AW: [CANSLIM] Market, Nasdaq 100

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Market, Nasdaq 100
Date: Fri, 22 Feb 2002 15:10:31 +0100

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Tom,

Well, on 10/11 it traded from 1333 - 1389 and now we are @ 1348, so we =
are=20
at levels from 10/11 as well.

Of cause, the Nasdaq 100 does not represent the whole market. Of all the =

indexes I know its the index with the most zing. On the Russel 2000 we =
are=20
still at December levels.

I do not want to make this market worse as it is.
My point is: I would never have thought that another swing like this =
would=20
happen.

Not a great point, just wanted to chat about the fact that the market =
lets=20
me shake my head and say: unbelivable.

Regards

Andreas


> -----Urspr=FCngliche Nachricht-----
> Von:	Tom Worley [SMTP:stkguru@netside.net]
> Gesendet am:	Friday, February 22, 2002 2:49 PM
> An:	canslim@lists.xmission.com
> Betreff:	Re: [CANSLIM] Market, Nasdaq 100
>
> I disagree with the dating, Andreas. I show that Naz 100 traded 1683 =
to=20
1746
> on 11/1, closing at 1746 (up 56 from the prior close). So I don't go =
back=20
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=20
not
> representative of the broader market.
>
> On NYSE Composite, you only need to go back to 2/8 to find similar=20
prices.
> The Naz Composite is similar to the Naz 100, going back to 11/1. The=20
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=20
couple
> > of days since FTD of 9/28 (8 Trading days).
> >
> > Great Canslim Stocks with very good fundamentals are holding up=20
relativly
> > well though.
> >
> > >From a projection point of view I would never have predicted this. =
But=20
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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