  to view charts. I always look  at three charts for each stock: a 3 year weekly chart, a 6 month  daily chart, and a 20 day  hourly chart. Stockcharts.com allows one to  view intraday charts for up  to 1 month.

Volume actions are always meaningful, even when it is market makers moving the stock. In the case  of PIXR, the shakeout the day before the breakout, when the market makers cleared out all the stop orders, was a clear signal that the stock was ready to move and one could  have used it as a clue for placing  buy orders and  stop orders. That kind of clue was crucial for people like me who cannot monitor the stock during the day. One day later the stock was already over 46 and  out of the buy range.



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<P>John,</P>
<P>I use stocckcharts.com&nbsp; to view charts. I always look&nbsp; at three charts for each stock: a 3 year weekly chart, a 6 month&nbsp; daily chart, and a 20 day&nbsp; hourly chart. Stockcharts.com allows one to&nbsp; view intraday charts for up&nbsp; to 1 month.</P>
<P>Volume actions are always meaningful, even when it is market makers moving the stock. In the case&nbsp; of PIXR, the shakeout the day before the breakout, when the market makers cleared out&nbsp;all the stop orders, was a clear signal that the stock was ready to move and one could&nbsp; have used it as a clue for placing&nbsp; buy orders and&nbsp; stop orders. That kind of clue was crucial for people like me who cannot monitor the stock during the day. One day later the stock was already over 46 and&nbsp; out of the buy range.</P><p><br><hr size=1><b>Do You Yahoo!?</b><br>
<a href="http://rd.yahoo.com/finance/mailsig/new/*http://finance.yahoo.com">Yahoo! Finance</a> - Get real-time stock quotes
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