Re: [CANSLIM] Re: BREL

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Re: BREL
Date: Fri, 14 Dec 2001 12:45:32 -0600
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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?
> > > > > >
> > > > > > -
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