[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

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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

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<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>

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