Go to Jeff Salisbury LWGate Home Page.From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] Market Trend Charts
Date: Tue, 15 Jul 2003 13:06:06 -0500
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MessageKelly, forgive the clich=E9......... "The trend is your friend". =
=20
Now here's another profound statement "the trend is up until proven =
otherwise". =20
Many indicators are showing overbought, but they can stay overbought for =
a long long time. Take last year, they stayed oversold for a long long =
time. Most likely there is a bit of consolidation going on .... but =
who knows which way the break will occur. One just has to decide at =
what point the trend has changed from up to down (or sideways). And at =
what point another breakout to the upside has occurred. Each person =
must decide this on his/her own.=20
We were told that there would not be a post war rally - is that true?
We were told the new dividend law would not affect stock prices - is =
that true?
Although I don't see signs of a renewed bear.... I hear them in the =
background.... moaning and groaning as they try to save face after =
losing their butts.... shorting this year.
I feel that the market has to continue its upward trend because the =
public wants it to (to say nothing about the administration). When I =
attend meetings, read user group email and talk to friends I'm reminded =
of the Statue of Liberty....
"give me your tired, your poor, your huddled masses yearning to breathe =
free"
=20
translated to:
We're tired (poor management, manipulation, lies, cooked books), we're =
poor, your investors are yearning to once again believe!!!! =
... kind of corny but what the heck!
Gene
----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 15, 2003 10:53 AM
Subject: RE: [CANSLIM] Market Trend Charts
Gene,
Do you have any opinions to offer regarding this information? I see =
that many stocks are above their 50 and 200 dma and that RS lines are =
trending downward. However, most stocks seem to be trading between their =
upper and lower bands and money flow doesn't seem to indicate enormous =
swings either way. Do you think the market is a) absorbing a recent =
run-up b) peaking before a short term decline towards a resistance =
point, or c) giving the bear market pundits fuel for the flames (e.g. =
forecasting a major decline)? I'd be interested to hear what you have to =
say. Thanks.
Kelly
-----Original Message-----
From: Gene Ricci [mailto:genr@swbell.net]
Sent: Monday, July 14, 2003 7:19 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Market Trend Charts
May be of interest to you.
Gene
Charts have been updated through today (7/14)
http://www.sectorrotationfund.com/MarketTrends.htm
Duke Jones, CMT
www.longboatglobal.com
www.sectorrotationfund.com
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<HTML><HEAD><TITLE>Message</TITLE>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY text=3D#000000 bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS">Kelly, forgive =
the clich=E9......... "The=20
trend is your friend". </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Now here's another profound statement =
"the trend=20
is up until proven otherwise". </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Many indicators are showing =
overbought, but=20
they can stay overbought for a long long time. Take last =
year,=20
they stayed oversold for a long long time. Most likely there =
is a=20
bit of consolidation going on .... but who knows which way the =
break=20
will occur. One just has to decide at what point the =
trend has=20
changed from up to down (or sideways). And at what =
point another=20
breakout to the upside has occurred. Each person must decide this =
on=20
his/her own. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">We were told that there would not be a =
post war=20
rally - is that true?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">We were told the new dividend law =
would not=20
affect stock prices - is that true?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Although I don't see signs of a =
renewed=20
bear.... I hear them in the background.... moaning and groaning as =
they try=20
to save face after losing their butts.... shorting this =
year.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3D"Comic Sans MS">I feel that the market has to =
continue its=20
upward trend because the public wants it to (to say nothing about the=20
administration). When I attend meetings, read user group email and talk =
to=20
friends I'm reminded of the Statue of Liberty....</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3D"Comic Sans MS">"give me your tired, your poor, =
your=20
huddled masses yearning to breathe free"</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"> </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">translated to:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3D"Comic Sans MS">We're tired (poor management, =
manipulation,=20
lies, cooked books), we're poor, your investors are yearning to =
once=20
again believe!!!! &nb=
sp; =20
... k</FONT><FONT face=3D"Comic Sans MS">ind of corny but what the=20
heck!</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkelly.short@fw.us.neoris.com=20
href=3D"mailto:kelly.short@fw.us.neoris.com">Kelly Short</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 15, 2003 =
10:53=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Market =
Trend=20
Charts</DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT><BR></DIV>
<DIV><SPAN class=3D289564815-15072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Gene,</FONT></SPAN></DIV>
<DIV><SPAN class=3D289564815-15072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D289564815-15072003><FONT face=3DArial =
color=3D#0000ff size=3D2>Do=20
you have any opinions to offer regarding this information? I see that =
many=20
stocks are above their 50 and 200 dma and that RS lines are trending =
downward.=20
However, most stocks seem to be trading between their upper and lower =
bands=20
and money flow doesn't seem to indicate enormous swings either way. Do =
you=20
think the market is a) absorbing a recent run-up b) peaking before a =
short=20
term decline towards a resistance point, or c) giving the bear =
market=20
pundits fuel for the flames (e.g. forecasting a major decline)? I'd be =
interested to hear what you have to say. Thanks.</FONT></SPAN></DIV>
<DIV><SPAN class=3D289564815-15072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D289564815-15072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Kelly</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Gene Ricci=20
[mailto:genr@swbell.net]<BR><B>Sent:</B> Monday, July 14, 2003 7:19=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
[CANSLIM]=20
Market Trend Charts<BR><BR></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">May be of interest to =
you.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT><BR></DIV>
<DIV><SPAN class=3D234305823-14072003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Charts have been updated through today =
(7/14)</FONT></SPAN></DIV>
<DIV><SPAN class=3D234305823-14072003><FONT=20
face=3D"Comic Sans MS"></FONT></SPAN> </DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><A=20
=
href=3D"http://www.sectorrotationfund.com/MarketTrends.htm">http://www.se=
ctorrotationfund.com/MarketTrends.htm</A></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV dir=3Dltr align=3Dleft><FONT face=3D"Franklin Gothic Medium" =
color=3D#0000ff=20
size=3D2>Duke Jones, CMT</FONT></DIV>
<DIV dir=3Dltr align=3Dleft><FONT face=3D"Franklin Gothic Medium" =
size=3D2><A=20
=
href=3D"http://www.longboatglobal.com">www.longboatglobal.com</A></FONT><=
/DIV>
<DIV dir=3Dltr align=3Dleft><FONT face=3D"Franklin Gothic Medium" =
size=3D2><A=20
=
href=3D"http://www.sectorrotationfund.com">www.sectorrotationfund.com</A>=
</FONT></DIV>
<DIV dir=3Dltr align=3Dleft><FONT face=3D"Franklin Gothic Medium" =
color=3D#0000ff=20
size=3D2></FONT> </DIV>
<BLOCKQUOTE style=3D"MARGIN-RIGHT: 0px">
<DIV><FONT face=3DArial color=3D#0000ff=20
=
size=3D2></FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTM=
L>
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