Re: LLUR (Re: [CANSLIM] Introduction)

From: "Perry Stanfield" <mpstan@attbi.com>
Subject: Re: LLUR (Re: [CANSLIM] Introduction)
Date: Wed, 13 Feb 2002 12:29:08 -0800

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Quan,

I have not heard of one, but if you run into one I'd appreciate hearing
about it.

If you don't, why don't we build one ourselves?  Would you not start out
with looking at different time frames for %price increase, and string them
together?  QP would certainly allow that............................What do
YOU think?  Throw that in with a minimum ERG of 235, and you might have a
stable of winners....................

Perry




- ----- Original Message -----
From: "Quan Tran" <vyellon@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, February 13, 2002 12:00 PM
Subject: Re: LLUR (Re: [CANSLIM] Introduction)


> Hi list members,
>
> Does anyone use or have scan for QuotePlus for LLUR? I am
> wondering how one spot an LLUR out of thousands of stocks
> out there?
>
>
>
> --- Katherine Malm <kmalm@earthlink.net> wrote:
> > Hi Rob,
> >
> > Welcome to the list, glad you're here!
> >
> > I'll chime in to the discussion on LLUR, as I see it differently than
Tom. I
> > do not see LLUR as a base at all. Instead, I see it as a stock in an
uptrend
> > that happens to be printing a tight pattern that hugs an uptrending
moving
> > average (MA). This pattern can go on for quite some time as in the case
of
> > DLX. From a technical point of view, you would enter on pullbacks. As
with
> > all CANSLIM sell rules, once the stock breaks the top or bottom of the
> > channel, this is a sell signal.
> >
> > An ascending base, however, is a different animal. Say a stock is in an
> > uptrend and then begins a consolidation period. Normally we expect that
to be
> > a flat base (>=5wks), cup & handle (C&H-->=7wks), saucer & handle
(>=7wks),
> > etc. The thing all these consolidation patterns have in common is that
they
> > primarily correct *below* the pause point where the consolidation
begins,
> > then, indicate their readiness to move on a new ascent by breaking above
the
> > area of consolidation on volume. With an ascending base (>=6wks), the
pattern
> > of consolidation is different from these, usually due to choppy or
sideways
> > market conditions. What looks like a small ascent is instead an area of
> > consolidation in which the stock tries several times to breakout
> > unsuccessfully. In this case, the area of consolidation will have a
slightly
> > upward bias. On the third attempt, the stock, if successful, will break
out
> > of the pattern. In this case, the break in pattern is a *buy* rather
than
> > *sell* signal.
> >
> > As you've discovered, the list has plenty of acronyms used in everyday
> > discussion. Here are some of the more common:
> > WON--William J. O'Neil
> > HTMMIS--How to Make Money In Stocks
> > B/O or BO--Breakout
> > MA--Moving Average
> > C&H or CwH--Cup and handle
> > TA--Technical Analysis
> > LLUR--lower left upper right
> > IBD--Invstor's Business Daily
> > DGO--DailyGraphs Online
> > WWW--Tom "Worley's Weekend Weeview" in which Tom deftly summarizes
market
> > conditions in 6 paragraphs or less.
> >
> > Katherine
>
>
> =====
> Quan Tran
> vyellon@yahoo.com
>
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