Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Today's IBD "Big Picture" comments...
Date: Wed, 1 May 2002 19:20:23 -0400
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by no means the first time IBD's divergence from CANSLIM and HTMMIS has been documented or questioned Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- 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 > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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