[CANSLIM] HTMMIS charts

From: "Ann" <annholly@attbi.com>
Subject: [CANSLIM] HTMMIS charts
Date: Wed, 7 Aug 2002 22:53:26 -0400

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One difference between the 2nd and 3rd eds. of HTMMIS is that in the 3rd,
WON puts the sample charts into sections, according to the kind of base
formation the chart demonstrates. However, in the 2nd ed., he has only two
sections:"Examples of Great Winners to Guide You" and  "Sell or
Short-selling Models." I don't remember seeing that last one before. (I
guess it was too far beyond me when I read the 2nd ed!)

The way he showed the type of chart in the 2nd ed. was to show  the span of
the base and label the type of formation right on the chart. At times it
would say "CUP WITH HANDLE" and at times it said "CUP". Perhaps that was my
friend, "Cup-without-Handle."

I like the way he marks the bases in the 3rd edition with A (left rim), B
(bottom of cup), C (right rim), and D (buy point).
Ann

- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, August 07, 2002 10:26 PM
Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions


: Patrick and Ann,
:
: I don't recall ever hearing about a handleless cup as a valid CANSLIM
: pattern. Is this something only IBD sees, or can someone quote WON also
: supporting this as a valid pattern?
:
: ----- Original Message -----
: From: "Patrick Wahl" <pjwahl@attbi.com>
: To: <canslim@lists.xmission.com>
: Sent: Wednesday, August 07, 2002 12:30 PM
: Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions
:
:
: I don't know this for sure, but I think you might be referring to an
article
: where the
: IBD pulled out an example of a stock that blasted off from a cup pattern
: without first
: forming a handle and said that not all stocks form a handle.  This is the
: sort of thing
: that IBD does that I find a little questionable ( and Duke has been good
at
: pointing
: this stuff out), and that is to do an after the fact analysis and justify
it
: on shaky
: grounds.  If a stock spiked up from a cup with no handle and then failed,
I
: could
: easily see IBD saying -see, no handle, this is the sort of thing you have
to
: watch out
: for, this stock should not have been bought.
:
: So I think the easy answer is that if it doesn't form a handle and takes
: off, let it go,
: wiat for the next one, you don't have to catch everything, look for the
: sounder
: pattern.
:
: On 7 Aug 2002 at 12:14, Ann wrote:
:
: > Maybe I didn't form my question right. How do I know, as the cup forms
its
: > right side and approaches the previous high, whether it's going to be a
: cup
: > with a handle or without a handle? What if I am waiting for a handle to
: > form, but it doesn't form and goes straight to breaking out? Then it has
: > formed a cup-without-handle, but I have missed the breakout. Or do you
: just
: > have to be there at the time it is breaking out or catch it within 5%?
:
:
:
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