Re: [CANSLIM] your use of IBD daily table

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] your use of IBD daily table
Date: Tue, 30 Apr 2002 08:40:09 -0700

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I "used" to use them to sometimes confirm breakouts (of the issues that were
valid canslim) of my previous days buy. Many if not most lately stocks
though now come with ragged patterns - deep dips etc.  In addition most are
extended (if they are even a valid issue at all) from a valid pivot - a lot
of gap ups on the open.

Lately I find it to be a precursor to a severe pullback. WAY to many folks
look at it now. I almost consider it lately to be a sell indicator for very
short term (several day) trades by the momentum only traders. I believe in a
bad market once it's listed there, many times it's too late.

In a good canslim market, I just use it for confirming my buys - that's all.
I much prefer the Weekend Review for stock selection and review.

Can you tell I'm tired of this market? (g)

- -Bill Triffet






- ----- Original Message -----
From: "Bill Wasson" <billwa24@yahoo.com>
To: "canslim" <canslim@lists.xmission.com>
Sent: Tuesday, April 30, 2002 6:48 AM
Subject: [CANSLIM] your use of IBD daily table


> I'm asking again, if anyone will share their thoughts
> on how they use the IBD Daily Table "Where The Big
> Money's Flowing Now" when selecting stocks for
> purchase .... and do the stocks displayed therein
> appear to be better short term, almost day trade
> types, purchases to you? ..... Thanks for any thoughts
> any of you choose to share.
>
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