RE: [CANSLIM] ADVP

From: Roger Tawa <roger@tawacentral.net>
Subject: RE: [CANSLIM] ADVP
Date: Sat, 24 May 2003 12:12:40 -0400
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Thanks Katherine.

As for the down-sloping ud volume in the handle, I guess that's to be
expected in a proper handle given that the price should be falling.  would
the same be true for the rsline and rsrank?  Assuming the handle is forming
due to a general market downturn, you might expect the rsline and rank to
(at least) be flat for a true leader.  Does that make sense?

=================================================
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:	Friday, May 23, 2003 1:56 PM
		To:	canslim@lists.xmission.com
		Subject:	RE: [CANSLIM] ADVP

		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.]
			

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