Re: [CANSLIM] The last bull standing

From: AJAskey@aol.com
Subject: Re: [CANSLIM] The last bull standing
Date: Tue, 8 Oct 2002 22:13:28 EDT

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If indeed the markets trade sideways for the next few months/years then CAN 
SLIM trading will not be appropriate. What then? Swing trading? No trading? 
Cash/Bonds?
 

It depends on the definition of a sideways market.  The Dow, SP500, and Naz 
are weighted with the old laggers overwhelming any action of the underweight 
stocks.  If those underweight stocks begin to form bases and breakout the 
indices may not show it.  This is probably the reason the IBD replaced the 
Dow with the SP600.  And even the big indices can move up, have a FTD, and an 
occasional confirmation while not really going anywhere.  It isn't a big bull 
market where anything you buy will move up.  But if you follow the CANSLIM 
fundamental and technical rules you can still make some 20%+ trades in that 
type of market.  The market has had at least 3 of these tradeable periods 
since March 2000.

Andy

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<HTML><FONT FACE=arial,helvetica><FONT  SIZE=2>If indeed the markets trade sideways for the next few months/years then CAN SLIM trading will not be appropriate. What then? Swing trading? No trading? Cash/Bonds?</FONT><FONT  COLOR="#000000" style="BACKGROUND-COLOR: #ffffff" SIZE=3 FAMILY="SANSSERIF" FACE="Arial" LANG="0"><BR>
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</FONT><FONT  COLOR="#000000" style="BACKGROUND-COLOR: #ffffff" SIZE=2 FAMILY="SANSSERIF" FACE="Arial" LANG="0"><BR>
It depends on the definition of a sideways market.&nbsp; The Dow, SP500, and Naz are weighted with the old laggers overwhelming any action of the underweight stocks.&nbsp; If those underweight stocks begin to form bases and breakout the indices may not show it.&nbsp; This is probably the reason the IBD replaced the Dow with the SP600.&nbsp; And even the big indices can move up, have a FTD, and an occasional confirmation while not really going anywhere.&nbsp; It isn't a big bull market where anything you buy will move up.&nbsp; But if you follow the CANSLIM fundamental and technical rules you can still make some 20%+ trades in that type of market.&nbsp; The market has had at least 3 of these tradeable periods since March 2000.<BR>
<BR>
Andy<BR>
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