[CANSLIM] FWHT Wedging?

From: "Kelly Short" <kelly.short@fw.us.neoris.com>
Subject: [CANSLIM] FWHT Wedging?
Date: Mon, 30 Jun 2003 10:06:25 -0500

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Is FWHT giving sell signals?
=20
I'm perplexed over the recent (past four days) action of FWHT. Katherine =
Malm astutely brought a pattern to the attention of this group in which =
a stock price increases while volume decreases, a pattern she called =
wedging. I don't remember the technical definition (if there was one) of =
how much the stock must increase while the volume decreases to be =
considered "wedging." As this question pertains to FWHT- does anyone see =
the "wedging" action in FWHT over the past four days and therefore a =
potential sell signal, or is FWHT simply absorbing its recent huge =
run-up?
=20
My conclusion is that it is moving sideways with decreasing volume (a =
potential buy signal).

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<DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>Is =
FWHT giving sell=20
signals?</FONT></SPAN></DIV>
<DIV><SPAN class=3D538150715-30062003><FONT face=3DArial=20
size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>I'm =
perplexed over=20
the recent (past four days) action of FWHT. Katherine Malm astutely =
brought a=20
pattern to the attention of this group in which a stock price increases =
while=20
volume decreases, a pattern she called wedging. I don't remember the =
technical=20
definition (if there was one) of how much the stock must increase while =
the=20
volume decreases to be considered "wedging." As this question pertains =
to FWHT-=20
does anyone see the "wedging" action in FWHT over the past four days and =

therefore a potential sell signal, or is FWHT simply absorbing its =
recent huge=20
run-up?</FONT></SPAN></DIV>
<DIV><SPAN class=3D538150715-30062003><FONT face=3DArial=20
size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>My =
conclusion is=20
that it is moving sideways with decreasing volume (a potential buy=20
signal).</FONT></SPAN></DIV></BODY></HTML>

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