Re: [CANSLIM] Re: BREL

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Re: BREL
Date: Wed, 19 Dec 2001 19:34:11 -0600

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Oh, I see what you mean. I saw it as "faulty" but for other reasons. I
thought a 40% correction in such a short time (beg. 10/26) and a very brief
handle before bolting up was a bit excessive given where the stock had been
until late Setptember. I don't always know how to translate this into a more
technical point of view, such as you have given. Thanks.

Katherine
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, December 19, 2001 7:51 PM
Subject: Re: [CANSLIM] Re: BREL


> 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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