Re: [CANSLIM] Head and shoulder bearish trends.

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Head and shoulder bearish trends.
Date: Sun, 12 May 2002 10:31:11 EDT

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Gary:

     NOBL seems to me to be in a H&S because volume seems to  confirm the H&S 
price formation.  Moreover, it fell below its up trend line (a few weeks ago) 
which began in Dec (at around $6), and that trendline is now acting as 
resistance.  It now is also below the Turning Over 50 (It's next support area 
seems to be nearly 5 pts lower at the uptrending 200).  

     However, I don't know if I'd have the fortitude to short.  Its 
fundamentals look awfully good, especially its blazing quarter-over-quarter 
increases in earnings (and its quarter-over-quarter and sequential 
acceleration in sales).

jans


In a message dated 5/12/2002 12:14:11 AM Eastern Daylight Time, 
gas175k@hotmail.com writes:

<< Question:
 Does anyone else see bearish head and shoulders patterns forming with NOBL, 
 CPS and ASCA? >>

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