Go to Jeff Salisbury LWGate Home Page.From: "Bill King" <wk11@adelphia.net>
Subject: RE: [CANSLIM] Volume and CWH (was M)
Date: Tue, 26 Nov 2002 13:52:30 -0500
Next Article (by Date): Re: [CANSLIM] Volume and CWH (was M) "Katherine Malm"
Top of Thread: Re: [CANSLIM] Volume and CWH (was M) "Katherine Malm"
Next in Thread: Re: [CANSLIM] Volume and CWH (was M) "Katherine Malm"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_000A_01C29553.10544EA0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 8bit
Hi Katherine,
Once again, thanks for the useful info/links. I was impressed with the
Market-tester. It looks like a useful tool. He didn’t show any examples of
2002. Did he predict the FTD and recommend reentering the market? Does his
software need a real-time data feed?
Bill King
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Tuesday, November 26, 2002 9:46 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Volume and CWH (was M)
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 -----
From: Curt Corley <mailto:cjcorley@hiwaay.net>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Friday, November 22, 2002 8:30 PM
Subject: [CANSLIM] Volume and CWH (was M)
Katherine,
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.
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.
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.
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.
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.
Cheers,
Curt
- -----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
Hi Curt,
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.
Katherine
- ----- Original Message -----
From: Curt Corley <mailto:cjcorley@hiwaay.net>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Thursday, November 21, 2002 6:27 PM
Subject: RE: [CANSLIM] M
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.
Curt
- -----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
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_000A_01C29553.10544EA0
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:v=3D"urn:schemas-microsoft-com:vml" =
xmlns:o=3D"urn:schemas-microsoft-com:office:office" =
xmlns:w=3D"urn:schemas-microsoft-com:office:word" =
xmlns:st1=3D"urn:schemas-microsoft-com:office:smarttags" =
xmlns=3D"http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<meta name=3DProgId content=3DWord.Document>
<meta name=3DGenerator content=3D"Microsoft Word 9">
<meta name=3DOriginator content=3D"Microsoft Word 9">
<link rel=3DFile-List href=3D"cid:filelist.xml@01C29552.FAF8C720">
<link rel=3DEdit-Time-Data href=3D"cid:editdata.mso@01C29552.FAF8C720">
<!--[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]--><!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:Zoom>0</w:Zoom>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
<w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
<w:SpellingState>Clean</w:SpellingState>
<w:GrammarState>Clean</w:GrammarState>
</w:WordDocument>
</xml><![endif]-->
<style>
<!--
span.EMAILSTYLE18
{mso-style-noshow:yes;}
span.EMAILSTYLE19
{mso-style-noshow:yes;}
span.SPELLE
{mso-spl-e:yes;}
span.GRAME
{mso-gram-e:yes;}
/* 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:1627421319 -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.MsoAutoSig, li.MsoAutoSig, div.MsoAutoSig
{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";}
p
{margin-right:0in;
mso-margin-top-alt:auto;
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-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;
mso-ascii-font-family:Arial;
mso-hansi-font-family:Arial;
mso-bidi-font-family:Arial;
color:navy;}
span.EmailStyle19
{mso-style-type:personal;
mso-ansi-font-size:10.0pt;
mso-bidi-font-size:10.0pt;
mso-ascii-font-family:Arial;
mso-hansi-font-family:Arial;
mso-bidi-font-family:Arial;
color:navy;}
span.EmailStyle20
{mso-style-type:personal-reply;
mso-ansi-font-size:10.0pt;
mso-ascii-font-family:Arial;
mso-hansi-font-family:Arial;
mso-bidi-font-family:Arial;
color:#993366;}
@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 9]><xml>
<o:shapedefaults v:ext=3D"edit" spidmax=3D"1027"/>
</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]--><o:SmartTagType name=3D"time" =
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype><o:SmartTagType name=3D"date" =
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype>
</head>
<body bgcolor=3Dwhite lang=3DEN-US link=3Dblue vlink=3Dblue =
style=3D'tab-interval:.5in'>
<div class=3DSection1>
<p class=3DMsoNormal><span class=3DEmailStyle20><font size=3D2 =
color=3D"#993366"
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'>Hi Katherine,<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle20><font size=3D2 =
color=3D"#993366"
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle20><font size=3D2 =
color=3D"#993366"
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'>Once again, thanks for the useful info/links. I was =
impressed<span
style=3D"mso-spacerun: yes"> </span>with the Market-tester. It =
looks like a
useful tool. He didn’t show any examples of 2002. Did he predict =
the FTD and
recommend reentering the market? Does his software need a real-time data =
feed?<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle20><font size=3D2 =
color=3D"#993366"
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle20><font size=3D2 =
color=3D"#993366"
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'>Bill King<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle20><font size=3D2 =
color=3D"#993366"
face=3DArial><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma;color:black'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Katherine Malm<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, November =
26, 2002
9:46 AM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
Volume and
CWH (was M)</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'>Hi =
Curt,</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>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.</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>I've used the
IWM ETF as a proxy for the Russell 2000 so that you can see what I mean. =
See it
at:</span></font><font color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'><a
href=3D"http://Wallstreet-LLC.com/canslim/IWM112202.JPG">http://Wallstree=
t-LLC.com/canslim/IWM112202.JPG</a></span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>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:</span></font><font color=3Dblack><span =
style=3D'color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'><a
href=3D"http://Wallstreet-LLC.com/canslim/NASDAQ112202.JPG">http://Wallst=
reet-LLC.com/canslim/NASDAQ112202.JPG</a>.
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 <a
href=3D"http://www.market-tester.com">http://www.market-tester.com</a></s=
pan></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Katherine</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'>-----
Original Message -----=20
<div style=3D'font-color:black'></span></font><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-left:.5in;background:#E4E4E4'><b><font size=3D2
color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;font-weight:bold'>From:</span></font></b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:cjcorley@hiwaay.net" title=3D"cjcorley@hiwaay.net">Curt =
Corley</a> </span></font><font
size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>To:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font><font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span=
></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Sent:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Friday, =
November 22,
2002 8:30 PM</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Subject:</span></font></b><font size=3D2 color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'>
[CANSLIM] Volume and CWH (was M)</span></font><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'><![if =
!supportEmptyParas]> <![endif]></span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Katherine,<o:p></=
o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> <o:p></o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Thanks for your
input.<span style=3D"mso-spacerun: yes"> </span>Your help is
invaluable.<span style=3D"mso-spacerun: yes"> </span>I looked at =
the
indices in TC2000 with MoneyStream and Time Segmented Volume.<span
style=3D"mso-spacerun: yes"> </span>I looked at the NASDAQ, =
S&P-500,
and Russell 2000.<span style=3D"mso-spacerun: yes"> =
</span>Here’s what I
found on all 3 charts.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> <o:p></o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>CMS:<o:p></o:p></=
span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>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.<span style=3D"mso-spacerun: yes">
</span>However, it stayed below the linear regression line along the =
bottom of
the cup and during the handle formation.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> <o:p></o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>TSV:<o:p></o:p></=
span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>TSV stayed =
mainly above
the center line during the left-side of the cup.<span =
style=3D"mso-spacerun:
yes"> </span>Toward the bottom of the cup, TSV plunged way below =
the zero
line.<span style=3D"mso-spacerun: yes"> </span>On the right side =
of the
cup, TSV shot high above the center line again.<span =
style=3D"mso-spacerun:
yes"> </span>During the handle formation and the BO, TSV dipped =
down and
back up again.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> <o:p></o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>I guess this is =
supposed
to tell me that volume supported the price action because there were no
divergences.<span style=3D"mso-spacerun: yes"> </span>Since you =
mentioned Accumulation/Distribution,
I probably should have looked at On Balance Volume and/or Balance of
Power.<span style=3D"mso-spacerun: yes"> </span>However, I =
haven’t had much
success with those indicators in the past.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> <o:p></o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>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.<span style=3D"mso-spacerun: yes">
</span>Once again, thank you very much.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> <o:p></o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Cheers,<o:p></o:p=
></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Curt<o:p></o:p></=
span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> <o:p></o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'> <o:p></o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblack
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma;color:black'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Katherine Malm<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> <st1:date =
Year=3D"2002" Day=3D"21" Month=3D"11">Thursday,
November 21, 2002</st1:date> <st1:time Minute=3D"58" Hour=3D"22">10:58 =
PM<br>
</st1:time><b><span style=3D'font-weight:bold'>To:</span></b>
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
M</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'>Hi =
Curt,</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'>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.</span></font><font color=3Dblack><span =
style=3D'color:black;mso-color-alt:
windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Katherine</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in =
0in 4.0pt'>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D2
color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black'>----- Original Message ----- </span></font><font size=3D2
color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;background:#E4E4E4;border:none;
mso-border-left-alt:solid black 1.5pt;padding:0in;mso-padding-alt:0in =
0in 0in 4.0pt'><b><font
size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;font-weight:bold'>
<div style=3D'font-color:black'>From:</span></font></b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:cjcorley@hiwaay.net" title=3D"cjcorley@hiwaay.net">Curt =
Corley</a> </span></font><font
size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
</div>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in =
4.0pt'><b><font
size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;font-weight:bold'>To:</span></font></b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font><font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span=
></font></p>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in =
4.0pt'><b><font
size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;font-weight:bold'>Sent:</span></font></b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'>
Thursday, November 21, 2002 6:27 PM</span></font><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in =
4.0pt'><b><font
size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;font-weight:bold'>Subject:</span></font></b><font size=3D2
color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black'> RE: [CANSLIM] M</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D3
color=3Dblack face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D2
color=3Dnavy face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:navy'>I’m glad you mentioned the General Markets & =
Sectors commentary
in today’s IBD.<span style=3D"mso-spacerun: yes"> </span>I =
looked at the
charts, and they did not appear to have rising volume on the sides of =
the
cups.<span style=3D"mso-spacerun: yes"> </span>As a matter of =
fact, the
heaviest volume days were at the very bottom of the cup.<span
style=3D"mso-spacerun: yes"> </span>I don’t think the =
indices have shown
great cwh characteristics.<span style=3D"mso-spacerun: yes">
</span>However, I’m a novice at this stuff, so I would appreciate =
any criticism
or validation of my view.<span style=3D"mso-spacerun: yes"> =
</span><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D2
color=3Dnavy face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:navy'> <o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D2
color=3Dnavy face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:navy'>Curt<o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-left:75.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D2
color=3Dnavy face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:navy'> <o:p></o:p></span></font></p>
</div>
<div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in =
0in 4.0pt'>
<p class=3DMsoNormal =
style=3D'margin-left:111.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D2
color=3Dblack face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma;
color:black'>-----Original Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Kelly Short<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> <st1:date =
Year=3D"2002" Day=3D"21" Month=3D"11">Thursday,
November 21, 2002</st1:date> <st1:time Minute=3D"11" Hour=3D"15">3:11 =
PM<br>
</st1:time><b><span style=3D'font-weight:bold'>To:</span></b>
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
M</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal =
style=3D'margin-left:111.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D3
color=3Dblack face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal =
style=3D'margin-left:111.75pt;border:none;mso-border-left-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D2
color=3Dblue face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:blue'>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!</span></font><font color=3Dblack><span =
style=3D'color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
</div>
<div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in =
0in 4.0pt'>
<p style=3D'margin-left:147.75pt;border:none;mso-border-left-alt:solid =
black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'><![if =
!supportEmptyParas]> <![endif]></span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
</div>
<div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in =
0in 4.0pt'>
<div class=3DMsoNormal align=3Dcenter =
style=3D'margin-left:75.75pt;text-align:center;
border:none;mso-border-left-alt:solid black =
1.5pt;padding:0in;mso-padding-alt:
0in 0in 0in 4.0pt'><font size=3D3 color=3Dblack face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:black'>
<hr size=3D2 width=3D"100%" align=3Dcenter>
</span></font></div>
</div>
</div>
</body>
</html>
- ------=_NextPart_000_000A_01C29553.10544EA0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Date): Re: [CANSLIM] Volume and CWH (was M) "Katherine Malm"
Top of Thread: Re: [CANSLIM] Volume and CWH (was M) "Katherine Malm"
Next in Thread: Re: [CANSLIM] Volume and CWH (was M) "Katherine Malm"
Articles sorted by: [Date]
[Author]
[Subject]