[CANSLIM] Upward sloping saucer???

From: Mhboatman@aol.com
Subject: [CANSLIM] Upward sloping saucer???
Date: Wed, 21 May 2003 22:33:28 EDT

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Is there such a thing as an upward sloping saucer?

Looking at a daily DGO chart on USNA one can draw a line from the high of 
$7.90 on 6-22-02 to the high at $29.52 on 5-7-03.  Below that line appears 
what would seem to be an upward sloping saucer (still visible but less 
apparent using a logarithmic chart).  If that is a saucer, could what follows 
the 5-7-03 high be thought of as the beginnings of a handle?

We note that the *saucer*  has increasing price and volume on the right side 
with an improving relative strength line, characteristics typically seen in 
saucer patterns.  

We am not contemplating a purchase so much as seeking clarification of what 
we are seeing in this chart.

Howard


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<HTML><FONT FACE=3Darial,helvetica><FONT  SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=
=3D"Arial" LANG=3D"0">Is there such a thing as an upward sloping saucer?<BR>
<BR>
Looking at a daily DGO chart on USNA one can draw a line from the high of $7=
.90 on 6-22-02 to the high at $29.52 on 5-7-03.&nbsp; Below that line appear=
s what would seem to be an upward sloping saucer (still visible but less app=
arent using a logarithmic chart).&nbsp; If that is a saucer, could what foll=
ows the 5-7-03 high be thought of as the beginnings of a handle?<BR>
<BR>
We note that the *saucer*&nbsp; has increasing price and volume on the right=
 side with an improving relative strength line, characteristics typically se=
en in saucer patterns.&nbsp; <BR>
<BR>
We am not contemplating a purchase so much as seeking clarification of what=20=
we are seeing in this chart.<BR>
<BR>
Howard<BR>
<BR>
</FONT></HTML>
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