Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] COLM
Date: Wed, 11 Sep 2002 21:06:36 -0500
Next Article (by Subject): RE: [CANSLIM] COLM "Lin Wells"
Previous Article (by Subject): Re: [CANSLIM] COLM Kent Norman
Top of Thread: Re: [CANSLIM] COLM "Katherine Malm"
Next in Thread: RE: [CANSLIM] COLM "Lin Wells"
Articles sorted by: [Date]
[Author]
[Subject]
I agree...that's why I'd put more emphasis on the quality of the base than where it is in relationship to the 52WH, and thus, overhead resistance. In a Bear market in particular, there are going to be a lot of good stocks that manage to form a a good quality base and break out after relatively deep corrections. As long as the volume is high/low in all the right places, the handle is well formed and in the right spot (midpoint no lower than midpoint of base, etc, etc.---see my long list of handle characteristics posted a couple of weeks ago), the fundamentals and due diligence characteristics are in place, and the stock breaks out on good volume, then that's evidence enough that there is little resistance overhead. I never intended the issue of overhead resistance to carry so much weight...was just responding to your "wouldn't it be nice to know...." post! Katherine - ----- Original Message ----- From: "Kent Norman" <kent_norman@yahoo.com> To: <canslim@lists.xmission.com> Sent: Wednesday, September 11, 2002 8:57 PM Subject: Re: [CANSLIM] COLM | 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> | > | > | > ===== | > There are 3 kinds of people in the world. Those who can count and | > those who | > can't. | > | > __________________________________________________ | > Yahoo! - We Remember | > 9-11: A tribute to the more than 3,000 lives lost | > http://dir.remember.yahoo.com/tribute | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | > | > | > | > | > - | > -To subscribe/unsubscribe, email "majordomo@xmission.com" | > -In the email body, write "subscribe canslim" or | > -"unsubscribe canslim". Do not use quotes in your email. | | | ===== | There are 3 kinds of people in the world. Those who can count and those who can't. | | __________________________________________________ | Do you Yahoo!? | Yahoo! News - Today's headlines | http://news.yahoo.com | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): RE: [CANSLIM] COLM "Lin Wells"
Previous Article (by Subject): Re: [CANSLIM] COLM Kent Norman
Top of Thread: Re: [CANSLIM] COLM "Katherine Malm"
Next in Thread: RE: [CANSLIM] COLM "Lin Wells"
Articles sorted by: [Date]
[Author]
[Subject]