Re: LLUR (Re: [CANSLIM] Introduction)

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: LLUR (Re: [CANSLIM] Introduction)
Date: Wed, 13 Feb 2002 20:33:12 -0500
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I don't think you want to arbitrarily kick out any stock that slips below a
MA you have selected for two reasons:

    a) you picked too tight of a MA average (remember, you are not limited
to just the 50 DMA)
    b) you want to apply human intelligence before excluding a stock

so what you want is a list of those possibly breaking the pattern, then look
at them yourself and apply human intelligence

I think one key would be to get a list of stocks that are steadily
progressing, but without much volatility

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "Quan Tran" <vyellon@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, February 13, 2002 4:59 PM
Subject: Re: LLUR (Re: [CANSLIM] Introduction)


> 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
> > >
> > > __________________________________________________
> > > Do You Yahoo!?
> > > Send FREE Valentine eCards with Yahoo! Greetings!
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> > >
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> >
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>
>
>
> =====
> Quan Tran
> vyellon@yahoo.com
>
> __________________________________________________
> Do You Yahoo!?
> Send FREE Valentine eCards with Yahoo! Greetings!
> http://greetings.yahoo.com
>
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> -To subscribe/unsubscribe, email "majordomo@xmission.com"
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>



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