Re: [CANSLIM] LLUR

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] LLUR
Date: Sat, 20 Jul 2002 07:34:49 -0500
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IMHO = In My Humble Opinion
sometimes used as IMO or JMO or my $0.02.

norm
- ----- Original Message -----
From: "Gary A. Snyder" <gas175k@hotmail.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, July 20, 2002 7:15 AM
Subject: Re: [CANSLIM] LLUR


> 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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> >
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>
>
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