Go to Jeff Salisbury LWGate Home Page.From: "Gary A. Snyder" <gas175k@hotmail.com>
Subject: Re: [CANSLIM] LLUR
Date: Sat, 20 Jul 2002 21:27:06 -0400
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Thanks. Gary. >From: "Norman" <theboyd@tisd.net> >Reply-To: canslim@lists.xmission.com >To: <canslim@lists.xmission.com> >Subject: Re: [CANSLIM] LLUR >Date: Sat, 20 Jul 2002 20:13:06 -0500 > >One more time... >IMHO = In My Humble Opinion. > >norm >----- Original Message ----- >From: "Gary A. Snyder" <gas175k@hotmail.com> >To: <canslim@lists.xmission.com> >Sent: Saturday, July 20, 2002 8:08 PM >Subject: Re: [CANSLIM] LLUR > > > > Hi: > > Thanks. What is the meaning of IMHO? Sincerely: Gary. > > > > > > >From: "Tom Worley" <stkguru@bellsouth.net> > > >Reply-To: canslim@lists.xmission.com > > >To: <canslim@lists.xmission.com> > > >Subject: Re: [CANSLIM] LLUR > > >Date: Sat, 20 Jul 2002 08:23:24 -0400 > > > > > >Hi Gary, > > > > > >LLUR means Lower Left Upper Right, a non-CANSLIM approved chart pattern >but > > >one that can still work combined with CANSLIM criteria. As the name > > >implies, > > >a steady trend up with very little volatility, essentially a flat line > > >tilted up. Ideally you want at least six months of consistent pattern >with > > >no corrections severe enough to kick you out, 12 months is even better. >Any > > >change in a LLUR pattern (up or down) is reason enough to exit, or be > > >prepared to exit without looking back. > > > > > >----- Original Message ----- > > >From: "Gary A. Snyder" <gas175k@hotmail.com> > > >To: <canslim@lists.xmission.com> > > >Sent: Saturday, July 20, 2002 8:15 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 > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > >___________________________________________________________________________ > > >_ > > > > For your protection, this e-mail message has been scanned for > > >viruses. > > > > Visit us at http://www.neoris.com/ > > > > > > > > > > > > > > > > > > >_________________________________________________________________ > > >Send and receive Hotmail on your mobile device: http://mobile.msn.com > > > > > > > > >- > > >-To subscribe/unsubscribe, email "majordomo@xmission.com" > > >-In the email body, write "subscribe canslim" or > > >-"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > >- > > >-To subscribe/unsubscribe, email "majordomo@xmission.com" > > >-In the email body, write "subscribe canslim" or > > >-"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > _________________________________________________________________ > > Join the world’s largest e-mail service with MSN Hotmail. > > http://www.hotmail.com > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________ Chat with friends online, try MSN Messenger: http://messenger.msn.com - - - -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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