[CANSLIM] "M"

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] "M"
Date: Mon, 1 Apr 2002 07:21:38 -0500

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Took a quick tour of the index charts this morning. Only the Transportation
Index has yet to set a new 12 month high, and it has declined rather sharply
over the past two weeks.  Russell 2000 needs another 18 points to make a new
high, and looks healthy for the moment. NYSE Financial appears next closest
to setting a one year high.

Not exactly the market leadership I would want to see. Trans reflects the
recovery in the economy, but the recent downtrend also suggests either
profit taking, or a dwindling confidence despite the many economic reports.
R2000 would seem to reflect the continued strong earnings growth found there
even while we still thought we would have a recession (anyone throw a
recession party and the only guests that showed up were from other
countries??). The NYSE Financial would seem to support the number of posts
to our group on this sector, suggesting that it may well be the first sector
to fully recover (and that's not the leadership that inspires me or a bull
market).

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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