Re: [CANSLIM] Anyone else see the general market patterns?

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Anyone else see the general market patterns?
Date: Mon, 31 Mar 2003 09:59:25 -0800

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Hi Bill:

Actually, it goes back much further than that. Bring up a 3-year weekly
chart of the OEX (S&P 100), and you will see that ever since the start of
the bear in 2000, every single rally has hit a hard ceiling at the 40-week
EMA.

Cheers,

Ian


- ----- Original Message -----
From: Bill Triffet <btriffet@earthlink.net>
To: canslim <canslim@lists.xmission.com>
Sent: Monday, March 31, 2003 9:21 AM
Subject: [CANSLIM] Anyone else see the general market patterns?


> Interesting bit of simpleton market trend analysis on my part but here
goes:
>
> Pull up 6 month charts for the DJ30, NAZ, and the S&P500. Next add
200dma's to each. Now notice the Dec, Jan, and now March tops of each of the
last "rallys". Based on these charts alone, I've avoided entering the market
this past week as it looked like another top in these bear rallys. Don't
know how long this pattern will last but it looks rock solid - lower highs
and lower lows at each point. That said, it looks like there has been money
to make in each of these periods. I've been looking for a longer term
commitment than 1 to 2 months to get back in though...
>
>
> Btw, Hey Tom, looks like EPIQ got a case of the IBD curse. It was shown at
the IBD site (free section) as being UP Fri. At least it's still at its base
now.
>
> --
> Bill
>
>
>
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