Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] M
Date: Fri, 22 Nov 2002 00:04:19 -0500
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all the indexes are trading just alike, I think you can make an argument =
that we have a c&h on the DOW 30, Naz Comp, NYSE Comp, R2000. In each =
case, the volume today was heavy, and the price spike took them over the =
pivot in their handle. Then again, a case can still be made that we also =
have a H&S pattern, as well as a double bottom ("W") pattern. So you got =
a choice, been a long time when I saw every index trading so alike, and =
so many different patterns that can be argued.
- ----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Thursday, November 21, 2002 4:10 PM
Subject: RE: [CANSLIM] M
Speaking of handles- what are peoples' thoughts on WON's comment from =
this morning about the NASDAQ forming a cup and handle? Volume in the =
handle seems a bit "imperfect" but I don't want to be the one to rain on =
the parade!
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Thursday, November 21, 2002 3:04 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] M
Hi Ian,
Just a quick note... re your comment "It is also baffling to me that =
the sectors that stand to benefit the most from coming increases in =
government spending - the defense and security sector - are watching =
this action from the sideline as well."=20
I noticed SFNT powering ahead today. I've also noticed that money is =
definitely coming *out* of the safe-haven defensive issues such as =
healthcare/hospitals, etc. In general, I see far more breakouts than =
I've seen since last year, so all together, still looks promising to me.
Katherine
----- Original Message -----=20
From: Ian=20
To: canslim@lists.xmission.com=20
Sent: Thursday, November 21, 2002 3:23 PM
Subject: [CANSLIM] M
Is anyone else finding any "NEW" winners emerging from this buying =
frenzy?
It seems to me that several recent rally leaders are rolling over =
ugly today - HITK, LCI, ACET - while the indices power ahead, propelled =
by the most heavily shorted isues.
It is also baffling to me that the sectors that stand to benefit the =
most from coming increases in government spending - the defense and =
security sector - are watching this action from the sideline as well.
So am I mising the new leaders of the bull, or is this just =
shot-term traders using liquidity to squeeze heavily shorted positions? =
Opinions? Whither 'M'?
Ian
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For your protection, this e-mail message has been scanned for viruses. =
Visit us at http://www.neoris.com/=20
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<DIV><FONT face=3DArial>all the indexes are trading just alike, I think =
you can=20
make an argument that we have a c&h on the DOW 30, Naz Comp, NYSE =
Comp,=20
R2000. In each case, the volume today was heavy, and the price spike =
took them=20
over the pivot in their handle. Then again, a case can still be made =
that we=20
also have a H&S pattern, as well as a double bottom ("W") pattern. =
So you=20
got a choice, been a long time when I saw every index trading so alike, =
and so=20
many different patterns that can be argued.</FONT></DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dkelly.short@fw.us.neoris.com=20
href=3D"mailto:kelly.short@fw.us.neoris.com">Kelly Short</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Thursday, November 21, 2002 4:10 PM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] M</DIV></DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D464540921-21112002><FONT face=3DArial color=3D#0000ff =
size=3D2>Speaking of handles- what are peoples' thoughts on WON's =
comment from=20
this morning about the NASDAQ forming a cup and handle? Volume in the =
handle=20
seems a bit "imperfect" but I don't want to be the one to rain on the=20
parade!</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Katherine Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Thursday, November 21, =
2002 3:04=20
PM<BR><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
Re: [CANSLIM] M<BR><BR></FONT></DIV>
<DIV>Hi Ian,</DIV>
<DIV> </DIV>
<DIV>Just a quick note... re your comment "It is also baffling to me =
that the=20
sectors that stand to benefit the most from coming increases in=20
government spending - the defense and security sector - are watching =
this=20
action from the sideline as well."=20
<DIV> </DIV>
<DIV>I noticed SFNT powering ahead today. I've also noticed that money =
is=20
definitely coming *out* of the safe-haven defensive issues such as=20
healthcare/hospitals, etc. In general, I see far more breakouts than =
I've seen=20
since last year, so all together, still looks promising to me.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dianstm@shaw.ca href=3D"mailto:ianstm@shaw.ca">Ian</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, November 21, =
2002 3:23=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] M</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Is anyone else finding any "NEW" winners =
emerging from=20
this buying frenzy?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>It seems to me that several recent rally =
leaders are=20
rolling over ugly today - HITK, LCI, ACET - while the indices power =
ahead,=20
propelled by the most heavily shorted isues.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>It is also baffling to me that the sectors that =
stand to=20
benefit the most from coming increases in government spending - =
the=20
defense and security sector - are watching this action from the =
sideline as=20
well.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>So am I mising the new leaders of the bull, or =
is this=20
just shot-term traders using liquidity to squeeze heavily shorted =
positions?=20
Opinions? Whither 'M'?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ian</FONT></DIV></BLOCKQUOTE>
<HR>
For your protection, this e-mail message has been scanned for viruses. =
<P>Visit us at <A =
href=3D"http://www.neoris.com/">http://www.neoris.com/</A>=20
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Previous Article (by Date): Re: [CANSLIM] M "Katherine Malm"
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