RE: [CANSLIM] ICUI

From: Marc Deiter <dites@yahoo.com>
Subject: RE: [CANSLIM] ICUI
Date: Wed, 11 Sep 2002 13:38:25 -0700 (PDT)

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Mike,

The chart was included, I simply missed the text box on the left.

Thanks.

- --- Mike Gibbons <mikegibbons@proactech.com> wrote:
> The left cup was on 5/6/02 at $42.90. Could you see my chart that I
> included?
> 
> 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 Marc Deiter
> Sent: Wednesday, September 11, 2002 8:58 AM
> To: canslim@lists.xmission.com
> Subject: RE: [CANSLIM] ICUI
> 
> 
> Thanks Mike. A follow-up question -
> 
> 1.  Where do you calculate the top of the cup?  The left side is
> kind
> of messy.
> 2.  Agree; market volume has been low during that time also
> 3.  Missed the wedging discussions, will have to get to the
> archives.
> 
> 
> --- Mike Gibbons <mikegibbons@proactech.com> wrote:
> > Hi Marc,
> >
> > ICUI is actually in a weak cwH formation as shown below. There
> are
> > a number of problems with the chart that I see:
> >   1.. The handle should form in the upper half of the cup but the
> > low in the handle low drops below that limit
> >   2.. Volume coming up the right side of the cup was consistently
> > below the 50 dma
> >   3.. The handle is showing an upward wedging shape (see recent
> > postings on this from Katherine).
> > However, on the positive side, The RS is a strong 92 and the
> > up/down volume ratio is a very healthy 1.6 ( by my calculations).
> > Both
> > lines are trending up. This may indicate stealth buying by
> > institutions.
> >
> > I just write the code that finds the charts. Those with more
> chart
> > analysis expertise than me can probably contribute more.
> >
> >
> >
> >
> >
> > 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 Marc Deiter
> > Sent: Wednesday, September 11, 2002 7:35 AM
> > To: canslim@lists.xmission.com
> > Subject: [CANSLIM] ICUI
> >
> >
> > ICUI appears to be near a pivot point of 39.10.  The chart looks
> > decent and the fundamentals look good, including an up/down vol
> of
> > 1.8.  Volume has dried up in the handle and the RS line is
> heading
> > up
> > and at a high.
> >
> > Any thoughts on how to extrapolate the volume today with the late
> > open of the market?
> >
> > I don't plan on purchasing due to my rookie status and the
> > questionable status of volume in M, but am curious about your
> > thoughts in order to learn.
> >
> > Thanks,
> > Marc
> >
> > __________________________________________________
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> 
> 
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