Cup w/ Handles

[spikefader]

Do you think it goes lower than 50 dma?

I think it has potential to, yes. I'd rather short it here and risk a stop over the C than take it long. I think the risk/reward favors the short side until it breaks out to the contrary.

[skiracer]

Ski,
It looks like classic, one you don't come across every day. Good luck.

-------------billyjoe

It does look nice but a little steep in the slope of the handle but still works for me. What I really like about it is the price. Cheap and easy to load up on. Are you looking at it for a play? I think it could drop a bit farther depending on market direction Monday but it is getting close to make or break.

[billyjoe]

Ski,
It looks like classic, one you don't come across every day. Good luck.

-------------billyjoe

[skiracer]

I don't think it goes farther than the 50 dma at 5.02 range and then comes out of the handle. Sitting right on the 61% fib line now just between the 61% and 50 % fib lines and the 50 dma. Do you think it goes lower than 50 dma?

[spikefader]

[skiracer]

I like this stock and pattern. Looks like it is getting ready to come out of it's handle. Nice looking pattern.

[IIC]

FYI...This week's Cup w/ Handle and Patterns of Interest are updated at http://SharpTraders.com

Please take a second to look...Thx...Doug(IIC)




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[IIC]

Wow ...50% of this week's Cups w/ Handles broke out

[IIC]

What do you guys think of EVCI? Looks to be in at the bottom of the base right now, if it is indeed a CwH.

Now it is wait and see if the cup continues to form...Doug(IIC)

[skiracer]

What do you guys think of EVCI? Looks to be in at the bottom of the base right now, if it is indeed a CwH.

I think you can find plenty of better ones at this stage, which might be a bit early yet, and that are much more uniform in forming their cup bases. But don't be disuaded from continuing your search for these.
I think that Webs pick this week is more to what I am looking for in these early cup base patterns. WIRE and GEHL initially were very nice but over the last couple of days have become in my eyes busted patterns as they have gotten away from the uniformity that I am looking for in this type pattern. Also I think the price is to low for me.

[stojakapimp]

Evci

What do you guys think of EVCI? Looks to be in at the bottom of the base right now, if it is indeed a CwH.

[IIC]

FYI...this week's CwH's and PoI's are updated at http://SharpTraders.com

Please take a look...It won't take you long because there are not many there.

Best, Doug(IIC)

[IIC]

Well I use msn money power screener to identify the stocks which meet the previously mentioned criteria... however, I have no effective method of analyzing the charts rapidly...

Which service are you using to view them in such high volumes?

Well...I run scans from my own database...I run scans at Stockfetcher.com and a few other places...Once I've run a scan I put them in a Stockcharts folder and look at them in a candleglance view-1yr. With a 22" monitor they show up 30 to a page.

Some scans show the results vertically...For a stockcharts folder I need to paste them horizontally...If I need to convert the list to horizontal I simply paste the vertical list into the List Converter I have on my site. The list converter was developed by our own Rob. He graciously allowed me to post it on my site. You can convert up to 1,000 ticker symbols at a time.

Below the List Converter I also have a link to another Converter...You can convert at least 10,000 symbols at a time if you need to on that one.

Both converters also allow you to convert horizontal lists to vertical.

[jae16]

I understood that...But where do you run the scan w/ the parameters you've chosen?

I think it is great that you have added some fundamental criteria...The CwH lists I post are the result of various scans I run from different sources...Some scans have some basic fundamental criteria and some don't.

When I run my scans from my database or somewhere else I paste them into a temp. Stockcharts folder and view them at 1 year, daily, 30 up...allows me to view about 250 charts in 15 mins or less...Then I look at those I found of interest a little more closely.

Well I use msn money power screener to identify the stocks which meet the previously mentioned criteria... however, I have no effective method of analyzing the charts rapidly...

Which service are you using to view them in such high volumes?

[IIC]

I meant to say this helps to find those forming the right side of their cups...

I understood that...But where do you run the scan w/ the parameters you've chosen?

I think it is great that you have added some fundamental criteria...The CwH lists I post are the result of various scans I run from different sources...Some scans have some basic fundamental criteria and some don't.

When I run my scans from my database or somewhere else I paste them into a temp. Stockcharts folder and view them at 1 year, daily, 30 up...allows me to view about 250 charts in 15 mins or less...Then I look at those I found of interest a little more closely.