Cup w/ Handles

[IIC]

Doug,
Did enough cup w/ handles go up last week to make any $$ ?

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

Well..if you subscribed to my free email you'd know

[billyjoe]

Doug,
Did enough cup w/ handles go up last week to make any $$ ?

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

[IIC]

Please take a look at this week's Cups w/ Handles at

http://SharpTraders.com

Thx...Doug(IIC)

[IIC]

FYI...This week's Cups w/ Handles and Patterns Of Interest are updated at http://SharpTraders.com

Please take a look...Won't take you very long because there are not that many this week.

Thanks, Doug(IIC)

[IIC]

Geez...Not one post on this thread in a whole week...Did everyone give up?...These lists have been really great...for me anyway...since I started them in April. Requires patience though as some weeks there isn't much happening...like last week...I missed all the breakouts...Not that there were that many last week...but I did buy SWKS from the POI list...still has not broken out but I'm up some on eps and rev. guidance. Since not much was happening on last week's lists when I was available I made a couple of bux on some DT's.

FYI...This week's Cups w/ Handles and Patterns Of Interest are updated at http://SharpTraders.com

I also added some more USEFUL LINKS and an INDEX COMPONENTS page this weekend.

Please take a look.

Thx...Doug(IIC)

[IIC]

FYI...Our Cups w/ Handles and Patterns of Interest are updated for this week at http://SharpTraders.com

Please take a look...Thx, Doug(IIC)

[IIC]

ARGN...PAR SAR BUY SIGNAL...f/p is 20.01

[IIC]

SWIM got a PAR SAR Buy Signal today...f/p is 14.10

[IIC]

Top % movers on this week's CwH list: ABAX CNX WDR BLX ECA CPL BKE

[IIC]

Doug,
MPEL looks good but it stiffed me once so I'll probably not buy it. Bad karma.

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

As you may recall...My three STOCKS OF THE YEAR on 1/1/07 were in descending order:

MPEL
HMIN
CRNT

Never bot any of them although 2x I had limit orders in the 5's on CRNT that never got filled.

MPEL is on our list but as I recall there were some licensing issues...I never followed up to see the status and I have not read anything about it since maybe February.

[billyjoe]

Doug,
MPEL looks good but it stiffed me once so I'll probably not buy it. Bad karma.

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

[IIC]

I sent out an email alert on JOBS yesterday. It started down today but I waited till it went green today before I entered. Actually, I would have liked to have entered about 20 cents cheaper but with all this fire stuff going on I missed the move through 21.70's and 21.80's.

Here is the chart I emailed yesterday and below is a 5 minute chart of today's action:



5 min. Chart

[IIC]

OVEN is hot...f/p is 15.19

[IIC]

FYI...This week's Cups w/ Handles and Patterns of Interest Lists are updated at http://SharpTraders.com

I also added some links to our USEFUL LINKS page yesterday...Please take a look to see if any are of interest to you.

Thanks, Doug(IIC)

.

[IIC]

Doug,
I can't remember, is volume supposed to dry up as the handle is forming right before the breakout with great volume?

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

Ideally...according to legend...You would like to see lower volume as the handle forms and is sloping downward.

In FRM's case the handle was pretty sloppy.

But in PTT's case...althought it never made our CwH list because the left and right side cup highs were more than 5% apart...it also did not have particularly low volume in the handle.

But notice how the upside volume increased in the pivot window after a nice support point held(50sma).

I trimmed the second time at 9.26 because I was concerned that it may not b/o and that I would be away from my computer...On Thursday it blew it out...And of course on Friday, it opened well but like 98% of the stocks on my CwH and PoI lists it pulled way back...However, it is still above the f/p and I am still up over 14% on my remaining 25% stake. This will be a tough call for me though on Monday because I think this is a really good outfit...But I've learned many times over and over again...It rarely pays to fight the market...So we'll see what happens on Monday