Cup w/ Handles

[skiracer]

[quote=IIC;90852]Here's one from our list yesterday...cup was not ideally rounded...but it did sort of have a double bottom thing going on altho the right side bottom was a bit low %-wise

really nice looking chart doug. it looks to be getting ready to make it's move. if the markets cooperate this one could turn out to be a beauty. yesterdays candle seems to be indicating that it is going off. the best part about this is that no one is shoving anything down anyones throat. The charts and the discussion have been pretty good of late and hopefully it will grow with new interest and dialogue. since the cup and handle thread is yours it seems it is the best place to post these charts and talk about the setups.

[jae16]

I think I have found a stock screening formula that can find a high number of stocks that could possibly be forming the right sides of their cups, or atleast in their base period towards the bottom, with good financials also...

I want to research these a bit more but I will post the formula here in a bit, and let me know what you guys think... But the first 5 or so stocks on the list that I have looked at appear to be promising...

PS. do you guys want me to post this stuff here? Or make a new post?

[IIC]

I think I have found a stock screening formula that can find a high number of stocks that could possibly be forming the right sides of their cups, or atleast in their base period towards the bottom, with good financials also...

I want to research these a bit more but I will post the formula here in a bit, and let me know what you guys think... But the first 5 or so stocks on the list that I have looked at appear to be promising...

PS. do you guys want me to post this stuff here? Or make a new post?

Please post it here...thx...Doug

[skiracer]

I think I have found a stock screening formula that can find a high number of stocks that could possibly be forming the right sides of their cups, or atleast in their base period towards the bottom, with good financials also...

I want to research these a bit more but I will post the formula here in a bit, and let me know what you guys think... But the first 5 or so stocks on the list that I have looked at appear to be promising...

PS. do you guys want me to post this stuff here? Or make a new post?

I personally am intrigued by the prospects of this and want you to spare us the initial lead in and post the screening formula and the stocks as soon as you can please.

[billyjoe]

Jae,
I see at least 4 possible thread titles :

1. Anticipating the Base Bottom

2. Anticipating the Cup

3. Anticipating the Handle

4. Probability of Success in Anticipating the Cup Base, the Cup, and the Handle in Cup w/ Handle Charts

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

[billyjoe]

Ski,
Would you say a pattern such as WIRE would be anticipating a cup formation or is it too flat for an extended period of time? Thanks

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

[skiracer]

Ski,
Would you say a pattern such as WIRE would be anticipating a cup formation or is it too flat for an extended period of time? Thanks

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

Billyjoe,
I looked at it as starting in October and running to the present. I think the chances of it forming the right side and finishing off the cup base are high and better than not. It's a low risk high reward situation. At least 6/7 to 1.
If you go all the way back to Aug., depending on how you have your chart parameters set up, that first drop or partial cup or beginning of a cup doesn't count with me. To me that's the rise before the drop as stated in the definition. Maybe not a full 30% but decent. This is not a full cup base anyway. I never called it that. To me it's a 52 wk. low that is exhibiting characteristics that are leading me to think that it will make the right side of it's cup. It just happens to have a uniformly U shaped slope leading into the 52 wk. bottom.
It already has 3 months into the pattern. I would expect that the right side would take at least another 2 to 3 months to make the right side. I don't want it to break what uniformity it has going now. I would like to see it make the right side exactly as it did the left side except going up. Made up of trends up and short pullbacks accompanied by trends up etc... I certainly don't see it as being to flat or lengthy.

[jae16]

Ok well again as I said... I need to fine-tune this little stockscreen that I have came up with...

In exchange for posting this, I was hoping you guys could post some additional improvements to the screen in terms of additional fundamental analysis...

Ok well here is what I got so far... it is putting out about 40 stocks at this time, and depending on how I change the numbers I can get more or less and in varying stages of their cup formations...

EPS Growth YR Over YR > 35%
Last Price > .5 x 52 week high < .7 x 52 week high
Last fiscal EPS > .5
ROE 5 yr Avg > 5
Return on assest and return on equity (increased in the last year)
% Change in last month < -10% (this helps to find those forming left side of cup)

well thats it for now... I am working to improve this...

[IIC]

Ok well again as I said... I need to fine-tune this little stockscreen that I have came up with...

In exchange for posting this, I was hoping you guys could post some additional improvements to the screen in terms of additional fundamental analysis...

Ok well here is what I got so far... it is putting out about 40 stocks at this time, and depending on how I change the numbers I can get more or less and in varying stages of their cup formations...

EPS Growth YR Over YR > 35%
Last Price > .5 x 52 week high < .7 x 52 week high
Last fiscal EPS > .5
ROE 5 yr Avg > 5
Return on assest and return on equity (increased in the last year)
% Change in last month < -10% (this helps to find those forming left side of cup)

well thats it for now... I am working to improve this...

Where do you run this scan?

I'm not sure what you are looking for based on your parameters???

[Rob]

Fdg

FDG: a little sloppy perhaps but I do see a cup+handle formation there.

[jae16]

Ok well again as I said... I need to fine-tune this little stockscreen that I have came up with...

In exchange for posting this, I was hoping you guys could post some additional improvements to the screen in terms of additional fundamental analysis...

Ok well here is what I got so far... it is putting out about 40 stocks at this time, and depending on how I change the numbers I can get more or less and in varying stages of their cup formations...

EPS Growth YR Over YR > 35%
Last Price > .5 x 52 week high < .7 x 52 week high
Last fiscal EPS > .5
ROE 5 yr Avg > 5
Return on assest and return on equity (increased in the last year)
% Change in last month < -10% (this helps to find those forming left side of cup)

well thats it for now... I am working to improve this...

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

[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.

[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]

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.

[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)