RE: [CANSLIM] APPX

From: "David Rubin" <daverubin@yahoo.com>
Subject: RE: [CANSLIM] APPX
Date: Wed, 6 Nov 2002 12:14:08 -0500

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Seems to me the breakout of a C&H was on 10/10, with a pivot under 18.
Recent activity is a correction, not a second base IMO.

> -----Original Message-----
> From: owner-canslim@lists.xmission.com 
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of 
> michael_niemotka@baxter.com
> Sent: Wednesday, November 06, 2002 10:42 AM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] APPX
> 
> 
> This stock just jumped 10%.  Fundies look strong, but wondering on
> everyone's interpretation of the chart.  From the weekly 
> chart, it looks
> like the stock is now breaking out of a cup with no handle, 
> PP=$22.10, but
> if you look at a daily chart, if looks like maybe cwh, with 
> around the same
> pivot point, but the volume action in the handle is all 
> wrong, all above
> average, rather than drying up.
> 
> Any help would be appreciated.
> 
> 
> 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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