RE: [CANSLIM] PRCP

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] PRCP
Date: Thu, 4 Sep 2003 09:41:56 -0500

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Hi Tomas,

WON suggests that cup formations run no more than 1-1/4 years. Longer than
that and he suggests that one look for valid bases within the multi-year
timeframe. That's particularly important after a multiyear decline, as one
would first look for bottoming bases which reset the base count and
essentially start a fresh run for the stock. After an intial bottoming base
(count 0), the subsequent bases (>=5-7wks) become of interest as well (base
1, 2, 3, etc). If one were to wait for multiyear cup formations, much of the
gain during the fresh run would be missed.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tomas
Sent: Thursday, September 04, 2003 9:32 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] PRCP

Isn't there a limit to the time duration of the cup?
I forget what is the rule on that.

tomas

- --- Dan Forant <dforant1@nycap.rr.com> wrote:
> PRCP: 3 year cup with handle. Bought @6.58, 8/25.
> Comments?
>
> DanF

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