Re: [CANSLIM] "M"

From: Mike <PatternDT@SoftHome.net>
Subject: Re: [CANSLIM] "M"
Date: Fri, 14 Mar 2003 00:41:38 -0500

Next Article (by Subject): Re: [CANSLIM] IBD Industry Groups in PDF Format "NANCY POLCARO"
Previous Article (by Subject): Re: [CANSLIM] "M" Ian
Articles sorted by: [Date] [Author] [Subject]

Certainly was a fine rally, the shorts are writhing in fear.  I wouldn't be 
disappointed to see a retest soon, how that goes will be more telling.

How are you counting the 4-7 days, market days or including weekends?
Thanks,
Mike


 >>
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
<<


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.