Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] ARTI - fishtails
Date: Mon, 2 Dec 2002 11:31:31 -0600
Next Article (by Author): [CANSLIM] CANSLIM List FAQ (Monthly Posting) "Katherine Malm"
Previous Article (by Author): [CANSLIM] American Vanguard Ian
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0509_01C299F6.5CCF01B0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Hi Chris,
I never like to see a strong reversal with a tail while in an uptrend, =
but as with most things, I think context is important. For example, if =
ARTI had been in a late stage base and reversed immediately after its =
breakout, I'd be inclined to put a lot of weight on it. On the other =
hand, ARTI was breaking free of a downtrend, the market is still =
tentative, the tail was followed immediately by a strong up move the =
next day, and a weekly chart shows very strong accumulation on the right =
side of the cup and the subsequent move up. Other semis like IDCC and =
CREE have darn near the same pattern and others such as OVTI and SNDK =
are doing particularly well. All told, I think the preponderance of =
evidence would have me treating this as a yellow warning flag that a =
pullback could be in the works, but I don't see it as a giant "get me =
outta there red flag" just yet. I've marked both a weekly and daily =
chart to show what I see in the evidence department at:
http://WallStreet-LLC.com/canslim/ARTI120202wkly.JPG
http://WallStreet-LLC.com/canslim/ARTI120202.JPG
Katherine
----- Original Message -----=20
From: Chris Dempsey=20
To: Canslim=20
Sent: Wednesday, November 27, 2002 11:37 AM
Subject: [CANSLIM] ARTI - fishtails
Katherine, you were the first that I can recall that commented on =
fishtails.
=20
Would you please comment on ARTI. Any other comments are welcome also.
=20
Chris
- ------=_NextPart_000_0509_01C299F6.5CCF01B0
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:o =3D=20
"urn:schemas-microsoft-com:office:office" xmlns:w =3D=20
"urn:schemas-microsoft-com:office:word"><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 9" name=3DOriginator><LINK=20
href=3D"cid:filelist.xml@01C29609.4EB23890" rel=3DFile-List><!--[if gte =
mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
</w:WordDocument>
</xml><![endif]-->
<STYLE>@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; }
P.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
LI.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
DIV.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
P.MsoAutoSig {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-pagination: widow-orphan; mso-fareast-font-family: "Times New Roman"
}
LI.MsoAutoSig {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-pagination: widow-orphan; mso-fareast-font-family: "Times New Roman"
}
DIV.MsoAutoSig {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-pagination: widow-orphan; mso-fareast-font-family: "Times New Roman"
}
SPAN.EmailStyle15 {
COLOR: black; mso-style-type: personal-compose; mso-ansi-font-size: =
10.0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial; =
mso-bidi-font-family: Arial
}
DIV.Section1 {
page: Section1
}
</STYLE>
</HEAD>
<BODY lang=3DEN-US style=3D"tab-interval: .5in" bgColor=3D#ffffff>
<DIV>Hi Chris,</DIV>
<DIV> </DIV>
<DIV>I never like to see a strong reversal with a tail while =
in an=20
uptrend, but as with most things, I think context is important. For =
example, if=20
ARTI had been in a late stage base and reversed immediately after its =
breakout,=20
I'd be inclined to put a lot of weight on it. On the other hand, ARTI =
was=20
breaking free of a downtrend, the market is still tentative, the tail =
was=20
followed immediately by a strong up move the next day, and a weekly =
chart shows=20
very strong accumulation on the right side of the cup and the subsequent =
move=20
up. Other semis like IDCC and CREE have darn near the same pattern and =
others=20
such as OVTI and SNDK are doing particularly well. All told, I think the =
preponderance of evidence would have me treating this as a yellow =
warning flag=20
that a pullback could be in the works, but I don't see it as a giant =
"get me=20
outta there red flag" just yet. I've marked both a weekly and daily =
chart to=20
show what I see in the evidence department at:</DIV>
<DIV> </DIV>
<DIV><A=20
href=3D"http://WallStreet-LLC.com/canslim/ARTI120202wkly.JPG">http://Wall=
Street-LLC.com/canslim/ARTI120202wkly.JPG</A></DIV>
<DIV><A=20
href=3D"http://WallStreet-LLC.com/canslim/ARTI120202.JPG">http://WallStre=
et-LLC.com/canslim/ARTI120202.JPG</A></DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </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=3Dcdempsey@houston.oilfield.slb.com=20
href=3D"mailto:cdempsey@houston.oilfield.slb.com">Chris Dempsey</A> =
</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</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, November 27, =
2002 11:37=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] ARTI - =
fishtails</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">Katherine,=20
you were the first that I can recall that commented on=20
fishtails.<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dblack=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=3DEmailStyle15><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">Would=20
you please comment on ARTI. Any other comments are welcome=20
also.<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dblack=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=3DEmailStyle15><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">Chris<o:p></o:p></SPAN></FONT></SPAN></P></DIV></BLOCKQUOTE></BOD=
Y></HTML>
- ------=_NextPart_000_0509_01C299F6.5CCF01B0--
- -
- -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 Author): [CANSLIM] CANSLIM List FAQ (Monthly Posting) "Katherine Malm"
Previous Article (by Author): [CANSLIM] American Vanguard Ian
Articles sorted by: [Date]
[Author]
[Subject]