Re: [CANSLIM] hitk

From: Spencer48@aol.com
Subject: Re: [CANSLIM] hitk
Date: Wed, 29 Jan 2003 14:09:07 EST

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Katherine: 

     Very nice chart analysis of HITK.  Notice that on DGO, HITK's daily 
RS-line is up at the recent troughs in January.  This led me to believe that 
it was strong (as a matter of fact, I categorized its RS-line as being in 
Strong Divergence).  This, in turn, led me to believe that this was a 
worthwhile stock to buy (assuming the market turned up) on its Break Out.  

     However, your chart's downtrend in the Up/Down ratio since October/02 
has given me pause.  Moreover, HITK's Weekly shows that it is way 
overextended (when it broke out in Sept. at 9 [it is now at around 19]), so 
perhaps this means that HITK is in a temporary top, and that its Weekly is 
reflecting its Up/Down trend-decline .  (But notice that even now, the weekly 
RS-line shows a lot of strength in its steepness and the RS-line's strong 
divergence at the top compared to a few weeks earlier).

     As I mentioned, HITK looked strong to me also, until you noted (in the 
chart) its declining Up/Down ratio.  Is there a database on-line where I can 
gather this past information on the Up/Down Ratio (and Accum/Distribution 
Ratings also, if possible?)

jans

In a message dated 1/29/2003 12:04:41 PM Eastern Standard Time, 
kmalm@earthlink.net writes:

<< HITK is not currently in a definable base, and so doesn't yet provide a 
clear
 entry point. See my annotated chart at:
 
 http://www.cwhcharts.com/katherine/HITK012903.JPG
 
 Katherine >>

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