Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Anxious
Date: Tue, 30 Jul 2002 09:44:49 -0400
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Messageas another observation, Katherine, this weekend I used my usual =
screen but chose the 200 dma rather than new highs, got 48 or so stocks =
from Friday's close. Last night I ran the same screen but used the 50 =
dma, and got 105. Tells me a lot of stocks are poised not that far off =
their highs, so I will be looking deeper for the real gems.
- ----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 30, 2002 9:40 AM
Subject: Re: [CANSLIM] Anxious
Hi inderjit,
Good point. I felt that it was too early to make any conclusions based =
on New 52 wk Highs/Lows. During the "slide" the new lows list was =
registering extreme readings, a good contrarian sign of bottoming. As =
part of the read on the market health from this point forward, I will be =
looking for the new 52 week highs in leading industries to begin =
building up again, though a process like that will take some time.=20
In the meantime, I always keep an eye on new 60 day highs/lows as an =
intermediate term indicator. The good news is that the new 60DH's have =
been pathetically low lately, but yesterday, for the first time, I saw =
37 new 60DH's and only 88 new 60 day lows (60DL). (This is based on a =
"universe" of stocks that I watch of about 3000 stocks with minimum =
price and ADV). That's a significant change from the last 3 weeks or so, =
where 60DH's ran under 10 and 60DL's ran extremely high. I prefer an =
indicator like this to, for example, the percent A/D's rated A as an =
indicator of health, because it doesn't lag as badly, and relies =
strictly on current price action rather than a weighted summary measure =
of price/volume.
Katherine
----- Original Message -----=20
From: inderjit=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 30, 2002 8:24 AM
Subject: RE: [CANSLIM] Anxious
Thanks Katherine. You left the new highs and new lows untouched. Any =
comments?
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Monday, July 29, 2002 5:34 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Anxious
Hi Chuck,
So far today, I see a FTD on the NASDAQ. Too early to tell for sure =
on S&P500, etc, as I don't have volume numbers. Also, other encouraging =
signs today were=20
--advancers/decliners and up/down volume, with upside swamping =
downside by a huge margin (see attached)
--broad advances in many sectors of the market
That's not an "all clear"...as we still need high quality stocks =
setting up and breaking out in numbers. Stay tuned.....
Katherine
Optimistic Realist
----- Original Message -----=20
From: Chuck Dreier=20
To: Canslim=20
Sent: Monday, July 29, 2002 9:52 AM
Subject: [CANSLIM] Anxious
As I sit here watching the DJ up over 300 points, and the rest of =
the market climbing as well, it's awfully hard to sit on the sidelines. =
I'm anxious to get back in - partially because I didn't know about =
CANSLIM until a few months ago and held far too long before selling. =
It sure looks like today could be a follow-through day. I hope we'll =
talk each other through the signs to get back in.
Chuck in SC
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<DIV><FONT face=3DArial>as another observation, Katherine, this weekend =
I used my=20
usual screen but chose the 200 dma rather than new highs, got 48 or so =
stocks=20
from Friday's close. Last night I ran the same screen but used the 50 =
dma, and=20
got 105. Tells me a lot of stocks are poised not that far off their =
highs, so I=20
will be looking deeper for the real gems.</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine Malm</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 30, 2002 9:40 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Anxious</DIV></DIV>
<DIV><BR></DIV>
<DIV>Hi inderjit,</DIV>
<DIV> </DIV>
<DIV>Good point. I felt that it was too early to make any conclusions =
based on=20
New 52 wk Highs/Lows. During the "slide" the new lows list was =
registering=20
extreme readings, a good contrarian sign of bottoming. As part of the =
read on=20
the market health from this point forward, I will be looking for the new =
52 week=20
highs in leading industries to begin building up again, though a process =
like=20
that will take some time. </DIV>
<DIV> </DIV>
<DIV>In the meantime, I always keep an eye on new 60 day highs/lows as =
an=20
intermediate term indicator. The good news is that the new 60DH's have =
been=20
pathetically low lately, but yesterday, for the first time, I saw 37 new =
60DH's=20
and only 88 new 60 day lows (60DL). (This is based on a "universe" of =
stocks=20
that I watch of about 3000 stocks with minimum price and ADV). That's a=20
significant change from the last 3 weeks or so, where 60DH's ran under =
10 and=20
60DL's ran extremely high. I prefer an indicator like this to, for =
example, the=20
percent A/D's rated A as an indicator of health, because it doesn't lag =
as=20
badly, and relies strictly on current price action rather than a =
weighted=20
summary measure of price/volume.</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=3Dinderjit@adelphia.net=20
href=3D"mailto:inderjit@adelphia.net">inderjit</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> Tuesday, July 30, 2002 =
8:24=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
Anxious</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D440342313-30072002><FONT size=3D2>Thanks Katherine. =
You left=20
the new highs and new lows untouched. Any =
comments?</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B> <A =
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=20
[mailto:owner-canslim@lists.xmission.com] <B>On Behalf Of =
</B>Katherine=20
Malm<BR><B>Sent:</B> Monday, July 29, 2002 5:34 PM<BR><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
Re: [CANSLIM] Anxious<BR><BR></FONT></DIV>
<DIV>Hi Chuck,</DIV>
<DIV> </DIV>
<DIV>So far today, I see a FTD on the NASDAQ. Too early to tell for =
sure on=20
S&P500, etc, as I don't have volume numbers. Also, other =
encouraging=20
signs today were </DIV>
<DIV> </DIV>
<DIV>--advancers/decliners and up/down volume, with upside swamping =
downside=20
by a huge margin (see attached)</DIV>
<DIV>--broad advances in many sectors of the market</DIV>
<DIV> </DIV>
<DIV>That's not an "all clear"...as we still need high quality =
stocks=20
setting up and breaking out in numbers. Stay tuned.....</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV>Optimistic Realist</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=3Dchucknsc@mindspring.com=20
href=3D"mailto:chucknsc@mindspring.com">Chuck Dreier</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">Canslim</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, July 29, 2002 =
9:52=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
Anxious</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>As I sit here watching the DJ up =
over 300=20
points, and the rest of the market climbing as well, it's awfully =
hard to=20
sit on the sidelines. I'm anxious to get back in - partially =
because=20
I didn't know about CANSLIM until a few months ago and held far =
too long=20
before selling. It sure looks like today could =
be a=20
follow-through day. I hope we'll talk each other through the =
signs=20
to get back in.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Chuck in=20
SC</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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