Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Bear Rally?
Date: Wed, 24 Apr 2002 18:41:28 -0500
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Youch.... is that one you've been in for a while? Gotta hurt....Too many =
that look the same over the last few days....CACI, POSS, MIMS, RMCI, =
JDAS, etc. I've been keeping tabs on them and capturing the charts to =
review later. Certainly a "pull the rug from under your feet kind of =
market." In a way, may be a good thing....more likely to weigh on the =
sentiment numbers (have stayed too bullish lately).=20
Katherine
- ----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, April 24, 2002 5:58 PM
Subject: Re: [CANSLIM] Bear Rally?
After what OVRL did to me (down 27% for the day), I am ready to try =
grocery stores, hell people will still have to eat, I guess.
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
----- Original Message -----=20
From: Ian=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, April 24, 2002 10:08 AM
Subject: Re: [CANSLIM] Bear Rally?
Should have been doing a little play-trading using 'follow the leader' =
in the textile segment after seeing QFAB's strength. As an example, =
check out the charts of DXYN, COE, DRF, WXS in the last 5 days
C'mon Tom, abandon nano-tech and move to coverings :)
Ian
----- Original Message -----=20
From: Ian=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, April 16, 2002 9:58 AM
Subject: Re: [CANSLIM] Bear Rally?
"I'll bet the more "mundane" businesses will be the winning stocks =
for quite a while"
The 'winning businesses' as well. See QFAB as an example - =
http://biz.yahoo.com/bw/020415/152710_1.html . Can there be anything =
more mundane than Jacquard upholstery fabric???
Ian
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Saturday, April 13, 2002 12:17 PM
Subject: Re: [CANSLIM] Bear Rally?
Thanks for the analysis, Patrick. Here's a link to a chart that =
shows Sector Rotation during economic cycles. Look toward the bottom of =
the page for the current location in the cycle:
http://stockcharts.com/charts/performance/SPSectors.html
I'm not so sure that technology itself is going to lead for a very =
long time. I'll bet the more "mundane" businesses will be the winning =
stocks for quite a while. Some of that may be because of the excessive =
valuations you mentioned, some of it may be related to taking out excess =
capacity through much of the tech sectors. It's hard for me personally, =
because I don't get all that excited performing due diligence on =
non-tech stocks..... ah well, what doesn't kill us makes us stronger.
Katherine
----- Original Message -----=20
From: Patrick Wahl=20
To: canslim@lists.xmission.com=20
Sent: Saturday, April 13, 2002 1:44 PM
Subject: Re: [CANSLIM] Bear Rally?
On 13 Apr 2002 at 12:35, Duke Miller wrote:
> I don't want to start anything, but....since it's the weekend.
oh sure....
> So what kind of market are we in, anyway?
> =20
I was trying to answer this question the other night, all I =
could figure out is that the=20
market is mixed up. Here are some observations, maybe someone =
can put things=20
together.
Nasdaq selling off after rally to a lower high than the high set =
in January. Right now=20
sitting near support set about 2/22, below 50 day MA, which is =
sloping down.
S&P a little stronger, recent rally carried it just about back =
to old highs, it is=20
somewhat above those Feb. lows, support around 1075, also below =
50 day.
Dow quite a bit stronger, the recent high surpassed the Jan. =
highs, recent selloff not=20
as severe, it's sitting on 50 day MA.
Russell 2000 at its highest level since July, made new high on =
Friday relative to last=20
8 or 9 months.
Vix is up a little bit, off the very low levels it was at, but =
still towards the low end of=20
its range (lower means too much optimism, a contrary =
indicator). I also notice that=20
the cummulative A/D line for the NYSE has been in a steady =
uptrend since Sept.=20
lows, the Nasdaq A/D line has rallied a bit, but for the last 2 =
months has gone=20
sideways to lower.
Lets see - large caps doing ok in the form of the Dow, small =
caps are the strongest=20
group as represented byt the Russell 2000 (that would be our =
little universe of=20
canslim stocks), the S&P and Nasdaq, I think you could say the =
real guts of the=20
market in terms of broad representation of industries and a =
large chunk of the total=20
market cap, are looking flat to weak.
Maybe someone can say something about which stocks should be =
leading if we are=20
at the beginning of an economic recovery, I'm not sure how to =
interepret this stuff,=20
like I said. I think valuations may still be weighing on the =
nasdaq, and what I am=20
reading says this will be a weak to moderate recovery, so =
earnings may not be=20
storng enough to allow the nasdaq to really get rolling this =
year.
-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
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<DIV>Youch.... is that one you've been in for a while? Gotta hurt....Too =
many=20
that look the same over the last few days....CACI, POSS, MIMS, RMCI, =
JDAS, etc.=20
I've been keeping tabs on them and capturing the charts to review later. =
Certainly a "pull the rug from under your feet kind of market." In a =
way, may be=20
a good thing....more likely to weigh on the sentiment numbers (have =
stayed too=20
bullish lately). </DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, April 24, 2002 =
5:58=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Bear =
Rally?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>After what OVRL did to me (down 27% for the =
day), I am=20
ready to try grocery stores, hell people will still have to eat, I=20
guess.</FONT></DIV>
<DIV> </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=3Dianstm@shaw.ca href=3D"mailto:ianstm@shaw.ca">Ian</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>=
</DIV>
<DIV><B>Sent:</B> Wednesday, April 24, 2002 10:08 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Bear Rally?</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Should have been doing a little play-trading using =
'follow=20
the leader' in the textile segment after seeing QFAB's strength. As an =
example, check out the charts of DXYN, COE, DRF, WXS in the last 5=20
days</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>C'mon Tom, abandon nano-tech and move to coverings =
:)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ian</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dianstm@shaw.ca href=3D"mailto:ianstm@shaw.ca">Ian</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><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 style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, April 16, 2002 =
9:58=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Bear=20
Rally?</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>"I'll bet the more "mundane" businesses will be =
the=20
winning stocks for quite a while"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The 'winning businesses' as well. See QFAB as an =
example -=20
<A=20
=
href=3D"http://biz.yahoo.com/bw/020415/152710_1.html">http://biz.yahoo.co=
m/bw/020415/152710_1.html</A> .=20
Can there be anything more mundane than Jacquard upholstery=20
fabric???</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ian</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, April 13, =
2002 12:17=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Bear =
Rally?</DIV>
<DIV><BR></DIV>
<DIV>Thanks for the analysis, Patrick. Here's a link to a chart =
that shows=20
Sector Rotation during economic cycles. Look toward the bottom of =
the page=20
for the current location in the cycle:</DIV>
<DIV> </DIV>
<DIV><A=20
=
href=3D"http://stockcharts.com/charts/performance/SPSectors.html">http://=
stockcharts.com/charts/performance/SPSectors.html</A></DIV>
<DIV> </DIV>
<DIV>I'm not so sure that technology itself is going to lead for a =
very=20
long time. I'll bet the more "mundane" businesses will be the =
winning=20
stocks for quite a while. Some of that may be because of the =
excessive=20
valuations you mentioned, some of it may be related to taking out=20
excess capacity through much of the tech sectors. It's hard =
for me=20
personally, because I don't get all that excited performing due =
diligence=20
on non-tech stocks..... ah well, what doesn't kill us makes us=20
stronger.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dpjwahl@attbi.com =
href=3D"mailto:pjwahl@attbi.com">Patrick=20
Wahl</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, April 13, =
2002 1:44=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Bear=20
Rally?</DIV>
<DIV><BR></DIV><BR><BR>On 13 Apr 2002 at 12:35, Duke Miller=20
wrote:<BR><BR>> I don't want to start anything, but....since =
it's the=20
weekend.<BR><BR>oh sure....<BR><BR>> So what kind of market =
are we=20
in, anyway?<BR>> <BR><BR>I was trying to answer this =
question=20
the other night, all I could figure out is that the <BR>market =
is mixed=20
up. Here are some observations, maybe someone can put =
things=20
<BR>together.<BR><BR>Nasdaq selling off after rally to a lower =
high than=20
the high set in January. Right now <BR>sitting near =
support set=20
about 2/22, below 50 day MA, which is sloping =
down.<BR><BR>S&P a=20
little stronger, recent rally carried it just about back to old =
highs,=20
it is <BR>somewhat above those Feb. lows, support around 1075, =
also=20
below 50 day.<BR><BR>Dow quite a bit stronger, the recent high =
surpassed=20
the Jan. highs, recent selloff not <BR>as severe, it's sitting =
on 50 day=20
MA.<BR><BR>Russell 2000 at its highest level since July, made =
new high=20
on Friday relative to last <BR>8 or 9 months.<BR><BR>Vix is up a =
little=20
bit, off the very low levels it was at, but still towards =
the low=20
end of <BR>its range (lower means too much optimism, a =
contrary=20
indicator). I also notice that <BR>the cummulative A/D =
line for=20
the NYSE has been in a steady uptrend since Sept. <BR>lows, the =
Nasdaq=20
A/D line has rallied a bit, but for the last 2 months has gone=20
<BR>sideways to lower.<BR><BR>Lets see - large caps doing ok in =
the form=20
of the Dow, small caps are the strongest <BR>group as =
represented byt=20
the Russell 2000 (that would be our little universe of =
<BR>canslim=20
stocks), the S&P and Nasdaq, I think you could say the real =
guts of=20
the <BR>market in terms of broad representation of industries =
and a=20
large chunk of the total <BR>market cap, are looking flat to=20
weak.<BR><BR>Maybe someone can say something about which stocks =
should=20
be leading if we are <BR>at the beginning of an economic =
recovery, I'm=20
not sure how to interepret this stuff, <BR>like I =
said. I=20
think valuations may still be weighing on the nasdaq, and what I =
am=20
<BR>reading says this will be a weak to moderate recovery, so =
earnings=20
may not be <BR>storng enough to allow the nasdaq to really =
get=20
rolling this year.<BR><BR><BR><BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
=
email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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