Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] PNRA base criterion
Date: Thu, 5 Sep 2002 14:22:35 -0500
Previous Article (by Date): [CANSLIM] PNRA base criterion "david frank"
Top of Thread: [CANSLIM] PNRA base criterion "david frank"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_0179_01C254E7.ADF35860 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Good grief, David. I read that and went "news to me!".....not sure I've = ever heard WON describe something quite this way, so will have to read = it a few times to absorb the point of view. I look at that "short-term = correction" area very differently. That is, I see it as an invalid base = from which I would have avoided chasing any sort of breakout. See my = read on things at: http://WallStreet-LLC.com/canslim/PNRA090502.jpg Maybe "short term correction" is just a fancy term for "invalid base." = Oh well, live and learn. Katherine ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Thursday, September 05, 2002 2:06 PM Subject: [CANSLIM] PNRA base criterion I found something very interesting in the ASK BILL section of today's = IBD. It talks about PNRA and its fourth stage base. The interesting part = of the answer is that the previous CwH base, although 9 weeks long, did = not really count as a base, because it was shorter in duration and = shallower; didn't dip closer to to its 200-day moving average, than the = other 3 bases. Also, spent lesser time under its 50-day moving average = before climbing again. Thus, they don't count this as a base. Read this, = and look at both the daily and weekly charts of PNRA. Am I missing = something here? David - ------=_NextPart_000_0179_01C254E7.ADF35860 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>Good grief, David. I read that and went "news to me!".....not sure = I've=20 ever heard WON describe something quite this way, so will have to read = it a few=20 times to absorb the point of view. I look at that "short-term = correction" area=20 very differently. That is, I see it as an invalid base from which I = would have=20 avoided chasing any sort of breakout. See my read on things = at:</DIV> <DIV> </DIV> <DIV><A=20 href=3D"http://WallStreet-LLC.com/canslim/PNRA090502.jpg">http://WallStre= et-LLC.com/canslim/PNRA090502.jpg</A></DIV> <DIV> </DIV> <DIV>Maybe "short term correction" is just a fancy term for "invalid = base." Oh=20 well, live and learn.</DIV> <DIV> </DIV> <DIV>Katherine</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=3Dcamelot.homes@charter.net=20 href=3D"mailto:camelot.homes@charter.net">david frank</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> Thursday, September 05, = 2002 2:06=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] PNRA base=20 criterion</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2>I found something very interesting in = the ASK=20 BILL section of today's IBD. It talks about PNRA and its fourth stage = base.=20 The interesting part of the answer is that the previous CwH base, = although 9=20 weeks long, did not really count as a base, because it was shorter in=20 duration and shallower; didn't dip closer to to its 200-day = moving=20 average, than the other 3 bases. Also, spent lesser time under its = 50-day=20 moving average before climbing again. Thus, they don't count this as a = base.=20 Read this, and look at both the daily and weekly charts of PNRA. Am I = missing=20 something here? David</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0179_01C254E7.ADF35860-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Date): [CANSLIM] PNRA base criterion "david frank"
Top of Thread: [CANSLIM] PNRA base criterion "david frank"
Articles sorted by: [Date]
[Author]
[Subject]