RE: [CANSLIM] Vacation, Kinda

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: RE: [CANSLIM] Vacation, Kinda
Date: Sun, 7 Apr 2002 21:27:58 -0600

Next Article (by Date): RE: [CANSLIM] Vacation, Kinda "Duke Miller"
Previous Article (by Date): Re: [CANSLIM] Vacation, Kinda "Dan Forant"
Next in Thread: RE: [CANSLIM] Vacation, Kinda "Duke Miller"
Articles sorted by: [Date] [Author] [Subject]

Thanks.  I myself don't have any strong feeling of where the market is heading.  
Just looking at the S&P, it would appear to be rolling over a bit, logical support is at 
1075, which is not too far from its current level.   The market mostly seems to be 
ignoring good news, which is not a good sign.  My best guess is a dull week of 
trading while everyone waits for the next batch of earnings.

On 7 Apr 2002 at 18:41, Hill, Ernie wrote:

> Actually Patrick I would love to, but if I did it would infringe on other
> persons proprietary information. Besides I have been rebuked on this list in
> the past for getting into technical analysis discussions.
> 
> However, I will say this I have been on sabbatical from the list for about
> six months, because I simply did not have time to read the posts. I have for
> the first time in my life done real honest to goodness technical research of
> my own of the market and individual stocks. As opposed to reading other
> peoples work and then applying it.
> 
> I have through the years spent a lot of money buying technical analysis
> "secrets" and tools. While my collection of goodies was of benefit it just
> wasn't giving me the edge I was looking for. After applying some of my
> "stuff" to CANSLIM stocks I noticed that I was doing a good job of
> predicting breakouts before they happened, but of course the breakouts would
> fail because the market was not in a good mood.
> 
> While doing this I spotted something that seemed to have a lot of promise. I
> then went to the lab and spent most of my free time bringing together a
> couple of esoteric techniques and a few simple techniques into a functioning
> methodology. This methodology provides me with a unique perspective of the
> market and individual stocks, which at times can give me a pretty clear
> picture of what the market is likely to do.
> 
> Now that I have elaborated all that I can, what I see in  the dynamics of
> the current price structure of the market as measured by the S&P 500 points
> to an acceleration of the current down swing in the market.
> 
> E


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.