RE: [CANSLIM] "M"

From: "Fred Richards" <ffradrich@attbi.com>
Subject: RE: [CANSLIM] "M"
Date: Tue, 24 Sep 2002 06:54:20 -0500

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Tom,

Not a surprise, the BOJ is also intervening in the markets but they don't
hide it as well like the PPT tries to do.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Tuesday, September 24, 2002 5:56 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] "M"

Japan did surprise me, however, by recovering half of it's intraday losses
by its close.

- ----- Original Message -----
From: "Fred Richards" <ffradrich@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, September 24, 2002 6:58 AM
Subject: RE: [CANSLIM] "M"

The Far Eastern and European markets continue to feed off the NY slump and
are all in the red as I write this.

US consumer confidence will probably drop for the 4th month in a row, and
the Fed is expected to not change interest rates.

Mutual stock fund outflows are probably increasing.  All in all, not a
pretty picture for today's opening.

- ----------------------------------------------------------------------------
- ----

Fred Richards

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Monday, September 23, 2002 7:42 PM
To: CANSLIM
Subject: [CANSLIM] "M"

Well, NASDOG, I mean NASDAQ, managed to do it. Not only traded to a new low
under the one set 8/5/02, it also managed to close nearly at the low of the
day. It had company, tho, with the Naz 100 doing the same thing. The Russell
2000 didn't quite beat its 7/24 low on an intraday basis, but sure managed
to take it out on a closing price basis. The rest of the major indexes look
like they need a few more days of catch up, but are headed in the same
direction. Will be interesting to see what the Feds say tomorrow.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley

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