RE: [CANSLIM] "M"

From: "Fred Richards" <ffradrich@attbi.com>
Subject: RE: [CANSLIM] "M"
Date: Thu, 13 Mar 2003 20:05:32 -0600

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Well, I covered all my shorts the last three days.  And did not go long.
Just sitting in cash for the first time in months.

But am I afraid that the rally will pass me by? NO.

There is always another train coming down the track.  The real point is
you don't want to be on the track when the train runs over you.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Thursday, March 13, 2003 6:25 PM
To: CANSLIM
Subject: [CANSLIM] "M"


OK, we got a good rally today, whether it was just a relief rally, or
short covering, or maybe even a real rally, with real sidelined cash
flowing back in.

Mutual funds only have two weeks to invest any cash in excess of their
limits, and may have contributed. A delay in a vote at the UN is being
credited, so just may be news driven, here today, gone tomorrow.

Nonetheless, we certainly got a 2+% gain on every index, and on volume
well exceeding daily average. And that comes in a period when daily
volume has been typically well under average.

So, is anybody starting to count the days, looking for the follow thru
day 4-7 days out? Coincidentally, that period might also fall just after
war with Iraq is unilaterally initiated by the USA, which would cause at
least some minor relief rally.

Does anyone trust today's gains? With so much news, can we trust
technicals?

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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