Re: [CANSLIM] sweet chart

From: Davellil5@aol.com
Subject: Re: [CANSLIM] sweet chart
Date: Thu, 11 Jul 2002 10:49:00 EDT

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Ernie, the technique you describe is similar to the technique used in 
statistical quality control (SQC) of manufactured products.

In that technique, a central line is established (which for LLUR's would be a 
rising line), and then upper and lower control limits, each a certain 
distance above and below the central line.  IN SQC, the distance is three 
sigmas (standard deviations).

Any move above the upper control limit would be an indication of a 
significant breakout.  Any move below the lower control limit would indicate 
a significant breakdown.  Trading volume would also have to bve considered 
(same as with cups and handles).

A variation of that technique could be used on LLUR's.  Don't know whether 
anyone has tried it.  Bollinger does something like this, but not the same.

Regards, Dave

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