Re: [CANSLIM] IBD Weblink

From: Spencer48@aol.com
Subject: Re: [CANSLIM] IBD Weblink
Date: Fri, 11 Oct 2002 16:22:25 EDT

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Mike:

     This is a passage from IBD's Weblink today on APPX:  "...Was this 
consolidation a sound handle? No, it wasn't. The low of the handle, 15.08, 
stood 31% off the 52-week high of 22. A healthy handle forms 5% to 15% off 
the stock's high in a strong market, up to 20% off the high in a bear. Thus 
Thursday's 8% gain on heavy volume (Point 3), while impressive, didn't 
constitute a true breakout...."

     Previously, I thought WON had said that the low of the handle should not 
go below 35% of the previous rise to the left lip.  

     By The Way (whoever reads this far down):  I generally compile my IBD 
"New America" stocks every Friday.  Today I noticed that ALL of the stocks in 
New America for this week are in the Medical-Products or Medica/Dental 
Supplies or Medical Drugs industries.  You think-with this repetition of 
"Medical"-IBD is hinting at something?

jans




In a message dated 10/11/2002 3:55:18 PM Eastern Daylight Time, 
mike@proactech.com writes:

<< It used to be that the pivot should be within 5-15% of the left side of the
 cup, but here they say 5-15% of the 52 week high. This seems to imply a new
 constraint that the left side of the cup should also be a 52 week high. >>

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