Re: [CANSLIM] capitulation??? - was -Worley's Weekend Weeview

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] capitulation??? - was -Worley's Weekend Weeview
Date: Sun, 16 Jun 2002 10:19:22 -0600

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There do seem to be a few factors of a technical nature, mainly sentiment, that 
would indicate that the market might be ready to stop going down for a while.  But 
that doesn't mean it has to go up, could just as easily chop around for a while.  Right 
now I don't see much that would cause the market to blast off.  Valuations still fairly 
high, and the traditional drivers of the market (tech. stocks primarily) don't show 
signs of coming our of their slump.  

There also seems to be the problem of getting rid of the weasels that weaseled their 
way into CEO positions and were given these outrageous compensaton packages 
when things were good.  That and the general perception that Wall Street is rigged 
against the little guy (those memo's that were leaked from the internet analysts)   
seem to be weighing on the market.  

I'm wondering if once we get through the seasonally weak fall period (Sept., early 
Oct.) and into the historically strong part of the year maybe we can get a rally going.  
Hope so anyway.

On 16 Jun 2002 at 8:16, Kent Norman wrote:

> Does the group think we are near a turn?



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