Re: [CANSLIM] cup w/o handle

From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] cup w/o handle
Date: Wed, 7 Aug 2002 13:41:30 -0700
Next Article (by Subject): Re: [CANSLIM] cup-without-handle; "tightness" questions "zillagirl"
Previous Article (by Subject): RE: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes "Katherine Malm"
Articles sorted by: [Date] [Author] [Subject]
Bill-thats great - I get that also!!!(I'm amazed) Can you tell me what would
cause it to go into a double bottom, and not a handle?  It seems that if it
had the strength to climb all the way up the right side of the cup-it would
not go all the way back down-it is even stranger with a triple bottom.  Any
thoughts?
- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, August 07, 2002 12:30 PM
Subject: Re: [CANSLIM] cup w/o handle


> Ann,
>
> I think the whole issue with the cup w/o a handle comes to this. Have all
> the sellers finished selling? The problem with no handle is the chance of
a
> big pullback as the previous shareholder get out for good after sitting
> through that darned cup. With a handle of lower volume, there is less risk
> of a pullback. Most of the sellers are done IMO.
>
> So, I'm no expert at this but, I might want to see the volume dryup a bit
as
> it climbs the right side near the top - then increased volume as it breaks
> to new ground. Add to that, the fundies had better be perfect for added
> insurance against the lack of a handle.
>
> Note: I find the no handle issue fits with the double bottom charts better
> as the stock's had ample time to shake out the sellers
>
> -Bill
>
> ----- Original Message -----
> From: "Ann" <annholly@attbi.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, August 07, 2002 12:15 PM
> Subject: Re: [CANSLIM] cup w/o handle
>
>
> > Mike,
> >
> > Sorry if I'm missing something, but aren't you talking about cup With
> > handle?
> > Or are you saying that, in the cup With handle the drop in volume occurs
> in
> > the handle, and in the cup Without handle it occurs on the right side of
> the
> > cup (at least part of the time)?
> >
> >
> > Ann
> >
> > ----- Original Message -----
> > From: "Mike Gibbons" <mikegibbons@proactech.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Wednesday, August 07, 2002 2:35 PM
> > Subject: RE: [CANSLIM] cup w/o handle, churning
> >
> >
> > : Hi Ann,
> > :
> > : Perhaps the key to getting your understanding of this nailed is to
> analyze
> > : the phrase from your posting "but I had in my notes ... that the
volume
> > : should dry up on the R-side of a Cup-without-Handle."
> > :
> > : As I understand it, the volume should be above the 50 ADV on at least
a
> > few
> > : days as it comes up the right side of the cup and those days should be
> > : accompanied by a price increase. Once the handle has started to form,
> you
> > : now want the volume to drop below the 50 ADV on most days. In
> particular,
> > : you don't want to see above average volume accompanied by large
downward
> > : price moves, as this is a sign of weakness. (Katherine pointed this
out
> > : earlier).
> > :
> > : If you run the chart selector that I posted yesterday, you will see
that
> > the
> > : stocks selected are given a CQ rating. This is a metric that attempts
to
> > : quantify the qualities I mentioned in the previous paragraph. (see my
> > : earlier post today also).
> > :
> > : Aloha,
> > :
> > : Mike Gibbons
> > : Proactive Technologies, LLC
> > : http://www.proactech.com
> > :
> > :
> > : -----Original Message-----
> > : From: owner-canslim@lists.xmission.com
> > : [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann
> > : Sent: Wednesday, August 07, 2002 6:49 AM
> > : To: CANSLIM Listserv
> > : Subject: [CANSLIM] cup w/o handle, churning
> > :
> > :
> > : 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
> > :
> > :
> > : -
> > : -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > : -In the email body, write "subscribe canslim" or
> > : -"unsubscribe canslim".  Do not use quotes in your email.
> > :
> > :
> > : -
> > : -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > : -In the email body, write "subscribe canslim" or
> > : -"unsubscribe canslim".  Do not use quotes in your email.
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.
Go to Jeff Salisbury LWGate Home Page.