Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: [CANSLIM] ROOM Redux
Date: Mon, 6 Jan 2003 17:22:54 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_004C_01C2B5A8.3FA77EF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi All, Every now and then a stock will act in a way that reaffirms my belief in technical analysis. ROOM is a good recent example and one that came up here for discussion in the last month. At the time the base was finishing off, it looked as though the it was wedging higher on low volume. That's enough to make me mark off a chart like that as "flawed and too risky." ROOM managed to rise for a brief while, but started failing badly. Today it gapped down. Nice to know this stuff really works! See the annotated charts at: http://www.cwhcharts.com/katherine/ROOM010603Wedging.JPG http://www.cwhcharts.com/katherine/ROOM010603GapDown.JPG Katherine - ------=_NextPart_000_004C_01C2B5A8.3FA77EF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1126" name=3DGENERATOR></HEAD> <BODY> <DIV><SPAN class=3D468283117-06012003>Hi All,</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003>Every now and then a stock = will act in=20 a way that reaffirms my belief in technical analysis. ROOM is a good = recent=20 example and one that came up here for discussion in the last month. At = the time=20 the base was finishing off, it looked as though the it was wedging = higher on low=20 volume. That's enough to make me mark off a chart like that as "flawed = and too=20 risky." ROOM managed to rise for a brief while, but started failing = badly.=20 Today it gapped down. Nice to know this stuff really works!</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003>See the annotated charts = at:</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003><A=20 href=3D"http://www.cwhcharts.com/katherine/ROOM010603Wedging.JPG">http://= www.cwhcharts.com/katherine/ROOM010603Wedging.JPG</A></SPAN></DIV> <DIV><SPAN class=3D468283117-06012003><A=20 href=3D"http://www.cwhcharts.com/katherine/ROOM010603GapDown.JPG">http://= www.cwhcharts.com/katherine/ROOM010603GapDown.JPG</A></SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003>Katherine</SPAN></DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV> <DIV><SPAN class=3D468283117-06012003></SPAN> </DIV></BODY></HTML> - ------=_NextPart_000_004C_01C2B5A8.3FA77EF0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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