Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] LLUR
Date: Mon, 22 Jul 2002 09:27:05 -0500
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What is the criteria for entrance to the LLUR? Is there the equivalent to
a pivot point, since the trend is increasing?
Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com
"Tom Worley"
<stkguru@bellsouth.net To: canslim@lists.xmission.com
> cc:
Sent by: Subject: Re: [CANSLIM] LLUR
owner-canslim@lists.xm
ission.com
07/20/2002 07:23 AM
Please respond to
canslim
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
>
>
>
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Next Article (by Date): RE: MILSNAC ( formerly: [CANSLIM] M - How low will it go - reverse CANSLIM.) "Duke Miller"
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