RE: [CANSLIM] ICUI

From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] ICUI
Date: Wed, 11 Sep 2002 11:13:33 -1000
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Hi Marc,

Thanks. I should have commented on the volume also. The market volume has
been low, but there have been several stocks forming CwH's with plenty of
volume relative to their 50 dma's. Here's a few current ones (not
necessarily CANSLIM) and I'm refering only to their right sides, handles may
be ugly...

PRGX, BLC, PPP, GDW, POG, GDW, CFBX, DLX

Also TREE which broke out on Monday also had v. good r. s. volume...

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 10:38 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] ICUI


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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