Re: LLUR (Re: [CANSLIM] Introduction)

From: Quan Tran <vyellon@yahoo.com>
Subject: Re: LLUR (Re: [CANSLIM] Introduction)
Date: Wed, 13 Feb 2002 13:59:14 -0800 (PST)

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I apologize in advance knowing that LLUR in not on topic with 
CANSLIM. Please, let me know and I will take it off-line with 
interested list members.

I wouldn't mind writing one and share it to the group. Maybe we 
can work on this together.

I like the idea of scaning for price staying above some MA.  I think 
the tricky part is to figure out which MA to use.  I think each LLUR 
has a different upward slop.  Does anyone know of a minimum slop 
required to be LLUR?

Take DLX for example, it dip below its 50dma in Feb, Mar and Sept. 
of last year.  So, using 50DMA would not work.

Thanks Patrick for getting me a start.  I am going to start working 
on this.


- --- Patrick Wahl <pjwahl@attbi.com> wrote:
> I've seen a scan for this somewhere, but I lost it, but it can be done.  I
> believe you 
> need to loop through x number of weeks, and do a check to see if the low is
> lower 
> than some moving average, probably a 50 day moving average.   If the low does
> 
> break the moving average, you kick it out, else print that symbol to a list. 
> Does not 
> involve very much coding.
> 
> Maybe I'll take a stab at writing one, but that could get you started.  
> 
> Also, for you or any other QP users, here is a page of scans someone has put 
> together -
> 
> http://www.geocities.com/WallStreet/Exchange/1216/
> 
> On 13 Feb 2002 at 12:00, Quan Tran wrote:
> 
> > 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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> 
> 
> 
> -
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=====
Quan Tran
vyellon@yahoo.com

__________________________________________________
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