[CANSLIM] Today's IBD "Big Picture" comments...

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: [CANSLIM] Today's IBD "Big Picture" comments...
Date: Wed, 1 May 2002 09:12:38 -0700

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Well friends, it seems that today's IBD confirms what I've thought about the
M in canslim - It's not necessarily based on the readings of the three major
market indexes ( a big departure from HTMMIS).

I'm paraphrasing the last three paragraphs of "The Big Picture"(there are
stiff copyright disclaimers at IBD):

It will take a few days to see if the rotation BACK into the Dow, Naz, and
S&P is valid. There should be a big move in heavier volume by the end of the
week to confirm it.

It goes on to say it's a "nonissue" for growth investors since small and
mid-cap stocks along with medical, consumer and defense are doing well
despite the big averages. If they hold up, it says, the major averages could
improve.

Also mentions "careful trading" with tight loss cutting is key.

My point? IMHO, IBD is marketed for many types of investors. Pure canslim
(if there is such a thing) is just one of them.

I think perhaps it's time for me to look at growth investing with a canslim
approach. I'm starting to see several here have done this to great success
(though with very close watching). Including things such as a lower but
advancing RS as opposed to just a high rating and not be afraid to jump into
stocks in an upwards trending sector though the market is flat or down IF
they have good fundies.

Several times this and last year I saw stocks and groups moving ahead but
stayed out due to the major indexes downward trend. Comments?

Btw, for Fred, it suggests there's heavy distribution out of gold and
precious metals by investors.

Bill Triffet





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