Cup w/ Handles

[billyjoe]

Doug,
I can't remember what time frame you use. CNE has a pretty decent 6 month chart.

---------billyjoe

[IIC]

Doug,
I can't remember what time frame you use. CNE has a pretty decent 6 month chart.

---------billyjoe

I jotted that one down...thx Billy...perhaps it will be on my new FREE Midweek EMAIL Update which debuts this week.

As you know, there are differing opinions as to what constitutes a CUP w/ HANDLE...I have my own opinion but I'm hardly going to restrict those I post to just the ones that I like.

On my site I put up links to some sites that describe what they think it is...But everyone has to decide for themselves.

I think I have the scan thing down pretty good on daily charts now...I would like to start looking at weekly charts for the pattern too...But from my resources, that is much more time consuming....We'll see.

Thx again for the input...Best, Doug(IIC)

[brd]

FYI...Our Cups w/ Handles are updated at http://SharpTraders.com

Please take a look and let us know which one(s) you like...thx...Doug(IIC)


PS...My personal fave so far is AIR

Of the ones there, my favorite is probably FMCN, though it's probably more a double-bottom with handle. It has W-shaped volume, and volume in the handle decreased until the buying started coming in late last week. It also had a feature story in IBD last weekend.

I wanted to point out that MR was noted as a c&h breakout by IBD in the monday edition. It is blackboxed in the IBD 100, also. They said that it is still within 2% of the buypoint. I like that it gapped up through the buypoint on heavy volume. I have not had luck buying their blackboxed stocks, but I bought some MR on Friday, so hopefully things will go well this time.

[IIC]

Of the ones there, my favorite is probably FMCN, though it's probably more a double-bottom with handle. It has W-shaped volume, and volume in the handle decreased until the buying started coming in late last week. It also had a feature story in IBD last weekend.

I wanted to point out that MR was noted as a c&h breakout by IBD in the monday edition. It is blackboxed in the IBD 100, also. They said that it is still within 2% of the buypoint. I like that it gapped up through the buypoint on heavy volume. I have not had luck buying their blackboxed stocks, but I bought some MR on Friday, so hopefully things will go well this time.

Great observations...FMCN came onto the IIC 100 on 2/20...Seems like a great plan...I see the Double Bottom you are talking about which caused it to not have our preferred "Rounded Bottom" in the cup(but we can live with that)...Since yesterday I've been trying to find a post at some forum I'm in(Can't recall which one about an up and coming competitor of FMCN...Can't remember where I saw it...But w/ 2bil+ people there is plenty of $$$ to go around)


MR is also on the IIC 100...It was also on our CwH list...I saw the gap...Darn...But I decided to wait...Looks like you are watching the right stocks...Best, Doug(IIC)

[IIC]

Not necessarily good or bad...and I was not around much of the day on Friday...But after the gap, MR didn't look that hot...Will the Monday IBD mention give it a boost???...I personally do not think so...I believe WON is living in LA LA land if he thinks a mention in IBD has any influence...But we'll see:

Here is a 5 min chart:

[IIC]

Looks like MR will open well

[IIC]

AIR f/p is 33.76...I'm already in on a light buy

[IIC]

Your FMCN looks good...but there is some resistance at 45

[IIC]

NAVI b/o today...I had taken it off the list tho because the handle is so long

[IIC]

Pretty much a "Yawner" today on this end

[IIC]

BMTI w/ long handle...f/p is 19.14

[IIC]

If FMCN can blow past 45 it could be clear sailing up to the flash point which is 45.46...

Good call brd


But I gotta run...later

[IIC]

It is on our list although hardly a "Classic" pattern...f/p was 14.11 (RGR)...now at 14.33

[IIC]

Too bad...had a lot of work to get done today so I didn't buy RGR...I see it closed at 14.70...not bad.

As I posted on my thread I did buy AIR...went to .01 over the flash point and pulled back...I'm down less than .30.

Also waited to see if FMCN would go thru the SAR resistance which was 45.00...Was right on time w/ that buy as it was just about to do it when I got out of the shower...Got in in the lo 45's...it went right up to the right side cup high and pulled back...However, I see I'm up almost .20 and the Parabolic SAR went to a Buy signal today.

Held on to CBEY that I bot on the b/o on Friday...didn't do anything today but I'm up over 1.15.

Did anyone else buy any on our list?

[IIC]

BTW...thx brd...your comments on FMCN were a major factor in my putting it on my "A" watchlist and following it so closely this morn...Doug