[CANSLIM] Should we concider OTHER intraday volume? ANSS

From: "John Calkins" <jcalkins@olypen.com>
Subject: [CANSLIM] Should we concider OTHER intraday volume? ANSS
Date: Thu, 19 Jun 2003 21:06:15 -0700

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MessageI purchaced ANSS today at midday after it crossed its pivot and =
proved its volume was high.  My question is should we concider the =
"OTHER" action of the intraday volume?  I watched the price stay steady =
near the middle of its daily trading range for the day, above its pivot =
but near the end of the day the volume suddenly doubled with no real =
price movement.  Then right at the close it move up slightly with =
another doubling of the volume.  Can some of this be concidered churning =
or is this large volume action normal. Or could it be concidered a sign =
of strength in the face of todays sell off?  Now that I own the stock, I =
want to carefully watch to make sure any down movements are on low =
volumn but what about CANSLIM and watching this intraday volume?

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<DIV><FONT face=3DArial size=3D2>I purchaced ANSS today at midday after =
it crossed=20
its pivot and proved its volume was high.&nbsp; My question is should we =

concider the "OTHER" action of the intraday volume?&nbsp; I watched the =
price=20
stay steady near the middle of its daily trading range for the day, =
above its=20
pivot but near the end of the day the volume suddenly doubled with no =
real price=20
movement.&nbsp; Then right at the close it move up slightly with another =

doubling of the volume.&nbsp; Can some of this be concidered churning or =
is this=20
large volume action normal. Or could it be concidered a sign of strength =
in the=20
face of todays sell off?&nbsp; Now that I own the stock, I want to =
carefully=20
watch to make sure any down movements are on low volumn but what about =
CANSLIM=20
and watching this intraday volume?</FONT><![if =
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