Re: [CANSLIM] Re: BREL

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Re: BREL
Date: Fri, 14 Dec 2001 12:17:37 -0600

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Yes. That would be my read. I think that B. would've considered this part of
the cup. But I don't know that for sure without rereading the chapter
closely. The good news is, however, if a stock were to form a high handle
where the right lip was higher than the left lip, that would mean the
failure rate out of the pattern drops.

But all that aside, when I look at the BREL chart, I see the left side of
the cup at $24.90 on 10/26. I see the high of the handle at $33.35 on 12/5
and I see 6 days in the handle and a B/O today. The problem I have is that
this makes a cup only 5-1/2 weeks long and that is too short to be valid. 7
weeks is minimum. On my sell rule checklist, if a stock near its highs
breaks out of a base
that is too short, it gets the axe.

Katherine

- ----- Original Message -----
From: <camelot.homes@charter.net>
To: <canslim@lists.xmission.com>
Sent: Friday, December 14, 2001 11:52 AM
Subject: Re: [CANSLIM] Re: BREL


> katherine, i'm sorry i don't really understand your answer. does it
> mean(maybe in your opinion) that since the price is cranking above the
pivot
> that it isn`t really a handle. and BREL might have done that in this case?
> david
> ----- Original Message -----
> From: "Katherine Malm" <kmalm@earthlink.net>
> To: <canslim@lists.xmission.com>
> Sent: Friday, December 14, 2001 11:27 AM
> Subject: Re: [CANSLIM] Re: BREL
>
>
> > >>. it looks to me like a
> > > slightly upward handle which kind of concerned me. ...what does Mr. B
> > > say about this?
> >
> > You know, off the top of my head, I don't remember that he mentioned
> upward
> > sloping handles. He did say that it didn't matter statistically whether
or
> > not they were downward sloping. So I'm going to guess that he's implying
> > that it shouldn't crank up above the pivot, or it's not really a handle.
> > But, that's just an opinion, not a fact.
> >
> > Katherine
> > ----- Original Message -----
> > From: <camelot.homes@charter.net>
> > To: <canslim@lists.xmission.com>
> > Sent: Friday, December 14, 2001 11:09 AM
> > Subject: Re: [CANSLIM] Re: BREL
> >
> >
> > > tim and dave, got into BREL early this morning . it looks to me like a
> > > slightly upward handle which kind of concerned me. Katherine what does
> Mr.
> > B
> > > say about this? anyother thoughts from others? Andreas, great saying
> from
> > > Goethe. david
> > > ----- Original Message -----
> > > From: "Dave" <drubin@i-2000.com>
> > > To: <canslim@lists.xmission.com>
> > > Sent: Friday, December 14, 2001 10:01 AM
> > > Subject: [CANSLIM] Re: BREL
> > >
> > >
> > > > Doesn't the upward-sloping handle on BREL concern you?
> > > >
> > > > -
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