Go to Jeff Salisbury LWGate Home Page.From: "Curt Corley" <cjcorley@hiwaay.net>
Subject: [CANSLIM] Volume and CWH (was M)
Date: Fri, 22 Nov 2002 20:30:57 -0600
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Katherine,
=20
Thanks for your input. Your help is invaluable. I looked at the
indices in TC2000 with MoneyStream and Time Segmented Volume. I looked
at the NASDAQ, S&P-500, and Russell 2000. Here=92s what I found on all =
3
charts.
=20
CMS:
MoneyStream stayed above it=92s linear regression line on the left side =
of
the cup, on the right side of the cup, and during the BO. However, it
stayed below the linear regression line along the bottom of the cup and
during the handle formation.
=20
TSV:
TSV stayed mainly above the center line during the left-side of the cup.
Toward the bottom of the cup, TSV plunged way below the zero line. On
the right side of the cup, TSV shot high above the center line again.
During the handle formation and the BO, TSV dipped down and back up
again.
=20
I guess this is supposed to tell me that volume supported the price
action because there were no divergences. Since you mentioned
Accumulation/Distribution, I probably should have looked at On Balance
Volume and/or Balance of Power. However, I haven=92t had much success
with those indicators in the past.
=20
I=92m trying to become more proficient at chart reading, and you=92re
certainly helping a great deal along with other members of this list.
Once again, thank you very much.
=20
Cheers,
Curt
=20
=20
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Thursday, November 21, 2002 10:58 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] M
=20
Hi Curt,
=20
I don't think when you're looking at patterns on major indexes such as
the NASDAQ that the pattern of volume would be used in the same way that
it is on an individual stock. My take on it is simply that an index
represents a huge number of individual stocks, and while the general
price pattern will indicate a reversal of a trend or a general shift in
psychology and pattern of buying and selling in the market, the volume
doesn't really tell you the same story as it does in an individual
stock. In other words, I think that it's more important to look for a
pattern of accumulation outpacing distribution (up days on higher volume
than the previous day vs. down days on higher volume), than it is to
look for the "bathtub" volume pattern that one would use on an
individual stock.
=20
Katherine
- ----- Original Message -----=20
From: Curt Corley <mailto:cjcorley@hiwaay.net> =20
To: canslim@lists.xmission.com=20
Sent: Thursday, November 21, 2002 6:27 PM
Subject: RE: [CANSLIM] M
=20
I=92m glad you mentioned the General Markets & Sectors commentary in
today=92s IBD. I looked at the charts, and they did not appear to have
rising volume on the sides of the cups. As a matter of fact, the
heaviest volume days were at the very bottom of the cup. I don=92t =
think
the indices have shown great cwh characteristics. However, I=92m a =
novice
at this stuff, so I would appreciate any criticism or validation of my
view. =20
=20
Curt
=20
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Kelly Short
Sent: Thursday, November 21, 2002 3:11 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] M
=20
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,
=20
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
=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.
=20
Katherine
- ----- Original Message -----=20
From: Ian <mailto:ianstm@shaw.ca> =20
To: canslim@lists.xmission.com=20
Sent: Thursday, November 21, 2002 3:23 PM
Subject: [CANSLIM] M
=20
Is anyone else finding any "NEW" winners emerging from this buying
frenzy?
=20
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.
=20
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
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'?
=20
Ian
_____ =20
For your protection, this e-mail message has been scanned for viruses.=20
Visit us at http://www.neoris.com/=20
_____ =20
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<div class=3DSection1>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Katherine,<o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Thanks for your input.<span
style=3D'mso-spacerun:yes'>=A0 </span>Your help is invaluable.<span
style=3D'mso-spacerun:yes'>=A0 </span>I looked at the indices in TC2000 =
with <span
class=3DSpellE>MoneyStream</span> and Time Segmented Volume.<span
style=3D'mso-spacerun:yes'>=A0 </span>I looked at the NASDAQ, =
S&P-500, and
Russell 2000.<span style=3D'mso-spacerun:yes'>=A0 </span>Here’s =
what I found on
all 3 charts.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>CMS:<o:p></o:p></span></font></p>
<p class=3DMsoNormal><span class=3DSpellE><font size=3D2 color=3Dnavy =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>MoneyStream</span=
></font></span><font
size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:navy'> stayed above <span class=3DGramE>it’s</span> linear =
regression
line on the left side of the cup, on the right side of the cup, and =
during the
BO.<span style=3D'mso-spacerun:yes'>=A0 </span>However, it stayed below =
the linear
regression line along the bottom of the cup and during the handle =
formation.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>TSV:<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>TSV stayed mainly above the center =
line
during the left-side of the cup.<span style=3D'mso-spacerun:yes'>=A0 =
</span>Toward
the bottom of the cup, TSV plunged way below the zero line. <span
style=3D'mso-spacerun:yes'>=A0</span>On the right side of the cup, TSV =
shot high
above the center line again.<span style=3D'mso-spacerun:yes'>=A0 =
</span>During the
handle formation and the BO, TSV dipped down and back up =
again.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>I guess this is supposed to tell me =
that
volume supported the price action because there were no =
divergences.<span
style=3D'mso-spacerun:yes'>=A0 </span>Since you mentioned =
Accumulation/Distribution,
I probably should have looked at On Balance Volume and/or Balance of
Power.<span style=3D'mso-spacerun:yes'>=A0 </span>However, I =
haven’t had much
success with those indicators in the past.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>I’m trying to become more =
proficient
at chart reading, and you’re certainly helping a great deal along =
with
other members of this list.<span style=3D'mso-spacerun:yes'>=A0 =
</span>Once again,
thank you very much.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Cheers,<o:p></o:p></span></font></p>=
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Curt<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Katherine Malm<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"11" Day=3D"21" Year=3D"2002"><font size=3D2 face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>Thursday, November 21, =
2002</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"22" Minute=3D"58"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>10:58 PM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
M</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>Hi Curt,<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>I don't think when you're looking at patterns =
on major
indexes such as the NASDAQ that the pattern of volume would be used in =
the same
way that it is on an individual stock. My take on it is simply that an =
index
represents a huge number of individual stocks, and while the general =
price
pattern will indicate a reversal of a trend or a general shift in =
psychology
and pattern of buying and selling in the market, the volume doesn't =
really tell
you the same story as it does in an individual stock. In other words, I =
think
that it's more important to look for a pattern of accumulation outpacing
distribution (up days on higher volume than the previous day vs. down =
days on
higher volume), than it is to look for the "bathtub" volume =
pattern
that one would use on an individual stock.<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>Katherine<o:p></o:p></span></font></p>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:.5in;background:#E4E4E4'><b><font size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:cjcorley@hiwaay.net" title=3D"cjcorley@hiwaay.net">Curt =
Corley</a> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Thursday,
November 21, 2002 6:27 PM<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> RE:
[CANSLIM] M<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>I’m glad =
you
mentioned the General Markets & Sectors commentary in today’s
IBD.<span style=3D'mso-spacerun:yes'>=A0 </span>I looked at the charts, =
and they
did not appear to have rising volume on the sides of the cups.<span
style=3D'mso-spacerun:yes'>=A0 </span>As a matter of fact, the heaviest =
volume days
were at the very bottom of the cup.<span style=3D'mso-spacerun:yes'>=A0 =
</span>I
don’t think the indices have shown great cwh characteristics.<span
style=3D'mso-spacerun:yes'>=A0 </span>However, I’m a novice at =
this stuff, so
I would appreciate any criticism or validation of my view.<span
style=3D'mso-spacerun:yes'>=A0 </span><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Curt<o:p></o:p></=
span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Kelly Short<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Year=3D"2002" Day=3D"21" Month=3D"11"><font size=3D2 face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>Thursday, November 21, =
2002</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Minute=3D"11" Hour=3D"15"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>3:11 PM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
M</span></font><o:p></o:p></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
color=3Dblue
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>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!</span></font><o:p></o:p></p>
</div>
<blockquote =
style=3D'margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:0in;margin-right:0in;margin-bottom:
12.0pt;margin-left:1.0in'><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>-----Original Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> Katherine Malm
[mailto:kmalm@earthlink.net]<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Thursday, November =
21, 2002
3:04 PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
M</span></font><o:p></o:p></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>Hi Ian,<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>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." =
<o:p></o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>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.<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>Katherine<o:p></o:p></span></font></p>
</div>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:1.0in;background:#E4E4E4'><b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:
bold'>From:</span></font></b><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'> <a href=3D"mailto:ianstm@shaw.ca"
title=3D"ianstm@shaw.ca">Ian</a> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Thursday,
November 21, 2002 3:23 PM<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> [CANSLIM] =
M<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>Is anyone else finding any "NEW" =
winners
emerging from this buying frenzy?</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>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'?</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>Ian</span></font><o:p></o:p></p>
</div>
</blockquote>
<div style=3D'margin-left:.5in'>
<div class=3DMsoNormal align=3Dcenter =
style=3D'margin-left:.5in;text-align:center'><font
size=3D3 face=3D"Times New Roman"><span style=3D'font-size:12.0pt'>
<hr size=3D2 width=3D"100%" align=3Dcenter>
</span></font></div>
</div>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>For your protection, this e-mail message has =
been
scanned for viruses. <o:p></o:p></span></font></p>
<p style=3D'margin-left:1.0in'><font size=3D3 face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt'>Visit us at <a =
href=3D"http://www.neoris.com/">http://www.neoris.com/</a>
<o:p></o:p></span></font></p>
<div style=3D'margin-left:.5in'>
<div class=3DMsoNormal align=3Dcenter =
style=3D'margin-left:.5in;text-align:center'><font
size=3D3 face=3D"Times New Roman"><span style=3D'font-size:12.0pt'>
<hr size=3D2 width=3D"100%" align=3Dcenter>
</span></font></div>
</div>
</blockquote>
</blockquote>
</div>
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