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I feel a Visual Basic program would have the necessary flexibility to be able to
identify a "cup and handle" pattern. In Metastock I don't know of a way to do
this. This pattern has always fascinated me. Does anyone know the "rules" of the
pattern?
Thanks,
Don
Anybody believe in the "cup and handle" pattern yet?
More to the point, can anybody think of a way to computerize it?????
It would need to be independent of the vertical and horizontal scaling.
These things come in all sizes. How about a template pattern that the
computer would automatically re-dimension and step through a series of
sizes - checking each for correlation with your stock charts? Just
"slightly" beyond my programming abilities!
> ICCSA is looking pretty interesting. The yellow line is the former
all-time
> high - the stock just recently started breaking out.
>
> On the weekly chart you will note the tremendous swell in volume as it
comes
> up to it's former all-time high. It's formed a classic "cup-and-handle"
> basing pattern, as shown (roughly) by the purple curves. There's a
> cup-and-hande within the main cup, shown in cyan. A classic
self-replicating
> pattern.
>
> The daily chart focuses on the current "handle" formation. Arrows mark key
> accumulation days coming off dried-out volume lows. The volume pattern
shows
> the characteristic "ramping down" behavior on the pullbacks.
>
> All the signs are present for a big move to come.
>
> fwiw, phil
> http://www.patterntrader.com
>
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