Re: [CANSLIM] Index Volumes

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Index Volumes
Date: Sat, 24 Aug 2002 09:06:02 -0400

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Norman, it can be both a "seasonally low volume rally", and a "low volume
rally not to be trusted", all at the same time. At least that's how I read
it, and am just enjoying the ride, margin acct up 75% for the year so far,
and trying for at least 100% in the months remaining.

- ----- Original Message -----
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
Sent: Saturday, August 24, 2002 8:56 AM
Subject: Re: [CANSLIM] Index Volumes


That's where I was going Tom.  Sure it's a rally, but rallies on low volume
are supposed to be suspect.  But like you point out, low vol is sometimes
all the vol we get this time of year.  So I was wondering which way to
interpret the action, as just a seasonally low vol rally or as a low vol
rally not to be trusted.  In any case CAN SLIM rules still apply to buying
or selling.  Just something else to ponder while we watch BOs fail<G>


"When the big boys come back to the City from the Hamptons"

I dunno if their gonna let Kozlowski come back<G>

Norm

- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Friday, August 23, 2002 11:24 PM
Subject: Re: [CANSLIM] Index Volumes


> summer doldrums, volume this time of year is traditionally well below
> average. But it also means that the rally cannot be trusted either.
>
> When the big boys come back to the City from the Hamptons, they may be
very
> happy to take the profits created over the past three weeks.
>
> ----- Original Message -----
> From: "Norman" <theboyd@tisd.net>
> To: <canslim@lists.xmission.com>
> Sent: Friday, August 23, 2002 9:28 PM
> Subject: [CANSLIM] Index Volumes
>
>
> I noted tonight that during the M upswing for the last 2 weeks the volume
on
> the 500, 600, NAZ and DJIA has been below the 50DMA every day.  What
> significance should we assign to this?
>
> Norm
>
>
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