Re: [CANSLIM] test - disregard

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] test - disregard
Date: Sun, 28 Apr 2002 21:37:51 -0400

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Patrick,

my far less than scientism assessment is that actual earnings reports are
running ahead of forecasts and expectations. I do see the pessimism over
just how long it may take to get this economy raging again, and have
corporate earnings back to prior year levels, but I don't see the
disappointment over current earnings.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Patrick Wahl" <pjwahl@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, April 28, 2002 9:31 PM
Subject: RE: [CANSLIM] test - disregard

I noticed that the Vix, which I have been yapping about for a month, has
moved up
a little bit, that's a good sign, market really didn't figure to be able to
make any
headway as long as it was so low.  There also seems to be a bit of
pessimism, that
tends to be a good thing.  The bad thing is that the market's sell off is
pretty clearly
due to disappointment with the current batch of earnings, I was hoping they
would
be strong enough to trigger some buying.  S&P is sitting at support, I guess
if it is
going to turn up here it will first consolidate a little bit anyway.

On 28 Apr 2002 at 18:45, Hill, Ernie wrote:

> I have thought about posting several times this weekend concerning the S&P
> bottoming Friday near my target price of 1080 and how my system is
screaming
> that this is a significant turning point. But, I am finding it hard to
> believe myself.
>
> The last couple of days last week even the small caps got butchered, maybe
> this was what was needed to finally reach bottom.

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