RE: New Bull Market? (was: [CANSLIM] breakouts to come)

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: New Bull Market? (was: [CANSLIM] breakouts to come)
Date: Tue, 3 Jun 2003 09:55:12 -0500
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Hi Bill and Rolf,

Sometimes it's easier to assess the stage of the market from the chart
evidence. In addition to the rising accumulation of breakouts I mentioned in
my post last weekend, here's a chart of the Russell 3000, a good "total
market" indicator:

5 year chart:
http://www.cwhcharts.com/katherine/RUA5yr060303.JPG

1 year chart:
http://www.cwhcharts.com/katherine/RUA1yr060303.JPG

I think the Russell 2000 (small cap) probably gives the best indication of
whether the market is best for CANSLIMers. Here's a 5 year view:
http://www.cwhcharts.com/katherine/RUT5yr060303.JPG

Katherine

Note: these charts (w/o annotations) available at MSN, e.g. RUT chart is at:
http://moneycentral.msn.com/investor/charts/charting.asp?Symbol=%24rut.x

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Rolf Hertenstein
Sent: Tuesday, June 03, 2003 7:03 AM
To: canslim@lists.xmission.com
Subject: Re: Re: [CANSLIM] breakouts to come


You shouldn't get the registered letter as long as you don't actually post
the contents of "Whare the BoG Monie's Floving" (just to be safe!).

Anyway, I hope we're in the early stages of a longer bull run as well.  It's
starting to get fun again.  But I'm not holding my breath.

Like Katherine mentioned, IBD does have other uses.  For those that like to
start with fundies, the Earnings News can make a good mining starting point,
though it's tedious.

 Rolf

- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>


> Rolf,
> I was referring to "Where The Big Moneys Flowing Now". There. I wrote it -
> not the IBD police will be sending me my "letter". (I prefer not to call
the
> IBD features by exact name for that reason). It's updated throughout the
> day. Sometimes a breakout show up there. Always worth a look.
>
> Late stage rally??? Boy I hope this "stage" of the bull run is an early
one!
> (g) I'm tired of the bear rally's and failed breakouts of the past. That
> said, as long as the market is holding up...I'm still looking for fresh
> ideas. I did notice a couple positions I hold (SHFL & MRVL)pull back
today.
> They are also mentioned in IBD's 100 so I expect them to pullback from the
> exposure. (g) I'm using hard stops these days for protection.
>
> Another thing to look at with these broken out leaders is the LLUR pattern
> (see the FAQ about this pattern). Sometimes they are a nice smooth slope
up
> that can do well. Ebay is a perfect example. I've been following this one
up
> with a trailing stop...just incase.
>
> --
> Bill
>
>
> ----- Original Message -----
> From: "Rolf Hertenstein" <rolfh@mindspring.com>
> To: <canslim@lists.xmission.com>
> Sent: Monday, June 02, 2003 10:39 AM
> Subject: Re: Re: [CANSLIM] breakouts to come
>
>
> Hi Bill - Are you referring to IBD's Screen of the Day?
>
> I think in a recent discussion of the market, IBD mentioned that further
> breakouts at this stage of this bull run (however long it'll be) are more
> likely to be 'second rate'.  The real leaders have broken out and already
> have good gains.  This won't stop me from looking of course.
>
>  Rolf
>   For list creation, I'd also do a quick scan of the daily updated stocks
> featured on the IBD site for possible setup/entry points.
>
>   --
>   Bill
>
>
>
>   -----------------------------------------------------------------
>   I was just going through the charts of IBD100 last night, and was
thinking
>   the exact same thing.  Are there any other lists of high quality CANSLIM
>   stocks that should be scanned to check for proper price patterns?
>
>   Chris
>     ----- Original Message -----
>     From: Ann Hollingworth
>     To: CANSLIM Listserv
>     Sent: Monday, June 02, 2003 4:28 AM
>     Subject: [CANSLIM] breakouts to come
>
>
>     It seems to me, as I hunt through WR and IBD100, that there are a lot
of
>   overextended stocks, and not to many on the right side of their cup or
>   ready to break out.
>
>     It would seem to me that there could be two reasons for this:
>
>     1. The rally is going to wane.
>
>     2. The WR and IBD100 do not produce stocks at this state of their
>   development.
>
>     Any comments??
>
>     Ann
>
>
>
>
>
>
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