Re: [CANSLIM] M

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] M
Date: Wed, 4 Sep 2002 18:34:30 -0600

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In this case, you don't really need any kind of model, 876 is the low (support) that 
was set on August 14 and I am sure was a widely watched level, so probably lots of 
people were watching it and were ready to jump in at that point.  BTW, if price 
breaks 876, the next level looks like 855

On 4 Sep 2002 at 10:16, Mike Gibbons wrote:

> Now I wonder if this is a case of the tail wagging the dog? By which I mean
> are the big traders using the same models as Ernie and jumped in at 875.9
> betting that the market had hit bottom? In other words, are the models
> creating self-fulfilling predictions? Maybe those who work in the industry
> have a view.

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