Re: [CANSLIM] Market trend

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Market trend
Date: Sat, 3 Aug 2002 12:41:36 -0400

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One investment style is still doing well...........shorting.

DanF

- ----- 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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