Re: [CANSLIM] Market, Nasdaq 100

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Market, Nasdaq 100
Date: Fri, 22 Feb 2002 08:49:07 -0500

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I disagree with the dating, Andreas. I show that Naz 100 traded 1683 to 1746
on 11/1, closing at 1746 (up 56 from the prior close). So I don't go back as
far as you.

I would also point out that the Naz 100, like the DOW 30, is not
representative of anything but a small number of huge cap stocks. It is not
representative of the broader market.

On NYSE Composite, you only need to go back to 2/8 to find similar prices.
The Naz Composite is similar to the Naz 100, going back to 11/1. The Russell
2000 also only goes back to 2/8, as does the S&P 500. So it's a pretty mixed
up market.

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "Andreas Himmelreich" <judgejimmy@web.de>
To: <canslim@lists.xmission.com>
Sent: Friday, February 22, 2002 8:27 AM
Subject: [CANSLIM] Market, Nasdaq 100


> On the nasdaq 100 we are on levels not seen since 10/10, so only a couple
> of days since FTD of 9/28 (8 Trading days).
>
> Great Canslim Stocks with very good fundamentals are holding up relativly
> well though.
>
> >From a projection point of view I would never have predicted this. But as
> Wons states, do not predict, just look what the market is doing now ...
>
> Just curious: Anyone of you who had that view?
>
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