Go to Jeff Salisbury LWGate Home Page.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 > > > > > > > > > > > > > > - > > -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. > > > > - > -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.
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