[CANSLIM] "M"

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] "M"
Date: Tue, 12 Nov 2002 07:04:40 -0500

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I took some time this morning to look at the major indexes on a weekly chart
(I usually just study the dailies). I am growingly concerned about the
failure of any of the indexes to measurably surpass the highs set in late
August. If they cannot hold the 50 DMA, then we may be looking for new lows
before the end of the year.

I also cannot recall the last time every index chart looked exactly the same
(except for Utilities, Transportation). They are so similar, especially on
weekly charts, that I had to keep checking the chart title to be sure I was
looking at a different one.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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