Re: [CANSLIM] LLUR

From: "Gary A. Snyder" <gas175k@hotmail.com>
Subject: Re: [CANSLIM] LLUR
Date: Sat, 20 Jul 2002 08:15:53 -0400
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David:
Could you please define IMHO. I'm trying to understand your observation of 
LLUR. Sincerly: Gary.


>From: "David Taggart" <dctag@mavericktrading.com>
>Reply-To: canslim@lists.xmission.com
>To: <canslim@lists.xmission.com>
>Subject: [CANSLIM] LLUR
>Date: Wed, 17 Jul 2002 09:10:21 -0600
>
>IMHO the main thing to watch on trades based on patterns like LLUR is
>position sizing and your stop.  Whenever I see a strong trend that is not
>offering a good consolidation of some sort (cup/handle, flat base, etc) I
>put out a smalller position and use a tighter stop.  Also until I have some
>cushion I dont add to it.  Another thing I do is look at the intraday 
>charts
>and look for a good consolidation on the 30,60, or 120 min chart for my
>stop.  Of course if you are strict CANSLIM your stop is based solely off of
>a % so none of this matters :-)
>
>David Taggart
>
>
>   -----Original Message-----
>   From: owner-canslim@lists.xmission.com
>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
>   Sent: Wednesday, July 17, 2002 8:09 AM
>   To: canslim@lists.xmission.com
>   Subject: Re: [CANSLIM] chart reading
>
>
>   Hi Kelly,
>
>   I'll bet Tom is already off to work this morning, so I'll chime in here.
>Short answer to your question is "yes"....
>
>   A double bottom looks like a "W" with the second dip to make the bottom 
>a
>bit lower than the first. In a C&H formation, you'll often see the price
>fall back a bit as it's tracing the right side of the cup, but it is benign
>by comparison. In the examples you attached, you can see the C&H fall back 
>a
>bit, but obviously not as severe as the red line you showed that would
>classify it as a double bottom. The biggest difference in the 2 formations
>in my mind is the entry point. On double bottoms, the pivot is $.10 above
>the middle peak of the base (center of the "W"), whereas in a C&H, you 
>would
>wait for the final shakeout to occur in the handle and then look for the
>pivot point accordingly. That's not to say that a double bottom won't also
>have a handle, but that is somewhat rare.
>
>   Katherine
>     ----- Original Message -----
>     From: Kelly Short
>     To: canslim@lists.xmission.com
>     Sent: Wednesday, July 17, 2002 8:55 AM
>     Subject: RE: [CANSLIM] chart reading
>
>
>     Tom (and group),
>
>     Thanks for the link. I'm still a bit fuzzy on the difference between a
>CH formation and a Doublebottom formation. I took two of the charts from 
>the
>link you provided and on the CH formation overlaid (in red line) a
>Doublebottom formation. Is the formation a CH because the second dip does
>not go below the first? Or is there some other method of identifying a
>doublebottom formation?
>
>     Kelly
>
>     -----Original Message-----
>     From: Tom Worley [mailto:stkguru@bellsouth.net]
>     Sent: Wednesday, July 17, 2002 6:32 AM
>     To: CANSLIM
>     Subject: [CANSLIM] chart reading
>
>
>     nice, quick refresher
>
>     http://www.amateur-investors.com/Chart_Patterns_Article.htm
>
>     only one I caught was FSTW
>
>     Tom Worley
>     stkguru@bellsouth.net
>     AIM: TexWorley
>
>
>
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