Re: LLUR (Re: [CANSLIM] Introduction)

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: LLUR (Re: [CANSLIM] Introduction)
Date: Wed, 13 Feb 2002 08:44:11 -0500
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Hi Rob,

A LLUR pattern, at least by that name, has not been officially sanctioned by
WON. But the "ascending base" pattern identified by IBD after extensive
discussion in the group of LLUR is quite similar. Both are stocks in a
smooth uptrend. Main difference I can find is we want a longer time period,
preferably a year, before buying a LLUR. The ascending base pattern of IBD
seems to want a lesser time period.

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "Rob Miller" <rmiller2@carolina.rr.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, February 13, 2002 8:24 AM
Subject: LLUR (Re: [CANSLIM] Introduction)


> 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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>
>
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