[CANSLIM] Bear case

From: Steve <scgjd@pacbell.net>
Subject: [CANSLIM] Bear case
Date: Fri, 18 Oct 2002 11:13:57 -0700

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From Yahoo Finance today:

"Those making the bearish case have made an interesting point regarding
single-day, 5% gains. Namely, they have pointed out that during the Nasdaq's
bull run from 1,200 to 5,000, there were only three days that saw gains of
5% or more in the composite index, while during the long bear market from
5,000 to 1,200, there have been 25 rallies of better than 5%. Yet, regarding
this point we would note that these rallies have become less frequent: 14
were in 2000, 7 in 2001, and last Tuesday was just the 4th case of a 5% gain
in 2002. Make of it what you will."

Steve Grier
scgjd@pacbell.net


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