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 13:51:13 -0600
Previous Article (by Date): RE: [CANSLIM] Volume and CWH (was M) "Bill King"
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Hi Bill,
The Market Tester doesn't "predict" but rather interprets the action in =
the charts. In other words, Bill is simply visually displaying the =
accumulation/distribution days and then automatically calculating both =
the FTD's according to WON's definition and the distribution/stall days =
that constitute the exit signal from the market. This is something that =
you can do from any price/volume chart manually, but the Tester allows =
you to click a button rather than spend the time tallying the days =
yourself. There are also some backtesting capabilities for asking "what =
if" and the ability to view the action in previous years very easily. =
This is something that definitively can't be done as easily without an =
automated program. The data is based on end of day, so no, doesn't =
require a data feed. Even for those that aren't interested in the =
spreadsheet, I think Bill has written and made available at his site the =
clearest explanation of the FTD and exit rules than I've ever seen.
I'd encourage you to contact Bill directly (via the address at his =
website) with your questions, as he can better represent his spreadsheet =
than can I.
Katherine
----- Original Message -----=20
From: Bill King=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, November 26, 2002 12:52 PM
Subject: RE: [CANSLIM] Volume and CWH (was M)
Hi Katherine,
=20
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?
=20
Bill King
=20
-----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)
=20
Hi Curt,
=20
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.
=20
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
=20
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
=20
Katherine
=20
=20
----- 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)
=20
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!
=20
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<DIV>Hi Bill,</DIV>
<DIV> </DIV>
<DIV>The Market Tester doesn't "predict" but rather interprets the =
action in the=20
charts. In other words, Bill is simply visually displaying the=20
accumulation/distribution days and then automatically calculating both =
the FTD's=20
according to WON's definition and the distribution/stall days that =
constitute=20
the exit signal from the market. This is something that you can do from =
any=20
price/volume chart manually, but the Tester allows you to click a button =
rather=20
than spend the time tallying the days yourself. There are also some =
backtesting=20
capabilities for asking "what if" and the ability to view the action in =
previous=20
years very easily. This is something that definitively can't be done as =
easily=20
without an automated program. The data is based on end of day, so no, =
doesn't=20
require a data feed. Even for those that aren't interested in the =
spreadsheet, I=20
think Bill has written and made available at his =
site the clearest=20
explanation of the FTD and exit rules than I've ever seen.</DIV>
<DIV> </DIV>
<DIV>I'd encourage you to contact Bill directly (via the address at his =
website)=20
with your questions, as he can better represent his spreadsheet than can =
I.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dwk11@adelphia.net href=3D"mailto:wk11@adelphia.net">Bill =
King</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, November 26, =
2002 12:52=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Volume =
and CWH=20
(was M)</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3DArial =
color=3D#993366=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">Hi=20
Katherine,<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3DArial =
color=3D#993366=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]> <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3DArial =
color=3D#993366=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">Once=20
again, thanks for the useful info/links. I was impressed<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>with the Market-tester. It =
looks like=20
a useful tool. He didn=92t show any examples of 2002. Did he predict =
the FTD and=20
recommend reentering the market? Does his software need a real-time =
data=20
feed?<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3DArial =
color=3D#993366=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]> <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3DArial =
color=3D#993366=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">Bill=20
King<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3DArial =
color=3D#993366=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]> <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B> =
<A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=20
[mailto:owner-canslim@lists.xmission.com]<B><SPAN =
style=3D"FONT-WEIGHT: bold">On=20
Behalf Of </SPAN></B>Katherine Malm<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Tuesday, November 26, =
2002 9:46=20
AM<BR><B><SPAN 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] Volume =
and CWH=20
(was M)</SPAN></FONT></P>
<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"><![if =
!supportEmptyParas]><![endif]> <o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">Hi=20
Curt,</SPAN></FONT><FONT color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">I'm of a mind=20
that simple is better when it comes to reading charts, and as with =
most things=20
it just takes practice to become proficient, just as you suggested. I =
still=20
"practice" every day. One of the things I like so much about the =
CANSLIM list=20
is that people will often bring up stocks that I personally have =
glossed over,=20
but I use their mention of a stock to practice reading the chart more =
closely.=20
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=20
the simplest of indicators, but I find that the pattern of the Up/Down =
volume=20
helps summarize the recent action. As this is a simple ratio of volume =
on up=20
days to volume on down days over the last 50 days, it's not a perfect=20
indicator, but it helps "see" the P/V action a little=20
differently.</SPAN></FONT><FONT color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">I've used the=20
IWM ETF as a proxy for the Russell 2000 so that you can see what I =
mean. See=20
it at:</SPAN></FONT><FONT color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black"><A=20
=
href=3D"http://Wallstreet-LLC.com/canslim/IWM112202.JPG">http://Wallstree=
t-LLC.com/canslim/IWM112202.JPG</A></SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">Another tool I=20
use extensively and that I like very much is Bill Lee's Excel =
spreadsheet.=20
It's designed to help you read the market, but can also be used to =
"read" any=20
individual stock. Each accumulation and distribution day is marked =
with a=20
color and is *very* easy to see patterns of accumulation and =
distribution=20
(yellow/orange/red for distribution, green for accumulation). See the =
last=20
year of the NASDAQ and you can see what I mean....plenty of red most =
of the=20
year, but plenty of green while the Naz built the right side of the =
cup. See a=20
sample at:</SPAN></FONT><FONT color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black"><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></S=
PAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">Katherine</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">-----=20
Original Message -----=20
<DIV style=3D"font-color: black"></SPAN></FONT><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT>
<P></P>
<P class=3DMsoNormal style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: =
0.5in"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">From:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
title=3Dcjcorley@hiwaay.net href=3D"mailto:cjcorley@hiwaay.net">Curt =
Corley</A>=20
</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Friday, =
November=20
22, 2002 8:30 PM</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> [CANSLIM] =
Volume=20
and CWH (was M)</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black"><![if !supportEmptyParas]><![endif]> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><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">Katherine,<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 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">Thanks=20
for your input.<SPAN style=3D"mso-spacerun: yes"> </SPAN>Your =
help is=20
invaluable.<SPAN style=3D"mso-spacerun: yes"> </SPAN>I looked at =
the=20
indices in TC2000 with MoneyStream and Time Segmented Volume.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I looked at the NASDAQ, =
S&P-500,=20
and Russell 2000.<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>Here=92s what I=20
found on all 3 charts.<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">CMS:<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">MoneyStream =
stayed=20
above it=92s linear regression line on the left side of the cup, on =
the right=20
side of the cup, and during the BO.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>However, it stayed below the linear regression line along the =
bottom of=20
the cup and during the handle formation.<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">TSV:<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 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">TSV=20
stayed mainly above 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"> =20
</SPAN>On the right side of the cup, TSV shot high above the center =
line=20
again.<SPAN style=3D"mso-spacerun: yes"> </SPAN>During the =
handle=20
formation and the BO, TSV dipped down and back up=20
again.<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 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">I guess=20
this is supposed to tell me that volume supported the price action =
because=20
there were no divergences.<SPAN style=3D"mso-spacerun: yes"> =
</SPAN>Since=20
you mentioned Accumulation/Distribution, I probably should have looked =
at On=20
Balance Volume and/or Balance of Power.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>However, I haven=92t had much success with those indicators in =
the=20
past.<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 style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: =
Arial">I=92m=20
trying to become more proficient at chart reading, and you=92re =
certainly=20
helping a great deal along with other members of this list.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Once again, thank you very=20
much.<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">Cheers,<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: 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 =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; 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 =
Malm<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> =
<st1:date=20
Month=3D"11" Day=3D"21" Year=3D"2002">Thursday, November 21, =
2002</st1:date>=20
<st1:time Hour=3D"22" Minute=3D"58">10:58 PM<BR></st1:time><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><FONT color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">Hi=20
Curt,</SPAN></FONT><FONT color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: black">I =
don't think=20
when you're looking at patterns on major indexes such as the NASDAQ =
that the=20
pattern of volume would be used in the same way that it is on an =
individual=20
stock. My take on it is simply that an index represents a huge number =
of=20
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=20
selling in the market, the volume doesn't really tell you the same =
story as it=20
does in an individual stock. In other words, I think that it's more =
important=20
to look for a pattern of accumulation outpacing distribution (up days =
on=20
higher volume than the previous day vs. down days on higher volume), =
than it=20
is to look for the "bathtub" volume pattern that one would use on an=20
individual stock.</SPAN></FONT><FONT color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">Katherine</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<DIV=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black =
1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none">
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">----- =
Original=20
Message ----- </SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; BACKGROUND: #e4e4e4; PADDING-BOTTOM: =
0in; MARGIN-LEFT: 75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">
<DIV style=3D"font-color: black">From:</SPAN></FONT></B><FONT =
face=3DArial=20
color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
title=3Dcjcorley@hiwaay.net href=3D"mailto:cjcorley@hiwaay.net">Curt =
Corley</A>=20
</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT>
<P></P></DIV>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Thursday, =
November=20
21, 2002 6:27 PM</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> RE: =
[CANSLIM]=20
M</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
face=3DArial color=3Dnavy size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">I=92m glad =
you=20
mentioned the General Markets & Sectors commentary in today=92s =
IBD.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I looked at the charts, and =
they did=20
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=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
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=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
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=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
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></DIV>
<DIV=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black =
1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none">
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
111.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
face=3DTahoma color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; 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> =
<st1:date=20
Month=3D"11" Day=3D"21" Year=3D"2002">Thursday, November 21, =
2002</st1:date>=20
<st1:time Hour=3D"15" Minute=3D"11">3:11 PM<BR></st1:time><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><FONT color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
111.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
111.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
face=3DArial color=3Dblue size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial">Speaking of =
handles-=20
what are peoples' thoughts on WON's comment from this morning about =
the NASDAQ=20
forming a cup and handle? Volume in the handle seems a bit "imperfect" =
but I=20
don't want to be the one to rain on the parade!</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P></DIV>
<DIV=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black =
1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none">
<P=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
147.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"><![if =
!supportEmptyParas]><![endif]> </SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P></DIV>
<DIV=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black =
1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none">
<DIV class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; TEXT-ALIGN: center; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"=20
align=3Dcenter><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">
<HR align=3Dcenter width=3D"100%" SIZE=3D2>
</SPAN></FONT></DIV></DIV></DIV></BLOCKQUOTE></BODY></HTML>
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