From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1061 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Friday, December 8 2000 Volume 02 : Number 1061 In this issue: RE: [CANSLIM] Being the Grinch? Re: [CANSLIM] Being the Grinch? Re: [CANSLIM] Being the Grinch? Re: BigEasy(was [CANSLIM] Being the Grinch?) [CANSLIM] WATCH LIST Re: [CANSLIM] WATCH LIST Re: [CANSLIM] Fwd: Web Site Updated ---------------------------------------------------------------------- Date: Wed, 6 Dec 2000 16:40:05 -0500 From: "David Squires" Subject: RE: [CANSLIM] Being the Grinch? I would agree the Lowrisk survey is mostly individuals. The Investor's Intelligence numbers come from a survey of 130 newsletter writers. Some of these guys manage money so I agreed on your second point too. Ameritrade has another sentiment indicator that I have begun to follow thanks to Cede Moses. If you record the numbers daily it is very interesting. This is definitely an individual investor number. http://www.ameritradeindex.com/learn_more.html While on the subject of sentiment I should mention Rydex Asset levels as an indicator. Watching the asset levels of the Rydex long, short and money market funds is a good contrary indicator. For example, if you have high money market assets, high Ursa assets and relatively low Nova assets that would be bullish and visa versa. Currently, the Rydex OTC has 25 times more money in it than the Arkos(short OTC) fund but money market funds are pretty high so the picture is not that clear. Good Trading, DSquires > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bill Triffet > Sent: Wednesday, December 06, 2000 3:38 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Being the Grinch? > > > Perhaps the lowrisk site represents more of the individual trader > sentiments > where as the Investors Intelligence numbers are institutionals? I could be > wrong though. > > -Bill > > > ----- Original Message ----- > From: "David Squires" > To: > Sent: Wednesday, December 06, 2000 9:13 AM > Subject: RE: [CANSLIM] Being the Grinch? > > > > > > > > It is worth noting the numbers from the two other bullish consensus > surveys. > > > > Market Vane Bulls: 27 (< 35 bullish, > 70 bearish) > > > > Consensus Bulls: 36 (< 25 Bullish, > 80 Bearish) > > > > While these numbers are more volatile they signal a large amount of > > bearishness and suggest at least rally. > > > > BTW, this weeks Investor Intelligence numbers didn't change much. > > > > Bulls - 54.6 > > Bears - 30.6 > > Correction - 14.8 > > > > > > Lastly, lowrisk.com has a sentiment survey that has been an excellent > > contrary indicator the past few years. They even give you free data for > the > > last 3 years! > > http://lowrisk.com/sentiment.htm > > > > > > Good Trading, > > DSquires > > > > > > > > - > - - ------------------------------ Date: Wed, 6 Dec 2000 15:14:58 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] Being the Grinch? Didn't know about this link. Thanks for the info. Interesting that of the top 10 daily buys list, 4 of them are on the top daily sells. Must be a lot of pseudo day traders there eh? (g) - -Bill - ----- Original Message ----- From: "David Squires" To: Sent: Wednesday, December 06, 2000 1:40 PM Subject: RE: [CANSLIM] Being the Grinch? >Ameritrade has > another sentiment indicator that I have begun to follow thanks to Cede > Moses. If you record the numbers daily it is very interesting. This is > definitely an individual investor number. > > http://www.ameritradeindex.com/learn_more.html > - - ------------------------------ Date: Wed, 6 Dec 2000 17:34:43 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] Being the Grinch? On 6 Dec 00, at 12:02, asosis@ca.ibm.com wrote: > I have not been very successful ? have not gone anywhere in the last 11 > months. At times it is very discouraging, but I try to remind myself that > my goal at present is to minimize tuition costs and to stay in the game > long enough to be able to profit from the knowledge I accumulate through my > failures. I haven't gone anywhere either, but consider it something of a success that I am only flat for the last 6 months or so. Its been a tough market (obviously) so there are some periods where you just aren't going to be able to make money so don't think it is always like this. - - ------------------------------ Date: Wed, 6 Dec 2000 22:47:54 -0600 From: "walter nusbaum" Subject: Re: BigEasy(was [CANSLIM] Being the Grinch?) - ----- Original Message ----- From: To: Sent: Wednesday, December 06, 2000 12:10 PM Subject: Re: [CANSLIM] Being the Grinch? > > Thank you! > > what site do you use to collect this data? > I use bigcharts.com (market page) but they have two drawbacks: > 1. They account for aftermarket activity so the numbers you get at 4pm are > different from the numbers you get at 10pm > 2. They do not have hisorical data, so if you miss a day you have no way > to recover that data. > > Anna (SNIP) Anna, You might want to take a look at www.bigeasyinvestor.com. Its a free investing program with free daily downloads. . Best wishes, Walt - - ------------------------------ Date: Thu, 07 Dec 2000 04:00:28 -0600 From: Kent Norman Subject: [CANSLIM] WATCH LIST Here are the stock I am watching. ACS BNKU CVTY DSL DST TCB XRAY IGT IMC SLE UHS UNH Kent - - ------------------------------ Date: 7 Dec 2000 06:36:54 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] WATCH LIST Dunno about the rest of your list, but CVTY made a nice run these past few weeks. I sold half mine in anticipation of the coming bull for techs, when I think the HMOs will settle back into their bases. The time to be watching CVTY was back in the end of October when it broke out from that nice base. At 04:00 AM 12/7/00 -0600, you wrote: >Here are the stock I am watching. > >ACS BNKU CVTY DSL DST TCB XRAY IGT IMC SLE UHS UNH > >Kent > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Fri, 08 Dec 2000 12:07:05 -0500 From: "can slim" Subject: Re: [CANSLIM] Fwd: Web Site Updated It is not a joke, try this: Give this a try - it only takes 10 seconds . National Discount Brokers 1. Dial 1-800-888-3999 (it's free) 2. Listen to all of the options 3. After hearing the 7th option - hit 7 Every company should have an option 7. >From: "Tim Fisher" >Reply-To: canslim@lists.xmission.com >To: canslim@mail.xmission.com >CC: doublejfish@webtv.net >Subject: [CANSLIM] Fwd: Web Site Updated >Date: 2 Dec 2000 08:06:24 -0800 > > >>Ianforum.com - http://www.ianforum.com >> >>wwww.ianforum.com/markets.htm >> >>The Nasdaq lost another 259 points last week to stay well below critical >>support. The Friday after Thanksgiving rally, which tried to continue >>into Monday, was a head fake. I am going to disregard the political >>uncertainty, which may or may not be a contributing factor to this painful >>market decline, and concentrate on the technical aspects of the Nasdaq. I >>am looking for positives for the Nasdaq, but I don't see many yet. >> >>This is way I see it: >> >>1. The moving averages are showing no signs of turning up, and the 200 DMA >>is continuing its acceleration to the downside. >> >>2. Volume was extremely heavy on Thursday, which sometimes signals a >>volume climax to downside. >> >>3. The Nasdaq gapped open Friday, but could not holds its gains on heavy >>volume. Had Friday been a strong day to the upside, the combination of >>heavy volume on Thursday, plus a gap open on Friday with a strong follow >>through would have been a nice bottom pattern. Instead, the Nasdaq closed >>where it opened, showing lack of conviction. >> >>4. The short term trend line will not be broken until it reaches the 2850 >>area, the intermediate at 3175, and the long term at 3750. It currently >>is at 2645, so we have a long way to go. >> >>5. The New High Low and Advance Decline lines are a disaster. >> >>6. There is no leadership in any tech area. When Steel Specialty leads >>the 3 week RS chart, we know High Growth Stocks are out of favor. >> >>7. The Coppock is continuing down on increasing volume. >> >>8. In the bottom chart, the both Accumulation/Distribution Indicators are >>below the 0 line and are showing little, if any, signs of accumulation. >> >>9. My Defensive Stocks Surrogate is still strong. This is a negative for >>HGS stocks. >> >>10. The only positive I see is that people are talking about the market at >>the Christmas Parties I have attended. They are scared, but have not yet >>dumped their positions. Also, the local TV station's lead story was about >>the markets after Thursday's big sell off. They never report on the >>financial markets except to give a few local stock quotes. >> >>Maybe the bottom is near. I hope to have a more positive report next >>week.. >> >>Have a good week. >> >>Ron > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > _____________________________________________________________________________________ Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com - - ------------------------------ End of canslim-digest V2 #1061 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.