RE: [CANSLIM] Market Trend Charts

From: "Pritish Shah" <pshah@lason.com>
Subject: RE: [CANSLIM] Market Trend Charts
Date: Tue, 15 Jul 2003 16:30:10 -0400
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Sorry,

For some odd reason, http:// got added to the front. I sent this as an =
HTML message (I generally do plain text only but wanted to try HTML)

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

and

http://finance.yahoo.com/q?s=3D^DJI&d=3Dc&k=3Dc3&p=3D&t=3Dmy&l=3Don&z=3Dl&q=
=3Dl

Hope this helps...

Thanks,
Pritish

>>> kelly.short@fw.us.neoris.com 07/15/03 04:04PM >>>
Rolf,
=20
Once you click on the links, remove the first "http://" from the URL then =
hit return and they should work:
=20
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
=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]=20
Sent: Tuesday, July 15, 2003 2:57 PM
To: canslim@lists.xmission.com=20
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=3Don&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!=20=


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







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