Cup w/ Handles

[stojakapimp]

Evci

What do you guys think of EVCI? Looks to be in at the bottom of the base right now, if it is indeed a CwH.

[skiracer]

What do you guys think of EVCI? Looks to be in at the bottom of the base right now, if it is indeed a CwH.

I think you can find plenty of better ones at this stage, which might be a bit early yet, and that are much more uniform in forming their cup bases. But don't be disuaded from continuing your search for these.
I think that Webs pick this week is more to what I am looking for in these early cup base patterns. WIRE and GEHL initially were very nice but over the last couple of days have become in my eyes busted patterns as they have gotten away from the uniformity that I am looking for in this type pattern. Also I think the price is to low for me.

[IIC]

What do you guys think of EVCI? Looks to be in at the bottom of the base right now, if it is indeed a CwH.

Now it is wait and see if the cup continues to form...Doug(IIC)

[IIC]

Wow ...50% of this week's Cups w/ Handles broke out

[IIC]

FYI...This week's Cup w/ Handle and Patterns of Interest are updated at http://SharpTraders.com

Please take a second to look...Thx...Doug(IIC)




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[skiracer]

I like this stock and pattern. Looks like it is getting ready to come out of it's handle. Nice looking pattern.

[spikefader]

[skiracer]

I don't think it goes farther than the 50 dma at 5.02 range and then comes out of the handle. Sitting right on the 61% fib line now just between the 61% and 50 % fib lines and the 50 dma. Do you think it goes lower than 50 dma?

[billyjoe]

Ski,
It looks like classic, one you don't come across every day. Good luck.

-------------billyjoe

[skiracer]

Ski,
It looks like classic, one you don't come across every day. Good luck.

-------------billyjoe

It does look nice but a little steep in the slope of the handle but still works for me. What I really like about it is the price. Cheap and easy to load up on. Are you looking at it for a play? I think it could drop a bit farther depending on market direction Monday but it is getting close to make or break.

[spikefader]

Do you think it goes lower than 50 dma?

I think it has potential to, yes. I'd rather short it here and risk a stop over the C than take it long. I think the risk/reward favors the short side until it breaks out to the contrary.

[MEA_1956]

UGLY CUP or double bottom

CVTI === As this play folds out across the chart in the furture would you guys lable this a cup or a double bottom.
If a cup, the bottom is not well rounded, the pull backs make it look like it may fit but the vol. on the right side just isn't developing quit right. Marlin

[IIC]

CVTI === As this play folds out across the chart in the furture would you guys lable this a cup or a double bottom.
If a cup, the bottom is not well rounded, the pull backs make it look like it may fit but the vol. on the right side just isn't developing quit right. Marlin

No offense...And I think I know what you see...But I don't think it really meets either criteria

[MEA_1956]

jUST cHECKING

THANKS FOR YOUR INPUT IIC WILL KEEP LOOKING & LEARNING. mARLIN

[IIC]

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

Also...Besides the MACD Crossover B4 They Crossover calls I send to my email subscribers (We are 202 out of 212 within one trading week after 20 weeks) I added a new weekly feature in today's email...The Best of The IIC 100. I know everybody doesn't feel like looking at all 100 charts I post at Stockcharts.com
http://stockcharts.com/def/servlet/F...?obj=ID1659925 so I'm narrowing it down to the charts I think look most promising for the upcoming week.

This week I'll post them below but if you would like to receive the list every Sunday you can sign up for my FREE email updates by sending me an email at [email protected]

CEDC, CPHL, GTLS, INXI, KWK, LNN, LULU, MTW, NM, PKOH, SDTH, TISI, TLEO, VIP, VOCS, WX

On a final note... You may want to take a look at Monthly Charts of this week's IIC 100 at: http://technicaltrades.net/IIC100.monthly.patterns.html

Have a great week...I'm going to Vegas tonight and will be back Wednesday night...Doug(IIC)