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Strategies & Market Trends : LastShadow's Position Trading

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To: AlienTech who wrote (7035)	1/23/1999 6:14:00 PM
From: LastShadow	Read Replies (2) of 43080

Cup and Handle Alien, the Detroit Pistons are not in Baltimore, Canada, nor do they play in PSInet park. Ummm, just how long have you been living in southern California? I found the following online - I have not looked at the charts. Do some DD (John Kim is pretty good at verifying the c&h pattern, so maybe he can help here). What I get to look at I will post later. The Cup and Handle pattern popularized by William O'Neil. Over the past several weeks to several months these stocks have sold off, bottomed, risen back to the levels of the original sell off (the "cup"), and then retraced again slightly (the "handle"). This formation can often precede a stock rally. Although O'Neil's original work involved weekly charts, we have found that cup-and-handle patterns on daily charts also are effective and provide more frequent opportunities for active traders. The following list is based on daily bar charts. Special note: The cup and handle formation is a discretionary pattern with very loose rules. The following list is at best subjective and may or may not satisfy your personal criteria for the pattern. Also, please be aware that some of these stocks may be longer term "big picture" cup and handles which may not be obvious on the Quote.com chart. As of the close of 01/22/99 Symbol ADCT PCL PEP PNR POT PSS QCOM RFH RGFC RSLN RYN SOTR SUN SUP TEK TIN TRBO TRN TZH VYTL EDIT: I briefly scanned the charts, and only the following have potential IMO: ADCT PCL PNR - best choicebased on volume patterns POSS SUP TRBO TZH lastshadow

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