Cup w/ Handles

[skiracer]

what i really love it how effortlessly and smoothly this thread has accepted setups and partial cups that are in some stage of making their right sides as viable trading patterns. i see where they are being mentioned more and more often of late and almost moreso than viable cup and handle patterns as the thread title suggests. i think it's great that you and others have come to accept a pattern that i have been trying to propogate here for quite some time. good work doug.

[IIC]

what i really love it how effortlessly and smoothly this thread has accepted setups and partial cups that are in some stage of making their right sides as viable trading patterns. i see where they are being mentioned more and more often of late and almost moreso than viable cup and handle patterns as the thread title suggests. i think it's great that you and others have come to accept a pattern that i have been trying to propogate here for quite some time. good work doug.

Well...they are all related...I actually just find a few by accident...I don't have a scan to actually look for them...I think you mentioned that you had a scan set up at stockcharts to try and find them.

[IIC]

Here's another one altho the pattern is a little bit raggedy:

[skiracer]

[quote=IIC;93542]Well...they are all related...I actually just find a few by accident...I don't have a scan to actually look for them...I think you

an easy way to start searching for them is to look for stocks that have hit 52 wk lows or stocks that have hit 52 wk lows about 2-3 wks ago. some of those will eventually begin or will have begun to turn up. i always look for the most uniform u shaped bases. you could write a scan for this type of chart pattern at stockcharts advanced scans. barchart.com has a pre-defined scan for 52 wk. lows.

[IIC]

My DVR jumped an hour ahead this morning for the old Daylight Savings so I got up an hour early and didn't realize it for a while...Anyway...at least our Cups w/ Handles and Patterns of Interest are available an hour earlier than usual...Please take a look at http://SharpTraders.com

Thx...Doug(IIC)



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[IIC]

Ski...take a look at ISIL...The 20ema is holding on the right side:

[IIC]

Good News...There are more Cups w/ Handles forming...In fact, this week we have the most listed since last December 16th...No where near the number we had early last summer...up to 120...but it is nice to see the number increasing.

Don't forget to look at the Patterns of Interest too below the CwH's at http://SharpTraders.com ...Oftentimes some of those are actually better stocks.

Thanks, Doug(IIC)

[billyjoe]

Doug,
I believe cup is forming on DAR. A nice chart but some would say it's not a long enough base, but nearing 7 week mark.

---------------billy

[IIC]

Doug,
I believe cup is forming on DAR. A nice chart but some would say it's not a long enough base, but nearing 7 week mark.

---------------billy

Good eye Billy:

[skiracer]

[quote=IIC;93778]Ski...take a look at ISIL...The 20ema is holding on the right side:

been meaning to take a look at isil. sorry i haven't gotten to it yet. will do so as soon as possilble to give some realistic thoughts.

[IIC]

[quote=skiracer;93835]

Ski...take a look at ISIL...The 20ema is holding on the right side:

been meaning to take a look at isil. sorry i haven't gotten to it yet. will do so as soon as possilble to give some realistic thoughts.

I just happened across it...Really don't see that many in my CwH scans...I was playing around with what you said about 52 week lows...But I was thinking that since the CwH is considered a continuation pattern that maybe 40 or 50 day lows might turn up more prospects???...But I have not spent that much time on it yet.

However, I've been fooling around w/ triangle patterns...Remember the ROBB w/ 2 B's that was here for a while?...He seemed good at finding them.

Here is a nice descending triangle...I think:

[IIC]

Still reviewing charts...But I'm noticing that quite a few stocks left the station w/o forming handles

[IIC]

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

There are not as many this week but almost 50% of the CwH's and PoI's either broke out or at least went above their Flash Points last week.

Please take a look.

Thanks, Doug(IIC)

[IIC]

CYD breakout

Some Flash Points from this week's list:

DTV 26.88
RBA 84.05
CRXL 19.35
CMZ 12.32 See the CwH on a weekly chart

[IIC]

Not the prettiest cup I ever saw but it does seem to be forming the right side: