Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] CSTR CVH Failed breakouts Post Analysis
Date: Tue, 10 Sep 2002 00:24:34 EDT
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Kelly:
I'm not sure what a "quad" is (whether it's a good or a bad thing), but
SBUX in the last 5-6 day on a daily chart, shows a beautiful example, I
believe, of what Katherine refers to as a wedging handle (ie, rising handle
pattern on low volume)-which, as she points out, many times leads to failure
in the stock.
This is also a nice example of the 9/10 Investors Corner's discussion of
how failing patterns in individual charts (actually, I believe IBD mentions
"failing BOs", but I would use this chart for a legitimate proxy of the
failure of the chart's BO) can presage the weakening of the market.
jans
In a message dated 9/9/2002 10:15:51 AM Eastern Daylight Time,
kelly.short@fw.us.neoris.com writes:
<< What a great service! I can't believe it's free. I also can't believe it's
not butter! (Whew! Did SBUX give me a quad this morning?) >>
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