Re: [CANSLIM] Market trend

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Market trend
Date: Sat, 3 Aug 2002 11:11:31 -0400

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Top of Thread: [CANSLIM] Market trend "Gary A. Snyder"
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Gary, I do not see a change yet in the market trend. Worse, for me at least,
is that the disconnect between economics and market trend grew closer this
week as a result of poor economic results. But I also don't get the sense
that we have yet to get the sheer stark fear that the market will collapse,
that might ultimately mark the bottom.

- ----- Original Message -----
From: "Gary A. Snyder" <gas175k@hotmail.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, August 03, 2002 10:19 AM
Subject: [CANSLIM] Market trend

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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