Re: [CANSLIM] WEBX

From: RWElmer@aol.com
Subject: Re: [CANSLIM] WEBX
Date: Wed, 6 Aug 2003 12:07:18 EDT
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Hello All,

While I'm not really a CANSLIM investor, explaining why I don't post here 
very often despite lurking, I thought it worth mentioning something primarily to 
the new people on this Board. One of the most important parts of CANSLIM is 
the "M." I don't know what the rest of you may be seeing but what I'm seeing is 
Market indicators showing that the next down wave is just getting started. If 
this is correct, fighting it will likely get you hurt, regardless of possible 
breakout setups. O'Neil states that 3 out of every 4 stocks will follow the 
broader Market trend. Considering the nice  run-up from March, the fact that 
we're in one of the traditionally worst months for the Market, and the fact that 
the NASDAQ had a distribution yesterday, I think Uncle Bill would suggest you 
wait for better conditions before making any new purchases.

Just my opinion, and I know the experienced people on this Board know what 
time it is. But I see alot of newbies here who could be disappointed if they buy 
breakouts right now and may swear off an otherwise excellent methodology if 
they get too hurt here. This is a CANSLIM Board, and all letters should be 
considered. 

Just trying to save some of you some investing capital. Good Luck All ... 

Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com

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<HTML><FONT FACE=3Darial,helvetica><FONT  SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=
=3D"Arial" LANG=3D"0">Hello All,<BR>
<BR>
While I'm not really a CANSLIM investor, explaining why I don't post here ve=
ry often despite lurking, I thought it worth mentioning something primarily=20=
to the new people on this Board. One of the most important parts of CANSLIM=20=
is the "M." I don't know what the rest of you may be seeing but what I'm see=
ing is Market indicators showing that the next down wave is just getting sta=
rted. If this is correct, fighting it will likely get you hurt, regardless o=
f possible breakout setups. O'Neil states that 3 out of every 4 stocks will=20=
follow the broader Market trend. Considering the nice&nbsp; run-up from Marc=
h, the fact that we're in one of the traditionally worst months for the Mark=
et, and the fact that the NASDAQ had a distribution yesterday, I think Uncle=
 Bill would suggest you wait for better conditions before making any new pur=
chases.<BR>
<BR>
Just my opinion, and I know the experienced people on this Board know what t=
ime it is. But I see alot of newbies here who could be disappointed if they=20=
buy breakouts right now and may swear off an otherwise excellent methodology=
 if they get too hurt here. This is a CANSLIM Board, and all letters should=20=
be considered. <BR>
<BR>
Just trying to save some of you some investing capital. Good Luck All ... <B=
R>
<BR>
<B>Robert W. Elmer<BR>
Coldwell Banker First Shasta<BR>
2837 Bechelli Ln.<BR>
Redding, CA 96002</B><BR>
</FONT><FONT  COLOR=3D"#0080ff" style=3D"BACKGROUND-COLOR: #ffffff" SIZE=3D2=
 FAMILY=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"><B>RWElmer@aol.com</FONT><FO=
NT  COLOR=3D"#000000" style=3D"BACKGROUND-COLOR: #ffffff" SIZE=3D2 FAMILY=
=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"></B><BR>
</FONT><FONT  COLOR=3D"#0000ff" style=3D"BACKGROUND-COLOR: #ffffff" SIZE=3D2=
 FAMILY=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"><B>221-9556 or 1-800-348-793=
9 ext.156</FONT><FONT  COLOR=3D"#000000" style=3D"BACKGROUND-COLOR: #ffffff"=
 SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"></B><BR>
</FONT><FONT  COLOR=3D"#800080" style=3D"BACKGROUND-COLOR: #ffffff" SIZE=3D2=
 FAMILY=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"><B>www.robertelmer.com</B></=
FONT></HTML>

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