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

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Anyone else see the general market patterns?
Date: Mon, 31 Mar 2003 19:32:05 -0500

Next Article (by Date): RE: [CANSLIM] Stock Analysis Sites to Look At "Harold Josephson"
Previous Article (by Date): Re: Re: [CANSLIM] Anyone else see the general market patterns? Bill Triffet
Top of Thread: Re: [CANSLIM] Anyone else see the general market patterns? Ian
Articles sorted by: [Date] [Author] [Subject]

Bill, we have been seeing these "bear market rallys" for several years now.
At least lately, we are not getting lower lows, and the down days appear to
mostly be on lighter volume than many of the up days.

Thanks for the heads up on EPIQ, I did notice it made one of DGO's lists
this weekend, so guess it's not surprising that IBD also noticed it. Today
looks like another failed b/o, oh well, easy come, easy go, it's only money.

- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>
To: "canslim" <canslim@lists.xmission.com>
Sent: Monday, March 31, 2003 12:21 PM
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



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



- -
- -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.