Cup w/ Handles

[IIC]

Cups w/ Handles and PoI's were updated earlier. Pls take a look http://sharptraders.com thx...Doug

[IIC]

This week's Cups w/ Handles and Patterns of Interest are updated...I've added a little treat for you...I put them all on the Finviz Screener to save you time:

http://sharptraders.com/_wsn/page7.html

Thanks, Doug

[IIC]

RT has caught my eye...thanks for the list....

hags

Thx...RT is interesting...But I cannot see how restaurants are doing any good???...Nobody is ever at those we used to have to make a rez 4...???

Best, Doug

[hags]

RT has caught my eye...thanks for the list....

hags

[IIC]

This week's Cups w/ Handles and Patterns of Interest are updated ...You will find them in the Table of Contents over to the left at http://SharpTraders.com

ARUN from last week's list...Actually we had more breakouts from the PoI list http://chart.ly/bf6tqp (scroll down)...thx, Doug

[IIC]

FYI...This week's Cups w/ Handles and Patterns of Interest are updated at http://sharptraders.com/_wsn/page7.html ...Thanks, Doug

[IIC]

This week's Cups w/ Handles and Patterns of Interest are posted if you would like to take a look at http://sharptraders.com/_wsn/page7.html
Thx...Doug

[IIC]

Nobody's criteria is "exactly" the same for the pattern...And it is pretty tough to find what I call a "Classic" Cup w/ Handle...Most of them have some little flaw or another...Doug

[IIC]

Doug,

I am looking at DMND, INT, and CERN. Seems all three hare forming handles. What do you think? Thanks,

Jim

Nice eye...I went back and checked...The thing I prefer tho is that the right and left side cup highs are within 5% of each other...Doug

[IIC]

This week's Cups w/ Handles and Patterns of interest are available:

http://sharptraders.com/_wsn/page7.html

Thx...Doug

[IIC]

I am almost caught up on emails after 2 weeks...sorry Jim...I will respond soon.

Anyway...Cups w/ handles...We have quite a few this week... Please take a look:

http://sharptraders.com/_wsn/page7.html

Thx, Doug

[IIC]

Hi Jim...The REAL DOUG here...I just got back from vacation yesterday and I've been trying to catch up answering emails, pms, forum posts etc...I'm not even halfway thru...I will look and try to answer this week...Sorry for the delay...Best, Doug

[Jimlakeside]

Skiracer,

Sorry for calling you Doug.

Yes, I do understand the difference between a weekly chart and a daily chart, but I an still not clear about how you would read them differently to determine a pivot point or buy point on DMND.

Jim

[skiracer]

"i think dmnd is already past the handle point at 27 where it formed its initial handle and broke to the upside. it looks to be trying to reassert itself and there may be a play there at this point. the weekly has formed a double bottom base and it looks like it is starting a handle formation now. i would watch the weekly and wait it out a bit more. i think dmnd is already past the handle point at 27 where it formed its initial handle and broke to the upside. it looks to be trying to reassert itself and there may be a play there at this point. the weekly has formed a double bottom base and it looks like it is starting a handle formation now. i would watch the weekly and wait it out a bit more."

It seemed to me that DMND's first handle was just a little low in the cup? Also I don't understand how the weekly and daily charts are different when deciding if a handle is forming. If you could explain that I would appreciate it.


"Int never reached the top of its peak of the left side of its cup base at 35.81 range and looks to be forming a weak ascending or symetrical triangle on the daily. the weekly looks terrible and is right at resistance at it's 200 ma. i wouldnt touch it."

Can you elaborate a little on this comment? Is the top of the peak on the left side of $44.57 what you are talking about. Are you saying that a proper cup will not form much below the old high of the stock?

"regarding cern neither the daily or the weekly are enticing to me. i would be looking for other cup bases that are more uniform and true to the definition. the weekly chart, which is more reliable to trade from is banging up against resistance at it's 200 ma. i dont see anything there that would make me want to trade it."

Thanks for the heads up on CERN, watching too much for cup patterns that I didn't notice that the majority of the cup formed below the 200-day moving average.

Doug, as you can tell from my comments that I am inexperienced in reading charts, so if I ask too many questions, just tell me to stop. Thanks for the help.

Jim

dont you see a difference in the charts between the daily and the weekly. they are two different charts of the same stock. the daily is always different from the weekly. different time frames are different charts of the same stock. and im not doug.

[Jimlakeside]

"i think dmnd is already past the handle point at 27 where it formed its initial handle and broke to the upside. it looks to be trying to reassert itself and there may be a play there at this point. the weekly has formed a double bottom base and it looks like it is starting a handle formation now. i would watch the weekly and wait it out a bit more. i think dmnd is already past the handle point at 27 where it formed its initial handle and broke to the upside. it looks to be trying to reassert itself and there may be a play there at this point. the weekly has formed a double bottom base and it looks like it is starting a handle formation now. i would watch the weekly and wait it out a bit more."

It seemed to me that DMND's first handle was just a little low in the cup? Also I don't understand how the weekly and daily charts are different when deciding if a handle is forming. If you could explain that I would appreciate it.


"Int never reached the top of its peak of the left side of its cup base at 35.81 range and looks to be forming a weak ascending or symetrical triangle on the daily. the weekly looks terrible and is right at resistance at it's 200 ma. i wouldnt touch it."

Can you elaborate a little on this comment? Is the top of the peak on the left side of $44.57 what you are talking about. Are you saying that a proper cup will not form much below the old high of the stock?

"regarding cern neither the daily or the weekly are enticing to me. i would be looking for other cup bases that are more uniform and true to the definition. the weekly chart, which is more reliable to trade from is banging up against resistance at it's 200 ma. i dont see anything there that would make me want to trade it."

Thanks for the heads up on CERN, watching too much for cup patterns that I didn't notice that the majority of the cup formed below the 200-day moving average.

Doug, as you can tell from my comments that I am inexperienced in reading charts, so if I ask too many questions, just tell me to stop. Thanks for the help.

Jim