[CANSLIM] Market trend

From: "Gary A. Snyder" <gas175k@hotmail.com>
Subject: [CANSLIM] Market trend
Date: Sat, 03 Aug 2002 10:19:27 -0400

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All:
I look at Market trend at MSN provided by Camelback Research Alliance, Inc. 
The trend has been getting progressively worse. On Tuesday July 30 
everything turned to: out of favor- All sectors- All investment styles- 
Growth and Value- All size companies, the first time I have seen this 
posture. Imagine my surprise when I see today a major change in trend: All 
sectors but Public utilities  and Tech now neutral, all sizes neutral and 
both investment styles neutral.
Also get a market trend prediction from MarketEdge. The bottom line: With 
the DJIA staying above its previous intraday low a major change in market 
trend is predicted with the rating of Bearish -5 going  to a bullish +5.
Question: Have we seen a major trend reversal in the market this week? Can 
all the problems with Accounting, Terrorism, Overvaluations, Double dip 
recession and the Possibility Consumer spending slowing be ignored by the 
market for more than a week or two? Gary

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