Re: [CANSLIM] Saucer-shaped Chart?

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Saucer-shaped Chart?
Date: Sat, 3 Aug 2002 16:04:16 -0400

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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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<DIV><FONT face=3DArial>a saucer is a much flatter pattern. NOBL went =
from over 15=20
to under 4, then back to over 15. Pattern much more of a cup than =
saucer. The=20
handle that has formed is weak, as it has gone from over 15 to under 9 =
in three=20
months. The good news is that this decline is on low =
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 the=20
IBD Ratings for NOBL are 97, 76, A -,B and D-, and NOBL has increased =
their=20
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 years=20
to form.&nbsp; If this is one of them, I guess the pivot point is =
about&nbsp;2=20
to 3 months away&nbsp;months, considering the snails pace of this type =
of=20
Chart.&nbsp; Please respond with some constructive=20
criticism.</FONT></DIV></BODY></HTML>

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