Go to Jeff Salisbury LWGate Home Page.From: Warren Keuffel <wkeuffel@xmission.com>
Subject: Re: [CANSLIM] Market psychology
Date: Wed, 24 Jul 2002 10:19:12 -0600
Previous Article (by Subject): Re: [CANSLIM] Investing 101 Chazmoore@aol.com
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Tom, This may be 2nd- or 3rd- (or maybe even 4th-) guessing, but it seems to me that the time to short is long before capitulation. That is, shorting should (if this theory is correct) be done on the way down, not when we have arrived at the bottom (or near it.) I am acutely aware that too many people have called a market bottom and have been proven wrong, so perhaps my theory is wrong because we should always be listening to what M tells us, not what we think it should be telling us. Be that as it may, the bottom line of my question to you (and everyone else) is whether the time to short has come and possibly gone, and that all (or most) of the good shorting candidates have been shorted. Or should we say, "OK, M is in decline -- until it no longer is, let's short!" Warren Tom Worley wrote: > 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 ----- > From: eric.spence1@comcast.net <mailto:eric.spence1@comcast.net> > > To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com> > > 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 ----- > > From: Tom Worley <mailto:stkguru@bellsouth.net> > > To: canslim@lists.xmission.com <mailto: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 <mailto:jlobatto@nyc.rr.com> > > To: canslim@lists.xmission.com <mailto: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 > - - - -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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