From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1452 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Thursday, June 7 2001 Volume 02 : Number 1452 In this issue: Re: [CANSLIM] any thoughts on DGX Re: [CANSLIM] upward wedging hangle.......was DGX [CANSLIM] Fw: Your big list Re: [CANSLIM] upward wedging hangle.......was DGX [CANSLIM] For Bill SMith RE: [CANSLIM] upward wedging hangle.......was DGX Re: [CANSLIM] e trade Re: [CANSLIM] upward wedging hangle.......was DGX RE: [CANSLIM] Besides ClearStation [CANSLIM] FDS Re: [CANSLIM] 7-8% stops/WTSLA Re: [CANSLIM] any thoughts on DGX Re: [CANSLIM] 7-8% stops/WTSLA Re: [CANSLIM] cheapest way to get DGO online [CANSLIM] DGX Re: [CANSLIM] upward wedging hangle.......was DGX Re: [CANSLIM] Distribution Days ---------------------------------------------------------------------- Date: Thu, 7 Jun 2001 13:51:51 -0500 From: "Rich Weinhold" Subject: Re: [CANSLIM] any thoughts on DGX IBD has it on front page today Thursday June 7,2001 as Company in the news, and is on 8 of my TC2000 watch lists, but of course did not buy any, 1st date I had was 5/17/00 when it was in New America, also did it split on 6/1/01 - ----- Original Message ----- From: To: Sent: Thursday, June 07, 2001 12:12 PM Subject: [CANSLIM] any thoughts on DGX Quest Diagnostics inc. DGX IBD ratings 99 87 A B B 3 years EPS 52% 3 years sales 44% Its ROE is only 11% If I remember correctly WON likes to see at least 17% ROE But the cash flow is great at $3.29 last qtr. earnings $0.37 Sloppy chart looks to be at the upper right side of a cup. Need to see a nice handle form. Or maybe it is starting to form. The chart smooths out a bit if you look at a weekly chart. - - - -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. ------------------------------ Date: Thu, 7 Jun 2001 13:53:49 -0500 From: "David Squires" Subject: Re: [CANSLIM] upward wedging hangle.......was DGX Doug, just look at the chart. See the lows of each bar in the handle. They all WEDGE higher with only one lower low. The highs are also wedging higher making this handle even worse. That's what I mean by no price undercuts....it was lousy wording. The English language is no friend of mine. ;) Dave - ----- Original Message ----- From: "Doug Shannon" To: Sent: Thursday, June 07, 2001 1:48 PM Subject: RE: [CANSLIM] upward wedging hangle.......was DGX > I don't understand what you mean by the phrase,"A key part of a wedging > handle is there are no, few, of slight price low undercuts when comparing to > the prior bars in > the handle." > > Please explain. > > Doug > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Squires > Sent: Thursday, June 07, 2001 2:31 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] upward wedging hangle.......was DGX > > > I have been looking for a wedging handle to post here so you could see it. I > have found not a good one yet. A key part of a wedging handle is there are > no, few, of slight price low undercuts when comparing to the prior bars in > the handle. EXPD is the best example I can find for you. It is a very sloppy > chart but these faulty handles really aren't forming right now. > > (wait 15 min) > Here is: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/expd.gif > > > Dave > > ----- Original Message ----- > From: "Doug Shannon" > To: > Sent: Thursday, June 07, 2001 1:15 PM > Subject: RE: [CANSLIM] DGX > > > > David, > > > > Then what does a wedging handle look like? I always thought that for a > > wedging handle prices drift slightly up on lighter volume. If you flip > what > > I am presuming to be a wedging handle then it would be a perfect handle- > one > > that falls slightly on a decrease in volume. > > > > Doug > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Squires > > Sent: Thursday, June 07, 2001 1:38 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] DGX > > > > > > I don't see a wedging handle on the weekly.....just a choppy move up. > > > > DSquires > > > > > > ----- Original Message ----- > > From: "Doug Shannon" > > To: "Canslim@Lists. Xmission. Com" > > Sent: Thursday, June 07, 2001 10:31 AM > > Subject: [CANSLIM] DGX > > > > > > > DGX looks like its tracing out a wedging handle on the weekly. Any > > > thoughts? > > > > > > Fundies look pretty good but I would note the following: > > > > > > ROE only 11% > > > Institutional sponsorship high at 38% > > > last 2 quarters sales increased 3%,3% > > > > > > Doug > > > > > > > > > > > > - > > > -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. > > > > > > - > > -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. > > > - > -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. ------------------------------ Date: Thu, 7 Jun 2001 15:00:13 -0400 From: "Tom Worley" Subject: [CANSLIM] Fw: Your big list Sorry, Tim, looks like your ISP is another one blocking mine. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Tom Worley To: Tim Fisher Sent: Thursday, June 07, 2001 2:18 PM Subject: Re: Your big list Sorry, Tim, what I did risked losing my contract with DGO. I figured I could get away with it once, since I was sending the list to someone with DGO service and was unable to send privately, which I could document. But all their material is copyrighted, and restricted to personal use. They haven't complained yet about my DGO List. I think I am covered there since there is a "value added" by my review :)) Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Tim Fisher To: Sent: Thursday, June 07, 2001 11:00 AM Subject: Your big list I really liked the big list you posted to the group because you couldn't send it privately. Is it against your philosophy or DGO's policy to post it weekly? I filtered it for 80/80/80 A/B and have a list that overlaps significantly with my HGS list but nonetheless has some gems that for some reason HGS misses. I suspect the difference is because of the way DGO calculates their EPS/RS numbers and excludes extraordinaries from the bottom line. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 7 Jun 2001 16:35:51 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] upward wedging hangle.......was DGX Why is this a wedging handle and not a failed bo? How do you tell the difference? Is it the volume? - ----- Original Message ----- From: "David Squires" To: Sent: Thursday, June 07, 2001 2:31 PM Subject: Re: [CANSLIM] upward wedging hangle.......was DGX > I have been looking for a wedging handle to post here so you could see it. I > have found not a good one yet. A key part of a wedging handle is there are > no, few, of slight price low undercuts when comparing to the prior bars in > the handle. EXPD is the best example I can find for you. It is a very sloppy > chart but these faulty handles really aren't forming right now. > > (wait 15 min) > Here is: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/expd.gif > > > Dave > > ----- Original Message ----- > From: "Doug Shannon" > To: > Sent: Thursday, June 07, 2001 1:15 PM > Subject: RE: [CANSLIM] DGX > > > > David, > > > > Then what does a wedging handle look like? I always thought that for a > > wedging handle prices drift slightly up on lighter volume. If you flip > what > > I am presuming to be a wedging handle then it would be a perfect handle- > one > > that falls slightly on a decrease in volume. > > > > Doug - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 7 Jun 2001 16:34:13 -0400 From: "Tom Worley" Subject: [CANSLIM] For Bill SMith This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01C0EF6F.B0D2FEC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Sorry, Bill, tried to answer but, once again, my ISP is blocked by = yours. This problem is getting old, and may force me to change = providers. I will forward to my office and send next Tuesday, unless you have = another address I can try? Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0018_01C0EF6F.B0D2FEC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Sorry, Bill, tried to answer but, once again, my ISP = is=20 blocked by yours. This problem is getting old, and may force me to = change=20 providers.
 
I will forward to my office and send next Tuesday, = unless you=20 have another address I can try?
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0018_01C0EF6F.B0D2FEC0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 7 Jun 2001 17:00:30 -0400 From: "Doug Shannon" Subject: RE: [CANSLIM] upward wedging hangle.......was DGX If you bought it on 5/16 as it took 5/2's high out you would not have been stopped out (assuming you used 8%). If you bought it on 6/4 as it took 5/18's high out you wouldn't have been stopped out either. The 50 day just know crossed the 200 day MA. Vol has been drying up so maybe it is forming another handle. Doug - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Hollingworth Sent: Thursday, June 07, 2001 4:36 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] upward wedging hangle.......was DGX Why is this a wedging handle and not a failed bo? How do you tell the difference? Is it the volume? - ----- Original Message ----- From: "David Squires" To: Sent: Thursday, June 07, 2001 2:31 PM Subject: Re: [CANSLIM] upward wedging hangle.......was DGX > I have been looking for a wedging handle to post here so you could see it. I > have found not a good one yet. A key part of a wedging handle is there are > no, few, of slight price low undercuts when comparing to the prior bars in > the handle. EXPD is the best example I can find for you. It is a very sloppy > chart but these faulty handles really aren't forming right now. > > (wait 15 min) > Here is: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/expd.gif > > > Dave > > ----- Original Message ----- > From: "Doug Shannon" > To: > Sent: Thursday, June 07, 2001 1:15 PM > Subject: RE: [CANSLIM] DGX > > > > David, > > > > Then what does a wedging handle look like? I always thought that for a > > wedging handle prices drift slightly up on lighter volume. If you flip > what > > I am presuming to be a wedging handle then it would be a perfect handle- > one > > that falls slightly on a decrease in volume. > > > > Doug - - - -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. ------------------------------ Date: Thu, 7 Jun 2001 16:08:17 -0500 From: "The Curry's" Subject: Re: [CANSLIM] e trade This is a multi-part message in MIME format. - ------=_NextPart_000_0035_01C0EF6C.103E5200 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I have had sell stops hit prematurely at Datek a couple of times. It = was due to a computer error. Each time I called or e-mailed them and my = shares were put back. Be sure your stop is still in place; you may have = to re-enter it.=20 - --Patti ----- Original Message -----=20 From: BIKEAR@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Thursday, June 07, 2001 9:01 AM Subject: Re: [CANSLIM] e trade I bought at 58.46 6/5 sold 6/6 551/4 at 6/6 but stop in at 53.90 = =20 does etrade do this sort of stuff.....I have never had this before=20 - ------=_NextPart_000_0035_01C0EF6C.103E5200 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I have had sell stops hit prematurely = at Datek a=20 couple of times.  It was due to a computer error.  Each time I = called or e-mailed them and my shares were put back.  Be sure = your=20 stop is still in place; you may have to re-enter it.
 
--Patti
----- Original Message -----
From:=20 BIKEAR@aol.com
To: canslim@lists.xmission.com =
Sent: Thursday, June 07, 2001 = 9:01=20 AM
Subject: Re: [CANSLIM] e = trade

I bought at = 58.46 6/5=20  sold 6/6 551/4 at 6/6  but stop in at 53.90=20        
does etrade do this = sort of=20 stuff.....I have never had this before = - ------=_NextPart_000_0035_01C0EF6C.103E5200-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 7 Jun 2001 16:07:07 -0500 From: "David Squires" Subject: Re: [CANSLIM] upward wedging hangle.......was DGX Ann, That's why I didn't really want to use EXPD as an example because it isn't the best handle. It is, however, a high handle that is wedging. Not the best example. Dave - ----- Original Message ----- From: "Ann Hollingworth" To: Sent: Thursday, June 07, 2001 3:35 PM Subject: Re: [CANSLIM] upward wedging hangle.......was DGX > Why is this a wedging handle and not a failed bo? How do you tell the > difference? Is it the volume? > > ----- Original Message ----- > From: "David Squires" > To: > Sent: Thursday, June 07, 2001 2:31 PM > Subject: Re: [CANSLIM] upward wedging hangle.......was DGX > > > > I have been looking for a wedging handle to post here so you could see it. > I > > have found not a good one yet. A key part of a wedging handle is there > are > > no, few, of slight price low undercuts when comparing to the prior bars in > > the handle. EXPD is the best example I can find for you. It is a very > sloppy > > chart but these faulty handles really aren't forming right now. > > > > (wait 15 min) > > Here is: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/expd.gif > > > > > > Dave > > > > ----- Original Message ----- > > From: "Doug Shannon" > > To: > > Sent: Thursday, June 07, 2001 1:15 PM > > Subject: RE: [CANSLIM] DGX > > > > > > > David, > > > > > > Then what does a wedging handle look like? I always thought that for a > > > wedging handle prices drift slightly up on lighter volume. If you flip > > what > > > I am presuming to be a wedging handle then it would be a perfect handle- > > one > > > that falls slightly on a decrease in volume. > > > > > > Doug > > > > - > -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. ------------------------------ Date: Thu, 7 Jun 2001 16:35:51 -0500 From: "Dempsey, Chris" Subject: RE: [CANSLIM] Besides ClearStation This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0EF99.D2FF37F0 Content-Type: text/plain; charset="iso-8859-1" I've got it set for 100 charts. Today I tried putting 100 in and got only 10 charts plus all the comments fairly quickly. I then opened a portfolio and dumped 100 stocks in it and tried to display them. That didn't work to well. Are you constantly deleting and adding symbols to a portfolio, or are you constantly deleting and adding portfolios. - -----Original Message----- From: Norman [mailto:theboyd@tisd.net] Sent: Thursday, June 07, 2001 6:32 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Besides ClearStation phx777, I enter the weekend review and Tom's list manually, takes only a few minutes. On several other lists (i.e. HGS, Dave's list) I import/copy to Excel then just copy. In the cases where I enter manually, I first enter into Excel then copy; that way I have a backup of the copy in case something goes haywire at cs and I have to recopy. I have copies of all my portfolios in an Excel workbook. If you would like to discuss further just email me privately so we don't clog up eveyone's mail box. Norman Boyd theboyd@tisd.net - ------_=_NextPart_001_01C0EF99.D2FF37F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I've got it set for 100 charts. Today I tried putting 100 in = and=20 got only 10 charts plus = all the=20 comments fairly quickly. I then opened a=20 portfolio and dumped 100 stocks in it and tried to display them. That = didn't=20 work to well.
 
Are you constantly deleting = and adding=20 symbols to a portfolio, or are you constantly deleting and adding=20 portfolios.
-----Original Message-----
From: Norman=20 [mailto:theboyd@tisd.net]
Sent: Thursday, June 07, 2001 = 6:32=20 AM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Besides ClearStation

phx777,
 
I enter the weekend review and Tom's list manually, takes only a = few=20 minutes.  On several other lists (i.e. HGS, Dave's list) I = import/copy to=20 Excel then just copy.  In the cases where I enter manually, I = first enter=20 into Excel then copy; that way I have a backup of the copy in case = something=20 goes haywire at cs and I have to recopy.  I have copies of all = my=20 portfolios in an Excel workbook.  If you would like to discuss = further=20 just email me privately so we don't clog up eveyone's mail box.
 
Norman Boyd
- ------_=_NextPart_001_01C0EF99.D2FF37F0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 7 Jun 2001 15:02:38 -0700 (PDT) From: Steve F Subject: [CANSLIM] FDS Any comments about FDS, one of the 'stocks in the news' in IBD this past week? I cannot account for the drop of the past two days other than profit taking and I note that there is an earnings announcement on June 12. __________________________________________________ Do You Yahoo!? Get personalized email addresses from Yahoo! Mail - only $35 a year! http://personal.mail.yahoo.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. ------------------------------ Date: Thu, 07 Jun 2001 15:20:25 -0700 From: "Sisyphus" Subject: Re: [CANSLIM] 7-8% stops/WTSLA SSS? >JNY gapped down becasue SSS were dismal for the entire apparel industry. >Like I said, rotation is occurring. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 07 Jun 2001 15:23:55 -0700 From: "Sisyphus" Subject: Re: [CANSLIM] any thoughts on DGX ROE may only be 11%, but compare it to the rest of the industry/sector, and= it looks a lot better: http://quicken.excite.com/investments/seceval/?symbol=3DDGX&cmetric=3Drev&cm= etric=3Dmgmt John - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 07 Jun 2001 15:32:12 -0700 From: Tim Fisher Subject: Re: [CANSLIM] 7-8% stops/WTSLA Sasme store sales. On 03:20 PM 6/7/01, Sisyphus Said: >SSS? > > > > >JNY gapped down becasue SSS were dismal for the entire apparel industry. > >Like I said, rotation is occurring. > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 07 Jun 2001 15:31:01 -0700 From: "Sisyphus" Subject: Re: [CANSLIM] cheapest way to get DGO online QP2 has HGS screening software that uses the QP2 database, so no, you do no= need an additional data subscription, although apparently some features= are not available in the HGS-QP package that are included in a full= subscription. Since what is included has met my needs, I haven't= investigated any further. They offer a couple weeks of free service= (including the software, which comes on a CD with historical data)--you= don't have to give a CC# or anything. I've found them to be reliable,= with very responsive customer service. Charting software is adequate, but= I prefer Metastock for line studies. John *********** REPLY SEPARATOR *********** On 6/7/2001 at 11:16 AM Perry Stanfield wrote: >Do you need IRL to run the screens, or can you get by pretty well with >just >qp2? > h - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 07 Jun 2001 15:44:39 -0700 From: Tim Fisher Subject: [CANSLIM] DGX 1. I hate this chart. Wouldn't touch it. 2. That said, I wondered that this 11% ROE is high for the industry. I follow the industry and have owned many of these in the past. Here's the ROE on some I have owned or follow/followed: AZA - 20% AMRI - 18% AAS - 39% TARO - 24% SERO - 13% QGENF - 14% PPDI - 18% FRX - 21% Need I go on? Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 7 Jun 2001 18:48:56 -0500 From: "Norman" Subject: Re: [CANSLIM] upward wedging hangle.......was DGX Here's what WON wrote about the wedging handle (HTMMIS, p. 164). "Additionally, handles that consistently drift upwards along their price lows have a higher probability of failing when they break out into new highs. This wedging-upward characteristic along low points in the handle does not allow the stock to undergo the needed correction or shakeout after having advanced from the low of the base into the upper half of the pattern. This high-risk characteristic tends to occur in either third- or fourth-stage bases, laggard stock bases, or very active market leaders that become too widely followed and obvious." DGX sure looks like a breakout that has pulled back and would have almost an triggered the 8% s/l (assuming a purchase at 62.88) on 5/30/01. I wouldn't call it failed, yet. I don't see the "wedging-upward" handle. Norm - ----- Original Message ----- From: "Ann Hollingworth" To: Sent: Thursday, June 07, 2001 3:35 PM Subject: Re: [CANSLIM] upward wedging hangle.......was DGX > Why is this a wedging handle and not a failed bo? How do you tell the > difference? Is it the volume? > > ----- Original Message ----- > From: "David Squires" > To: > Sent: Thursday, June 07, 2001 2:31 PM > Subject: Re: [CANSLIM] upward wedging hangle.......was DGX > > > > I have been looking for a wedging handle to post here so you could see it. > I > > have found not a good one yet. A key part of a wedging handle is there > are > > no, few, of slight price low undercuts when comparing to the prior bars in > > the handle. EXPD is the best example I can find for you. It is a very > sloppy > > chart but these faulty handles really aren't forming right now. > > > > (wait 15 min) > > Here is: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/expd.gif > > > > > > Dave > > > > ----- Original Message ----- > > From: "Doug Shannon" > > To: > > Sent: Thursday, June 07, 2001 1:15 PM > > Subject: RE: [CANSLIM] DGX > > > > > > > David, > > > > > > Then what does a wedging handle look like? I always thought that for a > > > wedging handle prices drift slightly up on lighter volume. If you flip > > what > > > I am presuming to be a wedging handle then it would be a perfect handle- > > one > > > that falls slightly on a decrease in volume. > > > > > > Doug > > > > - > -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. ------------------------------ Date: Thu, 7 Jun 2001 18:58:30 -0500 From: "Norman" Subject: Re: [CANSLIM] Distribution Days This is a multi-part message in MIME format. - ------=_NextPart_000_0180_01C0EF83.D7A9FD50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, et al, Here is the Ask Bill O'Neil question today from investors.com. What exactly is a distribution day in a market index? Is a = distribution day any day the market closes down on more volume than the = day before? Is it always a bad sign? =20 - Submitted from Los Angeles, Calif. =20 =20 Distribution in the stock market refers to the selling of stock = by large institutions. Distribution is indicated by one or more of the = major market indexes closing down on increased volume from the previous = day. Churning in the market indexes is also a sign of distribution. This = occurs when a day's attempted advance stalls (shows very little change = in price) on greater volume than the day before. Our studies have shown = that four or five days of distribution over a two- to three-week period = are often enough to turn a previously advancing market into decline. = Therefore, once you notice these signs of distribution, it is best to = hold off on any further stock purchases, and perhaps even cut back on = some of your positions, especially if you are on margin.=20 norm=20 ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Thursday, June 07, 2001 6:15 AM Subject: [CANSLIM] Distribution Days I am probably over simplifying the issue, but trying to understand it = better, and pay a little more attention. So looking for some educating = and advice from those that understand the topic better. If I essentially ignore completely down days where the volume was less = than ADV, then I find the following since April 1: NASDAQ - distribution 4/3, 4/26, 5/30 - yesterday clearly by any = definition is not distributional as volume failed to beat the prior day, = which was up. And 4/3, and possibly 4/26, seem too old to be meaningful NYSE Composite - 4/24, 4/30, 5/2, 5/22 appear distributional. Again = yesterday was not due lighter volume DOW 30 - 4/11, 6/6 distributional Russell 2000 - 4/3, 5/30 distributional S&P 500 - 4/3, 4/4, 4/30, 5/22, 5/30 distributional The questions I have: Is this approach too simplistic? Can I simply ignore down days where = volume is less than ADV? Is this summary essentially accurate? How far back in time to you have to consider? What restarts the = counting from zero? Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0180_01C0EF83.D7A9FD50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom, et al,
 
Here is the Ask Bill O'Neil question today from = investors.com.
 
What = exactly is a=20 distribution day in a market index? Is a distribution day any day = the=20 market closes down on more volume than the day before? Is it = always a bad=20 sign?    
- Submitted from
Los = Angeles,=20 Calif. 		 
 
Distribution in the = stock=20 market refers to the selling of stock by large institutions. = Distribution=20 is indicated by one or more of the major market indexes closing = down on=20 increased volume from the previous day. Churning in the market = indexes is=20 also a sign of distribution. This occurs when a day's attempted = advance=20 stalls (shows very little change in price) on greater volume than = the day=20 before. Our studies have shown that four or five days of = distribution over=20 a two- to three-week period are often enough to turn a previously=20 advancing market into decline. Therefore, once you notice these = signs of=20 distribution, it is best to hold off on any further stock = purchases, and=20 perhaps even cut back on some of your positions, especially if you = are on=20 margin.
 
 
 
norm
----- Original Message -----
From:=20 Tom = Worley=20
To: CANSLIM
Sent: Thursday, June 07, 2001 = 6:15=20 AM
Subject: [CANSLIM] Distribution = Days

I am probably over simplifying the issue, but = trying to=20 understand it better, and pay a little more attention. So looking for = some=20 educating and advice from those that understand the topic = better.
 
If I essentially ignore completely down days where = the=20 volume was less than ADV, then I find the following since April=20 1:
 
NASDAQ - distribution 4/3, 4/26, 5/30 - yesterday = clearly by=20 any definition is not distributional as volume failed to beat the = prior day,=20 which was up. And 4/3, and possibly 4/26, seem too old to be=20 meaningful
 
NYSE Composite - 4/24, 4/30, 5/2, 5/22 appear=20 distributional. Again yesterday was not due lighter = volume
 
DOW 30 - 4/11, 6/6 distributional
 
Russell 2000 - 4/3, 5/30 = distributional
 
S&P 500 - 4/3, 4/4, 4/30, 5/22, 5/30=20 distributional
 
The questions I have:
 
Is this approach too simplistic? Can I simply = ignore down=20 days where volume is less than ADV?
 
Is this summary essentially accurate?
 
How far back in time to you have to consider? What = restarts=20 the counting from zero?
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
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