From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #2084
Reply-To: canslim
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canslim-digest Saturday, January 26 2002 Volume 02 : Number 2084
In this issue:
[CANSLIM] good, bad, ugly
Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
AW: [CANSLIM] DFXI vs. JEC--Faulty handle?
----------------------------------------------------------------------
Date: Sat, 26 Jan 2002 01:08:35 EST
From: Vanchee1@aol.com
Subject: [CANSLIM] good, bad, ugly
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Well, canslimers, as you know I sometimes post my holding so others can see
what one investor is putting their money on. Some are good, a couple bad and
maybe one just down right ugly. Not all are canslim, but a couple I did find
thanks to this group.
GISX 99/97 ABA, I like the chart and fundies here. (good)
ASW 99/1 DAE, chart speaks for its self. A massive drop from 50 to 5 in a few
months. Only bright spot is a PE of 1.5 but if trading is halted it doesn't
matter. Company could be in trouble, yet to be seen. (UGLY)
JJSF 94/81 A, I like the chart. (good)
ALGI 91/97 A, real thin, good fundies, chart not so good (bad)
RAH 88/78 BBA, good fundies, nice chart. (good)
STW 82/97 BCB, good fundies, need to get above 50 DMA (?)
GFF 82/94 CCA, from this board I believe. (good)
KRSL 82/95, good fundies, next earnings will tell the story here. (good)
ELTE 80/95 ACB, also from this board, (good)
DVA 80/80 BCB, good fudies, nice chart (good)
Have a good one all,
Chris
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Well, canslimers, as you know I sometimes post my holding so others can see what one investor is putting their money on. Some are good, a couple bad and maybe one just down right ugly. Not all are canslim, but a couple I did find thanks to this group.
GISX 99/97 ABA, I like the chart and fundies here. (good)
ASW 99/1 DAE, chart speaks for its self. A massive drop from 50 to 5 in a few months. Only bright spot is a PE of 1.5 but if trading is halted it doesn't matter. Company could be in trouble, yet to be seen. (UGLY)
JJSF 94/81 A, I like the chart. (good)
ALGI 91/97 A, real thin, good fundies, chart not so good (bad)
RAH 88/78 BBA, good fundies, nice chart. (good)
STW 82/97 BCB, good fundies, need to get above 50 DMA (?)
GFF 82/94 CCA, from this board I believe. (good)
KRSL 82/95, good fundies, next earnings will tell the story here. (good)
ELTE 80/95 ACB, also from this board, (good)
DVA 80/80 BCB, good fudies, nice chart (good)
Have a good one all,
Chris
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------------------------------
Date: Sat, 26 Jan 2002 06:55:31 -0500
From: "Dan Forant"
Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
This is a multi-part message in MIME format.
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Hey, nice graphic. Will hold onto this one. I did read somewhere where a =
50% deep cup coming out of a bad bear run is acceptable.=20
DanF=20
----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Friday, January 25, 2002 8:46 PM
Subject: RE: [CANSLIM] DFXI vs. JEC--Faulty handle?
> Is a cup's depth supposed to be no deeper than 35%??
Actually, 33% is the Max.
From some recent (as yet) unpublished research....
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dan Forant
Sent: Friday, January 25, 2002 3:06 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
Is a cup's depth supposed to be no deeper than 35%??
DanF
----- Original Message -----
From: "Mike Gibbons"
To:
Sent: Friday, January 25, 2002 1:25 PM
Subject: RE: [CANSLIM] DFXI vs. JEC--Faulty handle?
> I was a little critical of DFXI's handle when Dave brought it to our
> attention on 1/8, but appropriately contrite when it surged the =
following
> day.
>
> For an example of a more classic cwh chart, have a look at JBHT. =
This
stock
> has shown 4 stages now of advancing on high volume and then pulling =
back
on
> reducing volume before surging again. It may be forming another cup
> yesterday and today. (yesterday's reversal was a bit disconcerting =
but
there
> is a subtlety in this kind of a reversal that diminishes its =
significance:
> If you think of yesterday and the breakout day before as one long =
day,
i.e.
> put the two days atop each other, then the stock closed in the top =
third
of
> its (2-day)range on massive volume. That is positive. And all of
> yesterday's volume was above the prior high. That was also =
positive. So
> although technically yesterday was a reversal, it was not a sell =
signal.
>
> We had this on our "low" handle list (based on Weinstein) when it =
formed
> it's first cup in November and it reappeared on our lists at each
subsequent
> cup formation. The fundamentals were never sufficiently strong to =
make it
a
> CANSLIM stock but as an example of a cup and handle, I think it's a =
good
> one. I'm pleased to be holding it for a nice gain.
>
> Aloha,
>
> Mike Gibbons
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of =
Spencer48@aol.com
> Sent: Friday, January 25, 2002 7:56 AM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
>
>
> Katherine:
>
> To me DFXI does not look even like a nice Cup (much less a cup =
with a
> zig/zag handle. However, I realize analyzing is all in perspective =
(like
> beauty, it's in the eye of the beholder, I guess). Anyway, there =
was an
on
> point (at least I think so) article today in IBD. You might find it
useful.
> It concerns wide and loose bases:
>
> "Investor's Corner
> Friday, January 25, 2002
>
> Base Can Be Tight And Loose
> BY MONIKA TJIA
>
> INVESTOR'S BUSINESS DAILY
>
>
> Stocks form a variety of bases. Whether the base is a =
cup-with-handle or a
> double-bottom, in most cases you'll find at least a week or two of =
wild
> price
> action.
>
> That's OK. After all, investors' emotions fuel stock movements. Fear
drives
> prices sharply down, and greed yanks them back up.
>
> But if you see this erratic buying and selling throughout the base, =
watch
> out. An excessive number of dizzying price swings indicates =
institutions
are
> moving in and out with ease. For every eager buyer, count an anxious
seller.
>
> An occasional shakeout is fine. But you want a base to also have at =
least
> several weeks of tight, quiet price action. This indicates solid =
support
> throughout a base.
>
> Tight action means small price gaps from a stock's weekly high to =
its
weekly
> low. Often you'll see a stock close the week virtually unchanged for
several
> weeks in a row. This implies a lack of speculators and a load of =
steady
> long-term shareholders.
>
> >From its October 1998 low to its April 16, 1999, high, Techne =
(TECH) ran
up
> 150%. At its April peak (see point 1 in accompanying image), the
> fast-growing
> maker of cytokine test kits used to find new drugs formed a new =
base,
> correcting 24% from its high.
>
> As Techne formed its cup-with-handle base, it moved up and down in =
tiny
> steps. At the end of each week in May, the stock finished very close =
to
its
> prior weekly close (point 2).
>
> In the week ended May 21, the stock swung as much as 12%. But it had =
a
> positive reversal. For the week, it finished up 0.13 point vs. the =
prior
> week
> (point 3). This price action is exactly what you want to see, =
because
> institutions raced in to support the stock.
>
> As Techne etched the right side of its base, the weekly spreads grew
wider.
> But weeks of quiet action far outnumbered its weeks of wild price =
swings.
>
> On Aug. 25, 1999, Techne broke out of its 19-week base on triple =
average
> trade (point 4).
>
> After breaking out, Techne moved sideways for a few weeks. It held =
above
its
> 50-day moving average. When the market finally took off in late =
October,
so
> did Techne.
>
> >From its breakout to its July 2000 peak, Techne gained 416%. It =
then
began
> to
> carve a new three-month base. But in terms of complexion, this one =
was the
> exact opposite of its previous base.
>
> Instead of making slight price moves, it made extreme ones virtually =
every
> week. The price swings ranged as much as 26%. Techne failed to =
finish its
> base. It's now 56% off its all-time high."
>
> jans
>
>
>
> In a message dated 1/25/2002 9:30:10 AM Eastern Standard Time,
> kmalm@earthlink.net writes:
>
> << Hi stockoper8or,
>
> When I wrote my note mid-day, DFXI had a tail. Looks like it ended
midrange
> after dropping a bit more after my note. Interesting action. I =
suspect in
a
> stronger market it would have been up and out of here by now. I =
wonder if
> the
> zig zag handle that started it all was a sign of market iffiness or =
a sign
> of
> stock iffiness. Just one for the "I wonder" pile of thoughts!
> >>
>
> -
> -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.=20
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charset="iso-8859-1"
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Hey, nice graphic. Will hold onto this =
one. I did=20
read somewhere where a 50% deep cup coming out of a bad bear run is =
acceptable.
DanF
----- Original Message -----
Sent: Friday, January 25, 2002 =
8:46=20
PM
Subject: RE: [CANSLIM] DFXI vs. =
JEC--Faulty handle?
> Is a cup's depth supposed to be no deeper than=20
35%??
Actually, 33% is =
the=20
Max.
From some recent (as yet) unpublished=20
research....

Aloha,
Mike Gibbons
Proactive =
Technologies,=20
LLC
http://www.proactech.com
-----Original=20
Message-----
From: owner-canslim@lists.xmis=
sion.com
[mailto:owner-canslim@lis=
ts.xmission.com]On=20
Behalf Of Dan Forant
Sent: Friday, January 25, 2002 3:06 PM
To:=20
canslim@lists.xmission.com
Subject: Re: [CANSLIM] DFXI vs. =
JEC--Faulty=20
handle?
Is a cup's depth supposed to be no deeper than=20
35%??
DanF
----- Original Message -----
From: "Mike =
Gibbons"=20
<mikegibbons@proactech.com>
To:=20
<canslim@lists.xmission.com>
Sent: Friday, January 25, 2002 =
1:25=20
PM
Subject: RE: [CANSLIM] DFXI vs. JEC--Faulty =
handle?
> I=20
was a little critical of DFXI's handle when Dave brought it to =
our
>=20
attention on 1/8, but appropriately contrite when it surged the=20
following
> day.
>
> For an example of a more =
classic cwh=20
chart, have a look at JBHT. This
stock
> has shown 4 stages =
now of=20
advancing on high volume and then pulling back
on
> reducing =
volume=20
before surging again. It may be forming another cup
> yesterday =
and=20
today. (yesterday's reversal was a bit disconcerting =
but
there
> is a=20
subtlety in this kind of a reversal that diminishes its =
significance:
>=20
If you think of yesterday and the breakout day before as one long=20
day,
i.e.
> put the two days atop each other, then the stock =
closed=20
in the top third
of
> its (2-day)range on massive =
volume. That=20
is positive. And all of
> yesterday's volume was above the =
prior=20
high. That was also positive. So
> although =
technically=20
yesterday was a reversal, it was not a sell signal.
>
> We =
had=20
this on our "low" handle list (based on Weinstein) when it =
formed
> it's=20
first cup in November and it reappeared on our lists at=20
each
subsequent
> cup formation. The fundamentals were never=20
sufficiently strong to make it
a
> CANSLIM stock but as an =
example of=20
a cup and handle, I think it's a good
> one. I'm pleased to be =
holding=20
it for a nice gain.
>
> Aloha,
>
> Mike=20
Gibbons
>
>
> -----Original Message-----
> =
From:=20
owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lis=
ts.xmission.com]On=20
Behalf Of Spencer48@aol.com
> Sent: Friday, January 25, 2002 =
7:56=20
AM
> To: canslim@lists.xmission.com
> Subject: Re: =
[CANSLIM] DFXI=20
vs. JEC--Faulty handle?
>
>
>=20
Katherine:
>
> To me DFXI =
does not=20
look even like a nice Cup (much less a cup with a
> zig/zag=20
handle. However, I realize analyzing is all in perspective =
(like
>=20
beauty, it's in the eye of the beholder, I guess). Anyway, there =
was=20
an
on
> point (at least I think so) article today in =
IBD. You=20
might find it
useful.
> It concerns wide and loose=20
bases:
>
> "Investor's Corner
> Friday, January 25,=20
2002
>
> Base Can Be Tight And Loose
> BY MONIKA=20
TJIA
>
> INVESTOR'S BUSINESS DAILY
>
>
> =
Stocks=20
form a variety of bases. Whether the base is a cup-with-handle or =
a
>=20
double-bottom, in most cases you'll find at least a week or two of=20
wild
> price
> action.
>
> That's OK. After =
all,=20
investors' emotions fuel stock movements. Fear
drives
> =
prices=20
sharply down, and greed yanks them back up.
>
> But if you =
see=20
this erratic buying and selling throughout the base, watch
> =
out. An=20
excessive number of dizzying price swings indicates=20
institutions
are
> moving in and out with ease. For every =
eager=20
buyer, count an anxious
seller.
>
> An occasional =
shakeout is=20
fine. But you want a base to also have at least
> several weeks =
of=20
tight, quiet price action. This indicates solid support
> =
throughout a=20
base.
>
> Tight action means small price gaps from a =
stock's=20
weekly high to its
weekly
> low. Often you'll see a stock =
close the=20
week virtually unchanged for
several
> weeks in a row. This =
implies a=20
lack of speculators and a load of steady
> long-term=20
shareholders.
>
> >From its October 1998 low to its =
April 16,=20
1999, high, Techne (TECH) ran
up
> 150%. At its April peak =
(see point=20
1 in accompanying image), the
> fast-growing
> maker of =
cytokine=20
test kits used to find new drugs formed a new base,
> correcting =
24%=20
from its high.
>
> As Techne formed its cup-with-handle =
base, it=20
moved up and down in tiny
> steps. At the end of each week in =
May, the=20
stock finished very close to
its
> prior weekly close (point=20
2).
>
> In the week ended May 21, the stock swung as much =
as 12%.=20
But it had a
> positive reversal. For the week, it finished up =
0.13=20
point vs. the prior
> week
> (point 3). This price action =
is=20
exactly what you want to see, because
> institutions raced in to =
support=20
the stock.
>
> As Techne etched the right side of its =
base, the=20
weekly spreads grew
wider.
> But weeks of quiet action far=20
outnumbered its weeks of wild price swings.
>
> On Aug. =
25, 1999,=20
Techne broke out of its 19-week base on triple average
> trade =
(point=20
4).
>
> After breaking out, Techne moved sideways for a =
few weeks.=20
It held above
its
> 50-day moving average. When the market =
finally=20
took off in late October,
so
> did Techne.
>
> =
>From=20
its breakout to its July 2000 peak, Techne gained 416%. It=20
then
began
> to
> carve a new three-month base. But in =
terms of=20
complexion, this one was the
> exact opposite of its previous=20
base.
>
> Instead of making slight price moves, it made =
extreme=20
ones virtually every
> week. The price swings ranged as much as =
26%.=20
Techne failed to finish its
> base. It's now 56% off its =
all-time=20
high."
>
> jans
>
>
>
> In a =
message dated=20
1/25/2002 9:30:10 AM Eastern Standard Time,
> =
kmalm@earthlink.net=20
writes:
>
> << Hi =
stockoper8or,
>
> When I=20
wrote my note mid-day, DFXI had a tail. Looks like it=20
ended
midrange
> after dropping a bit more after my note. =
Interesting=20
action. I suspect in
a
> stronger market it would have been =
up and=20
out of here by now. I wonder if
> the
> zig zag handle =
that=20
started it all was a sign of market iffiness or a sign
> =
of
>=20
stock iffiness. Just one for the "I wonder" pile of=20
thoughts!
> >>
>
> -
> -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=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=20
subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email =
body,=20
write "subscribe canslim" or
-"unsubscribe canslim". Do not =
use=20
quotes in your email.
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Date: Sat, 26 Jan 2002 13:19:10 +0100
From: Andreas Himmelreich
Subject: AW: [CANSLIM] DFXI vs. JEC--Faulty handle?
The cup deep is a function of the bear market ... somewhere in HTMMIS
> -----Ursprungliche Nachricht-----
> Von: Dan Forant [SMTP:dforant1@nycap.rr.com]
> Gesendet am: Saturday, January 26, 2002 12:56 PM
> An: canslim@lists.xmission.com
> Betreff: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
>
> Hey, nice graphic. Will hold onto this one. I did read somewhere where a 50% deep cup coming out of a bad bear run is acceptable.
>
> DanF
> ----- Original Message -----
> From: Mike Gibbons
> To: canslim@lists.xmission.com
> Sent: Friday, January 25, 2002 8:46 PM
> Subject: RE: [CANSLIM] DFXI vs. JEC--Faulty handle?
>
>
> > Is a cup's depth supposed to be no deeper than 35%??
>
> Actually, 33% is the Max.
>
> From some recent (as yet) unpublished research....
>
>
>
>
>
> Aloha,
>
> Mike Gibbons
> Proactive Technologies, LLC
> http://www.proactech.com
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dan Forant
> Sent: Friday, January 25, 2002 3:06 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
>
>
> Is a cup's depth supposed to be no deeper than 35%??
>
> DanF
>
> ----- Original Message -----
> From: "Mike Gibbons"
> To:
> Sent: Friday, January 25, 2002 1:25 PM
> Subject: RE: [CANSLIM] DFXI vs. JEC--Faulty handle?
>
>
> > I was a little critical of DFXI's handle when Dave brought it to our
> > attention on 1/8, but appropriately contrite when it surged the following
> > day.
> >
> > For an example of a more classic cwh chart, have a look at JBHT. This
> stock
> > has shown 4 stages now of advancing on high volume and then pulling back
> on
> > reducing volume before surging again. It may be forming another cup
> > yesterday and today. (yesterday's reversal was a bit disconcerting but
> there
> > is a subtlety in this kind of a reversal that diminishes its significance:
> > If you think of yesterday and the breakout day before as one long day,
> i.e.
> > put the two days atop each other, then the stock closed in the top third
> of
> > its (2-day)range on massive volume. That is positive. And all of
> > yesterday's volume was above the prior high. That was also positive. So
> > although technically yesterday was a reversal, it was not a sell signal.
> >
> > We had this on our "low" handle list (based on Weinstein) when it formed
> > it's first cup in November and it reappeared on our lists at each
> subsequent
> > cup formation. The fundamentals were never sufficiently strong to make it
> a
> > CANSLIM stock but as an example of a cup and handle, I think it's a good
> > one. I'm pleased to be holding it for a nice gain.
> >
> > Aloha,
> >
> > Mike Gibbons
> >
> >
> > -----Original Message-----
> > From: owner-canslim@lists.xmission.com
> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Spencer48@aol.com
> > Sent: Friday, January 25, 2002 7:56 AM
> > To: canslim@lists.xmission.com
> > Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle?
> >
> >
> > Katherine:
> >
> > To me DFXI does not look even like a nice Cup (much less a cup with a
> > zig/zag handle. However, I realize analyzing is all in perspective (like
> > beauty, it's in the eye of the beholder, I guess). Anyway, there was an
> on
> > point (at least I think so) article today in IBD. You might find it
> useful.
> > It concerns wide and loose bases:
> >
> > "Investor's Corner
> > Friday, January 25, 2002
> >
> > Base Can Be Tight And Loose
> > BY MONIKA TJIA
> >
> > INVESTOR'S BUSINESS DAILY
> >
> >
> > Stocks form a variety of bases. Whether the base is a cup-with-handle or a
> > double-bottom, in most cases you'll find at least a week or two of wild
> > price
> > action.
> >
> > That's OK. After all, investors' emotions fuel stock movements. Fear
> drives
> > prices sharply down, and greed yanks them back up.
> >
> > But if you see this erratic buying and selling throughout the base, watch
> > out. An excessive number of dizzying price swings indicates institutions
> are
> > moving in and out with ease. For every eager buyer, count an anxious
> seller.
> >
> > An occasional shakeout is fine. But you want a base to also have at least
> > several weeks of tight, quiet price action. This indicates solid support
> > throughout a base.
> >
> > Tight action means small price gaps from a stock's weekly high to its
> weekly
> > low. Often you'll see a stock close the week virtually unchanged for
> several
> > weeks in a row. This implies a lack of speculators and a load of steady
> > long-term shareholders.
> >
> > >From its October 1998 low to its April 16, 1999, high, Techne (TECH) ran
> up
> > 150%. At its April peak (see point 1 in accompanying image), the
> > fast-growing
> > maker of cytokine test kits used to find new drugs formed a new base,
> > correcting 24% from its high.
> >
> > As Techne formed its cup-with-handle base, it moved up and down in tiny
> > steps. At the end of each week in May, the stock finished very close to
> its
> > prior weekly close (point 2).
> >
> > In the week ended May 21, the stock swung as much as 12%. But it had a
> > positive reversal. For the week, it finished up 0.13 point vs. the prior
> > week
> > (point 3). This price action is exactly what you want to see, because
> > institutions raced in to support the stock.
> >
> > As Techne etched the right side of its base, the weekly spreads grew
> wider.
> > But weeks of quiet action far outnumbered its weeks of wild price swings.
> >
> > On Aug. 25, 1999, Techne broke out of its 19-week base on triple average
> > trade (point 4).
> >
> > After breaking out, Techne moved sideways for a few weeks. It held above
> its
> > 50-day moving average. When the market finally took off in late October,
> so
> > did Techne.
> >
> > >From its breakout to its July 2000 peak, Techne gained 416%. It then
> began
> > to
> > carve a new three-month base. But in terms of complexion, this one was the
> > exact opposite of its previous base.
> >
> > Instead of making slight price moves, it made extreme ones virtually every
> > week. The price swings ranged as much as 26%. Techne failed to finish its
> > base. It's now 56% off its all-time high."
> >
> > jans
> >
> >
> >
> > In a message dated 1/25/2002 9:30:10 AM Eastern Standard Time,
> > kmalm@earthlink.net writes:
> >
> > << Hi stockoper8or,
> >
> > When I wrote my note mid-day, DFXI had a tail. Looks like it ended
> midrange
> > after dropping a bit more after my note. Interesting action. I suspect in
> a
> > stronger market it would have been up and out of here by now. I wonder if
> > the
> > zig zag handle that started it all was a sign of market iffiness or a sign
> > of
> > stock iffiness. Just one for the "I wonder" pile of thoughts!
> > >>
> >
> > -
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> << Datei: ATT00005.htm >> << Datei: cwh_WON.gif >>
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