Re: [CANSLIM] RE:Handles (was:How much support is the 50 DMA? (JOSB))

From: Davellil5@aol.com
Subject: Re: [CANSLIM] RE:Handles (was:How much support is the 50 DMA? (JOSB))
Date: Wed, 7 May 2003 10:25:23 EDT

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Top of Thread: Re: [CANSLIM] RE:Handles (was:How much support is the 50 DMA? (JOSB)) Spencer48@aol.com
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JOSB's behavior mirrors the majority of stocks breaking out from  bases  (or, 
as in JOSB's case, a base-on-base); they pull back instead of surging ahead.

This may just reflect eagerness of investors to take profits in the spooky 
market of the past 6 months -- or -- maybe it's due to smart alecs taking 
advantage of CANSLIM-ers.  How long this will continue is anybody's guess.

I think Katherine's advice about "wiggle room" makes sense in this market.  
Maybe in any market.  That minimizes the risk of getting whipsawed.

Dave

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