Re: [CANSLIM] COLM

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] COLM
Date: Wed, 11 Sep 2002 20:32:47 -0500

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Gosh, you're making me think *way* to hard for this time of night!

Good point and I'm not sure I have a definitive answer. In the case of COLM,
if you look at all three charts in totality.... what I see is that there is
always a lot of volume around the $30+ mark. For the most part, the sellers
and buyers seem to have equal strength in that area (using the price by
volume chart). So I think if you're trying to assess half empty/half
full...if there is no strength in the move going up into that resistance
area (witness the low U/D ratio for COLM lately) then I'd say that it's
going to be a tough nut to crack. If, on the other hand, you exhaust the
sellers going into that resistance zone, as you suggest and you see it in a
strong U/D ratio, then you would have a greater probability of blowing
through it on the next try.

Katherine

- ----- Original Message -----
From: "Kent Norman" <kent_norman@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, September 11, 2002 8:18 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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