Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] LLUR pattern
Date: Sun, 23 Jun 2002 12:47:09 -0400
Previous Article (by Author): Re: [CANSLIM] Worley's Weekend Weeview "Tom Worley"
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In the course of my weekend stock lists reviews, I was looking at some using the two year charts at DGO. Happened to cross paths with PETM, which I have noted for quite some time as a LLUR (Lower Left Upper Right). While this is not an approved CANSLIM chart pattern, I have found that when combined with solid CANSLIM criteria including RS and EPS, that money can be made even in bad markets. As I was looking at a two year chart instead of my customary one year chart, I was interested in noting that this stock had formed a pretty classic triple bottom pattern before beginning an impressive and long leg up. So I went thru some more LLUR charts, as well as some others, and felt I ended up getting a better picture on most than I got from the 12 month chart. Even tho many years ago I regularly worked with five year charts, I had conditioned myself, due the volatility of past recent years, to focus only on the prior 12 months. I think from now on I must start screening my lists of new highs using a longer time frame first, then switch back to a 12 month or shorter period for more precise entry / exit points. For short or mid term traders, this may not help, but for my long term investing I think it will add to my confidence factor at least. Tom Worley stkguru@bellsouth.net AIM: TexWorley - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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