RE: canslim posts (was[CANSLIM] Bear case)


From: "inderjit" <inderjit@adelphia.net>
Subject: RE: canslim posts (was[CANSLIM] Bear case)
Date: Fri, 18 Oct 2002 21:52:14 -0700

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When the "M" in canslim shows any strength, the number of posts on this
list increases dramatically and the other way round too. May be this is
coincidence.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Steve
Sent: Friday, October 18, 2002 11:14 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Bear case

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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