RE: [CANSLIM] Contrarian

From: "Dave" <drubin@i-2000.com>
Subject: RE: [CANSLIM] Contrarian
Date: Wed, 16 Jan 2002 10:09:20 -0500

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And if today, the markets should turn around and go positive on higher
volume, that final distribution day may never come.

I've bailed too early in the past, only to watch my prior holdings weather
the brief storm and move higher. I don't think it's anti-CANSLIM to wait
until the rally is truly broken to make the final leap out of the market.


> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher
> Sent: Wednesday, January 16, 2002 9:51 AM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] Contrarian
>
>
> Who cares? Once again, if you trade CANSLIM, you follow the M's buy and
> sell signals. This is an "everybody out of the pool" signal. We are 1
> 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
>
>
> -
> -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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