Re: [CANSLIM] Length of Bases

From: esetser <esetser@covad.net>
Subject: Re: [CANSLIM] Length of Bases
Date: Sun, 16 Dec 2001 08:22:29 -0800

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Hmm, I wish I had been waiting for 7 week handles for the last year!  It
could have saved me a lot of money!  On the other hand, handle length
should be relative to the base, so those short handles on 7 week bases may
be okay, but I need to remember to look for longer action on the longer bases.

At 10:11 PM 12/15/01 -0800, you wrote:
>Earl,
>
>Thanks for redirecting us to this bit of info. Lately, I've been going
>bonkers watching for 7 week handles as opposed to the C&H as a whole. I for
>one have been looking for 7 week handles!
>
>-Bill Triffet
>
>----- Original Message -----
>From: "esetser" <esetser@covad.net>
>To: <canslim@xmission.com>
>Sent: Saturday, December 15, 2001 6:26 PM
>Subject: [CANSLIM] Length of Bases
>
>
>> Here is some further data I found on the length of base subject.  In
>> HTMMIS, on page 162, in Search with Cup-with-a-Handle Price Patterns, WON
>> goes on to define a CUP as a 7 to 65 week pattern.  The handle is talked
>> about later and doesn't seem to bring up the total time, just usually 1 to
>> 2 weeks or more for the handle.
>>
>> However, given the discussion, I decided maybe a quick peak at the 26
>> lesson course to see if it is more specific was a good idea. Okay, lesson
>> #9 discusses patterns, and there is an illustrated cup with handle base
>> they discuss.  Oh-oh, WON states that the base requires at least 7 to 8
>> weeks from point A to point E, where E is the breakout point.  I guess
>this
>> clarifies it better than HTMMIS as it is very specific.
><snip>
>
>
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