Re: [CANSLIM] sweet chart

From: "J. Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: [CANSLIM] sweet chart
Date: Wed, 10 Jul 2002 12:07:26 -0400

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David,

Those are fascinating charts and I wasn't aware such a thing was available.
Thanks for the heads up....

Jon
- ----- Original Message -----
From: "David Taggart" <dctag@mavericktrading.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, July 10, 2002 11:48 AM
Subject: RE: [CANSLIM] sweet chart


> 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?
>
>
>
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