Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] SHFL Breaking Out
Date: Thu, 22 May 2003 17:52:31 EDT
Previous Article (by Subject): Re: [CANSLIM] SHFL Breaking Out and pivot point info "Chris Jones"
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Charley:
I don't know if its my gut (or just indigestion due to my uncertainty),=
=20
but a lot of leaders seem to me to have lagging or weak Relative Strength=20
Lines. To me, when the leaders portray this, it indicates that not too many=
funds=20
are interested in buying (ie. they expect a correction shortly).=20
=20
This is just an impression I have from looking look at a lot of charts=20
everyday; it is not based on any rigorous statistical analysis (al=E0 what=20
Katherine might do-to all our benefits, I should accurately add).
jans
In a message dated 5/22/2003 4:53:45 PM Eastern Daylight Time,=20
Chazmoore@aol.com writes:
<< SHFL closed at $25.00 on volume that was up over 423%, clearly indicating=
=20
strong buying pressure, but not enough to push the price much over the=20
pivot.=20
Tomorrow could be interesting. My gut tells me there may be more sellers=20
lurking=20
around waiting to get out. Notice that the handle volume did not really dry=
=20
up=20
that much.
=20
Charley >>
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