Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] DKS
Date: Tue, 5 Aug 2003 10:00:55 -0500
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Hi Dave,
When counting bases the next base starts only after the stock has risen >=25%
from the previous base. See a generalized example at:
http://www.breakoutwatch.com/katherine/HealthyRisingStockSm.JPG
http://www.breakoutwatch.com/katherine/TypesOfBasesSm.JPG
In the case of DKS, a recent IPO, the first area of consolidation is considered
Base #0. After rising >=25%, the next area of consolidation will be considered
Base #1. That's what may be happening right now, as DKS has been moving sideways
for 3 weeks. As bases need to be at least 5-7 weeks minimum, you can't yet tell
if DKS is pausing in its uptrend, or forming a solid base. See the annotated
chart at:
http://www.breakoutwatch.com/katherine/DKS080503.JPG
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Wood
Sent: Tuesday, August 05, 2003 9:05 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] DKS
I have a base count question.
Monday, IBD said DKS has "trended sideways for the past three weeks." (a
b3 ?).
I always start a base count as the first down week after the last new high
up week. In DKS case, I count the current base as starting the week of July 29 -
as of Friday, its only a b1. Am I looking at the chart incorrectly?
Thanks in advance,
Dave
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<DIV><SPAN class=3D531295414-05082003>Hi Dave,</SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003>When counting bases the next base =
starts=20
only after the stock has risen >=3D25% from the previous base. See a=20
generalized example at:</SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003><A=20
href=3D"http://www.breakoutwatch.com/katherine/HealthyRisingStockSm.JPG">=
http://www.breakoutwatch.com/katherine/HealthyRisingStockSm.JPG</A></SPAN=
></DIV>
<DIV><SPAN class=3D531295414-05082003><A=20
href=3D"http://www.breakoutwatch.com/katherine/TypesOfBasesSm.JPG">http:/=
/www.breakoutwatch.com/katherine/TypesOfBasesSm.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003>In the case of DKS, a recent IPO, =
the first=20
area of consolidation is considered Base #0. After rising >=3D25%, =
the next=20
area of consolidation will be considered Base #1. That's what may be =
happening=20
right now, as DKS has been moving sideways for 3 weeks. As bases need to =
be at=20
least 5-7 weeks minimum, you can't yet tell if DKS is pausing in its =
uptrend, or=20
forming a solid base. See the annotated chart at:</SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003><A=20
href=3D"http://www.breakoutwatch.com/katherine/DKS080503.JPG">http://www.=
breakoutwatch.com/katherine/DKS080503.JPG</A></SPAN></DIV>
<DIV><SPAN class=3D531295414-05082003></SPAN> </DIV>
<DIV><SPAN class=3D531295414-05082003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Dave=20
Wood<BR><B>Sent:</B> Tuesday, August 05, 2003 9:05 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM]=20
DKS<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> I have a base =
count question.=20
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Monday, IBD said =
DKS has=20
"trended sideways for the past three weeks." (a b3=20
?). </FONT></DIV>
<DIV><FONT face=3DArial size=3D2> </FONT></DIV>
<DIV><FONT face=3DArial size=3D2> I always start a =
base count as=20
the first down week after the last new high up week. In DKS case, =
I count=20
the current base as starting the week of July 29 - as of =
Friday, its=20
only a b1. Am I looking at the chart =
incorrectly? </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Thanks in=20
advance,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> =20
Dave</FONT></DIV></BLOCKQUOTE></BODY></HTML>
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