Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] AZO
Date: Mon, 21 Oct 2002 20:46:55 -0400
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Mike, I disagree slightly on the details. I see the pivot point being set by the intraday high on 6/10/02 of $84.50, thus would see the b/o on 10/17 (traded over 84.60 but vol under ADV) or possibly 10/18 (when vol beat ADV but not by twice). In either case, volume not ideal. I see it having formed a handle starting 10/2/02. - ----- Original Message ----- From: <michael_niemotka@baxter.com> To: <canslim@lists.xmission.com> Sent: Monday, October 21, 2002 9:06 AM Subject: [CANSLIM] AZO I have been studying this chart for a while, and am wondering what the consensus is on It looks on a daily chart like it might have broken out on 10/15 because the pivot was $83.29 (10/2 high) but on a weekly chart, it looks like it still needs to form a handle. If the pattern is cup without a handle, then the pivot would be the left hand side of the cup, 6/14 and $84.60, but either way, the volume has not been great at either breakout point. Thanks 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 - - - -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.
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