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To: Lynn Goodman who wrote (33533)10/18/2000 7:09:10 PM
From: J Gunn  Respond to of 42787
 
A classic example of the cup and handle pattern,imo, was the breakout of APWR Friday. Up 43%. Unfortunately, I agree they are rare. But I found it (didn't play it, too scared of the overall market) using IBD's Daily Graph Report of Stocks Approaching or at a new high. It really helps, I think, to make sure that the sector is in favor also.



To: Lynn Goodman who wrote (33533)10/18/2000 7:12:22 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
honestly, i rarely use patterns.. no pattern will be 100% like the book.

to conquer this ambiguity and "guessing" game, i use indicators as indicators.

hope it helps. even trendlines are ambigious when the trend is just starting... so much to draw trendlines after the fact -gggg-



To: Lynn Goodman who wrote (33533)10/18/2000 9:03:12 PM
From: Casaubon  Read Replies (1) | Respond to of 42787
 
It's next to impossible to time it right unless you plan ahead and watch it as it happens. You must find stocks which are "setting up" the pattern and be ready to pull the trigger asit occurs. No hesitation. I'm in cash a lot.

Edit: It took two years to learn. Practice.