Re: [CANSLIM] Saucer-shaped Chart?

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Saucer-shaped Chart?
Date: Sat, 3 Aug 2002 14:45:18 -0600

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I'm with Tom, don't see the saucer, the swings are too wide I think.  I kind of 
question the validity of several year chart patterns anyway.  This would appear to be 
a company in a cyclical industry, not a growth industry, might be the sort of 
company you pick up on a dip and sell on the way up.

On 3 Aug 2002 at 15:40, Donald Wallker wrote:

>  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.
> 



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