From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2299 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Saturday, April 13 2002 Volume 02 : Number 2299 In this issue: Re: Screen Capture (was: [CANSLIM] DFXI) RE: Screen Capture (was: [CANSLIM] DFXI) Re: Screen Capture (was: [CANSLIM] DFXI) [CANSLIM] Bear Rally? Re: [CANSLIM] Bear Rally? Re: [CANSLIM] Bear Rally? Re: [CANSLIM] Bear Rally? Re: [CANSLIM] Bear Rally? [CANSLIM] Worley's Weekend Weeview ---------------------------------------------------------------------- Date: Sat, 13 Apr 2002 07:16:08 -0500 From: "Norman" Subject: Re: Screen Capture (was: [CANSLIM] DFXI) Or if you're a real cheap-skate like me you can just use the PrtScn key or the Alt-PrtScn combo to save the entire viewable screen or just the selected window, respectively, to the clipboard. Then just paste it into Paint (free with Windows) and save as .jpg, .gif or .bmp (if you have IE6.0). Annotation is not so easy, but hey, what do you want for free Besides, it's something to play with when the market is in a bad mood, like now. Norm - ----- Original Message ----- From: "Katherine Malm" To: Sent: Saturday, April 13, 2002 6:58 AM Subject: Re: Screen Capture (was: [CANSLIM] DFXI) Hi Harold, Thanks for the kind comments and welcome to the list. Good idea to use the print screen command/Word combo. The advantage is that it's a free solution if you already have the Word app. I think the disadvantage would only be that the graphic can't be saved as a JPEG, BMP, etc. separate from the Word Doc itself. I also like the one step advantage of using PrintScreen Pro, where you can set hot keys to capture the entire window or any selected portion of a window. The image is passed directly to the app where you can then annotate before saving/copying etc. (There's another shareware screen capture tool that has far better annotation tools, called 2020, but I never learned to like it as much as PrintScreenPro.) Katherine ----- Original Message ----- From: Harold Josephson To: canslim@lists.xmission.com Sent: Saturday, April 13, 2002 2:36 AM Subject: RE: [CANSLIM] DFXI Hi Katherine, Re Print-Key, Can't you do pretty much the same thing by pressing "Print Screen" and then pasting the image into, say, WORD by pressing CTRL-V? You can then edit the graphic using Word's, admittedly basic, tools. I'm a Newbie lurker very much impressed by and grateful for your insightful, thoughtful and always gracious commentary. Harold Harold Josephson Tel: 323.850.1333 Fax: 323.512.8968 hj@hjosephson.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Saturday, March 30, 2002 8:22 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] DFXI Hi jans, Hmmm...DFXI was up nearly 8% on the day, finishing near the high...so I'd say it did well. Can't say what will happen, but you're right that if it doesn't follow through, it might be a suspect breakout. I never like to go for a stock with too many eyes on it and this one gets the "too many eyes award" in my book, but this seems to be a company with savvy. (Sure hope they can afford all those BowFlex ads that run every 23 minutes.) DGO doesn't have any new annotation tools...the DFXI notations were courtesy of a nifty shareware program called PrintKey Pro from www.warecentral.com. Best $19.95 I've spent in years...well, except for the $19.95 I spent yesterday filling up my prepaid card from Starbucks....gets that latte in my hands faster than ever! Katherine ----- Original Message ----- From: Spencer48@aol.com To: canslim@lists.xmission.com Sent: Saturday, March 30, 2002 9:57 PM Subject: Re: [CANSLIM] DFXI Katherine: A comment and a question. The comment: There is a high short-interest in DFXI. It did gap up (and in my opinion broke-out) on Wednesday. However, the question now should be whether the breakout is going to fail or not. Without my going into how I feel the Market will behave, the issue seems to be: Are the big institutions selling their DFXI into strength (those who were short no doubt bought on the breakout, but the stock on Thursday never really went anywhere even though volume was tremendous)? According to WON (as I remember it) if the stock doesn't continue to go up the next day after the breakout, the stock should most likely be sold. Here's my question: How were you able to write on the DG chart (I'm not talking about the red trendline)? Does DG have something new (viz. Writing on charts)? jans In a message dated 3/28/2002 2:36:32 PM Eastern Standard Time, kmalm@earthlink.net writes: << I've uploaded a chart notating the C&H to: http://WallStreet-LLC.com/pub/DFXI032802.jpg >> - -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. ------------------------------ Date: Sat, 13 Apr 2002 12:19:43 -0400 From: "Duke Miller" Subject: RE: Screen Capture (was: [CANSLIM] DFXI) Annotation is not only a snap with Paint (Just select text tool and put a box near the data you want to annotate). Using the line tool you can make channels (any color you want). And with the pencil tool you can draw all over it. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Norman Sent: Saturday, April 13, 2002 8:16 AM To: canslim@lists.xmission.com Subject: Re: Screen Capture (was: [CANSLIM] DFXI) Or if you're a real cheap-skate like me you can just use the PrtScn key or the Alt-PrtScn combo to save the entire viewable screen or just the selected window, respectively, to the clipboard. Then just paste it into Paint (free with Windows) and save as .jpg, .gif or .bmp (if you have IE6.0). Annotation is not so easy, but hey, what do you want for free Besides, it's something to play with when the market is in a bad mood, like now. Norm - ----- Original Message ----- From: "Katherine Malm" To: Sent: Saturday, April 13, 2002 6:58 AM Subject: Re: Screen Capture (was: [CANSLIM] DFXI) Hi Harold, Thanks for the kind comments and welcome to the list. Good idea to use the print screen command/Word combo. The advantage is that it's a free solution if you already have the Word app. I think the disadvantage would only be that the graphic can't be saved as a JPEG, BMP, etc. separate from the Word Doc itself. I also like the one step advantage of using PrintScreen Pro, where you can set hot keys to capture the entire window or any selected portion of a window. The image is passed directly to the app where you can then annotate before saving/copying etc. (There's another shareware screen capture tool that has far better annotation tools, called 2020, but I never learned to like it as much as PrintScreenPro.) Katherine ----- Original Message ----- From: Harold Josephson To: canslim@lists.xmission.com Sent: Saturday, April 13, 2002 2:36 AM Subject: RE: [CANSLIM] DFXI Hi Katherine, Re Print-Key, Can't you do pretty much the same thing by pressing "Print Screen" and then pasting the image into, say, WORD by pressing CTRL-V? You can then edit the graphic using Word's, admittedly basic, tools. I'm a Newbie lurker very much impressed by and grateful for your insightful, thoughtful and always gracious commentary. Harold Harold Josephson Tel: 323.850.1333 Fax: 323.512.8968 hj@hjosephson.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Saturday, March 30, 2002 8:22 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] DFXI Hi jans, Hmmm...DFXI was up nearly 8% on the day, finishing near the high...so I'd say it did well. Can't say what will happen, but you're right that if it doesn't follow through, it might be a suspect breakout. I never like to go for a stock with too many eyes on it and this one gets the "too many eyes award" in my book, but this seems to be a company with savvy. (Sure hope they can afford all those BowFlex ads that run every 23 minutes.) DGO doesn't have any new annotation tools...the DFXI notations were courtesy of a nifty shareware program called PrintKey Pro from www.warecentral.com. Best $19.95 I've spent in years...well, except for the $19.95 I spent yesterday filling up my prepaid card from Starbucks....gets that latte in my hands faster than ever! Katherine ----- Original Message ----- From: Spencer48@aol.com To: canslim@lists.xmission.com Sent: Saturday, March 30, 2002 9:57 PM Subject: Re: [CANSLIM] DFXI Katherine: A comment and a question. The comment: There is a high short-interest in DFXI. It did gap up (and in my opinion broke-out) on Wednesday. However, the question now should be whether the breakout is going to fail or not. Without my going into how I feel the Market will behave, the issue seems to be: Are the big institutions selling their DFXI into strength (those who were short no doubt bought on the breakout, but the stock on Thursday never really went anywhere even though volume was tremendous)? According to WON (as I remember it) if the stock doesn't continue to go up the next day after the breakout, the stock should most likely be sold. Here's my question: How were you able to write on the DG chart (I'm not talking about the red trendline)? Does DG have something new (viz. Writing on charts)? jans In a message dated 3/28/2002 2:36:32 PM Eastern Standard Time, kmalm@earthlink.net writes: << I've uploaded a chart notating the C&H to: http://WallStreet-LLC.com/pub/DFXI032802.jpg >> - -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. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Apr 2002 11:29:36 -0500 From: "Norman" Subject: Re: Screen Capture (was: [CANSLIM] DFXI) I agree Duke, annotation has not been a problem for me either. But it's easier in other apps, and once a text box is finished in Paint you can't go back and edit the text; that's a pain. I think StockCharts.com has a pretty good stock chart annotation function. norm - ----- Original Message ----- From: "Duke Miller" To: Sent: Saturday, April 13, 2002 11:19 AM Subject: RE: Screen Capture (was: [CANSLIM] DFXI) > Annotation is not only a snap with Paint (Just select text tool and put > a box near the data you want to annotate). Using the line tool you can > make channels (any color you want). And with the pencil tool you can > draw all over it. > > Duke > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Norman > Sent: Saturday, April 13, 2002 8:16 AM > To: canslim@lists.xmission.com > Subject: Re: Screen Capture (was: [CANSLIM] DFXI) > > > Or if you're a real cheap-skate like me you can just use the PrtScn key > or the Alt-PrtScn combo to save the entire viewable screen or just the > selected window, respectively, to the clipboard. Then just paste it > into Paint (free with Windows) and save as .jpg, .gif or .bmp (if you > have IE6.0). Annotation is not so easy, but hey, what do you want for > free Besides, it's something to play with when the market is in a > bad mood, like now. > > Norm > > ----- Original Message ----- > From: "Katherine Malm" > To: > Sent: Saturday, April 13, 2002 6:58 AM > Subject: Re: Screen Capture (was: [CANSLIM] DFXI) > > > Hi Harold, > > Thanks for the kind comments and welcome to the list. > > Good idea to use the print screen command/Word combo. The advantage is > that it's a free solution if you already have the Word app. I think the > disadvantage would only be that the graphic can't be saved as a JPEG, > BMP, etc. separate from the Word Doc itself. I also like the one step > advantage of using PrintScreen Pro, where you can set hot keys to > capture the entire window or any selected portion of a window. The image > is passed directly to the app where you can then annotate before > saving/copying etc. (There's another shareware screen capture tool that > has far better annotation tools, called 2020, but I never learned to > like it as much as PrintScreenPro.) > > Katherine > ----- Original Message ----- > From: Harold Josephson > To: canslim@lists.xmission.com > Sent: Saturday, April 13, 2002 2:36 AM > Subject: RE: [CANSLIM] DFXI > > > Hi Katherine, > > > > Re Print-Key, > > > > Can't you do pretty much the same thing by pressing "Print Screen" and > then pasting the image into, say, WORD by pressing CTRL-V? You can then > edit the graphic using Word's, admittedly basic, tools. > > > > I'm a Newbie lurker very much impressed by and grateful for your > insightful, thoughtful and always gracious commentary. > > > > Harold > > > > Harold Josephson > > Tel: 323.850.1333 > > Fax: 323.512.8968 > > hj@hjosephson.com > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm > Sent: Saturday, March 30, 2002 8:22 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] DFXI > > > > Hi jans, > > > > Hmmm...DFXI was up nearly 8% on the day, finishing near the high...so > I'd say it did well. Can't say what will happen, but you're right that > if it doesn't follow through, it might be a suspect breakout. I never > like to go for a stock with too many eyes on it and this one gets the > "too many eyes award" in my book, but this seems to be a company with > savvy. (Sure hope they can afford all those BowFlex ads that run every > 23 minutes.) > > > > DGO doesn't have any new annotation tools...the DFXI notations were > courtesy of a nifty shareware program called PrintKey Pro from > www.warecentral.com. Best $19.95 I've spent in years...well, except for > the $19.95 I spent yesterday filling up my prepaid card from > Starbucks....gets that latte in my hands faster than ever! > > > > Katherine > > ----- Original Message ----- > > > From: Spencer48@aol.com > > To: canslim@lists.xmission.com > > Sent: Saturday, March 30, 2002 9:57 PM > > Subject: Re: [CANSLIM] DFXI > > > > Katherine: > > A comment and a question. The comment: There is a high > short-interest > in DFXI. It did gap up (and in my opinion broke-out) on Wednesday. > > However, the question now should be whether the breakout is going > to > fail or not. Without my going into how I feel the Market will behave, > the > issue seems to be: Are the big institutions selling their DFXI into > strength > (those who were short no doubt bought on the breakout, but the stock > on > Thursday never really went anywhere even though volume was > tremendous)? > According to WON (as I remember it) if the stock doesn't continue to > go up > the next day after the breakout, the stock should most likely be sold. > > Here's my question: How were you able to write on the DG chart > (I'm not > talking about the red trendline)? Does DG have something new (viz. > Writing > on charts)? > > jans > > > In a message dated 3/28/2002 2:36:32 PM Eastern Standard Time, > kmalm@earthlink.net writes: > > << I've uploaded a chart notating the C&H to: > > http://WallStreet-LLC.com/pub/DFXI032802.jpg >> > > - > -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. > > > > - > -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. ------------------------------ Date: Sat, 13 Apr 2002 12:35:01 -0400 From: "Duke Miller" Subject: [CANSLIM] Bear Rally? This is a multi-part message in MIME format. - ------=_NextPart_000_000E_01C1E2E7.A420A490 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I don't want to start anything, but....since it's the weekend. Did anybody notice in this morning's IBD a contradiction that begs the question as to what kind of market we're in? To wit: Quoting from Investor's Corner, front page: "Take the action of a few S&P indexes since the market's Sept. 28 follow-through, signaling the start of the current rally." On the next page (A2) under the headline "Investors fear profitless recovery," we read: "Despite the long bear market, stock valuations remain above historical norms and assume strong profit growth going forward." (Italics are mine.) I think I have the answer: IBD relentlessly takes credit for calling the last big market move south, so could it be they're posturing for the next market direction? Either way it goes, they can claim supremacy. Then again, maybe we should have a national election and let the investor's decide. I live in the district in Florida where Katherine Harris is making a bid for Congress. We could (as we did in the last Presidential election) let her decide the ultimate winner! Not that she needs more publicity, what with all the hanging chads and so forth. So what kind of market are we in, anyway? Duke - ------=_NextPart_000_000E_01C1E2E7.A420A490 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
I don't want to = start=20 anything, but....since it's the weekend.
 
Did anybody = notice in this=20 morning's IBD a contradiction that begs the question as to what kind of = market=20 we're in?  To wit:
 
Quoting from = Investor's=20 Corner, front page:  "Take the action of a few S&P indexes = since the=20 market's Sept. 28 follow-through, signaling the start of the current = rally."  On the next page (A2) under the headline "Investors = fear=20 profitless recovery," we read:  "Despite the long bear = market,=20 stock valuations remain above historical norms and assume strong profit = growth=20 going forward." (Italics are mine.)
 
I think I have = the=20 answer:  IBD relentlessly takes credit for calling the last big = market move=20 south, so could it be they're posturing for the next market = direction? =20 Either way it goes, they can claim supremacy. 
 
Then again,=20 maybe we should have a national election and let the investor's = decide.  I=20 live in the district in Florida where Katherine Harris is making a bid = for=20 Congress.  We could (as we did in the last Presidential election) = let her=20 decide the ultimate winner!  Not that she needs more publicity, = what with=20 all the hanging chads and so forth.
 
So what kind of = market are=20 we in, anyway?
 
Duke
- ------=_NextPart_000_000E_01C1E2E7.A420A490-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Apr 2002 11:49:10 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] Bear Rally? This is a multi-part message in MIME format. - ------=_NextPart_000_0021_01C1E2E1.39600E80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageHi Duke, I read the article and thought the same thing. I think the real issue is = that when all stocks are not in a Bull Market, you can't talk = meaningfully about "THE Market" any longer. For example, the last couple = of years of "the great Bull", the Dow ran sideways while the NASDAQ = screamed. The article today only reinforces that notion. That is, some = stocks are going up, others are going down, others are moving sideways. = That's always the case, but when equities aren't the absolute best place = to put your money for "sure" gains, the marginal dollars will flow to = other investment classes and the rest of the market will ebb and flow. = If nothing else, it just reminds us as CANSLIM investors that we have to = pick only the best candidates and follow sound buy/sell rules. I don't = think there's going to be a clear direction for "the Market" as a whole = for many years. We're going to have to read the health of the CANSLIM = market (i.e. CANSLIM-quality stocks) and then go for strength within = that. Katherine PS.... The term "rally" is used in many contexts, even within the IBD = and Investors.com. Is it an upswing? Is it action after a followthru = day? Is it a Bull? How persistent does an upswing need to be before it's = no longer considered "a rally"? Rally relative to what? relative to = when? Geez....very confusing terminology. ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Saturday, April 13, 2002 11:35 AM Subject: [CANSLIM] Bear Rally? I don't want to start anything, but....since it's the weekend. Did anybody notice in this morning's IBD a contradiction that begs the = question as to what kind of market we're in? To wit: Quoting from Investor's Corner, front page: "Take the action of a few = S&P indexes since the market's Sept. 28 follow-through, signaling the = start of the current rally." On the next page (A2) under the headline = "Investors fear profitless recovery," we read: "Despite the long bear = market, stock valuations remain above historical norms and assume strong = profit growth going forward." (Italics are mine.) I think I have the answer: IBD relentlessly takes credit for calling = the last big market move south, so could it be they're posturing for the = next market direction? Either way it goes, they can claim supremacy. =20 Then again, maybe we should have a national election and let the = investor's decide. I live in the district in Florida where Katherine = Harris is making a bid for Congress. We could (as we did in the last = Presidential election) let her decide the ultimate winner! Not that she = needs more publicity, what with all the hanging chads and so forth. So what kind of market are we in, anyway? Duke - ------=_NextPart_000_0021_01C1E2E1.39600E80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Hi Duke,
 
I read the article and thought the same thing. I think the real = issue is=20 that when all stocks are not in a Bull Market, you can't talk = meaningfully about=20 "THE Market" any longer. For example, the last couple of years of "the = great=20 Bull", the Dow ran sideways while the NASDAQ screamed. The article today = only=20 reinforces that notion. That is, some stocks are going up, others are = going=20 down, others are moving sideways. That's always the case, but when = equities=20 aren't the absolute best place to put your money for "sure" gains, the = marginal=20 dollars will flow to other investment classes and the rest of the market = will=20 ebb and flow. If nothing else, it just reminds us as CANSLIM investors = that we=20 have to pick only the best candidates and follow sound buy/sell rules. I = don't=20 think there's going to be a clear direction for "the Market" as a whole = for many=20 years. We're going to have to read the health of the CANSLIM market = (i.e.=20 CANSLIM-quality stocks) and then go for strength within that.
 
Katherine
 
PS.... The term "rally" is used in many contexts, even within the = IBD and=20 Investors.com. Is it an upswing? Is it action after a followthru day? Is = it a=20 Bull? How persistent does an upswing need to be before it's no longer = considered=20 "a rally"? Rally relative to what? relative to when? Geez....very = confusing=20 terminology.
----- Original Message -----
From:=20 Duke=20 Miller
To: CANSLIM
Sent: Saturday, April 13, 2002 = 11:35=20 AM
Subject: [CANSLIM] Bear = Rally?

I don't want = to start=20 anything, but....since it's the weekend.
 
Did anybody = notice in=20 this morning's IBD a contradiction that begs the question as to what = kind of=20 market we're in?  To wit:
 
Quoting from = Investor's=20 Corner, front page:  "Take the action of a few S&P indexes = since the=20 market's Sept. 28 follow-through, signaling the start of the = current=20 rally."  On the next page (A2) under the headline "Investors = fear=20 profitless recovery," we read:  "Despite the long bear = market,=20 stock valuations remain above historical norms and assume strong = profit growth=20 going forward." (Italics are mine.)
 
I think I = have the=20 answer:  IBD relentlessly takes credit for calling the last big = market=20 move south, so could it be they're posturing for the next market=20 direction?  Either way it goes, they can claim supremacy. =20
 
Then again,=20 maybe we should have a national election and let the investor's = decide. =20 I live in the district in Florida where Katherine Harris is making a = bid for=20 Congress.  We could (as we did in the last Presidential election) = let her=20 decide the ultimate winner!  Not that she needs more publicity, = what with=20 all the hanging chads and so forth.
 
So what kind = of market=20 are we in, anyway?
 
Duke
- ------=_NextPart_000_0021_01C1E2E1.39600E80-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Apr 2002 12:56:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Bear Rally? This is a multi-part message in MIME format. - ------=_NextPart_000_02A2_01C1E2EA.95A22260 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageActually, Duke, we have a global election every day, it's how the = markets (NYSE, NASDAQ, AMEX, and all the other indexes) perform. But I do agree with you, IBD seems to be written and approved by a = diverse group of reporters / editors, lacking overall market = consistency. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Saturday, April 13, 2002 12:35 PM Subject: [CANSLIM] Bear Rally? I don't want to start anything, but....since it's the weekend. Did anybody notice in this morning's IBD a contradiction that begs the = question as to what kind of market we're in? To wit: Quoting from Investor's Corner, front page: "Take the action of a few = S&P indexes since the market's Sept. 28 follow-through, signaling the = start of the current rally." On the next page (A2) under the headline = "Investors fear profitless recovery," we read: "Despite the long bear = market, stock valuations remain above historical norms and assume strong = profit growth going forward." (Italics are mine.) I think I have the answer: IBD relentlessly takes credit for calling = the last big market move south, so could it be they're posturing for the = next market direction? Either way it goes, they can claim supremacy. =20 Then again, maybe we should have a national election and let the = investor's decide. I live in the district in Florida where Katherine = Harris is making a bid for Congress. We could (as we did in the last = Presidential election) let her decide the ultimate winner! Not that she = needs more publicity, what with all the hanging chads and so forth. So what kind of market are we in, anyway? Duke - ------=_NextPart_000_02A2_01C1E2EA.95A22260 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Actually, Duke, we have a global election every = day, it's=20 how the markets (NYSE, NASDAQ, AMEX, and all the other indexes)=20 perform.
 
But I do agree with you, IBD seems to be written = and=20 approved by a diverse group of reporters / editors, lacking overall = market=20 consistency.
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: Duke=20 Miller
To: CANSLIM
Sent: Saturday, April 13, 2002 12:35 PM
Subject: [CANSLIM] Bear Rally?

I don't want to = start=20 anything, but....since it's the weekend.
 
Did anybody = notice in this=20 morning's IBD a contradiction that begs the question as to what kind of = market=20 we're in?  To wit:
 
Quoting from = Investor's=20 Corner, front page:  "Take the action of a few S&P indexes = since the=20 market's Sept. 28 follow-through, signaling the start of the current = rally."  On the next page (A2) under the headline "Investors = fear=20 profitless recovery," we read:  "Despite the long bear = market,=20 stock valuations remain above historical norms and assume strong profit = growth=20 going forward." (Italics are mine.)
 
I think I have = the=20 answer:  IBD relentlessly takes credit for calling the last big = market move=20 south, so could it be they're posturing for the next market = direction? =20 Either way it goes, they can claim supremacy. 
 
Then again,=20 maybe we should have a national election and let the investor's = decide.  I=20 live in the district in Florida where Katherine Harris is making a bid = for=20 Congress.  We could (as we did in the last Presidential election) = let her=20 decide the ultimate winner!  Not that she needs more publicity, = what with=20 all the hanging chads and so forth.
 
So what kind of = market are=20 we in, anyway?
 
Duke
- ------=_NextPart_000_02A2_01C1E2EA.95A22260-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Apr 2002 13:53:31 EDT From: Davellil5@aol.com Subject: Re: [CANSLIM] Bear Rally? Agree with Tom's point about IBD. Seems to me that the brass sometimes fails to ride herd on the technical writing to assure 100% consistency. Nevertheless, the paper is well worth the moneyto me, and I think we CANSLIM-ers are sufficiently sophisticated to survive the occasional inconsistencies in the articles. More than that, CANSLIM-ers in this email group are developing a culture of their own, which expands and goes beyond WON's published criteria for stock selection. We're post-graduates. All to the good! Regards, Dave - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Apr 2002 12:44:01 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Bear Rally? On 13 Apr 2002 at 12:35, Duke Miller wrote: > I don't want to start anything, but....since it's the weekend. oh sure.... > So what kind of market are we in, anyway? > I was trying to answer this question the other night, all I could figure out is that the market is mixed up. Here are some observations, maybe someone can put things together. Nasdaq selling off after rally to a lower high than the high set in January. Right now sitting near support set about 2/22, below 50 day MA, which is sloping down. S&P a little stronger, recent rally carried it just about back to old highs, it is somewhat above those Feb. lows, support around 1075, also below 50 day. Dow quite a bit stronger, the recent high surpassed the Jan. highs, recent selloff not as severe, it's sitting on 50 day MA. Russell 2000 at its highest level since July, made new high on Friday relative to last 8 or 9 months. Vix is up a little bit, off the very low levels it was at, but still towards the low end of its range (lower means too much optimism, a contrary indicator). I also notice that the cummulative A/D line for the NYSE has been in a steady uptrend since Sept. lows, the Nasdaq A/D line has rallied a bit, but for the last 2 months has gone sideways to lower. Lets see - large caps doing ok in the form of the Dow, small caps are the strongest group as represented byt the Russell 2000 (that would be our little universe of canslim stocks), the S&P and Nasdaq, I think you could say the real guts of the market in terms of broad representation of industries and a large chunk of the total market cap, are looking flat to weak. Maybe someone can say something about which stocks should be leading if we are at the beginning of an economic recovery, I'm not sure how to interepret this stuff, like I said. I think valuations may still be weighing on the nasdaq, and what I am reading says this will be a weak to moderate recovery, so earnings may not be storng enough to allow the nasdaq to really get rolling this year. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 13 Apr 2002 14:46:13 -0400 From: "Tom Worley" Subject: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0371_01C1E2F9.F53C2C20 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0372_01C1E2F9.F53C2C20" - ------=_NextPart_001_0372_01C1E2F9.F53C2C20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable JAPAN How bad is the bad loan problem with their banks? Well, in their fiscal = year just ended in March, the 13 largest banks collectively wrote off a = total of 7.8 trillion yen (about $59 billion), which was up 21% from = projections just last November. Despite that, their total bad loans grew = from 20.7 trillion yen to 24-26 trillion yen. Primary reason for the = increase in bad loans was the results of an audit ongoing since last = fall, which forced more loans to be classified downward. For all banks, = the total of bad loans is estimated at 36 trillion yen, or higher. Bank of Japan upgraded its economic outlook for the second straight = month, indicating that the economy is getting worse but at a slower = rate. - -------------------------------------------------------------------------= - ------- ECONOMICS PPI jumped a full percent, above expectations of a 0.7% increase, = because of rapidly rising gas prices. But the core rate remained tame, = rising only the expected 0.1%. With Chavez now in handcuffs, Venezuela = production and exports of crude should pick up rapidly, likely going = over their OPEC quota, in order to increase cash flow and profits. Oil = prices worldwide=20 Retail sales grew 0.2%, slightly below expectations. Jobless claims remained very high at 438K, altho down from the revised = 493K of the prior week. This appears to me to reflect the influx of = "new" filers that has exhausted their unemployment benefits, but are now = eligible for the extended coverage just passed.=20 - -------------------------------------------------------------------------= - ------- FIRST QUARTER EARNINGS Next week ends the confessional season, and starts the actual earnings = reporting. First Call has estimated that overall earnings will be down = 9%, not great but much improved over last quarter's decline of 21%.=20 - -------------------------------------------------------------------------= - ------- "M" Only the Russell 2000 Index managed to show positive numbers for the = week, gaining over 3.5%. Otherwise, it was pretty dismal. - -------------------------------------------------------------------------= - ------- WORLEY'S WATCHLIST WANNABEES The population of stocks I am reviewing this weekend has increased = sharply, despite the hesitant performance of last week. As always, a Bx = means a flat line "B"ase of "x" weeks, IMO. Any CANSLIM base such as a = C&H or double bottom will be specifically mentioned, along with other = patterns such as LLUR (Lower Left Upper Right).=20 AMZ - B2+ CHH - B4 DFXI - c&h?? EXPE - B3 FDP - LLUR FRED - LLUR GAP - B7 GLG - LLUR MCL - LLUR NWRE - 5 week consolidation, in my VR Fund PETM - LLUR RACN - early stage LLUR RAH - LLUR? RGIS - LLUR? RYAN - volatile LLUR Happy hunting, Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_001_0372_01C1E2F9.F53C2C20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
JAPAN
How bad is the bad = loan problem=20 with their banks? Well, in their fiscal year just ended in March, the 13 = largest=20 banks collectively wrote off a total of 7.8 trillion yen (about $59 = billion),=20 which was up 21% from projections just last November. Despite that, = their total=20 bad loans grew from 20.7 trillion yen to 24-26 trillion yen. Primary = reason for=20 the increase in bad loans was the results of an audit ongoing since last = fall,=20 which forced more loans to be classified downward. For all banks, the = total of=20 bad loans is estimated at 36 trillion yen, or higher.
 
Bank of Japan upgraded its economic outlook for = the second=20 straight month, indicating that the economy is getting worse but at a = slower=20 rate.

ECONOMICS
PPI jumped a full percent, above expectations of a 0.7% increase, = because=20 of rapidly rising gas prices. But the core rate remained tame, rising = only the=20 expected 0.1%. With Chavez now in handcuffs, Venezuela production and = exports of=20 crude should pick up rapidly, likely going over their OPEC quota, in = order to=20 increase cash flow and profits. Oil prices worldwide
 
Retail sales grew 0.2%, slightly below expectations.
 
Jobless claims remained very high at 438K, altho down from the = revised 493K=20 of the prior week. This appears to me to reflect the influx of "new" = filers that=20 has exhausted their unemployment benefits, but are now eligible for the = extended=20 coverage just passed.=20
FIRST QUARTER EARNINGS
Next week ends the confessional season, and starts the actual = earnings=20 reporting. First Call has estimated that overall earnings will be down = 9%, not=20 great but much improved over last quarter's decline of 21%.

"M"
Only the Russell 2000 Index managed to show positive numbers for = the week,=20 gaining over 3.5%. Otherwise, it was pretty dismal.

WORLEY'S WATCHLIST = WANNABEES
The population of stocks I am reviewing this = weekend has=20 increased sharply, despite the hesitant performance of last week. As = always, a=20 Bx means a flat line "B"ase of "x" weeks, IMO. Any CANSLIM base such as=20 a C&H or double bottom will be specifically mentioned, = along with=20 other patterns such as LLUR (Lower Left Upper Right).
 
AMZ - B2+
CHH - B4
DFXI - c&h??
EXPE - B3
FDP - LLUR
FRED - LLUR
GAP -  B7
GLG - LLUR
MCL - LLUR
NWRE - 5 week consolidation, in my VR = Fund
PETM - LLUR
RACN - early stage LLUR
RAH - LLUR?
RGIS - LLUR?
RYAN - volatile LLUR
 
Happy hunting,
 
3D""
Tom Worley
stkguru@bellsouth.net
AIM: = TexWorley
- ------=_NextPart_001_0372_01C1E2F9.F53C2C20-- - ------=_NextPart_000_0371_01C1E2F9.F53C2C20 Content-Type: image/gif; name="USflag.gif" Content-Transfer-Encoding: base64 Content-ID: <037001c1e31b$7c4b5b20$9300a8c0@TOMSBOX> R0lGODdhSwBLAPcAAP//////zP/M///MzP/Mmf+ZzP+Zmf+ZZv9mmf9mZsz//8z/zMzM/8zMzMzM mcyZzMyZmcyZZsxmmcxmZsxmM8xmAMwzmcwzZswzM8wzAMwAZswAM8wAAJnM/5nMzJnMmZmZzJmZ mZmZZplmmZlmZplmM5lmAJkzZpkzM5kzAJkAZpkAM5kAAGaZzGaZmWaZZmZmzGZmmWZmZmZmM2Zm AGYzZmYzM2YzAGYAM2YAADOZzDOZmTNmzDNmmTNmZjNmMzMzmTMzZjMzMzMzADMAZjMAMzMAAABm mQBmZgAzmQAzZgAzMwAAZgAAM7sAAKoAAIgAAHcAAFUAAEQAACIAABEAAAAiAAARAP///wAAVQAA RAAAIgAAEe7u7t3d3bu7u6qqqoiIiHd3d1VVVURERCIiIhEREQAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACH5BAAAAAAALAAAAABLAEsA QAj/ALEIHEiwoMGDCBMqXMhwyA0TJlIwnEixokUsD00MYbhkiZKPF0OKzDgkxsceH5Wg7JGkBcog HYN8TOLBC8skSXp0aXBkBZQoOXLgWIHigtELE5KSqEFmTIgGAKJK7ULVSwMZB0n2QKnEBc6tSmQG 8aGyJYicOEG0+BhkLJgGXaTKlepFjBkSEAroLfDgwYC/gL9gRUhyxQoWP3NEiQKFheHHjzdIZhFl CpUpUCCveML5SeQNLKZMYSFZMuTSPqdUyaGQpBgxIcB8mf3lAe0GuL1Q7fJlTBUpjjU/RoECg3EU Un47Lo3apxQjRqQ0NswiYUYjixcHzQ6lOwsWnKGo/xZJfuL18ujTF7yRwoQR9fDjy59fsYrDGzfo 62eoVWVKsjL1AIILRxzx0RJCeOTBTUokAUIDMSSxwgaHRSGFaDk0xhlklF04hRSKZZddDlJkBdEQ PpDlg0llscSiR0qE0MMRaTWQBI009eBDGLHpNldUO4VRBhlgxPWjXF2EQdiJWzGohA8yncQSjUe0 0AJOOQXRxBJBCDGhaaeh9tyXzJVpGhWtnbgCDttNJ9xnFEpBBXaafffdhhP6RAVwZqL2RGVV0LmC dSc+5YVVDdCm6BcN/NVACGQIIQYEBkBgKQR9MdroAA2AIYMZVORgGHObQfFcdNOV9sR7S7q336uE tf/HKqy01mrrrbgSVAV7EJmQX676kQTsfiThlFJYXKWUkwdKLLHFFlsSdKwSi3Vn4azBnnhSW1Km RCNKS2wZQoM5eXEWlknA1WkYYoQBxqFecJqopSTYgMNQZJK6AmsG9TcWWSqBsNURXCX4kU1Y9gDA uUkosZQNNhBn3MQYGGbqnFGQ1qdpUFRhokZckcWVC2E1e5ISNLog8I0trdWsYlB41udmUVBBRRRP 6JvvYR5/PERXKoEF5Vgl99DCty3TmGJHS6BwQlJJHSX1BShQYcOlWGcNgQQkpKnRblaBEcLYb+nW hQAC7FbVF2GMQYYMEGwqL26bxjtACGaM8AVgfPf/DQEZC5HUwAMhhMFj2WqrPZVgQsjwhZFgm20k AF3gHQLf8Ka99hhm2NA1oRoFJRRxpJceJgo2FFFGGF5Q3sWhdNMN2N9lFHkk5V6EMIYQTmkK+hBS MGZnd8R7Bx51yU2BAtRGlY6CZjhUIcS7P+7k6dtPTT6Yz28OR9wJSFGtGp8UPuaZZ9RdfFmIIqp3 3rD0vQ+/fPLPDx+v2NqfHnsp5K///wAMoAAHaJD7EFAku+qVrw54EYdAJAUbYaBFhCXBCZ6oghbU yLQ2qKyGKWELBySJy1LiAjCQTFkt8IISmlCGJpDLWOT6yJcOk4MpGOFD/KKftnrwBTAALCU8PMtH /3zQkY+sbGQtiNADrAKBetlLQ3WCQg1BlJnmbIYyPhvXsXwgG5RgKQQ+aEKCgoCWnNxkRkkIAQTY 1a63JO51nZLBGMRAvSO9Tkn90pYSYiC2aekEBM0SgsEi1KSWfAUlKwAKzIIDmSdIETpSWAHFzGQY /2HkRF9I1kdc0IArDXEMHnHBjAqklhnNyCU+GFsIvtC66nkBDGQogw2eBjUJ2FICWPtcHjX4kVWe sGElNFkYZtICD+CoSkJUQhGGUpypSQ11ZhjDEgUwALv1rQB/a9UQeqjJFHIlCGKYiQeuhJMjjNOD RGQmxdaJARREDzNk0gxqovA7IJrLgzEiIU+w5P8BYzYsBkRcghjgcjupNMBtXyioXLwAOG26oAvk /AgYWKSEL5AzJ11gWAxc0BEiZqZ7qMlBFaIQzzBJ5gkl+p3ZrNJDVTJKcm+MY1PC0ICVwutQavsC GQaaOJyqzQt4/B2YErkYk1JyBacSVfc+sy8qQEFnO4vCb7w2hMfgYDH4elOZ1mSEIthgAreEmljF eoK77K1vgNFLE8tQhhBQ9ZWF4xGmFjUbuQ3gCyQQQufA50ykjHUCNjBCvmaWAyr8BgpUVeQi7cTY 4+VJPFWYwgyXmieR1gCXWrtlvdgqg7L97jWxqSm8YufTqAC1DGN4lwBuetOfhoCtRelr83AAnQyt oe93bMrY8IgnTwpFwQihyhN17ISnChlWVOw8Dg6K4FW8YA23ziMOZBrjWPGYQQytdN3r4LWbR8Wy s3a9axNtUAavSmxilhQISWQzmweAgb11rSlVANAAu9CpfIZBn2Z+G9mM7YwFOQBudEJEPMv8brfF I96daGizKbBPsSICioFhRUGFgCgoFawfBgMHkfRueJce/jBBNCzirMiqxIE7MYqto+IVm7h/LiZI QAAAOw== - ------=_NextPart_000_0371_01C1E2F9.F53C2C20-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2299 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.