[CANSLIM] "M" - the trend

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] "M" - the trend
Date: Tue, 22 Apr 2003 23:05:46 -0400

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worth noting that virtually every index still looks alike, but now are all
in a several week uptrend. In each case, they moved above on today's
trading, on above average volume, both of the recent high spikes of 3/21 and
4/7, and are approaching the calendar year highs set back in mid January.

RS lines are trending up, as are the 50 dma. The 200 dma appears to be
bottoming, a continuation of the short term trend will also have this line
trending up. The increase in trading volume is likewise significant to me,
as I believe a large amount of cash has been, and continues to be, on the
sidelines. I also suspect a lot of buying power is still tied up in short
positions.

Earnings reports so far appear to be muted, most meeting lowered
expectations, which suggests to me the "real expectations" were far worse.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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