Go to Jeff Salisbury LWGate Home Page.From: "William King" <wk11@adelphia.net>
Subject: Re: [CANSLIM] Market psychology
Date: Tue, 23 Jul 2002 16:26:34 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_0042_01C23265.B6397620 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jon, I was watching an interview on one of the financial shows the other day = - - can't remember who or where - but the "expert" said he had looked at = history and concluded the bottoming process could take from 3 to 7 = months of consolidation. Bill K. ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 23, 2002 3:59 PM Subject: [CANSLIM] Market psychology All the professionals are looking for a massive capitulation day to = mark the termination of this bear market (i.e. an obvious panic day when = they can start pouring money in). Using the fact that the market rarely = satisfies the majority of participants, I suspect that the professionals = may not get their wish. As such, one other scenario comes to mind: The market continues this relentless water torture for an = indeterminate amount of time and finally the bear market ends at some = point with a whimper barely noticed by anyone, that is a new low is made = on a fairly "normal" day and the market starts climbing back up the next = day, either A) explosively or perhaps B) gently and imperceptibly and = basically doesn't look back from that day on. Any other non-capitulation scenarios that any of you can come up with? = The reason I ask is that with my "B"scenario, we may not get the FTD day = that will ring the bell for us either. Jon - ------=_NextPart_000_0042_01C23265.B6397620 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 5.50.4916.2300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Jon,</FONT></DIV> <DIV><FONT face=3DArial size=3D2>I was watching an interview on one of = the financial=20 shows the other day - can't remember who or where - but the "expert" = said he had=20 looked at history and concluded the bottoming process could take from 3 = to 7=20 months of consolidation.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Bill K.</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=3Djlobatto@nyc.rr.com href=3D"mailto:jlobatto@nyc.rr.com">J. = Lobatto</A>=20 </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> Tuesday, July 23, 2002 = 3:59=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Market=20 psychology</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial color=3D#0000ff>All the professionals are = looking for a=20 massive capitulation day to mark the termination of this bear market = (i.e. an=20 obvious panic day when they can start pouring money in). Using = the fact=20 that the market rarely satisfies the majority of participants, I = suspect that=20 the professionals may not get their wish. As such, one other scenario = comes to=20 mind:</FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff>The market continues this = relentless water=20 torture for an indeterminate amount of time and finally the bear = market=20 ends at some point with a whimper barely noticed by anyone, that is a = new low=20 is made on a fairly</FONT><FONT face=3DArial color=3D#0000ff> "normal" = day and the=20 market starts climbing back up the next day, either = A) explosively=20 or perhaps B) gently and imperceptibly and basically doesn't look = back=20 from that day on.</FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff>Any other non-capitulation = scenarios that=20 any of you can come up with? The reason I ask is that with my = "B"scenario, we=20 may not get the FTD day that will ring the bell for us = either.</FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV> <DIV><FONT face=3DArial = color=3D#0000ff>Jon</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0042_01C23265.B6397620-- - - - -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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