Go to Jeff Salisbury LWGate Home Page.From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] PNRA base criterion
Date: Thu, 5 Sep 2002 17:19:25 -0700
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- ------=_NextPart_001_0000_01C25500.625FC640 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thank You Katherine for the charts you put up with explanations of how yo= u are reading them. This has helped me more then anything else to try to= learn chart reading. If anyone else would consider doing this it would = be great for us that are new to reading the charts. I guess I shouldn't = speak for the others but as for me' it is really helpful. Thanks in adva= nce to you. Nancy =20 - ----- Original Message ----- From: david frank Sent: Thursday, September 05, 2002 3:48 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] PNRA base criterion =20 Katherine, I believe these are the most confusing statements, I have read= from IBD. One thing of interest is before The "Tacoma Narrows" is a fair= ly nice flat base, of around 7 weeks, which came out of the breakout of P= NRA's CwH 2nd handle. This flat base didn't breakout and failed on May 30= th, and a double bottom started on June 4th from this failure. david - ----- Original Message ----- =20 From: Katherine Malm =20 To: canslim@lists.xmission.com =20 Sent: Thursday, September 05, 2002 2:22 PM Subject: Re: [CANSLIM] PNRA base criterion Good grief, David. I read that and went "news to me!".....not sure I've e= ver 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 corre= ction" area very differently. That is, I see it as an invalid base from w= hich I would have avoided chasing any sort of breakout. See my read on t= hings at: =20 http://WallStreet-LLC.com/canslim/PNRA090502.jpg =20 Maybe "short term correction" is just a fancy term for "invalid base." Oh= well, live and learn. =20 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 bas= es. Also, spent lesser time under its 50-day moving average before climbi= ng again. Thus, they don't count this as a base. Read this, and look at b= oth the daily and weekly charts of PNRA. Am I missing something here? Dav= id - ------=_NextPart_001_0000_01C25500.625FC640 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <HTML><BODY BGCOLOR=3D"#ffffff" STYLE=3D"font:10pt verdana; border:none;b= ackground-color:#ffffff; "><DIV>Thank You Katherine for the charts you pu= t up with explanations of how you are reading them. This has helped= me more then anything else to try to learn chart reading. If anyon= e else would consider doing this it would be great for us that are new to= reading the charts. I guess I shouldn't speak for the others but&n= bsp;as for me' it is really helpful. Thanks in advance to= you. Nancy</DIV> <DIV> </DIV> <BLOCKQUOTE style=3D"PADDING-RI= GHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px s= olid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt Arial">----- Original = Message -----</DIV> <DIV style=3D"BACKGROUND: #e4e4e4; FONT: 10pt Arial; = COLOR: black"><B>From:</B> david frank</DIV> <DIV style=3D"FONT: 10pt Ari= al"><B>Sent:</B> Thursday, September 05, 2002 3:48 PM</DIV> <DIV style=3D= "FONT: 10pt Arial"><B>To:</B> canslim@lists.xmission.com</DIV> <DIV style= =3D"FONT: 10pt Arial"><B>Subject:</B> Re: [CANSLIM] PNRA base criterion</= DIV> <DIV> </DIV> <META content=3D"MSHTML 5.50.4807.2300" name=3DGEN= ERATOR> <STYLE></STYLE> <DIV><FONT face=3DArial size=3D2>Katherine, I be= lieve these are the most confusing statements, I have read from IBD. One = thing of interest is before The "Tacoma Narrows" is a fairly nice flat ba= se, of around 7 weeks, which came out of the breakout of PNRA's CwH 2nd h= andle. This flat base didn't breakout and failed on May 30th, and a doubl= e bottom started on June 4th from this failure. david</FONT></DIV> <BLOCK= QUOTE dir=3Dltr style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LE= FT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D= "FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style=3D"BACK= GROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A tit= le=3Dkmalm@earthlink.net href=3D"mailto:kmalm@earthlink.net">Katherine Ma= lm</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A title=3Dcansl= im@lists.xmission.com 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 2:22 PM</DIV> <DIV style=3D"FONT: 10pt ari= al"><B>Subject:</B> Re: [CANSLIM] PNRA base criterion</DIV> <DIV><BR></DI= V> <DIV>Good grief, David. I read that and went "news to me!".....not sur= e 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-te= rm correction" area very differently. That is, I see it as an invalid bas= e from which I would have avoided chasing any sort of breakout. See= my read on things at:</DIV> <DIV> </DIV> <DIV><A href=3D"http://wal= lstreet-llc.com/canslim/PNRA090502.jpg">http://WallStreet-LLC.com/canslim= /PNRA090502.jpg</A></DIV> <DIV> </DIV> <DIV>Maybe "short term correc= tion" is just a fancy term for "invalid base." Oh well, live and learn.</= DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE dir=3Dltr style=3D= "PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0= 00000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----= - - Original Message ----- </DIV> <DIV style=3D"BACKGROUND: #e4e4e4; FONT: = 10pt arial; font-color: black"><B>From:</B> <A title=3Dcamelot.homes@char= ter.net href=3D"mailto:camelot.homes@charter.net">david frank</A> </DIV> = <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A title=3Dcanslim@lists.xmiss= ion.com href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission= .com</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, Se= ptember 05, 2002 2:06 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject= :</B> [CANSLIM] PNRA base criterion</DIV> <DIV><BR></DIV> <DIV><FONT face= =3DArial size=3D2>I found something very interesting in the ASK BILL sect= ion of today's IBD. It talks about PNRA and its fourth stage base. The in= teresting part of the answer is that the previous CwH base, although 9 we= eks long, did not really count as a base, because it was shorter in durat= ion and shallower; didn't dip closer to to its 200-day moving averag= e, than the other 3 bases. Also, spent lesser time under its 50-day movin= g average before climbing again. Thus, they don't count this as a base. R= ead this, and look at both the daily and weekly charts of PNRA. Am I miss= ing something here? David</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQU= OTE></BODY></HTML> - ------=_NextPart_001_0000_01C25500.625FC640-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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