Re: [CANSLIM] FWHT Wedging?

From: Spencer48@aol.com
Subject: Re: [CANSLIM] FWHT Wedging?
Date: Mon, 30 Jun 2003 12:48:15 EDT

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Kelly:

     I believe Katherine (and I'm sure she'll correct me if I'm wrong) was 
talking about a stock's HANDLE wedging (ie. rising higher on low volume).  

     While, I suppose, a stock could wedge (and I believe triangle formations 
are based on this price/volume tandem), CANSLIM is not founded on stock 
formations that wedge, but rather stocks which form different kinds of bases with 
handles.

jans

In a message dated 6/30/2003 11:32:56 AM Eastern Daylight Time, 
kelly.short@fw.us.neoris.com writes:  << 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...  >>

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