Re: [CANSLIM] Bear Rally?

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] Bear Rally?
Date: Thu, 25 Apr 2002 08:37:03 -0700

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Mona,

This is very interesting to me. It confirms that there is and has been a
"stealth" rally for some time in the small and micro caps. Because these are
not represented well in the three major indexes, they continue to perform
under the general investors radar screen.

I think those that paid more attention to sector performance have done very
well to date. Those (like me) who glued their eyes to the major indexes
(pure canslim) missed out. I think WON's approach is to just invest in the
main market uptrends. While it may not be as successful in this market and
keeps one in cash - it also removes the added burden of modifying the rules
to fit the small and micro cap entry and exit strategies to reflect the
volatility of these groups. Some of these have been discussed here such as
buying in the base and keeping a watch throughout the trading day.

Perhaps a mixture of Ian Woodward's sector influenced type trading (see
www.highgrowthstock.com ) with canslim rules is the way to go for some? I
know it's worked for others here.

- -Bill Triffet

- ----- Original Message -----
From: "Mona Guarino" <webmaster@design21.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, April 25, 2002 1:42 AM
Subject: RE: [CANSLIM] Bear Rally?


> MessageDuke,
>
> I am relatively new to CanSlim and still trying to make sense of the whole
> puzzle, but in the notes I believe you posted a day or so ago, under the
> section 'The Market,' item #2 it says '[t]he best indicator of market
> direction is how your stocks are doing; if you're stopped out of 2 or 3,
> that's a good sign the market's ailing.' I can't identify an exact WON
> reference at this hour of the night, but I remember reading similar
language
> elsewhere, but it's comments like that that let me think it is possible
> (though riskier) to make money even in THIS market. Until Invision tanked
> this afternoon, I was up over 3.5% most of the day when the major indices
> were down all day. And, despite Invision, still I ended up for the day. I
> won't argue that the Market (emphasis on capital M) is in an uptrend, but
as
> long as I can regularly beat the indices and prior experience, I'll take
my
> chances.
>
> -- Mona
>   -----Original Message-----
>   From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller
>   Sent: Wednesday, April 24, 2002 8:02 PM
>   To: canslim@lists.xmission.com
>   Subject: RE: [CANSLIM] Bear Rally?
>
>
>   Katherine, et al:
>
>   How can any CANSLIMer think the market is in an uptrend?
>
>   From tonight's WSJ:
>
>   The Nasdaq fell 1% to 1713.34, its lowest level in nearly six months, on
> lackluster earnings. The Dow industrials sagged 58.81 points to 10030.43,
> the lowest level in more than two months.
>
>   I'm amazed (read: amused).
>
>   Duke
>     -----Original Message-----
>     From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
>     Sent: Wednesday, April 24, 2002 7:41 PM
>     To: canslim@lists.xmission.com
>     Subject: Re: [CANSLIM] Bear Rally?
>
>
>     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).
>
>     Katherine
>
>
>
>
>     ----- Original Message -----
>       From: Tom Worley
>       To: canslim@lists.xmission.com
>       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
>
>


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