Re: [CANSLIM] Contrarian


From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Contrarian
Date: Wed, 16 Jan 2002 09:02:01 -0600

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I don't see it that way, Tim. Naz has only had 3 distribution days in =
the last 10. Each was followed by accumulation days. That's definitely =
not an "everybody out of the pool" whistle. It's a "perk up and pay =
attention" marker, but that's it. Despite distribution in some of the =
recent B/O's, only KKD has fallen below pivot. Other good quality =
CANSLIM stocks are holding up just fine if one took proper entries on =
well formed bases. "M" is a market of stocks. If the right stocks are =
doing "the right thing" then I say we can sit on the edge of the pool =
and keep our feet in the water. The water's fine.

Katherine
  ----- Original Message -----=20
  From: Tim Fisher=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, January 16, 2002 8:50 AM
  Subject: Re: [CANSLIM] Contrarian


  Who cares? Once again, if you trade CANSLIM, you follow the M's buy =
and=20
  sell signals. This is an "everybody out of the pool" signal. We are 1=20
  distribution day from a broken rally.

  At 09:42 AM 1/16/2002 -0500, you wrote:
  >With all the bearishness on the list the last couple days, I wonder =
if the
  >market is ready to turn around and move higher soon. After all, the
  >markets have gone through quite a correction the past few weeks, and =
the
  >Nasdaq is still above its 50 and 200 day averages.
  >
  >Things do look ugly, and I'm selling some positions, but I wonder if =
this
  >is really doom and gloom or just a pause...
  >
  >
  >-
  >-To subscribe/unsubscribe, email "majordomo@xmission.com"
  >-In the email body, write "subscribe canslim" or
  >-"unsubscribe canslim".  Do not use quotes in your email.

  Tim Fisher
  Ore-ROCK-On Rockhounding Web Site
  Pacific Fishery Biologists Information
  mailto:tim@OreRockOn.com
  WWW http://OreRockOn.com


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<META http-equiv=3DContent-Type content=3D"text/html; =
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<BODY bgColor=3D#ffffff>
<DIV>I don't see it that way, Tim. Naz has only had 3 distribution days =
in the=20
last 10. Each was followed by accumulation days. That's definitely not =
an=20
"everybody out of the pool" whistle. It's a "perk up and pay attention" =
marker,=20
but that's it. Despite distribution in some of the recent B/O's, only =
KKD has=20
fallen below pivot. Other good quality CANSLIM stocks are holding up =
just fine=20
if one took proper entries on well formed bases. "M" is a market of =
stocks. If=20
the right stocks are doing "the right thing" then I say we can sit on =
the edge=20
of the pool and keep our feet in the water. The water's fine.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</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=3DTim@orerockon.com href=3D"mailto:Tim@orerockon.com">Tim =
Fisher</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>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 16, =
2002 8:50=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Contrarian</DIV>
  <DIV><BR></DIV>Who cares? Once again, if you trade CANSLIM, you follow =
the M's=20
  buy and <BR>sell signals. This is an "everybody out of the pool" =
signal. We=20
  are 1 <BR>distribution day from a broken rally.<BR><BR>At 09:42 AM =
1/16/2002=20
  -0500, you wrote:<BR>&gt;With all the bearishness on the list the last =
couple=20
  days, I wonder if the<BR>&gt;market is ready to turn around and move =
higher=20
  soon. After all, the<BR>&gt;markets have gone through quite a =
correction the=20
  past few weeks, and the<BR>&gt;Nasdaq is still above its 50 and 200 =
day=20
  averages.<BR>&gt;<BR>&gt;Things do look ugly, and I'm selling some =
positions,=20
  but I wonder if this<BR>&gt;is really doom and gloom or just a=20
  pause...<BR>&gt;<BR>&gt;<BR>&gt;-<BR>&gt;-To subscribe/unsubscribe, =
email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>&gt=
;-In=20
  the email body, write "subscribe canslim" or<BR>&gt;-"unsubscribe=20
  canslim".&nbsp; Do not use quotes in your email.<BR><BR>Tim=20
  Fisher<BR>Ore-ROCK-On Rockhounding Web Site<BR>Pacific Fishery =
Biologists=20
  Information<BR><A=20
  href=3D"mailto:tim@OreRockOn.com">mailto:tim@OreRockOn.com</A><BR>WWW =
<A=20
  =
href=3D"http://OreRockOn.com">http://OreRockOn.com</A><BR><BR><BR>-<BR>-T=
o=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".&nbsp; Do=20
  not use quotes in your email.</BLOCKQUOTE></BODY></HTML>

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