RE: [CANSLIM] Not seeing it

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Not seeing it
Date: Thu, 12 Dec 2002 20:26:35 -0600

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Hi Robin,

Sometimes what is considered to be a "cup with handle" vs. a "flat base" is
simply the amount of correction the stock makes from the high to the low in
the base. In this case, it corrected more than 20%, so the "dip" to the low
makes it a "cup". I've uploaded an annotated chart so you can see the "long
skinny cup with handle" with more detail at:

http://WallStreet-LLC.com/canslim/QSII121202.JPG

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Robin Gridley
Sent: Thursday, December 12, 2002 6:06 PM
To: CANSLIM
Subject: [CANSLIM] Not seeing it


Okay... this seems to happen to me somewhat frequently
with IBD. I'm looking at Investor's Corner for today
at the chart and discussion of QSII. I'm sorry, but what
they're calling a "cup" I would never have identified
as one. looks like a flat, sideways moving base to me...
If I really try and find a Cw/H, I'd guess it starts in January,
the cup ends in May, and then drifts mostly sideways for
many months before breaking out.

I do see what they're calling the handle at 1, with
corresponding volume... but cup directly preceding it?

Is my chart reading that bad or do I just need not receive
the free special glasses with my subscription?

Robin

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