Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] M - How low will it go.
Date: Sat, 20 Jul 2002 08:03:52 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_006F_01C22FC3.FCA73560 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable only the market can tell us that answer, Ira. And because the past two = years have been marked by failed rally after failed rally, whether = measured as a breakout on an individual stock, or on an index, it is = reasonable to assume that this will continue once the market does turn. Because the downtrend has been so steep, and for months now also = disconnected from a strengthening economy and recovering earnings, the = separation between sentiment and reality is creating a "negative bubble" = caused by a combination of terrorism fears at first, and financial = accounting scandals now. When this bubble bursts, if it does so, then = the reversal in the markets could be rapid and near vertical. On the = other hand, just as we continued the down trend in a steady erosion, = without the severe capitulation day often forecasted and never met, the = recovery might just go the other way, with people settling for short = term profits thinking the rally would fail, only to find it still going = higher. - ----- Original Message -----=20 From: Ira Post=20 To: canslim@lists.xmission.com=20 Sent: Saturday, July 20, 2002 5:21 AM Subject: [CANSLIM] M - How low will it go. I've been sitting out of the market and this discussion list because I = don't think these market conditions are suitable for Canslim. But I'm = ready to get back into it once the market turns around. My question is how much longer before the market turns and how low will = it get? I'd like to hear alot of different opinons and people's = reasons. It may do us all some good. Ira - --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.377 / Virus Database: 211 - Release Date: 7/15/02 - ------=_NextPart_000_006F_01C22FC3.FCA73560 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>only the market can tell us that answer, Ira. = And because=20 the past two years have been marked by failed rally after failed rally, = whether=20 measured as a breakout on an individual stock, or on an index, it is = reasonable=20 to assume that this will continue once the market does = turn.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Because the downtrend has been so steep, and for = months=20 now also disconnected from a strengthening economy and recovering = earnings, the=20 separation between sentiment and reality is creating a "negative bubble" = caused=20 by a combination of terrorism fears at first, and financial accounting = scandals=20 now. When this bubble bursts, if it does so, then the reversal in the = markets=20 could be rapid and near vertical. On the other hand, just as we = continued the=20 down trend in a steady erosion, without the severe capitulation day = often=20 forecasted and never met, the recovery might just go the other way, with = people=20 settling for short term profits thinking the rally would fail, only to = find it=20 still going higher.</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=3Dip108@yahoo.com href=3D"mailto:ip108@yahoo.com">Ira Post</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 20, 2002 5:21 AM</DIV> <DIV><B>Subject:</B> [CANSLIM] M - How low will it go.</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2>I've been sitting out of the market and = this=20 discussion list because I don't think these market conditions are = suitable for=20 Canslim. But I'm ready to get back into it once the market turns=20 around.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>My question is how much longer before = the market=20 turns and how low will it get? I'd like to hear alot of different = opinons=20 and people's reasons. It may do us all some good.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Ira</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2><BR>---<BR>Outgoing mail is certified = Virus=20 Free.<BR>Checked by AVG anti-virus system (<A=20 href=3D"http://www.grisoft.com">http://www.grisoft.com</A>).<BR>Version: = 6.0.377 /=20 Virus Database: 211 - Release Date: 7/15/02</FONT></DIV></BODY></HTML> - ------=_NextPart_000_006F_01C22FC3.FCA73560-- - - - -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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