[CANSLIM] cup w/o handle, churning

From: "Ann" <annholly@attbi.com>
Subject: [CANSLIM] cup w/o handle, churning
Date: Wed, 7 Aug 2002 12:49:18 -0400

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Thanks, Charley, Mike, Patrick, Nancy, Katherine,

This is such a great list. It's amazing to be able to post questions and get
all these prompt and helpful replies. Thank you, all.

My questions arose, when I was looking at the charts in Chapter 13 of
HTMMIS. The Cup-without-Handle patterns are on pages 161-162. Some of the
charts point out "strong up weeks on big volume" on the R-side of the cup,
but I had in my notes (possibly from Investors' Corner, as I think Charley
suggests) that the volume should dry up on the R-side of a
Cup-without-Handle.

But, as I look over all the charts (and these are charts that WON picked
because the stocks flew after breakout), no one chart has ALL the
characteristics you should look for. For example, in the CSCO chart (p.
158), the RS line was not at an all-time high before the stock took off in
'95.

I guess the moral of the story is that you have to take a preponderance of
indicators, and not just get stuck over one of them missing. (But then, that
"one" could later prove to be your downfall!! Alas!).

Thanks again,

Ann


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