Go to Jeff Salisbury LWGate Home Page.From: larry l worden <worden33@juno.com>
Subject: Re: [CANSLIM] Opinions on KKD?
Date: Sun, 13 Jan 2002 19:19:28 -0800
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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 -----
From: Spencer48@aol.com
To: canslim@lists.xmission.com
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
I never understood that WON gave a precise definition of 3rd, 4th or 5th
stage bases.
According to Friday's 1/11/02 Investors Corner (which I'm basing my
analysis of KKD on), KKD is in the throes of its 3rd base (I suppose that
one
can see weakness in the stock in this type of pattern- afterwards-because
if
the stock is basing for the 3 or 4th time, then it will likely be an
LLUR.
And-and as I understood Tom pointing out-once the LLUR changes it's
angle, it
is likely topping out (this would make it consistent with WON's
admonition to
avoid stocks with 4th or 5th stage bases).
The salient passages of the Investors Corner article for me was
this:
"... A stock need rise only 25% or more from its pivot to trigger a
new-stage
base above it. As long as the new base doesn't undercut the lows of the
prior
consolidation, add another checkmark to your list of bases. Few stocks
ever
get to form late-stage bases. Only the best can break out of well-formed
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
version. I imagine that day bases would affect the stock more in the
short-term, and weekly bases would affect the stock more in the
intermediate-to-long term). Anyway, these are the bases that I see: 1st
Base: 10/23-11/1; 2nd Base: 11/20-1129; 3rd Base: Began 12/28. As far as
differentiating between "a sloppy base" and those that aren't, I don't
know
how this can be done-except afterwards, and with a lot of subjectivity.
I
must admit, though, the Investor Corner definition would make it appear
that
long cups (with a right LLUR leg that leads to a right lip) would make
the
Handle of this C&H suspect. So,then, one wonders if this means that an
LLUR
which leads to the Handle of a Long Cup can be disregarded as pointing to
a
potentially weak stock-if the LLUR has 3rd, 4th, or 5th stage bases (and,
I
would think that nearly ALL LLURs are subject to these bases, which I
would
call: Corrections or Retracements. Thus, when does a new base count
begin:
When the stock has Broken Out of its Handle?
jans
In a message dated 1/13/2002 8:44:39 AM Eastern Standard Time,
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.
Thanks!
Rolf
>>
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<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.=
com/?U11123B4</A></DIV>
<DIV> </DIV>
<DIV>I think jans pointed this out a minute ago, but be careful to =
distinguish=20
between normal "wiggles" on the ascent up and a "true" base where the =
stock=20
pauses, consolidates its prior up move and then breaks out to a=20
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 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=20
understood that WON gave a precise definition of 3rd, 4th or 5th <BR>=
stage=20
bases. <BR><BR> According to Friday's 1/=
11/02=20
Investors Corner (which I'm basing my <BR>analysis of KKD on), KKD is =
in the=20
throes of its 3rd base (I suppose that one <BR>can see weakness in the =
stock=20
in this type of pattern- afterwards-because if <BR>the stock is basing =
for=20
the 3 or 4th time, then it will likely be an LLUR. <BR>And-and as=
I=20
understood Tom pointing out-once the LLUR changes it's angle, it <BR>is=
=20
likely topping out (this would make it consistent with WON's admonition=
to=20
<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=
has=20
formed comes from DG (the daily <BR>version. I imagine that day =
bases=20
would affect the stock more in the <BR>short-term, and weekly bases =
would=20
affect the stock more in the <BR>intermediate-to-long term). =
Anyway,=20
these are the bases that I see: 1st <BR>Base: 10/23-11/1; 2nd =
Base:=20
11/20-1129; 3rd Base: Began 12/28. As far as <BR>differentiating=
=20
between "a sloppy base" and those that aren't, I don't know <BR>how =
this can=20
be done-except afterwards, and with a lot of subjectivity. I <BR>=
must=20
admit, though, the Investor Corner definition would make it appear that=
=20
<BR>long cups (with a right LLUR leg that leads to a right lip) would =
make=20
the <BR>Handle of this C&H suspect. So,then, one wonders if =
this=20
means that an LLUR <BR>which leads to the Handle of a Long Cup can be=20
disregarded as pointing to a <BR>potentially weak stock-if the LLUR has=
3rd,=20
4th, or 5th stage bases (and, I <BR>would think that nearly ALL LLURs =
are=20
subject to these bases, which I would <BR>call: Corrections or=20
Retracements. Thus, when does a new base count begin: =
=20
<BR>When the stock has Broken Out of its Handle?<BR><BR>jans<BR><BR><BR=
>In a=20
message dated 1/13/2002 8:44:39 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 in=20
which you see the 3<BR> bases?<BR> Depending on whether I =
look at=20
6 month, 1 year, or 2 year charts, I see<BR> a variety of what I =
might=20
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 the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe canslim".&=
nbsp; Do=20
not use quotes in your email.</BLOCKQUOTE>
<DIV> </DIV></BLOCKQUOTE></BODY></HTML>
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