RE: [CANSLIM] sweet chart

From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] sweet chart
Date: Wed, 10 Jul 2002 11:09:01 -0600

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http://www.sectorrotationfund.com/IRT/SPX1.pdf
here is a chart showing the % of stocks in the SP500 that are above the 50
and 200 day ma's

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl
Sent: Wednesday, July 10, 2002 11:04 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] sweet chart

This statement made me a bit curious about just how many stocks are up that
much, so I wrote a quick scan to spit out all of the stocks that are up more
than 35%
this year, there are actually a fair number of them.  Screening only for
stocks that
were above 16 a share on Jan 3, I came up with about 120 that have moved up
at
least 35%.  A little further restriction, up 35% still, with avg. daily
volume of 40K and
EPS rank of 80, and the list was down to 27 stocks.  That is really not that
many
stocks out of the 7,000 or so that are out there.  Many of these topped out
in March
and are basing, guess those are good candidates for whatever time the market
finally turns up again.

Anyway, the odds are still against you, just hanging on to what you have and
not
losing money is sometimes an acceptable strategy, I think this is one of
those times.

On 10 Jul 2002 at 10:23, michael_niemotka@baxter.com wrote:

> 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...

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