[CANSLIM] benign pull-backs revisited

From: "Norman Boyd" <theboyd@tisd.net>
Subject: [CANSLIM] benign pull-backs revisited
Date: Fri, 27 Jun 2003 21:31:40 -0500

Previous Article (by Author): RE: [CANSLIM] Opportunity Cost "Logan, Scott L."
Articles sorted by: [Date] [Author] [Subject]

This is a multi-part message in MIME format.

- ------=_NextPart_000_00A4_01C33CF3.7F6598B0
Content-Type: text/plain;
	charset="iso-8859-1"
Content-Transfer-Encoding: 7bit

As I watched this apparently "less than constructive" week go by, it struck
me there was some resemblance to the pull-back discussion we had a few days
ago.  The vol on the S&P was below the 50dma each day this week.  If the M
were a single stock I would call this a "benign" pull-back.  Certainly there
was a little bad news this week, there always is; but there was also some
very good news.  That, combined with the spectacular quarter the S&P has
had, makes me believe this is a constructive pull-back or retracement as
some call it.  I mining for some good stocks, looking forward to the rebound
and trying to keep a positive approach.

Norm

- ------=_NextPart_000_00A4_01C33CF3.7F6598B0
Content-Type: text/html;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4522.1800" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>As I watched this apparently "less than constructive" week go by, =
it struck=20
me there was some resemblance to the pull-back discussion we had a few =
days=20
ago.&nbsp; The vol on the S&amp;P was below the 50dma each day this =
week.&nbsp;=20
If the M were a single stock I would call this a "benign" =
pull-back.&nbsp;=20
Certainly there was a little bad news this week, there always is; but =
there was=20
also some very good news.&nbsp; That, combined with the spectacular =
quarter the=20
S&amp;P has had, makes me believe this is a constructive pull-back or=20
retracement as some call it.&nbsp; I mining for some good =
stocks,&nbsp;looking=20
forward to the rebound and trying to keep a&nbsp;positive =
approach.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Norm</DIV></BODY></HTML>

- ------=_NextPart_000_00A4_01C33CF3.7F6598B0--


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

Previous Article (by Author): RE: [CANSLIM] Opportunity Cost "Logan, Scott L."
Articles sorted by: [Date] [Author] [Subject]

Go to Jeff Salisbury LWGate Home Page.