AW: [CANSLIM] Contrarian

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Contrarian
Date: Wed, 16 Jan 2002 19:38:23 +0100

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DFXI, MME and TTIL hold up well, so here I sit and think of what to do ... I gues I do nothing until they give sell signals ...

> -----Ursprungliche Nachricht-----
> Von:	Ian [SMTP:ianstm@shaw.ca]
> Gesendet am:	Wednesday, January 16, 2002 7:33 PM
> An:	canslim@lists.xmission.com
> Betreff:	Re: [CANSLIM] Contrarian
> 
> If you follow the ARMS index (aka the TRIN), you would see that there has
> been 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 <stkguru@netside.net>
> To: <canslim@lists.xmission.com>
> 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" <drubin@i-2000.com>
> > To: <canslim@lists.xmission.com>
> > 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...
> > >
> > >
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> >
> >
> >
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