Cup w/ Handles

[jae16]

I'm always looking for ones I don't find...Also looking for critques on the ones I do find.

I look at a MINIMUM 800 charts...but sometimes up to 2000 each weekend...And sometimes I look at more during the week when I have time.

I look at most charts DAILY 6 months or One Year.

I run the CwH scan at Stockfetcher.com...That gives me a few

I run some basic fundamental scans from my database...which you cannot do...I can just flip thru the charts Bamm Bamm Bamm

I run some scans via some other sites...I scan all of my own IIC 100 and the IBD 100 stocks...Of course I look at last week's lists...Put them in a Stockcharts.com folder and I can see the small 1 year charts 30 up...I jot down the interesting ones for a closer look.

If I'm still below 800 then I might look at the Naz 100 or some other index.

My problem is, I am having a tough time finding an efficient method of looking at a lot of stocks... do you just type the symbols in, or are you using a list?

[skiracer]

My problem is, I am having a tough time finding an efficient method of looking at a lot of stocks... do you just type the symbols in, or are you using a list?

If you were to subscribe to StockCharts you would be able to make up to 500 lists of stocks and their charts and it makes it very easy to flow through a large number of charts. But just because you look at a large number of charts quickly doesn't mean anything because you will invariably lose a high number of winning patterns in your haste. You could think in terms of what are the strong sectors and look at the top 10 stocks in each sector and what pattern or formations their charts are forming. If you are talking primarily of the technical side of analysis then you have to know what are the chart patterns that work best the highest percentage of times and to determine market trend. There is alot to know about that will cut alot of the chaff out of the wheat and will maximize your time spent in looking at only the charts that are worthwhile. It's alot of work and takes alot of time. You cannot just run through it. Good luck.

[IIC]

My problem is, I am having a tough time finding an efficient method of looking at a lot of stocks... do you just type the symbols in, or are you using a list?

Unfortuately I don't know of a free way to do it. Mostly I copy paste various lists into a stockcharts.com folder...then I can look at 30 small charts per page...later when I've narrowed my lists down I can look at larger charts.

[jae16]

If you were to subscribe to StockCharts you would be able to make up to 500 lists of stocks and their charts and it makes it very easy to flow through a large number of charts. But just because you look at a large number of charts quickly doesn't mean anything because you will invariably lose a high number of winning patterns in your haste. You could think in terms of what are the strong sectors and look at the top 10 stocks in each sector and what pattern or formations their charts are forming. If you are talking primarily of the technical side of analysis then you have to know what are the chart patterns that work best the highest percentage of times and to determine market trend. There is alot to know about that will cut alot of the chaff out of the wheat and will maximize your time spent in looking at only the charts that are worthwhile. It's alot of work and takes alot of time. You cannot just run through it. Good luck.

This is very good advice that I will certainly consider... I especially like the idea to look at the strongest indust. and look through their top stocks...

[skiracer]

This is very good advice that I will certainly consider... I especially like the idea to look at the strongest indust. and look through their top stocks...

You could also click on the link below for some decent dialogue on some of my favorite charts and patterns and see some good swing trades happening right before your eyes with the plan and discipline laid out real time as the trades are made.
Here is another good site for explanations of chart patterns from the guy who wrote the book on chart patterns. This is stuff you have to know and understand. http://thepatternsite.com/.

[IIC]

This is very good advice that I will certainly consider... I especially like the idea to look at the strongest indust. and look through their top stocks...

Where do you look for Industry Groups?...And what time frame are you looking for as far as group movement?

[skiracer]

http://www2.barchart.com I use BarCharts almost exclusively. Alot of stuff and all for free. Check out the list on the left side.

[IIC]

Here is another FREE one http://tal.marketgauge.com/PHSFree/P...e=PRV_PHSTODAY

Will give you either one day or 3 months for free

You can also poke around at these free sites:

http://biz.yahoo.com/ic/

http://www.bigcharts.com/custom/wsjie/industry/default.asp?bcind_ind=bc_top&bcind_period=3mo&mod=rt_marketdata

Of course you could pay for IBD groups...You'd get Daily and 6 month standings

There actually are quite a few places to get groups...although none of them are consistent...Too bad there is not a STANDARD for Sectors and Groups

[billyjoe]

Jae,
Another free source. Go to MSNmoney.com , click on investing, on the left under "find stocks" click on "categories". You'll see a drop down menu. Take it from there. It's a little vague with descriptions of categories but you'll find some overlap with barcharts for sure.It ranks stocks within each category.

Anyone else here go to MSN stockscouter? I use it as a source to develope lists and the past few weeks I can't get a list by rating number. For instance today it will say "page generated Jan.5, '08" and will give the time but nothing appears on the page. Any suggestions? Thanks

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

[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)

[jae16]

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)

SII... I got this off of IIC's cup and handle list... I think you guys should seriously put this on your watch list... It is a real clean cup that appears to be forming the handle... To top this off, they have great fundamentals...

IMHO, you should keep a watch out on this one...

[skiracer]

SII... I got this off of IIC's cup and handle list... I think you guys should seriously put this on your watch list... It is a real clean cup that appears to be forming the handle... To top this off, they have great fundamentals...

IMHO, you should keep a watch out on this one...

I think you have to read up on cup and handle base formations and look at alot more charts. I wouldn't call that a clean uniform cup base and you have to understand what the handle should look like and under what conditions it should take place. I wouldn't call this a good example and certainly not a classic example but it is not a bad example and there are alot worse I'm sure. There are hundreds of cup base patterns with handles forming out there. You just have to look for the good ones. It takes alot of time and searching for the good ones. If this one was a really good one, and it is not a bad example, Doug would certainly have posted it before you did being that it came off his list. But you are on the right track. You should be looking for the ones that have that nice uniform, not jagged, uniformly U shaped base culminating at the top of the right side with a handle that gently slopes downward on lessening volume. I like to see them where the handle and the volume slopes are almost parallel to one another. Check this site out for the correct definitions and illustrations of what the good ones look like. http://thepatternsite.com/. If you are trying to learn about all of this you might as well start off on the right foot.

[billyjoe]

Ski,
SII looks very good to me on the weekly, but had I seen the daily chart first it doesn't look so hot. What time period do you consider most important in viewing?

----------billyjoe

[IIC]

SII is just starting to form a handle...Only one day into it.

Let me make something clear...My CwH's may be in the Infant...Middle...or Late stage pattern formation...Have to decide for yourself which ones you want to watch:



The ones I mentioned to my email subscribers today that I personally put on my "A" Watchlist are FCN from the CwH list and IRIS from the PoI list.

Here are their charts:

Click Here 4 FCN and IRIS charts









.

[skiracer]

Ski,
SII looks very good to me on the weekly, but had I seen the daily chart first it doesn't look so hot. What time period do you consider most important in viewing?

----------billyjoe

Billyjoe,
I like the weekly much better than the daily although the daily isn't bad. I like them much more uniform.

Doug,
It's not a bad chart at all. And I wasn't knocking it. Abit jagged and the handle and volume are not the way I would like to see them but it's early in the handle and the cup is what it is. Didn't mean to insinuate that it wasn't a decent example just not as good as you can find them.