RE: [CANSLIM] sweet chart

From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] sweet chart
Date: Wed, 10 Jul 2002 09:48:52 -0600

Next Article (by Author): [CANSLIM] zillagirl - Amateur-Investors.Com Gene Ricci
Previous Article (by Author): RE: [CANSLIM] sweet chart "David Taggart"
Top of Thread: [CANSLIM] sweet chart "Tom Worley"
Next in Thread: Re: [CANSLIM] sweet chart "J. Lobatto"
Articles sorted by: [Date] [Author] [Subject]

Since WON and IBD focus so much on RS and industry group RS they only show
the strong stocks in the markets.  That means that they dont really pay
attention to the laggards so most of the charts in IBD end up looking
bullish without visually showing all of the other sad looking charts.
Here is a chart showing the Nasdaq stocks above their 200 day MA
http://stockcharts.com/def/servlet/SC.web?c=$NAA200,uu[m,a]daclyyay[pb50!b20
0][vc60][i]&pref=G

Here is the same chart for the NYSE
http://stockcharts.com/def/servlet/SC.web?c=$NYA200,uu[m,a]daclyyay[pb50!b20
0][vc60][i]&pref=G

As you can see from those the market is in pretty sad shape overall.  That
being said there is nothing wrong IMHO with going long on a very selective
basis in this market as long as you use really tight stops and small
positions.  This of course makes it so you cant win real big but you cant
lose much either which should be the main focus anyways.

David Taggart

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Wednesday, July 10, 2002 9:23 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] sweet chart

I keep hearing the group saying that M is bad, and I can't disagree, but it
sure seems that when I am looking at IBD everyday, and looking at the
stocks in the news, etc, there are a LOT that are up 30, 40 even 60% this
year.  It is difficult to see those charts, and to be continually told that
we should be sitting on the sidelines...

I guess that is why I joined the group, to learn more.....

Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com

                    "Patrick Wahl"
                    <pjwahl@attbi.com>            To:
canslim@lists.xmission.com
                    Sent by:                      cc:
                    owner-canslim@lists.xm        Subject:     RE: [CANSLIM]
sweet chart
                    ission.com

                    07/10/2002 10:09 AM
                    Please respond to
                    canslim

Of course we'd all be delighted to hear your comments on the stock, not
just the
lack of comments.

This market is in such a severe downward spiral that I don't see any reason
to be in
there at the present time.  I know there are a few stocks going up and a
few people
on this list are having a little bit of success going long, but the odds of
being in a
stock that is moving up don't seem very good right now.

On 10 Jul 2002 at 9:29, Kelly Short wrote:

> I expected this group, never short of opinion and insight, would have
> responded with more fervor over your posting. Everyone must be sleeping
this
> morning.... Good morning. Would anyone like some juice?

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.