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

From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: New Bull Market? (was: [CANSLIM] breakouts to come)
Date: Tue, 3 Jun 2003 20:56:11 -0600
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Thanks Katherine - I've noted the bullish upward-trending 200 dma on other
indices as well.

 Rolf

- ----- Original Message -----
From: "Katherine Malm" <kmalm@earthlink.net>


> 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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