Go to Jeff Salisbury LWGate Home Page.From: <rolfh@mindspring.com>
Subject: Re: Re: [CANSLIM] Contrarian
Date: Wed, 16 Jan 2002 13:32:28 -0500
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I'm unfamiliar with either index. ANy recommended websties that have and/or explain them? Thanks! Rolf canslim@lists.xmission.com wrote: > If you follow the ARMS index (aka the TRIN), you would see that there hasbeen a stealth amount of bearishness in the DOW over the last 13 days. Last Friday, the 10-day ARMS index hit 1.3, which has historically been an indicator of a substantial panic (the BIG panics have it going over 1.5, and are rare). So even though the investor polls are coming back showing high levels of bullishness, and minimal bearishness, the selling pressure has not reflected that. The stocks that have carried me for the last few months (ELTE, CEDC, NMHC, QMDC) have all been very strong/resilient as of late as well. No sell signals from any of them yet. Just my 2 cents. Ian - ----- Original Message ----- From: Tom Worley To: Sent: Wednesday, January 16, 2002 6:48 AM Subject: Re: [CANSLIM] Contrarian > Hi Dave, > > Judging just from all my small caps, I think we may be in for a period of > consolidation for a week or more. My small caps have been moving in > inconsistent fashion, fortunately on low volume for the most part. But the > markets are moderately overbought, so some consolidation is in order. We > need more bearish sentiment to move any higher. > > Tom Worley > stkguru@netside.net > AIM: TexWorley > ----- Original Message ----- > From: "Dave" > To: > Sent: Wednesday, January 16, 2002 9:42 AM > Subject: [CANSLIM] Contrarian > > > > 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. > > > > > > > > - > -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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