From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3324 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, May 21 2003 Volume 02 : Number 3324 In this issue: RE: [CANSLIM] STOPs and GRMN and selling rules Re: [CANSLIM] STOPs and GRMN and selling rules - Position Sizing Re: [CANSLIM] STOPs and GRMN and selling rules Re: [CANSLIM] STOPs [CANSLIM] A Quick Way to Scan the Universe for Attractive Stocks by Ken Tower (CyberTrader) Re: [CANSLIM] STOPs and GRMN and selling rules - Position Sizing Re: [CANSLIM] STOPs and GRMN and selling rules - Position Sizing [CANSLIM] Upward sloping saucer??? Re: [CANSLIM] Any commentson MME Re: [CANSLIM] Upward sloping saucer??? RE: [CANSLIM] Upward sloping saucer??? ---------------------------------------------------------------------- Date: Wed, 21 May 2003 16:24:03 -0500 From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] STOPs and GRMN and selling rules 8% loss on $48=$44.16 Ed Gjertsen II ed@macktracks.com Confidentiality Notice: This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of michael_niemotka@baxter.com Sent: Wednesday, May 21, 2003 4:09 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] STOPs and GRMN and selling rules Chuck, What made you put a stop at $44? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Chuck Dreier" cc: Sent by: Subject: Re: [CANSLIM] STOPs and GRMN and selling rules owner-canslim@lists.xm ission.com 05/21/2003 03:44 PM Please respond to canslim I was in Garmin at approx $25 and watched it rise to $48 (a nearly 100% gain!!). Then as it began to fall, I put a $44 stop on it - 8%. Well, I stopped out the other day and watched it continue to decline thinking I'd done the right thing. I was awaiting the 50 day line at about $39 to see how to proceed, and then low and behold - it bounces back this afternoon on major volume. It's up to about $44.90 in after hours trading. Boy, I'm at a loss about what to do now. I honestly believe GRMN is a great company. I jumped off the train, and want back on. But... boy I don't want to get whipsawed. The chart isn't helping me make a decision. Anyone else been through something like this before? Thanks... Chuck ----- Original Message ----- From: michael_niemotka@baxter.com To: canslim@lists.xmission.com Sent: Wednesday, May 21, 2003 3:42 PM Subject: RE: [CANSLIM] STOPs and GRMN and selling rules While we are still on the subject of trailing stops, it can sometimes backfire. At one point, I was up over 20% in GRMN, after only a three week time from purchase. I chose to put in a 15% trailing stop, ie at worst case I would make a 5% profit if the stop started to fall. I know some would sell at least a portion of the position at a 20% gain, but because it came so quickly, I remembered one of WON's rules that said that you should hold a stock like that for at least 8 weeks. He also said that you should NEVER let a stock that is up 15-20% turn into a loss, so that is why I used a 15% trailer. And then today, I get the e-mail notice that my stop loss has been activated, and then I watch GRMN go on to have a 10% swing during the day, which would leave me at about a 15% gain again. Overall, I still think GRMN is a great company , and am mad that I got booted out with the stop loss, but I think this is something that everyone has to deal with if you plan on being un-emotional, and using rules. So what would everyone else have done? Should I have had a break even stop loss instead, since I was only up 20% but it happened within the first 3 weeks? Also, what is everyone's interpretation of WON's hold for 8 weeks rule when you get a high flyer? Do you limit the loss to break even instead, to give it more leeway for a pullback? Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Martin Guldenburg" cc: Sent by: Subject: RE: [CANSLIM] STOPs owner-canslim@lists.xm ission.com 05/21/2003 02:27 PM Please respond to canslim Ameritrade offers Trailing Stops -Martin _________________________________________________________________ The new MSN 8: advanced junk mail protection and 2 months FREE* http://join.msn.com/?page=features/junkmail - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 16:31:33 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] STOPs and GRMN and selling rules - Position Sizing This is a multi-part message in MIME format. - ------=_NextPart_000_0327_01C31FB6.70A3D580 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ed, totally agree. The implementation of position sizing allowed me to = move from the classroom to the trading arena. I have a 15 page set of = typed notes made after watching Dr. Tharp's Position Sizing tapes. If = anyone is interested, contact me OFFLINE. Gene | the addition of Position Sizing, how much to risk, is what | sets us apart and rounds out our discipline. =20 Ed Gjertsen II ed@macktracks.com =20 =20 - ------=_NextPart_000_0327_01C31FB6.70A3D580 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Ed, totally=20 agree. The implementation of position sizing allowed me to move = from the=20 classroom to the trading arena.  I have a=20 15 page set of typed notes made after watching Dr. Tharp's Position = Sizing=20 tapes. If anyone is interested, = contact me=20 OFFLINE.
 
Gene

| the addition of Position Sizing, how much to risk, is = what
|=20 sets us apart and rounds out our discipline. 

Ed Gjertsen = II

ed@macktracks.com
 
&nbs= p;
- ------=_NextPart_000_0327_01C31FB6.70A3D580-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 16:44:39 -0500 From: jch Subject: Re: [CANSLIM] STOPs and GRMN and selling rules - --=======F305B77======= Content-Type: text/plain; x-avg-checked=avg-ok-13497A07; charset=us-ascii; format=flowed Content-Transfer-Encoding: 8bit Mike: I think he noted desire to stop out 8% below $48--I have another comment re stops whether they be trailing at some fixed % or a fixed price rachet, fixed price, or fixed % from purchase..Am I correct in all cases one could see an 8% stop loss actually balloon to much more during a volatile trade day as the stop loss executes at the next trade below your stop loss price?..That's occurred with my trades more than once. jchjch >Chuck, > >What made you put a stop at $44? > > > >Mike Niemotka , PE >Sr. Principal Engineer >Baxter Healthcare Corporation >Route 120 & Wilson Road >Round Lake, IL 60073 >Tel (847) 270-4075 >Fax (847) 270-4525 >michael_niemotka@baxter.com > > > > > "Chuck > Dreier" > > canslim@lists.xmission.com > om> cc: > > Sent by: Subject: Re: > [CANSLIM] STOPs and GRMN and selling rules > owner-canslim@lists.xm > > ission.com > > > > > > 05/21/2003 03:44 > PM > > Please respond > to > > canslim > > > > > > > > > >I was in Garmin at approx $25 and watched it rise to $48 (a nearly 100% >gain!!). Then as it began to fall, I put a $44 stop on it - 8%. Well, I >stopped out the other day and watched it continue to decline thinking I'd >done the right thing. I was awaiting the 50 day line at about $39 to see >how to proceed, and then low and behold - it bounces back this afternoon on >major volume. It's up to about $44.90 in after hours trading. > >Boy, I'm at a loss about what to do now. I honestly believe GRMN is a >great company. I jumped off the train, and want back on. But... boy I >don't want to get whipsawed. The chart isn't helping me make a decision. >Anyone else been through something like this before? > >Thanks... >Chuck > ----- Original Message ----- > From: michael_niemotka@baxter.com > To: canslim@lists.xmission.com > Sent: Wednesday, May 21, 2003 3:42 PM > Subject: RE: [CANSLIM] STOPs and GRMN and selling rules > > > While we are still on the subject of trailing stops, it can sometimes > backfire. > > At one point, I was up over 20% in GRMN, after only a three week time from > purchase. > I chose to put in a 15% trailing stop, ie at worst case I would make a 5% > profit if the stop started to fall. I know some would sell at least a > portion of the position at a 20% gain, but because it came so quickly, I > remembered one of WON's rules that said that you should hold a stock like > that for at least 8 weeks. He also said that you should NEVER let a > stock > that is up 15-20% turn into a loss, so that is why I used a 15% trailer. > > And then today, I get the e-mail notice that my stop loss has been > activated, and then I watch GRMN go on to have a 10% swing during the day, > which would leave me at about a 15% gain again. > > Overall, I still think GRMN is a great company , and am mad that I got > booted out with the stop loss, but I think this is something that everyone > has to deal with if you plan on being un-emotional, and using rules. > > So what would everyone else have done? Should I have had a break even > stop > loss instead, since I was only up 20% but it happened within the first 3 > weeks? > > Also, what is everyone's interpretation of WON's hold for 8 weeks rule > when > you get a high flyer? Do you limit the loss to break even instead, to > give > it more leeway for a pullback? > > Thanks > > Mike > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "Martin Guldenburg" > > canslim@lists.xmission.com > ail.com> cc: > > Sent by: Subject: RE: > [CANSLIM] STOPs > owner-canslim@lists.xm > > ission.com > > > > 05/21/2003 02:27 PM > > Please respond to > canslim > > > > > > > > Ameritrade offers Trailing Stops > -Martin > > _________________________________________________________________ > The new MSN 8: advanced junk mail protection and 2 months FREE* > http://join.msn.com/?page=features/junkmail > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > >--- >Incoming mail is certified Virus Free. >Checked by AVG anti-virus system (http://www.grisoft.com). >Version: 6.0.483 / Virus Database: 279 - Release Date: 5/19/2003 - --=======F305B77======= Content-Type: text/plain; charset=us-ascii; x-avg=cert; x-avg-checked=avg-ok-13497A07 Content-Disposition: inline - --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.483 / Virus Database: 279 - Release Date: 5/19/2003 - --=======F305B77=======-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 17:12:19 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] STOPs This is a multi-part message in MIME format. - ------=_NextPart_000_0416_01C31FBC.22A22430 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tim, Schwab has added new features to StreetSmartPro ... but please be = careful using the alerts from Schwab. I get at least one bad alert from = them on a weekly basis. Today's alert was on TXN. It showed TXN rising = +4.71% faster than the S&P 500 since the prior day's close. With a Last = at $19.67. That was hard to do seeing that the day's range was 18.33 to = 18.87. I'll send you the actual alert offline. Gene Do you know any platforms that do offer a trailing stop? I'm looking = for exactly this and have not found any yet, but I have not checked out = many platforms. I use Schwab Streetsmart Pro now, thinking of going to = Cybertrader or Brown and Co. or if I find one with a trailing stop = (ideally overnight) I would move to it. Thanks in advance, Tim - ------=_NextPart_000_0416_01C31FBC.22A22430 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tim, Schwab has added new features to=20 StreetSmartPro ... but please be careful using the alerts from Schwab. I = get at=20 least one bad alert from them on a weekly basis. Today's alert was on = TXN. It=20 showed TXN rising +4.71% faster than the S&P 500 since the prior = day's=20 close. With a Last at $19.67. That was hard to do seeing that the day's = range=20 was 18.33 to 18.87. I'll send you the actual alert offline.
 
Gene
Do=20 you know any platforms that do offer a trailing stop? I'm looking = for=20 exactly this and have not found any yet, but I have not checked out = many=20 platforms. I use Schwab Streetsmart Pro now, thinking of going to=20 Cybertrader or Brown and Co. or if I find one with a trailing stop = (ideally=20 overnight) I would move to it.
Thanks in advance,
Tim
- ------=_NextPart_000_0416_01C31FBC.22A22430-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 18:34:49 -0500 From: "Gene Ricci" Subject: [CANSLIM] A Quick Way to Scan the Universe for Attractive Stocks by Ken Tower (CyberTrader) This is a multi-part message in MIME format. - ------=_NextPart_000_00CB_01C31FC7.A912F250 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable FYI http://www.schwab.com/SchwabNOW/navigation/mainFrameSet/0,4528,864|9765,0= 0.html?orig=3Datebulletin&dest=3Dkentowermay&pos=3Dmain&ebmk=3Dacquisitio= n - ------=_NextPart_000_00CB_01C31FC7.A912F250 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
FYI

 
http://www.schwab.com/SchwabNOW/navigation/mainFra= meSet/0,4528,864|9765,00.html?orig=3Datebulletin&dest=3Dkentowermay&a= mp;pos=3Dmain&ebmk=3Dacquisition
- ------=_NextPart_000_00CB_01C31FC7.A912F250-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 20:38:24 -0400 From: "Robert Mansk" Subject: Re: [CANSLIM] STOPs and GRMN and selling rules - Position Sizing This is a multi-part message in MIME format. - ------=_NextPart_000_00BA_01C31FD8.ED072010 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, I would like to see your notes on position sizing. However, I don't = know how to reach you offline. Could you share your email address? Bob Mansk robert.mansk@verizon.net ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 21, 2003 5:31 PM Subject: Re: [CANSLIM] STOPs and GRMN and selling rules - Position = Sizing Ed, totally agree. The implementation of position sizing allowed me to = move from the classroom to the trading arena. I have a 15 page set of = typed notes made after watching Dr. Tharp's Position Sizing tapes. If = anyone is interested, contact me OFFLINE. Gene | the addition of Position Sizing, how much to risk, is what | sets us apart and rounds out our discipline. =20 Ed Gjertsen II ed@macktracks.com =20 =20 - ------=_NextPart_000_00BA_01C31FD8.ED072010 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene,
 
    I would like to see = your notes=20 on position sizing.  However, I don't know how to reach you = offline. =20 Could you share your email address?
 
Bob Mansk
robert.mansk@verizon.net
----- Original Message -----
From:=20 Gene = Ricci
Sent: Wednesday, May 21, 2003 = 5:31=20 PM
Subject: Re: [CANSLIM] STOPs = and GRMN and=20 selling rules - Position Sizing

Ed, totally=20 agree. The implementation of position sizing allowed me to move = from the=20 classroom to the trading arena.  I have=20 a 15 page set of typed notes made after watching Dr. Tharp's Position = Sizing=20 tapes. If anyone is interested, = contact me=20 OFFLINE.
 
Gene

| the addition of Position Sizing, how much to risk, is=20 what
| sets us apart and rounds out our discipline.  =

Ed=20 Gjertsen II

ed@macktracks.com
 
&nbs= p;
- ------=_NextPart_000_00BA_01C31FD8.ED072010-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 19:50:35 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] STOPs and GRMN and selling rules - Position Sizing This is a multi-part message in MIME format. - ------=_NextPart_000_027B_01C31FD2.3F11CBF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable genr@swbell.net I will send them shortly, Gene ----- Original Message -----=20 From: Robert Mansk=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 21, 2003 7:38 PM Subject: Re: [CANSLIM] STOPs and GRMN and selling rules - Position = Sizing Gene, I would like to see your notes on position sizing. However, I = don't know how to reach you offline. Could you share your email = address? Bob Mansk robert.mansk@verizon.net ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 21, 2003 5:31 PM Subject: Re: [CANSLIM] STOPs and GRMN and selling rules - Position = Sizing Ed, totally agree. The implementation of position sizing allowed me = to move from the classroom to the trading arena. I have a 15 page set = of typed notes made after watching Dr. Tharp's Position Sizing tapes. If = anyone is interested, contact me OFFLINE. Gene | the addition of Position Sizing, how much to risk, is what | sets us apart and rounds out our discipline. =20 Ed Gjertsen II ed@macktracks.com =20 =20 - ------=_NextPart_000_027B_01C31FD2.3F11CBF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
genr@swbell.net
 
I will send them shortly,
Gene
----- Original Message -----
From:=20 Robert Mansk
Sent: Wednesday, May 21, 2003 = 7:38=20 PM
Subject: Re: [CANSLIM] STOPs = and GRMN and=20 selling rules - Position Sizing

Gene,
 
    I would like to = see your notes=20 on position sizing.  However, I don't know how to reach you=20 offline.  Could you share your email address?
 
Bob Mansk
robert.mansk@verizon.net
----- Original Message -----
From:=20 Gene = Ricci
Sent: Wednesday, May 21, 2003 = 5:31=20 PM
Subject: Re: [CANSLIM] STOPs = and GRMN=20 and selling rules - Position Sizing

Ed,=20 totally agree. The implementation of position sizing allowed me = to move=20 from the classroom to the trading arena.  I have a 15 page set of typed notes made = after watching=20 Dr. Tharp's Position Sizing tapes. If=20 anyone is interested, contact me OFFLINE.
 
Gene

| the addition of Position Sizing, how much to risk, = is=20 what
| sets us apart and rounds out our discipline.  =

Ed=20 Gjertsen II

ed@macktracks.com
 
&nbs= p;
- ------=_NextPart_000_027B_01C31FD2.3F11CBF0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 22:33:28 EDT From: Mhboatman@aol.com Subject: [CANSLIM] Upward sloping saucer??? - --part1_136.1f4850c6.2bfd90f8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit 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 - --part1_136.1f4850c6.2bfd90f8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable 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 appear= s what would seem to be an upward sloping saucer (still visible but less app= arent using a logarithmic chart).  If that is a saucer, could what foll= ows 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 se= en in saucer patterns. 

We am not contemplating a purchase so much as seeking clarification of what=20= we are seeing in this chart.

Howard

 - --part1_136.1f4850c6.2bfd90f8_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 19:39:48 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] Any commentson MME Great fundies. Would have been nice if buy at BO on 4/20. Currently extended from base. - --- Sébastien_Derks wrote: > Any comments on this stock (MME)? > It seems to be following a nice pattern which good > CANSLIM support. > > > Sébastien > > __________________________________ Do you Yahoo!? The New Yahoo! Search - Faster. Easier. Bingo. http://search.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 23:35:17 EDT From: Chazmoore@aol.com Subject: Re: [CANSLIM] Upward sloping saucer??? - --part1_129.2a804b15.2bfd9f75_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Howard: Sorry but I don't think WON recognizes a sloping saucer. A saucer is nothing more than a cup/handle with an extended flat bottom. The left hand side of the cup defines the beginning of a formation. What you are looking at, I believe, is an ascending base. This is a very good, healthy formation with constant growth, but without the explosive jump we look for in the c/h. In today's market I personally like the ascending base. Hope this helps. Charley - --part1_129.2a804b15.2bfd9f75_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Hi Howard: Sorry but I do= n't think WON recognizes a sloping saucer. A saucer is nothing more than a c= up/handle with an extended flat bottom. The left hand side of the cup define= s the beginning of a formation.
What you are looking at, I believe, is an ascending base. This is a very= good, healthy formation with constant growth, but without the explosive jum= p we look for in the c/h. In today's market I personally like the ascending=20= base.
Hope this helps.
Charley - --part1_129.2a804b15.2bfd9f75_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 21 May 2003 22:43:56 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Upward sloping saucer??? This is a multi-part message in MIME format. - ------=_NextPart_000_0057_01C31FEA.76932930 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Howard, To say USNA is tracing an "upward sloping saucer" would be stretching the concept of a base a bit too far. What you've got in the pattern you point out is a healthy rising stock. The idea of a base is that it represents a pause in the rising action of the stock, and with the exception of a few basing patterns such as the ascending base, for the most part, these corrections take the stock *down* in price. See a graphic representation of this process of rising/basing/breaking out at: http://www.cwhcharts.com/katherine/BasingProcess.JPG With USNA, you can see the same pattern over the last couple of years if you look at a weekly chart: http://www.cwhcharts.com/katherine/USNA052103Wkly.JPG The idea of identifying a base is that the pause in the rising action gives you a "safe" or "lower risk" entry point in the stock. Enter while it's on the rise and you're more likely to suffer through a correction or an out and out failure! Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mhboatman@aol.com Sent: Wednesday, May 21, 2003 8:33 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Upward sloping saucer??? 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 - ------=_NextPart_000_0057_01C31FEA.76932930 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable
Hi Howard,
 
To say USNA is tracing an "upward = sloping=20 saucer" would be stretching the concept of a base a bit too far. What = you've got=20 in the pattern you point out is a healthy rising stock. The idea of a = base is=20 that it represents a pause in the rising action of the stock, and with = the=20 exception of a few basing patterns such as the ascending base, for the = most=20 part, these corrections take the stock *down* in price. See a graphic=20 representation of this process of rising/basing/breaking out = at:
 
http://www.= cwhcharts.com/katherine/BasingProcess.JPG
 
With USNA, you can see the same = pattern over=20 the last couple of years if you look at a weekly chart:
 
http://www= .cwhcharts.com/katherine/USNA052103Wkly.JPG
 
The idea of identifying a base is = that the=20 pause in the rising action gives you a "safe" or "lower risk" entry = point in the=20 stock. Enter while it's on the rise and you're more likely to suffer = through a=20 correction or an out and out failure!
 
Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Mhboatman@aol.com
Sent: Wednesday, May 21, 2003 8:33=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Upward sloping saucer???

Is there such a = thing as an upward=20 sloping saucer?

Looking at a daily DGO chart on USNA one can = draw a=20 line from the high of $7.90 on 6-22-02 to the high at $29.52 on = 5-7-03. =20 Below that line appears what would seem to be an upward sloping saucer = (still=20 visible but less apparent using a logarithmic chart).  If that is = a=20 saucer, could what follows the 5-7-03 high be thought of as the = beginnings of=20 a handle?

We note that the *saucer*  has increasing price = and=20 volume on the right side with an improving relative strength line,=20 characteristics typically seen in saucer patterns. 

We am = not=20 contemplating a purchase so much as seeking clarification of what we = are=20 seeing in this=20 chart.

Howard

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