Go to Jeff Salisbury LWGate Home Page.From: "Pritish Shah" <pshah@lason.com>
Subject: Re: [CANSLIM] breakout strength
Date: Tue, 19 Aug 2003 14:19:33 -0400
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According to Thomas Bulkowski (Encyclopedia of Chart Patterns). There does not seem to be that huge of a correlation between huge volume breakout and just a breakout. An excerpt of his statistics is included in http://www.tradersnetwork.org/education_channel/articles/bulkowski__encyclopedia_chart_patterns_01.htm Hope it helps... Pritish >>> michael_niemotka@baxter.com 8/19/2003 11:50:04 AM >>> Does anyone know if any studies have been conducted to determine if there is a relationship between the volume % on the day of breakout relative to future success? So, if stock A breakout out and rises 3% on it's breakout day, with volume 200% of 50dMA , but stock B breaks out , only rises 1%, but does so on 1000% of 50dMA? Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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