Go to Jeff Salisbury LWGate Home Page.From: jclark249@comcast.net
Subject: Re: [CANSLIM] SHFL Breaking Out and pivot point info
Date: Thu, 22 May 2003 19:48:34 -0400
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How do most of you find teh pivot point on a stock, and
are the any good info sites to get this information.
Thanks in Advance
Joe clark
----- Original Message -----
From: Katherine Malm
To: canslim@lists.xmission.com
Sent: Thursday, May 22, 2003 2:51 PM
Subject: RE: [CANSLIM] SHFL Breaking Out
Hi Chris,
A stock hasn't broken out unless it *closes* above the pivot on >=150% average daily volume. WON suggests, however, that if, intraday, a stock hits the pivot price on projected volume >= 150% ADV, then it makes sense to enter the position. If by day's end it falls back below the pivot, you can either sell it outright, or hold if you wish to take on the risk.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chris Jones
Sent: Thursday, May 22, 2003 12:12 PM
To: CANSLIM
Subject: [CANSLIM] SHFL Breaking Out
SHFL was a stock discussed a week or two ago. Today it seems to be breaking out of it's handle. However, though it is up $1.40 it is $1 below its intraday high. Seems to be a little resistance at $25. If it fails to close above the left side of its handle, would this be considered a failed breakout?
Chris
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<DIV><FONT size=2>How do most of you find teh pivot point on a stock,
and</FONT></DIV>
<DIV><FONT size=2>are the any good info sites to get this
information.</FONT></DIV>
<DIV><FONT size=2>
Thanks in
Advance</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>
Joe clark</FONT></DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=kmalm@earthlink.net href="mailto:kmalm@earthlink.net">Katherine
Malm</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, May 22, 2003 2:51
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] SHFL Breaking
Out</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=367074118-22052003>Hi Chris,</SPAN></DIV>
<DIV><SPAN class=367074118-22052003></SPAN> </DIV>
<DIV><SPAN class=367074118-22052003>A stock hasn't broken out unless it
*closes* above the pivot on >=150% average daily volume. WON suggests,
however, that if, intraday, a stock hits the pivot price on projected
volume >= 150% ADV, then it makes sense to enter the position. If by day's
end it falls back below the pivot, you can either sell it outright, or hold if
you wish to take on the risk.</SPAN></DIV>
<DIV><SPAN class=367074118-22052003></SPAN> </DIV>
<DIV><SPAN class=367074118-22052003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B>
owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Chris
Jones<BR><B>Sent:</B> Thursday, May 22, 2003 12:12 PM<BR><B>To:</B>
CANSLIM<BR><B>Subject:</B> [CANSLIM] SHFL Breaking Out<BR><BR></FONT></DIV>
<DIV><FONT face=Arial size=2>SHFL was a stock discussed a week or two
ago. Today it seems to be breaking out of it's handle. However,
though it is up $1.40 it is $1 below its intraday high. Seems to
be a little resistance at $25. If it fails to close above the
left side of its handle, would this be considered a failed
breakout?</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial
size=2>Chris</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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