Re: [CANSLIM] Market psychology


From: eric.spence1@comcast.net
Subject: Re: [CANSLIM] Market psychology
Date: Wed, 24 Jul 2002 08:09:33 -0500

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Tom,

I would like a copy of that book. Do you know where any exist. I thought it was out of print.
  ----- Original Message ----- 
  From: Tom Worley 
  To: canslim@lists.xmission.com 
  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 ----- 
  From: J. Lobatto 
  To: canslim@lists.xmission.com 
  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=Arial size=2>Tom,</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>I would like a copy of that book. Do you know where 
any exist. I thought it was out of print.</FONT></DIV>
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A title=stkguru@bellsouth.net href="mailto:stkguru@bellsouth.net">Tom 
  Worley</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, July 24, 2002 6:52 
  AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Market 
  psychology</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=Arial>well, I have capitulated finally. A 20% loss yesterday 
  overall on my IRA was the final straw.</FONT></DIV>
  <DIV><FONT face=Arial></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial>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.</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV style="FONT: 10pt arial">----- Original Message ----- 
  <DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A 
  title=jlobatto@nyc.rr.com href="mailto:jlobatto@nyc.rr.com">J. Lobatto</A> 
  </DIV>
  <DIV><B>To:</B> <A title=canslim@lists.xmission.com 
  href="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=Arial color=#0000ff>All the professionals are looking for a 
  massive capitulation day to mark the termination of this bear market (i.e. an 
  obvious panic day&nbsp;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:</FONT></DIV>
  <DIV><FONT face=Arial color=#0000ff></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial color=#0000ff>The market continues this relentless water 
  torture for an indeterminate amount of time&nbsp;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</FONT><FONT face=Arial color=#0000ff> "normal" day and the 
  market&nbsp;starts climbing back up the next day, either A)&nbsp;explosively 
  or perhaps B) gently and imperceptibly&nbsp;and basically doesn't look back 
  from that day on.</FONT></DIV>
  <DIV><FONT face=Arial color=#0000ff></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial color=#0000ff>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.</FONT></DIV>
  <DIV><FONT face=Arial color=#0000ff></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial color=#0000ff>Jon</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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