Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] TTEK
Date: Sat, 21 Dec 2002 19:32:33 EST
Next Article (by Author): Re: [CANSLIM] Where's the Santa Claus rally? "Tom Worley"
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Richard:
The only run-up in TTEK that I can see (I'm looking at the weekly) is
the one that began in mid-October. The point is that WON identifies a C&H as
a valid formation only if there is a run up first. The run up in mid-Oct.
counts as a valid (as I see it) Left Lip, preliminary to a fall-off to the
nadir; the rise to the Right Lip; and the quiet and tight range of the
Handle.
However, even if it were about to BO from a valid C&H, I agree with Tom
that the fundamentals are terrible-in particular the last few quarters of
negative increase in earnings. Moreover, the mkt. stinks now and the RS-Line
is only mediocre.
jans
In a message dated 12/20/2002 2:07:41 AM Eastern Standard Time,
stkguru@bellsouth.net writes:
<< Technically, I think you could mark the left rim of a cup on 7/17/02,
however looking at the weekly charts I am more caught by the staircase
stepping down pattern which has gone on for well over a year. The more
aggressive buyer might have jumped in when it moved thru the resistance
around 9.50 on its way back up on volume. However, the chart at present
looks to me merely like a reversal (which may prove temporary) of the
staircase pattern down. Personally, I would wait for it to break thru the
resistance of a well established base previously set around 15.
Fundamentally however, I would not put this one on a watch list. The last
three quarters all showed declining earnings on a year over year basis, and
two of those three quarters showed the same on sales (the third and most
recent was flat). It won't be until the March quarter next year that it will
have an easy comparison.
I also note its EPS ranking is only 43, even tho it is in a group now ranked
pretty high. Combine that with an RS of 72 even after nearly doubling in two
months, and its fundies would keep it off my list for now.
----- Original Message -----
From: "Patrick Wahl" <pjwahl@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, December 19, 2002 4:57 PM
Subject: Re: [CANSLIM] TTEK
I don't think you have a cup and handle on your hands there. Price should
be going up before correcting, while TTEK is just coming back up out of a
pretty severe drop. Some people would consider the period from
September to early Nov. as a cup, and that little dip could be a handle, but
I always think that's stretching the definition of a C& H pretty far.
On 19 Dec 2002 at 13:51, Richard Yoder wrote:
> I'm pretty new and uneducated at this, but is this a CwH, pivot either
> $14.30 (July) or 15.26 (June)???
>>
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