Re: [CANSLIM] M - fasten your seatbelt

From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] M - fasten your seatbelt
Date: Sat, 13 Jul 2002 21:43:07 -0500
Next Article (by Subject): RE: [CANSLIM] M - fasten your seatbelt "Hill, Ernie"
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Holy Tomatoes.... may the force be with you....!!!
  ----- Original Message -----=20
  From: Tom Worley=20
  To: canslim@lists.xmission.com=20
  Sent: Saturday, July 13, 2002 9:31 PM
  Subject: Re: [CANSLIM] M - fasten your seatbelt


  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


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<DIV><FONT face=3D"Comic Sans MS">Holy Tomatoes.... may the force be =
with=20
you....!!!</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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 =
9:31=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] M - =
fasten your=20
  seatbelt</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial>real money, IRA and margin acct. The VR Fund =
only has=20
  $4K left out of a million.</FONT></DIV>
  <DIV>&nbsp;</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?&nbsp; 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>&nbsp;</DIV>
  <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
  <DIV>&nbsp;</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>=
=20
    </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=20
    trip on EPIQ) and<BR>already have buy orders in for Monday for that =
cash and=20
    the rest of my<BR>margin buying power.&nbsp; 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,=20
    as well as an uptrend (which may well not last). But I like =
being<BR>at the=20
    front of the pack, at least on the way up.<BR><BR>----- Original =
Message=20
    -----<BR>From: "Hill, Ernie" &lt;<A=20
    =
href=3D"mailto:Ernie.Hill@ElPaso.com">Ernie.Hill@ElPaso.com</A>&gt;<BR>To=
:=20
    &lt;<A=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>Cc:=20
    "'DanC'" &lt;<A=20
    href=3D"mailto:danc@compuall.net">danc@compuall.net</A>&gt;<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=20
    not influenced by<BR>anything that we have recently discussed or =
anyone=20
    else's work. This<BR>forecast comes purely from what I see in the =
Market=20
    from my own system.<BR><BR>It is obvious that the last turn high =
forecast=20
    for the 7-15 turn window<BR>actually occurred on 7-8 at a price =
level of=20
    993.59 roughly 5.5 points shy<BR>of the forecast level of 999. When =
a high=20
    turn comes early outside the turn<BR>window and short of the =
forecast target=20
    it is a signal that the market is<BR>very weak and that an =
acceleration of=20
    the decline is likely.<BR><BR>The bounce that I am expecting is a =
common=20
    reaction to the "missed" turn<BR>window. Often when a turn comes =
early=20
    outside the window prices will bounce<BR>near the highest =
probability turn=20
    date. In this case 7-15. I have recently<BR>forecast the 964-968 =
level for=20
    the top of this bounce. After doing more work<BR>today it appears =
that the=20
    946 level is an equally likely target for the top<BR>of this bounce. =
Look=20
    for these two key levels and expect the market to =
turn<BR>dramatically=20
    downward from one of them. This will likely happen Monday=20
    or<BR>Tuesday.<BR><BR>From there the next low turn is due in the =
time window=20
    around 8-13 expect<BR>this turn to occur late in the window probably =
8-15 or=20
    8-16. My current<BR>target range for this low turn is 759-782. I =
know this=20
    is almost<BR>unthinkable. If my high bounce target of 964-968 is met =
this=20
    could be a 20%<BR>decline in a month.<BR><BR>If you are long =
exercise=20
    extreme caution. Dan F enjoy yourself.<BR><BR>I feel compelled to =
add a=20
    disclaimer. I am not an investment advisor. This<BR>is merely my =
opinion=20
    based on my observations of the market. Before making<BR>any =
investment=20
    decisions please seek out a competent investment advisor,<BR>someone =
like=20
    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=20
    to whom they are addressed.<BR>If you have received this email in =
error=20
    please notify=20
    =
the<BR>sender.<BR>*******************************************************=
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