RE: [CANSLIM] "M"

From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: RE: [CANSLIM] "M"
Date: Fri, 14 Mar 2003 08:50:10 -0600

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The preponderant messages relating to the death of canslim seemed like a
great contrarian indicator.  Those followers who are not in front of
screens all day should by all means be on the sidelines during all this.
The S&P from last Friday to this morning was only up 0.36% even with
yesterday's 3.45% gain.  It is still a treacherous market, tread
lightly, and if you invest go small - if you have a profit - build
slowly.  We call our approach aggressive conservation - if you lose -
don't lose big.

Good investing

Ed Gjertsen II
ed@macktracks.com
 
 
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- -----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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