LLUR (Re: [CANSLIM] Introduction)

From: "Rob Miller" <rmiller2@carolina.rr.com>
Subject: LLUR (Re: [CANSLIM] Introduction)
Date: Wed, 13 Feb 2002 08:24:29 -0500
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Tom,

Thanks for answering my question.  It seems that LLUR is not a pattern, or
base, in the true sense of the word.  How does it differ from a stock that
has been in a smooth uptrend?  For example, a stock could break out from a
cup w/handle and rise for several months or more in a nice smooth uptrend.
Would this then be considered an LLUR?  My impression is that this is a way
to get into to a stock that has either not formed a level base or has been
rising indefinitely from a prior breakout.

Don't get me wrong, I'm not criticizing the use of this pattern.  In the
past, I've found buying an uptrending stock at the bottom of its channel to
be a good method.  However, since I'm using CANSLIM as my primary method,
I'd like to fully understand how it fits in before I add it to my arsenal.

Thanks,
Rob


- ----- Original Message -----
From: "Tom Worley" <stkguru@netside.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, February 13, 2002 2:01 AM
Subject: Re: [CANSLIM] Introduction


> Hi Rob, and welcome to the group.
>
> The LLUR pattern was a contribution to this group by a former member over
> three years ago. More recently, IBD discovered the "ascending base" which
> has similar definitions.
>
> Best way to see the "base" is by tilting your head about 45 degrees to the
> left.  Entry and exit points depend on whether you are trying to trade
short
> or long term. For short term, it's critical to identify the moving average
> which marks the lower and upper sides of the trading range. For long term,
> entry is pretty much a matter of your choice. Take DLX for example. You
> could have thrown a dart and entered it anywhere you wanted over the past
> nine months or so, and still have a respectable profit now. And that's
> despite slow growth, 1.1% earnings growth for 2001, 6% estimated for this
> year, and today's announcement they may earn up to 9.6% (WOW!!!) this
year.
>
> Ideally, with a LLUR pattern, you want to see 12 months of a consistent
> pattern without measurable volatility. The tighter the daily trading
range,
> the better. And you also need to have all the standard CANSLIM elements in
> place (RS, EPS, etc.).
>
> Tom Worley
> stkguru@netside.net
> AIM: TexWorley
> ----- Original Message -----
> From: "Rob Miller" <rmiller2@carolina.rr.com>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, February 12, 2002 4:28 PM
> Subject: [CANSLIM] Introduction
>
>
> > Hello All,
> >
> > I subscribed a few weeks ago but thought I would listen for a while
before
> > introducing myself.  An interesting group.  I'm not new to investing or
> > CANSLIM, though I did stray for a while.  I became interested in CANSLIM
> > about six years ago.  After practicing CANSLI (M seemed irrelevant at
that
> > time) for a couple of years, I began to ignore fundamentals just as the
> > market ignored them.  I am well versed in technicals and that became the
> > hallmark of my strategy for the last year of the bull market.  Somewhat
> > coincidentally, I got out of the market in March 2000 just before the
> Nasdaq
> > fell apart.  The coindicence is that although I saw  signs of a market
> top,
> > I went to cash for a different reason...vacation.  Yes the market fell
> apart
> > while I was on vacation.  I have been largely out of the market ever
> since,
> > with only a few trades along the way.  I had also just finished college
> and
> > was at my new career for only 9 months at the time.  I have since
devoted
> > more time to my career and less to personal investing.  That has all
> changed
> > now.  Last week I quit my job.  After almost three years as an
investment
> > analyst (primarily mutual funds and retirement accounts) at a small
> startup
> > firm, I decided that the promise of higher pay in the future was no
longer
> > enough.  I said "show me the money," and they said "we don't have any."
> > Also, while mutual fund analysis is surpisingly challenging and fun, my
> real
> > interest is in stocks.  So here I am, investing full time, at least
> > temporarily.
> >
> > Now for a question.  I tried to look this up in the archives, but I
can't
> > get the archives to work.  How does the LLUR chart pattern fit the
CANSLIM
> > mold and how do you adapt the entry and exit methods?  I don't recall
ever
> > hearing O'Neil mention this chart.  Is this a generally accepted
exception
> > to the basic chart patterns that O'Neil promotes?  It's an intriguing
> > pattern given the lack of good bases out there, though it seems to go
> > against the basic CANSLIM buying philosophy.
> >
> > Rob Miller
> >
> >
> >
> > -
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> >
>
>
>
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