Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] M - fasten your seatbelt
Date: Sat, 13 Jul 2002 22:31:24 -0400
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Top of Thread: Re: [CANSLIM] M - fasten your seatbelt Gene Ricci
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This is a multi-part message in MIME format. - ------=_NextPart_000_0157_01C22ABD.051B0E80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable real money, IRA and margin acct. The VR Fund only has $4K left out of a = million. - ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Saturday, July 13, 2002 10:34 PM Subject: Re: [CANSLIM] M - fasten your seatbelt Tom, is this your real account or the VA account? Not to be nosy but = real money seems risky right now... academically it's the time to = buy.... but real money is hard to come by, let alone margin.. IMHO. Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, July 13, 2002 8:31 PM Subject: Re: [CANSLIM] M - fasten your seatbelt sure hope you are wrong, Ernie, I am long and remaining so, fully = invested and on margin. Sold one small position (last of my 4th trip on EPIQ) = and already have buy orders in for Monday for that cash and the rest of my margin buying power. I see some evidence of a bottom forming, and = with earnings starting next week, and very oversold conditions, I believe I = can make some more money. Not an "M" for most, best to sit in cash and wait for the markets to = confirm a bottom, as well as an uptrend (which may well not last). But I like = being at the front of the pack, at least on the way up. ----- Original Message ----- From: "Hill, Ernie" <Ernie.Hill@ElPaso.com> To: <canslim@lists.xmission.com> Cc: "'DanC'" <danc@compuall.net> Sent: Saturday, July 13, 2002 9:22 PM Subject: [CANSLIM] M - fasten your seatbelt Friends this forecast is made with trepidation. It is not influenced = by anything that we have recently discussed or anyone else's work. This forecast comes purely from what I see in the Market from my own = system. It is obvious that the last turn high forecast for the 7-15 turn = window actually occurred on 7-8 at a price level of 993.59 roughly 5.5 points = shy of the forecast level of 999. When a high turn comes early outside the = turn window and short of the forecast target it is a signal that the market = is very weak and that an acceleration of the decline is likely. The bounce that I am expecting is a common reaction to the "missed" = turn window. Often when a turn comes early outside the window prices will = bounce near the highest probability turn date. In this case 7-15. I have = recently forecast the 964-968 level for the top of this bounce. After doing = more work today it appears that the 946 level is an equally likely target for = the top of this bounce. Look for these two key levels and expect the market to = turn dramatically downward from one of them. This will likely happen Monday = or Tuesday. From there the next low turn is due in the time window around 8-13 = expect this turn to occur late in the window probably 8-15 or 8-16. My = current target range for this low turn is 759-782. I know this is almost unthinkable. If my high bounce target of 964-968 is met this could be = a 20% decline in a month. If you are long exercise extreme caution. Dan F enjoy yourself. I feel compelled to add a disclaimer. I am not an investment advisor. = This is merely my opinion based on my observations of the market. Before = making any investment decisions please seek out a competent investment = advisor, someone like your spouse. E ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - -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. - ------=_NextPart_000_0157_01C22ABD.051B0E80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>real money, IRA and margin acct. The VR Fund = only has $4K=20 left out of a million.</FONT></DIV> <DIV> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene Ricci</A> = </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Saturday, July 13, 2002 10:34 PM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] M - fasten your seatbelt</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3D"Comic Sans MS">Tom, is this your real account or the = VA=20 account? Not to be nosy but real money seems risky right now...=20 academically it's the time to buy.... but real money is hard to come by, = let=20 alone margin.. IMHO.</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV> <DIV> </DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dstkguru@bellsouth.net = href=3D"mailto:stkguru@bellsouth.net">Tom=20 Worley</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, July 13, 2002 = 8:31=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] M - = fasten your=20 seatbelt</DIV> <DIV><BR></DIV>sure hope you are wrong, Ernie, I am long and remaining = so,=20 fully invested<BR>and on margin. Sold one small position (last of my = 4th trip=20 on EPIQ) and<BR>already have buy orders in for Monday for that cash = and the=20 rest of my<BR>margin buying power. I see some evidence of a = bottom=20 forming, and with<BR>earnings starting next week, and very oversold=20 conditions, I believe I can<BR>make some more money.<BR><BR>Not an "M" = for=20 most, best to sit in cash and wait for the markets to confirm<BR>a = bottom, as=20 well as an uptrend (which may well not last). But I like being<BR>at = the front=20 of the pack, at least on the way up.<BR><BR>----- Original Message=20 -----<BR>From: "Hill, Ernie" <<A=20 = href=3D"mailto:Ernie.Hill@ElPaso.com">Ernie.Hill@ElPaso.com</A>><BR>To= :=20 <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>Cc:=20 "'DanC'" <<A=20 href=3D"mailto:danc@compuall.net">danc@compuall.net</A>><BR>Sent: = Saturday,=20 July 13, 2002 9:22 PM<BR>Subject: [CANSLIM] M - fasten your=20 seatbelt<BR><BR><BR>Friends this forecast is made with trepidation. It = is not=20 influenced by<BR>anything that we have recently discussed or anyone = else's=20 work. This<BR>forecast comes purely from what I see in the Market from = my own=20 system.<BR><BR>It is obvious that the last turn high forecast for the = 7-15=20 turn window<BR>actually occurred on 7-8 at a price level of 993.59 = roughly 5.5=20 points shy<BR>of the forecast level of 999. When a high turn comes = early=20 outside the turn<BR>window and short of the forecast target it is a = signal=20 that the market is<BR>very weak and that an acceleration of the = decline is=20 likely.<BR><BR>The bounce that I am expecting is a common reaction to = the=20 "missed" turn<BR>window. Often when a turn comes early outside the = window=20 prices will bounce<BR>near the highest probability turn date. In this = case=20 7-15. I have recently<BR>forecast the 964-968 level for the top of = this=20 bounce. After doing more work<BR>today it appears that the 946 level = is an=20 equally likely target for the top<BR>of this bounce. Look for these = two key=20 levels and expect the market to turn<BR>dramatically downward from one = of=20 them. This will likely happen Monday or<BR>Tuesday.<BR><BR>From there = the next=20 low turn is due in the time window around 8-13 expect<BR>this turn to = occur=20 late in the window probably 8-15 or 8-16. My current<BR>target range = for this=20 low turn is 759-782. I know this is almost<BR>unthinkable. If my high = bounce=20 target of 964-968 is met this could be a 20%<BR>decline in a = month.<BR><BR>If=20 you are long exercise extreme caution. Dan F enjoy yourself.<BR><BR>I = feel=20 compelled to add a disclaimer. I am not an investment advisor. = This<BR>is=20 merely my opinion based on my observations of the market. Before = making<BR>any=20 investment decisions please seek out a competent investment=20 advisor,<BR>someone like your=20 = spouse.<BR><BR>E<BR><BR><BR>*********************************************= *********************<BR>This=20 email and any files transmitted with it from the ElPaso<BR>Corporation = are=20 confidential and intended solely for the<BR>use of the individual or = entity to=20 whom they are addressed.<BR>If you have received this email in error = please=20 notify=20 = the<BR>sender.<BR>*******************************************************= ***********<BR><BR>-<BR>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR><BR><BR><BR><BR>-<BR>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0157_01C22ABD.051B0E80-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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