RE: [CANSLIM] M


From: "Hill, Ernie" <Ernie.Hill@ElPaso.com>
Subject: RE: [CANSLIM] M
Date: Tue, 4 Jun 2002 21:08:27 -0500

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S&P hit a low of 1030.49 today right in the middle of the highest
probability target range on the highest probability target date, and did it
on a reversal day. A close tomorrow above today's high will be a
confirmation signal that the market has turned.
 
I will be looking to buy tomorrow!
 
E
 
- -----Original Message-----
From: Hill, Ernie 
Sent: Tuesday, May 21, 2002 8:37 PM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] M
 
 
The next low turn has two possible time windows for the turn. The first and
most likely window is within four days of 6-4. The target price range is
1027 to 1034. 1.382 times the move from 5-7 to 5-17 yields 79.51 points
subtract this number from the high of 1106.59 and we arrive at the low
target of 1027.08. A 61.8% retracement of the move from 9-21 to 1-9 yields a
target price of 1033.46. If this projected down move does terminate in the
projected target range, it has the potential to be the end point of the
correction for the entire move from 9-21 to 1-9. And could set the stage for
a significant and sustainable move up.
 
E
 
 


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<p class=3DMsoNormal><span class=3DEmailStyle21><font size=3D2 color=3Dblue=
 face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color=
:blue'>S&amp;P
hit a low of 1030.49 today right in the middle of the highest probability
target range on the highest probability target date, and did it on a revers=
al
day. A close tomorrow above today&#8217;s high will be a confirmation signa=
l that the
market has turned.<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle21><font size=3D2 color=3Dblue=
 face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color=
:blue'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font><=
/span></p>

<p class=3DMsoNormal><span class=3DEmailStyle21><font size=3D2 color=3Dblue=
 face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color=
:blue'>I
will be looking to buy tomorrow!<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle21><font size=3D2 color=3Dblue=
 face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color=
:blue'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font><=
/span></p>

<p class=3DMsoNormal><span class=3DEmailStyle21><font size=3D2 color=3Dblue=
 face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color=
:blue'>E<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle21><font size=3D2 color=3D"#99=
3366"
face=3DArial><span style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font=
- -family:
Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font><=
/span></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 color=3Dblack
face=3DTahoma><span style=3D'font-size:10.0pt;font-family:Tahoma;color:blac=
k'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> Hill, Ernie <br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, May 21, 2002 =
8:37
PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> 'canslim@lists.xmission.=
com'<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] M</sp=
an></font></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p><=
/o:p></span></font></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><span class=3DEmailStyle20>=
<font
size=3D2 color=3Dnavy face=3DArial><span style=3D'font-size:10.0pt;mso-bidi=
- -font-size:
12.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></=
o:p></span></font></span></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><span class=3DEmailStyle20>=
<font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;mso-bid=
i-font-size:
12.0pt;font-family:Arial;color:black'>The next low turn has two possible ti=
me
windows for the turn. The first and most likely window is within four days =
of
6-4. The target price range is 1027 to 1034. 1.382 times the move from 5-7 =
to
5-17 yields 79.51 points subtract this number from the high of 1106.59 and =
we
arrive at the low target of 1027.08. A 61.8% retracement of the move from 9=
- -21
to 1-9 yields a target price of 1033.46. If this projected down move does
terminate in the projected target range, it has the potential to be the end
point of the correction for the entire move from 9-21 to 1-9. And could set=
 the
stage for a significant and sustainable move up.</span></font></span><span
class=3DEmailStyle20><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color:black;mso-color-al=
t:
windowtext'><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><span class=3DEmailStyle20>=
<font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;mso-bid=
i-font-size:
12.0pt;font-family:Arial;color:black'><![if !supportEmptyParas]>&nbsp;<![en=
dif]></span></font></span><span
class=3DEmailStyle20><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color:black;mso-color-al=
t:
windowtext'><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><span class=3DEmailStyle20>=
<font
size=3D2 color=3Dblack face=3DArial><span style=3D'font-size:10.0pt;mso-bid=
i-font-size:
12.0pt;font-family:Arial;color:black'>E</span></font></span><span
class=3DEmailStyle20><font size=3D2 color=3Dblack face=3DArial><span style=
=3D'font-size:
10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color:black;mso-color-al=
t:
windowtext'><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 color=3Dbla=
ck
face=3DTahoma><span style=3D'font-size:10.0pt;font-family:Tahoma;color:blac=
k'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 color=3Dbla=
ck
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'><![if=
 !supportEmptyParas]>&nbsp;<![endif]></span></font><font
color=3Dblack><span style=3D'color:black;mso-color-alt:windowtext'><o:p></o=
:p></span></font></p>

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