Re: [CANSLIM] "M" History

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] "M" History
Date: Thu, 13 Jun 2002 14:43:39 -0700 (PDT)

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Charley, I beg to differ that history doesn't show us
where were are going.  History can give us a good
indication of where we are going.

To use and example. Say I throw a ball up in the air
and take a picture of it in mid-air. Now I show you
this picture.  Will you be able to tell me if this
ball is going up, or down?  If you know how the ball
got where it was (history of it) when the picture was
taken, i.e. on its way up, or on its way down, you
would be able to say with reasonable accuracy which
direction it will be going over the next time period.

History and the way the world is moving, doesn't
change overnight. They change in long, slow moving
trends.  

The very fact that you are using, or at least interest
in CANSLIM is already an indication that you believe
in history. Since it work in the past you are willing
to use it now and in the future. Or how do you decide
on a methodology to use? Do you just pick out
something and hope it will work in the future, or do
you study it first to see how it did in the past?

- - Fanus


- --- Chazmoore@aol.com wrote:
> Thanks for the "history" quotations Mike. I heard
> about the 18 year cycle the 
> other day and it just didn't ring true. For some
> reason many commentators ask 
> if we are heading for another crash like 1929. How
> foolish. We may have a 
> crash but it won't be like 1929, or any other crash.
> I do believe it is instructive to look at historical
> events, but not because 
> it lets one predict the future. History tells us how
> we got here; not where 
> we are going.
> 
> Charley
> 


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