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MS: How short can a consolidation be and still be called a cup? The new PR software labels GOLD's most recent, 6 week long, consolidation a "cup". I understood that the minimum length of a cup was seven (7) weeks. Can you clarify this? Thanks. Brad.
The logic behind cup patterns in the Pattern Recognition software allows for 6 week cups since many of our historical models as well as Bill O'Neil's definition in the book "The Successful Investor" required a minimum of six weeks. Feel free to let us know if you have any further questions or you can consult the Pattern Recognition user manual here: http://www.marketsmith.com/special/MS_PatternRecManual.pdf
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