Post feedSears Revisited
On a post dated back on 8/4, I called out SHLD as a potential Cup and Handle pattern as it started to turn up and looked to have established the handle of this mysterious pattern. It reached resistance a few days ago for those who traded this pattern up to resistance, but todays activity looks to have confirmed this cup and handle pattern which means the trend continues here. This is a longer term pattern signal, which would require a longer term strategy to capture it's $60 point move over time. Got patience?
Just looked at SHLD a few moments ago. WOW. Been waiting for this to happen.
Posted by
Anonymous |
10/10/2006 09:55:00 AM
Jeff,
I am seeing multiple cup and handle on this short term one if from Jun til Oct and longer one is from july '05 till Today and it got confirmed also. Shorter one has a 30 point move and longer one has a 60 point move.
I am in it and looking forward to it.
Good stuff
Mahmood
Posted by
Anonymous |
10/10/2006 11:33:00 AM
I am looking for an advanced technical book. Does anyone have any recomendations?
Thanks a lot!
Jen
Posted by
Anonymous |
10/10/2006 12:55:00 PM
I took the trade a couple days ago. Thanks for the validation.
Sarah
Posted by
Anonymous |
10/10/2006 02:17:00 PM
How is the projected move determined for a Cup & Handle formation? Is it the depth of the cup?
Thanks
John
Posted by
Anonymous |
10/11/2006 06:49:00 AM