Go to Jeff Salisbury LWGate Home Page.From: "Donald Wallker" <dougald@dmv.com>
Subject: Re: [CANSLIM] Saucer-shaped Chart?
Date: Sat, 3 Aug 2002 17:37:12 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_000A_01C23B14.6670AC00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom ----I don't think we are looking at the same chart. Please look at = a 3 year chart of NOBL with the following thoughts in mind.. I believe = the NOBL Chart actually shows a much flatter pattern than a cup because = we are looking at a 3 year chart. A cup is normally viewed on a one = year Chart. So - the only way you can compare the charts is show a one = year cup on the same chart as the NOBL's 3 year chart. And, If this = were done, it would be clear that NOBL has traced a Saucer-shape = commencing during the trading week of 3/20/2000 @ $15.750 and ending = during the trading week of 4/15/2002 @ $15.300 (it being noted the = during the latter week the price of the stock rose to about $15.750). In = the course of NOBL tracing this saucer-shape, it bottomed out during = the week of 1/22/ 2001 @$4.50 In addition, it seems to me that NOBL has = traced a handle that ended during the week of 7/1/2002 @ $9.35. = Moreover, it seems to me that since it took about 3 months to trace the = handle, it may take another 3 months to reach the pivot point. If there = is something I've missed i'd sure like to here from you, or anybody else = that would like to step up to the plate. The thing I am most concerned = about is using the CANSLIM rules erroneously. Accordingly I'd = appreciate a reasoned reply. ---Donald =20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 4:04 PM Subject: Re: [CANSLIM] Saucer-shaped Chart? 3 months to trace the handle a saucer is a much flatter pattern. NOBL went from over 15 to under 4, = then back to over 15. Pattern much more of a cup than saucer. The handle = that has formed is weak, as it has gone from over 15 to under 9 in three = months. The good news is that this decline is on low volume. ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 03, 2002 3:40 PM Subject: [CANSLIM] Saucer-shaped Chart? To all: In the course of reviewing various automotive stocks, I was = surprised to see that the 3 year Chart of NOBL clearly shows a = completed saucer and handle shaped curve. I hope I'm not seeing = things. As I write this note the IBD Ratings for NOBL are 97, 76, A -,B = and D-, and NOBL has increased their guidance for the remainder of = 2002. I would greatly appreciate someone out there giving me some = feedback about this Chart since it was only a few days ago that I read = the IBD Article about saucer-shaped Charts taking years to form. If = this is one of them, I guess the pivot point is about 2 to 3 months away = months, considering the snails pace of this type of Chart. Please = respond with some constructive criticism. - ------=_NextPart_000_000A_01C23B14.6670AC00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Tom ----I don't think we are looking at = the same=20 chart. Please look at a 3 year chart of NOBL with the following = thoughts=20 in mind.. I believe the NOBL Chart actually shows a much = flatter=20 pattern than a cup because we are looking at a 3 year = chart. A cup is=20 normally viewed on a one year Chart. So - the only way you can = compare the=20 charts is show a one year cup on the same chart as the NOBL's 3 year=20 chart. And, If this were done, it would be clear that = NOBL has=20 traced a Saucer-shape commencing during the trading week of 3/20/2000 = @=20 $15.750 and ending during the trading week of 4/15/2002 @ = $15.300=20 (it being noted the during the latter week the price of the stock = rose to=20 about $15.750). In the course of NOBL tracing this saucer-shape, = it=20 bottomed out during the week of 1/22/ 2001 @$4.50 In addition, it = seems to=20 me that NOBL has traced a handle that ended during the week of 7/1/2002 = @ $9.35.=20 Moreover, it seems to me that since it took about 3 months to trace the = handle,=20 it may take another 3 months to reach the pivot point. If = there is=20 something I've missed i'd sure like to here from you, or anybody else = that would=20 like to step up to the plate. The thing I am most concerned about = is using=20 the CANSLIM rules erroneously. Accordingly I'd appreciate a = reasoned=20 reply. ---Donald </FONT></DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dstkguru@bellsouth.net = href=3D"mailto:stkguru@bellsouth.net">Tom=20 Worley</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, August 03, 2002 = 4:04=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] = Saucer-shaped=20 Chart?</DIV> <DIV><FONT face=3DArial size=3D2>3 months to trace the = handle</FONT><BR></DIV> <DIV><FONT face=3DArial>a saucer is a much flatter pattern. NOBL went = from over=20 15 to under 4, then back to over 15. Pattern much more of a cup than = saucer.=20 The handle that has formed is weak, as it has gone from over 15 to = under 9 in=20 three months. The good news is that this decline is on low=20 volume.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Ddougald@dmv.com href=3D"mailto:dougald@dmv.com">Donald = Wallker</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Saturday, August 03, 2002 3:40 PM</DIV> <DIV><B>Subject:</B> [CANSLIM] Saucer-shaped Chart?</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2> To all: In the = course of=20 reviewing various automotive stocks, I was surprised to see that the 3 = year=20 Chart of NOBL clearly shows a completed saucer and handle = shaped=20 curve. I hope I'm not seeing things. As I write this = note=20 the IBD Ratings for NOBL are 97, 76, A -,B and D-, and NOBL has = increased=20 their guidance for the remainder of 2002. I would = greatly=20 appreciate someone out there giving me some feedback about this = Chart=20 since it was only a few days ago that I read the=20 IBD Article about saucer-shaped Charts = taking=20 years to form. If this is one of them, I guess the pivot point = is=20 about 2 to 3 months away months, considering the snails pace = of this=20 type of Chart. Please respond with some constructive=20 criticism.</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_000A_01C23B14.6670AC00-- - - - -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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