Re: [CANSLIM] Qwest research

From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] Qwest research
Date: Wed, 25 Dec 2002 08:48:14 -0700

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Fundamentally bad stocks sometimes rise while good stocks drop.
Seems like fundies tell you what a stock should do while TA tells you
what it's actually doing.  Nothing un-CANSLIM about that - that's all
buying a 90/90/90 AAA stock exactly at the pivot of a CWH is doing.

So while Q may become a good short, and maybe soon, TA (above 
30-week MA, above 50 DMA, strong RS, fairly high short ratio, 
fairly strong IG, etc.) tells me not to short it today.  (Besides, the 
market's closed - ha ha, ho ho to one and all).

 Rolf

- ----- Original Message ----- 
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, December 25, 2002 12:36 AM
Subject: Re: [CANSLIM] Qwest research

I'll never understand (although I probably did it myself) the novice's mad 
love affair with technical analysis for technical analysis's sake.  If 
something isn't kosher, why acceed to it?  For example, you say that the RS 
has been increasing, gapping up on higher volume and "not violating the gap". 
 I say: Big Deal.  This just says that the stock is doing better than the 
market-so the question becomes why choose this stock over others with better 
and more powerful RS-Lines?  
  



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