RE: [CANSLIM] Contrarian

From: "Dave" <drubin@i-2000.com>
Subject: RE: [CANSLIM] Contrarian
Date: Wed, 16 Jan 2002 13:56:28 -0500
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I sold DFXI today for a small profit. In my opinion yesterday's action is
not what you want to see after a breakout.  At a minimum it shows
indecision on the part of investors.

Technically it has violated the pivot only breifly but with the market
raising some warning flags I think DFXI has a high probability of falling
back into its base.



> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Andreas
> Himmelreich
> Sent: Wednesday, January 16, 2002 1:38 PM
> To: 'canslim@lists.xmission.com'
> Subject: AW: [CANSLIM] Contrarian
>
>
> 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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