Re: [CANSLIM] Contrarian


From: Gyorgy Veszpremi <GyorgyV@rcmachine.com>
Subject: Re: [CANSLIM] Contrarian
Date: Wed, 16 Jan 2002 15:05:15 -0600

Next Article (by Date): Re: [CANSLIM] Date: Wed, 16 Jan 2002 22:04:50 +0100 "Katherine Malm"
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One more D-day is behind us.  The next question is how far down will the market
go.

Dave wrote:

> 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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> > > >
> > > >
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Next Article (by Date): Re: [CANSLIM] Date: Wed, 16 Jan 2002 22:04:50 +0100 "Katherine Malm"
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