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Subject: Re: Weekend quiz
Author: SandyMack Date: 12/4/01 11:32 PM Number: 1870

Pardon an intrusion from a novice, but is that a classic cup 'n' handle I see there?

http://home.earthlink.net/~dbradford1/guess3.gif

Could be a confirmation of TAf's call...not necessarily the time frame, though, as handles come in all sizes.

Sandy


Good point, except the handle did not have a volume dry up, unless it has yet to come. The decline has exceeded the 50-60% pull-back range and the stock is below the 200dma (not for long, it appears!). Given these points O'Neil suggests that any CWH will likely fail.

I'm not a CWH'er so there may be other factors that would pump this up.

Here is a possible CWH forming along with a couple of notes:
http://home.earthlink.net/~dbradford1/CWHex.gif

Regards,
TAfool
(sorry Jeffo, no more non E&M posts, I swear!)

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