[CANSLIM] Cup formations

From: Chazmoore@aol.com
Subject: [CANSLIM] Cup formations
Date: Wed, 14 Aug 2002 09:29:24 EDT

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That selloff in July has had the effect of setting "cup" bottoms for several 
stocks that were at new highs prior to that date. If you would like to test 
your chart reading skills you may want to follow along with the development 
of the right side of the cup, and then with a little luck, a handle or two. 
Watch for the movement of the price line as well as the daily volume. Here 
are three companies with fairly good fundamentals that appear to be forming 
cups. PDCO, HSIC, and PETM. There must be several more.

I am not suggesting these are "buy" candidates. This is no time to be buying.

Charley

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<HTML><FONT FACE=arial,helvetica><FONT  SIZE=2>That selloff in July has had the effect of setting "cup" bottoms for several stocks that were at new highs prior to that date. If you would like to test your chart reading skills you may want to follow along with the development of the right side of the cup, and then with a little luck, a handle or two. Watch for the movement of the price line as well as the daily volume. Here are three companies with fairly good fundamentals that appear to be forming cups. PDCO, HSIC, and PETM. There must be several more.
<BR>
<BR>I am not suggesting these are "buy" candidates. This is no time to be buying.
<BR>
<BR>Charley</FONT></HTML>

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