Go to Jeff Salisbury LWGate Home Page.From: "Ann" <annholly@mediaone.net>
Subject: Re: [CANSLIM] market direction/EFTs
Date: Sun, 13 Jan 2002 16:41:15 -0500
Next Article (by Author): Re: [CANSLIM] Opinions on KKD? "Katherine Malm"
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Thank you Rolf, Tom, Andreas, Katherine for your ideas. I have so much =
to learn! I don't know where I got the idea that if the M is strong for =
value stocks, it's weak for growth stocks, and v.v.
Ann
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Sunday, January 13, 2002 12:55 PM
Subject: Re: [CANSLIM] market direction/EFTs
Here's a good way to look at the relative performance of the markets =
since key dates:
I like to see these in bar chart view, but you can use line charts as =
well, as both are available:
Look at comparisons from key dates to Friday's close (1/11/02):
Bull market top: 3/21/2001 (202 days)
Latest market peak: 5/21/2001 (160 days)
Follow-thru day: 9/28/2001 (73 days)
This will give you a comparison between Russell 2000 (small cap), =
MidCap, Large Cap, Naz100 (large cap tech), Dow and total market =
proxies:
http://stockcharts.com/webcgi/wb.exe?Perf.web+IWM,MDY,QQQ,DIA,IYY
There is a bar at the bottom of the chart that you can stretch to the =
days right and left that you want to consider once the chart is built. =
Roll your cursor over the chart and the key information for each index =
will pop up.
This will give you a comparison between styles Sm Cap Growth, Mid Cap =
Growth, Lg Cap Growth,Sm Cap Val, Mid Cap Val, Lg Cap Val. Again, run =
these from the key date until today and you will be able to make your =
own conclusions about growth/value.
http://stockcharts.com/webcgi/wb.exe?Perf.web+IJT,IJK,IVW,IJS,IJJ,IVE
For a more general comparison between growth, value, total market, =
try:
http://stockcharts.com/webcgi/wb.exe?Perf.web+IWZ,IWW,IYY
Katherine
----- Original Message -----=20
From: Ann=20
To: canslim@lists.xmission.com=20
Sent: Sunday, January 13, 2002 12:05 PM
Subject: Re: [CANSLIM] market direction/EFTs
Thanks for your response, Andreas. I think I see what you are =
saying.
I invested in a SmallCap EFT recently, and was wondering whether I =
should
have!
----- Original Message -----
From: "Andreas Himmelreich" <judgejimmy@web.de>
To: <canslim@lists.xmission.com>
Sent: Sunday, January 13, 2002 12:27 PM
Subject: AW: [CANSLIM] market direction
: You do not have to buy stocks with high PEs. Just go into value =
and growth
and
: let the BOs of ultra High PE stocks fail.
:
: David Ryan says in Market Wizards that the PE (or the Value) is =
important
(even Won does not say it) for
: the probabillity of a good breakout.
:
: I do belive that the market right now differenciates, its not a =
nutty bull
market like in the 90s where
: everything went up, no matter its fundamentals (in some stages of =
the bull
market).
:
: But the market is not so bad, that it sends down all stocks, it
differenciates, thats all...
:
: I do actually not care about the market direction too much. The =
only
question that is interesting:
: Is there an area which is profitable? (so far only on the long =
side) There
where 100000s of long chances even in 2000 and 2001.
:
: Are there Industry Groups that set up a bull market for its member =
stocks?
If yes, money is around the corner. Pick it up and ride it.
: Just look at stuff like TARO, MDCI, AHMH, BZH in 2001...
:
: December was pretty much flat on the Indexes, but it was a great =
month for
a lot of canslim stocks.
:
: I acutally would like it if the Nasdaq would be still on 2000 =
Points at
the end of the year, as long
: fundamentally sound stocks go up and grap goes down.
:
: The only moment you have to be aware of is the moment gets so bad, =
that
nothing works, every Industry Group
: goes down pricewise, everything rolls over, no matter how good the
fundamentals of the stocks. Then and only then
: it is time to get flat. In 2001 that was from August to the =
beginning of
October.
:
: Sorry to be so opinionated.
:
: Andreas
:
:
: > -----Ursprungliche Nachricht-----
: > Von: rolf hertenstein [SMTP:rolfh@mindspring.com]
: > Gesendet am: Sunday, January 13, 2002 5:54 PM
: > An: canslim@lists.xmission.com
: > Betreff: Re: [CANSLIM] market direction
: >
: > I'm still concerned about the overall market valuation, which =
remains
high.
: > Yes, as earnings improve, market P/Es should lower, assuming =
prices
: > don't accelerate faster than earnings improve.
: >
: > Even though WON gives little credence to P/Es, I'm adding a P
: > (CANSLIMP ?) for the time being. I think many investors will be =
spooked
: > by high P/Es (e.g., KKD) and tend towards solid companies with
relatively
: > low P/Es. Just one new investor's opinion.
: >
: > Rolf
: >
: > ----- Original Message -----
: > From: "Dan Forant" <dforant1@nycap.rr.com>
: > To: <canslim@lists.xmission.com>
: > Sent: Sunday, January 13, 2002 9:31 AM
: > Subject: Re: [CANSLIM] market direction
: >
: >
: > > I have been saying all along this is going to be a =
sloooooooowwwww,
: > > recovery. Well into the year. All we have to do is *read* the =
news. I
: > listen
: > > to a local analyst here named Larry King, he's with Smith =
Barney. A
few
: > > weeks ago he was calling for a quick market return. Just =
Friday he
changed
: > > course and now calls for growth but very slow. Analysts jobs =
from
: > brokerage
: > > houses are to soften the tone of bad news. They can even make =
it sound
: > good.
: > > Sure there are stocks out there that the savvy trader may =
pick, but on
: > > average not. It takes months to years for rate and tax cuts to =
filter
into
: > > the economy.
: > >
: > > DanF
: > >
: > >
: > > ----- Original Message -----
: > > From: "Kent Norman" <kent_norman@yahoo.com>
: > > To: "CANSLIM" <canslim@xmission.com>
: > > Sent: Sunday, January 13, 2002 10:11 AM
: > > Subject: [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
: > > >
: > > >
: > > > =3D=3D=3D=3D=3D
: > > > Opportunities always look bigger going than coming.
: > > >
: > > > __________________________________________________
: > > > Do You Yahoo!?
: > > > Send FREE video emails in Yahoo! Mail!
: > > > http://promo.yahoo.com/videomail/
: > > >
: > > > -
: > > > -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.
:
-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.
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<STYLE></STYLE>
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<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2>Thank you Rolf, Tom, Andreas, Katherine for your =
ideas. I have=20
so much to learn! I don't know where I got the idea that if the M is =
strong for=20
value stocks, it's weak for growth stocks, and v.v.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ann</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, January 13, 2002 =
12:55=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] market=20
direction/EFTs</DIV>
<DIV><BR></DIV>
<DIV>
<DIV>Here's a good way to look at the relative performance of the =
markets=20
since key dates:</DIV>
<DIV> </DIV>
<DIV>I like to see these in bar chart view, but you can use line =
charts as=20
well, as both are available:</DIV>
<DIV> </DIV>
<DIV>Look at comparisons from key dates to Friday's close =
(1/11/02):</DIV>
<DIV> </DIV>
<DIV>Bull market top: 3/21/2001 (202 days)</DIV>
<DIV>Latest market peak: 5/21/2001 (160 days)</DIV>
<DIV>Follow-thru day: 9/28/2001 (73 days)</DIV>
<DIV> </DIV>
<DIV>This will give you a comparison between Russell 2000 (small cap), =
MidCap,=20
Large Cap, Naz100 (large cap tech), Dow and total market =
proxies:</DIV>
<DIV><A=20
=
href=3D"http://stockcharts.com/webcgi/wb.exe?Perf.web+IWM,MDY,QQQ,DIA,IYY=
">http://stockcharts.com/webcgi/wb.exe?Perf.web+IWM,MDY,QQQ,DIA,IYY</A><A=
=20
=
href=3D"http://stockcharts.com/webcgi/wb.exe?Perf.web+RUT,MDY,SPY,QQQ,DIA=
,IYY"></A></DIV>
<DIV>There is a bar at the bottom of the chart that you can stretch to =
the=20
days right and left that you want to consider once the chart is built. =
Roll=20
your cursor over the chart and the key information for each index will =
pop=20
up.</DIV>
<DIV> </DIV>
<DIV>This will give you a comparison between styles Sm Cap Growth, Mid =
Cap=20
Growth, Lg Cap Growth,Sm Cap Val, Mid Cap Val, Lg Cap Val. Again, run =
these=20
from the key date until today and you will be able to make your own=20
conclusions about growth/value.</DIV>
<DIV><A=20
=
href=3D"http://stockcharts.com/webcgi/wb.exe?Perf.web+IJT,IJK,IVW,IJS,IJJ=
,IVE">http://stockcharts.com/webcgi/wb.exe?Perf.web+IJT,IJK,IVW,IJS,IJJ,I=
VE</A></DIV>
<DIV> </DIV>
<DIV>For a more general comparison between growth, value, total =
market,=20
try:</DIV>
<DIV><A=20
=
href=3D"http://stockcharts.com/webcgi/wb.exe?Perf.web+IWZ,IWW,IYY">http:/=
/stockcharts.com/webcgi/wb.exe?Perf.web+IWZ,IWW,IYY</A></DIV>
<DIV> </DIV>
<DIV>Katherine<A=20
=
href=3D"http://stockcharts.com/webcgi/wb.exe?Perf.web+ijt,ijk,iwf,ijs,ijj=
,ive"></A></DIV></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dannholly@mediaone.net =
href=3D"mailto:annholly@mediaone.net">Ann</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, January 13, =
2002 12:05=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] market =
direction/EFTs</DIV>
<DIV><BR></DIV>Thanks for your response, Andreas. I think I see what =
you are=20
saying.<BR>I invested in a SmallCap EFT recently, and was wondering =
whether=20
I should<BR>have!<BR>----- Original Message -----<BR>From: "Andreas=20
Himmelreich" <<A=20
href=3D"mailto:judgejimmy@web.de">judgejimmy@web.de</A>><BR>To: =
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>Sent:=20
Sunday, January 13, 2002 12:27 PM<BR>Subject: AW: [CANSLIM] market=20
direction<BR><BR><BR>: You do not have to buy stocks with high PEs. =
Just go=20
into value and growth<BR>and<BR>: let the BOs of ultra High PE =
stocks=20
fail.<BR>:<BR>: David Ryan says in Market Wizards that the PE (or =
the Value)=20
is important<BR>(even Won does not say it) for<BR>: the probabillity =
of a=20
good breakout.<BR>:<BR>: I do belive that the market right now=20
differenciates, its not a nutty bull<BR>market like in the 90s =
where<BR>:=20
everything went up, no matter its fundamentals (in some stages of =
the=20
bull<BR>market).<BR>:<BR>: But the market is not so bad, that it =
sends down=20
all stocks, it<BR>differenciates, thats all...<BR>:<BR>: I do =
actually not=20
care about the market direction too much. The only<BR>question that =
is=20
interesting:<BR>: Is there an area which is profitable? (so far only =
on the=20
long side) There<BR>where 100000s of long chances even in 2000 and=20
2001.<BR>:<BR>: Are there Industry Groups that set up a bull market =
for its=20
member stocks?<BR>If yes, money is around the corner. Pick it up and =
ride=20
it.<BR>: Just look at stuff like TARO, MDCI, AHMH, BZH in =
2001...<BR>:<BR>:=20
December was pretty much flat on the Indexes, but it was a great =
month=20
for<BR>a lot of canslim stocks.<BR>:<BR>: I acutally would like it =
if the=20
Nasdaq would be still on 2000 Points at<BR>the end of the year, as =
long<BR>:=20
fundamentally sound stocks go up and grap goes down.<BR>:<BR>: The =
only=20
moment you have to be aware of is the moment gets so bad, =
that<BR>nothing=20
works, every Industry Group<BR>: goes down pricewise, everything =
rolls over,=20
no matter how good the<BR>fundamentals of the stocks. Then and only=20
then<BR>: it is time to get flat. In 2001 that was from August to =
the=20
beginning of<BR>October.<BR>:<BR>: Sorry to be so =
opinionated.<BR>:<BR>:=20
Andreas<BR>:<BR>:<BR>: > -----Ursprungliche Nachricht-----<BR>: =
> Von:=20
rolf hertenstein [SMTP:rolfh@mindspring.com]<BR>: > Gesendet am: =
Sunday,=20
January 13, 2002 5:54 PM<BR>: > An: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>:=20
> Betreff: Re: [CANSLIM] market direction<BR>: ><BR>: > I'm =
still=20
concerned about the overall market valuation, which =
remains<BR>high.<BR>:=20
> Yes, as earnings improve, market P/Es should lower, assuming=20
prices<BR>: > don't accelerate faster than earnings improve.<BR>: =
><BR>: > Even though WON gives little credence to P/Es, I'm =
adding a=20
P<BR>: > (CANSLIMP ?) for the time being. I think many =
investors=20
will be spooked<BR>: > by high P/Es (e.g., KKD) and tend towards =
solid=20
companies with<BR>relatively<BR>: > low P/Es. Just one new=20
investor's opinion.<BR>: ><BR>: > Rolf<BR>: ><BR>: =
> -----=20
Original Message -----<BR>: > From: "Dan Forant" <<A=20
=
href=3D"mailto:dforant1@nycap.rr.com">dforant1@nycap.rr.com</A>><BR>: =
>=20
To: <<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>:=20
> Sent: Sunday, January 13, 2002 9:31 AM<BR>: > Subject: Re: =
[CANSLIM]=20
market direction<BR>: ><BR>: ><BR>: > > I have been =
saying all=20
along this is going to be a sloooooooowwwww,<BR>: > > =
recovery. Well=20
into the year. All we have to do is *read* the news. I<BR>: > =
listen<BR>:=20
> > to a local analyst here named Larry King, he's with Smith =
Barney.=20
A<BR>few<BR>: > > weeks ago he was calling for a quick market =
return.=20
Just Friday he<BR>changed<BR>: > > course and now calls for =
growth but=20
very slow. Analysts jobs from<BR>: > brokerage<BR>: > > =
houses are=20
to soften the tone of bad news. They can even make it sound<BR>: =
>=20
good.<BR>: > > Sure there are stocks out there that the savvy =
trader=20
may pick, but on<BR>: > > average not. It takes months to =
years for=20
rate and tax cuts to filter<BR>into<BR>: > > the economy.<BR>: =
>=20
><BR>: > > DanF<BR>: > ><BR>: > ><BR>: > =
> -----=20
Original Message -----<BR>: > > From: "Kent Norman" <<A=20
=
href=3D"mailto:kent_norman@yahoo.com">kent_norman@yahoo.com</A>><BR>: =
>=20
> To: "CANSLIM" <<A=20
=
href=3D"mailto:canslim@xmission.com">canslim@xmission.com</A>><BR>: =
>=20
> Sent: Sunday, January 13, 2002 10:11 AM<BR>: > > Subject: =
[CANSLIM] market direction<BR>: > ><BR>: > ><BR>: > =
> >=20
Many "experts" are expecting the market to follow<BR>: > > =
>=20
tradition and rise in January and go flat to down for<BR>: > > =
> a=20
few months. Do you think this weeks 5 down days are<BR>: > > =
>=20
meaningful?<BR>: > > ><BR>: > > > I know WON says =
we don't=20
need to be concerned with<BR>: > > > where the market is =
heading,=20
just where it is.<BR>: > > ><BR>: > > > So where =
is it? Is=20
the party over? Should we all get<BR>: > > > out of the =
pool?<BR>:=20
> > ><BR>: > > > Kent Norman<BR>: > > =
><BR>: >=20
> ><BR>: > > > =3D=3D=3D=3D=3D<BR>: > > > =
Opportunities always=20
look bigger going than coming.<BR>: > > ><BR>: > > =
>=20
__________________________________________________<BR>: > > =
> Do=20
You Yahoo!?<BR>: > > > Send FREE video emails in Yahoo! =
Mail!<BR>:=20
> > > <A=20
=
href=3D"http://promo.yahoo.com/videomail/">http://promo.yahoo.com/videoma=
il/</A><BR>:=20
> > ><BR>: > > > -<BR>: > > > -To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>: =
>=20
> > -In the email body, write "subscribe canslim" or<BR>: > =
>=20
> -"unsubscribe canslim". Do not use quotes in your =
email.<BR>:=20
> > ><BR>: > ><BR>: > ><BR>: > > -<BR>: =
> >=20
-To subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>: =
>=20
> -In the email body, write "subscribe canslim" or<BR>: > > =
-"unsubscribe canslim". Do not use quotes in your email.<BR>: =
>=20
><BR>: ><BR>: ><BR>: > -<BR>: > -To =
subscribe/unsubscribe,=20
email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>: =
>=20
-In the email body, write "subscribe canslim" or<BR>: > =
- -"unsubscribe=20
canslim". Do not use quotes in your email.<BR>:<BR>: -<BR>: =
- -To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>: =
- -In=20
the email body, write "subscribe canslim" or<BR>: -"unsubscribe=20
canslim". Do not use quotes in your =
email.<BR>:<BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0099_01C19C51.1E511980--
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- -To subscribe/unsubscribe, email "majordomo@xmission.com"
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Next Article (by Author): Re: [CANSLIM] Opinions on KKD? "Katherine Malm"
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