From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1764 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 Tuesday, October 30 2001 Volume 02 : Number 1764 In this issue: Re: [CANSLIM] TARO Re: [CANSLIM] TARO Re: [CANSLIM] TARO Re: [CANSLIM] TARO RE: [CANSLIM] TARO ---------------------------------------------------------------------- Date: Wed, 31 Oct 2001 08:56:28 +0700 From: Peter Christiansen Subject: Re: [CANSLIM] TARO Yes Tom, that is my objection to calling it a double bottom.  WON says the second bottom should undercut the first by one or two points.  TARO's undercuts by 6 1/2 points.  In the Advanced Investment Workshop WON also stressed that, like coffee cups, "ups come in all shapes and sizes"  "sometimes lopsided, sometimes with funny shaped bottoms".  To me, TARO is a cup with a "funny shaped bottom".  I don't think makes much difference whether you call it double bottom or a cup.  What it is, is a base.

Regarding the handle...  As I stated in earlier messages, I felt the "handle from 10/12-10/24 was too low in the base and that I would wait for it to build a higher handle.  It looks like it has started to build a higher handle, starting on 10/26.  It is drifting lower, and volume is drying up.  It is still too soon to consider it a valid handle though.

Peter



At 08:08 PM 10/30/2001 -0500, you wrote:
Note also that the completion of the "W" places it not only over both the 200 and 50 DMA, but very close to latest highs, suggesting very little overhead resistance remaining in its recovery.
 
I am presuming that Peter's objection was that the second bottom was more than a "slight" undercut of the first bottom. I don't see that as a problem, especially given the overall impact of the 9/11 attacks. If the objection was other than this, then I don't get his point.
 
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----
From: Spencer48@aol.com
To: canslim@lists.xmission.com
Sent: Tuesday, October 30, 2001 7:54 PM
Subject: Re: [CANSLIM] TARO

In a message dated 10/30/2001 7:08:19 AM Eastern Standard Time,
peterc@loxinfo.co.th writes:

<< In a double bottom, the second bottom should ideally slightly undercut
 the first.  In this instance, I don't think it fits that
 description.  Anyway, double bottoms form handles too.<<
 
Peter:

     I'm not sure where you're looking, but to me TARO formed a very nice
double bottom:  The first bottom was in August and the 2nd bottom was in late
September.  Notice that the 200 stopped the 2nd fall in late September, and
also that the 2nd bottom IS below the first bottom.  Presently, TARO seems to
be making a handle on light volume-after stalling when meeting the same level
as the W formation's apex.

jans  

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

"The crowd has never thirsted for the truth" - Gustave LeBon
- - - -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: Wed, 31 Oct 2001 09:04:05 +0700 From: Peter Christiansen Subject: Re: [CANSLIM] TARO Excellent point Katherine.  The industry group weakness is the one black mark I give TARO.  In the present environment, and it is a very big black mark.  Even if TARO breaks out, I probably won't buy it. Suspect we are in another bear market rally.  On the other hand, if it breaks down, I would seriously consider shorting it.

Peter

At 07:36 PM 10/30/2001 -0600, you wrote:

If I'm ever in doubt about a chart, I'll look at others in the same group.
With TARO, here's its cohorts:
BRL: KO'd (knocked-out)
ADRX: lousy, wide and loose, low RS
WPI: KO'd
MYL: suspect, with gaps down
PRX: suspect, sure looks triple toppy
ALO: lousy, gap down, low RS
IVX: KO'd

I'd say odds favor TARO taking a trip lower rather than working through that
handle and breaking out.

Katherine
- ----- Original Message -----
From: "Williams, Bob" <robert.c.williams@eds.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, October 30, 2001 7:20 PM
Subject: RE: [CANSLIM] TARO


> I'm brand new here, and forgive me for blurting out before I've "felt out"
> the group, but isn't the volume a little high on the handle?  It doesn't
> look like volume is "drying up."
>
> Bob Williams
> EDS Systems
> California Medi-Cal
> phone: (916) 861-1861
> fax: (916) 636-1002
> cell: (916) 804-6803
>
>
> > -----Original Message-----
> > From: Spencer48@aol.com [mailto:Spencer48@aol.com]
> > Sent: Tuesday, October 30, 2001 4:54 PM
> > To: canslim@lists.xmission.com
> > Subject: Re: [CANSLIM] TARO
> >
> >
> > In a message dated 10/30/2001 7:08:19 AM Eastern Standard Time,
> > peterc@loxinfo.co.th writes:
> >
> > << In a double bottom, the second bottom should ideally
> > slightly undercut
> >  the first.  In this instance, I don't think it fits that
> >  description.  Anyway, double bottoms form handles too.<<
> >
> > Peter:
> >
> >      I'm not sure where you're looking, but to me TARO formed
> > a very nice
> > double bottom:  The first bottom was in August and the 2nd
> > bottom was in late
> > September.  Notice that the 200 stopped the 2nd fall in late
> > September, and
> > also that the 2nd bottom IS below the first bottom.
> > Presently, TARO seems to
> > be making a handle on light volume-after stalling when
> > meeting the same level
> > as the W formation's apex.
> >
> > jans
>
> -
> -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.

"The crowd has never thirsted for the truth" - Gustave LeBon
- - - -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: Tue, 30 Oct 2001 21:08:12 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] TARO This is a multi-part message in MIME format. - ------=_NextPart_000_006F_01C16186.FC86F720 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks for the explanation, Peter. The magnitude of the undercut for the second bottom (or third or fourth) = is one point on which I differ with WON. I think his limit is way too = tight, especially given the volatility of the past few years. Not that = many years ago, a point or two was considered a significant swing, now = it's just normal one day trading for many stocks. And as I mentioned, I = give a considerable tolerance due to the events of 9/11.=20 But I do agree that the formation is incomplete. And given the comments = by Katherine about others in the group, it seems that the group itself = is shaky. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Peter Christiansen=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, October 30, 2001 8:56 PM Subject: Re: [CANSLIM] TARO Yes Tom, that is my objection to calling it a double bottom. WON says = the second bottom should undercut the first by one or two points. = TARO's undercuts by 6 1/2 points. In the Advanced Investment Workshop = WON also stressed that, like coffee cups, "ups come in all shapes and = sizes" "sometimes lopsided, sometimes with funny shaped bottoms". To = me, TARO is a cup with a "funny shaped bottom". I don't think makes = much difference whether you call it double bottom or a cup. What it is, = is a base. Regarding the handle... As I stated in earlier messages, I felt the = "handle from 10/12-10/24 was too low in the base and that I would wait = for it to build a higher handle. It looks like it has started to build = a higher handle, starting on 10/26. It is drifting lower, and volume is = drying up. It is still too soon to consider it a valid handle though. Peter At 08:08 PM 10/30/2001 -0500, you wrote: Note also that the completion of the "W" places it not only over = both the 200 and 50 DMA, but very close to latest highs, suggesting very = little overhead resistance remaining in its recovery. =20 I am presuming that Peter's objection was that the second bottom was = more than a "slight" undercut of the first bottom. I don't see that as a = problem, especially given the overall impact of the 9/11 attacks. If the = objection was other than this, then I don't get his point. =20 Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Spencer48@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, October 30, 2001 7:54 PM Subject: Re: [CANSLIM] TARO In a message dated 10/30/2001 7:08:19 AM Eastern Standard Time,=20 peterc@loxinfo.co.th writes: << In a double bottom, the second bottom should ideally slightly = undercut the first. In this instance, I don't think it fits that description. Anyway, double bottoms form handles too.<< =20 Peter:=20 I'm not sure where you're looking, but to me TARO formed a = very nice=20 double bottom: The first bottom was in August and the 2nd bottom = was in late=20 September. Notice that the 200 stopped the 2nd fall in late = September, and=20 also that the 2nd bottom IS below the first bottom. Presently, = TARO seems to=20 be making a handle on light volume-after stalling when meeting the = same level=20 as the W formation's apex. jans =20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. "The crowd has never thirsted for the truth" - Gustave LeBon - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the = email body, write "subscribe canslim" or -"unsubscribe canslim". Do not = use quotes in your email.=20 - ------=_NextPart_000_006F_01C16186.FC86F720 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Thanks for the explanation, Peter.
 
The magnitude of the undercut for the second bottom = (or third=20 or fourth) is one point on which I differ with WON. I think his limit is = way too=20 tight, especially given the volatility of the past few years. Not that = many=20 years ago, a point or two was considered a significant swing, now it's = just=20 normal one day trading for many stocks. And as I mentioned, I give a=20 considerable tolerance due to the events of 9/11.
 
But I do agree that the formation is incomplete. And = given the=20 comments by Katherine about others in the group, it seems that the group = itself=20 is shaky.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Peter=20 Christiansen
To: canslim@lists.xmission.com =
Sent: Tuesday, October 30, 2001 = 8:56=20 PM
Subject: Re: [CANSLIM] = TARO

Yes Tom, that is my objection to calling it a double=20 bottom.  WON says the second bottom should undercut the first by = one or=20 two points.  TARO's undercuts by 6 1/2 points.  In the = Advanced=20 Investment Workshop WON also stressed that, like coffee cups, "ups = come in all=20 shapes and sizes"  "sometimes lopsided, sometimes with funny = shaped=20 bottoms".  To me, TARO is a cup with a "funny shaped = bottom".  I=20 don't think makes much difference whether you call it double bottom or = a=20 cup.  What it is, is a base.

Regarding the handle...  = As I=20 stated in earlier messages, I felt the "handle from 10/12-10/24 was = too low in=20 the base and that I would wait for it to build a higher handle.  = It looks=20 like it has started to build a higher handle, starting on 10/26.  = It is=20 drifting lower, and volume is drying up.  It is still too soon to = consider it a valid handle though.

Peter



At = 08:08 PM=20 10/30/2001 -0500, you wrote:
Note also = that the=20 completion of the "W" places it not only over both the 200 and 50 = DMA, but=20 very close to latest highs, suggesting very little overhead = resistance=20 remaining in its recovery.
 
I am = presuming=20 that Peter's objection was that the second bottom was more than a = "slight"=20 undercut of the first bottom. I don't see that as a problem, = especially=20 given the overall impact of the 9/11 attacks. If the objection was = other=20 than this, then I don't get his point.
 
Tom = Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message = - -----=20
From: Spencer48@aol.com=20
To: canslim@lists.xmission.com= =20
Sent: Tuesday, October 30, 2001 7:54 = PM
Subject: Re:=20 [CANSLIM] TARO

In a message dated 10/30/2001 7:08:19 AM = Eastern=20 Standard Time,
peterc@loxinfo.co.th=20 writes:

<< In a double bottom, the second bottom = should=20 ideally slightly undercut
 the first.  In this = instance, I=20 don't think it fits that
 description.  Anyway, = double=20 bottoms form handles too.<<
 
Peter:=20

     I'm not sure where you're = looking, but to=20 me TARO formed a very nice
double bottom:  The first = bottom was=20 in August and the 2nd bottom was in late
September.  = Notice that=20 the 200 stopped the 2nd fall in late September, and
also that = the 2nd=20 bottom IS below the first bottom.  Presently, TARO seems to =
be=20 making a handle on light volume-after stalling when meeting the = same level=20
as the W formation's apex.

jans   =

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.

"The crowd has never thirsted for the truth" - Gustave = LeBon
- -To subscribe/unsubscribe, email "majordomo@xmission.com" = - -In the=20 email body, write "subscribe canslim" or -"unsubscribe canslim". Do = not use=20 quotes in your email.

- ------=_NextPart_000_006F_01C16186.FC86F720-- - - - -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: Tue, 30 Oct 2001 20:13:20 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] TARO This is a multi-part message in MIME format. - ------=_NextPart_000_00DB_01C1617F.523488C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Peter, Agreed 100%. I recently moved TARO to my "Possible Shorts" list. Thanks = for the confirming thoughts. Katherine kmalm@earthlink.net - ----- Original Message -----=20 From: Peter Christiansen=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, October 30, 2001 8:04 PM Subject: Re: [CANSLIM] TARO Excellent point Katherine. The industry group weakness is the one = black mark I give TARO. In the present environment, and it is a very = big black mark. Even if TARO breaks out, I probably won't buy it. = Suspect we are in another bear market rally. On the other hand, if it = breaks down, I would seriously consider shorting it. Peter At 07:36 PM 10/30/2001 -0600, you wrote: If I'm ever in doubt about a chart, I'll look at others in the same = group. With TARO, here's its cohorts: BRL: KO'd (knocked-out) ADRX: lousy, wide and loose, low RS WPI: KO'd MYL: suspect, with gaps down PRX: suspect, sure looks triple toppy ALO: lousy, gap down, low RS IVX: KO'd I'd say odds favor TARO taking a trip lower rather than working = through that handle and breaking out. Katherine ----- Original Message ----- From: "Williams, Bob" To: Sent: Tuesday, October 30, 2001 7:20 PM Subject: RE: [CANSLIM] TARO > I'm brand new here, and forgive me for blurting out before I've = "felt out" > the group, but isn't the volume a little high on the handle? It = doesn't > look like volume is "drying up." > > Bob Williams > EDS Systems > California Medi-Cal > phone: (916) 861-1861 > fax: (916) 636-1002 > cell: (916) 804-6803 > > > > -----Original Message----- > > From: Spencer48@aol.com [mailto:Spencer48@aol.com] > > Sent: Tuesday, October 30, 2001 4:54 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] TARO > > > > > > In a message dated 10/30/2001 7:08:19 AM Eastern Standard Time, > > peterc@loxinfo.co.th writes: > > > > << In a double bottom, the second bottom should ideally > > slightly undercut > > the first. In this instance, I don't think it fits that > > description. Anyway, double bottoms form handles too.<< > > > > Peter: > > > > I'm not sure where you're looking, but to me TARO formed > > a very nice > > double bottom: The first bottom was in August and the 2nd > > bottom was in late > > September. Notice that the 200 stopped the 2nd fall in late > > September, and > > also that the 2nd bottom IS below the first bottom. > > Presently, TARO seems to > > be making a handle on light volume-after stalling when > > meeting the same level > > as the W formation's apex. > > > > jans > > - > -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. "The crowd has never thirsted for the truth" - Gustave LeBon - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the = email body, write "subscribe canslim" or -"unsubscribe canslim". Do not = use quotes in your email. - ------=_NextPart_000_00DB_01C1617F.523488C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Peter,
 
Agreed 100%. I recently moved TARO to = my "Possible=20 Shorts" list. Thanks for the confirming thoughts.
 
Katherine
kmalm@earthlink.net
 
----- Original Message -----
From:=20 Peter=20 Christiansen
Sent: Tuesday, October 30, 2001 = 8:04=20 PM
Subject: Re: [CANSLIM] = TARO

Excellent point Katherine.  The industry group = weakness is=20 the one black mark I give TARO.  In the present environment, and = it is a=20 very big black mark.  Even if TARO breaks out, I probably = won't=20 buy it. Suspect we are in another bear market rally.  On the = other hand,=20 if it breaks down, I would seriously consider shorting=20 it.

Peter

At 07:36 PM 10/30/2001 -0600, you wrote:
If I'm ever in doubt about = a chart,=20 I'll look at others in the same group.
With TARO, here's its=20 cohorts:
BRL: KO'd (knocked-out)
ADRX: lousy, wide and loose, = low=20 RS
WPI: KO'd
MYL: suspect, with gaps down
PRX: suspect, = sure looks=20 triple toppy
ALO: lousy, gap down, low RS
IVX: KO'd

I'd = say=20 odds favor TARO taking a trip lower rather than working through=20 that
handle and breaking out.

Katherine
----- Original = Message=20 -----
From: "Williams, Bob" = <robert.c.williams@eds.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, October 30, = 2001 7:20=20 PM
Subject: RE: [CANSLIM] TARO


> I'm brand new = here, and=20 forgive me for blurting out before I've "felt out"
> the = group, but=20 isn't the volume a little high on the handle?  It = doesn't
> look=20 like volume is "drying up."
>
> Bob Williams
> EDS = Systems
> California Medi-Cal
> phone: (916) = 861-1861
>=20 fax: (916) 636-1002
> cell: (916) = 804-6803
>
>
>=20 > -----Original Message-----
> > From: Spencer48@aol.com = [mailto:Spencer48@aol.com]
> > Sent: = Tuesday,=20 October 30, 2001 4:54 PM
> > To: = canslim@lists.xmission.com
>=20 > Subject: Re: [CANSLIM] TARO
> >
> >
> = > In a=20 message dated 10/30/2001 7:08:19 AM Eastern Standard Time,
> = >=20 peterc@loxinfo.co.th writes:
> >
> > << In a = double=20 bottom, the second bottom should ideally
> > slightly=20 undercut
> >  the first.  In this instance, I = don't think=20 it fits that
> >  description.  Anyway, double = bottoms=20 form handles too.<<
> >
> > Peter:
>=20 >
> >      I'm not sure where = you're=20 looking, but to me TARO formed
> > a very nice
> > = double=20 bottom:  The first bottom was in August and the 2nd
> = > bottom=20 was in late
> > September.  Notice that the 200 = stopped the=20 2nd fall in late
> > September, and
> > also that = the 2nd=20 bottom IS below the first bottom.
> > Presently, TARO seems = to
> > be making a handle on light volume-after stalling=20 when
> > meeting the same level
> > as the W = formation's=20 apex.
> >
> > jans
>
> -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> -In = the email=20 body, write "subscribe canslim" or
> -"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In the email body, write = "subscribe=20 canslim" or
-"unsubscribe canslim".  Do not use quotes in = your=20 email.

"The crowd has never thirsted for the truth" - Gustave=20 LeBon
- -To subscribe/unsubscribe, email "majordomo@xmission.com" = - -In the=20 email body, write "subscribe canslim" or -"unsubscribe canslim". Do = not use=20 quotes in your email.

- ------=_NextPart_000_00DB_01C1617F.523488C0-- - - - -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: Tue, 30 Oct 2001 20:29:46 -0600 From: "Hill, Ernie" Subject: RE: [CANSLIM] TARO 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_01C161B3.E7E1CDE0 Content-Type: text/plain; charset="iso-8859-1" I brought TARO up last week and went long. However, my analysis projects strong resistance at 49 which is also very near the old high. My analysis also predicts a high probability that the price will move to this resistance level or very near it. If and when it does I will sell. I agree that the whole picture does not look good, and I don't want to be in this one very long. E - -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Tuesday, October 30, 2001 8:13 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] TARO Peter, Agreed 100%. I recently moved TARO to my "Possible Shorts" list. Thanks for the confirming thoughts. Katherine kmalm@earthlink.net - ----- Original Message ----- From: Peter Christiansen To: canslim@lists.xmission.com Sent: Tuesday, October 30, 2001 8:04 PM Subject: Re: [CANSLIM] TARO Excellent point Katherine. The industry group weakness is the one black mark I give TARO. In the present environment, and it is a very big black mark. Even if TARO breaks out, I probably won't buy it. Suspect we are in another bear market rally. On the other hand, if it breaks down, I would seriously consider shorting it. Peter At 07:36 PM 10/30/2001 -0600, you wrote: If I'm ever in doubt about a chart, I'll look at others in the same group. With TARO, here's its cohorts: BRL: KO'd (knocked-out) ADRX: lousy, wide and loose, low RS WPI: KO'd MYL: suspect, with gaps down PRX: suspect, sure looks triple toppy ALO: lousy, gap down, low RS IVX: KO'd I'd say odds favor TARO taking a trip lower rather than working through that handle and breaking out. Katherine - ----- Original Message ----- From: "Williams, Bob" To: Sent: Tuesday, October 30, 2001 7:20 PM Subject: RE: [CANSLIM] TARO > I'm brand new here, and forgive me for blurting out before I've "felt out" > the group, but isn't the volume a little high on the handle? It doesn't > look like volume is "drying up." > > Bob Williams > EDS Systems > California Medi-Cal > phone: (916) 861-1861 > fax: (916) 636-1002 > cell: (916) 804-6803 > > > > -----Original Message----- > > From: Spencer48@aol.com [ mailto:Spencer48@aol.com ] > > Sent: Tuesday, October 30, 2001 4:54 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] TARO > > > > > > In a message dated 10/30/2001 7:08:19 AM Eastern Standard Time, > > peterc@loxinfo.co.th writes: > > > > << In a double bottom, the second bottom should ideally > > slightly undercut > > the first. In this instance, I don't think it fits that > > description. Anyway, double bottoms form handles too.<< > > > > Peter: > > > > I'm not sure where you're looking, but to me TARO formed > > a very nice > > double bottom: The first bottom was in August and the 2nd > > bottom was in late > > September. Notice that the 200 stopped the 2nd fall in late > > September, and > > also that the 2nd bottom IS below the first bottom. > > Presently, TARO seems to > > be making a handle on light volume-after stalling when > > meeting the same level > > as the W formation's apex. > > > > jans > > - > -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. "The crowd has never thirsted for the truth" - Gustave LeBon - - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - ------_=_NextPart_001_01C161B3.E7E1CDE0 Content-Type: text/html; charset="iso-8859-1"
I brought TARO up last week and went long. However, my analysis projects strong resistance at 49 which is also very near the old high. My analysis also predicts a high probability that the price will move to this resistance level or very near it. If and when it does I will sell. I agree that the whole picture does not look good, and I don't want to be in this one very long.
 
E 
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Tuesday, October 30, 2001 8:13 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] TARO

Peter,
 
Agreed 100%. I recently moved TARO to my "Possible Shorts" list. Thanks for the confirming thoughts.
 
Katherine
 
----- Original Message -----
Sent: Tuesday, October 30, 2001 8:04 PM
Subject: Re: [CANSLIM] TARO

Excellent point Katherine.  The industry group weakness is the one black mark I give TARO.  In the present environment, and it is a very big black mark.  Even if TARO breaks out, I probably won't buy it. Suspect we are in another bear market rally.  On the other hand, if it breaks down, I would seriously consider shorting it.

Peter

At 07:36 PM 10/30/2001 -0600, you wrote:
If I'm ever in doubt about a chart, I'll look at others in the same group.
With TARO, here's its cohorts:
BRL: KO'd (knocked-out)
ADRX: lousy, wide and loose, low RS
WPI: KO'd
MYL: suspect, with gaps down
PRX: suspect, sure looks triple toppy
ALO: lousy, gap down, low RS
IVX: KO'd

I'd say odds favor TARO taking a trip lower rather than working through that
handle and breaking out.

Katherine
----- Original Message -----
From: "Williams, Bob" <robert.c.williams@eds.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, October 30, 2001 7:20 PM
Subject: RE: [CANSLIM] TARO


> I'm brand new here, and forgive me for blurting out before I've "felt out"
> the group, but isn't the volume a little high on the handle?  It doesn't
> look like volume is "drying up."
>
> Bob Williams
> EDS Systems
> California Medi-Cal
> phone: (916) 861-1861
> fax: (916) 636-1002
> cell: (916) 804-6803
>
>
> > -----Original Message-----
> > From: Spencer48@aol.com [mailto:Spencer48@aol.com]
> > Sent: Tuesday, October 30, 2001 4:54 PM
> > To: canslim@lists.xmission.com
> > Subject: Re: [CANSLIM] TARO
> >
> >
> > In a message dated 10/30/2001 7:08:19 AM Eastern Standard Time,
> > peterc@loxinfo.co.th writes:
> >
> > << In a double bottom, the second bottom should ideally
> > slightly undercut
> >  the first.  In this instance, I don't think it fits that
> >  description.  Anyway, double bottoms form handles too.<<
> >
> > Peter:
> >
> >      I'm not sure where you're looking, but to me TARO formed
> > a very nice
> > double bottom:  The first bottom was in August and the 2nd
> > bottom was in late
> > September.  Notice that the 200 stopped the 2nd fall in late
> > September, and
> > also that the 2nd bottom IS below the first bottom.
> > Presently, TARO seems to
> > be making a handle on light volume-after stalling when
> > meeting the same level
> > as the W formation's apex.
> >
> > jans
>
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