Go to Jeff Salisbury LWGate Home Page.From: "Joe McCall" <jvmccall@yahoo.com>
Subject: Re: [CANSLIM] M
Date: Thu, 13 Mar 2003 07:33:50 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_002F_01C2E932.E3FADB60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike, I totally agree with your second paragraph and your analysis on the new = gulf war. If anyone didn't read it or missed it, you should go back and = read it. I too many people have unrealistic expectations. That's just = my opinion. Joe ----- Original Message -----=20 From: Mike=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, March 11, 2003 9:21 PM Subject: Re: [CANSLIM] M > Does anyone recognize this pattern < Some would say the QQQs ended an impulsive move down on Feb 13, then = had a=20 correctional wave up to March 3. The impulsive was 5 zigs and = correctional=20 was 3, so the overall down trend is expected to continue. Going = forward we=20 may be starting wave 3 which could be impressive, April may bring a = buying=20 opportunity, we'll see. Sometimes I think they just make this stuff=20 up. :) Also the MACD was deviating during this period so price had = a=20 probability of breaking the ascending triangle. Guess this sort of = Voodo=20 doesn't belong here, I'm interested in various approaches and hope you = are=20 at least amused. I doubt one discipline is better than another, more=20 important is the system has to fit the individual. imho, anyway. I'm hearing a lot of comparison between the Gulf War and now too. If=20 everyone expects the market will go up it might, at least at first = while=20 initially there is the appearance of serious progress. This could = easily=20 turn into a longer commitment and that will upset investors. There is = a=20 real treat of homeland terrorism this time. Also the personal, state = and=20 national debt are way higher than in 91. I heard on the radio today = the=20 estimate for rebuilding some piece of Iraq will be $300 billion, = that's=20 going to be a drag on growth. If you step back from the chart it = looks=20 like 91 was a pause in a bull market, but now we have a bear. Not = sure=20 what to think of it but I observe oil prices where fairly stabile = before=20 91, the futures went momentarily nuts but then came right back down, = there=20 were no supply problems, this time we are in a sustained rise? I = don't=20 know, you value investors are much better at this sort of stuff. = Don't=20 think I want to bet on the 90's returning just yet. Mike - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_002F_01C2E932.E3FADB60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2723.2500" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DTahoma size=3D2>Mike,</FONT></DIV> <DIV><FONT face=3DTahoma size=3D2></FONT> </DIV> <DIV><FONT face=3DTahoma size=3D2>I totally agree with your second = paragraph and=20 your analysis on the new gulf war. If anyone didn't read it or = missed it,=20 you should go back and read it. I too many people have unrealistic = expectations. That's just my opinion.</FONT></DIV> <DIV><FONT face=3DTahoma size=3D2></FONT> </DIV> <DIV><FONT face=3DTahoma size=3D2>Joe</FONT></DIV> <BLOCKQUOTE=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=3DPatternDT@SoftHome.net = href=3D"mailto:PatternDT@SoftHome.net">Mike</A>=20 </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>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, March 11, 2003 = 9:21=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] M</DIV> <DIV><BR></DIV><BR> > Does anyone recognize this pattern=20 <<BR><BR>Some would say the QQQs ended an impulsive move down on = Feb 13,=20 then had a <BR>correctional wave up to March 3. The impulsive = was 5 zigs=20 and correctional <BR>was 3, so the overall down trend is expected to=20 continue. Going forward we <BR>may be starting wave 3 which = could be=20 impressive, April may bring a buying <BR>opportunity, we'll see. = Sometimes I think they just make this stuff <BR>up. = :) Also=20 the MACD was deviating during this period so price had a = <BR>probability of=20 breaking the ascending triangle. Guess this sort of Voodo = <BR>doesn't=20 belong here, I'm interested in various approaches and hope you are = <BR>at=20 least amused. I doubt one discipline is better than another, = more=20 <BR>important is the system has to fit the individual. imho,=20 anyway.<BR><BR>I'm hearing a lot of comparison between the Gulf War = and now=20 too. If <BR>everyone expects the market will go up it might, at = least at=20 first while <BR>initially there is the appearance of serious = progress. =20 This could easily <BR>turn into a longer commitment and that will = upset=20 investors. There is a <BR>real treat of homeland terrorism this=20 time. Also the personal, state and <BR>national debt are way = higher than=20 in 91. I heard on the radio today the <BR>estimate for = rebuilding some=20 piece of Iraq will be $300 billion, that's <BR>going to be a drag on=20 growth. If you step back from the chart it looks <BR>like 91 was = a pause=20 in a bull market, but now we have a bear. Not sure <BR>what to = think of=20 it but I observe oil prices where fairly stabile before <BR>91, the = futures=20 went momentarily nuts but then came right back down, there <BR>were no = supply=20 problems, this time we are in a sustained rise? I don't = <BR>know, you=20 value investors are much better at this sort of stuff. Don't = <BR>think I=20 want to bet on the 90's returning just = yet.<BR>Mike<BR><BR><BR><BR>-<BR>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_002F_01C2E932.E3FADB60-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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