Re: [CANSLIM] APSG

From: Spencer48@aol.com
Subject: Re: [CANSLIM] APSG
Date: Wed, 12 Jun 2002 13:36:16 EDT

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Duke:

     IBD's Big Picture also has monitory notes as to investors/speculators 
buying stocks nowadays.  Here is the relevant passage:  

"At the very least, the market's most recent failure proves again why it's 
dangerous to rush back in at the first whiff of strength. Friday's 
high-volume reversal offered some hope. But without a follow-through session 
in which one of the big indexes rallies 2% or more in heavier volume than the 
prior day, there was no reason to test the waters.

Even when the market follows through, you still need to be careful. 
Fundamentally strong stocks should break out of well-formed bases. If you 
don't see leaders, you don't buy. That automatically limits your exposure.

How much longer can this grinding market last? It has for the most part 
ignored the Fed's 11 rate cuts, the medicine that usually cures bear markets. 

You have to go back to 1929-32 to find another instance in which stocks 
defied the Fed for so long. Fortunately, our economy faces nothing like the 
deflation and depression of the early 1930s. But we are working through a 
tech bubble that far surpassed the euphoria of the 1920s."

jans



In a message dated 6/12/2002 10:43:54 AM Eastern Daylight Time, 
dukemill@tampabay.rr.com writes:

<< Mike, et al:
 
 Check out today's WEBLINK.  Some pretty frank language about our common
 gripe these days.
 
 Duke
  >>

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