Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Volume and CWH (was M)
Date: Tue, 26 Nov 2002 08:46:22 -0600
Previous Article (by Date): Re: [CANSLIM] M AJAskey@aol.com
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0017_01C29528.4C2615B0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Hi Curt,
I'm of a mind that simple is better when it comes to reading charts, and =
as with most things it just takes practice to become proficient, just as =
you suggested. I still "practice" every day. One of the things I like so =
much about the CANSLIM list is that people will often bring up stocks =
that I personally have glossed over, but I use their mention of a stock =
to practice reading the chart more closely. As chart reading is such a =
visual process, I think anything that helps interpret the price/volume =
action is helpful. I'm fairly purist, and stick to the simplest of =
indicators, but I find that the pattern of the Up/Down volume helps =
summarize the recent action. As this is a simple ratio of volume on up =
days to volume on down days over the last 50 days, it's not a perfect =
indicator, but it helps "see" the P/V action a little differently.
I've used the IWM ETF as a proxy for the Russell 2000 so that you can =
see what I mean. See it at:
http://Wallstreet-LLC.com/canslim/IWM112202.JPG
Another tool I use extensively and that I like very much is Bill Lee's =
Excel spreadsheet. It's designed to help you read the market, but can =
also be used to "read" any individual stock. Each accumulation and =
distribution day is marked with a color and is *very* easy to see =
patterns of accumulation and distribution (yellow/orange/red for =
distribution, green for accumulation). See the last year of the NASDAQ =
and you can see what I mean....plenty of red most of the year, but =
plenty of green while the Naz built the right side of the cup. See a =
sample at:
http://Wallstreet-LLC.com/canslim/NASDAQ112202.JPG. Bill's product is a =
moderately priced shareware program and I have no business affiliation =
with him....just a happy customer. Read more about his tool at =
http://www.market-tester.com
Katherine
- ----- Original Message -----=20
From: Curt Corley=20
To: canslim@lists.xmission.com=20
Sent: Friday, November 22, 2002 8:30 PM
Subject: [CANSLIM] Volume and CWH (was M)
Katherine,
=20
Thanks for your input. Your help is invaluable. I looked at the =
indices in TC2000 with MoneyStream and Time Segmented Volume. I looked =
at the NASDAQ, S&P-500, and Russell 2000. Here's what I found on all 3 =
charts.
=20
CMS:
MoneyStream stayed above it's linear regression line on the left side of =
the cup, on the right side of the cup, and during the BO. However, it =
stayed below the linear regression line along the bottom of the cup and =
during the handle formation.
=20
TSV:
TSV stayed mainly above the center line during the left-side of the cup. =
Toward the bottom of the cup, TSV plunged way below the zero line. On =
the right side of the cup, TSV shot high above the center line again. =
During the handle formation and the BO, TSV dipped down and back up =
again.
=20
I guess this is supposed to tell me that volume supported the price =
action because there were no divergences. Since you mentioned =
Accumulation/Distribution, I probably should have looked at On Balance =
Volume and/or Balance of Power. However, I haven't had much success =
with those indicators in the past.
=20
I'm trying to become more proficient at chart reading, and you're =
certainly helping a great deal along with other members of this list. =
Once again, thank you very much.
=20
Cheers,
Curt
=20
=20
- -----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Thursday, November 21, 2002 10:58 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] M
=20
Hi Curt,
=20
I don't think when you're looking at patterns on major indexes such as =
the NASDAQ that the pattern of volume would be used in the same way that =
it is on an individual stock. My take on it is simply that an index =
represents a huge number of individual stocks, and while the general =
price pattern will indicate a reversal of a trend or a general shift in =
psychology and pattern of buying and selling in the market, the volume =
doesn't really tell you the same story as it does in an individual =
stock. In other words, I think that it's more important to look for a =
pattern of accumulation outpacing distribution (up days on higher volume =
than the previous day vs. down days on higher volume), than it is to =
look for the "bathtub" volume pattern that one would use on an =
individual stock.
=20
Katherine
----- Original Message -----=20
From: Curt Corley=20
To: canslim@lists.xmission.com=20
Sent: Thursday, November 21, 2002 6:27 PM
Subject: RE: [CANSLIM] M
=20
I'm glad you mentioned the General Markets & Sectors commentary in =
today's IBD. I looked at the charts, and they did not appear to have =
rising volume on the sides of the cups. As a matter of fact, the =
heaviest volume days were at the very bottom of the cup. I don't think =
the indices have shown great cwh characteristics. However, I'm a novice =
at this stuff, so I would appreciate any criticism or validation of my =
view. =20
=20
Curt
=20
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short
Sent: Thursday, November 21, 2002 3:11 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] M
=20
Speaking of handles- what are peoples' thoughts on WON's comment from =
this morning about the NASDAQ forming a cup and handle? Volume in the =
handle seems a bit "imperfect" but I don't want to be the one to rain on =
the parade!
- -------------------------------------------------------------------------=
- ---
- ------=_NextPart_000_0017_01C29528.4C2615B0
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML xmlns=3D"http://www.w3.org/TR/REC-html40" xmlns:v =3D=20
"urn:schemas-microsoft-com:vml" xmlns:o =3D=20
"urn:schemas-microsoft-com:office:office" xmlns:w =3D=20
"urn:schemas-microsoft-com:office:word" xmlns:st1 =3D=20
"urn:schemas-microsoft-com:office:smarttags"><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3DWord.Document name=3DProgId>
<META content=3D"MSHTML 6.00.2800.1126" name=3DGENERATOR>
<META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20
href=3D"cid:filelist.xml@01C29266.0F2FB720" rel=3DFile-List><LINK=20
href=3D"cid:editdata.mso@01C29266.0F2FB720" rel=3DEdit-Time-Data><!--[if =
!mso]>
<STYLE>v\:* {
BEHAVIOR: url(#default#VML)
}
o\:* {
BEHAVIOR: url(#default#VML)
}
w\:* {
BEHAVIOR: url(#default#VML)
}
.shape {
BEHAVIOR: url(#default#VML)
}
</STYLE>
<![endif]--><o:SmartTagType name=3D"time"=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype><o:SmartTagType=20
name=3D"date"=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype><!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:SpellingState>Clean</w:SpellingState>
<w:GrammarState>Clean</w:GrammarState>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
<w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
</w:WordDocument>
</xml><![endif]--><!--[if !mso]>
<STYLE>
st1\:*{behavior:url(#default#ieooui) }
</STYLE>
<![endif]-->
<STYLE>
<!--
/* Font Definitions */
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;
mso-font-charset:0;
mso-generic-font-family:swiss;
mso-font-pitch:variable;
mso-font-signature:553679495 -2147483648 8 0 66047 0;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{mso-style-parent:"";
margin:0in;
margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";}
a:link, span.MsoHyperlink
{color:blue;
text-decoration:underline;
text-underline:single;}
a:visited, span.MsoHyperlinkFollowed
{color:blue;
text-decoration:underline;
text-underline:single;}
p
{mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
mso-pagination:widow-orphan;
font-size:12.0pt;
font-family:"Times New Roman";
mso-fareast-font-family:"Times New Roman";}
span.EmailStyle18
{mso-style-type:personal;
mso-style-noshow:yes;
mso-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;
font-family:Arial;
mso-ascii-font-family:Arial;
mso-hansi-font-family:Arial;
mso-bidi-font-family:Arial;
color:navy;}
span.EmailStyle19
{mso-style-type:personal-reply;
mso-style-noshow:yes;
mso-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;
font-family:Arial;
mso-ascii-font-family:Arial;
mso-hansi-font-family:Arial;
mso-bidi-font-family:Arial;
color:navy;}
span.SpellE
{mso-style-name:"";
mso-spl-e:yes;}
span.GramE
{mso-style-name:"";
mso-gram-e:yes;}
@page Section1
{size:8.5in 11.0in;
margin:1.0in 1.25in 1.0in 1.25in;
mso-header-margin:.5in;
mso-footer-margin:.5in;
mso-paper-source:0;}
div.Section1
{page:Section1;}
- -->
</STYLE>
<!--[if gte mso 10]>
<style>
/* Style Definitions */=20
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";}
</style>
<![endif]--><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext=3D"edit" spidmax=3D"1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext=3D"edit">
<o:idmap v:ext=3D"edit" data=3D"1" />
</o:shapelayout></xml><![endif]--></HEAD>
<BODY lang=3DEN-US style=3D"tab-interval: .5in" vLink=3Dblue link=3Dblue =
bgColor=3Dwhite>
<DIV>Hi Curt,</DIV>
<DIV> </DIV>
<DIV>I'm of a mind that simple is better when it comes to reading =
charts, and as=20
with most things it just takes practice to become proficient, just as =
you=20
suggested. I still "practice" every day. One of the things I like so =
much about=20
the CANSLIM list is that people will often bring up stocks that I =
personally=20
have glossed over, but I use their mention of a stock to practice =
reading the=20
chart more closely. As chart reading is such a visual process, I think =
anything=20
that helps interpret the price/volume action is helpful. I'm fairly =
purist, and=20
stick to the simplest of indicators, but I find that the pattern of the =
Up/Down=20
volume helps summarize the recent action. As this is a simple ratio of =
volume on=20
up days to volume on down days over the last 50 days, it's not a perfect =
indicator, but it helps "see" the P/V action a little differently.</DIV>
<DIV> </DIV>
<DIV>I've used the IWM ETF as a proxy for the Russell 2000 so that you =
can see=20
what I mean. See it at:</DIV>
<DIV><A=20
href=3D"http://Wallstreet-LLC.com/canslim/IWM112202.JPG">http://Wallstree=
t-LLC.com/canslim/IWM112202.JPG</A></DIV>
<DIV> </DIV>
<DIV>Another tool I use extensively and that I like very much is Bill =
Lee's=20
Excel spreadsheet. It's designed to help you read the market, but can =
also be=20
used to "read" any individual stock. Each accumulation and distribution =
day is=20
marked with a color and is *very* easy to see patterns of accumulation =
and=20
distribution (yellow/orange/red for distribution, green for =
accumulation). See=20
the last year of the NASDAQ and you can see what I mean....plenty of red =
most of=20
the year, but plenty of green while the Naz built the right side of the =
cup. See=20
a sample at:</DIV>
<DIV><A=20
href=3D"http://Wallstreet-LLC.com/canslim/NASDAQ112202.JPG">http://Wallst=
reet-LLC.com/canslim/NASDAQ112202.JPG</A>.=20
Bill's product is a moderately priced shareware program and I have no =
business=20
affiliation with him....just a happy customer. Read more about his tool =
at <A=20
href=3D"http://www.market-tester.com">http://www.market-tester.com</A></D=
IV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dcjcorley@hiwaay.net href=3D"mailto:cjcorley@hiwaay.net">Curt =
Corley</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Friday, November 22, 2002 8:30 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] Volume and CWH (was M)</DIV></DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">Katherine,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">Thanks for =
your=20
input.<SPAN style=3D"mso-spacerun: yes"> </SPAN>Your help is=20
invaluable.<SPAN style=3D"mso-spacerun: yes"> </SPAN>I looked at =
the indices=20
in TC2000 with <SPAN class=3DSpellE>MoneyStream</SPAN> and Time =
Segmented=20
Volume.<SPAN style=3D"mso-spacerun: yes"> </SPAN>I looked at the =
NASDAQ,=20
S&P-500, and Russell 2000.<SPAN style=3D"mso-spacerun: yes"> =20
</SPAN>Here=92s what I found on all 3 =
charts.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">CMS:<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><SPAN class=3DSpellE><FONT face=3DArial =
color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">MoneyStream</SPAN></FONT></SPAN><FONT=20
face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"> stayed above =
<SPAN=20
class=3DGramE>it=92s</SPAN> linear regression line on the left side of =
the cup, on=20
the right side of the cup, and during the BO.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>However, it stayed below the =
linear=20
regression line along the bottom of the cup and during the handle=20
formation.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">TSV:<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">TSV stayed =
mainly above=20
the center line during the left-side of the cup.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Toward the bottom of the cup, =
TSV=20
plunged way below the zero line. <SPAN style=3D"mso-spacerun: =
yes"> </SPAN>On=20
the right side of the cup, TSV shot high above the center line =
again.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>During the handle formation =
and the BO,=20
TSV dipped down and back up again.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">I guess this =
is=20
supposed to tell me that volume supported the price action because there =
were no=20
divergences.<SPAN style=3D"mso-spacerun: yes"> </SPAN>Since you =
mentioned=20
Accumulation/Distribution, I probably should have looked at On Balance =
Volume=20
and/or Balance of Power.<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>However, I=20
haven=92t had much success with those indicators in the=20
past.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">I=92m trying =
to become=20
more proficient at chart reading, and you=92re certainly helping a great =
deal=20
along with other members of this list.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>Once again, thank you very much.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">Cheers,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">Curt<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Katherine=20
Malm<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B>=20
</SPAN></FONT><st1:date Year=3D"2002" Day=3D"21" Month=3D"11"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Thursday, =
November 21,=20
2002</SPAN></FONT></st1:date><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> </SPAN></FONT><st1:time=20
Minute=3D"58" Hour=3D"22"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">10:58=20
PM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">To:</SPAN></B> =
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM] =
M</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">Hi =
Curt,<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">I don't think when you're =
looking at=20
patterns on major indexes such as the NASDAQ that the pattern of volume =
would be=20
used in the same way that it is on an individual stock. My take on it is =
simply=20
that an index represents a huge number of individual stocks, and while =
the=20
general price pattern will indicate a reversal of a trend or a general =
shift in=20
psychology and pattern of buying and selling in the market, the volume =
doesn't=20
really tell you the same story as it does in an individual stock. In =
other=20
words, I think that it's more important to look for a pattern of =
accumulation=20
outpacing distribution (up days on higher volume than the previous day =
vs. down=20
days on higher volume), than it is to look for the "bathtub" volume =
pattern that=20
one would use on an individual stock.<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">Katherine<o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; MARGIN: 5pt 0in 5pt =
3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none">
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">----- Original Message =
- -----=20
<o:p></o:p></SPAN></FONT></P></DIV>
<DIV style=3D"font-color: black">
<P class=3DMsoNormal style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: =
0.5in"><B><FONT=20
face=3DArial size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
title=3Dcjcorley@hiwaay.net href=3D"mailto:cjcorley@hiwaay.net">Curt =
Corley</A>=20
<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> Thursday,=20
November 21, 2002 6:27 PM<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> RE:=20
[CANSLIM] M<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">I=92m glad=20
you mentioned the General Markets & Sectors commentary in =
today=92s=20
IBD.<SPAN style=3D"mso-spacerun: yes"> </SPAN>I looked at the =
charts, and=20
they did not appear to have rising volume on the sides of the =
cups.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>As a matter of fact, the =
heaviest=20
volume days were at the very bottom of the cup.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I don=92t think the indices =
have shown=20
great cwh characteristics.<SPAN style=3D"mso-spacerun: yes"> =20
</SPAN>However, I=92m a novice at this stuff, so I would appreciate =
any=20
criticism or validation of my view.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">Curt<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Kelly=20
Short<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B>=20
</SPAN></FONT><st1:date Year=3D"2002" Day=3D"21" Month=3D"11"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Thursday, November=20
21, 2002</SPAN></FONT></st1:date><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Minute=3D"11" Hour=3D"15"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">3:11=20
PM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> RE: [CANSLIM]=20
M</SPAN></FONT><o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">Speaking=20
of handles- what are peoples' thoughts on WON's comment from this =
morning=20
about the NASDAQ forming a cup and handle? Volume in the handle seems =
a bit=20
"imperfect" but I don't want to be the one to rain on the=20
parade!</SPAN></FONT><o:p></o:p></P></DIV>
<BLOCKQUOTE style=3D"MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; =
MARGIN-RIGHT: 0in">
<P class=3DMsoNormal=20
style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 1in; MARGIN-RIGHT: 0in; =
mso-margin-top-alt: 0in">
<P style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times New Roman" =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p></o:p></SPAN></FONT></P><FONT=20
face=3D"Times New Roman" size=3D3><SPAN style=3D"FONT-SIZE: 12pt">
<HR align=3Dcenter width=3D"100%" SIZE=3D2>
</SPAN></FONT></P></BLOCKQUOTE></BLOCKQUOTE></DIV></BODY></HTML>
- ------=_NextPart_000_0017_01C29528.4C2615B0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Date): Re: [CANSLIM] M AJAskey@aol.com
Articles sorted by: [Date]
[Author]
[Subject]