RE: [CANSLIM] sweet chart

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] sweet chart
Date: Wed, 10 Jul 2002 15:05:39 -0400

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NOT so sweet chart!!!

Duke

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of David Taggart
Sent: Wednesday, July 10, 2002 1:09 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] sweet chart

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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