Re: LLUR (Re: [CANSLIM] Introduction)

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: LLUR (Re: [CANSLIM] Introduction)
Date: Wed, 13 Feb 2002 13:48:03 -0700

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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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