Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] ANSI
Date: Thu, 22 Aug 2002 17:37:16 EDT
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Mike:
This is kind of late, but I'm just catching up on my Canslim mailbox.
In any event, the length of the handle (as Katherine has pointed out)
depends in many cases on the Market. For instance, in the go-go 90's many
stocks that broke out had no handle at all. And, as Katherine suggested, a
stock that seems as though it is strong, will falter on the handle.
For instance, as I inferred from Katherine's missive, if the market is
in a rally and the stock's handle keeps falling on high or 50DMA volume, then
the stock-even though it may had been strong when forming the cup-is not so
strong anymore.
jans
In a message dated 8/17/2002 4:14:52 AM Eastern Daylight Time,
mikegibbons@proactech.com writes:
<< Yes I saw the weekly chart, but when the handle is short, I think it's the
daily chart that's equally important. The behavior in the handle is very
important, as Tom has pointed out. While there would be debate that a two
week handle is necessary, as he suggests, everyone has their own personal
interpetation of the rules based on what works for them in their experience.
>>
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