Re: [CANSLIM] FWHT Wedging?

From: "Jonathan Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: [CANSLIM] FWHT Wedging?
Date: Mon, 30 Jun 2003 12:15:22 -0400

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Keep in mind the market in general is proceeding on lower volume (on =
both good and bad days) for the past week or so. Not commenting on =
FWHT's pattern in particular, but it is symptomatic of the whole market =
so I'm not sure what you can conclude.


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  ----- Original Message -----=20
  From: Kelly Short=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, June 30, 2003 11:06 AM
  Subject: [CANSLIM] FWHT Wedging?


  Is FWHT giving sell signals?

  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?

  My conclusion is that it is moving sideways with decreasing volume (a =
potential buy signal).
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<DIV><FONT face=3DVerdana color=3D#0000ff>Keep in mind the market in =
general is=20
proceeding on lower volume (on both good and bad days) for the past week =
or so.=20
Not commenting on FWHT's pattern in particular, but it is symptomatic of =
the=20
whole market so I'm not sure what you can conclude.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV>----------------------------------------------------<BR>This =
mailbox=20
protected from junk email by Matador<BR>from MailFrontier, Inc. <A=20
href=3D"http://info.mailfrontier.com">http://info.mailfrontier.com</A><BR=
></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dkelly.short@fw.us.neoris.com=20
  href=3D"mailto:kelly.short@fw.us.neoris.com">Kelly Short</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, June 30, 2003 =
11:06=20
AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] FWHT =
Wedging?</DIV>
  <DIV><BR></DIV>
  <DIV><SPAN class=3D538150715-30062003><FONT face=3DArial size=3D2>Is =
FWHT giving=20
  sell 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=20
  FWHT- does anyone see the "wedging" action in FWHT over the past four =
days and=20
  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></BLOCKQUOTE></BODY></HTML>

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