Re: [CANSLIM] APOL

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] APOL
Date: Thu, 10 Oct 2002 22:50:48 -0400
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Sol, the key to a good LLUR chart is that the trend is consistent. If =
you look at APOL's chart on a daily basis, it looks a little choppy, =
with many ups and downs. So you are tempted to try to time it so you get =
in on a brief pullback. But look at its chart on a weekly basis, and the =
trend is quite apparent. It really didn't matter, so long as you are =
investing for the long term, if you picked it up on a pullback, or as it =
hit a new high, so long as you are not going to be upset if you spend a =
few days or even weeks with a small loss in case it pulls back =
immediately.

What you want to focus on is finding the trend line. The 50 dma often =
gives you this, but it can be almost any moving average line. For the =
short term traders / investors this becomes their entry point, but only =
as it it rising from this technical support line. For longer term =
investors who dislike ever having even a small loss, this works as well. =
The danger of trying to find the perfect entry point is that by the time =
it happens, several weeks may have passed, and its already 10 or 20% =
higher than when you first started watching it. So even if you had bot =
the high, and been patient for those several weeks, you would have been =
happy with it.

- ----- Original Message -----=20
From: Sol Mayer=20
To: canslim@lists.xmission.com=20
Sent: Thursday, October 10, 2002 10:16 AM
Subject: Re: [CANSLIM] APOL


Q. where do you get in on a LLUR if you missed the initial BO ? (unless =
it sets up another base)=20

 Tom Worley wrote:=20

  APOL has been carving a rather pretty LLUR chart for nearly 18 months =
now.
  If you look at a weekly chart rather than a daily, it could turn many =
day
  traders into long term investors.

  ----- Original Message -----
  From:=20
  To:=20
  Sent: Tuesday, October 08, 2002 3:05 PM
  Subject: [CANSLIM] APOL


  All,

  In general, the group to which APOL belongs has been moving up nicely =
for a
  while, until a couple of days ago when DeVry announced it earnings =
outlook,
  but what type of pattern, if any would you say APOL is carving?

  Thanks

  Mike


  Mike Niemotka , PE
  Sr. Principal Engineer
  Baxter Healthcare Corporation
  Route 120 & Wilson Road
  Round Lake, IL 60073
  Tel (847) 270-4075
  Fax (847) 270-4525
  michael_niemotka@baxter.com



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<DIV><FONT face=3DArial>Sol, the key to a good LLUR chart is that the =
trend is=20
consistent. If you look at APOL's chart on a daily basis, it looks a =
little=20
choppy, with many ups and downs. So you are tempted to try to time it so =
you get=20
in on a brief pullback. But look at its chart on a weekly basis, and the =
trend=20
is quite apparent. It really didn't matter, so long as you are investing =
for the=20
long term, if you picked it up on a pullback, or as it hit a new high, =
so long=20
as you are not going to be upset if you spend a few days or even weeks =
with a=20
small loss in case it pulls back immediately.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>What you want to focus on is finding the trend =
line. The=20
50 dma often gives you this, but it can be almost any moving average =
line. For=20
the short term traders / investors this becomes their entry point, but =
only as=20
it it rising from this technical support line. For longer term investors =
who=20
dislike ever having even a small loss, this works as well. The danger of =
trying=20
to find the perfect entry point is that by the time it happens, several =
weeks=20
may have passed, and its already 10 or 20% higher than when you first =
started=20
watching it. So even if you had bot the high, and been patient for those =
several=20
weeks, you would have been happy with it.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dsmaye1211@yahoo.com href=3D"mailto:smaye1211@yahoo.com">Sol =
Mayer</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> Thursday, October 10, 2002 10:16 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] APOL</DIV></DIV>
<DIV><BR></DIV>
<P>Q. where do you get in on a LLUR if you missed the initial BO ? =
(unless it=20
sets up another base)=20
<P>&nbsp;<B><I>Tom Worley <STKGURU@BELLSOUTH.NET></I></B>wrote:=20
<BLOCKQUOTE=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px =
solid">APOL=20
  has been carving a rather pretty LLUR chart for nearly 18 months =
now.<BR>If=20
  you look at a weekly chart rather than a daily, it could turn many=20
  day<BR>traders into long term investors.<BR><BR>----- Original Message =

  -----<BR>From: <MICHAEL_NIEMOTKA@BAXTER.COM><BR>To:=20
  <CANSLIM@LISTS.XMISSION.COM><BR>Sent: Tuesday, October 08, 2002 3:05=20
  PM<BR>Subject: [CANSLIM] APOL<BR><BR><BR>All,<BR><BR>In general, the =
group to=20
  which APOL belongs has been moving up nicely for a<BR>while, until a =
couple of=20
  days ago when DeVry announced it earnings outlook,<BR>but what type of =

  pattern, if any would you say APOL is=20
  carving?<BR><BR>Thanks<BR><BR>Mike<BR><BR><BR>Mike Niemotka , =
PE<BR>Sr.=20
  Principal Engineer<BR>Baxter Healthcare Corporation<BR>Route 120 &amp; =
Wilson=20
  Road<BR>Round Lake, IL 60073<BR>Tel (847) 270-4075<BR>Fax (847)=20
  270-4525<BR>michael_niemotka@baxter.com<BR><BR><BR><BR>-<BR>-To=20
  subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email =
body,=20
  write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use =
quotes in=20
  your email.<BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email=20
  "majordomo@xmission.com"<BR>-In the email body, write "subscribe =
canslim"=20
  or<BR>-"unsubscribe canslim". Do not use quotes in your =
email.</BLOCKQUOTE>
<P><BR>
<HR SIZE=3D1>
Do you Yahoo!?<BR><A href=3D"http://faith.yahoo.com">Faith Hill</A> - =
Exclusive=20
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