Re: [CANSLIM] Identifying NEW leaders

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Identifying NEW leaders
Date: Tue, 13 Aug 2002 10:29:07 -0400

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Duke:

     I'm on vacation and don't always have access to a computer (and never to my notes-which are at home);however, regarding your mention of WON's no handle policy:  I believe there was one Investor Corner article recently which warned its readers to be wary of cups without handles.  

     I believe it admonished that cups without handles are not setting up properly.  Furthermore, in this market, it added, you want to see break outs from near perfect formations before purchasing the stock.

                                       jans



In a message dated Tue, 6 Aug 2002 4:12:05 PM Eastern Standard Time, dukemill@tampabay.rr.com writes:

> I've been absent a few days from the list, and in reviewing it, I noted someone saying that a particular chart looked pretty good, but it had no handle yet.  Then I noted in today's Investor's Corner, it's not totally necessary to have a handle.  After thinking about this and reviewing a few "handle-less" charts.  All I could conclude is it's really a pattern that caters to good ol' IBD hindsight, right?  Buying as the stock breaks out past the left peak of the handle (+ $.10) is 
> risking that it's just setting up for a handle, right?  



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