Go to Jeff Salisbury LWGate Home Page.From: "Kelly Short" <kelly.short@tx.us.neoris.com>
Subject: RE: [CANSLIM] Anxious
Date: Tue, 30 Jul 2002 09:00:02 -0500
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Katherine,
=20
Just wanted to say thank you for your insight. I know many of the group =
members appreciate it greatly and would be terribly disappointed if you =
went the way of Ernie!
=20
Thanks!
=20
Kelly
- -----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Tuesday, July 30, 2002 8:40 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Anxious
Hi inderjit,
=20
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
=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.
=20
Katherine
- ----- Original Message -----=20
From: inderjit <mailto:inderjit@adelphia.net> =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,
=20
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
=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
=20
That's not an "all clear"...as we still need high quality stocks setting =
up and breaking out in numbers. Stay tuned.....
=20
Katherine
Optimistic Realist
- ----- Original Message -----=20
From: Chuck Dreier <mailto:chucknsc@mindspring.com> =20
To: Canslim <mailto:canslim@lists.xmission.com> =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.
=20
Chuck in SC
_____ =20
For your protection, this e-mail message has been scanned for viruses.=20
Visit us at http://www.neoris.com/=20
_____ =20
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<DIV><SPAN class=3D974015913-30072002><FONT face=3DArial color=3D#0000ff =
size=3D2>Katherine,</FONT></SPAN></DIV>
<DIV><SPAN class=3D974015913-30072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D974015913-30072002><FONT face=3DArial color=3D#0000ff =
size=3D2>Just=20
wanted to say thank you for your insight. I know many of the group =
members=20
appreciate it greatly and would be terribly disappointed if you went the =
way of=20
Ernie!</FONT></SPAN></DIV>
<DIV><SPAN class=3D974015913-30072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D974015913-30072002><FONT face=3DArial color=3D#0000ff =
size=3D2>Thanks!</FONT></SPAN></DIV>
<DIV><SPAN class=3D974015913-30072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D974015913-30072002><FONT face=3DArial color=3D#0000ff =
size=3D2>Kelly</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Katherine Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Tuesday, July 30, 2002 =
8:40=20
AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
Anxious<BR><BR></FONT></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=20
week highs in leading industries to begin building up again, though a =
process=20
like 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=20
60DH's and only 88 new 60 day lows (60DL). (This is based on a =
"universe" of=20
stocks 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,=20
the 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>=
=20
</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=20
=
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=20
on S&P500, etc, as I don't have volume numbers. Also, other=20
encouraging signs today were </DIV>
<DIV> </DIV>
<DIV>--advancers/decliners and up/down volume, with upside =
swamping=20
downside 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=20
to sit on the sidelines. I'm anxious to get back in - =
partially=20
because I didn't know about CANSLIM until a few months ago and =
held far=20
too long before selling. It sure looks like =
today=20
could be a follow-through day. I hope we'll talk each =
other=20
through the signs 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>
<HR>
For your protection, this e-mail message has been scanned for viruses. =
<P>Visit us at <A =
href=3D"http://www.neoris.com/">http://www.neoris.com/</A>=20
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