Re: [CANSLIM] Low-Volume Summer Rallys

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Low-Volume Summer Rallys
Date: Mon, 26 Aug 2002 23:20:10 -0400

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Top of Thread: [CANSLIM] Low-Volume Summer Rallys "Norman"
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I tend to be a little more generous with the low volume rallies than does
IBD, both because of the seasonal nature of them, and my experience (and
patience) with small caps that may often trade only a few thousand shares on
a good day.

On the other hand, I expect little strength from these rallies once either
the price gets too high, or the big guys return from their summer vacation.
What they do in the meantime, tho, is help clear out some of the weak
holders, on a small scale.

- ----- Original Message -----
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
Sent: Monday, August 26, 2002 11:13 PM
Subject: [CANSLIM] Low-Volume Summer Rallys


Does anyone on the list have some first-hand experience with these animals?
I'm a short timer and have no knowledge of these low volume upswings.  Is
this a typical looking low-vol rally?  Should we disregard the low vol until
it gets cooler?  How about the pull-backs from good looking BOs?  Tomorrow's
Big Picture in IBD cautions about the divergence between vol and price in
the major indices.  They also mention the recent BOs struggling to maintain
their pivot and suggest a cautious attitude is called for.

Even with this confirmed rally, I just haven't seen the type of action that
gets my blood flowing.  If it wasn't for the LLURs I would have a hard time
finding anything I like.

All in Cash,
Norm


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