Go to Jeff Salisbury LWGate Home Page.From: "Hill, Ernie" <Ernie.Hill@ElPaso.com>
Subject: RE: [CANSLIM] MTON
Date: Sat, 8 Sep 2001 18:06:34 -0500
Previous Article (by Subject): Re: [CANSLIM] Chart of SP500 "Dan Forant"
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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_01C138BA.E7C7FB80 Content-Type: text/plain Nelson, I believe the post you are referring to was made by me. I was not presenting it as a perfect CANSLIM candidate, but as a text book Elliott Wave Theory ABC correction of a CANSLIM stock. I only briefly mentioned it here, but went into detail of the chart formation on TI_CANSLIM. The EWT ABC chart pattern is a very reliable formation and I presented as a real time case study for those who are interested in learning about other chart patterns that can be used to enter CANSLIM stocks. The pattern will remain valid unless the low of 26.33 made on 8-22 is taken out. These particular patterns are highly reliable and they typically only fail in the face of major unforeseen bad news. Such as discovered false accounting practices and the like. Oh, and they can also fall victim to a relentless bear market. I happen to already be long and I obviously disagree with our friends who suggest shorting the stock. One caveat no chart pattern is 100% reliable. However, only time will tell if I am right or the shorts are right. If the pattern does hold up in the face of this market it will speak volumes about the reliability of the pattern. I must admit the market has me nervous. Someone once told me "if your scared, say your scared". I am scared. E ---Original Message----- From: LEHTZ MAKEDOUGH [mailto:spudhead88@yahoo.com] Sent: Saturday, September 08, 2001 6:47 AM To: canslim@lists.xmission.com Subject: [CANSLIM] MTON Recently a member of this list brought out MTON as a perfect (except for "M") CANSLIM candidate. Is this still the case, or has the failure to move by now killed it's attractiveness? Nelson _____ Do You Yahoo!? Get email alerts & NEW webcam video instant messaging with Yahoo! <http://rd.yahoo.com/mail_us/tag/?http://im.yahoo.com/> Messenger. ****************************************************************** 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_01C138BA.E7C7FB80 Content-Type: text/html <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=us-ascii"> <META content="MSHTML 5.00.3103.1000" name=GENERATOR></HEAD> <BODY> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001>Nelson,</SPAN></FONT></DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001></SPAN></FONT> </DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001>I believe the post you are referring to was made by me. I was not presenting it as a perfect CANSLIM candidate, but as a text book Elliott Wave Theory ABC correction of a CANSLIM stock. I only briefly mentioned it here, but went into detail of the chart formation on TI_CANSLIM.</SPAN></FONT></DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001></SPAN></FONT> </DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001>The EWT ABC chart pattern is a very reliable formation and I presented as a real time case study for those who are interested in learning about other chart patterns that can be used to enter CANSLIM stocks.</SPAN></FONT></DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001></SPAN></FONT> </DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001>The pattern will remain valid unless the low of 26.33 made on 8-22 is taken out. These particular patterns are highly reliable and they typically only fail in the face of major unforeseen bad news. Such as discovered false accounting practices and the like. Oh, and they can also fall victim to a relentless bear market.</SPAN></FONT></DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001></SPAN></FONT> </DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001>I happen to already be long and I obviously disagree with our friends who suggest shorting the stock. One caveat no chart pattern is 100% reliable. However, only time will tell if I am right or the shorts are right. If the pattern does hold up in the face of this market it will speak volumes about the reliability of the pattern.</SPAN></FONT></DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001></SPAN></FONT> </DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001>I must admit the market has me nervous. Someone once told me "if your scared, say your scared". I am scared.</SPAN></FONT></DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001></SPAN></FONT> </DIV> <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=686453822-08092001>E</SPAN></FONT></DIV> <DIV> </DIV> <DIV><FONT face=Tahoma><FONT size=2><SPAN class=686453822-08092001></SPAN></FONT></FONT> </DIV> <DIV><FONT face=Tahoma><FONT size=2><SPAN class=686453822-08092001> </SPAN>---Original Message-----<BR><B>From:</B> LEHTZ MAKEDOUGH [mailto:spudhead88@yahoo.com]<BR><B>Sent:</B> Saturday, September 08, 2001 6:47 AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] MTON<BR><BR></DIV></FONT> <BLOCKQUOTE></FONT> <P>Recently a member of this list brought out MTON as a perfect (except for "M") CANSLIM candidate. Is this still the case, or has the failure to move by now killed it's attractiveness? <P>Nelson</P> <P><BR> <HR SIZE=1> <B>Do You Yahoo!?</B><BR>Get email alerts & NEW webcam video instant messaging with <A href="http://rd.yahoo.com/mail_us/tag/?http://im.yahoo.com/">Yahoo! Messenger</A>.</BLOCKQUOTE><CODE><FONT SIZE=3><BR> <BR> ******************************************************************<BR> This email and any files transmitted with it from the ElPaso <BR> Corporation are confidential and intended solely for the <BR> use of the individual or entity to whom they are addressed. <BR> If you have received this email in error please notify the <BR> sender.<BR> ******************************************************************<BR> </FONT></CODE></BODY></HTML> - ------_=_NextPart_001_01C138BA.E7C7FB80-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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