Cup w/ Handles

[skiracer]

Ski,
Let's look at this a moment, my friend. You called Doug a bad name--the same name Dr. Goebbels called Hitler's critics because Hitler decided to invade Russia. Dr. Goebbels was wrong, and those critics proved to be right: Germany bit off too much to chew by invading Russia, and it cost them the war. Therefore I am equating you with Dr. Goebbels. Dr. Goebbels was wrong, and you are wrong to call Doug names. He is a very, very skilled and knowledgeable trader. The man is a walking stock market encyclopedia. He is anything but dumb. Frankly I think the guy is amazing in his knowledge--and a good person. So I don't think he deserved any name calling.

As a friend, Ski, I'll tell you that my view is that you are a sharp trader, too; I read your posts and visit your charts at Stockcharts.com. I have to give you a lot of credit: you make money--lots of it--with your big investments.
I like reading your stuff.

But my criticism of you is this: 1. You take offense too easily. Don't let others "get your goat." You are so much more pleasant to be around when you aren't name calling. 2. You do very often take the opposite side of any argument, which makes us observers think that your agenda is not to help the other person, but rather to win an argument. People love and respect those who are trying to help them; but people resent those who are trying to show them up. If you would check your motives behind your posts, and ensure that they all fall under the category of "trying to help," I think you might be one of the most loved posters here, because you are a good and knowledgeable trader.

Ski, I am trying to post as a friend. I hope you won't take offense at me; I certainly have taken no offense at you.

I want to clarify a couple of things here to start. The first being that I don't consider you and doug friends and I have no desire to be friends with either one of you. I never mentioned anything derogatory about you or doug, his thread, or his analysis of cup and handle formations. I never started any name calling or any of this mess that has transpired as a result of doug losing control of his emotions. All I did was to offer my opinion in a simple and straightforward manner and it was all the truth. It was doug who lost control of his emotions and went off on me. Is doug above reproach and above being called out for his statements. It was you who took it upon himself to compare my response to doug as similar to Goebbels. Think about that for a moment and wherever it came from in your so called Christian mind. Patronize someone else with your bullshit about being a sharp trader. I know who and what I am and don't need either you or doug to acknowledge how sharp I am. I've brought as much as either one of you have to this forum if not more. doug may be a walking encyclopedia of stock market facts and other trivia but as far as I am ever going to be concerned he's a dumb shit and so are you. Neither one of you have ever impressed me with much of what you have to say or your technical analysis or trading abilities. I just want you both to clearly understand and know exactly how I feel about the both of you. I could care less if you, doug, or anyone else here likes me or what I have to say in response to their posts. Especially if what I say is the truth, non-derogatory, or something in response to a post like what doug stated about me.
I want you to go back and take a good close look at the circumstances and the posts that led up to all of this. If you sincerely believe that I am responsible for any of this crap because of my initial post to doug then I feel sorry for you and the way you perceive what you see in front of your eyes. I think you should go back and reread it all and perhaps pray on it for some enlightenment on what really took place. Maybe I'm the one who deserves the apology but I don't think either one of you are man enough to stand up and offer that.

[MickyMouse]

I rather doubt that Ski holds any animosity towards you...I think it was really directed at me...And it was well deserved...I went overboard...And for that I am sorry...
...Best, Doug

Maybe I'm the one who deserves the apology but I don't think either one of you are man enough to stand up and offer that.

Ski,

Doug IS man enough as I see it. And you have his apology. Hope this ends here.

Happy trading/investing.

Mickey.

[skiracer]

Ski,

Doug IS man enough as I see it. And you have his apology. Hope this ends here.

Happy trading/investing.

Mickey.

no problemo. accepted. I don't really believe that either you or nb are dumb shits. at the time and under the circumstances it just felt right to say it. I am also sorry and apologize to both you and nb and the rest of the forum.

[IIC]

Well...looks like it will be another thin CwH list this week...more and more handles have broken down the last 2 weeks. I also figure that when the market starts turning up it will take quite a while for us to see 100 CwH's in a week again.

Of course I don't look at every chart in the whole market. When I first started this in April I decided that I would look at a minimum of 800 charts each weekend...Between the ones that people send me and the scans I set up it has not been a problem to get well over 800 charts to look at... until this weekend.

Between all that I only came up w/ about 600. So, I decided to create another scan w/ no fundies and I came up with about 190 to look at and then I went and looked at all the charts in the Naz 100...Found a few that way.

I'll post when I put them all up...probably in about 1 1/2 hrs as I have some other stuff to do right now.

[IIC]

no problemo. accepted. I don't really believe that either you or nb are dumb shits. at the time and under the circumstances it just felt right to say it. I am also sorry and apologize to both you and nb and the rest of the forum.

Well...I started it and I didn't mean all those things either...As I said I went overboard and reflecting back I probably mis-interpreted what you were saying.

I'll try and keep my big mouth shut from now on and think before I fly off the handle.

The only problem now is that my wife is calling me a DS

[IIC]

Our Cups w/ Handles for this week are posted at

http://SharpTraders.com

Please take a look...thx...Doug(IIC)

[skiracer]

Well...I started it and I didn't mean all those things either...As I said I went overboard and reflecting back I probably mis-interpreted what you were saying.

I'll try and keep my big mouth shut from now on and think before I fly off the handle.

The only problem now is that my wife is calling me a DS

well that's my copyright phrase and she'll have to pay me the royalities for the use of it.

[IIC]

well that's my copyright phrase and she'll have to pay me the royalities for the use of it.

LOL

[billyjoe]

Doug,
As the number of cup w/handle formations dwindle do those remaining have a much less chance of being successful in your opinion?

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

[IIC]

Doug,
As the number of cup w/handle formations dwindle do those remaining have a much less chance of being successful in your opinion?

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

Well...When the overall market is in a downtrend I don't think we'll see a whole lot of breakouts...Or even worse is when we get a lot of failed breakouts.

Actually, I imagine we could see a low number of CwH's in a roaring bull market too as maybe many wouldn't pause to form a handle.

I have no real clue as to whether we are in a correction...(RUT is down almost 12%) or we will end up in a Bear Market which to me would be if we go down 20%+. I do believe we will see a lot more credit related problems but I'm not so sure that it is enough to last more than Intermediate term...I don't know.

I'm thinking about putting my options study to some use when I get back from vacation after Labor Day...But we'll see.

Meanwhile my trades will be very short term (What's new???)

[IIC]

PAYX doing well

[IIC]

PAYX doing well

Ended up being a nice one: (I did not buy it though 'cause I was busy today)

[IIC]

From our POI list BRMN looks interesting at 19.18

[riverbabe]

From our POI list BRMN looks interesting at 19.18

I think you mean Biomarin Pharmaceutical, BMRN. They report after the close today. River

[IIC]

I think you mean Biomarin Pharmaceutical, BMRN. They report after the close today. River

You are right...didn't know they report today...thx