Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] "M"
Date: Mon, 25 Mar 2002 13:32:01 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0084_01C1D401.7214B4E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Well said, Ian. You've really hit the nail on the head. Katherine ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Monday, March 25, 2002 1:17 PM Subject: Re: [CANSLIM] "M" Personally, I'm glad the NASDAQ - and particularly the NASDAQ-100 is = weak in the face of strength in other places. IMHO, it is a very healthy sign. = To me, it means the market is separating the healthy companies from many bloated sick techs, whose businesses show no sign of rebounding = anytime soon. It tells me that the market IS willing to run up healthy = companies in healthy sectors - so it is ok to buy healthy growing companies with = friendly charts. I believe that the fact that every company is not being run up indiscriminately will make for a healthier market in the long run. NYSE-buyers who sat on the sidelines missed out on massive gains from = Oct 98 to March 2000. Perhaps NAZ-tech-only-buyers will be the ones missing = out on the next big bull??? I find myself cringing each time the NAZ jumps in a manic short = squeeze, since all it means is more nervousness when it comes back. Ian ----- Original Message ----- From: Patrick Wahl <pjwahl@attbi.com> To: <canslim@lists.xmission.com> Sent: Monday, March 25, 2002 7:08 AM Subject: Re: [CANSLIM] "M" > I kept my vix post pretty thin since no one else seemed to be = commenting much on > the market, but a few other things I've noticed - 4 indices I looked = at peaked at > about Jan. 5 - the Russell, Dow, S&P and Nasdaq. The first 2 have exceeded the > Jan 8 highs in the last two weeks, S&P is just hovering below those January highs, > but the NASDAQ is still considerably below them. I also looked at a cumulative > advance deline line for the NYSE and the NASDAQ, and I notice the = NYSE line is > up strongly, Nasdaq line is lagging badly. > > As to what it all means, that is more of a guess, but in the last = big run up in the > 1990's the NASDAQ was the leader. I don't know if leadership has = changed and the > other indices will pull the NASDAQ up, or if the NASDAQ will drag = the others down. > Anyway, NASDAQ doesn't look too healthy to me, would like to see all = the indices > looking equally strong, or even the NASDAQ leading, not the NYSE. > > > Yes Bill K., M is Market, last letter of CANSLIM. > > On 25 Mar 2002 at 7:54, Tom Worley wrote: > > > Haven't had much talk on "M" lately, aside from the one post on = VIX (which I > > agree with, by the way, it's staying too low for comfort). > > > > Took a fast look around this morning, and noticed the severe = overbought > > conditions on both NYSE and NASDAQ have corrected to neutral. And = 10 day > > moving average of up/down volume is now slightly negative on NYSE = and > > substantially more on Naz. > > > > 10 day moving average of new highs remains moderately positive on = both of > > these exchanges. > > > > The S&P500 chart looks surprisingly healthy (at least to me). And = the > > Russell 2000 has done better than I perceived from my portfolios. = The rest > > looked decent if they can hold in this area, or better still start trending > > up. > > > > Tom Worley > > stkguru@bellsouth.net > > AIM: TexWorley > > > > > > > > - > > -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. - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0084_01C1D401.7214B4E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Well said, Ian. You've really hit the nail on the head.</DIV> <DIV> </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=3Dianstm@shaw.ca href=3D"mailto:ianstm@shaw.ca">Ian</A> = </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 25, 2002 = 1:17=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] = "M"</DIV> <DIV><BR></DIV>Personally, I'm glad the NASDAQ - and particularly the=20 NASDAQ-100 is weak in<BR>the face of strength in other places. IMHO, = it is a=20 very healthy sign. To<BR>me, it means the market is separating the = healthy=20 companies from many<BR>bloated sick techs, whose businesses show no = sign of=20 rebounding anytime<BR>soon. It tells me that the market IS willing to = run up=20 healthy companies in<BR>healthy sectors - so it is ok to buy healthy = growing=20 companies with friendly<BR>charts. I believe that the fact that every = company=20 is not being run up<BR>indiscriminately will make for a healthier = market in=20 the long run.<BR><BR>NYSE-buyers who sat on the sidelines missed out = on=20 massive gains from Oct 98<BR>to March 2000. Perhaps = NAZ-tech-only-buyers will=20 be the ones missing out on<BR>the next big bull???<BR><BR>I find = myself=20 cringing each time the NAZ jumps in a manic short squeeze,<BR>since = all it=20 means is more nervousness when it comes = back.<BR><BR>Ian<BR><BR><BR><BR>-----=20 Original Message -----<BR>From: Patrick Wahl <<A=20 href=3D"mailto:pjwahl@attbi.com">pjwahl@attbi.com</A>><BR>To: = <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>Sent:=20 Monday, March 25, 2002 7:08 AM<BR>Subject: Re: [CANSLIM] = "M"<BR><BR><BR>> I=20 kept my vix post pretty thin since no one else seemed to be = commenting<BR>much=20 on<BR>> the market, but a few other things I've noticed - 4 indices = I=20 looked at<BR>peaked at<BR>> about Jan. 5 - the Russell, Dow, = S&P and=20 Nasdaq. The first 2 have<BR>exceeded the<BR>> Jan 8 highs in = the last=20 two weeks, S&P is just hovering below those<BR>January = highs,<BR>> but=20 the NASDAQ is still considerably below them. I also looked at=20 a<BR>cumulative<BR>> advance deline line for the NYSE and the = NASDAQ, and I=20 notice the NYSE<BR>line is<BR>> up strongly, Nasdaq line is lagging = badly.<BR>><BR>> As to what it all means, that is more of a = guess, but=20 in the last big run<BR>up in the<BR>> 1990's the NASDAQ was the=20 leader. I don't know if leadership has changed<BR>and = the<BR>> other=20 indices will pull the NASDAQ up, or if the NASDAQ will drag = the<BR>others=20 down.<BR>> Anyway, NASDAQ doesn't look too healthy to me, would = like to see=20 all the<BR>indices<BR>> looking equally strong, or even the NASDAQ = leading,=20 not the NYSE.<BR>><BR>><BR>> Yes Bill K., M is Market, last = letter of=20 CANSLIM.<BR>><BR>> On 25 Mar 2002 at 7:54, Tom Worley=20 wrote:<BR>><BR>> > Haven't had much talk on "M" lately, aside = from=20 the one post on VIX<BR>(which I<BR>> > agree with, by the way, = it's=20 staying too low for comfort).<BR>> ><BR>> > Took a fast = look=20 around this morning, and noticed the severe overbought<BR>> > = conditions=20 on both NYSE and NASDAQ have corrected to neutral. And 10 day<BR>> = >=20 moving average of up/down volume is now slightly negative on NYSE = and<BR>>=20 > substantially more on Naz.<BR>> ><BR>> > 10 day = moving=20 average of new highs remains moderately positive on both<BR>of<BR>> = >=20 these exchanges.<BR>> ><BR>> > The S&P500 chart looks=20 surprisingly healthy (at least to me). And the<BR>> > Russell = 2000 has=20 done better than I perceived from my portfolios. The<BR>rest<BR>> = >=20 looked decent if they can hold in this area, or better still=20 start<BR>trending<BR>> > up.<BR>> ><BR>> > Tom=20 Worley<BR>> > <A=20 = href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>> = >=20 AIM: TexWorley<BR>> ><BR>> ><BR>> ><BR>> > = - -<BR>>=20 > -To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; >=20 -In the email body, write "subscribe canslim" or<BR>> > = - -"unsubscribe=20 canslim". Do not use quotes in your=20 email.<BR>><BR>><BR>><BR>> -<BR>> -To = subscribe/unsubscribe,=20 email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; -In=20 the email body, write "subscribe canslim" or<BR>> -"unsubscribe=20 canslim". Do not use quotes in your email.<BR><BR><BR>-<BR>-To=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". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0084_01C1D401.7214B4E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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