Re: [CANSLIM] M - fasten your seatbelt

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] M - fasten your seatbelt
Date: Sat, 13 Jul 2002 22:44:51 -0400
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no, that's $4K cash, the fund is slightly ahead of original (Aug 6, =
2001) starting value, and is now an Information Technology fund.

- ----- Original Message -----=20
From: Hill, Ernie=20
To: 'canslim@lists.xmission.com'=20
Sent: Saturday, July 13, 2002 10:38 PM
Subject: RE: [CANSLIM] M - fasten your seatbelt


Gee-Wiz Tom! Was this a telcom VR fund?

=20

E

=20

- -----Original Message-----
From: Tom Worley [mailto:stkguru@bellsouth.net]
Sent: Saturday, July 13, 2002 9:31 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] M - fasten your seatbelt

=20

real money, IRA and margin acct. The VR Fund only has $4K left out of a =
million.

=20

- ----- 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

=20

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.

=20

Gene

=20

- ----- 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

=20

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=3DArial>no, that's $4K cash, the fund is slightly ahead =
of=20
original (Aug 6, 2001) starting value, and is now an Information =
Technology=20
fund.</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=3DErnie.Hill@ElPaso.com =
href=3D"mailto:Ernie.Hill@ElPaso.com">Hill, Ernie</A>=20
</DIV>
<DIV><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><B>Sent:</B> Saturday, July 13, 2002 10:38 PM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] M - fasten your seatbelt</DIV></DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">Gee-Wiz=20
Tom! Was this a telcom VR fund?<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">E<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B> =
Tom Worley=20
[mailto:stkguru@bellsouth.net]<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Saturday, July 13, 2002 =
9:31=20
PM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B> <A=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM] M - fasten =
your=20
seatbelt</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblack=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: =
Arial">real=20
money, IRA and margin acct. The VR Fund only has $4K left out of a=20
million.</SPAN></FONT><FONT color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">&nbsp;</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">-----=20
Original Message -----=20
<DIV style=3D"font-color: black"></SPAN></FONT><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT>
<P></P>
<P class=3DMsoNormal style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: =
0.5in"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene Ricci</A>=20
</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Saturday, =
July 13,=20
2002 10:34 PM</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT face=3DArial =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Re: =
[CANSLIM] M -=20
fasten your seatbelt</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black"><![if !supportEmptyParas]><![endif]>&nbsp;</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Comic =
Sans MS"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 'Comic Sans =
MS'">Tom, is this=20
your real account or the VA account?&nbsp; Not to be nosy but real money =
seems=20
risky right now... academically it's the time to buy.... but real money =
is hard=20
to come by, let alone margin.. IMHO.</SPAN></FONT><FONT =
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">&nbsp;</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Comic =
Sans MS"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 'Comic Sans =
MS'">Gene</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">&nbsp;</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<DIV=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black =
1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none">
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
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4.0pt"><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">----- =
Original Message=20
- ----- </SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; BACKGROUND: #e4e4e4; PADDING-BOTTOM: =
0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; =
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mso-padding-alt: 0in 0in 0in 4.0pt"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">
<DIV style=3D"font-color: black">From:</SPAN></FONT></B><FONT =
face=3DArial=20
color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
title=3Dstkguru@bellsouth.net href=3D"mailto:stkguru@bellsouth.net">Tom =
Worley</A>=20
</SPAN></FONT></DIV><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT>
<P></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
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4.0pt"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; =
mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in =
4.0pt"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Saturday, =
July 13,=20
2002 8:31 PM</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; =
mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in =
4.0pt"><B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Re: =
[CANSLIM] M -=20
fasten your seatbelt</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; =
mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in =
4.0pt"><FONT=20
face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"><![if =
!supportEmptyParas]><![endif]>&nbsp;</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; =
mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in =
4.0pt"><FONT=20
face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">sure hope you are wrong, Ernie, =
I am long=20
and remaining so, fully invested<BR>and on margin. Sold one small =
position (last=20
of my 4th trip on EPIQ) and<BR>already have buy orders in for Monday for =
that=20
cash and the rest of my<BR>margin buying power.&nbsp; I see some =
evidence of a=20
bottom 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 most,=20
best to sit in cash and wait for the markets to confirm<BR>a bottom, as =
well as=20
an uptrend (which may well not last). But I like being<BR>at the front =
of the=20
pack, at least on the way up.<BR><BR>----- Original Message =
- -----<BR>From:=20
"Hill, Ernie" &lt;<A=20
href=3D"mailto:Ernie.Hill@ElPaso.com">Ernie.Hill@ElPaso.com</A>&gt;<BR>To=
: &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 not=20
influenced by<BR>anything that we have recently discussed or anyone =
else's work.=20
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 turn=20
window<BR>actually occurred on 7-8 at a price level of 993.59 roughly =
5.5 points=20
shy<BR>of the forecast level of 999. When a high turn comes early =
outside the=20
turn<BR>window and short of the forecast target it is a signal that the =
market=20
is<BR>very weak and that an acceleration of the decline is =
likely.<BR><BR>The=20
bounce that I am expecting is a common reaction to the "missed" =
turn<BR>window.=20
Often when a turn comes early outside the window prices will =
bounce<BR>near the=20
highest probability turn date. In this case 7-15. I have =
recently<BR>forecast=20
the 964-968 level for the top of this bounce. After doing more =
work<BR>today it=20
appears that the 946 level is an equally likely target for the top<BR>of =
this=20
bounce. Look for these two key levels and expect the market to=20
turn<BR>dramatically 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 is=20
almost<BR>unthinkable. If my high bounce target of 964-968 is met this =
could be=20
a 20%<BR>decline in a month.<BR><BR>If you are long exercise extreme =
caution.=20
Dan F enjoy yourself.<BR><BR>I feel compelled to add a disclaimer. I am =
not an=20
investment advisor. This<BR>is merely my opinion based on my =
observations of the=20
market. Before making<BR>any investment decisions please seek out a =
competent=20
investment advisor,<BR>someone like your=20
spouse.<BR><BR>E<BR><BR><BR>*********************************************=
*********************<BR>This=20
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