Go to Jeff Salisbury LWGate Home Page.From: "Kelly Short" <kelly.short@fw.us.neoris.com>
Subject: RE: [CANSLIM] Market Trend Charts
Date: Tue, 15 Jul 2003 15:04:24 -0500
Previous Article (by Subject): Re: [CANSLIM] Market Trend Charts "Rolf Hertenstein"
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Rolf,
=20
Once you click on the links, remove the first "http://" from the URL =
then hit return and they should work:
=20
http://http://finance.yahoo.com/q?s=3D^IXIC =
<http://http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&a=3Dvm,m26-12-9=
,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3Db> =
&d=3Dc&k=3Dc3&a=3Dvm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3Db
=20
becomes:
=20
http://finance.yahoo.com/q?s=3D^IXIC =
<http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&a=3Dvm,m26-12-9,ss,fs&=
p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3Db> =
&d=3Dc&k=3Dc3&a=3Dvm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3Db
=20
- -----Original Message-----=20
=20
=20
From: Rolf Hertenstein [mailto:rolfh@mindspring.com]
Sent: Tuesday, July 15, 2003 2:57 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Market Trend Charts
Hi Pritish - I clicked on the links and got a "cannot be displayed" =
error. Are the links correct? I'm curious to see these.
=20
Thanks!
=20
Rolf
- ----- Original Message -----=20
From: Pritish Shah <mailto:pshah@lason.com> =20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 15, 2003 1:36 PM
Subject: RE: [CANSLIM] Market Trend Charts
Hi Kelly,=20
I have been studying where I am making mistakes. A lot of my failures =
were bought when Nasdaq was touching the upper bollinger bands. Checkout =
the following chart. You will notice that Nasdaq is currently toying =
with the upper bollinger bands and has been bouncing from the 20dma. So =
the best time to buy would be when Nasdaq again touches 20dma and there =
are a flurry of breakouts.=20
http://finance.yahoo.com/q?s=3D^IXIC =
<http://http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&a=3Dvm,m26-12-9=
,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3Db> =
&d=3Dc&k=3Dc3&a=3Dvm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3Db=20
A lot of people have shown me charts that basically predict that the =
market will churn for the next few years and I believe that would be the =
trend. This is where CANSLIM can do much better than any other method of =
investing.=20
Take a look at the following chart. You will notice that from 1937 to =
1950 (13 yrs), the market was pretty much flat. From 1965 to 1983 also =
the market was flat. There was also a flat period before 1930 but that =
is not shown on the graph.=20
http://finance.yahoo.com/q?s=3D^DJI =
<http://http://finance.yahoo.com/q?s=3D^DJI&d=3Dc&k=3Dc3&p=3D&t=3Dmy&l=3D=
on&z=3Dl&q=3Dl> &d=3Dc&k=3Dc3&p=3D&t=3Dmy&l=3Don&z=3Dl&q=3Dl=20
Basically after every major rise, the market pauses for several years =
and then tries again. This has happened 3 times on DJI. Nasdaq is =
currently behaving exactly like DJI from 1930 to 1933. If it continues =
to behave like DJI, for next year and half, we are not going to go =
anywhere and then there will be a major move upwards.
=20
I am open for discussions but not flames please.
=20
Thanks,
Pritish
>>> kelly.short@fw.us.neoris.com 07/15/03 02:40PM >>>=20
Gene,=20
What was in your patriotic Wheeties this morning?! Thanks for the =
explanation though. Have you thought about a career in politics because =
that answer was perfectly on the middle ground.=20
Okay, okay. I'll ride the trend. I'm just bitter: three of my recent BO =
purchases have gotten SARS and are in quarantine. I fear I may lose them =
to the "disease", or the hurricane, or whatever ailment is keeping them =
from soaring.=20
That said- I did enjoy reading the information you passed along- thanks! =
Kelly=20
- -----Original Message-----=20
From: Gene Ricci [ mailto:genr@swbell.net]=20
Sent: Tuesday, July 15, 2003 1:06 PM=20
To: canslim@lists.xmission.com=20
Subject: Re: [CANSLIM] Market Trend Charts=20
Kelly, 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?=20
We were told the new dividend law would not affect stock prices - is =
that true?=20
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.=20
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....=20
"give me your tired, your poor, your huddled masses yearning to breathe =
free"=20
translated to:=20
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!=20
Gene=20
- ----- Original Message -----=20
From: Kelly Short < mailto:kelly.short@fw.us.neoris.com >=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 15, 2003 10:53 AM=20
Subject: RE: [CANSLIM] Market Trend Charts=20
Gene,=20
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.=20
Kelly=20
- -----Original Message-----=20
From: Gene Ricci [ mailto:genr@swbell.net]=20
Sent: Monday, July 14, 2003 7:19 PM=20
To: canslim@lists.xmission.com=20
Subject: [CANSLIM] Market Trend Charts=20
May be of interest to you.=20
Gene=20
Charts have been updated through today (7/14)=20
http://www.sectorrotationfund.com/MarketTrends.htm=20
Duke Jones, CMT=20
www.longboatglobal.com <http://www.longboatglobal.com/> =20
www.sectorrotationfund.com <http://www.sectorrotationfund.com/> =20
- ------_=_NextPart_001_01C34B0C.49CBF7D9
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=3D"Content-Type" CONTENT=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY style=3D"MARGIN-TOP: 2px; FONT: 8pt Tahoma; MARGIN-LEFT: 2px"=20
bgColor=3D#fffcf0>
<DIV><SPAN class=3D777200320-15072003><FONT =
size=3D1>Rolf,</FONT></SPAN></DIV>
<DIV><SPAN class=3D777200320-15072003><FONT =
size=3D1></FONT></SPAN> </DIV>
<DIV><SPAN class=3D777200320-15072003><FONT size=3D1>Once you click on =
the links,=20
remove the first "http://" from the URL then hit return and they should=20
work:</FONT></SPAN></DIV>
<DIV><SPAN class=3D777200320-15072003><FONT =
size=3D1></FONT></SPAN> </DIV>
<DIV><FONT style=3D"BACKGROUND-COLOR: #ffffff" size=3D1><A=20
href=3D"http://http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&=
amp;a=3Dvm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&a=
mp;q=3Db">http://http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc=
3&a=3Dvm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl=
&q=3Db</A></FONT></DIV>
<DIV><FONT size=3D1></FONT> </DIV>
<DIV><SPAN class=3D777200320-15072003><FONT =
size=3D1>becomes:</FONT></SPAN></DIV>
<DIV><SPAN class=3D777200320-15072003><FONT =
size=3D1></FONT></SPAN> </DIV>
<DIV><SPAN class=3D777200320-15072003><FONT size=3D1><A=20
href=3D"http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&a=3D=
vm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3Db=
">http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&a=3Dvm,m2=
6-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3Db</A><=
/FONT></SPAN></DIV>
<DIV><SPAN class=3D777200320-15072003><FONT =
size=3D1></FONT></SPAN> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
size=3D2>-----Original=20
Message-----<SPAN class=3D777200320-15072003><FONT=20
size=3D1> </FONT></SPAN></FONT></DIV>
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
size=3D2><SPAN=20
class=3D777200320-15072003></SPAN></FONT> </DIV>
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
size=3D2><SPAN=20
class=3D777200320-15072003> </SPAN><BR><B>From:</B> Rolf =
Hertenstein=20
[mailto:rolfh@mindspring.com]<BR><B>Sent:</B> Tuesday, July 15, 2003 =
2:57=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
Market Trend Charts<BR><BR></DIV></FONT>
<DIV><FONT face=3DArial size=3D2>Hi Pritish - I clicked on the =
links and got=20
a "cannot be displayed" error. Are the links correct? I'm =
curious=20
to see these.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Rolf</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=3Dpshah@lason.com href=3D"mailto:pshah@lason.com">Pritish =
Shah</A>=20
</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 15, 2003 =
1:36=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Market =
Trend=20
Charts</DIV>
<DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial=20
size=3D2></FONT><BR></DIV>
<DIV><FONT face=3DArial>Hi Kelly, <BR><BR>I have been studying where =
I am=20
making mistakes. A lot of my failures were bought when Nasdaq was =
touching=20
the upper bollinger bands. Checkout the following chart. You =
will=20
notice that Nasdaq is currently toying with the upper bollinger =
bands and=20
has been bouncing from the 20dma. So the best time to buy would be =
when=20
Nasdaq again touches 20dma and there are a flurry of breakouts.=20
<BR><BR><U><A=20
=
href=3D"http://http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&=
amp;a=3Dvm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&a=
mp;q=3Db">http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&a=
=3Dvm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3D=
b</A></U>=20
<BR><BR>A lot of people have shown me charts that basically predict =
that the=20
market will churn for the next few years and I believe that would be =
the=20
trend. This is where CANSLIM can do much better than any other =
method of=20
investing. <BR><BR>Take a look at the following chart. You will =
notice that=20
from 1937 to 1950 (13 yrs), the market was pretty much flat. From =
1965 to=20
1983 also the market was flat. There was also a flat period before =
1930 but=20
that is not shown on the graph. <BR><BR><U><A=20
=
href=3D"http://http://finance.yahoo.com/q?s=3D^DJI&d=3Dc&k=3Dc3&a=
mp;p=3D&t=3Dmy&l=3Don&z=3Dl&q=3Dl">http://finance.yahoo.c=
om/q?s=3D^DJI&d=3Dc&k=3Dc3&p=3D&t=3Dmy&l=3Don&z=3D=
l&q=3Dl</A></U>=20
<BR><BR>Basically after every major rise, the market pauses for =
several=20
years and then tries again. This has happened 3 times on DJI.=20
<STRONG><U>Nasdaq is currently behaving exactly like DJI from 1930 =
to=20
1933.</U></STRONG> If it continues to behave like DJI, for next year =
and=20
half, we are not going to go anywhere and then there will be a major =
move=20
upwards.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I am open for discussions but not flames=20
please.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Thanks,</FONT></DIV>
<DIV><FONT face=3DArial>Pritish<BR></FONT></DIV>
<DIV><BR>>>> kelly.short@fw.us.neoris.com 07/15/03 02:40PM=20
>>> <BR>Gene, <BR><BR>What was in your patriotic Wheeties =
this=20
morning?! Thanks for the explanation though. Have you thought about =
a career=20
in politics because that answer was perfectly on the middle ground.=20
<BR><BR>Okay, okay. I'll ride the trend. I'm just bitter: three of =
my recent=20
BO purchases have gotten SARS and are in quarantine. I fear I may =
lose them=20
to the "disease", or the hurricane, or whatever ailment is keeping =
them from=20
soaring. <BR><BR>That said- I did enjoy reading the information you =
passed=20
along- thanks! <BR><BR>Kelly <BR><BR>-----Original Message----- =
<BR>From:=20
Gene Ricci [<U> <A=20
href=3D"mailto:genr@swbell.net]">mailto:genr@swbell.net]</A></U> =
<BR>Sent:=20
Tuesday, July 15, 2003 1:06 PM <BR>To: <U><A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</U>=20
<BR>Subject: Re: [CANSLIM] Market Trend Charts <BR><BR><BR>Kelly, =
forgive=20
the clich=E9......... "The trend is your friend". <BR><BR>Now here's =
another=20
profound statement "the trend is up until proven otherwise". =
<BR><BR>Many=20
indicators are showing overbought, but they can stay overbought for =
a long=20
long time. Take last year, they stayed oversold for a long long =
time. Most=20
likely there is a bit of consolidation going on .... but who knows =
which way=20
the break 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 =
breakout to=20
the upside has occurred. Each person must decide this on his/her =
own.=20
<BR><BR>We were told that there would not be a post war rally - is =
that=20
true? <BR>We were told the new dividend law would not affect stock =
prices -=20
is that true? <BR><BR>Although I don't see signs of a renewed =
bear.... I=20
hear them in the background.... moaning and groaning as they try to =
save=20
face after losing their butts.... shorting this year. <BR><BR>I feel =
that=20
the market has to continue its upward trend because the public wants =
it to=20
(to say nothing about the administration). When I attend meetings, =
read user=20
group email and talk to friends I'm reminded of the Statue of =
Liberty....=20
<BR><BR>"give me your tired, your poor, your huddled masses yearning =
to=20
breathe free" <BR><BR>translated to: <BR><BR>We're tired (poor =
management,=20
manipulation, lies, cooked books), we're poor, your investors are =
yearning=20
to once again believe!!!! ... kind of corny but what the heck! =
<BR><BR>Gene=20
<BR><BR><BR><BR><BR>----- Original Message ----- <BR>From: Kelly =
Short=20
<<U> <A=20
=
href=3D"mailto:kelly.short@fw.us.neoris.com">mailto:kelly.short@fw.us.neo=
ris.com</A></U>=20
> <BR>To: <U><A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</U>=20
<BR>Sent: Tuesday, July 15, 2003 10:53 AM <BR>Subject: RE: [CANSLIM] =
Market=20
Trend Charts <BR><BR><BR>Gene, <BR><BR>Do you have any opinions to =
offer=20
regarding this information? I see that many stocks are above their =
50 and=20
200 dma and that RS lines are trending downward. However, most =
stocks seem=20
to be trading between their upper and lower bands and money flow =
doesn't=20
seem to indicate enormous swings either way. Do you think the market =
is a)=20
absorbing a recent run-up b) peaking before a short term decline =
towards a=20
resistance point, or c) giving the bear market pundits fuel for the =
flames=20
(e.g. forecasting a major decline)? I'd be interested to hear what =
you have=20
to say. Thanks. <BR><BR>Kelly <BR><BR>-----Original Message----- =
<BR>From:=20
Gene Ricci [<U> <A=20
href=3D"mailto:genr@swbell.net]">mailto:genr@swbell.net]</A></U> =
<BR>Sent:=20
Monday, July 14, 2003 7:19 PM <BR>To: <U><A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</U>=20
<BR>Subject: [CANSLIM] Market Trend Charts <BR><BR><BR>May be of =
interest to=20
you. <BR><BR>Gene <BR><BR><BR><BR>Charts have been updated through =
today=20
(7/14) <BR><BR><U><A=20
=
href=3D"http://www.sectorrotationfund.com/MarketTrends.htm">http://www.se=
ctorrotationfund.com/MarketTrends.htm</A></U>=20
<BR><BR>Duke Jones, CMT <BR><U><A=20
=
href=3D"http://www.longboatglobal.com/">www.longboatglobal.com</A></U>=20
<BR><U><A=20
=
href=3D"http://www.sectorrotationfund.com/">www.sectorrotationfund.com</A=
></U>=20
<BR><BR><BR><BR><BR></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Previous Article (by Subject): Re: [CANSLIM] Market Trend Charts "Rolf Hertenstein"
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