From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2087 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 Monday, January 28 2002 Volume 02 : Number 2087 In this issue: Re: [CANSLIM] test - it's too quiet! Re: [CANSLIM] Some Insight [CANSLIM] Acc/Dis Numbers -- Market in correction Re: [CANSLIM] test - it's too quiet! RE: [CANSLIM] Some Insight Burn Video To DVD Re: [CANSLIM] DFXI vs. JEC--Faulty handle? Re: [CANSLIM] Worley's Weekend Weeview ---------------------------------------------------------------------- Date: Sun, 27 Jan 2002 17:56:27 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] test - it's too quiet! I don't know, I got most of my work done yesterday and this morning, and only here during halftime! Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: "Steve F" To: Sent: Sunday, January 27, 2002 5:16 PM Subject: Re: [CANSLIM] test - it's too quiet! > > I am lurking as usual, and this is just to let you > know also find today oddly quiet. > > Football playoffs can't be that significant. > > __________________________________________________ > Do You Yahoo!? > Great stuff seeking new owners in Yahoo! Auctions! > http://auctions.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 27 Jan 2002 18:18:16 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Some Insight Bert, wait a minute, you went from being a diemaker (and successfully selling the business) to being a computer OS techie, and you're worried about how to learn to use CANSLIM?? I think you are underestimating yourself. Step One: read HTMMIS (Wm O'Neil's How To Make Money In Stocks). Unfortunately publication of the 3rd edition is still delayed, so you have to settle for 2nd edition. Step Two: read WON's 24 lessons, which updates HTMMIS Step Three: recognize that IBD did not invent CANSLIM, WON did. Of course, he is the founder of IBD as well as Daily Graphs / Daily Graphs Online (DG/DGO). I looked at my first copy this weekend of IBD in several years, and was amused how they word things to make it sound like CANSLIM investing is all their idea. No matter that CANSLIM was around about 20 years before the first copy of Investor's Daily (predecessor to IBD) was ever printed. Step Four: decide if you simply want to follow the markets, which is what you are doing by using IBD or a monthly screen such as you mention at AAII, or if you want to be more dynamically involved on a day by day or week by week basis. Step Five: If at this point in your life, you really don't want to have to learn a new skill (how to find, choose, time stocks all on your own, but with help from this group, of course) then consider just using mutual funds. There are more funds available today than stocks, I believe, so there is ultimately something to suit everyone. And for those that don't want to specialize, there are hedge funds, and funds that simply match the major indexes. FWIW, Bert, I will be 55 this year and still working and learning. I have been involved in, and employed by, the securities industry for the past 14 years. I have been using CANSLIM for over 12 years, and for the past 5 years or so, nothing but CANSLIM. And I am still learning (and sometimes having to relearn) every day. If you have not already done Steps One and Two, I would suggest doing that before you make any other decisions. In my 40 years of investing, I think I have tried just about everything, and nothing consistently made sense until I first read HTMMIS. After that, a lot I had seen or had happen to me started to make more sense. Good luck, we're here to help if you want to pursue an education in CANSLIM. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: "Bert Pesak" To: Sent: Sunday, January 27, 2002 3:29 PM Subject: [CANSLIM] Some Insight > Hello Gail & Tom, > > First, I appreciate both of your responses. > > Gail, I looked at your fund parlay quickly. I like the apparent simplicity > of it. I do not have the opportunity to swap funds on a daily basis as you > do, so your parlay is could not be part of my process. > > One of the things I do not want to do is to keep looking for new theories on > stock picking. I have spent the 14 years listening to various analysts, > news letters (Michael Murphy, Louis Rukeyser, The Chartist, friends) and > find that when the market is booming they all do pretty well. None of them > were able to see the bust, which I have been waiting for since 1990 (my > naturally pessimistic personality) nor were they able to be realistic about > the depth or longevity of the fall. > > I have been a member of AAII since 1996 and find their monthly magazine very > worthwhile. They also have a good website. They have screening programs > that emulate many stock picking theories including CANSLIM. Canslim shows > about a 270% increase for the last 4 years. Another one that is very good > is the Martin Zweig screen, up 299%. I am tracking both portfolios on the > AAII website. The screen are done on a monthly basis at the end of the > month, and adjustments are made on the next screening or when a stock should > be sold because of meeting a certain parameter (like falling 8%). > > My background is: 64 years old, in my first life I owned a small metal > stamping & die making shop ( I was the Diemaker) for 23 years. I sold the > business in 1988. In my 2nd life I went into the computer world, PC > operating systems were my specialty, Starting in 1978 with Northstar dos, > CPM, TurboDos, MS-DOS, Windows, Novell, and ending with NT. I am basically > a techie, with some people skills. I received a quick lesson in 1989 on how > to use the IBD newspaper and then went off on various tangents. I have come > full circle and find myself back at the IBD Canslim theory. > > My dilemma is how do I get the necessary skills and then make use of them in > the time I can allocate for investing. I have subscribed to IBD and use > their website. I check their screens every day looking for stocks to watch > and found myself getting emotionally carried away. I bought TRR, UTSI, CACI > and proceeded to $1500 in a week. I sold when they dropped 8%, one fell so > fast it cost me 12%. > > So here I am folks, any help would be much appreciated. > > Bert Pesak > bpesak@ct1.nai.net > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 27 Jan 2002 17:57:12 -0500 From: Robert Subject: [CANSLIM] Acc/Dis Numbers -- Market in correction - ------ =_NextPart_000_01C1A75C.0CF076C0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Hello everyone. Here are the latest Acc/Dis numbers: spread sheet version Date,A,B,C,D,E,% of AB/A:E,%E,Market Posture 1/14/02,1063,2508,1123,665,188,64%,3%,Market stable 1/15/02,1016,2499,1136,691,202,63%,4%,Market stable 1/16/02,928,2439,1172,764,217,61%,4%,Market in correction 1/17/02,926,2481,1138,766,217,62%,4%,Market in correction 1/18/02,847,2391,1193,840,241,59%,4%,Market in correction 1/22/02,869,2407,1193,825,235,59%,4%,Market in correction 1/23/02,815,2380,1213,856,256,58%,5%,Market in correction 1/24/02,770,2332,1222,897,273,56%,5%,Market in correction 1/25/02,823,2401,1163,845,270,59%,5%,Market in correction 1/28/02,850,2414,1142,837,272,59%,5%,Market in correction Robert - ------ =_NextPart_000_01C1A75C.0CF076C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 27 Jan 2002 20:11:34 -0600 From: "Rich W" Subject: Re: [CANSLIM] test - it's too quiet! GO RAMS,WHAT A GAME ON TO THE SUPER BOWL - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 27 Jan 2002 20:17:01 -0600 From: "John Adair" Subject: RE: [CANSLIM] Some Insight Hi Bert Been there done that and am in about the same boat. You did not mention Tharp in your list. If you had Van K Tharp to your list " Trade your way to financial freedom" at least your losses would be smaller. I attended a lecture Saturday by our Katherine( on this board). She uses vector vest to filter first then canslim with 70 RS as a lower point to start . She uses technicals to sell. If you are interested in a copy of her lecture (3 hours and very good) you might g et Gene on this board to send you a copy of her lecture. I think the best you may expect now is to study and develop a system for when this bear market is over. For now take up golf. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Bert Pesak Sent: Sunday, January 27, 2002 2:30 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Some Insight Hello Gail & Tom, First, I appreciate both of your responses. Gail, I looked at your fund parlay quickly. I like the apparent simplicity of it. I do not have the opportunity to swap funds on a daily basis as you do, so your parlay is could not be part of my process. One of the things I do not want to do is to keep looking for new theories on stock picking. I have spent the 14 years listening to various analysts, news letters (Michael Murphy, Louis Rukeyser, The Chartist, friends) and find that when the market is booming they all do pretty well. None of them were able to see the bust, which I have been waiting for since 1990 (my naturally pessimistic personality) nor were they able to be realistic about the depth or longevity of the fall. I have been a member of AAII since 1996 and find their monthly magazine very worthwhile. They also have a good website. They have screening programs that emulate many stock picking theories including CANSLIM. Canslim shows about a 270% increase for the last 4 years. Another one that is very good is the Martin Zweig screen, up 299%. I am tracking both portfolios on the AAII website. The screen are done on a monthly basis at the end of the month, and adjustments are made on the next screening or when a stock should be sold because of meeting a certain parameter (like falling 8%). My background is: 64 years old, in my first life I owned a small metal stamping & die making shop ( I was the Diemaker) for 23 years. I sold the business in 1988. In my 2nd life I went into the computer world, PC operating systems were my specialty, Starting in 1978 with Northstar dos, CPM, TurboDos, MS-DOS, Windows, Novell, and ending with NT. I am basically a techie, with some people skills. I received a quick lesson in 1989 on how to use the IBD newspaper and then went off on various tangents. I have come full circle and find myself back at the IBD Canslim theory. My dilemma is how do I get the necessary skills and then make use of them in the time I can allocate for investing. I have subscribed to IBD and use their website. I check their screens every day looking for stocks to watch and found myself getting emotionally carried away. I bought TRR, UTSI, CACI and proceeded to $1500 in a week. I sold when they dropped 8%, one fell so fast it cost me 12%. So here I am folks, any help would be much appreciated. Bert Pesak bpesak@ct1.nai.net - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: X-OriginalArrivalTime: 27 Jan 2002 23:54:03.0250 (UTC) FILETIME=[E5E80520:01C1A78D] From: "" Subject: Burn Video To DVD - ------=_NextPart_2674_13804_5A7A.736578020382 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: 8bit DVD Copy Utility

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- ------=_NextPart_2674_13804_5A7A.736578020382-- ------------------------------ Date: Mon, 28 Jan 2002 06:17:38 +0000 From: "stock oper8or" Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? My take is that the answer to both of your muses is yes. This is a terrible market for leaders. And the loose action of this stock makes it suspect on its own. But despite both, it seems to want to hang in there. The best that could happen is for this chart to tighten up in price, dry up in volume, form a high handle in here, then break out for good. (But Santa Clause has been gone for a month now!) >From: "Katherine Malm" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? >Date: Fri, 25 Jan 2002 08:17:42 -0600 > >Hi stockoper8or, > >When I wrote my note mid-day, DFXI had a tail. Looks like it ended midrange >after dropping a bit more after my note. Interesting action. I suspect in a >stronger market it would have been up and out of here by now. I wonder if >the zig zag handle that started it all was a sign of market iffiness or a >sign of stock iffiness. Just one for the "I wonder" pile of thoughts! > >Katherine > ----- Original Message ----- > From: stock oper8or > To: canslim@lists.xmission.com > Sent: Friday, January 25, 2002 1:34 AM > Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? > > > Never heard a reversal called a tail before but I like it. The loose >action > of this stock's price and volume in addition to today's high volume >minor > reversal is a bit of a negative. It almost had an outside day (higher >high > and lower low than prior day) as well, but at least it did not close >near > its low. If it had, it would have been a signal to sell at least part >of > one's position. But as you say, as long as it holds that $32 support > area... > > > >From: "Katherine Malm" > >Reply-To: canslim@lists.xmission.com > >To: > >Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? > >Date: Thu, 24 Jan 2002 12:58:19 -0600 > > > >Thanks stockoper8or and Tom for your input. > > > >I am watching DFXI with great interest as a "case study." The last >couple > >of days seemed to indicate strength as the stock bounced again off the > >pivot. Today, however, the action is forming the dreaded tail on fairly > >high volume. Will be interesting to see how it plays out. > > > >Katherine > > ----- Original Message ----- > > From: stock oper8or > > To: canslim@lists.xmission.com > > Sent: Monday, January 21, 2002 6:34 PM > > Subject: Re: [CANSLIM] DFXI vs. JEC--Faulty handle? > > > > > > I thought DFXI looked somewhat sloppy in the handle but not enough >to > > preculde its purchase: There were 5 down days on above average >volume, > >the > > pattern was wide and loose, never really formed a downward wedge and >the > > volume did not really "dry up". One of the best indicators of a >chart's > > quality is its weekly chart. I believe you want to see what looks >like > >a > > real handle in the weekly chart. On the weekly of DFXI you can see >the > >wide > > action of the handle and it never really looked like a classic >handle, > >but > > more like a pennant or triangle. > > > > Neverthess the breakout was very strong, gapping out on more than >double > > average daily volume. It could be argued that the strength of the > >breakout > > outweighed the imperfect action in the handle. All in all, this was >not > >a > > perfect chart but was probably worth buying as it had such strong > >qualities > > other than the non-ideal price-volume action in the handle. While >it > >has > > given back all its gains plus a little bit, it is still holding >right in > >the > > pivot area. If it holds at the lows of the past 2 days, I would say >it > >is > > worth holding. If I owned it (which I don't), I would put my stop > >pretty > > close to those intraday lows. > > > > By comparison JEC (during October) was so wide and loose that even > >though > > it's "handle?" was downward sloping and the volume did dry up from >Oct > > 18-20, the action was just not constructive whatsoever. There was >as > >much > > or more down volume as up volume coming up the right side and the >stock > >had > > multiple intraday reversals on above average volume. When it did >try to > > "break out" the volume barely exceeded average. This was definitely >not > >a > > buy by any stretch of the imagination. > > > > > > >From: "Katherine Malm" > > >Reply-To: canslim@lists.xmission.com > > >To: > > >Subject: [CANSLIM] DFXI vs. JEC--Faulty handle? > > >Date: Sun, 20 Jan 2002 07:50:53 -0600 > > > > > >DFXI's chart has been bothering me for some time. An Investor's >Corner > > >article dated 12/17/01 used JEC as an example of a "zig-zag" faulty > >handle. > > >What do you think, could DFXI have the same faulty handle? > > > > > >http://WallStreet-LLC.com/pub/DFXI_011802.jpg > > >http://WallStreet-LLC.com/pub/JEC_011802.jpg > > > > > >Katherine > > > > > > _________________________________________________________________ > > Send and receive Hotmail on your mobile device: >http://mobile.msn.com > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > _________________________________________________________________ > MSN Photos is the easiest way to share and print your photos: > http://photos.msn.com/support/worldwide.aspx > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________ Chat with friends online, try MSN Messenger: http://messenger.msn.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 28 Jan 2002 08:08:07 -0500 From: "Ben Chilcote" Subject: Re: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_005D_01C1A7D2.EB0293F0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_005E_01C1A7D2.EB0293F0" - ------=_NextPart_001_005E_01C1A7D2.EB0293F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, Enjoyed reading your Weekned Weeview. I looked at charts of all the = stocks in your watchlist and I have a question. What does LLUR stand = for? I can see from the charts that it is a stock the is slowly and = constistantly rising staying above the 50DMA. Also, where is the pivot = or buying point for these kinds of stocks? I had seen the chart of DLX = late last fall and was amazed recently to see it still following the = same pattern, so last week I bought some shares of DLX, hoping that the = trend will continue. I suppose this type of stock will not yield = amazing returns but hopefully a longterm steady return.=20 As a new member of the discussion group, I am enjoying reading and = learning from all the emails. Ben ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, January 26, 2002 9:23 AM Subject: [CANSLIM] Worley's Weekend Weeview LEAVE IT TO THE JAPANESE A Japanese toymaker (Takara Co. Ltd.) intends to begin building = electric cars. Not toys, real cars, that can be driven on the highway. = They also make karaoke systems, robots that open beer cans, and remote = operated cars for young adults. - -------------------------------------------------------------------------= - ----- LEADING INDICATORS Latest report (for Dec) shows 8 of the 10 components rising, overall = rate up 1.2%. This is the third monthly improvement (largest since = 1996), and combined with the 0.8% gain in Nov, is the largest two month = gain since 1992. Best indication from this is no Fed rate cut Jan 30. = Since expectation of another 25 basis point cut is already priced into = the market, this could be bad, but likely more than offset by an upbeat = Greenspan. Mr. Greenspan address to Congress on Thursday did clarify, as = some rumors suggest his words on Jan 11 were taken as more bearish and = concerned about the economy than he intended. The coincident indicators, = BTW, which measure current economic activity, reversed to the positive = in December, up 0.1% after a drop of 0.3% in November. Still, I am now = expecting the Q4 GDP will end up being a negative number, confirming = that we had (note the past tense) a recession.=20 - -------------------------------------------------------------------------= - ----- UNEMPLOYMENT While expectations continue that the overall rate will rise to 6% or = higher, it is worth noting that new claims continue to fall, and this = week once again were below expectations. The 4 week average, a more = reliable indicator, also dipped nearly to 400,000, and continuing claims = dropped by 50,000.=20 - -------------------------------------------------------------------------= - ----- UPCOMING INFLUENCES This week is full of some major economic reports, plus the meeting of = FOMC on Tue/Wed. Monday we get new home sales (industry remains very = strong, saw a lot of good looking stocks today), Tuesday is Consumer = Confidence and Durable Goods reports, Wednesday we get the first reading = on the GDP for Q4, Thursday we get the Personal Income and Spending = Report, and Friday we get the Employment Report for January. - -------------------------------------------------------------------------= - ----- WORLEY'S WATCHLIST WANNABEES Although the markets didn't seem to do much this week, the population = of stocks I am reviewing this week is growing. New highs continue to = substantially exceed new lows, and up/down volume seemed to be higher as = well. As always, Bx is my shorthand for a flat line "B"ase of "x" weeks = duration, IMO. Any larger basing pattern I see, such as a cup & handle, = double bottom, LLUR, etc., I will state. BBY - c&h, handle 5+ weeks on declining volume BVN - c&h, handle 2 weeks, vol still high, Peruvian firm CEDC - LLUR CRFT - B6 DKWD - volatile LLUR DLX - amazingly smooth LLUR even tho forecasts not great ELTE - didn't quite break the pivot on Friday on 2X ADV EME - nice double bottom, low forecasts, handle trending slightly up = on low volume, 5 weeks EUNI - what a wild ride, can't read the chart, strong forecasts, low = price FCN - LLUR, broke out to the high side of range on volume FHRX - former LLUR that broke pattern to downside, may now be c&h = w/rough 5 week handle FMAR - high handle to the cup, low price and volume FRED - LLUR GFF - LLUR HCBK - smooth ascent, not sure how to read it but strong earnings = forecast and 3 div increases in 3 qtrs HOV - nice 5 week high handle on a smooth cup, low forecast and latest = qtr down slightly HTRN - high handle on nice cup, good forecast IART - high side of trading range, volume dropping, strong forecast MDCI - B4, well under high but good forecast NLY - B4 PENN - high handle forming? PETM - nice LLUR PFGC - c&h, started b/o Friday, nearly 2X ADV but not past pivot of = 36.35 POSS - B4 RGIS - B4 RYAN - LLUR SCVL - c&h, high handle 3 weeks STSA - c&h, new handle, selling vol above avg but price holding TASR - B2, EPS only 55 but earnings forecast 227% URBN - B5 WSH - tight B9 despite doing a secondary offering soon after the IPO WTSLA - B2 Happy Hunting, Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_001_005E_01C1A7D2.EB0293F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
Enjoyed reading your Weekned = Weeview.  I=20 looked at charts of all the stocks in your watchlist and I have a=20 question.  What does LLUR stand for?  I can see from the = charts that=20 it is a stock the is slowly and constistantly rising staying above the=20 50DMA.  Also, where is the pivot or buying point for these kinds of = stocks?  I had seen the chart of DLX late last fall and was amazed = recently=20 to see it still following the same pattern, so last week I bought some = shares of=20 DLX, hoping that the trend will continue.  I suppose this type of = stock=20 will not yield amazing returns but hopefully a longterm steady return.=20
 
As a new member of the discussion = group, I am=20 enjoying reading and learning from all the emails.
Ben
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Saturday, January 26, = 2002 9:23=20 AM
Subject: [CANSLIM] Worley's = Weekend=20 Weeview

LEAVE IT TO THE = JAPANESE
A Japanese toymaker (Takara Co. Ltd.) intends = to begin=20 building electric cars. Not toys, real cars, that can be driven on the = highway. They also make karaoke systems, robots that open beer cans, = and=20 remote operated cars for young adults.
LEADING INDICATORS
Latest report (for Dec) shows 8 of the 10 components rising, = overall rate=20 up 1.2%. This is the third monthly improvement (largest since 1996), = and=20 combined with the 0.8% gain in Nov, is the largest two month gain = since 1992.=20 Best indication from this is no Fed rate cut Jan 30. Since expectation = of=20 another 25 basis point cut is already priced into the market, this = could be=20 bad, but likely more than offset by an upbeat Greenspan. Mr. Greenspan = address=20 to Congress on Thursday did clarify, as some rumors suggest his=20 words on Jan 11 were taken as more bearish and concerned = about the=20 economy than he intended. The coincident indicators, BTW, which = measure=20 current economic activity, reversed to the positive in December, up = 0.1% after=20 a drop of 0.3% in November. Still, I am now expecting the Q4 GDP will = end up=20 being a negative number, confirming that we had (note the past tense) = a=20 recession.=20
UNEMPLOYMENT
While expectations continue that the overall rate will rise to 6% = or=20 higher, it is worth noting that new claims continue to fall, and this = week=20 once again were below expectations. The 4 week average, a more = reliable=20 indicator, also dipped nearly to 400,000, and continuing claims = dropped by=20 50,000.
UPCOMING INFLUENCES
This week is full of some major economic reports, plus the = meeting of=20 FOMC on Tue/Wed. Monday we get new home sales (industry remains very = strong,=20 saw a lot of good looking stocks today), Tuesday is Consumer = Confidence and=20 Durable Goods reports, Wednesday we get the first reading on the GDP = for Q4,=20 Thursday we get the Personal Income and Spending Report, and Friday we = get the=20 Employment Report for January.
WORLEY'S WATCHLIST WANNABEES
Although the markets didn't seem to do much this week, the = population of=20 stocks I am reviewing this week is growing. New highs continue to=20 substantially exceed new lows, and up/down volume seemed to be higher = as=20 well.
 
As always, Bx is my shorthand for a flat line "B"ase of "x" weeks = duration, IMO. Any larger basing pattern I see, such as a cup & = handle,=20 double bottom, LLUR, etc., I will state.
 
BBY - c&h, handle 5+ weeks on declining volume
BVN - c&h, handle 2 weeks, vol still high, Peruvian = firm
CEDC - LLUR
CRFT - B6
DKWD - volatile LLUR
DLX - amazingly smooth LLUR even tho forecasts not great
ELTE - didn't quite break the pivot on Friday on 2X ADV
EME - nice double bottom, low forecasts, handle trending slightly = up on=20 low volume, 5 weeks
EUNI - what a wild ride, can't read the chart, strong forecasts, = low=20 price
FCN - LLUR, broke out to the high side of range on volume
FHRX - former LLUR that broke pattern to downside, may now be = c&h=20 w/rough 5 week handle
FMAR - high handle to the cup, low price and volume
FRED - LLUR
GFF - LLUR
HCBK - smooth ascent, not sure how to read it but strong earnings = forecast and 3 div increases in 3 qtrs
HOV - nice 5 week high handle on a smooth cup, low forecast and = latest=20 qtr down slightly
HTRN - high handle on nice cup, good forecast
IART - high side of trading range, volume dropping, strong = forecast
MDCI - B4, well under high but good forecast
NLY - B4
PENN - high handle forming?
PETM - nice LLUR
PFGC - c&h, started b/o Friday, nearly 2X ADV but not past = pivot of=20 36.35
POSS - B4
RGIS - B4
RYAN - LLUR
SCVL - c&h, high handle 3 weeks
STSA - c&h, new handle, selling vol above avg but price = holding
TASR - B2, EPS only 55 but earnings forecast 227%
URBN - B5
WSH - tight B9 despite doing a secondary offering soon after the=20 IPO
WTSLA - B2
 
Happy Hunting,
 
3D""
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
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