Re: [CANSLIM] The institutional buying is waning.

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] The institutional buying is waning.
Date: Thu, 19 Sep 2002 08:36:51 -0400
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wish I could disagree with you Fred, I haven't been in cash for so long, =
running out of fingers to count the days and hoping I don't have to =
start counting by weeks instead. Only "good news" I see on your graph is =
that the prior steep decline in # of "A"s is now more of a flat base, so =
maybe we are consolidating while we wait for Q3 results.

- ----- Original Message -----=20
From: Fred Richards=20
To: canslim@lists.xmission.com=20
Sent: Thursday, September 19, 2002 8:27 AM
Subject: [CANSLIM] The institutional buying is waning.


Since the middle of August, the institutions have not been finding =
equities to purchase. Whether that is due to the low cash positions, a =
lack of stocks with excellent prospects, or sheer fear is subject to =
debate.

However, the number of A rated stocks in IBD's Acc/Dis column continue =
to drop and remain at very low levels.

The updated charts through September 18th's close are now posted: =20

http://www.adrich.com/SI/Info/A's.htm

If "M" is important to the health of the market, it has just about =
disappeared from view.


- -------------------------------------------------------------------------=
- -------

Fred Richards

Corruptisima republica plurimae leges.  [The more corrupt a republic, =
the more laws.]  - - Tacitus, Annuals III 27

www.adrich.com


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<DIV><FONT face=3DArial>wish I could disagree with you Fred, I haven't =
been in=20
cash for so long, running out of fingers to count the days and hoping I =
don't=20
have to start counting by weeks instead. Only "good news" I see on your =
graph is=20
that the prior steep decline in # of "A"s is now more of a flat base, so =
maybe=20
we are consolidating while we wait for Q3 results.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dffradrich@attbi.com href=3D"mailto:ffradrich@attbi.com">Fred =
Richards</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Thursday, September 19, 2002 8:27 AM</DIV>
<DIV><B>Subject:</B> [CANSLIM] The institutional buying is =
waning.</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D380082312-19092002>Since =
the middle of=20
August, the institutions have not been finding equities to purchase. =
Whether=20
that is due to the low cash positions, a lack of stocks with excellent=20
prospects, or sheer fear is subject to debate.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D380082312-19092002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><SPAN =
class=3D380082312-19092002>However, the number=20
of A rated stocks in IBD's Acc/Dis column continue to drop and remain at =
very=20
low levels.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D380082312-19092002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D380082312-19092002>The =
updated charts=20
through September 18th's close are now posted:&nbsp; =
</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D380082312-19092002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D380082312-19092002><A=20
href=3D"http://www.adrich.com/SI/Info/A's.htm">http://www.adrich.com/SI/I=
nfo/A's.htm</A></SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D380082312-19092002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D380082312-19092002>If "M" =
is important=20
to the health of the market, it has just about disappeared from=20
view.</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D380082312-19092002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D380082312-19092002>
<HR>
</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Fred Richards</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Corruptisima republica plurimae =
leges.&nbsp; [The=20
more corrupt a republic, the more laws.]&nbsp; - - Tacitus, Annuals III=20
27</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><A=20
href=3D"http://www.adrich.com/">www.adrich.com</A></FONT></DIV>
<DIV>&nbsp;</DIV></BODY></HTML>

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