Re: [CANSLIM] In this trader's market

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] In this trader's market
Date: Sun, 19 Jan 2003 13:57:03 -0500

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actually, since LLUR is acknowledged as not being an official CANSLIM chart
pattern, there is no need to reconcile it. I have found from experience that
a LLUR pattern that also has CANSLIM characteristics regarding RS and EPS
ranking, and other strong fundies, does work well with applied discipline.

On the other hand, a good LLUR is actually a single base, so it never gets
into late stage bases. If it breaks the pattern, it will take time to
reassert a LLUR pattern. Whether that would then become a second (or later)
stage base, or be restarting at a first base, is a matter of opinion and
time duration.

- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, January 19, 2003 1:48 PM
Subject: Re: [CANSLIM] In this trader's market


Tom:

     I was reading Kathrine's E-mail on BLUD, and I wondered how do you
reconcile the concept of WON's late stage bases with trends you denominate
as
LLURs' ?

     I believe you say that LLURs should be in that up-trend for 6 months to
a year.  So (if that's how you define them), doesn't the concept of "late
stage bases" negate nearly all LLURs?

jans




In a message dated 1/16/2003 12:15:53 AM Eastern Standard Time,
kmalm@earthlink.net writes:

<< I agree with Rolf and Patrick that CANSLIM stocks have a tendency to
crash
 and burn when their run is over.

 BLUD had several red flags flying going into the breakout 1/14:
 ...(2) A late stage base:
 http://www.cwhcharts.com/katherine/BLUD011003wkly.JPG....
  >>

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