From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3419 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 Tuesday, July 15 2003 Volume 02 : Number 3419 In this issue: Re: [CANSLIM] Trade Fee Re: [CANSLIM] Trade Fee Re: [CANSLIM] Market Trend Charts CS Groups -- was Re: [CANSLIM] Trade Fee Re: [CANSLIM] Trade Fee Re: [CANSLIM] Trade Fee Re: [CANSLIM] Market Trend Charts RE: [CANSLIM] Market Trend Charts ---------------------------------------------------------------------- Date: Tue, 15 Jul 2003 10:58:55 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] Trade Fee Marc, E-Trade advertise the fee as a flat fee of $9.99. What do you mean by Market trade is $19.99 plus $3? market trade = market order? Are you saying that a regular trade will cost you $22.99 instead of $9.99? tomas - --- Marc Deiter wrote: > Tomas, > > I currently use E-Trade, but am looking to switch. > SmartMoney > magazine in it's August issue reviews the Basic > Discount Brokers and > Premium Discount Brokers. For the Basic Discount > category, E-Trade > is stated as having "the highest fees of the bunch". > Market trade > commissions at E-Trade run $19.99 plus a $3 fee, > total of $22.99. TD > Waterhouse was ranked #1 in the Basic Discount > category, even with > the $17.95 market trade commission. > > The article commented on Firsttrade > (www.firstrade.com) as "cheap > trades and great execution, but that's about it". > The listed > commission for a market trade was $6.95. > > Marc > > --- Tomas wrote: > > Hi All, > > > > I just noticed that TDwaterhouse (my brokerage) > jacked > > up the trade fee from $12 to $17.95. So, just > > curious, what do you guys pay for your commission > fee > > (what brokerage). I know that you get what you > pay > > for, but using CS I do not use any of the > brokerage > > services (research,...). I have all the tools I > need > > already. I am only interested in good execution > and > > low fees from a brokerage. Or maybe I am missing > out > > on some of the services that the brokerage is > > providing. > > > > inputs? > > > > Thanks, > > tomas > > > > __________________________________ > > Do you Yahoo!? > > SBC Yahoo! DSL - Now only $29.95 per month! > > http://sbc.yahoo.com > > > > - > > -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. __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com - - - -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: Tue, 15 Jul 2003 13:02:18 -0500 (CDT) From: "Robert Gammon" Subject: Re: [CANSLIM] Trade Fee Tomas, E-Trade charges different commissions depending on how many trades you make with them per quarter. Frenetic traders who make several trades every day may be able to qualify for that $9.95/trade figure. Most of the rest of us will pay that $22. Robert Gammon Houston, TX On Tue, 15 Jul 2003 10:58:55 -0700 (PDT), Tomas wrote: >Marc, > >E-Trade advertise the fee as a flat fee of $9.99. >What do you mean by Market trade is $19.99 plus $3? >market trade = market order? Are you saying that a >regular trade will cost you $22.99 instead of $9.99? > >tomas > >--- Marc Deiter wrote: >> Tomas, >> >> I currently use E-Trade, but am looking to switch. >> SmartMoney >> magazine in it's August issue reviews the Basic >> Discount Brokers and >> Premium Discount Brokers. For the Basic Discount >> category, E-Trade >> is stated as having "the highest fees of the bunch". >> Market trade >> commissions at E-Trade run $19.99 plus a $3 fee, >> total of $22.99. TD >> Waterhouse was ranked #1 in the Basic Discount >> category, even with >> the $17.95 market trade commission. >> >> The article commented on Firsttrade >> (www.firstrade.com) as "cheap >> trades and great execution, but that's about it". >> The listed >> commission for a market trade was $6.95. >> >> Marc >> >> --- Tomas wrote: >> > Hi All, >> > >> > I just noticed that TDwaterhouse (my brokerage) >> jacked >> > up the trade fee from $12 to $17.95. So, just >> > curious, what do you guys pay for your commission >> fee >> > (what brokerage). I know that you get what you >> pay >> > for, but using CS I do not use any of the >> brokerage >> > services (research,...). I have all the tools I >> need >> > already. I am only interested in good execution >> and >> > low fees from a brokerage. Or maybe I am missing >> out >> > on some of the services that the brokerage is >> > providing. >> > >> > inputs? >> > >> > Thanks, >> > tomas >> > >> > __________________________________ >> > Do you Yahoo!? >> > SBC Yahoo! DSL - Now only $29.95 per month! >> > http://sbc.yahoo.com >> > >> > - >> > -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. > > >__________________________________ >Do you Yahoo!? >SBC Yahoo! DSL - Now only $29.95 per month! >http://sbc.yahoo.com > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. Robert Gammon Houston, TX - - - -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: Tue, 15 Jul 2003 13:06:06 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] Market Trend Charts This is a multi-part message in MIME format. - ------=_NextPart_000_0153_01C34AD1.DA038570 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageKelly, forgive the clich=E9......... "The trend is your friend". = =20 Now here's another profound statement "the trend is up until proven = otherwise". =20 Many indicators are showing overbought, but they can stay overbought for = a long long time. Take last year, they stayed oversold for a long long = time. Most likely there is a bit of consolidation going on .... but = who knows which way the break will occur. One just has to decide at = what point the trend has changed from up to down (or sideways). And at = what point another breakout to the upside has occurred. Each person = must decide this on his/her own.=20 We were told that there would not be a post war rally - is that true? We were told the new dividend law would not affect stock prices - is = that true? Although I don't see signs of a renewed bear.... I hear them in the = background.... moaning and groaning as they try to save face after = losing their butts.... shorting this year. I feel that the market has to continue its upward trend because the = public wants it to (to say nothing about the administration). When I = attend meetings, read user group email and talk to friends I'm reminded = of the Statue of Liberty.... "give me your tired, your poor, your huddled masses yearning to breathe = free" =20 translated to: We're tired (poor management, manipulation, lies, cooked books), we're = poor, your investors are yearning to once again believe!!!! = ... kind of corny but what the heck! Gene ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 15, 2003 10:53 AM Subject: RE: [CANSLIM] Market Trend Charts Gene, Do you have any opinions to offer regarding this information? I see = that many stocks are above their 50 and 200 dma and that RS lines are = trending downward. However, most stocks seem to be trading between their = upper and lower bands and money flow doesn't seem to indicate enormous = swings either way. Do you think the market is a) absorbing a recent = run-up b) peaking before a short term decline towards a resistance = point, or c) giving the bear market pundits fuel for the flames (e.g. = forecasting a major decline)? I'd be interested to hear what you have to = say. Thanks. Kelly -----Original Message----- From: Gene Ricci [mailto:genr@swbell.net] Sent: Monday, July 14, 2003 7:19 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Market Trend Charts May be of interest to you. Gene Charts have been updated through today (7/14) http://www.sectorrotationfund.com/MarketTrends.htm Duke Jones, CMT www.longboatglobal.com www.sectorrotationfund.com - ------=_NextPart_000_0153_01C34AD1.DA038570 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Kelly, forgive = the clich=E9......... "The=20 trend is your friend".  
 
Now here's another profound statement = "the trend=20 is up until proven otherwise". 
 
Many indicators are showing = overbought, but=20 they can stay overbought for a long long time.  Take last = year,=20 they stayed oversold for a long long time.   Most likely there = is a=20 bit of consolidation going on .... but who knows which way the = break=20 will occur.  One just has to decide at what point the = trend has=20 changed from up to down (or sideways).  And at what = point another=20 breakout to the upside has occurred.  Each person must decide this = on=20 his/her own. 
 
We were told that there would not be a = post war=20 rally - is that true?
We were told the new dividend law = would not=20 affect stock prices - is that true?
 
Although I don't see signs of a = renewed=20 bear.... I hear them in the background.... moaning and groaning as = they try=20 to save face after losing their butts....  shorting this = year.
 
I feel that the market has to = continue its=20 upward trend because the public wants it to (to say nothing about the=20 administration). When I attend meetings, read user group email and talk = to=20 friends I'm reminded of the Statue of Liberty....
 
"give me your tired, your poor, = your=20 huddled masses yearning to breathe free"
 
translated to:
 
We're tired (poor management, = manipulation,=20 lies, cooked books), we're poor, your investors are yearning to = once=20 again believe!!!!        &nb= sp; =20 ... kind of corny but what the=20 heck!
 
Gene
 
 
 
----- Original Message -----
From:=20 Kelly Short
Sent: Tuesday, July 15, 2003 = 10:53=20 AM
Subject: RE: [CANSLIM] Market = Trend=20 Charts

Gene,
 
Do=20 you have any opinions to offer regarding this information? I see that = many=20 stocks are above their 50 and 200 dma and that RS lines are trending = downward.=20 However, most stocks seem to be trading between their upper and lower = bands=20 and money flow doesn't seem to indicate enormous swings either way. Do = you=20 think the market is a) absorbing a recent run-up b) peaking before a = short=20 term decline towards a resistance point, or c) giving the bear = market=20 pundits fuel for the flames (e.g. forecasting a major decline)? I'd be = interested to hear what you have to say. Thanks.
 
Kelly
-----Original Message-----
From: Gene Ricci=20 [mailto:genr@swbell.net]
Sent: Monday, July 14, 2003 7:19=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Market Trend Charts

May be of interest to = you.
 
Gene
 

Charts have been updated through today = (7/14)
 
http://www.se= ctorrotationfund.com/MarketTrends.htm
 
Duke Jones, CMT
www.longboatglobal.com<= /DIV>
www.sectorrotationfund.com=
 
- ------=_NextPart_000_0153_01C34AD1.DA038570-- - - - -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: Tue, 15 Jul 2003 13:00:33 -0500 From: Mike Baudino Subject: CS Groups -- was Re: [CANSLIM] Trade Fee Anybody know of a CS group in the Chicago area? "Robert Gammon" @lists.xmission.com on 07/15/2003 12:39:35 PM Please respond to canslim@lists.xmission.com Sent by: owner-canslim@lists.xmission.com To: "canslim@lists.xmission.com" cc: Subject: Re: [CANSLIM] Trade Fee Yes, there is one. Meets in one of the Galleria area hotels twice per month. A meal is generally included, so the meetings are not free. Robert Gammon Houston, TX On Tue, 15 Jul 2003 10:35:33 -0700 (PDT), Tomas wrote: >Robert, > >Do you know if there is a CS group in Houston? >I'm in Houston too. > >tomas > >--- Robert Gammon wrote: >> Brown&Co and Ameritrade both have reasonable >> commissions in the >> $10 to $12 range for limit and stop orders. There >> are lots of >> brokers out there in the Internet community that >> charge less than >> $15 per trade. >> >> Robert Gammon >> Houston, TX >> >> On Tue, 15 Jul 2003 10:27:44 -0700 (PDT), Tomas >> wrote: >> >> >Hi All, >> > >> >I just noticed that TDwaterhouse (my brokerage) >> jacked >> >up the trade fee from $12 to $17.95. So, just >> >curious, what do you guys pay for your commission >> fee >> >(what brokerage). I know that you get what you pay >> >for, but using CS I do not use any of the brokerage >> >services (research,...). I have all the tools I >> need >> >already. I am only interested in good execution >> and >> >low fees from a brokerage. Or maybe I am missing >> out >> >on some of the services that the brokerage is >> >providing. >> > >> >inputs? >> > >> >Thanks, >> >tomas >> > >> >__________________________________ >> >Do you Yahoo!? >> >SBC Yahoo! DSL - Now only $29.95 per month! >> >http://sbc.yahoo.com >> > >> >- >> >-To subscribe/unsubscribe, email >> "majordomo@xmission.com" >> >-In the email body, write "subscribe canslim" or >> >-"unsubscribe canslim". Do not use quotes in your >> email. >> >> Robert Gammon >> Houston, TX >> >> >> - >> -To subscribe/unsubscribe, email >> "majordomo@xmission.com" >> -In the email body, write "subscribe canslim" or >> -"unsubscribe canslim". Do not use quotes in your >email. > > >__________________________________ >Do you Yahoo!? >SBC Yahoo! DSL - Now only $29.95 per month! >http://sbc.yahoo.com > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. Robert Gammon Houston, TX - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. ******************* PLEASE NOTE ******************* This E-Mail/telefax message and any documents accompanying this transmission may contain privileged and/or confidential information and is intended solely for the addressee(s) named above. If you are not the intended addressee/recipient, you are hereby notified that any use of, disclosure, copying, distribution, or reliance on the contents of this E-Mail/telefax information is strictly prohibited and may result in legal action against you. Please reply to the sender advising of the error in transmission and immediately delete/destroy the message and any accompanying documents. Thank you. - - - -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: Tue, 15 Jul 2003 12:19:24 -0600 From: "Rolf Hertenstein" Subject: Re: [CANSLIM] Trade Fee This is a multi-part message in MIME format. - ------=_NextPart_000_007D_01C34ACB.54090680 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I've got a WH account. They now also charge account fees below a = certain level. Their fees are based on number of trades per quarter. = Seems like it takes a lot of trades to get below $17.95. WH has great = customer service, but since I rarely need it, I've toyed with closing = WH. I've been using Scottrade as well for about 9 months. $7 trades or $12 = for stop or limit orders. They do have a nice alert system that WH does = not. All in all, executions have been just as good as WH and I've been = happy with Scottrade. I've got accounts for IRA, Roth IRA, and after tax, so no trade is that = big in terms of dollars. I agree with Robert - the almost $20 round = trip difference in commission is noteworthy, especially if trying to = stick by the 7-8% max loss rule when initially in a stock. Rolf ----- Original Message -----=20 From: RWElmer@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 15, 2003 11:42 AM Subject: Re: [CANSLIM] Trade Fee Hi Tomas, I use Firstrade. $6.95 for market orders. Few frills, but I don't need = them. I trade small enough amounts, as I build up my portfolio, that = those commissions make a big difference. Have been happy with the = service and have been there a couple of years. FWIW. Robert W. Elmer Coldwell Banker First Shasta 2837 Bechelli Ln. Redding, CA 96002 RWElmer@aol.com 221-9556 or 1-800-348-7939 ext.156 www.robertelmer.com=20 - ------=_NextPart_000_007D_01C34ACB.54090680 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I've got a WH account.  They now = also charge=20 account fees below a certain level.  Their fees are based on number = of=20 trades per quarter.  Seems like it takes a lot of trades to get = below=20 $17.95.   WH has great customer service, but since I rarely = need it,=20 I've toyed with closing WH.
 
I've been using Scottrade as well for = about 9=20 months.  $7 trades or $12 for stop or limit orders.  They do = have a=20 nice alert system that WH does not.  All in all,  executions = have been=20 just as good as WH and I've been happy with Scottrade.
 
I've got accounts for IRA, Roth IRA, = and after tax,=20 so no trade is that big in terms of dollars.  I agree = with Robert -=20 the almost $20 round trip difference in commission is noteworthy, = especially if=20 trying to stick by the 7-8% max loss rule when initially in a=20 stock.
 
 Rolf
----- Original Message -----
From:=20 RWElmer@aol.com=20
Sent: Tuesday, July 15, 2003 = 11:42=20 AM
Subject: Re: [CANSLIM] Trade = Fee

Hi Tomas,

I use Firstrade. $6.95 = for market=20 orders. Few frills, but I don't need them. I trade small enough = amounts, as I=20 build up my portfolio, that those commissions make a big difference. = Have been=20 happy with the service and have been there a couple of years.=20 FWIW.

Robert W. Elmer
Coldwell Banker First = Shasta
2837=20 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com=20 - ------=_NextPart_000_007D_01C34ACB.54090680-- - - - -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: Tue, 15 Jul 2003 11:14:07 -0700 (PDT) From: Marc Deiter Subject: Re: [CANSLIM] Trade Fee Tomas, The number of trades to get the lower commission is 26 per quarter, I believe. E-Trade also list's a price of $14.95 for market orders but I'm not clear on what this is for. I do not trade often enough to get the lower rates, all of my trades have been $22 and change, each way. Marc - --- Robert Gammon wrote: > Tomas, > E-Trade charges different commissions depending on how many > trades you make with them per quarter. Frenetic traders who make > several trades every day may be able to qualify for that > $9.95/trade figure. Most of the rest of us will pay that $22. > > Robert Gammon > Houston, TX > > On Tue, 15 Jul 2003 10:58:55 -0700 (PDT), Tomas wrote: > > >Marc, > > > >E-Trade advertise the fee as a flat fee of $9.99. > >What do you mean by Market trade is $19.99 plus $3? > >market trade = market order? Are you saying that a > >regular trade will cost you $22.99 instead of $9.99? > > > >tomas > > > >--- Marc Deiter wrote: > >> Tomas, > >> > >> I currently use E-Trade, but am looking to switch. > >> SmartMoney > >> magazine in it's August issue reviews the Basic > >> Discount Brokers and > >> Premium Discount Brokers. For the Basic Discount > >> category, E-Trade > >> is stated as having "the highest fees of the bunch". > >> Market trade > >> commissions at E-Trade run $19.99 plus a $3 fee, > >> total of $22.99. TD > >> Waterhouse was ranked #1 in the Basic Discount > >> category, even with > >> the $17.95 market trade commission. > >> > >> The article commented on Firsttrade > >> (www.firstrade.com) as "cheap > >> trades and great execution, but that's about it". > >> The listed > >> commission for a market trade was $6.95. > >> > >> Marc > >> > >> --- Tomas wrote: > >> > Hi All, > >> > > >> > I just noticed that TDwaterhouse (my brokerage) > >> jacked > >> > up the trade fee from $12 to $17.95. So, just > >> > curious, what do you guys pay for your commission > >> fee > >> > (what brokerage). I know that you get what you > >> pay > >> > for, but using CS I do not use any of the > >> brokerage > >> > services (research,...). I have all the tools I > >> need > >> > already. I am only interested in good execution > >> and > >> > low fees from a brokerage. Or maybe I am missing > >> out > >> > on some of the services that the brokerage is > >> > providing. > >> > > >> > inputs? > >> > > >> > Thanks, > >> > tomas > >> > > >> > __________________________________ > >> > Do you Yahoo!? > >> > SBC Yahoo! DSL - Now only $29.95 per month! > >> > http://sbc.yahoo.com > >> > > >> > - > >> > -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. > > > > > >__________________________________ > >Do you Yahoo!? > >SBC Yahoo! DSL - Now only $29.95 per month! > >http://sbc.yahoo.com > > > >- > >-To subscribe/unsubscribe, email "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" or > >-"unsubscribe canslim". Do not use quotes in your email. > > Robert Gammon > Houston, TX > > > - > -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: Tue, 15 Jul 2003 14:36:18 EDT From: Chazmoore@aol.com Subject: Re: [CANSLIM] Market Trend Charts - --part1_e.3329a7e7.2c45a3a2_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit HOORAY for corny Gene. I liked it. Charley - --part1_e.3329a7e7.2c45a3a2_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable HOORAY for corny Gene. I=20= liked it. Charley - --part1_e.3329a7e7.2c45a3a2_boundary-- - - - -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: Tue, 15 Jul 2003 13:40:28 -0500 From: "Kelly Short" Subject: RE: [CANSLIM] Market Trend Charts This is a multi-part message in MIME format. - ------_=_NextPart_001_01C34B00.901763C4 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, =20 What was in your patriotic Wheeties this morning?! Thanks for the = explanation though. Have you thought about a career in politics because = that answer was perfectly on the middle ground.=20 =20 Okay, okay. I'll ride the trend. I'm just bitter: three of my recent BO = purchases have gotten SARS and are in quarantine. I fear I may lose them = to the "disease", or the hurricane, or whatever ailment is keeping them = from soaring. =20 That said- I did enjoy reading the information you passed along- thanks! =20 Kelly - -----Original Message----- From: Gene Ricci [mailto:genr@swbell.net] Sent: Tuesday, July 15, 2003 1:06 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Market Trend Charts Kelly, forgive the clich=E9......... "The trend is your friend". =20 =20 Now here's another profound statement "the trend is up until proven = otherwise". =20 =20 Many indicators are showing overbought, but they can stay overbought for = a long long time. Take last year, they stayed oversold for a long long = time. Most likely there is a bit of consolidation going on .... but = who knows which way the break will occur. One just has to decide at = what point the trend has changed from up to down (or sideways). And at = what point another breakout to the upside has occurred. Each person = must decide this on his/her own.=20 =20 We were told that there would not be a post war rally - is that true? We were told the new dividend law would not affect stock prices - is = that true? =20 Although I don't see signs of a renewed bear.... I hear them in the = background.... moaning and groaning as they try to save face after = losing their butts.... shorting this year. =20 I feel that the market has to continue its upward trend because the = public wants it to (to say nothing about the administration). When I = attend meetings, read user group email and talk to friends I'm reminded = of the Statue of Liberty.... =20 "give me your tired, your poor, your huddled masses yearning to breathe = free" =20 translated to: =20 We're tired (poor management, manipulation, lies, cooked books), we're = poor, your investors are yearning to once again believe!!!! = ... kind of corny but what the heck! =20 Gene =20 =20 =20 - ----- Original Message -----=20 From: Kelly Short =20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 15, 2003 10:53 AM Subject: RE: [CANSLIM] Market Trend Charts Gene, =20 Do you have any opinions to offer regarding this information? I see that = many stocks are above their 50 and 200 dma and that RS lines are = trending downward. However, most stocks seem to be trading between their = upper and lower bands and money flow doesn't seem to indicate enormous = swings either way. Do you think the market is a) absorbing a recent = run-up b) peaking before a short term decline towards a resistance = point, or c) giving the bear market pundits fuel for the flames (e.g. = forecasting a major decline)? I'd be interested to hear what you have to = say. Thanks. =20 Kelly - -----Original Message----- From: Gene Ricci [mailto:genr@swbell.net] Sent: Monday, July 14, 2003 7:19 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Market Trend Charts May be of interest to you. =20 Gene =20 Charts have been updated through today (7/14) =20 http://www.sectorrotationfund.com/MarketTrends.htm =20 Duke Jones, CMT www.longboatglobal.com www.sectorrotationfund.com =20 - ------_=_NextPart_001_01C34B00.901763C4 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Gene,
 
What=20 was in your patriotic Wheeties this morning?! Thanks for the explanation = though.=20 Have you thought about a career in politics because that answer was = perfectly on=20 the middle ground.
 
Okay,=20 okay. I'll ride the trend. I'm just bitter: three of my recent BO = purchases have=20 gotten SARS and are in quarantine. I fear I may lose them to the = "disease", or=20 the hurricane, or whatever ailment is keeping them from=20 soaring.
 
That=20 said- I did enjoy reading the information you passed along-=20 thanks!
 
Kelly
-----Original Message-----
From: Gene Ricci=20 [mailto:genr@swbell.net]
Sent: Tuesday, July 15, 2003 1:06=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Market Trend Charts

Kelly, forgive = the clich=E9......... "The=20 trend is your friend".  
 
Now here's another profound = statement "the=20 trend is up until proven otherwise". 
 
Many indicators are showing = overbought,=20 but they can stay overbought for a long long time.  = Take last=20 year, they stayed oversold for a long long time.   Most = likely there=20 is a bit of consolidation going on .... but who knows which = way the=20 break will occur.  One just has to decide at what point = the=20 trend has changed from up to down (or sideways).  And at what=20 point another breakout to the upside has occurred.  Each = person must=20 decide this on his/her own. 
 
We were told that there would not be = a post=20 war rally - is that true?
We were told the new dividend law = would not=20 affect stock prices - is that true?
 
Although I don't see signs of a = renewed=20 bear.... I hear them in the background.... moaning and groaning = as they=20 try to save face after losing their butts....  shorting this=20 year.
 
I feel that the market has to = continue=20 its upward trend because the public wants it to (to say nothing about = the=20 administration). When I attend meetings, read user group email and = talk to=20 friends I'm reminded of the Statue of Liberty....
 
"give me your tired, your poor, = your=20 huddled masses yearning to breathe free"
 
translated to:
 
We're tired (poor management, = manipulation,=20 lies, cooked books), we're poor, your investors are yearning to = once=20 = again believe!!!!        &nb= sp; =20 ... kind of corny but what the=20 heck!
 
Gene
 
 
 
----- Original Message -----
From:=20 Kelly Short
Sent: Tuesday, July 15, 2003 = 10:53=20 AM
Subject: RE: [CANSLIM] Market = Trend=20 Charts

Gene,
 
Do=20 you have any opinions to offer regarding this information? I see = that many=20 stocks are above their 50 and 200 dma and that RS lines are trending = downward. However, most stocks seem to be trading between their = upper and=20 lower bands and money flow doesn't seem to indicate enormous swings = either=20 way. Do you think the market is a) absorbing a recent run-up b) = peaking=20 before a short term decline towards a resistance point, or c) = giving=20 the bear market pundits fuel for the flames (e.g. forecasting a = major=20 decline)? I'd be interested to hear what you have to say.=20 Thanks.
 
Kelly
-----Original Message-----
From: Gene Ricci=20 [mailto:genr@swbell.net]
Sent: Monday, July 14, 2003 = 7:19=20 PM
To: canslim@lists.xmission.com
Subject: = [CANSLIM]=20 Market Trend Charts

May be of interest to = you.
 
Gene
 

Charts have been updated through today = (7/14)
 
http://www.se= ctorrotationfund.com/MarketTrends.htm
 
Duke Jones, CMT
www.longboatglobal.com<= /DIV>
www.sectorrotationfund.com=
 
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