Re: [CANSLIM] Saucer-shaped Chart?


From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] Saucer-shaped Chart?
Date: Sat, 3 Aug 2002 14:36:52 -0700

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Tom-amy I ask you something-you say the good news is the decline is on =
low volumn.  Am I right in thinking that when a stock is in a decline =
and the volumn starts to dry up , that means the decline is almost =
over?? Thanks for your time. nancy
  ----- Original Message -----=20
  From: Tom Worley=20
  To: canslim@lists.xmission.com=20
  Sent: Saturday, August 03, 2002 1:04 PM
  Subject: Re: [CANSLIM] Saucer-shaped Chart?


  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.

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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Tom-amy I ask you something-you say the =
good news=20
is the decline is on low volumn.&nbsp; Am I right in thinking that when =
a stock=20
is in a decline and the volumn starts to dry up , that means the decline =
is=20
almost over?? Thanks for your time. nancy</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 =
1:04=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Saucer-shaped=20
  Chart?</DIV>
  <DIV><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>&nbsp;</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>&nbsp;To all:&nbsp;&nbsp;&nbsp;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&nbsp; completed &nbsp;saucer and handle =
shaped=20
  curve.&nbsp;&nbsp; I hope I'm not seeing things.&nbsp; 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&nbsp;the remainder of &nbsp;2002.&nbsp; I would =
greatly=20
  appreciate&nbsp; 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&nbsp;Article&nbsp;&nbsp;about &nbsp;saucer-shaped&nbsp; Charts =
taking=20
  years to form.&nbsp; If this is one of them, I guess the pivot point =
is=20
  about&nbsp;2 to 3 months away&nbsp;months, considering the snails pace =
of this=20
  type of Chart.&nbsp; Please respond with some constructive=20
  criticism.</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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