From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2686 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 Wednesday, July 31 2002 Volume 02 : Number 2686 In this issue: Re: [CANSLIM] DCOM - B/O rules Re: [CANSLIM] DCOM - B/O rules Re: [CANSLIM] DCOM - B/O rules ---------------------------------------------------------------------- Date: Wed, 31 Jul 2002 08:50:27 -0400 From: "Ann" Subject: Re: [CANSLIM] DCOM - B/O rules This is a multi-part message in MIME format. - ------=_NextPart_000_002E_01C2386F.51852200 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I have written down (though I don't know where I got it) that WON says = that in this M, we can accept handles which go as low as 20-30%--also, = that we shouldn't chase a stock more than 2-3% above pivot. Ann ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 12:37 AM Subject: RE: [CANSLIM] DCOM - B/O rules I see it more as a cup-with-handle (but when the only tool you have is = a hammer, everything looks like a nail!) because the two dips were not = of equal depth, but I'm not sure what the tolerance limits are. However, as a CwH it formed a pivot at $25.90 on 7/10. It then went on = to dip to a low of $20.20 in the handle, which was a 22% drop. WON says = that a stock should only correct by at most 15% in the handle (although = there are inconsistent statements on this) so it didn't qualify as a CwH = either (but then virtually nothing has in the last couple of weeks). = Nevertheless, todays breakout was very strong and could be buyable up to = $27.12 (5% above pivot). 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 Katherine Malm Sent: Tuesday, July 30, 2002 2:46 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] DCOM - B/O rules Hi Victor, I'll leave the specific analysis of the DCOM chart to somebody else, = but in the meantime, here's something to get you started: Question=20 Can a double-bottom base have a handle, or is it just the = start of another base?=20 =20 Answer=20 In a double-bottom base, the pivot (buy) point typically = occurs when the stock clears the peak in the middle of the W-shaped = pattern. Sometimes, double bottoms will form handles before they reach = this point. In those situations, the pivot point is when the stock = clears the highest price point in the handle area. The handle should = drift downward slightly and usually form over a period of one to seven = weeks. Course 1 in the IBD Learning Center on our Web site has a = lesson on chart reading. To get there directly, go to this link - = http://www.investors.com/learn/B09.asp=20 Also, go to our Investor's Corner archive entitled "What Can = Technical Indicators Tell Me?" to view past articles on this topic - = http://www.investors.com/learn/IC.asp#tech=20 Our "Ask Bill O'Neil" archive offers a compilation of Q&A's on = the subject of chart reading at this link - = http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=3D5 --Katherine=20 ----- Original Message -----=20 From: vchang@win-invest.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 30, 2002 7:18 PM Subject: [CANSLIM] DCOM - B/O rules MessageOn Wedsday's edition (today) IBD listed DCOM as b/o from a = double bottom. On Tuesday IBD weblink said " ... Dime hit 25.94 Monday, = just missing a breakout..." . As a newbie trying to learn more about charts and breakouts, this = seems like a great example to check my understanding. If I am getting it right, the reason why DCOM is deemed to have = b/o is because of the following two easons: a) It closed at 26.90 having achieved an high of 27.0, and that is = above the previous high of 26.80 back in May 17, 2002. b) The new high was achieved at a volume 1,056,800 which is 378% = up from the day before and four times the average daily volume of 221,100 What is the exact rule for a breakout mathematically? (Lets say = that I were to program it in say Metastock?) Base on this case I can see two rules at least (in pseudo-code): IF today's high is greater than the previous high (is this the all = time high or just the rolling 52 week high?) AND IF today's volume is greater than N times the normal volume (is = this some sort of moving average of the daily volume, or just yeaterday's = volume) THEN yippe it is a B/O Is there any "fuzziness" to the above rules? BTW, the fundamentals on DCOM also look great, ignoring M for a = moment, is this a valid CANSLIM candidate stock? Rgds Victor Chang - ------=_NextPart_000_002E_01C2386F.51852200 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I have written down (though I don't know where I got = it) that=20 WON says that in this M, we can accept handles which go as low as = 20-30%--also,=20 that we shouldn't chase a stock more than 2-3% above pivot.
 
Ann
----- Original Message -----
From:=20 Mike Gibbons
To: canslim@lists.xmission.com=
Sent: Wednesday, July 31, 2002 = 12:37=20 AM
Subject: RE: [CANSLIM] DCOM - = B/O=20 rules

I=20 see it more as a cup-with-handle (but when the only tool you have is a = hammer,=20 everything looks like a nail!) because the two dips were not of equal = depth,=20 but I'm not sure what the tolerance limits are.
 
However, as a CwH it formed a pivot at $25.90 on 7/10. It = then went on=20 to dip to a low of $20.20 in the handle, which was a 22% drop. WON = says that a=20 stock should only correct by at most 15% in the handle (although there = are=20 inconsistent statements on this) so it didn't qualify as a CwH either = (but=20 then virtually nothing has in the last couple of weeks). Nevertheless, = todays=20 breakout was very strong and could be buyable up to $27.12 (5% above=20 pivot).
 
Aloha,
 
Mike Gibbons
Proactive = Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Katherine=20 Malm
Sent: Tuesday, July 30, 2002 2:46 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] DCOM - = B/O=20 rules

Hi Victor,
 
I'll leave the specific analysis of the DCOM chart to somebody = else,=20 but in the meantime, here's something to get you started:
 
Question
  Can a double-bottom base have a handle, or = is it=20 just the start of another base?
3D""=20
  Answer
 
In a double-bottom base, the pivot=20 (buy) point typically occurs when the stock clears the peak in = the=20 middle of the W-shaped pattern. Sometimes, = double=20 bottoms will form handles before they reach this point. In = those=20 situations, the pivot point is when the stock clears the = highest price=20 point in the handle area. The handle should drift downward = slightly=20 and usually form over a period of one to seven = weeks.

Course 1=20 in the IBD Learning Center on our Web site has a lesson on = chart=20 reading. To get there directly, go to this link - http://www.investors.com/learn/B09.asp=20

Also, go to our Investor's Corner archive entitled = =93What Can=20 Technical Indicators Tell Me?=94 to view past articles on this = topic -=20 http://www.investors.com/learn/IC.asp#tech=20

Our =93Ask Bill O=92Neil=94 archive offers a = compilation of=20 Q&A=92s on the subject of chart reading at this link - = http://www.investors.com/askBill/Search_ByTopic.asp?Topic= ID=3D5
 
--Katherine
----- Original Message ----- =
From:=20 vchang@win-invest.com =
To: canslim@lists.xmission.com= =20
Sent: Tuesday, July 30, = 2002 7:18=20 PM
Subject: [CANSLIM] DCOM - = B/O=20 rules

MessageOn Wedsday's edition (today) IBD listed DCOM = as b/o=20 from a double
bottom.  On Tuesday IBD weblink said " ... = Dime hit=20 25.94 Monday, just
missing a breakout..." .

As a newbie = trying=20 to learn more about charts and breakouts, this seems like
a = great=20 example to check my understanding.

If I am getting it = right, the=20 reason why DCOM is deemed to have b/o is
because of the = following two=20 easons:

a) It closed at 26.90 having achieved an high of = 27.0, and=20 that is above the
previous high of 26.80 back in May 17,=20 2002.

b) The new high was achieved at a volume 1,056,800 = which is=20 378% up from the
day before and four times the average daily = volume of=20 221,100

What is the exact rule for a breakout = mathematically? (Lets=20 say that I were
to program it in say Metastock?)

Base on = this=20 case I can see two rules at least (in pseudo-code):

IF = today's high=20 is greater than the previous high (is this the all time high
or = just=20 the rolling 52 week high?)
AND
IF today's volume is greater = than N=20 times the normal volume (is this some
sort of moving average of = the=20 daily volume, or just yeaterday's volume)
THEN yippe it is a=20 B/O

Is  there any "fuzziness" to the above = rules?

BTW,=20 the fundamentals on DCOM also look great, ignoring M for a moment, = is
this a valid CANSLIM candidate = stock?

Rgds

Victor=20 = Chang


- ------=_NextPart_000_002E_01C2386F.51852200-- - - - -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 Jul 2002 08:52:19 -0400 From: "Ann" Subject: Re: [CANSLIM] DCOM - B/O rules This is a multi-part message in MIME format. - ------=_NextPart_000_0048_01C2386F.9434AA80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Why isn't the pivot 26.00 (.10 above the midpoint of 25.90)? ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 8:01 AM Subject: Re: [CANSLIM] DCOM - B/O rules Hi Jack, I've uploaded a marked chart showing the pivot point. Give it a couple = of minutes before you try the link as it'll take the 'bot a little time = to recognize the file. http://WallStreet-LLC.com/canslim/DCOM073002.jpg=20 Katherine ----- Original Message -----=20 From: Jack Tencza=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 6:45 AM Subject: Re: [CANSLIM] DCOM - B/O rules Tom,did you mean to reply with your previous reply? I too am a little fuzzy on what the the pivot point is with DCOM. The midpoint between the two dips seems to be 25.90 with the pivot being .10 above? Would appreciate some help from someone? Many thanks. --- Tom Worley wrote: > 7/10/02 >=20 > ----- Original Message -----=20 > From: "Jack Tencza" > To: > Sent: Wednesday, July 31, 2002 7:29 AM > Subject: Re: [CANSLIM] DCOM - B/O rules >=20 >=20 > Tom, what date are you using for midpoint between > the > two dips with DCOM? Thanks > --- Tom Worley wrote: > > I have to agree with IBD on this one, Mike. No > cup > > & handle, definitely would call this a double > > bottom. Keep in mind with a double bottom that > you > > don't want two dips of equal depth, rather you > want > > the second one undercutting the first. Same with a > > triple bottom. In this case, the second dip > reached > > its bottom on a reversal day and closed up. > However > > volume was not that impressive. > >=20 > > An aggressive investor (and would take one in this > > market) could have bought on 7/29, as it did trade > > over the high of the high of the center point of > the > > "W" (but only by 4 cents, and volume not > > impressive). But yesterday's volume and price > > movement would mark this in my books as a b/o from > a > > double bottom. > >=20 > > ----- Original Message -----=20 > > From: Katherine Malm=20 > > To: canslim@lists.xmission.com=20 > > Sent: Wednesday, July 31, 2002 6:47 AM > > Subject: Re: [CANSLIM] DCOM - B/O rules > >=20 > >=20 > > Hi Mike, > >=20 > > Here's a quote from today's "Big Picture" > > Dime Community Bancshares (DCOM), which was > > highlighted in Monday evening's WebLink, broke out > > of a 10-week, double-bottom base. The stock > climbed > > 1.46 to 26.90 on more than four times normal > volume. > >=20 > > Katherine > >=20 > > ----- Original Message -----=20 > > From: Mike Gibbons=20 > > To: canslim@lists.xmission.com=20 > > Sent: Tuesday, July 30, 2002 11:37 PM > > Subject: RE: [CANSLIM] DCOM - B/O rules > >=20 > >=20 > > I see it more as a cup-with-handle (but when the > > only tool you have is a hammer, everything looks > > like a nail!) because the two dips were not of > equal > > depth, but I'm not sure what the tolerance limits > > are. > >=20 > > However, as a CwH it formed a pivot at $25.90 on > > 7/10. It then went on to dip to a low of $20.20 in > > the handle, which was a 22% drop. WON says that a > > stock should only correct by at most 15% in the > > handle (although there are inconsistent statements > > on this) so it didn't qualify as a CwH either (but > > then virtually nothing has in the last couple of > > weeks). Nevertheless, todays breakout was very > > strong and could be buyable up to $27.12 (5% above > > pivot). > >=20 > > Aloha, > >=20 > > 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 Katherine Malm > > Sent: Tuesday, July 30, 2002 2:46 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] DCOM - B/O rules > >=20 > >=20 > > Hi Victor, > >=20 > > I'll leave the specific analysis of the DCOM > > chart to somebody else, but in the meantime, > here's > > something to get you started: > >=20 > > Question=20 > > Can a double-bottom base have a > handle, > > or is it just the start of another base?=20 > > =20 > > Answer=20 > > In a double-bottom base, the pivot > (buy) > > point typically occurs when the stock clears the > > peak in the middle of the W-shaped pattern. > > Sometimes, double bottoms will form handles before > > they reach this point. In those situations, the > > pivot point is when the stock clears the highest > > price point in the handle area. The handle should > > drift downward slightly and usually form over a > > period of one to seven weeks. > >=20 > > Course 1 in the IBD Learning Center on > our > > Web site has a lesson on chart reading. To get > there > > directly, go to this link - > > http://www.investors.com/learn/B09.asp=20 > >=20 > > Also, go to our Investor's Corner > archive > > entitled "What Can Technical Indicators Tell Me?" > to > > view past articles on this topic - > > http://www.investors.com/learn/IC.asp#tech=20 > >=20 > > Our "Ask Bill O'Neil" archive offers a > > compilation of Q&A's on the subject of chart > reading > > at this link - > > > http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=3D5 > >=20 > > --Katherine=20 > >=20 > > ----- Original Message -----=20 > > From: vchang@win-invest.com=20 > > To: canslim@lists.xmission.com=20 > > Sent: Tuesday, July 30, 2002 7:18 PM > > Subject: [CANSLIM] DCOM - B/O rules > >=20 > >=20 > > MessageOn Wedsday's edition (today) IBD > listed > > DCOM as b/o from a double > > bottom. On Tuesday IBD weblink said " ... > > Dime hit 25.94 Monday, just > > missing a breakout..." . > >=20 > > As a newbie trying to learn more about > charts > > and breakouts, this seems like > > a great example to check my understanding. > >=20 > > If I am getting it right, the reason why > DCOM > > is deemed to have b/o is > > because of the following two easons: > >=20 > > a) It closed at 26.90 having achieved an > high > > of 27.0, and that is above the > > previous high of 26.80 back in May 17, 2002. > >=20 > > b) The new high was achieved at a volume > > 1,056,800 which is 378% up from the > > day before and four times the average daily > > volume of 221,100 > >=20 > > What is the exact rule for a breakout > > mathematically? (Lets say that I were > > to program it in say Metastock?) > >=20 > > Base on this case I can see two rules at > least > > (in pseudo-code): > >=20 > > IF today's high is greater than the previous > > high (is this the all time high > > or just the rolling 52 week high?) > > AND > > IF today's volume is greater than N times > the > > normal volume (is this some > > sort of moving average of the daily volume, > or > > just yeaterday's volume) > > THEN yippe it is a B/O > >=20 > > Is there any "fuzziness" to the above > rules? > >=20 > > BTW, the fundamentals on DCOM also look > great, >=20 =3D=3D=3D message truncated =3D=3D=3D =3D=3D=3D=3D=3D Jack __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.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. - ------=_NextPart_000_0048_01C2386F.9434AA80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Why isn't the pivot 26.00 (.10 above the midpoint of = 25.90)?
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, July 31, 2002 = 8:01=20 AM
Subject: Re: [CANSLIM] DCOM - = B/O=20 rules

Hi Jack,
 
I've uploaded a marked chart showing the pivot point. Give it a = couple of=20 minutes before you try the link as it'll take the 'bot a little time = to=20 recognize the file.
 
http://WallStre= et-LLC.com/canslim/DCOM073002.jpg=20
 
Katherine
----- Original Message -----
From:=20 Jack = Tencza=20
Sent: Wednesday, July 31, = 2002 6:45=20 AM
Subject: Re: [CANSLIM] DCOM - = B/O=20 rules

Tom,did you mean to reply with your previous = reply?

I=20 too am a little fuzzy on what the the pivot point is
with DCOM. = The=20 midpoint between the two dips seems to
be 25.90 with the pivot = being .10=20 above? Would
appreciate some help from someone?

Many=20 thanks.



--- Tom Worley <stkguru@bellsouth.net>=20 wrote:
> 7/10/02
>
> ----- Original Message ----- =
> From: "Jack Tencza" <jtenz@yahoo.com>
> To: = <canslim@lists.xmission.com= >
>=20 Sent: Wednesday, July 31, 2002 7:29 AM
> Subject: Re: = [CANSLIM] DCOM -=20 B/O rules
>
>
> Tom, what date are you using for = midpoint between
> the
> two dips with DCOM? = Thanks
> ---=20 Tom Worley <stkguru@bellsouth.net>=20 wrote:
> > I have to agree with IBD on this one, = Mike. =20 No
> cup
> > & handle, definitely would call this = a=20 double
> > bottom.  Keep in mind with a double bottom=20 that
> you
> > don't want two dips of equal depth, = rather=20 you
> want
> > the second one undercutting the first. = Same=20 with a
> > triple bottom. In this case, the second = dip
>=20 reached
> > its bottom on a reversal day and closed = up.
>=20 However
> > volume was not that impressive.
> > =
>=20 > An aggressive investor (and would take one in this
> > = market)=20 could have bought on 7/29, as it did trade
> > over the = high of the=20 high of the center point of
> the
> > "W" (but only = by 4=20 cents, and volume not
> > impressive). But yesterday's = volume and=20 price
> > movement would mark this in my books as a b/o=20 from
> a
> > double bottom.
> >
> = > -----=20 Original Message -----
> > From: Katherine Malm
> = > To:=20 canslim@lists.xmission.com= =20
> > Sent: Wednesday, July 31, 2002 6:47 AM
> > = Subject:=20 Re: [CANSLIM] DCOM - B/O rules
> >
> >
> = > Hi=20 Mike,
> >
> > Here's a quote from today's "Big=20 Picture"
> > Dime Community Bancshares (DCOM), which = was
>=20 > highlighted in Monday evening's WebLink, broke out
> > = of a=20 10-week, double-bottom base. The stock
> climbed
> > = 1.46 to=20 26.90 on more than four times normal
> volume.
> > =
>=20 > Katherine
> >
> >   ----- Original = Message=20 -----
> >   From: Mike Gibbons
> = >  =20 To: canslim@lists.xmission.com= =20
> >   Sent: Tuesday, July 30, 2002 11:37 = PM
>=20 >   Subject: RE: [CANSLIM] DCOM - B/O rules
> = >=20
> >
> >   I see it more as a = cup-with-handle=20 (but when the
> > only tool you have is a hammer, = everything=20 looks
> > like a nail!) because the two dips were not = of
>=20 equal
> > depth, but I'm not sure what the tolerance = limits
>=20 > are.
> >
> >   However, as a CwH = it formed=20 a pivot at $25.90 on
> > 7/10. It then went on to dip to a = low of=20 $20.20 in
> > the handle, which was a 22% drop. WON says = that=20 a
> > stock should only correct by at most 15% in = the
> >=20 handle (although there are inconsistent statements
> > on = this) so=20 it didn't qualify as a CwH either (but
> > then virtually = nothing=20 has in the last couple of
> > weeks). Nevertheless, todays = breakout=20 was very
> > strong and could be buyable up to $27.12 (5%=20 above
> > pivot).
> >
> >  =20 Aloha,
> >
> >   Mike Gibbons
>=20 >   Proactive Technologies, LLC
> = >   http://www.proactech.com
>=20 >     -----Original Message-----
>=20 >     From: owner-canslim@lists.xmis= sion.com
>=20 > [mailto:owner-canslim@lists.xmission.com]On Behalf
> > = Of=20 Katherine Malm
> >     Sent: Tuesday, = July 30,=20 2002 2:46 PM
> >     To: canslim@lists.xmission.com=
>=20 >     Subject: Re: [CANSLIM] DCOM - B/O = rules
>=20 >
> >
> >     Hi = Victor,
>=20 >
> >     I'll leave the specific = analysis=20 of the DCOM
> > chart to somebody else, but in the=20 meantime,
> here's
> > something to get you = started:
>=20 >
>=20 >           = Question=20
>=20 = >           &nb= sp;=20 Can a double-bottom base have a
> handle,
> > or is = it just=20 the start of another base?
>=20 >         
>=20 = >           &nb= sp;=20 Answer
>=20 = >           &nb= sp;=20 In a double-bottom base, the pivot
> (buy)
> > point=20 typically occurs when the stock clears the
> > peak in the = middle=20 of the W-shaped pattern.
> > Sometimes, double bottoms will = form=20 handles before
> > they reach this point. In those = situations,=20 the
> > pivot point is when the stock clears the = highest
>=20 > price point in the handle area. The handle should
> > = drift=20 downward slightly and usually form over a
> > period of one = to=20 seven weeks.
> >
>=20 >           = Course 1 in=20 the IBD Learning Center on
> our
> > Web site has a = lesson on=20 chart reading. To get
> there
> > directly, go to = this link=20 -
> > http://www.investors.com/= learn/B09.asp=20
> >
>=20 >           = Also, go to=20 our Investor's Corner
> archive
> > entitled "What = Can=20 Technical Indicators Tell Me?"
> to
> > view past = articles on=20 this topic -
> > http://www.investors.= com/learn/IC.asp#tech=20
> >
>=20 >           Our = "Ask=20 Bill O'Neil" archive offers a
> > compilation of Q&A's = on the=20 subject of chart
> reading
> > at this link -
> = >
>
= http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=3D5
&g= t;=20 >
>=20 >           = - --Katherine=20
> >
> >       = - -----=20 Original Message -----
> = >      =20 From: vchang@win-invest.com=20
> >       To: canslim@lists.xmission.com= =20
> >       Sent: Tuesday, = July 30,=20 2002 7:18 PM
> >       = Subject:=20 [CANSLIM] DCOM - B/O rules
> >
> >
>=20 >       MessageOn Wedsday's edition = (today)=20 IBD
> listed
> > DCOM as b/o from a double
>=20 >       bottom.  On Tuesday = IBD=20 weblink said " ...
> > Dime hit 25.94 Monday, just
>=20 >       missing a breakout..." = .
>=20 >
> >       As a newbie = trying to=20 learn more about
> charts
> > and breakouts, this = seems=20 like
> >       a great = example to=20 check my understanding.
> >
>=20 >       If I am getting it right, = the=20 reason why
> DCOM
> > is deemed to have b/o = is
>=20 >       because of the following = two=20 easons:
> >
> = >       a) It=20 closed at 26.90 having achieved an
> high
> > of = 27.0, and=20 that is above the
> >       = previous=20 high of 26.80 back in May 17, 2002.
> >
>=20 >       b) The new high was = achieved at a=20 volume
> > 1,056,800 which is 378% up from the
>=20 >       day before and four times = the=20 average daily
> > volume of 221,100
> >
>=20 >       What is the exact rule for = a=20 breakout
> > mathematically? (Lets say that I were
>=20 >       to program it in say=20 Metastock?)
> >
> = >      =20 Base on this case I can see two rules at
> least
> > = (in=20 pseudo-code):
> >
> = >      =20 IF today's high is greater than the previous
> > high (is = this the=20 all time high
> >       or = just the=20 rolling 52 week high?)
> = >      =20 AND
> >       IF today's = volume is=20 greater than N times
> the
> > normal volume (is this = some
> >       sort of moving = average=20 of the daily volume,
> or
> > just yeaterday's=20 volume)
> >       THEN yippe = it is a=20 B/O
> >
> >       = Is =20 there any "fuzziness" to the above
> rules?
> > =
>=20 >       BTW, the fundamentals on = DCOM also=20 look
> great,
>
=3D=3D=3D message truncated=20 = =3D=3D=3D


=3D=3D=3D=3D=3D
Jack

_____________________= _____________________________
Do=20 You Yahoo!?
Yahoo! Health - Feel better, live better
http://health.yahoo.com

-
= - -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
- ------=_NextPart_000_0048_01C2386F.9434AA80-- - - - -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 Jul 2002 08:07:41 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] DCOM - B/O rules This is a multi-part message in MIME format. - ------=_NextPart_000_008E_01C23869.57BB2800 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable You're right, Ann. Simply a typo on my part. I'll correct the chart = notations and reupload it. Katherine ----- Original Message -----=20 From: Ann=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 7:52 AM Subject: Re: [CANSLIM] DCOM - B/O rules Why isn't the pivot 26.00 (.10 above the midpoint of 25.90)? ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 8:01 AM Subject: Re: [CANSLIM] DCOM - B/O rules Hi Jack, I've uploaded a marked chart showing the pivot point. Give it a = couple of minutes before you try the link as it'll take the 'bot a = little time to recognize the file. http://WallStreet-LLC.com/canslim/DCOM073002.jpg=20 Katherine ----- Original Message -----=20 From: Jack Tencza=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 31, 2002 6:45 AM Subject: Re: [CANSLIM] DCOM - B/O rules Tom,did you mean to reply with your previous reply? I too am a little fuzzy on what the the pivot point is with DCOM. The midpoint between the two dips seems to be 25.90 with the pivot being .10 above? Would appreciate some help from someone? Many thanks. --- Tom Worley wrote: > 7/10/02 >=20 > ----- Original Message -----=20 > From: "Jack Tencza" > To: > Sent: Wednesday, July 31, 2002 7:29 AM > Subject: Re: [CANSLIM] DCOM - B/O rules >=20 >=20 > Tom, what date are you using for midpoint between > the > two dips with DCOM? Thanks > --- Tom Worley wrote: > > I have to agree with IBD on this one, Mike. No > cup > > & handle, definitely would call this a double > > bottom. Keep in mind with a double bottom that > you > > don't want two dips of equal depth, rather you > want > > the second one undercutting the first. Same with a > > triple bottom. In this case, the second dip > reached > > its bottom on a reversal day and closed up. > However > > volume was not that impressive. > >=20 > > An aggressive investor (and would take one in this > > market) could have bought on 7/29, as it did trade > > over the high of the high of the center point of > the > > "W" (but only by 4 cents, and volume not > > impressive). But yesterday's volume and price > > movement would mark this in my books as a b/o from > a > > double bottom. > >=20 > > ----- Original Message -----=20 > > From: Katherine Malm=20 > > To: canslim@lists.xmission.com=20 > > Sent: Wednesday, July 31, 2002 6:47 AM > > Subject: Re: [CANSLIM] DCOM - B/O rules > >=20 > >=20 > > Hi Mike, > >=20 > > Here's a quote from today's "Big Picture" > > Dime Community Bancshares (DCOM), which was > > highlighted in Monday evening's WebLink, broke out > > of a 10-week, double-bottom base. The stock > climbed > > 1.46 to 26.90 on more than four times normal > volume. > >=20 > > Katherine > >=20 > > ----- Original Message -----=20 > > From: Mike Gibbons=20 > > To: canslim@lists.xmission.com=20 > > Sent: Tuesday, July 30, 2002 11:37 PM > > Subject: RE: [CANSLIM] DCOM - B/O rules > >=20 > >=20 > > I see it more as a cup-with-handle (but when the > > only tool you have is a hammer, everything looks > > like a nail!) because the two dips were not of > equal > > depth, but I'm not sure what the tolerance limits > > are. > >=20 > > However, as a CwH it formed a pivot at $25.90 on > > 7/10. It then went on to dip to a low of $20.20 in > > the handle, which was a 22% drop. WON says that a > > stock should only correct by at most 15% in the > > handle (although there are inconsistent statements > > on this) so it didn't qualify as a CwH either (but > > then virtually nothing has in the last couple of > > weeks). Nevertheless, todays breakout was very > > strong and could be buyable up to $27.12 (5% above > > pivot). > >=20 > > Aloha, > >=20 > > 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 Katherine Malm > > Sent: Tuesday, July 30, 2002 2:46 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] DCOM - B/O rules > >=20 > >=20 > > Hi Victor, > >=20 > > I'll leave the specific analysis of the DCOM > > chart to somebody else, but in the meantime, > here's > > something to get you started: > >=20 > > Question=20 > > Can a double-bottom base have a > handle, > > or is it just the start of another base?=20 > > =20 > > Answer=20 > > In a double-bottom base, the pivot > (buy) > > point typically occurs when the stock clears the > > peak in the middle of the W-shaped pattern. > > Sometimes, double bottoms will form handles before > > they reach this point. In those situations, the > > pivot point is when the stock clears the highest > > price point in the handle area. The handle should > > drift downward slightly and usually form over a > > period of one to seven weeks. > >=20 > > Course 1 in the IBD Learning Center on > our > > Web site has a lesson on chart reading. To get > there > > directly, go to this link - > > http://www.investors.com/learn/B09.asp=20 > >=20 > > Also, go to our Investor's Corner > archive > > entitled "What Can Technical Indicators Tell Me?" > to > > view past articles on this topic - > > http://www.investors.com/learn/IC.asp#tech=20 > >=20 > > Our "Ask Bill O'Neil" archive offers a > > compilation of Q&A's on the subject of chart > reading > > at this link - > > > http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=3D5 > >=20 > > --Katherine=20 > >=20 > > ----- Original Message -----=20 > > From: vchang@win-invest.com=20 > > To: canslim@lists.xmission.com=20 > > Sent: Tuesday, July 30, 2002 7:18 PM > > Subject: [CANSLIM] DCOM - B/O rules > >=20 > >=20 > > MessageOn Wedsday's edition (today) IBD > listed > > DCOM as b/o from a double > > bottom. On Tuesday IBD weblink said " ... > > Dime hit 25.94 Monday, just > > missing a breakout..." . > >=20 > > As a newbie trying to learn more about > charts > > and breakouts, this seems like > > a great example to check my understanding. > >=20 > > If I am getting it right, the reason why > DCOM > > is deemed to have b/o is > > because of the following two easons: > >=20 > > a) It closed at 26.90 having achieved an > high > > of 27.0, and that is above the > > previous high of 26.80 back in May 17, 2002. > >=20 > > b) The new high was achieved at a volume > > 1,056,800 which is 378% up from the > > day before and four times the average daily > > volume of 221,100 > >=20 > > What is the exact rule for a breakout > > mathematically? (Lets say that I were > > to program it in say Metastock?) > >=20 > > Base on this case I can see two rules at > least > > (in pseudo-code): > >=20 > > IF today's high is greater than the previous > > high (is this the all time high > > or just the rolling 52 week high?) > > AND > > IF today's volume is greater than N times > the > > normal volume (is this some > > sort of moving average of the daily volume, > or > > just yeaterday's volume) > > THEN yippe it is a B/O > >=20 > > Is there any "fuzziness" to the above > rules? > >=20 > > BTW, the fundamentals on DCOM also look > great, >=20 =3D=3D=3D message truncated =3D=3D=3D =3D=3D=3D=3D=3D Jack __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.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. - ------=_NextPart_000_008E_01C23869.57BB2800 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
You're right, Ann. Simply a typo on my part. I'll correct the chart = notations and reupload it.
 
Katherine
----- Original Message -----
From:=20 Ann
Sent: Wednesday, July 31, 2002 = 7:52=20 AM
Subject: Re: [CANSLIM] DCOM - = B/O=20 rules

Why isn't the pivot 26.00 (.10 above the midpoint = of=20 25.90)?
 
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, July 31, = 2002 8:01=20 AM
Subject: Re: [CANSLIM] DCOM - = B/O=20 rules

Hi Jack,
 
I've uploaded a marked chart showing the pivot point. Give it a = couple=20 of minutes before you try the link as it'll take the 'bot a little = time to=20 recognize the file.
 
http://WallStre= et-LLC.com/canslim/DCOM073002.jpg=20
 
Katherine
----- Original Message ----- =
From:=20 Jack = Tencza=20
To: canslim@lists.xmission.com= =20
Sent: Wednesday, July 31, = 2002 6:45=20 AM
Subject: Re: [CANSLIM] DCOM = - - B/O=20 rules

Tom,did you mean to reply with your previous=20 reply?

I too am a little fuzzy on what the the pivot point=20 is
with DCOM. The midpoint between the two dips seems to
be = 25.90=20 with the pivot being .10 above? Would
appreciate some help from = someone?

Many thanks.



--- Tom Worley <stkguru@bellsouth.net>=20 wrote:
> 7/10/02
>
> ----- Original Message = - -----=20
> From: "Jack Tencza" <jtenz@yahoo.com>
> = To: <canslim@lists.xmission.com= >
>=20 Sent: Wednesday, July 31, 2002 7:29 AM
> Subject: Re: = [CANSLIM] DCOM=20 - B/O rules
>
>
> Tom, what date are you using = for=20 midpoint between
> the
> two dips with DCOM? = Thanks
>=20 --- Tom Worley <stkguru@bellsouth.net>=20 wrote:
> > I have to agree with IBD on this one, = Mike. =20 No
> cup
> > & handle, definitely would call = this a=20 double
> > bottom.  Keep in mind with a double = bottom=20 that
> you
> > don't want two dips of equal depth, = rather=20 you
> want
> > the second one undercutting the = first. Same=20 with a
> > triple bottom. In this case, the second = dip
>=20 reached
> > its bottom on a reversal day and closed = up.
>=20 However
> > volume was not that impressive.
> > =
>=20 > An aggressive investor (and would take one in this
> = >=20 market) could have bought on 7/29, as it did trade
> > = over the=20 high of the high of the center point of
> the
> > = "W" (but=20 only by 4 cents, and volume not
> > impressive). But = yesterday's=20 volume and price
> > movement would mark this in my books = as a=20 b/o from
> a
> > double bottom.
> > =
> >=20 ----- Original Message -----
> > From: Katherine Malm =
>=20 > To: canslim@lists.xmission.com= =20
> > Sent: Wednesday, July 31, 2002 6:47 AM
> > = Subject:=20 Re: [CANSLIM] DCOM - B/O rules
> >
> >
> = > Hi=20 Mike,
> >
> > Here's a quote from today's "Big=20 Picture"
> > Dime Community Bancshares (DCOM), which = was
>=20 > highlighted in Monday evening's WebLink, broke out
> = > of a=20 10-week, double-bottom base. The stock
> climbed
> = > 1.46=20 to 26.90 on more than four times normal
> volume.
> = >=20
> > Katherine
> >
> >   = - -----=20 Original Message -----
> >   From: Mike = Gibbons=20
> >   To: canslim@lists.xmission.com= =20
> >   Sent: Tuesday, July 30, 2002 11:37 = PM
>=20 >   Subject: RE: [CANSLIM] DCOM - B/O rules
> = >=20
> >
> >   I see it more as a = cup-with-handle=20 (but when the
> > only tool you have is a hammer, = everything=20 looks
> > like a nail!) because the two dips were not = of
>=20 equal
> > depth, but I'm not sure what the tolerance=20 limits
> > are.
> >
> >   = However,=20 as a CwH it formed a pivot at $25.90 on
> > 7/10. It then = went on=20 to dip to a low of $20.20 in
> > the handle, which was a = 22%=20 drop. WON says that a
> > stock should only correct by at = most=20 15% in the
> > handle (although there are inconsistent=20 statements
> > on this) so it didn't qualify as a CwH = either=20 (but
> > then virtually nothing has in the last couple = of
>=20 > weeks). Nevertheless, todays breakout was very
> > = strong=20 and could be buyable up to $27.12 (5% above
> > = pivot).
>=20 >
> >   Aloha,
> >
>=20 >   Mike Gibbons
> >   Proactive=20 Technologies, LLC
> >   http://www.proactech.com
>=20 >     -----Original Message-----
>=20 >     From: owner-canslim@lists.xmis= sion.com
>=20 > [mailto:owner-canslim@lists.xmission.com]On Behalf
> = > Of=20 Katherine Malm
> >     Sent: Tuesday, = July=20 30, 2002 2:46 PM
> >     To: canslim@lists.xmission.com=
>=20 >     Subject: Re: [CANSLIM] DCOM - B/O=20 rules
> >
> >
> = >     Hi=20 Victor,
> >
> >     I'll = leave the=20 specific analysis of the DCOM
> > chart to somebody else, = but in=20 the meantime,
> here's
> > something to get you=20 started:
> >
>=20 >           = Question=20
>=20 = >           &nb= sp;=20 Can a double-bottom base have a
> handle,
> > or is = it just=20 the start of another base?
>=20 >          =
>=20 = >           &nb= sp;=20 Answer
>=20 = >           &nb= sp;=20 In a double-bottom base, the pivot
> (buy)
> > = point=20 typically occurs when the stock clears the
> > peak in = the middle=20 of the W-shaped pattern.
> > Sometimes, double bottoms = will form=20 handles before
> > they reach this point. In those = situations,=20 the
> > pivot point is when the stock clears the = highest
>=20 > price point in the handle area. The handle should
> = > drift=20 downward slightly and usually form over a
> > period of = one to=20 seven weeks.
> >
>=20 >           = Course 1=20 in the IBD Learning Center on
> our
> > Web site = has a=20 lesson on chart reading. To get
> there
> > = directly, go to=20 this link -
> > http://www.investors.com/= learn/B09.asp=20
> >
>=20 >           = Also, go=20 to our Investor's Corner
> archive
> > entitled = "What Can=20 Technical Indicators Tell Me?"
> to
> > view past = articles=20 on this topic -
> > http://www.investors.= com/learn/IC.asp#tech=20
> >
>=20 >           = Our "Ask=20 Bill O'Neil" archive offers a
> > compilation of = Q&A's on the=20 subject of chart
> reading
> > at this link = - -
>=20 >
>
= http://www.investors.com/askBill/Search_ByTopic.asp?TopicID=3D5
&g= t;=20 >
>=20 >          =20 --Katherine
> >
>=20 >       ----- Original Message = - -----=20
> >       From: vchang@win-invest.com =
>=20 >       To: canslim@lists.xmission.com= =20
> >       Sent: Tuesday, = July 30,=20 2002 7:18 PM
> >       = Subject:=20 [CANSLIM] DCOM - B/O rules
> >
> >
>=20 >       MessageOn Wedsday's = edition=20 (today) IBD
> listed
> > DCOM as b/o from a = double
>=20 >       bottom.  On Tuesday = IBD=20 weblink said " ...
> > Dime hit 25.94 Monday, = just
>=20 >       missing a breakout..." = .
>=20 >
> >       As a newbie = trying=20 to learn more about
> charts
> > and breakouts, = this seems=20 like
> >       a great = example to=20 check my understanding.
> >
>=20 >       If I am getting it right, = the=20 reason why
> DCOM
> > is deemed to have b/o = is
>=20 >       because of the following = two=20 easons:
> >
> = >       a)=20 It closed at 26.90 having achieved an
> high
> > of = 27.0,=20 and that is above the
> = >      =20 previous high of 26.80 back in May 17, 2002.
> >
> = >       b) The new high was = achieved at a=20 volume
> > 1,056,800 which is 378% up from the
>=20 >       day before and four times = the=20 average daily
> > volume of 221,100
> >
> = >       What is the exact rule = for a=20 breakout
> > mathematically? (Lets say that I = were
>=20 >       to program it in say=20 Metastock?)
> >
> = >      =20 Base on this case I can see two rules at
> least
> = > (in=20 pseudo-code):
> >
>=20 >       IF today's high is = greater than=20 the previous
> > high (is this the all time high
>=20 >       or just the rolling 52 = week=20 high?)
> >       = AND
>=20 >       IF today's volume is = greater than=20 N times
> the
> > normal volume (is this = some
>=20 >       sort of moving average of = the=20 daily volume,
> or
> > just yeaterday's = volume)
>=20 >       THEN yippe it is a = B/O
>=20 >
> >       Is  = there any=20 "fuzziness" to the above
> rules?
> >
>=20 >       BTW, the fundamentals on = DCOM=20 also look
> great,
>
=3D=3D=3D message truncated=20 = =3D=3D=3D


=3D=3D=3D=3D=3D
Jack

_____________________= _____________________________
Do=20 You Yahoo!?
Yahoo! Health - Feel better, live better
http://health.yahoo.com

-
= - -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=20 email.
- ------=_NextPart_000_008E_01C23869.57BB2800-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2686 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.