[CANSLIM] M

From: Ian <ianstm@shaw.ca>
Subject: [CANSLIM] M
Date: Tue, 11 Mar 2003 12:38:10 -0800

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Hi all:

I was just looking at a chart of QQQ (NASDAQ-100) and noticed an odd
pattern:

Over the last 3 weeks (Since Feb 18 - 16 trading days) the QQQ's have had 6
days of increasing, above-average volume. On each of these 6 days, the index
went up. On nine of the ten days of declining, below-average volume, the
index went down.

Overall, the QQQ is down about 5% (from 25.25 to 24) over those 16 days.

Does anyone recognize this pattern and know if there are historical
precedents for the likely direction from here? Dp all these volume days with
no 'breakout' forward progress indicate distribution?

Thanks,

Ian



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