RE: [CANSLIM] IBD Weblink

From: "inderjit" <inderjit@adelphia.net>
Subject: RE: [CANSLIM] IBD Weblink
Date: Sat, 12 Oct 2002 10:21:25 -0700

Next Article (by Subject): Re: [CANSLIM] IBD Weblink "Tom Worley"
Previous Article (by Subject): RE: [CANSLIM] IBD Weblink "inderjit"
Top of Thread: Re: [CANSLIM] IBD Weblink Kent Norman
Next in Thread: Re: [CANSLIM] IBD Weblink "Tom Worley"
Articles sorted by: [Date] [Author] [Subject]

Do you read IBD?

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Saturday, October 12, 2002 6:34 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] IBD Weblink

I really wonder sometimes if WON even reads IBD any more

- ----- Original Message -----
From: "Kent Norman" <kent_norman@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, October 12, 2002 12:26 AM
Subject: Re: [CANSLIM] IBD Weblink


Perhaps the "integrity cops" should monitor their own publications...

Kent

- --- Tom Worley <stkguru@bellsouth.net> wrote:
> and not the first time, nor will be the last, that IBD attempts to
> interpret and redefine what WON "really" meant. Would be interesting
> to know just how closely he monitors what his paper says in his name,
> and whether they are speaking for him, or for themselves and their
> interpretation.
>
> ----- Original Message -----
> From: Chris Dempsey
> To: canslim@lists.xmission.com
> Sent: Friday, October 11, 2002 7:40 PM
> Subject: RE: [CANSLIM] IBD Weblink
>
>
> Excellent work. I agree with you.
>
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
> Sent: Friday, October 11, 2002 6:09 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] IBD Weblink
>
>
>
> Hi jans & Mike,
>
>
>
> I've read through the weblink a couple of times and gone back to my
> notes on C&H bases, handles, and HTMMIS. I think what's happened is a
> case of sloppy editing in the weblink.
>
>
>
> The left side of a cup is printed when the stock starts a correction
> after a prior uptrend of 30% or more. With APPX, that means that the
> left side of the cup is *not* the 52 wk high set on 1/4 (22.00) as
> they implied, but instead, is the high set on 3/15 (19.11). The left
> side starts on 3/15 because the rise from the low 2/8 (12.97) to the
> peak on 3/15 was (19.11-12.97)/12.97 = 47%, setting up the new
> correction and beginning of the cup. See an annotated chart at
> http://WallStreet-LLC.com/canslim/APPX101102.JPG
>
>
>
> In HTMMIS, the wording WON uses to define the beginning of the handle
> and the pivot buy point is "most occur 5% to 10% below the former
> peak....and this is almost always somewhat below the base's actual
> high point." The key word to me is that they are identifying the
> start of the handle in relationship to the *base's* high point. There
> are a couple of examples to demonstrate that the left side of the
> base is not always the old 52 wk high. See for example, VRSN on p.
> 159 or PMCS on p. 162 of the new edition of HTMMIS.
>
>
>
> Once the left side of the base is properly identified, then it's
> simply a matter of testing whether the handle is valid:
>
>
>
> 1. Did it form within 5-15% of the base high? yes
>
> 2. Did it form in the upper half of the base? yes
>
> 3. Did it droop no more than 30% (that's a valid "bear market droop",
> though the norm is 10-20%)? yes
>
> 4. Did it drift down on light volume? yes--though you could see the
> beginning of the breakout in the last day of the handle.
>
> 5. Did it form above the 200 day MA? yes
>
> 6. Was it at least 5 days long? yes
>
> 7. Did volatility in the handle contract? debatable, though not
> exceedingly zig zaggish and handles will often have a big shakeout
> day
>
>
>
> None of that's to say that the breakout won't fail, but I have to
> disagree with the weblink's analysis this time.
>
>
>
> Katherine
>
>
>


=====
There are 3 kinds of people in the world. Those who can count and those
who
can't.

__________________________________________________
Do you Yahoo!?
Faith Hill - Exclusive Performances, Videos & More
http://faith.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.


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.