Re: [CANSLIM] COLM

From: Kent Norman <kent_norman@yahoo.com>
Subject: Re: [CANSLIM] COLM
Date: Wed, 11 Sep 2002 18:57:04 -0700 (PDT)

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If this line of thinking is carried to an extreme, would it affect the
way charts are read for C&H?

I suspect that WON like others see the effect (the chart) and has to
guess/interpret the meaning. I don't discount his experience and
wisdom. The C&H is still a valid formation regardless of our ideas
as to how it was formed. As long as volume declines with a fairly flat
handle, I guess it does not matter if the overhead supply is drying up,
or people are taking profits from below. When few people (shares) are
willing to sell, the price goes up.

Regards
Kent

- --- Tom Worley <stkguru@bellsouth.net> wrote:
> I'm with the devil on that point, Kent. I had the same thought,
but
> then I
> am a contrarian optimist, whatever that is!!
> 
> ----- Original Message -----
> From: "Kent Norman" <kent_norman@yahoo.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, September 11, 2002 9:18 PM
> Subject: Re: [CANSLIM] COLM
> 
> 
> Thank you Katherine
> 
> This leads to another point of view - is the glass half empty or
half
> full?
> 
> Wouldn't high (selling) activity indicate the supply is closer to
> depletion? Seems this would make for less resistance?
> 
> Devil's advocate
> Kent Norman
> 
> --- Katherine Malm <kmalm@earthlink.net> wrote:
> <snip>
> > What we *do* know is the amount of activity at different
price
> points
> > and thus, the probability that it will create problems down
the
> road.
> 
> <snip>
> 
> 
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