RE: [CANSLIM] IART

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] IART
Date: Wed, 14 May 2003 08:49:09 -0500
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Hi Roger,

I find it helpful to step back and take a larger view of the chart in
situations like this. While the handle itself has a little up/down action
across the lows, it has a fairly tight range and shows that the stock is
pulling back on decreasing volume. While an "ideal" handle drifts down on
decreasing volume, the reality is that it's hard to find that ideal in all
cases. The one thing I *don't* like is an upward drifting handle or a handle
showing excessive distribution. IART doesn't currently show either of these
characteristics. The one difficult part of the chart is that IART actually
set up previously and then broke out of its first handle, but took a couple
of days to do so decisively. In other words, it didn't generate the 150% +
volume all at one time, but the pullback action in the current action is a
sign that the move is being digested well. See an annotated chart with
additional notes on the current base at:

http://www.cwhcharts.com/katherine/IART051303.JPG

Katherine

>  -----Original Message-----
> From: 	owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] 
> Sent:	Monday, May 12, 2003 10:02 PM
> To:	CANSLIM
> Subject:	[CANSLIM] IART
> 
> Hi all,
> 
> I am trying to evaluate the handle of this charts.  Assuming you agree
> that a pivot was formed on april 25th, would this be considered a sideways
> moving handle?
> 
> The volume seems to dry up, but the lows first move up, then move down,
> and now seem to move sideways.
> 
> Thanks.
> 
> =================================================
> Roger Tawa
> http://tawacentral.net/
> [One thing about paradigms: shift happens.]
> [When you stop, you're done.]
> 

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