Cup w/ Handles

[IIC]

This week's Cups w/ Handles and Patterns of Interest are updated...Still nothing like the heydays of mid '07 when we had over 100 of 'em...But I did notice a lot of right side cups forming...We'll see...Please take a look at http://SharpTraders.com Best, Doug

[IIC]

The Cups w/ Handles are back...The Cups w/ Handles are back http://sharptraders.com/_wsn/page7.html

[IIC]

This week's Cups w/ Handles and Patterns of Interest are updated at http://Sharptraders.com ...Please take a look...Thanks, Doug

[IIC]

This week's Cups w/ handles and Patterns of Interest are updated...Please take a look at http://SharpTraders.com
...Thx, Doug

[avmood]

I first read that pattern in How To Make Money In Stocks: A Winning System in Good Times or Bad. I never use this pattern though.

[IIC]

This week's Cups w/ Handles and Patterns of Interest are updated at http://SharpTraders.com

Interesting to note that although far from the number we had in our heyday each list has more than any other week since the beginning of September when the market rolled over.

Thanks, Doug

[IIC]

Whew!!!...We seem to be getting back to the old days...Quite a few Cups w/ Handles and Patterns of Interest this week... Please take a look at http://sharptraders.com/_wsn/page7.html
Best, Doug

[IIC]

This week's CwH's and PoI's are updated...Not as many as last week but still a decent number of 'em.

Please take a look at http://SharpTraders.com

Thanks, Doug

[Jimlakeside]

Cups with handles

Doug,

I am looking at DMND, INT, and CERN. Seems all three hare forming handles. What do you think? Thanks,

Jim

[skiracer]

Doug,

I am looking at DMND, INT, and CERN. Seems all three hare forming handles. What do you think? Thanks,

Jim

i looked at all three charts. on the daily charts i think dmnd is already past the handle point at 27 where it formed its initial handle and broke to the upside. it looks to be trying to reassert itself and there may be a play there at this point. the weekly has formed a double bottom base and it looks like it is starting a handle formation now. i would watch the weekly and wait it out a bit more.
Int never reached the top of its peak of the left side of its cup base at 35.81 range and looks to be forming a weak ascending or symetrical triangle on the daily. the weekly looks terrible and is right at resistance at it's 200 ma. i wouldnt touch it.
regarding cern neither the daily or the weekly are enticing to me. i would be looking for other cup bases that are more uniform and true to the definition. the weekly chart, which is more reliable to trade from is banging up against resistance at it's 200 ma. i dont see anything there that would make me want to trade it.

[Jimlakeside]

Doug,

Thanks for your insight on these charts as I am new to chart reading. Any information that I can get is helpful to me. I will re-look at each one and follow them just to see what happens. Thanks again.

[Jimlakeside]

"i think dmnd is already past the handle point at 27 where it formed its initial handle and broke to the upside. it looks to be trying to reassert itself and there may be a play there at this point. the weekly has formed a double bottom base and it looks like it is starting a handle formation now. i would watch the weekly and wait it out a bit more. i think dmnd is already past the handle point at 27 where it formed its initial handle and broke to the upside. it looks to be trying to reassert itself and there may be a play there at this point. the weekly has formed a double bottom base and it looks like it is starting a handle formation now. i would watch the weekly and wait it out a bit more."

It seemed to me that DMND's first handle was just a little low in the cup? Also I don't understand how the weekly and daily charts are different when deciding if a handle is forming. If you could explain that I would appreciate it.


"Int never reached the top of its peak of the left side of its cup base at 35.81 range and looks to be forming a weak ascending or symetrical triangle on the daily. the weekly looks terrible and is right at resistance at it's 200 ma. i wouldnt touch it."

Can you elaborate a little on this comment? Is the top of the peak on the left side of $44.57 what you are talking about. Are you saying that a proper cup will not form much below the old high of the stock?

"regarding cern neither the daily or the weekly are enticing to me. i would be looking for other cup bases that are more uniform and true to the definition. the weekly chart, which is more reliable to trade from is banging up against resistance at it's 200 ma. i dont see anything there that would make me want to trade it."

Thanks for the heads up on CERN, watching too much for cup patterns that I didn't notice that the majority of the cup formed below the 200-day moving average.

Doug, as you can tell from my comments that I am inexperienced in reading charts, so if I ask too many questions, just tell me to stop. Thanks for the help.

Jim

[skiracer]

"i think dmnd is already past the handle point at 27 where it formed its initial handle and broke to the upside. it looks to be trying to reassert itself and there may be a play there at this point. the weekly has formed a double bottom base and it looks like it is starting a handle formation now. i would watch the weekly and wait it out a bit more. i think dmnd is already past the handle point at 27 where it formed its initial handle and broke to the upside. it looks to be trying to reassert itself and there may be a play there at this point. the weekly has formed a double bottom base and it looks like it is starting a handle formation now. i would watch the weekly and wait it out a bit more."

It seemed to me that DMND's first handle was just a little low in the cup? Also I don't understand how the weekly and daily charts are different when deciding if a handle is forming. If you could explain that I would appreciate it.


"Int never reached the top of its peak of the left side of its cup base at 35.81 range and looks to be forming a weak ascending or symetrical triangle on the daily. the weekly looks terrible and is right at resistance at it's 200 ma. i wouldnt touch it."

Can you elaborate a little on this comment? Is the top of the peak on the left side of $44.57 what you are talking about. Are you saying that a proper cup will not form much below the old high of the stock?

"regarding cern neither the daily or the weekly are enticing to me. i would be looking for other cup bases that are more uniform and true to the definition. the weekly chart, which is more reliable to trade from is banging up against resistance at it's 200 ma. i dont see anything there that would make me want to trade it."

Thanks for the heads up on CERN, watching too much for cup patterns that I didn't notice that the majority of the cup formed below the 200-day moving average.

Doug, as you can tell from my comments that I am inexperienced in reading charts, so if I ask too many questions, just tell me to stop. Thanks for the help.

Jim

dont you see a difference in the charts between the daily and the weekly. they are two different charts of the same stock. the daily is always different from the weekly. different time frames are different charts of the same stock. and im not doug.

[Jimlakeside]

Skiracer,

Sorry for calling you Doug.

Yes, I do understand the difference between a weekly chart and a daily chart, but I an still not clear about how you would read them differently to determine a pivot point or buy point on DMND.

Jim

[IIC]

Hi Jim...The REAL DOUG here...I just got back from vacation yesterday and I've been trying to catch up answering emails, pms, forum posts etc...I'm not even halfway thru...I will look and try to answer this week...Sorry for the delay...Best, Doug