[CANSLIM] multiple bases/failed breakout

From: "Ann" <annholly@attbi.com>
Subject: [CANSLIM] multiple bases/failed breakout
Date: Sun, 20 Oct 2002 10:37:15 -0400

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Hello, all,

I am looking for some confirmation and/or clarification on when the chart
shows multiple bases, when they are failed breakouts, and what are the
implications for strength/weakness.

Is the following right?



New Stage Base: forms after a previous 25-30% advance.

Base-on-base formation: Stock breaks out, advances, but not 20-30% before
forming a new base.

Ascending Base: breaks out with volume, then fails and forms 2 new bases,
each with a higher bottom than the previous one.

Failed Breakout: Stock breaks out with volume, then pulls back into the
middle or lower part of the base.



Thanks ahead of time for the feedback.

Ann H.




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