Re: [CANSLIM] test (no messages on the list)

From: <btriffet@earthlink.net>
Subject: Re: [CANSLIM] test (no messages on the list)
Date: Tue, 15 Oct 2002 12:45:42 -0700

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On Tue, 15 Oct 2002 15:00:44 EDT Vanchee1@aol.com wrote:

Hi Chris,

> So this rally is more of a dead cat bounce than
> anything else?

Pretty much. I don't see anything improving since the July bounce. 
> 
> I personally feel that when I see the nas go
> from the 5,000 range to the 1000 range that is
> is an over reaction on the downside, just like
> it was on the upside. There are many good
> stocks to invest in. This is a stock pickers
> market, without any one industry leadership. I
> do feel that the market will continue going up
> much slower maybe and also with some down days
> on the way.

You could be very correct about over reaction but if you look at say a 10yr
charts of the indexes things are actually no out of line. Now, those that just
started investing this last couple years would disagree.

I do agree with you about the market continuing up much slower. I just think
we won't notice it till it's several months into it. IMO this has to do with
the current service industry leadership (banks, health, etc...). EX: I have a
tough time investing when an HMO reports improved earnings when the truth is
they just raised their rates 22% for the year. It's not sustainable.

- -Bill

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