RE: [CANSLIM] Cup & Handle Duration

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Cup & Handle Duration
Date: Mon, 2 Jun 2003 09:39:28 -0500

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Hi Patrick & Matt,

I'd agree with Patrick on this one. O'Neil suggests you concentrate on the
most recent pattern formed and set the pivot accordingly.

For example, if you have a basing pattern that lasts more than 1 year, if
you look within it, you can almost guarantee there's another basing pattern
that is more recent. This is the more valid setup for determining the
pivot/buy point.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl
Sent: Monday, June 02, 2003 8:27 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Cup & Handle Duration

On 2 Jun 2003 at 9:03, Matt & Alicia Leverette wrote:

> I have noticed some web sites refering to cup durations of 2 - 3 years.
In the
> 2nd Edition of HTMMIS O'Neil says that cup patterns last from 7 - 65 weeks
with
> most being 3 - 6 months.
>
> I know people can use whatever duration they want, but I my question is
does Mr.
> O'Neil still hold to 7 - 65 week?  I would also like to hear some of your
> thoughts on this subject.

I don't know what O'Neil currently says,  I would think he has not changed
his views.  Personally I vote for the 3-6 month length as optimum.  Keep in
mind that a C&H pattern is a consolidation pattern of an up move, so 2-3
years seems to be something of a completely different nature.  Things are
probably different coming out of a bear market, you probably don't get the
previous up move prior to the C&H formation, but I think the length part is
still valid.

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