Re: [CANSLIM] ANSI

From: Chazmoore@aol.com
Subject: Re: [CANSLIM] ANSI
Date: Fri, 16 Aug 2002 21:52:48 EDT

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Ann: You are correct about the larger cup. The left hand lip was at $36.75 on 
January 15, 2002, and the low was $24.00, making the midpoint $30.38.
In my opinion, the right hand lip has not formed yet and that is not a 
handle, unless the lip formed Thursday and you are looking at the first day 
of the handle. Why not give it a few days to develop?
The left hand of the cup is always the last high price and you may go back 
nearly a year looking for the last high. If you look at the upper right hand 
corner of the Weekly chart you will find the last 52 week high. Normally that 
will be the left hand lip.
Charley

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<HTML><FONT FACE=arial,helvetica><FONT  SIZE=2>Ann: You are correct about the larger cup. The left hand lip was at $36.75 on January 15, 2002, and the low was $24.00, making the midpoint $30.38.
<BR>In my opinion, the right hand lip has not formed yet and that is not a handle, unless the lip formed Thursday and you are looking at the first day of the handle. Why not give it a few days to develop?
<BR>The left hand of the cup is always the last high price and you may go back nearly a year looking for the last high. If you look at the upper right hand corner of the Weekly chart you will find the last 52 week high. Normally that will be the left hand lip.
<BR>Charley</FONT></HTML>

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