Go to Jeff Salisbury LWGate Home Page.From: "J. Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: [CANSLIM] M where will it bottom?
Date: Mon, 22 Jul 2002 22:35:07 -0400
Next Article (by Date): RE: [CANSLIM] M where will it bottom? "Mike Gibbons"
Top of Thread: RE: [CANSLIM] M where will it bottom? "Mike Gibbons"
Next in Thread: RE: [CANSLIM] M where will it bottom? "Mike Gibbons"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_006B_01C231D0.07B29D60
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Ernie,
Thanks for your input and good luck
Jon
----- Original Message -----=20
From: Hill, Ernie=20
To: 'canslim@lists.xmission.com'=20
Sent: Monday, July 22, 2002 10:26 PM
Subject: [CANSLIM] M where will it bottom?
This forecast is meant to give you a good idea of where to expect this =
bear market to finally end. The head and shoulders pattern the market =
has made predicts a bottom to be made in the 560-575 area. A .618 =
retracement of the entire move from 1982 to 2000 would give a target of =
566 (arithmetic scale). Using a log scale a .382 retracement of the same =
move yields a target price of 550.
=20
These are three targets obtained by different means all of which point =
to roughly the same price. I expect there will be at least one good =
strong rally before the ultimate bottom is reached. As for the time =
frame when this bottom will occur that is much more difficult to =
forecast, however, I do not expect it to happen before March of next =
year.
=20
CANSLIM friends this will be my final post. It's difficult for me to =
leave this list because I feel I have formed a friendship with many of =
you. This is certainly one of the finest lists on the net. I hope some =
of you have benefited from my posts, I know I have benefited from the =
posts made by many of you.
=20
Unfortunately, I am just too busy now to read all of the e-mail I get =
every day. Since I am now 100% trader and no longer practice CANSLIM I =
guess it is time for me to move on.
=20
If any of you are interested in following my market forecasts you can =
do so by sending a blank e-mail to:
=20
snpforecasts-subscribe@topica.com=20
=20
This is not a discussion group it is only my distribution list to =
those who follow my forecasts. It also provides me with a public record =
of my forecasts.
=20
Eventually the bear will hibernate and you guys will again RULE the =
investment world.
=20
I will miss ya'll
=20
E
=20
******************************************************************
This email and any files transmitted with it from the ElPaso=20
Corporation are confidential and intended solely for the=20
use of the individual or entity to whom they are addressed.=20
If you have received this email in error please notify the=20
sender.
******************************************************************
- ------=_NextPart_000_006B_01C231D0.07B29D60
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML xmlns=3D"http://www.w3.org/TR/REC-html40" xmlns:o =3D=20
"urn:schemas-microsoft-com:office:office" xmlns:w =3D=20
"urn:schemas-microsoft-com:office:word"><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3DWord.Document name=3DProgId>
<META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR>
<META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20
href=3D"cid:filelist.xml@01C231C6.610E2DC0" rel=3DFile-List><!--[if gte =
mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:SpellingState>Clean</w:SpellingState>
<w:GrammarState>Clean</w:GrammarState>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
</w:Compatibility>
<w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
</w:WordDocument>
</xml><![endif]-->
<STYLE>@page Section1 {size: 8.5in 11.0in; margin: 1.0in 1.25in 1.0in =
1.25in; mso-header-margin: .5in; mso-footer-margin: .5in; =
mso-paper-source: 0; }
P.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
LI.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
DIV.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
A:link {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlink {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
A:visited {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlinkFollowed {
COLOR: purple; TEXT-DECORATION: underline; text-underline: single
}
SPAN.EmailStyle17 {
COLOR: windowtext; FONT-FAMILY: Arial; mso-style-type: =
personal-compose; mso-style-noshow: yes; mso-ansi-font-size: 10.0pt; =
mso-bidi-font-size: 10.0pt; mso-ascii-font-family: Arial; =
mso-hansi-font-family: Arial; mso-bidi-font-family: Arial
}
DIV.Section1 {
page: Section1
}
</STYLE>
<!--[if gte mso 10]>
<style>
/* Style Definitions */=20
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";}
</style>
<![endif]--></HEAD>
<BODY lang=3DEN-US style=3D"tab-interval: .5in" vLink=3Dpurple =
link=3Dblue=20
bgColor=3D#ffffff>
<DIV><FONT face=3DArial color=3D#0000ff>Ernie,</FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff>Thanks for your input and good=20
luck</FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff>Jon</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #0000ff 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=3DErnie.Hill@ElPaso.com =
href=3D"mailto:Ernie.Hill@ElPaso.com">Hill,=20
Ernie</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> Monday, July 22, 2002 =
10:26=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] M where will =
it=20
bottom?</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">This forecast is meant to give you a good =
idea of=20
where to expect this bear market to finally end. The head and =
shoulders=20
pattern the market has made predicts a bottom to be made in the <FONT=20
color=3Dred><SPAN style=3D"COLOR: red">560-575</SPAN></FONT> area. A =
.618=20
retracement of the entire move from 1982 to 2000 would give a target =
of <FONT=20
color=3Dred><SPAN style=3D"COLOR: red">566</SPAN></FONT> (arithmetic =
scale). Using=20
a log scale a .382 retracement of the same move yields a target price =
of <FONT=20
color=3Dred><SPAN=20
style=3D"COLOR: red">550</SPAN></FONT>.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">These are three targets obtained by =
different means=20
all of which point to roughly the same price. I expect there will be =
at least=20
one good strong rally before the ultimate bottom is reached. As for =
the time=20
frame when this bottom will occur that is much more difficult to =
forecast,=20
however, I do not expect it to happen before March of next=20
year.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">CANSLIM friends this will be my final post. =
It's=20
difficult for me to leave this list because I feel I have formed a =
friendship=20
with many of you. This is certainly one of the finest lists on the =
net. I hope=20
some of you have benefited from my posts, I know I have benefited from =
the=20
posts made by many of you.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">Unfortunately, I am just too busy now to =
read all of=20
the e-mail I get every day. Since I am now 100% trader and no longer =
practice=20
CANSLIM I guess it is time for me to move =
on.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">If any of you are interested in following my =
market=20
forecasts you can do so by sending a blank e-mail=20
to:<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><A=20
=
href=3D"mailto:snpforecasts-subscribe@topica.com">snpforecasts-subscribe@=
topica.com</A>=20
<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">This is not a discussion group it is only my =
distribution list to those who follow my forecasts. It also provides =
me with a=20
public record of my forecasts.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">Eventually the bear will hibernate and you =
guys will=20
again RULE the investment world.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">I will miss =
ya'll<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">E<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p> </o:p></SPAN></FONT></P></DIV><CODE><FONT=20
=
size=3D3><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 the=20
=
<BR>sender.<BR>**********************************************************=
********<BR></BLOCKQUOTE></FONT></CODE></BODY></HTML>
- ------=_NextPart_000_006B_01C231D0.07B29D60--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Date): RE: [CANSLIM] M where will it bottom? "Mike Gibbons"
Top of Thread: RE: [CANSLIM] M where will it bottom? "Mike Gibbons"
Next in Thread: RE: [CANSLIM] M where will it bottom? "Mike Gibbons"
Articles sorted by: [Date]
[Author]
[Subject]