RE: [CANSLIM] rs rank and rs line

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] rs rank and rs line
Date: Wed, 7 May 2003 22:38:31 -0500
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Hi Roger,

I'll leave it to others to comment on APPX specifically.

As a more general reply, rather than writing a lengthy reply to your
question, if you don't mind, I'll direct you to some previous articles I've
written on the RSRank vs. the comparative RS Line.

If you go to our site, www.cwhcharts.com, select the Forums menu (this is
accessible even to non-subscribers so that members of the CANSLIM list can
use it as a resource if they wish) . In the Tutorials Forum, look for an
article entitled "RSRank vs. RSLine" from 2/8/03.  In the Q&A Forum, look
for an article entitled "Colored Chart Zones" from 11/20/02. Another
resource is the Help button on the charts we've made available to members of
the CANSLIM list (http://www.cwhcharts.com/charts/kmchart.php). There is a
brief discussion of the use of the RSRank and the RSLine as indicators of
strength.

Katherine


>  -----Original Message-----
> From: 	owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] 
> Sent:	Wednesday, May 07, 2003 8:51 PM
> To:	CANSLIM
> Subject:	[CANSLIM] rs rank and rs line
> 
> Hi all,
> 
> I have noticed that some stocks have really choppy rs lines during the
> base formation (ie the cup), while others are pretty straight.  The
> straight ones can be either flat or maybe slightly rising or falling.  how
> do these patterns affect the worthiness of a stock?
> 
> Similarly wrt rs rank, I noticed that many stocks will have low ranks
> during the cup, but that the rank will increase to respectable values (ie
> 80 and above) during the right side formation.  Other stocks maintain a
> relatively high rank all the way through the cup (for example, APPX).  Is
> this the sign of a true leader?
> 
> Thanks.
> 
> =================================================
> Roger Tawa
> http://tawacentral.net/
> [One thing about paradigms: shift happens.]
> [When you stop, you're done.]
> 

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