Re: AW: [CANSLIM] market direction

From: Dan <danc@compuall.net>
Subject: Re: AW: [CANSLIM] market direction
Date: Sun, 13 Jan 2002 09:13:51 -0800

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Spx weekly chart shows strong resistance for 6 weeks at about 1177.  Might get nice move, if it can close
above!

Andreas Himmelreich wrote:

> Only 1 Diss Day this week, rest of the retrace was on lower vol, so nothing to worry about.
> Nevertheless a lot of BOs failed or had severe retraces on Friday (GISX DYII).
>
> I was able to make good money this week, right now for me the market is in a neutral mood.
> It is a stock picker market, smal to mid cap value and growth (at the same time) like in Stocks
> like DFXI, TTIL etc. are in good shape.
>
> Nevertheless: The roaring bull market of the 90s will not come back ... As soon this happens (first week of
> Jan), the market reacts very fast to the downside (like this week).
>
> > -----Ursprungliche Nachricht-----
> > Von:  Kent Norman [SMTP:kent_norman@yahoo.com]
> > Gesendet am:  Sunday, January 13, 2002 4:11 PM
> > An:   CANSLIM
> > Betreff:      [CANSLIM] market direction
> >
> > Many "experts" are expecting the market to follow
> > tradition and rise in January and go flat to down for
> > a few months. Do you think this weeks 5 down days are
> > meaningful?
> >
> > I know WON says we don't need to be concerned with
> > where the market is heading, just where it is.
> >
> > So where is it? Is the party over? Should we all get
> > out of the pool?
> >
> > Kent Norman
> >
> >
> > =====
> > Opportunities always look bigger going than coming.
> >
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