RE: [CANSLIM] M

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] M
Date: Fri, 13 Jun 2003 12:43:47 -0500

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Hi Jeff,

If you'd like to review other major indexes in addition to Semiconductor
($SOX) such as Biotech ($BTK), Broker/Dealers ($XBD), etc., StockCharts.com
has a very nice Market Summary page with each of these displayed:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=msummary&cmd=show&
disp=SXA

If you want to review charts for indexes at other sites such as Yahoo or
MSN, they each use a different convention for the wildcard designating the
symbol as an index. For example, at Yahoo, you would enter ^SOX, at MSN you
would enter $SOX.X

Katherine


- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Pritish Shah
Sent: Friday, June 13, 2003 11:32 AM
To: canslim@lists.xmission.com; jeffwdc@yahoo.com
Subject: Re: [CANSLIM] M



Semiconductor Index

>>> jeffwdc@yahoo.com 06/13/03 01:24PM >>>
Hi Ian,
Can you tell me what SOX is?  I'm guessing it is an
index, but not sure which one.  Thanks, jg

- --- Ian <ianstm@shaw.ca> wrote:
> Hi all:
>
> Just an observation on M:
>
> If you look at a 6-month chart of the SOX, you'll
> see that the SOX bottomed
> in February at 260, and over the next month,
> stubbornly refused to go below
> 280. Simultaneously, the rest of the indices were
> still dropping, putting in
> a bottom on March 12. The SOX was leading the market
> - which it did as the
> indices charged higher over the last 3 months.
>  When the SOX hit 410 last Friday, it was up almost
> 60% over its February
> 260 low!
>
> But since last Friday, when the SOX put in what
> might be a blowoff top, the
> SOX has been exceptionally weak, dropping to the 362
> area right now (giving
> up almost exactly 1/3 of its gain), and getting very
> little of the general
> market bounce that we saw in the middle of this
> week.
>
> In my view, this is a serious warning sign for M
> here, and warrants close
> watch, as the SOX approaches its 50-day in the low
> 350 area.
>
>
> Cheers,
>
> Ian
>
>
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