Re: [CANSLIM] ADVP

From: Spencer48@aol.com
Subject: Re: [CANSLIM] ADVP
Date: Sat, 24 May 2003 23:15:12 EDT

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Katherine: 

     Per your last sentence of this E-mail, how would you handle a stock that 
is in an obvious good looking C&H, and whose right side shows price 
increasing on good volume-but whose right side also shows that the RS Line is declining 
as the right side builds up to the Handle?

     One or the other (volume or RSL) must be given the the deciding weight.  
Which would you choose-and why?

jans


In a message dated 5/24/2003 12:38:09 PM Eastern Daylight Time, 
kmalm@earthlink.net writes:

<< What you really want to keep your eye on is a very marked negative
 divergence in the direction of the RSLine relative to the price action in
 the stock.  ...if price is rising on ever decreasing volume, that divergence 
shows a lack of  conviction in the move and raises the likelihood that the 
stock will
 correct. That's why you ideally want to see volume *rise* on the right side
 of the cup. >>

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