Re: [CANSLIM] M

From: Marc Deiter <dites@yahoo.com>
Subject: Re: [CANSLIM] M
Date: Tue, 11 Mar 2003 12:42:06 -0800 (PST)

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Tom,
Great idea on the charts leading up to Desert Storm.  Suggestions on
where charts for late 1990 and 1991 Dow, NASDAQ, and S&P could be
found?

Thanks,
Marc

- --- Tom Worley <stkguru@bellsouth.net> wrote:
> Ian,
> 
> My impression of the past weeks is that buyers are disappearing. So
> I would
> read those up days as meaning sellers were not as motivated due
> external
> reasons (no bad economic reports, some lessening in the immediacy
> of war
> with Iraq, etc.). The down days therefore appear to me to be days
> when the
> sellers were more motivated to sell, and buyers were still absent.
> 
> I do find it encouraging that so far the sellers, even with the
> absence of
> significant buying, have not done more damage to the indexes.
> 
> Best parallel I can suggest would be to study the indexes during
> the months
> leading up to Desert Storm beginning (mid Jan 1991 when the air war
> phase
> was launched)
> 
> ----- Original Message -----
> From: "Ian" <ianstm@shaw.ca>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, March 11, 2003 3:38 PM
> Subject: [CANSLIM] M
> 
> 
> 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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