RE: [CANSLIM] Bear Rally?

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: RE: [CANSLIM] Bear Rally?
Date: Sun, 14 Apr 2002 21:49:40 -0600

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If you can actually call market turns like that, you better start buying some S&P 
futures, or maybe options on the OEX,  you would do well if your forecasts are 
accurate.  

This should be the week where the market finds some direction, since there is going 
to be a good sampling of earnings to gauge how things are going, plus there are 
frequently forward looking statements that come out with the earnings.  

Seasonally speaking, there are probably another 4 to 8 potentially good weeks, then 
we get into a bit of a doldrum period, especially June, which shows very poor 
returns on the limited backtesting I've done.

On 13 Apr 2002 at 20:56, Hill, Ernie wrote:

> Patrick,
> 
> I can only speak about the S&P 500 because that is the index I concentrate
> on because it represents the broad market and includes old economy stocks as
> well as tech stocks.
> 
> My model suggests a strong probability of an intermediate term low being
> made next week in this index most likely on Tuesday or Wednesday. I expect
> the S&P to test the 1075 support level and close above the 1085 level on the
> day it puts in the low.
> 
> This low should set the stage for a four to five week advance. If this
> up-swing in the market takes out the recent highs near 1175, which I believe
> it will then the case for a new bull market remains intact. However, if it
> fails to take out the highs near 1175 then we may have already seen the high
> in the market for this year.

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