Re: [CANSLIM] charts and patterns questions

From: Spencer48@aol.com
Subject: Re: [CANSLIM] charts and patterns questions
Date: Mon, 05 Aug 2002 10:50:28 -0400

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Mike:

     In Bear Markets, I'd look at the Daily as being of more importance than the Weekly, and here is why:  In Bears a stock will upburst only in the short-term when it BO's. The stock will not likely be able to fight the tide of the Bear-so I hold less import on the weekly in that case. 

      However, when the Bull hits, I'd look at the Weekly in order to catch stocks that will most probably remain strong after they BO.  With a Bull, I'd play the trend of the stock [ie. its BO] and the Market [ie. the Bull].

                             jans



In a message dated Fri, 2 Aug 2002 1:41:48 PM Eastern Standard Time, michael_niemotka@baxter.com writes:

> 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.


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