Go to Jeff Salisbury LWGate Home Page.From: esetser <esetser@covad.net>
Subject: Re: [CANSLIM] Re: BREL
Date: Sat, 15 Dec 2001 09:31:54 -0800
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Wow, thanks for this little tidbit. It seems to me that I am in the minority of the group requiring an absolute minimum of 7 weeks for a base before even adding a stock to my watch list (5 weeks for a flat base). However, I've been using that 7 weeks as a total, rather than the base before the handle. A quick look at HTMMIS seems to confirm your interpretation, so thanks for the note! At 12:45 PM 12/14/01 -0600, you wrote: >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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