Re: [CANSLIM] The last bull standing

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] The last bull standing
Date: Tue, 8 Oct 2002 21:12:37 -0400

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correction, a sideways market implies that "on average" there is an =
equal number of buyers and sellers (and likewise an "average" of stocks =
that went up to those that went down). There will still be stocks going =
up nicely, just as there will still be stocks falling.

- ----- Original Message -----=20
From: Chazmoore@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, October 08, 2002 7:40 PM
Subject: Re: [CANSLIM] The last bull standing


Ian: While you may be correct, a sideways market implies a more or less =
equal number of buyers and sellers and offers no assurance that the =
market will not fall before it rises. Without a clear indication that =
the bull has returned I will be reluctant to jump in. For my personal =
guidance I will be looking for the market to rise above the 200 day =
moving average before I begin to invest again.=20

Having said that I do agree that some stocks will breakout and move up =
as the market moves sideways,=20

Charley 
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<DIV><FONT face=3DArial>correction, a sideways market implies that "on =
average"=20
there is an equal number of buyers and sellers (and likewise an =
"average" of=20
stocks that went up to those that went down). There will still be stocks =
going=20
up nicely, just as there will still be stocks falling.</FONT></DIV>
<DIV>&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=3DChazmoore@aol.com =
href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</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> Tuesday, October 08, 2002 7:40 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] The last bull standing</DIV></DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>Ian: While =
you may be=20
correct, a sideways market implies a more or less equal number of buyers =
and=20
sellers and offers no assurance that the market will not fall before it =
rises.=20
Without a clear indication that the bull has returned I will be =
reluctant to=20
jump in. For my personal guidance I will be looking for the market to =
rise above=20
the 200 day moving average before I begin to invest again. =
<BR><BR>Having said=20
that I do agree that some stocks will breakout and move up as the market =
moves=20
sideways, <BR><BR>Charley</FONT> </FONT></BODY></HTML>

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