RE: [CANSLIM] trend change for M


From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] trend change for M
Date: Wed, 17 Apr 2002 09:01:40 -0400

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Tom:
 
You wrote: "I was surprised to see so little posting on "M" and FTD."
 
Look at last weekend's discussions, mostly subject "Bear Rally."  Can
you say, "Dead horse?"
 
Welcome back.
 
Duke
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Wednesday, April 17, 2002 12:54 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] trend change for M


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). 
 
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message ----- 
From: Hill,  <mailto:Ernie.Hill@ElPaso.com> Ernie 
To: 'canslim@lists.xmission.com' 
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.
 
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.
 
The dominate trend for the next four to six weeks is up. Should be good
times for CANSLIMers.
 
E
 


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<DIV><SPAN class=3D451595912-17042002><FONT =
face=3DArial>Tom:</FONT></SPAN></DIV>
<DIV><SPAN class=3D451595912-17042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D451595912-17042002><FONT face=3DArial>You wrote: "I =
was surprised=20
to see so little posting on "M" and FTD."</FONT></SPAN></DIV>
<DIV><SPAN class=3D451595912-17042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D451595912-17042002><FONT face=3DArial>Look at last =
weekend's=20
discussions, mostly subject "Bear Rally."&nbsp; Can you say, "Dead=20
horse?"</FONT></SPAN></DIV>
<DIV><SPAN class=3D451595912-17042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D451595912-17042002><FONT face=3DArial>Welcome=20
back.</FONT></SPAN></DIV>
<DIV><SPAN class=3D451595912-17042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D451595912-17042002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<BLOCKQUOTE style=3D"MARGIN-RIGHT: 0px">
  <DIV></DIV>
  <DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
  face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
  <B>On Behalf Of </B>Tom Worley<BR><B>Sent:</B> Wednesday, April 17, =
2002 12:54=20
  AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
  trend change for M<BR><BR></FONT></DIV>
  <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=20
  at most charts yet. But did check my personal investing, had 7 of 8 =
stocks up=20
  for the day, two up nearly 20%, another up almost 10%, and a fourth up =
almost=20
  5%. Overall, my IRA gained 5.2% for the day, and my margin acct 4.4%. =
Almost=20
  every stock I own was up on heavy volume. Saw similar patterns in my =
VR Fund,=20
  which currently has 33 stocks and gained 3.47%, far outdistancing the =
Russell=20
  2000 and 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=20
  technology despite all the doom and gloom virtually everywhere I turn=20
  regarding technology as an investment, including here in this=20
  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=20
  (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,=20
  Ernie</A> </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=20
  that yesterday was the day in which the market made the low I was=20
  anticipating. While there is still a small chance that the market =
could take=20
  out the low of 1099.52 on the S&amp;P either later this week or early =
next=20
  week it is very 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.=20
  This lends more evidence to the case for the new upswing in the market =
to take=20
  us to 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=20
  up. 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
  email and any files transmitted with it from the ElPaso =
<BR>Corporation are=20
  confidential and intended solely for the <BR>use of the individual or =
entity=20
  to whom they are addressed. <BR>If you have received this email in =
error=20
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