Re: [CANSLIM] Market

From: "Chas" <1440lda@tm.net>
Subject: Re: [CANSLIM] Market
Date: Wed, 13 Aug 2003 07:43:58 -0400
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Chuck     Someone told me (  and this was many moons ago  )  that he =
looked at where the mkt's are now vs 5 weeks prior and has the movement =
in the last week been positive or negative and he wanted to see a + 2% =
move. So where are we?
8 July                                        5 August                   =
          12 August
Dow 9223                                      9036                       =
              9310
S&P 1007                                        965                      =
                990
NAS 1746                                        1673                     =
              1687

So for 5 wk's  Dow up  and S&P NAS down  1wk all 3 have positive =
movement. But I'm waiting to add new positions until all 3 have positive =
5 wk performance. just my thoughts

Chas
  ----- Original Message -----=20
  From: Charles & Lois Layne=20
  To: CANSLIM Forum=20
  Sent: Tuesday, August 12, 2003 10:28 PM
  Subject: [CANSLIM] Market


  Regardless of the tools used - technical and fundamental - the big =
market picture is always appropriate.  Where is the market currently?

  My opinion is that we're in one of those points between the bear and =
the bull.  I think that sentiment has been turning bullish for awhile.  =
I base that on nothing scientific, just personal observation and feel.  =
Over the past few months, we have seen some fairly bad news that the =
market has managed to get over quickly.  The M reaction has not been as =
punishing lately.  Contrast this with the M conditions of the past 2 to =
3 years.  Even good news received withering M punishment much of the =
time as stock after stock hit the skids.

  But the M is not exuberantly bullish now, either.  Still a great deal =
of caution and concern.  Nothing much in the way of euphoria.  And a lot =
of real uncertainties out there with uncertain terrorist activity, =
uncertain economic policies, and uncertain international conditions.

  I think that this significantly weighs on CANSLIM and other =
disciplines.  WON is clear: CANSLIM is a bull M discipline.  M =
conditions now are likely to result in more than average failed =
breakouts, or truncated runs for those stocks which do successfully =
breakout.  For those concerned about sell signals, I think the current M =
dictates tighter rules (stops, etc.) than in a confirmed bull M.

  Any thoughts?


  Chuck Layne

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<DIV><FONT face=3DArial size=3D2>Chuck&nbsp;&nbsp;&nbsp;&nbsp; Someone =
told me=20
(&nbsp; and this was many moons ago&nbsp; )&nbsp; that he looked at =
where the=20
mkt's are now vs 5 weeks prior and has the movement in the last week =
been=20
positive or negative and he wanted to see a + 2% move. So where are=20
we?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>8=20
July&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;&nbsp;&nbsp;&nbsp;=20
5=20
August&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n=
bsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
12 August</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Dow=20
9223&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;&nbsp;=20
9036&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;=20
9310</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>S&amp;P=20
1007&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;&nbsp;&nbsp;&nbsp;=20
965&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;=20
990</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>NAS=20
1746&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;&nbsp;&nbsp;&nbsp;&nbsp;1673&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n=
bsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;=20
1687</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>So for 5 wk's&nbsp; Dow up&nbsp; and =
S&amp;P NAS=20
down&nbsp; 1wk all 3 have positive movement. But I'm waiting to add new=20
positions until all 3 have positive 5 wk performance. just my=20
thoughts</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Chas</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=3Dlelayne@earthlink.net =
href=3D"mailto:lelayne@earthlink.net">Charles=20
  &amp; Lois Layne</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 Forum</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, August 12, 2003 =
10:28=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Market</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>Regardless of the tools used - =
technical and=20
  fundamental - the big market picture is always appropriate.&nbsp; =
Where is the=20
  market currently?</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>My opinion is that we're in one of =
those points=20
  between the bear and the bull.&nbsp; I think that sentiment has been =
turning=20
  bullish for awhile.&nbsp; I base that on nothing scientific, just =
personal=20
  observation and feel.&nbsp; Over the past few months, we have seen =
some fairly=20
  bad news that the market has managed to get over quickly.&nbsp; The M =
reaction=20
  has not been as punishing lately.&nbsp; Contrast this with the M=20
  conditions&nbsp;of the past 2 to 3 years.&nbsp; Even good news =
received=20
  withering M punishment much of the time as stock after stock hit the=20
  skids.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>But the M is not exuberantly bullish =
now,=20
  either.&nbsp; Still a great deal of caution and concern.&nbsp; Nothing =
much in=20
  the way of euphoria.&nbsp; And a lot of real uncertainties out there =
with=20
  uncertain terrorist activity, uncertain economic policies, and =
uncertain=20
  international conditions.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>I think that this significantly =
weighs on CANSLIM=20
  and other disciplines.&nbsp; WON is clear:&nbsp;CANSLIM is a bull M=20
  discipline.&nbsp; M conditions now are likely to result in more than =
average=20
  failed breakouts, or truncated runs for those stocks which do =
successfully=20
  breakout.&nbsp; For those concerned about sell signals, I think the =
current M=20
  dictates tighter rules (stops, etc.) than in a confirmed bull =
M.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>Any thoughts?</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>Chuck Layne</FONT></DIV>
  <DIV>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>

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