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

From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] Today's IBD "Big Picture" comments...
Date: Wed, 1 May 2002 13:15:00 -0400

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The DJIA, NASD and S&P 500 represent the behavior of the LARGEST companies,
and approx. 50% of the market capitalization of the entire market and yet
are only a total of approximately 500 companies of the approx 6000  issues
listed on NYSE and NASD.
All three of these indices are down and struggling.

IJS is i-share index of the S&P 600 small cap companies and shows a steady
rise since 21 September of 2001, rising from 70 to near 100 now.

The differences of performances (small caps vs. big and high tech vs. low
tech) help point out the places to be focused.


- ----- Original Message -----
From: "Dan Forant" <dforant1@nycap.rr.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, May 01, 2002 12:47 PM
Subject: Re: [CANSLIM] Today's IBD "Big Picture" comments...


> Wow, this is really big news. IBD's been jerking chains for a long time
now.
>
> DanF
> ----- Original Message -----
> From: "Bill Triffet" <btriffet@earthlink.net>
> To: "canslim" <canslim@lists.xmission.com>
> Sent: Wednesday, May 01, 2002 12:12 PM
> Subject: [CANSLIM] Today's IBD "Big Picture" comments...
>
>
> > 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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> >
>
>
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>


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