RE: [CANSLIM] M

From: "Tim Fisher" <Tim@orerockon.com>
Subject: RE: [CANSLIM] M
Date: 19 May 2002 11:22:33 -0700

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Tom, the INDI 500 is far superior to the RUT for our CANSLIM world.

At 09:46 PM 5/17/2002 -0500, you wrote:

>No I haven t. Probably should though. If I can find the time I ll give it 
>a shot.
>
>
>
>E
>
>
>
>-----Original Message-----
>From: Tom Worley [mailto:stkguru@bellsouth.net]
>Sent: Friday, May 17, 2002 9:42 PM
>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] M
>
>
>
>Ernie,
>
>
>
>Have you ever tried to apply the same type review to the Russell 2000, or 
>any other small cap index? If so, I would be interested in the results.
>
>
>
>----- Original Message -----
>
>From: <mailto:Ernie.Hill@ElPaso.com>Hill, Ernie
>
>To: <mailto:'canslim@lists.xmission.com'>'canslim@lists.xmission.com'
>
>Sent: Friday, May 17, 2002 10:35 PM
>
>Subject: RE: [CANSLIM] M
>
>
>
>Well the 5-7 low has held up and we are in the midst of the upswing I have 
>been anticipating, unfortunately despite the FTD I don't expect it to last 
>much longer.
>
>
>
>The S&P is currently right in the middle of a heavy resistance area 1103 - 
>1111. Unless it can move through this resistance area with conviction this 
>move will likely be over in a matter of days if not already.
>
>
>
>I still see the forecast I made on 5-9 as being the highest probable 
>outcome for the termination of this move. The most likely target is 1112 
>on 5-22.
>
>
>
>NAZ doesn't look too good either.  A 50% retracement of the move from the 
>high on 3-11-02 to the low on 5-7 would give a target price of 1753.26, 
>Thursday the NAZ hit an intraday high of 1759.33 and the intraday high for 
>today was 1754.22. In both instances the daily highs penetrated the trend 
>line drawn from the tops of the highs made on 3-11 and 4-17 and then 
>closed at or below this trend line.
>
>
>
>Additionally a 38.2 % retracement (another Fibinocci number) of the larger 
>move from the high made on 1-9-02 to the low on 5-7 yields a target price 
>of 1766 which is the exact level where the NAZ would on 5-21 intersect the 
>trend line drawn from the tops of the highs made on 1-9-02 and 3-11.
>
>
>
>The NAZ like the S&P is about to or has already reached the end of this 
>current upswing in M.
>
>
>
>E
>
>

Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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