Re: [CANSLIM] Market psychology

From: Kent Norman <kent_norman@yahoo.com>
Subject: Re: [CANSLIM] Market psychology
Date: Wed, 24 Jul 2002 21:17:45 -0700 (PDT)
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Tom

Why dont we buy a sign and hang it over your door that you are an
eternal bear!

Since you have proved you can move a market by simply hinting at
capitulation, I hope you stay bearish. I will split my winnings with
you ;-)


Of course you can really trade like a bull - just dont let others know!

Kent Norman

- --- Tom Worley <stkguru@bellsouth.net> wrote:
> I agree Warren, it's just that my personal psyche doesn't want to
> stop being
> bullish until I have been beaten into the ground. And see what
> happened to
> the markets as soon as I announced I had capitulated?? Should have
> done it
> weeks ago and avoided all this blood letting.
> 
> ----- Original Message -----
> From: "Warren Keuffel" <wkeuffel@xmission.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, July 24, 2002 12:19 PM
> Subject: Re: [CANSLIM] Market psychology
> 
> 
> 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
> >
> 
> 
> 
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> 
> 
> 
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