Re: [CANSLIM] Re: BREL

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Re: BREL
Date: Wed, 19 Dec 2001 20:51:23 EST

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Katherine:

     The charts of BREL and IGT (as described by WON) I saw as being 
analogous in this respect:  The bottom of the cup in BREL (and I believe 
IGT-since WON describes IGT's failed BO as "...coming too deep in its base.") 
is below 50% of the rise to the left lip.  I was going to add that there is 
no handle in BREL, but I think I see one that occurred in late November-early 
December.

     From the point of view of the relatively low floor in the cup's bottom, 
the stock seemed weak.  Also, there did not seem to be enough time (the 
V-shape) to allow for weak hands to sell, and for strong hands to accumulate. 
 I believe WON also mentioned this concerning IGT's failed BO, ie. there 
weren't enough weak hands leaving the stock.

jans
     


In a message dated 12/19/2001 3:10:28 PM Eastern Standard Time, 
kmalm@earthlink.net writes:

<< I'm not sure I completely understand how you equate BREL and IGT so am
 hoping you will clarify.
 
 If it has to do with a shakeout in the handle, BREL
 had no such shakeout, though if you look at PECS,  >>

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