Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
Date: Tue, 8 Jan 2002 21:57:10 -0500
Next Article (by Date): Re: [CANSLIM] Bulkowski re: patterns besides C&H "david frank"
Top of Thread: Re: [CANSLIM] Bulkowski re: patterns besides C&H "david frank"
Next in Thread: Re: [CANSLIM] Bulkowski re: patterns besides C&H "david frank"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0051_01C1988F.6BDC9CD0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
You did fine, Katherine. I would only disagree with your comment that it =
follows the 50DMA. The 50 is the one I have noticed the most =
frequently, but that may be because DGO displays it. The best bet is to =
use a charting service like BigCharts that allows for variable time =
displays with different MA lines, and try a few till you find one that =
most closely fits that particular stock.
One of the keys to the "quality" of a LLUR (after it already =
demonstrates solid CANSLIM criteria for growth, RS, EPS, etc) is the =
degree of volatility. Less is better.=20
LLUR patterns can be used for both trading and investing. For trading, =
it's critical to accurately identify the upper and lower trend lines as =
they represent your short term exit and entry points. For investing, =
with a smooth LLUR, you can pick just about any point for entry. Your =
exit point is when the LLUR pattern changes, either with a big break out =
up or down, or when a down trend crosses the lower trend line.
Hope this helps,
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, January 08, 2002 6:09 PM
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
Hi Dave,
The "Encyclopedia of Chart Patterns" is the only one on the shelves =
just now. The new book "Trading Strategies" I believe is due any time. I =
have pre-ordered it, but who knows if it'll be any good!
LLUR is a list term which stands for "Lower Left Upper Right." At =
least, so far, it's not in any TA book. Tom will answer this question a =
little differently, but I see it as a stock in a long ascent which hugs =
the 50dMA very closely in a well defined trading range. I believe Tom =
says that it lasts a year or so. WON uses a term called "ascending base" =
that is similar, but shorter lived than the LLUR. When Tom posts this =
evening, I'm sure he'll explain further.
Katherine
----- Original Message -----=20
From: J. David Stem=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, January 08, 2002 5:09 PM
Subject: Re: [CANSLIM] Bulkowski re: patterns besides C&H
Katherine et al,
Which of the two Bulkowski books is best? I can't find them at the =
local=20
B&N and am going to order from Amazon.
By the way, I hate to ask, but what is LLUR? It's the one acronym =
that's=20
escaping me!
Dave
_________________________________________________________________
Chat with friends online, try MSN Messenger: =
http://messenger.msn.com
-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.
- ------=_NextPart_000_0051_01C1988F.6BDC9CD0
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2712.300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>You did fine, Katherine. I would only disagree =
with your=20
comment that it follows the 50DMA. The 50 is the one I have =
noticed the=20
most frequently, but that may be because DGO displays it. The best bet =
is to use=20
a charting service like BigCharts that allows for variable time displays =
with=20
different MA lines, and try a few till you find one that most closely =
fits that=20
particular stock.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>One of the keys to the "quality" of a LLUR =
(after it=20
already demonstrates solid CANSLIM criteria for growth, RS, EPS, etc) is =
the=20
degree of volatility. Less is better. </FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>LLUR patterns can be used for both trading and =
investing.=20
For trading, it's critical to accurately identify the upper and lower =
trend=20
lines as they represent your short term exit and entry points. For =
investing,=20
with a smooth LLUR, you can pick just about any point for entry. Your =
exit point=20
is when the LLUR pattern changes, either with a big break out up or =
down, or=20
when a down trend crosses the lower trend line.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Hope this helps,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, January 08, 2002 =
6:09=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Bulkowski re:=20
patterns besides C&H</DIV>
<DIV><BR></DIV>
<DIV>Hi Dave,</DIV>
<DIV> </DIV>
<DIV>The "Encyclopedia of Chart Patterns" is the only one on the =
shelves=20
just now. The new book "Trading Strategies" I believe is due any time. =
I have=20
pre-ordered it, but who knows if it'll be any good!</DIV>
<DIV> </DIV>
<DIV>LLUR is a list term which stands for "Lower Left Upper Right." At =
least,=20
so far, it's not in any TA book. Tom will answer this question a =
little=20
differently, but I see it as a stock in a long ascent which hugs the =
50dMA=20
very closely in a well defined trading range. I believe Tom says that =
it lasts=20
a year or so. WON uses a term called "ascending base" that is similar, =
but=20
shorter lived than the LLUR. When Tom posts this evening, I'm sure =
he'll=20
explain further.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Djdavidstem@msn.com href=3D"mailto:jdavidstem@msn.com">J. =
David=20
Stem</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, January 08, =
2002 5:09=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Bulkowski re:=20
patterns besides C&H</DIV>
<DIV><BR></DIV>Katherine et al,<BR><BR>Which of the two Bulkowski =
books is=20
best? I can't find them at the local <BR>B&N and am going =
to order=20
from Amazon.<BR><BR>By the way, I hate to ask, but what is =
LLUR? It's=20
the one acronym that's <BR>escaping=20
=
me!<BR><BR>Dave<BR><BR><BR><BR>__________________________________________=
_______________________<BR>Chat=20
with friends online, try MSN Messenger: <A=20
=
href=3D"http://messenger.msn.com">http://messenger.msn.com</A><BR><BR><BR=
>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0051_01C1988F.6BDC9CD0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Date): Re: [CANSLIM] Bulkowski re: patterns besides C&H "david frank"
Top of Thread: Re: [CANSLIM] Bulkowski re: patterns besides C&H "david frank"
Next in Thread: Re: [CANSLIM] Bulkowski re: patterns besides C&H "david frank"
Articles sorted by: [Date]
[Author]
[Subject]