Go to Jeff Salisbury LWGate Home Page.From: Gyorgy Veszpremi <GyorgyV@rcmachine.com>
Subject: Re: [CANSLIM] market direction/EFTs
Date: Tue, 15 Jan 2002 09:01:48 -0600
Previous Article (by Subject): [CANSLIM] Kinda off topic - ZCOM "Tom Worley"
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- --------------183E1FB85DE5B86A66379756 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Actually the bull market top was in March of 2000. Katherine Malm wrote: > 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,IYYThere > 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 ----- > From: Ann > To: canslim@lists.xmission.com > 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 > : > > > > : > > > > : > > > ===== > : > > > 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. > - --------------183E1FB85DE5B86A66379756 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit <!doctype html public "-//w3c//dtd html 4.0 transitional//en"> <html> <body bgcolor="#FFFFFF"> Actually the bull market top was in March of 2000. <p>Katherine Malm wrote: <blockquote TYPE=CITE><style></style> 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:<a href="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>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.<a href="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,IVE</a> For a more general comparison between growth, value, total market, try:<a href="http://stockcharts.com/webcgi/wb.exe?Perf.web+IWZ,IWW,IYY">http://stockcharts.com/webcgi/wb.exe?Perf.web+IWZ,IWW,IYY</a> Katherine <blockquote style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <div style="FONT: 10pt arial">----- Original Message -----</div> <div style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><b>From:</b> <a href="mailto:annholly@mediaone.net" title="annholly@mediaone.net">Ann</a></div> <div style="FONT: 10pt arial"><b>To:</b> <a href="mailto:canslim@lists.xmission.com" title="canslim@lists.xmission.com">canslim@lists.xmission.com</a></div> <div style="FONT: 10pt arial"><b>Sent:</b> Sunday, January 13, 2002 12:05 PM</div> <div style="FONT: 10pt arial"><b>Subject:</b> Re: [CANSLIM] market direction/EFTs</div> Thanks for your response, Andreas. I think I see what you are saying. <br>I invested in a SmallCap EFT recently, and was wondering whether I should <br>have! <br>----- Original Message ----- <br>From: "Andreas Himmelreich" <<a href="mailto:judgejimmy@web.de">judgejimmy@web.de</a>> <br>To: <<a href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>> <br>Sent: Sunday, January 13, 2002 12:27 PM <br>Subject: AW: [CANSLIM] market direction <br> <p>: You do not have to buy stocks with high PEs. Just go into value and growth <br>and <br>: let the BOs of ultra High PE stocks fail. <br>: <br>: David Ryan says in Market Wizards that the PE (or the Value) is important <br>(even Won does not say it) for <br>: the probabillity of a good breakout. <br>: <br>: I do belive that the market right now differenciates, its not a nutty bull <br>market like in the 90s where <br>: everything went up, no matter its fundamentals (in some stages of the bull <br>market). <br>: <br>: But the market is not so bad, that it sends down all stocks, it <br>differenciates, thats all... <br>: <br>: I do actually not care about the market direction too much. The only <br>question that is interesting: <br>: Is there an area which is profitable? (so far only on the long side) There <br>where 100000s of long chances even in 2000 and 2001. <br>: <br>: Are there Industry Groups that set up a bull market for its member stocks? <br>If yes, money is around the corner. Pick it up and ride it. <br>: Just look at stuff like TARO, MDCI, AHMH, BZH in 2001... <br>: <br>: December was pretty much flat on the Indexes, but it was a great month for <br>a lot of canslim stocks. <br>: <br>: I acutally would like it if the Nasdaq would be still on 2000 Points at <br>the end of the year, as long <br>: fundamentally sound stocks go up and grap goes down. <br>: <br>: The only moment you have to be aware of is the moment gets so bad, that <br>nothing works, every Industry Group <br>: goes down pricewise, everything rolls over, no matter how good the <br>fundamentals of the stocks. Then and only then <br>: it is time to get flat. In 2001 that was from August to the beginning of <br>October. <br>: <br>: Sorry to be so opinionated. <br>: <br>: Andreas <br>: <br>: <br>: > -----Ursprungliche Nachricht----- <br>: > Von: rolf hertenstein [SMTP:rolfh@mindspring.com] <br>: > Gesendet am: Sunday, January 13, 2002 5:54 PM <br>: > An: <a href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a> <br>: > Betreff: Re: [CANSLIM] market direction <br>: > <br>: > I'm still concerned about the overall market valuation, which remains <br>high. <br>: > Yes, as earnings improve, market P/Es should lower, assuming prices <br>: > don't accelerate faster than earnings improve. <br>: > <br>: > Even though WON gives little credence to P/Es, I'm adding a P <br>: > (CANSLIMP ?) for the time being. I think many investors will be spooked <br>: > by high P/Es (e.g., KKD) and tend towards solid companies with <br>relatively <br>: > low P/Es. Just one new investor's opinion. <br>: > <br>: > Rolf <br>: > <br>: > ----- Original Message ----- <br>: > From: "Dan Forant" <<a href="mailto:dforant1@nycap.rr.com">dforant1@nycap.rr.com</a>> <br>: > To: <<a href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>> <br>: > Sent: Sunday, January 13, 2002 9:31 AM <br>: > Subject: Re: [CANSLIM] market direction <br>: > <br>: > <br>: > > I have been saying all along this is going to be a sloooooooowwwww, <br>: > > recovery. Well into the year. All we have to do is *read* the news. I <br>: > listen <br>: > > to a local analyst here named Larry King, he's with Smith Barney. A <br>few <br>: > > weeks ago he was calling for a quick market return. Just Friday he <br>changed <br>: > > course and now calls for growth but very slow. Analysts jobs from <br>: > brokerage <br>: > > houses are to soften the tone of bad news. They can even make it sound <br>: > good. <br>: > > Sure there are stocks out there that the savvy trader may pick, but on <br>: > > average not. It takes months to years for rate and tax cuts to filter <br>into <br>: > > the economy. <br>: > > <br>: > > DanF <br>: > > <br>: > > <br>: > > ----- Original Message ----- <br>: > > From: "Kent Norman" <<a href="mailto:kent_norman@yahoo.com">kent_norman@yahoo.com</a>> <br>: > > To: "CANSLIM" <<a href="mailto:canslim@xmission.com">canslim@xmission.com</a>> <br>: > > Sent: Sunday, January 13, 2002 10:11 AM <br>: > > Subject: [CANSLIM] market direction <br>: > > <br>: > > <br>: > > > Many "experts" are expecting the market to follow <br>: > > > tradition and rise in January and go flat to down for <br>: > > > a few months. Do you think this weeks 5 down days are <br>: > > > meaningful? <br>: > > > <br>: > > > I know WON says we don't need to be concerned with <br>: > > > where the market is heading, just where it is. <br>: > > > <br>: > > > So where is it? Is the party over? Should we all get <br>: > > > out of the pool? <br>: > > > <br>: > > > Kent Norman <br>: > > > <br>: > > > <br>: > > > ===== <br>: > > > Opportunities always look bigger going than coming. <br>: > > > <br>: > > > __________________________________________________ <br>: > > > Do You Yahoo!? <br>: > > > Send FREE video emails in Yahoo! Mail! <br>: > > > <a href="http://promo.yahoo.com/videomail/">http://promo.yahoo.com/videomail/</a> <br>: > > > <br>: > > > - <br>: > > > -To subscribe/unsubscribe, email "<a href="mailto:majordomo@xmission.com">majordomo@xmission.com</a>" <br>: > > > -In the email body, write "subscribe canslim" or <br>: > > > -"unsubscribe canslim". Do not use quotes in your email. <br>: > > > <br>: > > <br>: > > <br>: > > - <br>: > > -To subscribe/unsubscribe, email "<a href="mailto:majordomo@xmission.com">majordomo@xmission.com</a>" <br>: > > -In the email body, write "subscribe canslim" or <br>: > > -"unsubscribe canslim". Do not use quotes in your email. <br>: > > <br>: > <br>: > <br>: > - <br>: > -To subscribe/unsubscribe, email "<a href="mailto:majordomo@xmission.com">majordomo@xmission.com</a>" <br>: > -In the email body, write "subscribe canslim" or <br>: > -"unsubscribe canslim". Do not use quotes in your email. <br>: <br>: - <br>: -To subscribe/unsubscribe, email "<a href="mailto:majordomo@xmission.com">majordomo@xmission.com</a>" <br>: -In the email body, write "subscribe canslim" or <br>: -"unsubscribe canslim". Do not use quotes in your email. <br>: <br> <p>- <br>-To subscribe/unsubscribe, email "<a href="mailto:majordomo@xmission.com">majordomo@xmission.com</a>" <br>-In the email body, write "subscribe canslim" or <br>-"unsubscribe canslim". Do not use quotes in your email.</blockquote> </blockquote> </body> </html> - --------------183E1FB85DE5B86A66379756-- - - - -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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