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Hi richtan & ristaker, sori & no offence huh. Sm pple said ShareJunction's a cheapo website 2 view cos free website mah needn't 2 pay. But I myself really dun think so lor... Those outside pple'll laugh @ us if we fights against each other. But, wat do u think if we hand in hand 2gether? & make money 2gether? Wat'll outside pple c us aft dat? Find 1 day we arrange karaoke session wat u all think... Ask all our ShareJunction users along... Hehehehe... Of cos lah, go dutch lah...
richtan ( Date: 15-Oct-2009 22:23) Posted:
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Wah lau, at least I am quits at 88 cents, maybe $10 to $20 for my lunch today.
thats why charts are lagging indicators :)
Bintang ( Date: 16-Oct-2009 08:43) Posted:
Short n sharp , a very good post .
iPunter ( Date: 15-Oct-2009 23:37) Posted:
Cups and handles can't do anything to the price...
But the price can do something to the chart pattern...
It will be seen only after the event...
ie. whether it will break upward or downward, nobody can tell...
People can tell it only after the event.... 
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Short n sharp , a very good post .
iPunter ( Date: 15-Oct-2009 23:37) Posted:
Cups and handles can't do anything to the price...
But the price can do something to the chart pattern...
It will be seen only after the event...
ie. whether it will break upward or downward, nobody can tell...
People can tell it only after the event....
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Ah yat or No signboard seafood la :P
iPunter ( Date: 15-Oct-2009 21:39) Posted:
| Take profit and head for Tung Lok?... hehehe...
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Good point!
iPunter ( Date: 15-Oct-2009 23:37) Posted:
Cups and handles can't do anything to the price...
But the price can do something to the chart pattern...
It will be seen only after the event...
ie. whether it will break upward or downward, nobody can tell...
People can tell it only after the event....
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Cups and handles can't do anything to the price...
But the price can do something to the chart pattern...
It will be seen only after the event...
ie.
whether it will break upward or downward, nobody can tell...
People can tell it
only after the event....
http://midas.listedcompany.com/newsroom/20091015_124911_5EN_3AF85A2A7B696E7E482576500019D070.1.pdf dont understand how come with this win it is still below 90 cents, all these coffee cups and big ear lobe handles does nothing to the price....patience they keep saying, another profitaking round it will hit 83 cents again despite all these wins ! bah !
Midas gets many contracts awards but this fella instead get many Nobel "THICK SKIN" dishonourable "Cowhide medal" award, hehehe....
richtan ( Date: 15-Oct-2009 15:26) Posted:
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U MUST BE EXTREMELY THICK THICK THICK SKIN LEH, thicker than a cowhide!!!
Be a man LAH (oops, maybe u are not a man, a lady) or lady of honour and integrity to gain ppl's respect
richtan ( Date: 14-Oct-2009 12:23) Posted:
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Hello,
Where is your integrity, man, u mentioned u will not comment anymore on Midas n now u eat your own words n back here again to comments, see your earlier post below:
 x 0
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dont worry will never comment on this midas ever. bye |
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risktaker ( Date: 15-Oct-2009 19:47) Posted:
then happy getting stuck again :)
niuyear ( Date: 15-Oct-2009 17:43) Posted:
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Different people have different opinions / versions on the same matter. |
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Take profit and head for Tung Lok?... hehehe...
Sori huh... No offence...
4 me, I juz experienced dat Midas cld only climb below 0.90 / 0.905...
Best price buying shd b 0.82.
Like Ausgroup, once hit 0.745 / 0.75... Alot of pple'll take profit & run...
One thing to notice in chart pattern discussions is that a chart's pattern is obvious only after the pattern is formed... ie after the event.
Before the completion of a chart's pattern, the chart 'reader' needs to exercise a certain measure of his/her imagination to 'complete' the pattern...
And this is where the difficulty arises... namely, will his 'imagination' come true or not?
The answer can only be known
after the event... ie after the chart's yet unformed pattern has occurred.
To act after a breakout has occurred is often too late for meaty profits...
then happy getting stuck again :)
niuyear ( Date: 15-Oct-2009 17:43) Posted:
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Different people have different opinions / versions on the same matter.
risktaker ( Date: 15-Oct-2009 17:11) Posted:
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| Cup with Handle Bullish Chart Pattern |
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Implication
A
Cup with Handle is considered to be a bullish signal.
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Description
Cups with Handles are similar in appearance to Rounded Bottoms. Like rounded bottoms, the pattern includes an elongated U-shape. However, the pattern also includes a short period of consolidation of 1-2 weeks in duration, which tends to be downtrending. The pattern is similar in appearance to a coffee cup with a right-side handle, and indicates the potential for an uptrend.
Important Characteristics
Following are important characteristic to look for in a Cup and Handle.
Shape
The cup always precedes the handle. As the cup develops, the price pattern follows a gradual bowl shape. There should be an obvious bottom to the bowl; a v-shaped turn is not a good indicator.
The depth of the cup indicates the potential for a handle and subsequent breakout to develop. The cup should be fairly shallow.
The handle tends to be down sloping, and indicates a period of consolidation. Consolidation occurs when the price seems to bounce between an upper and lower price limit. You can track the down sloping angle of the handle by drawing trendlines across the upper and lower price limits. If the price ascends outside of the trendlines, then it has the potential for breakout. If the price ascends beyond the upper, right side of the cup, then the pattern is confirmed, particularly if it is accompanied with a sharp increase in volume.
Volume
Volume tends to parallel the price pattern. Consequently, during the cup formation, as price descends, volume tends to decrease. Following a period of relative inactivity (at the bottom of the cup), the price pattern starts an upward turn and volume tends to increase.
During the handle formation, the volume decreases. However, you will notice an increase in volume when the price breaks out beyond the right side of the cup.
Duration of the Cup and Handle
Rounded Bottoms are long-term patterns. Martin J. Pring identifies that the pattern can occur over a period of about 3 weeks, but can also be observed over several years.
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Trading Considerations
Duration of the Pattern
Like Rounded Bottoms, the Cup with Handle is a long-term pattern. According to O'Neil, the cup duration is between 7 to 65 weeks. According to Gregory Khun, the cup "is usually three to six months in duration but can be as long as 12 months during bear markets or as short as seven weeks during bull markets." The handle usually develops in 1-2 weeks.
Target Price
Understandably, investors like to buy at the lowest possible price. Ideally, investors would buy at the bottom of the cup formation. However, by the time the handle formation begins to develop, investors must gauge their level of risk. There is no surefire way to predict when the lowest point will occur, and there is a possibility that the pattern will fail, and breakout in a downtrend.
Some technical analysts believe that the best time to buy is after the handle begins to ascend. According to Rick Martinelli and Barry Hyman, O'Neil "recommends buying stocks only as they break out of the cup-with-handle to new highs". Khun suggests a more aggressive method of buying stocks. He suggests that "experienced traders can buy in increments in anticipation of a breakout, but it's tricky."
The handle will often slope downwards initially, however, watch for the price to breakout beyond the price at the right side of the cup. The depth of the cup from the right side is an indicator for the potential price increase. However, Bulkowski notes, "Many cups fail after rising only 10% to 15%. Be sure to use stop-loss orders to limit losses or to maximize gains".
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Criteria that Supports
Volume
Volume tends to parallel the price formation. During the handle formation, watch for the price and volume to increase. An increase in volume is an indication that the pattern has potential to continue the uptrend, and ascend beyond the right side of the cup.
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Criteria that Refutes
V-shape
There are v-shaped patterns that yield successful returns, however, during the cup formation, watch for a rounded shape because the rounded shape provides a more reliable and predictable formation.
Down sloping handles
The handle will tend to be down sloping, however the following criteria indicate a potential failure:
- the handle should not drop below the top half of the cup formation
- the price should not drop below the 200 day Moving Average
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
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Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.
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Cup: The
cup should be "U" shaped
and resemble a bowl or rounding bottom. A "V" shaped bottom would be considered too sharp of a reversal to qualify. The softer "U" shape ensures that the
cup is a consolidation pattern with valid
support at the bottom of the "U". The perfect pattern would have equal highs on both sides of the
cup, but this is not always the case.
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Cup Depth: Ideally, the depth of the
cup should retrace 1/3 or less of the previous advance. However, with volatile markets
and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which is conforms with
Dow Theory.
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Handle: After the high forms on the right side of the
cup, there is a pullback that forms the h
andle. Sometimes this h
andle resembles a
flag or pennant that slopes downward, other times just a short pullback. The h
andle represents the final consolidation/pullback before the big breakout
and can retrace up to 1/3 of the
cup's advance, but usually not more. The smaller the retracement is, the more bullish the formation
and significant the breakout. Sometimes it is prudent to wait for a break above the
resistance line established by the highs of the
cup.
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Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks.
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Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
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Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
As with most chart patterns, it is more important to capture the essence of the pattern than the particulars. The cup is a bowl-shaped consolidation and the handle is a short pullback followed by a breakout with expanding volume. A cup retracement of 62% may not fit the pattern requirements, but a particular stock's pattern may still capture the essence of the Cup with Handle.
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Trend: EMC![[EMC]](http://stockcharts.com/images/minilink_sc.gif)
established the bull trend by advancing from 10
and change to above 30 in about 5 months. The stock peaked in March
and then began to pull back
and consolidate its large gains.
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Cup: The April decline was quite sharp, but the lows extended over a two month period to form the bowl that marked a consolidation period. Also note that support was found from the Feb-99 lows.
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Cup Depth: The low of the cup retraced 42% of the previous advance. After an advance in June and July, the stock peaked at 32.69 to complete the cup (red arrow).
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Handle: Another consolidation period began in July to start the handle formation. There was a sharp decline in August that caused the handle to retrace more than 1/3 of the cup's advance. However, there was a quick recovery and the stock traded back up within the normal handle boundaries within a week. I believe the essence of the formation remained valid after this sharp decline.
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Duration: The cup extended for about 3 months and the handle for about 1 1/2 months.
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Volume: In early Sept-00, the stock broke h
andle resistance with a gap up
and volume expansion (green arrow). In addition,
Chaikin Money Flow soared above +20%.
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Target: The projected advance after breakout was estimated at 9 points from the breakout around 32. EMC easily fulfilled this target over the next few months.
yongjp ( Date: 15-Oct-2009 17:43) Posted:
Hi RichTan,
What do you mean by cup? What significance does this have in terms of TA?
richtan ( Date: 15-Oct-2009 15:28) Posted:
Below is my long term chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Looking at that chart, women especially will think of cups in a different sense... hehehe...
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Multiple Timeframe Technical Analysis
Hi RichTan,
What do you mean by cup? What significance does this have in terms of TA?
richtan ( Date: 15-Oct-2009 15:28) Posted:
Below is my long term chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Different people have different opinions / versions on the same matter.
risktaker ( Date: 15-Oct-2009 17:11) Posted:
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:) you really think so ?
niuyear ( Date: 15-Oct-2009 17:04) Posted:
| A good stock can bring about a good dream. : |
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need to fight another day liao.. 90cts didnt break
