Re: [CANSLIM] charts and patterns questions

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] charts and patterns questions
Date: Fri, 2 Aug 2002 12:49:05 -0700

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Funny you mention saucers. Check out today's Investor's Corner. Shows GE
with a 27% dip in the saucer.
http://www.investors.com/editorial/corner.asp?v=8/2

It only mentions that the dip of a saucer would be less than a cup. Perhaps
HTMMIS has some values to look for. That said, maybe what your looking at is
really just a good ol' flat base which is also a valid pattern to look for.

- -Bill

- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Friday, August 02, 2002 12:26 PM
Subject: Re: [CANSLIM] charts and patterns questions


>
> That also makes me think about looking at the charts even closer. Sometime
> on the weekly charts, I have spotted what I thought looked like a nice
cwh,
> but when I started to check the amount it corrected in the "cup" area, I
> notice that it is only 10-15%......isn't is supposed to be more like
> 25-35%?  Would that make it more like a flat base, since it only has a
> 10-15% change?
>
> What is the criteria for a saucer with a handle?
>
>
>
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
>
>
>
>                     "Bill Triffet"
>                     <btriffet@earthlink.ne        To:
canslim@lists.xmission.com
>                     t>                            cc:
>                     Sent by:                      Subject:     Re:
[CANSLIM] charts and patterns questions
>                     owner-canslim@lists.xm

>                     ission.com
>
>
>                     08/02/2002 02:18 PM
>                     Please respond to
>                     canslim
>
>
>
>
>
>
> Myself, I use weekly initially for the pattern identification as it
> smoothes
> out the bumps. I use the daily for plotting the pivot and sell points as
> one
> needs the detail. This also brings up the importance of also using
> logarithmic charts to put the advances and declines in true perspective.
>
> -Bill
> ----- Original Message -----
> From: <michael_niemotka@baxter.com>
> To: <canslim@lists.xmission.com>
> Sent: Friday, August 02, 2002 11:41 AM
> Subject: [CANSLIM] charts and patterns questions
>
>
> > All,
> >
> > When using charts to spot patterns, does it matter much if you use daily
> or
> > weekly charts?  I notice that in the stocks in the news section, they
use
> > weekly charts, and many times I will circle those that look like cwh
> > patterns for later study. But sometime, when I look at a daily chart,
the
> > pattern seems to go away, or is much harder to spot.
> >
> > Also, is the pivot point the pivot point, regardless of which chart you

> > look at?  What I mean is, if a stock has a pivot on the weekly chart of
> say
> > $15.10, does it have to have a breakout for the week of over $15.10 on
> > higher than ave weekly volume, or is it still a valid b/o if it rises
> above
> > $15.10 on any given day with higher than ave daily vol?
> >
> > Thanks for all the help, and have a great weekend
> >
> > Mike
> >
> > Mike Niemotka , PE
> > Sr. Principal Engineer
> > Baxter Healthcare Corporation
> > Route 120 & Wilson Road
> > Round Lake, IL 60073
> > Tel (847) 270-4075
> > Fax (847) 270-4525
> > michael_niemotka@baxter.com
> >
> >
> >
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