Re: [CANSLIM] NAZ volume extremely high today ...


From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] NAZ volume extremely high today ...
Date: Mon, 4 Mar 2002 14:13:02 -0600

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The Dow leads because it is composed of cyclicals and old line =
industries that lead out of a recession.

The Nasdaq 100 is full of bubble high fliers, but the Nasdaq is actually =
composed of other stocks that have high quality earnings. If nothing =
else, money is moving out of short positions and will be moved into =
stronger long positions in other industries and markets.

The market indexes only summarize activity. If the markets are showing =
follow-thru days, look to the stocks that show strength and don't worry =
about which market they are in.

Small and mid-caps have been outperforming consistently, and have shown =
outperformance even since mid-December when the Nasdaq was plummeting. =
Don't throw out the baby with the bath water. Let individual stocks lead =
you to the winners and forget the noise.

Katherine
  ----- Original Message -----=20
  From: Tim Fisher=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, March 04, 2002 2:03 PM
  Subject: RE: [CANSLIM] NAZ volume extremely high today ...


  It occurred on the fifth trading day from the recent low, was up 2.2%, =
was=20
  over both 30d and 50d average vol, and was better than Thursday's vol. =

  That's what I would like to see at least the NYSE and/or RUT do as =
well.=20
  The NASDAQ is too influenced by bubble techs of which I have none on =
my=20
  watch list and the DOW has little meaning for me since none of my =
watch=20
  list stocks are DOW components; therefore I care little about F/T days =
for=20
  these indices, although they are signs of M.

  At 11:55 AM 3/4/2002 -0800, you wrote:
  >the S&P had a FTD on friday, so today would be additionial =
confirmation of
  >the rally.
  >
  >-----Original Message-----
  >From: owner-canslim@lists.xmission.com
  >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher
  >Sent: Monday, March 04, 2002 11:06 AM
  >To: canslim@lists.xmission.com
  >Subject: Re: [CANSLIM] NAZ volume extremely high today ...
  >
  >
  >My question, to which I received no replies, still remains: the DOW =
and
  >NYSE comp did not F/T within their respective windows, and did not =
undercut
  >their earlier lows since (unlike the NASDAQ comp). So from an =
official F/T
  >day watch point of view, do we get a valid F/T day on more than just =
the
  >NASDAQ even if the other indices follow through on volume today?
  >
  >At 08:17 AM 3/4/2002 -0800, you wrote:
  > >I guess this will be the official 6th day follow-through on te NAZ. =
Very
  > >heavy volume for this time of day.
  > >
  > >Now all that remains is to find some quality companies moving up - =
I am
  > >seeing a definite shift away from microcaps (except BEL, which =
moves up
  > >vertically every single day) and into big caps. My problem is that =
I am
  > >having trouble finding any growing big caps whose businesses aren't
  > >performing poorly. My only slighly larger company purchase last =
week was
  > >ELON - i like the 150% growth in this market. Any great ideas out =
there?
  > >
  > >Ian
  >
  >Tim Fisher
  >Ore-ROCK-On Rockhounding Web Site
  >Owner, Fisher Fisheries, Ltd.
  >mailto:tim@OreRockOn.com
  >WWW http://OreRockOn.com
  >
  >
  >-
  >-To subscribe/unsubscribe, email "majordomo@xmission.com"
  >-In the email body, write "subscribe canslim" or
  >-"unsubscribe canslim".  Do not use quotes in your email.
  >
  >
  >-
  >-To subscribe/unsubscribe, email "majordomo@xmission.com"
  >-In the email body, write "subscribe canslim" or
  >-"unsubscribe canslim".  Do not use quotes in your email.

  Tim Fisher
  Ore-ROCK-On Rockhounding Web Site
  Owner, Fisher Fisheries, Ltd.
  mailto:tim@OreRockOn.com
  WWW http://OreRockOn.com


  -
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  -In the email body, write "subscribe canslim" or
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<DIV>The Dow leads because it is composed of cyclicals and old line =
industries=20
that lead out of a recession.</DIV>
<DIV>&nbsp;</DIV>
<DIV>The Nasdaq 100 is full of bubble high fliers, but the Nasdaq is =
actually=20
composed of other stocks that have high quality earnings. If nothing =
else, money=20
is moving out of short positions and will be moved into stronger long =
positions=20
in other industries and markets.</DIV>
<DIV>&nbsp;</DIV>
<DIV>The market indexes only summarize activity. If the markets are =
showing=20
follow-thru days, look to the stocks that show strength and don't worry =
about=20
which market they are in.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Small and mid-caps have been outperforming consistently, and have =
shown=20
outperformance even since mid-December when the Nasdaq was plummeting. =
Don't=20
throw out the baby with the bath water. Let individual stocks lead you =
to the=20
winners and forget the noise.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DTim@orerockon.com href=3D"mailto:Tim@orerockon.com">Tim =
Fisher</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, March 04, 2002 =
2:03=20
PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] NAZ =
volume=20
  extremely high today ...</DIV>
  <DIV><BR></DIV>It occurred on the fifth trading day from the recent =
low, was=20
  up 2.2%, was <BR>over both 30d and 50d average vol, and was better =
than=20
  Thursday's vol. <BR>That's what I would like to see at least the NYSE =
and/or=20
  RUT do as well. <BR>The NASDAQ is too influenced by bubble techs of =
which I=20
  have none on my <BR>watch list and the DOW has little meaning for me =
since=20
  none of my watch <BR>list stocks are DOW components; therefore I care =
little=20
  about F/T days for <BR>these indices, although they are signs of =
M.<BR><BR>At=20
  11:55 AM 3/4/2002 -0800, you wrote:<BR>&gt;the S&amp;P had a FTD on =
friday, so=20
  today would be additionial confirmation of<BR>&gt;the=20
  rally.<BR>&gt;<BR>&gt;-----Original Message-----<BR>&gt;From: <A=20
  =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>&gt;[mailto:owner-canslim@lists.xmission.com]On=20
  Behalf Of Tim Fisher<BR>&gt;Sent: Monday, March 04, 2002 11:06 =
AM<BR>&gt;To:=20
  <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;Subject:=20
  Re: [CANSLIM] NAZ volume extremely high today =
...<BR>&gt;<BR>&gt;<BR>&gt;My=20
  question, to which I received no replies, still remains: the DOW=20
  and<BR>&gt;NYSE comp did not F/T within their respective windows, and =
did not=20
  undercut<BR>&gt;their earlier lows since (unlike the NASDAQ comp). So =
from an=20
  official F/T<BR>&gt;day watch point of view, do we get a valid F/T day =
on more=20
  than just the<BR>&gt;NASDAQ even if the other indices follow through =
on volume=20
  today?<BR>&gt;<BR>&gt;At 08:17 AM 3/4/2002 -0800, you wrote:<BR>&gt; =
&gt;I=20
  guess this will be the official 6th day follow-through on te NAZ. =
Very<BR>&gt;=20
  &gt;heavy volume for this time of day.<BR>&gt; &gt;<BR>&gt; &gt;Now =
all that=20
  remains is to find some quality companies moving up - I am<BR>&gt; =
&gt;seeing=20
  a definite shift away from microcaps (except BEL, which moves =
up<BR>&gt;=20
  &gt;vertically every single day) and into big caps. My problem is that =
I=20
  am<BR>&gt; &gt;having trouble finding any growing big caps whose =
businesses=20
  aren't<BR>&gt; &gt;performing poorly. My only slighly larger company =
purchase=20
  last week was<BR>&gt; &gt;ELON - i like the 150% growth in this =
market. Any=20
  great ideas out there?<BR>&gt; &gt;<BR>&gt; &gt;Ian<BR>&gt;<BR>&gt;Tim =

  Fisher<BR>&gt;Ore-ROCK-On Rockhounding Web Site<BR>&gt;Owner, Fisher=20
  Fisheries, Ltd.<BR>&gt;mailto:tim@OreRockOn.com<BR>&gt;WWW <A=20
  =
href=3D"http://OreRockOn.com">http://OreRockOn.com</A><BR>&gt;<BR>&gt;<BR=
>&gt;-<BR>&gt;-To=20
  subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>&gt=
;-In=20
  the email body, write "subscribe canslim" or<BR>&gt;-"unsubscribe=20
  canslim".&nbsp; Do not use quotes in your=20
  email.<BR>&gt;<BR>&gt;<BR>&gt;-<BR>&gt;-To subscribe/unsubscribe, =
email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>&gt=
;-In=20
  the email body, write "subscribe canslim" or<BR>&gt;-"unsubscribe=20
  canslim".&nbsp; Do not use quotes in your email.<BR><BR>Tim=20
  Fisher<BR>Ore-ROCK-On Rockhounding Web Site<BR>Owner, Fisher =
Fisheries,=20
  Ltd.<BR><A =
href=3D"mailto:tim@OreRockOn.com">mailto:tim@OreRockOn.com</A><BR>WWW=20
  <A =
href=3D"http://OreRockOn.com">http://OreRockOn.com</A><BR><BR><BR>-<BR>-T=
o=20
  subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
 the=20
  email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim".&nbsp; Do=20
  not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML>

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