Re: [CANSLIM] Contrarian

From: "Tim Fisher" <Tim@orerockon.com>
Subject: Re: [CANSLIM] Contrarian
Date: 16 Jan 2002 09:24:41 -0800

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I'm glad you see it that way. My stocks told me to get out, so I sold them. 
I would have been out another 5k+ if I hadn't. WON says to let your stocks 
tell you when to sell; mine were screaming sell the past 5 trading days or 
more. And if we get a dist day today, that's 4; 1 more and the signal will 
be triggered. That's what I meant when I said everybody out of the pool.

At 09:02 AM 1/16/2002 -0600, you wrote:
>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 -----
>From: <mailto:Tim@orerockon.com>Tim Fisher
>To: <mailto:canslim@lists.xmission.com>canslim@lists.xmission.com
>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
>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...
> >
> >
> >-
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>
>Tim Fisher
>Ore-ROCK-On Rockhounding Web Site
>Pacific Fishery Biologists Information
><mailto:tim@OreRockOn.com>mailto:tim@OreRockOn.com
>WWW <http://OreRockOn.com>http://OreRockOn.com
>
>
>
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Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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