Go to Jeff Salisbury LWGate Home Page.From: <camelot.homes@charter.net>
Subject: Re: [CANSLIM] Re: BREL
Date: Fri, 14 Dec 2001 13:38:04 -0600
Previous Article (by Subject): Re: [CANSLIM] Re: BREL "Katherine Malm"
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katherine, sorry i made a mistake. i believe WON mentions in both of his books that the C&H pattern should be a minimum of 7 weeks long-isn't this a C&H pattern? of course, if BREL doesn't really have a handle, according to Mr. B's book, after the B/O point this pattern possibly has a lower failure rate and a higher rate of return. am i'm wrong? david - ----- Original Message ----- From: "Katherine Malm" <kmalm@earthlink.net> To: <canslim@lists.xmission.com> Sent: Friday, December 14, 2001 12:45 PM Subject: Re: [CANSLIM] Re: BREL > No, the handle is not part of the base. It is a separate consolidation that > shakes out the last of the weak holders. So that means, BREL has a 5-1/2 > week base and a handle slightly longer than a week.According to WON, its > duration should be proportional to the length and depth of the base itself. > > No, I haven't posted my sell rules because these things are different for > each person depending on their experience, risk tolerance and goals. I > started with WON, pared it down, cleared up the fuzzy ones, then added a few > from my own experience. But I'd say that if a trader doesn't have definitive > rules that can be written down on a list, emotion will always take over when > it's time to sell. And *that* is the way most people lose big money! > > Katherine > ----- Original Message ----- > From: <camelot.homes@charter.net> > To: <canslim@lists.xmission.com> > Sent: Friday, December 14, 2001 12:40 PM > Subject: Re: [CANSLIM] Re: BREL > > > > katherine, i thought WON included the handle as part of the base. also, if > i > > count correctly, with the base starting on 10/26/01, it's 7 weeks long as > of > > today, the minimum according to WON for a C&H base. also, have you posted > > your sell rules? thanks, david > > ----- Original Message ----- > > From: "Katherine Malm" <kmalm@earthlink.net> > > To: <canslim@lists.xmission.com> > > Sent: Friday, December 14, 2001 12:17 PM > > Subject: Re: [CANSLIM] Re: BREL > > > > > > > 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? > > > > > > > > > > > > > > - > > > > > > > -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. > > > > > > > > > > > > - > > > -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.
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