Re: [CANSLIM] Chico's CHS

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Chico's CHS
Date: Sun, 14 Apr 2002 20:10:26 -0600

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On 14 Apr 2002 at 17:56, John Lessnau wrote:

> The chart looks to be in the final stages of a cup.  I little longer
> handle is needed (I believe WON recommends a 4 - 8 week handle) but is
> that really possible in today's information age?  Back when "How to
> Make Money in Stocks" was written the Web barely existed and only the
> most dedicated CANSLIMers and Stock pros could find these stocks.
> Today, any schmoe can find these stocks much more easily then before
> which may make entry point a little quicker then in the past. 

I'm not sure he ever said a handle should be 4-8 weeks long, more like 1 to 2 or 3 
weeks long, and yes, I think you can get a handle of that length.  No cup that I see, 
if you saw that C&H definition I posted a couple weeks ago, Greg Kuhn said cups 
can be 3 to 6 months, although 7 weeks is ok in a strong bull market.  I think you 
have a 3 week cup-like pause up there in CHS, but I'd say that base is too short, 
and no matter how you want to look at it, you aren't going to squeeze a C&H out of 
that chart.

(reread that definition I posted)

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