Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Market psychology
Date: Wed, 24 Jul 2002 08:21:31 -0500
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For shorting in the "inverse" CANSLIM style, I'd recommend:
Secrets for Profiting In Bull and Bear Markets by Stan Weinstein =
(straight forward patterns, entry/exit points).
The Hedge Fund Edge by Mark Boucher (I call him CANSLIM-on-steroids)
For shorting in the shorter term trading style:
Dave Landry on Swing Trading by Dave Landry (you'll find his book at =
TradingMarkets.com, if only all traders wrote this clearly!)
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, July 24, 2002 8:11 AM
Subject: Re: [CANSLIM] Market psychology
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>For shorting in the "inverse" CANSLIM style, I'd recommend:</DIV>
<DIV> </DIV>
<DIV>Secrets for Profiting In Bull and Bear Markets by Stan Weinstein =
(straight=20
forward patterns, entry/exit points).</DIV>
<DIV>The Hedge Fund Edge by Mark Boucher (I call him =
CANSLIM-on-steroids)</DIV>
<DIV> </DIV>
<DIV>For shorting in the shorter term trading style:</DIV>
<DIV>Dave Landry on Swing Trading by Dave Landry (you'll find his book =
at=20
TradingMarkets.com, if only all traders wrote this clearly!)</DIV>
<DIV> </DIV>
<DIV>Katherine</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 =
8:11=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>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> </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> </DIV>
<DIV><FONT face=3DArial size=3D2>I would like a copy of that book. Do =
you know=20
where 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>=
=20
</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 =
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> </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> </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>=
=20
</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.=20
an obvious panic day when they can start pouring money in). =
Using the=20
fact that the market rarely satisfies the majority of participants, =
I=20
suspect that the professionals may not get their wish. As such, one =
other=20
scenario comes to mind:</FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff>The market continues this =
relentless=20
water torture for an indeterminate amount of time and finally =
the bear=20
market ends at some point with a whimper barely noticed by anyone, =
that is a=20
new low is made on a fairly</FONT><FONT face=3DArial =
color=3D#0000ff> "normal"=20
day and the market starts climbing back up the next day, either =
A) explosively or perhaps B) gently and imperceptibly and=20
basically doesn't look back 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=20
that any of you can come up with? The reason I ask is that with my=20
"B"scenario, we may not get the FTD day that will ring the bell for =
us=20
either.</FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV>
<DIV><FONT face=3DArial=20
color=3D#0000ff>Jon</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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