Go to Jeff Salisbury LWGate Home Page.From: "Perry Stanfield" <mpstan@attbi.com>
Subject: Re: [CANSLIM] Opinions on KKD?
Date: Sun, 13 Jan 2002 22:37:14 -0800
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Lower Left Upper Right pattern, a term coined within this group. =
Basically a tightly trending chart without breaking out of its trend. =
A more thorough explanation will likely follow.
Wish I had a share of KKD for every time someone asked what a LLUR was. =
It's not exactly intuitive, is it?
Perry
----- Original Message -----=20
From: larry l worden=20
To: canslim@lists.xmission.com=20
Sent: Sunday, January 13, 2002 7:19 PM
Subject: Re: [CANSLIM] Opinions on KKD?
I give up. What is a LLUR chart pattern? thanks Larry
On Sun, 13 Jan 2002 15:16:56 -0600 "Katherine Malm" =
<kmalm@earthlink.net> writes:
Hi all,
Here's the summary page from the IBD seminar on analysis of tops. It =
shows the typical pattern of 1st, 2nd, 3rd stage bases before failure.
http://makeashorterlink.com/?U11123B4
I think jans pointed this out a minute ago, but be careful to =
distinguish between normal "wiggles" on the ascent up and a "true" base =
where the stock pauses, consolidates its prior up move and then breaks =
out to a fresh advance. Also remember that big corrections reset the =
base count.
Katherine
----- Original Message -----=20
From: Spencer48@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Sunday, January 13, 2002 2:28 PM
Subject: Re: [CANSLIM] Opinions on KKD?
Rolf:
I've had trouble identifying relevant bases in the stock's =
past because=20
I never understood that WON gave a precise definition of 3rd, 4th =
or 5th=20
stage bases. =20
According to Friday's 1/11/02 Investors Corner (which I'm =
basing my=20
analysis of KKD on), KKD is in the throes of its 3rd base (I =
suppose that one=20
can see weakness in the stock in this type of pattern- =
afterwards-because if=20
the stock is basing for the 3 or 4th time, then it will likely be =
an LLUR. =20
And-and as I understood Tom pointing out-once the LLUR changes =
it's angle, it=20
is likely topping out (this would make it consistent with WON's =
admonition to=20
avoid stocks with 4th or 5th stage bases). =20
=20
The salient passages of the Investors Corner article for me =
was this:=20
"... A stock need rise only 25% or more from its pivot to trigger =
a new-stage=20
base above it. As long as the new base doesn't undercut the lows =
of the prior=20
consolidation, add another checkmark to your list of bases. Few =
stocks ever=20
get to form late-stage bases. Only the best can break out of =
well-formed=20
bases again and again, stacking gains on top of gains."
My view of KKD and the bases it has formed comes from DG (the =
daily=20
version. I imagine that day bases would affect the stock more in =
the=20
short-term, and weekly bases would affect the stock more in the=20
intermediate-to-long term). Anyway, these are the bases that I =
see: 1st=20
Base: 10/23-11/1; 2nd Base: 11/20-1129; 3rd Base: Began 12/28. As =
far as=20
differentiating between "a sloppy base" and those that aren't, I =
don't know=20
how this can be done-except afterwards, and with a lot of =
subjectivity. I=20
must admit, though, the Investor Corner definition would make it =
appear that=20
long cups (with a right LLUR leg that leads to a right lip) would =
make the=20
Handle of this C&H suspect. So,then, one wonders if this means =
that an LLUR=20
which leads to the Handle of a Long Cup can be disregarded as =
pointing to a=20
potentially weak stock-if the LLUR has 3rd, 4th, or 5th stage =
bases (and, I=20
would think that nearly ALL LLURs are subject to these bases, =
which I would=20
call: Corrections or Retracements. Thus, when does a new base =
count begin: =20
When the stock has Broken Out of its Handle?
jans
In a message dated 1/13/2002 8:44:39 AM Eastern Standard Time,=20
rolfh@mindspring.com writes:
<< For my edification, could you tell me the period in which you =
see the 3
bases?
Depending on whether I look at 6 month, 1 year, or 2 year charts, =
I see
a variety of what I might call a base, some sloppy, some not.
=20
Thanks!
Rolf
>>
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<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Gill Sans MT">Lower Left Upper Right pattern, a term =
coined=20
within this group. Basically a tightly trending chart =
without=20
breaking out of its trend. A more thorough explanation will likely =
follow.</FONT></DIV>
<DIV><FONT face=3D"Gill Sans MT">Wish I had a share of KKD for every =
time someone=20
asked what a LLUR was. It's not exactly intuitive, is =
it?</FONT></DIV>
<DIV><FONT face=3D"Gill Sans MT"></FONT> </DIV>
<DIV><FONT face=3D"Gill Sans MT">Perry</FONT></DIV>
<DIV><FONT face=3D"Gill Sans MT"></FONT> </DIV>
<DIV><FONT face=3D"Gill Sans MT"></FONT> </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=3Dworden33@juno.com href=3D"mailto:worden33@juno.com">larry l =
worden</A>=20
</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> Sunday, January 13, 2002 =
7:19=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Opinions =
on=20
KKD?</DIV>
<DIV><BR></DIV>
<DIV> I give up. What is a LLUR =
chart=20
pattern? thanks Larry</DIV>
<DIV> </DIV>
<DIV>On Sun, 13 Jan 2002 15:16:56 -0600 "Katherine Malm" <<A=20
href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>> =
writes:</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-LEFT: 10px; MARGIN-LEFT: 10px; BORDER-LEFT: #000000 =
2px solid">
<DIV>Hi all,</DIV>
<DIV> </DIV>
<DIV>Here's the summary page from the IBD seminar on analysis of =
tops. It=20
shows the typical pattern of 1st, 2nd, 3rd stage bases before =
failure.</DIV>
<DIV> </DIV>
<DIV><A=20
=
href=3D"http://makeashorterlink.com/?U11123B4">http://makeashorterlink.co=
m/?U11123B4</A></DIV>
<DIV> </DIV>
<DIV>I think jans pointed this out a minute ago, but be careful to=20
distinguish between normal "wiggles" on the ascent up and a "true" =
base=20
where the stock pauses, consolidates its prior up move and then =
breaks out=20
to a fresh advance. Also remember that big corrections reset =
the base=20
count.</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=3DSpencer48@aol.com=20
href=3D"mailto:Spencer48@aol.com">Spencer48@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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> Sunday, January 13, =
2002 2:28=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Opinions on=20
KKD?</DIV>
<DIV><BR></DIV>Rolf:<BR><BR> I've had =
trouble=20
identifying relevant bases in the stock's past because <BR>I never =
understood that WON gave a precise definition of 3rd, 4th or 5th =
<BR>stage=20
bases. <BR><BR> According to =
Friday's=20
1/11/02 Investors Corner (which I'm basing my <BR>analysis of KKD =
on), KKD=20
is in the throes of its 3rd base (I suppose that one <BR>can see =
weakness=20
in the stock in this type of pattern- afterwards-because if =
<BR>the stock=20
is basing for the 3 or 4th time, then it will likely be an =
LLUR. =20
<BR>And-and as I understood Tom pointing out-once the LLUR changes =
it's=20
angle, it <BR>is likely topping out (this would make it consistent =
with=20
WON's admonition to <BR>avoid stocks with 4th or 5th stage =
bases). =20
<BR> <BR> The =
salient=20
passages of the Investors Corner article for me was this: <BR>"... =
A stock=20
need rise only 25% or more from its pivot to trigger a new-stage =
<BR>base=20
above it. As long as the new base doesn't undercut the lows of the =
prior=20
<BR>consolidation, add another checkmark to your list of bases. =
Few stocks=20
ever <BR>get to form late-stage bases. Only the best can break out =
of=20
well-formed <BR>bases again and again, stacking gains on top of=20
gains."<BR><BR> My view of KKD and the =
bases it=20
has formed comes from DG (the daily <BR>version. I imagine =
that day=20
bases would affect the stock more in the <BR>short-term, and =
weekly bases=20
would affect the stock more in the <BR>intermediate-to-long =
term). =20
Anyway, these are the bases that I see: 1st <BR>Base: =
10/23-11/1;=20
2nd Base: 11/20-1129; 3rd Base: Began 12/28. As far as=20
<BR>differentiating between "a sloppy base" and those that aren't, =
I don't=20
know <BR>how this can be done-except afterwards, and with a lot of =
subjectivity. I <BR>must admit, though, the Investor Corner=20
definition would make it appear that <BR>long cups (with a right =
LLUR leg=20
that leads to a right lip) would make the <BR>Handle of this =
C&H=20
suspect. So,then, one wonders if this means that an LLUR =
<BR>which=20
leads to the Handle of a Long Cup can be disregarded as pointing =
to a=20
<BR>potentially weak stock-if the LLUR has 3rd, 4th, or 5th stage =
bases=20
(and, I <BR>would think that nearly ALL LLURs are subject to these =
bases,=20
which I would <BR>call: Corrections or Retracements. =
Thus,=20
when does a new base count begin: <BR>When the stock has =
Broken Out=20
of its Handle?<BR><BR>jans<BR><BR><BR>In a message dated 1/13/2002 =
8:44:39=20
AM Eastern Standard Time, <BR><A=20
href=3D"mailto:rolfh@mindspring.com">rolfh@mindspring.com</A>=20
writes:<BR><BR><< For my edification, could you tell me the =
period=20
in which you see the 3<BR> bases?<BR> Depending on =
whether I=20
look at 6 month, 1 year, or 2 year charts, I see<BR> a =
variety of=20
what I might call a base, some sloppy, some=20
not.<BR> <BR> Thanks!<BR> Rolf<BR> =20
>><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your email.</BLOCKQUOTE>
<DIV> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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