Go to Jeff Salisbury LWGate Home Page.From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] chart reading
Date: Wed, 17 Jul 2002 09:50:41 -0700
Next Article (by Date): Re: [CANSLIM] CRDN (Ceradyne): CANSLIM in the making microcap? "Donald Wallker"
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My understanding is in the cup with handle-people bought into the stock somewhere in the left side of the cup-followed it down to the bottom-rode it back up to (or near the) top of the right side of the cup. As it reaches the top of the right side a whole new set of buyers are looking and saying"wow, this stock is really climbing,numbers are looking good, I'm jumping in. "Mostly canslim buyers (haha). At this same time the people who held on through the whole process of the cup are saying "I finally made my losses back-I'm jumping out now before I possible go through that again." The people jumping out cause a small dip in the price(the left side of the handle), when this is complete the buyers take over and form the right side of the handle-the breakout(hopefully)and the and the spiraling climb up from there(peace on earth). I hope this helps and I'm sure if I'm wrong we'll find out soon. zilla - ----- Original Message ----- From: "Kelly Short" <kelly.short@neoris.com> To: <canslim@lists.xmission.com> Sent: Wednesday, July 17, 2002 6:55 AM Subject: RE: [CANSLIM] chart reading Tom (and group), Thanks for the link. I'm still a bit fuzzy on the difference between a CH formation and a Doublebottom formation. I took two of the charts from the link you provided and on the CH formation overlaid (in red line) a Doublebottom formation. Is the formation a CH because the second dip does not go below the first? Or is there some other method of identifying a doublebottom formation? Kelly - -----Original Message----- From: Tom Worley [mailto:stkguru@bellsouth.net] Sent: Wednesday, July 17, 2002 6:32 AM To: CANSLIM Subject: [CANSLIM] chart reading nice, quick refresher http://www.amateur-investors.com/Chart_Patterns_Article.htm only one I caught was FSTW Tom Worley stkguru@bellsouth.net AIM: TexWorley - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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