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More on Cup Chart Patterns in ChartSmart

Thursday, June 16, 2005

I have pasted a formula just below for the CUP and Handle.

(#92h50#>(1.15*#60H50#)).and.(#92h50#>#CLOSE#).AND.(#CLOSE#>(1.1*#60H50#)).AND.(#8WKC0#>#22WKC0#).AND.(#102WKC0#<#92H50#).AND.(#CLOSE#>#15WKC0#)

This formula looks back about 142 trading days (92+50 days) and then looks for a decrease in value over a period starting 60 trading days ago to 110 trading days ago. The decrease in value must be at least 15% of the highest value in a 50 day period from 110 trading days ago to 50 trading days ago. then the current close is compared to the same period and then the following weeks to determine if the stock has continued to increase in value but has still not reached the handle.

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More on Cup Chart Patterns in ChartSmart
Posted by chartsmart at 4:13 PM