RE: [CANSLIM] IART

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] IART
Date: Thu, 15 May 2003 09:04:40 -0500
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Hi Roger,

I can't say that I've ever seen any official statistics on this, but I have
definitely seen more of them over the last 2 or 3 years (choppy market) and
I see them far less frequently than solid one day breakouts. Another way of
thinking of it is to view the breakout from a weekly point of view. If you
were to look at any particular stock in weekly mode, the overall base and
the breakout during a particular *week* would be far more apparent. I call
these "subtle breakouts" and the only way to take advantage of them is to
buy when the stock hits the pivot on respectable volume, even if it's shy of
the full 150%+ in one day. Then, look for the stock to show follow-through
price/volume action the following day in order to make a decision as to
whether to hold 'em or fold 'em.

Katherine

>  -----Original Message-----
> From: 	owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] 
> Sent:	Wednesday, May 14, 2003 7:40 PM
> To:	canslim@lists.xmission.com
> Subject:	RE: [CANSLIM] IART
> 
> Thanks Katherine.
> 
> I do see the original breakout as you mention.  Is a breakout that happens
> over more than one day a common thing?  Or maybe it's a common thing in
> choppy markets?
> 
> =================================================
> Roger Tawa
> http://tawacentral.net/
> [One thing about paradigms: shift happens.]
> [When you stop, you're done.]
> 
> 		 -----Original Message-----
> 		From: 	owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] 
> 		Sent:	Wednesday, May 14, 2003 9:49 AM
> 		To:	canslim@lists.xmission.com
> 		Subject:	RE: [CANSLIM] IART
> 
> 		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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