[CANSLIM] Low-Volume Summer Rallys

From: "Norman" <theboyd@tisd.net>
Subject: [CANSLIM] Low-Volume Summer Rallys
Date: Mon, 26 Aug 2002 22:13:05 -0500

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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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