Re: [CANSLIM] Saucer-shaped Chart?

From: "Donald Wallker" <dougald@dmv.com>
Subject: Re: [CANSLIM] Saucer-shaped Chart?
Date: Sat, 3 Aug 2002 21:37:39 -0400
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Fanus---Thanks for the feedback . I was unaware that the maximum cup depth
was %33.  As a matter of fact I'm amazed, since I've seen cups discussed in
IBD that are deeper than that.  However, I'll do some boning up on that
subject and get back to you.   Donald
- ----- Original Message -----
From: "Fanus" <fanus13@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, August 03, 2002 6:25 PM
Subject: Re: [CANSLIM] Saucer-shaped Chart?


> Donald
>
> Can I suggest you reread HTMMIS assuming you have read
> it?  This will clear many things up for you and answer
> many of the questions you have.
>
> It stated a CWH have a depth of up to 33% and that a
> saucer are a more shallow pattern.  The one you
> describe here have a depth of 70% which doesn't even
> qualify it as a cup.  Would you mind to explain how
> you consider a 70% swing as a shallow pattern?
>
> Regards
> - Fanus
>
>
>
>
> --- Donald Wallker <dougald@dmv.com> wrote:
> > 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
> >   ----- Original Message -----
> >   From: Tom Worley
> >   To: canslim@lists.xmission.com
> >   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 -----
> >   From: Donald Wallker
> >   To: canslim@lists.xmission.com
> >   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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