Re: [CANSLIM] trend change for M

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] trend change for M
Date: Wed, 17 Apr 2002 00:54:06 -0400
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Hi Ernie,

Due to leaving work so late, I have not started looking at most charts =
yet. But did check my personal investing, had 7 of 8 stocks up for the =
day, two up nearly 20%, another up almost 10%, and a fourth up almost =
5%. Overall, my IRA gained 5.2% for the day, and my margin acct 4.4%. =
Almost every stock I own was up on heavy volume. Saw similar patterns in =
my VR Fund, which currently has 33 stocks and gained 3.47%, far =
outdistancing the Russell 2000 and every other index than the Naz, which =
narrowly beat me.

With my fund now an Information Technology sector fund, with 75% =
invested there, I was pleased to see some of the strength in technology =
despite all the doom and gloom virtually everywhere I turn regarding =
technology as an investment, including here in this group.

While today's volume was not all I expected, most major indexes did both =
beat yesterday's volume, as well as beat their daily average. So looks =
to me like we should be counting the days for a follow thru day (FTD). I =
was surprised to see so little posting on "M" and FTD.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----=20
From: Hill, Ernie=20
To: 'canslim@lists.xmission.com'=20
Sent: Tuesday, April 16, 2002 7:47 PM
Subject: [CANSLIM] trend change for M


The strength of today's move in the market confirms that yesterday was =
the day in which the market made the low I was anticipating. While there =
is still a small chance that the market could take out the low of =
1099.52 on the S&P either later this week or early next week it is very =
unlikely.

=20

This low came two days earlier than my model had predicted and at a =
price level some 30 S&P points higher than predicted. This is good news, =
because it indicates underlying strength in the market. This lends more =
evidence to the case for the new upswing in the market to take us to new =
highs for the year.

=20

The dominate trend for the next four to six weeks is up. Should be good =
times for CANSLIMers.

=20

E

=20



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<DIV><FONT face=3DArial>Hi Ernie,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Due to leaving work so late, I have not started =
looking at=20
most charts yet. But did check my personal investing, had 7 of 8 stocks =
up for=20
the day, two up nearly 20%, another up almost 10%, and a fourth up =
almost 5%.=20
Overall, my IRA gained 5.2% for the day, and my margin acct 4.4%. Almost =
every=20
stock I own was up on heavy volume. Saw similar patterns in my VR Fund, =
which=20
currently has 33 stocks and gained 3.47%, far outdistancing the Russell =
2000 and=20
every other index than the Naz, which narrowly beat me.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>With my fund now an Information Technology =
sector fund,=20
with 75% invested there, I was pleased to see some of the strength in =
technology=20
despite all the doom and gloom virtually everywhere I turn regarding =
technology=20
as an investment, including here in this group.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>While today's volume was not all I expected, =
most major=20
indexes did both beat yesterday's volume, as well as beat their daily =
average.=20
So looks to me like we should be counting the days for a follow thru day =
(FTD).=20
I was surprised to see so little posting on "M" and FTD.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DErnie.Hill@ElPaso.com =
href=3D"mailto:Ernie.Hill@ElPaso.com">Hill, Ernie</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'=
</A>=20
</DIV>
<DIV><B>Sent:</B> Tuesday, April 16, 2002 7:47 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] trend change for M</DIV></DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">The strength of today's move in the market =
confirms that=20
yesterday was the day in which the market made the low I was =
anticipating. While=20
there is still a small chance that the market could take out the low of =
1099.52=20
on the S&amp;P either later this week or early next week it is very=20
unlikely.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">This low came two days earlier than my model =
had=20
predicted and at a price level some 30 S&amp;P points higher than =
predicted.=20
This is good news, because it indicates underlying strength in the =
market. This=20
lends more evidence to the case for the new upswing in the market to =
take us to=20
new highs for the year.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">The dominate trend for the next four to six =
weeks is up.=20
Should be good times for CANSLIMers.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p>&nbsp;</o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">E<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: =
12pt"><o:p>&nbsp;</o:p></SPAN></FONT></P></DIV><CODE><FONT=20
size=3D3><BR><BR>********************************************************=
**********<BR>This=20
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