by Aspellian » Fri Jul 04, 2008 12:25 am
Hi MM bro,
I will like to seek your advice on the following CANSLIM questions:
1) is it possible for formation of cup and handle in a bear market / turbulent market? and if so, do we still follow the signs or its less effective?
2) in a bear market scenario, most stocks that meet "CAN" will have fallen off their peak and drifted down. even when a cup handle is formed, the breakout will not be a "new high" so there's great resistence. does it mean that CANSLIM does not work well in such a bear environment?
- assume that in both scenario that market tide turns for a rebound of share price and "M" is fulfilled within a bear market.
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