Re: [CANSLIM] ANSI

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

Next Article (by Subject): RE: [CANSLIM] ANSI "Mike Gibbons"
Previous Article (by Subject): RE: [CANSLIM] ANSI "Scott Gettis"
Top of Thread: [CANSLIM] ANSI "Ann"
Next in Thread: RE: [CANSLIM] ANSI "Mike Gibbons"
Articles sorted by: [Date] [Author] [Subject]

- --part1_8f.20b2f477.2a8f0670_boundary
Content-Type: text/plain; charset="US-ASCII"
Content-Transfer-Encoding: 7bit

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

- --part1_8f.20b2f477.2a8f0670_boundary
Content-Type: text/html; charset="US-ASCII"
Content-Transfer-Encoding: 7bit

<HTML>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</HTML>

- --part1_8f.20b2f477.2a8f0670_boundary--

- -
- -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.