Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] IBD Article on IGT
Date: Mon, 23 Sep 2002 20:49:48 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_005F_01C26342.C1465AC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chris, just a guess on my part, but looks to me like the "base" they are = referring to is a volatile c&h, and they are using the flat line base = that ran from 1/1/02 to 1/24/02 to establish a pivot point, rather the = the high that immediately preceded the flat line base. I am a little surprised they would get excited about volume 150% of ADV, = rather than at least 200%, and in this "M" want more like 300 or 400%. Because of the time that has already passed, I might have also = disregarded the high set 12/27/01. - ----- Original Message -----=20 From: Chris Mc=20 To: canslim@lists.xmission.com=20 Sent: Sunday, September 22, 2002 5:09 PM Subject: [CANSLIM] IBD Article on IGT Hello to All. Can someone take a look at IGT's chart. Just trying to interpret = article in IBD on 9/11 re: IGT "clearing a base started in late = December" and "bursting out of an 8 l/2 month base" - "volume finishing = 50% above its 50 day average" to close at $68.32... In order to CLEAR a base, wouldn't price have to exceed $71.95 which was = high on 12/27/01? =20 Thanks to all Chris Mc - ------=_NextPart_000_005F_01C26342.C1465AC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>Chris, just a guess on my part, but looks to me = like the=20 "base" they are referring to is a volatile c&h, and they are using = the flat=20 line base that ran from 1/1/02 to 1/24/02 to establish a pivot point, = rather the=20 the high that immediately preceded the flat line base.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I am a little surprised they would get excited = about=20 volume 150% of ADV, rather than at least 200%, and in this "M" want more = like=20 300 or 400%.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Because of the time that has already passed, I = might have=20 also disregarded the high set 12/27/01.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dmcjass@charter.net href=3D"mailto:mcjass@charter.net">Chris = Mc</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Sunday, September 22, 2002 5:09 PM</DIV> <DIV><B>Subject:</B> [CANSLIM] IBD Article on IGT</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3D"Lucida Sans Unicode" size=3D2>Hello to = All.</FONT></DIV> <DIV><FONT face=3D"Lucida Sans Unicode" size=3D2></FONT> </DIV> <DIV><FONT face=3D"Lucida Sans Unicode" size=3D2>Can someone take a look = at IGT's=20 chart. Just trying to interpret article in IBD on 9/11 re: IGT = "clearing a=20 base started in late December" and "bursting out of an 8 l/2 month base" = - -=20 "volume finishing 50% above its 50 day average" to close at=20 $68.32...</FONT></DIV> <DIV><FONT face=3D"Lucida Sans Unicode" size=3D2></FONT> </DIV> <DIV><FONT face=3D"Lucida Sans Unicode" size=3D2>In order to CLEAR a = base, wouldn't=20 price have to exceed $71.95 which was high on = 12/27/01? </FONT></DIV> <DIV><FONT face=3D"Lucida Sans Unicode" size=3D2></FONT> </DIV> <DIV><FONT face=3D"Lucida Sans Unicode" size=3D2>Thanks to = all</FONT></DIV> <DIV><FONT face=3D"Lucida Sans Unicode" size=3D2></FONT> </DIV> <DIV><FONT face=3D"Lucida Sans Unicode" size=3D2>Chris = Mc</FONT></DIV></BODY></HTML> - ------=_NextPart_000_005F_01C26342.C1465AC0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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