[CANSLIM] Fourth Distribution Day -- potentially in the last 16 sessions

From: "Pritish Shah" <pshah@lason.com>
Subject: [CANSLIM] Fourth Distribution Day -- potentially in the last 16 sessions
Date: Mon, 23 Jun 2003 12:04:17 -0400

Next Article (by Date): [CANSLIM] MVL michael_niemotka@baxter.com
Top of Thread: Re: [CANSLIM] Fourth Distribution Day -- potentially in the last 16 sessions "Rolf Hertenstein"
Next in Thread: Re: [CANSLIM] Fourth Distribution Day -- potentially in the last 16 sessions "Rolf Hertenstein"
Articles sorted by: [Date] [Author] [Subject]

I guess people are thinking why the heck am I so paranoid. This probably =
is the third distribution day in the last two to three weeks on Nasdaq.=20

I am trying to guage whether other people are seeing the same things as I =
am.

IBD said in its Big Picture that one of the D-Days did not have enough =
selling preassure. However, the volume was higher than the previous day by =
just a tad and was also above the average volume.

Plus, I noticed on Friday that 60%+ of all the advisors were bullish on =
the market (contrarian  indicator). A lot of the leaders are reversing =
their gains. I had to sell few stocks in the last couple days. Some =
violated the 8% (Eg. AZN) rule and some were going to turn into a loss =
(Eg. CELG).

I have also noticed that microcaps have been more stable. (TCHC, WFSI and =
others)

Regards,
Pritish



- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.