Re: [CANSLIM] Definition of base and pivot point

From: Pritish Shah <prishah@cisco.com>
Subject: Re: [CANSLIM] Definition of base and pivot point
Date: Wed, 3 May 2000 14:23:50 -0700 (PDT)

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This is a non-canslim stock at the moment since there is no base
here. There was a base but that broke down and the stock is in a downward
trend. Lower highs and lower lows is considered a downward trend. 

Hope that makes sense

Pritish

On Wed, 3 May 2000, Carter Diggs wrote:

> Hello folks
> 
> I was looking at QCOM and trying to decide where a (future) pivot point
> might be, assuming it's forming the right side of a cup.  Will the pivot
> point be at the level of the January blowout peak or the late March
> peak? Or would you wait and see if it meets resistance at the late March
> peak or goes on through it?
> 
> Still trying to learn.
> 
> Carter
> 
> 
> -
> 
> 

- -

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