Cup w/ Handles

[IIC]

PKG breaking out...announces tomorrow I believe

[IIC]

Today's % CwH Leaders: RBN USNA PKG MIND PTNR....Today's % PoI Leaders: DISH CYCL SWKS WBD TTG

[IIC]

PTNR...Trying to b/o

BTW...I bot PTT at an avg. of 8.198 as I posted on my thread

[IIC]

CwH List % Gainers today: IBN STP LKQX RATE ...PoI List % Gainers Today: STLD DGIT WBD CCF CECE

[Rob]

[IIC]

IMCL tried to break yesterday...may just be a matter of time Rob.......Doug

[IIC]

Please check out this one:

[IIC]

Low Priced...Low Volume addition to our CwH List...PAE

[IIC]

PTT from our POI and IIC 100 lists looks good...Bounced off 50sma Friday too

I posted the above here on 10/15.

That night I sent out an email alert on it.

On 10/16/07 after a poor start it perked up and I went in fairly heavy.

Wish they could all be like this...lol...But this may give you an idea of the type I like to look for:

EPS last 4 qtrs: +44%
EPS last 2 qtrs +50%
EPS Projections next 2 qtrs +280%
EPS Projections next year +85%

RS according to my database is 97

Debuted on the IIC 100 on 5/14/07
Last week was #64
Next week it is #23

[IIC]

EDIT...I meant to say 20ema on the annotation when it hit 8.45...sorry

Next...here is one I bot on 9/19/07...as you can see my first trim was too early:

Latest EPS and Projections are thru the roof...However, most previous qtrs were negative.
This stock has had a fairly steady price increse for 2 1/2 years...
Closed up 9 of the last 10 weeks
Closed up 8 of the last 8 months

[billyjoe]

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

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

[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

[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]

OVEN is hot...f/p is 15.19

[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