Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] ARTI - fishtails
Date: Wed, 4 Dec 2002 08:42:56 -0600
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Previous Article (by Subject): Re: [CANSLIM] ARTI - fishtails "NANCY POLCARO"
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Hi Nancy,
I"ve written up a brief explanation of "tails" and you can see it at:
http://WallStreet-LLC.com/canslim/Tails.JPG
I think the term "fishtail" came from my tendency to describe it as "a =
pollywog swimming South" ! There are terms for this in Japanese =
Candlesticking, I think they are "hammer" and "shooting star."
Katherine
----- Original Message -----=20
From: NANCY POLCARO=20
To: canslim=20
Sent: Tuesday, December 03, 2002 4:35 AM
Subject: Re: [CANSLIM] ARTI - fishtails
could someone give me an easy explanation of a fishtail-I looked at =
the chart on msn and don't see anything. Thanks nancy
----- Original Message -----
From: Katherine Malm
Sent: Monday, December 02, 2002 9:33 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] ARTI - fishtails
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
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<DIV><FONT face=3D"Times New Roman" size=3D3>Hi Nancy,</FONT></DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3>I"ve written up a brief =
explanation of=20
"tails" and you can see it at:</FONT></DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3><A=20
href=3D"http://WallStreet-LLC.com/canslim/Tails.JPG">http://WallStreet-LL=
C.com/canslim/Tails.JPG</A></FONT></DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3>I think the term "fishtail" =
came from=20
my tendency to describe it as "a pollywog swimming South" ! There are =
terms for=20
this in Japanese Candlesticking, I think they are "hammer" and "shooting =
star."</FONT></DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3>Katherine</FONT></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=3DZILLAGIRL@msn.com href=3D"mailto:ZILLAGIRL@msn.com">NANCY =
POLCARO</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</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, December 03, =
2002 4:35=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] ARTI -=20
fishtails</DIV>
<DIV><BR></DIV>
<DIV>could someone give me an easy explanation of a fishtail-I looked =
at the=20
chart on msn and don't see anything. Thanks nancy</DIV>
<DIV> </DIV>
<BLOCKQUOTE=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; COLOR: =
black"><B>From:</B>=20
Katherine Malm</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Monday, December 02, =
2002 9:33=20
AM</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> Re: [CANSLIM] ARTI - =
fishtails</DIV>
<DIV> </DIV>
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<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,=20
if ARTI had been in a late stage base and reversed immediately after =
its=20
breakout, I'd be inclined to put a lot of weight on it. On the other =
hand,=20
ARTI was breaking free of a downtrend, the market is still =
tentative, the=20
tail was followed immediately by a strong up move the next day, and =
a weekly=20
chart shows very strong accumulation on the right side of the cup =
and the=20
subsequent move up. Other semis like IDCC and CREE have darn near =
the same=20
pattern and others such as OVTI and SNDK are doing particularly =
well. All=20
told, I think the preponderance of evidence would have me treating =
this as a=20
yellow warning flag that a pullback could be in the works, but I =
don't see=20
it as a giant "get me outta there red flag" just yet. I've marked =
both a=20
weekly and daily chart to 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=20
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=20
11:37 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] ARTI -=20
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"> <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"> <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></BLO=
CKQUOTE></BLOCKQUOTE></BODY></HTML>
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