Re: [CANSLIM] Market psychology


From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Market psychology
Date: Wed, 24 Jul 2002 09:11:55 -0400

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far as I know, it is long since out of print, and maybe not applicable =
any longer. I have not read it in years, my mistake. I will see if I can =
scan it and post it as there is no copyright embargo on my copy.

- ----- Original Message -----=20
From: eric.spence1@comcast.net=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 24, 2002 9:09 AM
Subject: Re: [CANSLIM] Market psychology


Tom,

I would like a copy of that book. Do you know where any exist. I thought =
it was out of print.
  ----- Original Message -----=20
  From: Tom Worley=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, July 24, 2002 6:52 AM
  Subject: Re: [CANSLIM] Market psychology


  well, I have capitulated finally. A 20% loss yesterday overall on my =
IRA was the final straw.

  time for me to break out WON's mini-book on shorting stocks and see if =
it makes any sense in today's market. It is undated, but I think about =
20 years old.

  ----- 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

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<DIV><FONT face=3DArial>far as I know, it is long since out of print, =
and maybe=20
not applicable any longer. I have not read it in years, my mistake. I =
will see=20
if I can scan it and post it as there is no copyright embargo on my=20
copy.</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=3Deric.spence1@comcast.net=20
href=3D"mailto:eric.spence1@comcast.net">eric.spence1@comcast.net</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> Wednesday, July 24, 2002 9:09 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Market psychology</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Tom,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I would like a copy of that book. Do =
you know where=20
any exist. I thought it was out of print.</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> Wednesday, July 24, 2002 =
6:52=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Market=20
  psychology</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial>well, I have capitulated finally. A 20% loss =
yesterday=20
  overall on my IRA was the final straw.</FONT></DIV>
  <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial>time for me to break out WON's mini-book on =
shorting=20
  stocks and see if it makes any sense in today's market. It is undated, =
but I=20
  think about 20 years old.</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=3Djlobatto@nyc.rr.com href=3D"mailto:jlobatto@nyc.rr.com">J. =
Lobatto</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>=
 </DIV>
  <DIV><B>Sent:</B> Tuesday, July 23, 2002 3:59 PM</DIV>
  <DIV><B>Subject:</B> [CANSLIM] Market psychology</DIV></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&nbsp;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>&nbsp;</DIV>
  <DIV><FONT face=3DArial color=3D#0000ff>The market continues this =
relentless water=20
  torture for an indeterminate amount of time&nbsp;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&nbsp;starts climbing back up the next day, either =
A)&nbsp;explosively=20
  or perhaps B) gently and imperceptibly&nbsp;and basically doesn't look =
back=20
  from that day on.</FONT></DIV>
  <DIV><FONT face=3DArial color=3D#0000ff></FONT>&nbsp;</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>&nbsp;</DIV>
  <DIV><FONT face=3DArial =
color=3D#0000ff>Jon</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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Previous Article (by Date): Re: [CANSLIM] Banks helped WCOM cover-up "Tom Worley"
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