Go to Jeff Salisbury LWGate Home Page.From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] Market Trend Charts
Date: Tue, 15 Jul 2003 14:28:27 -0600
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Thanks Kelly - I didn't even see the second http in my error window. =
Works now.
Rolf
----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, July 15, 2003 2:04 PM
Subject: RE: [CANSLIM] Market Trend Charts
Rolf,
Once you click on the links, remove the first "http://" from the URL =
then hit return and they should work:
=
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
becomes:
=
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
-----Original Message-----=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.
Thanks!
Rolf
----- Original Message -----=20
From: Pritish Shah=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&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&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.
I am open for discussions but not flames please.
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=20
www.sectorrotationfund.com=20
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<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4134.600" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY style=3D"MARGIN-TOP: 2px; FONT: 8pt Tahoma; MARGIN-LEFT: 2px"=20
bgColor=3D#fffcf0>
<DIV><FONT face=3DArial size=3D2>Thanks Kelly - I didn't even see the =
second http in=20
my error window. Works now.</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=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 =
2:04=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Market =
Trend=20
Charts</DIV>
<DIV><BR></DIV>
<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=20
size=3D2>-----Original 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=20
got a "cannot be displayed" error. Are the links =
correct? I'm=20
curious 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=20
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=20
the market will churn for the next few years and I believe that =
would be=20
the trend. This is where CANSLIM can do much better than any other =
method=20
of investing. <BR><BR>Take a look at the following chart. You will =
notice=20
that from 1937 to 1950 (13 yrs), the market was pretty much flat. =
From=20
1965 to 1983 also the market was flat. There was also a flat =
period before=20
1930 but 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=20
career 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=20
recent BO purchases have gotten SARS and are in quarantine. I fear =
I may=20
lose them to the "disease", or the hurricane, or whatever ailment =
is=20
keeping them from soaring. <BR><BR>That said- I did enjoy reading =
the=20
information you passed along- thanks! <BR><BR>Kelly =
<BR><BR>-----Original=20
Message----- <BR>From: 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=20
way the break will occur. One just has to decide at what point the =
trend=20
has 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. <BR><BR>We were told that there would not be a post =
war rally=20
- is that true? <BR>We were told the new dividend law would not =
affect=20
stock prices - is that true? <BR><BR>Although I don't see signs of =
a=20
renewed bear.... I hear them in the background.... moaning and =
groaning as=20
they try to save face after losing their butts.... shorting this =
year.=20
<BR><BR>I feel that the market has to continue its upward trend =
because=20
the public wants it to (to say nothing about the administration). =
When I=20
attend meetings, read user group email and talk to friends I'm =
reminded of=20
the Statue of Liberty.... <BR><BR>"give me your tired, your poor, =
your=20
huddled masses yearning to breathe free" <BR><BR>translated to:=20
<BR><BR>We're tired (poor management, manipulation, lies, cooked =
books),=20
we're poor, your investors are yearning to once again believe!!!! =
... kind=20
of corny but what the heck! <BR><BR>Gene <BR><BR><BR><BR><BR>----- =
Original Message ----- <BR>From: Kelly Short <<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]=20
Market Trend Charts <BR><BR><BR>Gene, <BR><BR>Do you have any =
opinions to=20
offer regarding this information? I see that many stocks are above =
their=20
50 and 200 dma and that RS lines are trending downward. However, =
most=20
stocks seem to be trading between their upper and lower bands and =
money=20
flow doesn't seem to indicate enormous swings either way. Do you =
think the=20
market is a) absorbing a recent run-up b) peaking before a short =
term=20
decline towards a resistance point, or c) giving the bear market =
pundits=20
fuel for the flames (e.g. forecasting a major decline)? I'd be =
interested=20
to hear what you have to say. Thanks. <BR><BR>Kelly =
<BR><BR>-----Original=20
Message----- <BR>From: 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=20
to you. <BR><BR>Gene <BR><BR><BR><BR>Charts have been updated =
through=20
today (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></BLOCKQUOTE></BODY><=
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