Re: [CANSLIM] LLUR

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] LLUR
Date: Sat, 20 Jul 2002 20:13:06 -0500
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One more time...
IMHO =3D 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 patter=
n
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 observatio=
n
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 i=
s
> > >position sizing and your stop.  Whenever I see a strong trend that i=
s
not
> > >offering a good consolidation of some sort (cup/handle, flat base, e=
tc)
I
> > >put out a smalller position and use a tighter stop.  Also until I ha=
ve
> >some
> > >cushion I dont add to it.  Another thing I do is look at the intrada=
y
> > >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 i=
n
> >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 fal=
l
> >back
> > >a
> > >bit, but obviously not as severe as the red line you showed that wou=
ld
> > >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, y=
ou
> > >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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