Re: [CANSLIM] more breakouts

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] more breakouts
Date: Fri, 21 Mar 2003 16:00:00 -0600

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Ian,

I cannot share the actual data on the stocks, because, as you said, it is
proprietary.  I find your comments very interesting, and will have to check
into it.

Thanks

Mike

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com


                                                                                                                            
                    Ian <ianstm@shaw.ca>                                                                                    
                    Sent by:                      To:     canslim@lists.xmission.com                                        
                    owner-canslim@lists.xm        cc:                                                                       
                    ission.com                    Subject:     Re: [CANSLIM] more breakouts                                 
                                                                                                                            
                                                                                                                            
                    03/21/2003 04:20 PM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




Hi Mike:

May I ask if all 8 of them were heavily shorted issues?  The reason I ask
is
that I'm still seeing most of the action in the stocks with the largest
short positions. I'm not sure what CANSLIM has to say about it, but my gut
tells me that it implies extra caution. Is it permitted to share todays
'breakouts' with this list, or is that proprietary information?


Also, since the initial market breakdown in September 2000, the  40-week
ema
of the OEX has provided a ceiling for every single bear-market rally.
(
http://bigcharts.marketwatch.com/intchart/frames/main.asp?time=10&freq=2&co
mpidx=aaaaa%3A0&comp
=&ma=6&maval=13%2C40%2C200&uf=8&lf=268435456&lf2=4&lf3=8
&type=2&style=320&size=4&sid=0&o_symb=&startdate=&enddate
=&show=true&symb=oe
x&draw.x=54&draw.y=14)

As we stand now with the OEX at 456, that ceiling is a meagre 5 points away
right now. I would argue for close market scurtiny at that level.


Cheers,

Ian







- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Friday, March 21, 2003 7:16 AM
Subject: [CANSLIM] more breakouts


> All,
>
> For anyone who is using the cwhcharts.com site, today there are already 8
> breakout alerts!  Does this mean that M is finally taking off?  I have
> noticed though that none of the recent ones are from the WON lists, and
am
> wondering if that should be a reason for caution.
>
> Katherine, any comments?
>
> Thanks
>
> Mike
>
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
>
>
>
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