[CANSLIM] Anyone else see the general market patterns?

From: Bill Triffet <btriffet@earthlink.net>
Subject: [CANSLIM] Anyone else see the general market patterns?
Date: Mon, 31 Mar 2003 09:21:23 -0800 (PST)

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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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