Re: [CANSLIM] Sidewall Breakouts

From: Davellil5@aol.com
Subject: Re: [CANSLIM] Sidewall Breakouts
Date: Sun, 29 Jun 2003 08:34:59 EDT

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Katherine, thanks for your response.

I wasn't talking about cups with low handles.  A report on that came out a 
couple of years ago, pointing out opportunities for gain when handles form even 
lower than the "2/3-up-from-bottom" criterion of the CANSLIM system.

I was referring to breakouts on high volume, sometimes up-gaps that occur 
along the right walls of cups -- without benefit of handles -- and sometimes do 
it repetitively while price climbs up the wall.  Admittedly, this is not a 
pattern studied by WON.  But my (unstatistical) observation indicates that this 
pattern offers an additional opportunity for gain, mainly perhaps in a 
recovering market as we now have.    

Purpose of calling this to CANSLIM-ers attention was to find out if any 
others have observed the same behavior and have thoughts on the possibilities.

Regards, Dave

B

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