Re: [CANSLIM] Cup & Handle Duration

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Cup & Handle Duration
Date: Mon, 02 Jun 2003 08:26:37 -0600

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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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