Re: LLUR (Re: [CANSLIM] Introduction)

From: Quan Tran <vyellon@yahoo.com>
Subject: Re: LLUR (Re: [CANSLIM] Introduction)
Date: Wed, 13 Feb 2002 12:00:54 -0800 (PST)

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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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