Re: [CANSLIM] M

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] M
Date: Wed, 12 Mar 2003 17:30:54 -0800

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> I'm hearing a lot of comparison between the Gulf War and now too.  If
> everyone expects the market will go up it might, at least at first while
> initially there is the appearance of serious progress

Hi Mike:

I've been wondering about this too. With all the bad news, and worsening
outlook, I've been baffled that the market hasn't really gone down
significantly. The NASDAQ is only down 4% on the year, and the OEX is down
less than 8%. Those numbers definitely do NOT match the 'terrible bear'
scenario painted by the media.

Also, given persistent high energy prices, and an undercurrent of rumours
that technology spending has really started to slow down, it's amazing to me
that the list of IBD leading groups is chock full of yesteryears tech
winners - meaning that the traders and speculators seem to still be out in
force.

I haven't seen much panic selling (except perhaps in the gold's) yet, and my
personal little world of nanocap CANSLIM has actually been doing
exceptionally well.

I'm starting to wonder if the Iraq conflict isn't actually serving to prop
up the market, since it plays into the hands of the idea that 'things are
"about" to get better'? Perhaps it is not possible for the market to really
drop until after the Iraq situation has played out? I guess we'll have to
keep an eye on the indices to find out.

Just musing - since there isn't much official CANSLIM discussion going on.

Cheers,

Ian


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