Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] ADVP
Date: Fri, 23 May 2003 12:56:11 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0028_01C3212A.AF62B2D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Roger, I think with a stock like ADVP, particularly where the base is lengthy, it's easiest to put the volume action in perspective when looking at the weekly chart. I don't think there's anything worrisome about an decreasing ADV line as it's simply summarizing action over the last 50 days and so will vary a bit, particularly if there were some very high volume days early in the 50 day period that then drop off the calculation as time marches on. That would be particularly true when much of the base falls outside that 50 day period. In this case, ADVP's base is more than a year. If there were high volume on the left side or near the bottom of the base as the stock pushed down and then made a high volume reversal at the bottom, then eventually, those volume bars fall outside the 50 days and action on the right side of the base takes over in the ADV calculation. So, all in all, I'd put ADVP's base into perspective by looking at the weekly action: http://www.cwhcharts.com/katherine/ADVPWkly052303.JPG and a close up of the action on the right side of the base and handle: http://www.cwhcharts.com/katherine/ADVP052303.JPG Katherine > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] > Sent: Thursday, May 22, 2003 8:42 PM > To: CANSLIM > Subject: [CANSLIM] ADVP > > Hi all, > > I am looking at ADVP. I do not own it at this time. It seems to have > pretty good fundies. As for the chart, the handle looks good, going down > along the lows and volume drying up. The rsline is making new highs at > the pp. the rsrank and ud volume are good. Finally, the weekly chart > also looks good, except it seems to have a downtrend in the ud volume. > > The one thing I'm not sure about is the lack of volume in rhs of the cup. > In fact, the 50 day ADV actually goes down during the rhs of the cup, > except for one spike near the pp. Is this a big concern? Thanks. > > ================================================= > Roger Tawa > http://tawacentral.net/ > [One thing about paradigms: shift happens.] > [When you stop, you're done.] > - ------=_NextPart_000_0028_01C3212A.AF62B2D0 Content-Type: application/ms-tnef; name="winmail.dat" Content-Transfer-Encoding: base64 Content-Disposition: attachment; filename="winmail.dat" eJ8+IgsRAQaQCAAEAAAAAAABAAEAAQeQBgAIAAAA5AQAAAAAAADoAAEIgAcAGAAAAElQTS5NaWNy b3NvZnQgTWFpbC5Ob3RlADEIAQ2ABAACAAAAAgACAAEGgAMADgAAANMHBQAXAA0AOAAAAAUAQAEB A5AGAGQKAAAkAAAACwACAAEAAAALACMAAAAAAAMAJgAAAAAACwApAAAAAAADAC4AAAAAAAMANgAA AAAAHgBwAAEAAAAFAAAAQURWUAAAAAACAXEAAQAAABsAAAABwyDU1rErZeOYOAlOOaiOYjn5bV59 AB986RAAAgEdDAEAAAAZAAAAU01UUDpLTUFMTUBFQVJUSExJTksuTkVUAAAAAAsAAQ4AAAAAQAAG DgBgWvNcIcMBAgEKDgEAAAAYAAAAAAAAAF9KHWjnNU9AjTMBkJ+vVTHCgAAACwAfDgEAAAACAQkQ AQAAABcGAAATBgAAegoAAExaRnWnSho5AwAKAHJjcGcxMjUWMgD4C2BuDhAwMzP5DsZmZQ9CAfcC pANjAgAEY2gKwHNldDAgHwdtAoMAUAPUAgBwcnF/DlARuAcTAoMUYRPPEgRhNmgDcQKAfQqACMgg Oy0JbzACgAqBdgiQd2tpC4BkNAxgYwBQCwNjQxOCC8M0IEhpB/FnHQSQLAqiCoQKgEkgdDJoC4Br IAPwHZAgYSAgc3RvYx3QbGkEa2UVEERWUCwgFQqxdA3gdQtgcmx5PR3gaASQHvAdkB7wYmFdEgAg BAAesAnwZx2QeesfUB4AJwQgZSDwCJAeYLUdgG8fYHUioSCxdgbw9nUHgB4wYx+gAiAhIAOg2nAE kHMkgCPxdh7wIEFrA6AJAG8acWceMCMUd40J4GsgERHCdC4gHXD6ZAIgJyMSHbIgoRjQIhFtAHB5 HZIl8HcFsAUQc/8DcCPBBuAjAQORBYEY0CJR9yXhHxEesW4jwQQgIfMAkHZtC1AgIHMjoADABRB6 +yXTI/RvJRAFwCCiC2AikaI1EjBkYXkoomQeUOsi0APwbAMgdgrAICAeQP5iHgAfXQaQKDQmcSBx KaP3LfEgIB2gZx4gI3Uu8yJA/zFTA6Agoi7EJHIkEC9gHZB3JhQqYQNgcC3QASAgk2P/B0AfwiQD K8EfoCOxLOERwPcHkQIgJ0BUNeIpUB/QL2BmYh7wH3t0cgpQJTRtrxrQHiA2wCCYZgdAbDjh/yMA AJABADXENPsnQTSSITH/N0ASAB9QHxIiESDmBGAgc/sDkR5AeTQhJ0ExqzMaJCH/LjMBcSwxPVEF sSuQCsEgo/5vAkADcDvbOAIgsR5kIvDucyBQL2AngHc34S9RNiO/AMA9UR5AMxoY0C3xcwdAvyYG RSQfUDYjSbECMHU8sfshwR2QbyEBI3Ug4BHwPJP/PPk01i8kLXY0lAUQMzBD9v87+QGQHuA44S3y NIUrMjdJ8i4culNvH1BNYiRRPLH5H1BJJy9gIvI/qwIwItG9JJliICAlnyajI+Q6HLSBUDB0cDov L3dacGwuYyBAJvNzWqADcC+uayYQIFErgS8fElcmsQowDkAzD1AuSlBH3xy6TuMm4AkAIQF1NqIg k99PL1A/RiIvUUDxZCFgWZ/vWq9buly/HMNLW6Ycugr0+R7AMzYBQBtgAUAUMEUweyTRE3EgAzAP BBvwFaQx6DYgLWrST2BRC4BKAf5NB5BJ8BxwatMctmkEaNGDCxNpBmktMTQ0AUBxHsAxODABQAzQ bnNitCBGA2E6AzAMkmISMDtHoQSQLTdAAIAewG1A5x7AHmBkAHhtBAFTUmQh3CBbAMADEB5wOnCv cb3+XQrjCoFvoAZgAjBiYHA1WzlACHBzLvEfUE01MTIOMh9QAdAPUCA4OjTQMiBQTXVXVHMQcCZA Q0FOU0xJeIhT2HViaiTRdidbedV1MP8fEmc8bP9pMmhWAFAPBxOD7wHQHBJVAhy8YUVwV9kfEv8n QCdTRIBFMHCSIeEmBCEx7zgygwJD8QngbTgRItAR0NclERQwEhB0ICBnV+AvYNxmdRqQInGDAUFN MQWx/zcDJwJLA2H1V8MEIIaiH1D/hqBYEkeUCQBYIS4zR6AvJP8zZjAgWBJe0IMBOUBJgXPB/yuR QGJRgFgSK5AH4DMSKKHNIxRwjPJgE3NyAHAd0H0vQnWL5wrAHvCGooMBRj9rYkv0JmxUgS+BiWpl ePxjZQUxhAGFXB5AR5I68P8J8C9gNIWQ11OLjTICICCC5VgSSQAQcXVpEThwg3P/LLAgcSn0hIIu Qx6RO+Ejdf0kUXKO8TvlH8CM8j7BPKD/I/CIlDT1KzIj4UvDhpEHkf1Hk2QIcYsFnPyUt4fCmSLv JLAe0kSXj5NJRmIhMTBS2yXwBaBulPAEoD+NEpBR52QAZztpxiA9p++o/6ns5xy0HFMXQXdhYnsB kKvQl5TwlqEHQC4rkHQvHLT8W0+ZNyn0CrFIgDMghYD/cABHQAaQBUAR0I+QCfBkAOpdrcVXJVJ5 CGAeUqIx/bGRJyBxJ4GE4LDFf3gcwwUX0QC0kAAeAEIQAQAAADUAAAA8UENFSExLS0RLTU5ITlBM T0ZHR0xDRUxHQ0ZBQS5yb2dlckB0YXdhY2VudHJhbC5uZXQ+AAAAAAsAAYAIIAYAAAAAAMAAAAAA AABGAAAAAAOFAAAAAAAAAwADgAggBgAAAAAAwAAAAAAAAEYAAAAAEIUAAAAAAAADAAeACCAGAAAA AADAAAAAAAAARgAAAABShQAAfW4BAB4ACYAIIAYAAAAAAMAAAAAAAABGAAAAAFSFAAABAAAABAAA ADkuMAALAA2ACCAGAAAAAADAAAAAAAAARgAAAACChQAAAQAAAAsAOoAIIAYAAAAAAMAAAAAAAABG AAAAAA6FAAAAAAAAAwA8gAggBgAAAAAAwAAAAAAAAEYAAAAAEYUAAAAAAAADAD2ACCAGAAAAAADA AAAAAAAARgAAAAAYhQAAAAAAAAsAUoAIIAYAAAAAAMAAAAAAAABGAAAAAAaFAAAAAAAAAwBTgAgg BgAAAAAAwAAAAAAAAEYAAAAAAYUAAAAAAAACAfgPAQAAABAAAABfSh1o5zVPQI0zAZCfr1UxAgH6 DwEAAAAQAAAAX0odaOc1T0CNMwGQn69VMQIB+w8BAAAAsgAAAAAAAAA4obsQBeUQGqG7CAArKlbC AABQU1RQUlguRExMAAAAAAAAAABOSVRB+b+4AQCqADfZbgAAAEM6XERvY3VtZW50cyBhbmQgU2V0 dGluZ3NcS2F0aGVyaW5lIE1hbG1cTG9jYWwgU2V0dGluZ3NcQXBwbGljYXRpb24gRGF0YVxNaWNy b3NvZnRcT3V0bG9va1xNaWNyb3NvZnRcT3V0bG9va1xvdXRsb29rLnBzdAAAAAMA/g8FAAAAAwAN NP03AAACAX8AAQAAADMAAAA8RVBFQUlORERGT05LSUNNSExDQUVJRUNCQ05BQS5rbWFsbUBlYXJ0 aGxpbmsubmV0PgAAAwAGEGNklE0DAAcQgAYAAAMAEBAAAAAAAwAREAMAAAAeAAgQAQAAAGUAAABI SVJPR0VSLElUSElOS1dJVEhBU1RPQ0tMSUtFQURWUCxQQVJUSUNVTEFSTFlXSEVSRVRIRUJBU0VJ U0xFTkdUSFksSVRTRUFTSUVTVFRPUFVUVEhFVk9MVU1FQUNUSU9OSU5QAAAAANv0 - ------=_NextPart_000_0028_01C3212A.AF62B2D0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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