At this link you will find a book summary to Marvin McMickle’s book entitled Living Water for Thirsty Souls: Unleashing the Power of Exegetical Preaching.
According to the summary there appears to be 8 L’s for sermon preparation. First the preacher must find the Limits of the text to be dealt with in the sermon. Next the preacher must determine the type of Literature that is being in the text. Next, the preacher must use whatever means he can to get at the Linguistics of the text. Also, the preacher must find the Location of the text. This location includes the social political, geographical, and cultural context of the text. Now the preacher must identify the Leading characters in the text and what they are doing. Go grab your concordance or Treasury of Scriptural Knowledge to find the Links in the text. How does the passage connect with other passages. Next the preacher will find the Lessons in the text that will be presented. Finally the preacher will find the Life applications. I hope to read the title in the future, but it appears as though this summary gives an outline.