From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2233 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 Sunday, March 24 2002 Volume 02 : Number 2233 In this issue: RE: [CANSLIM] Worley's Weekend Weeview [CANSLIM] gold rally Re: [CANSLIM] gold rally Re: [CANSLIM] gold rally [CANSLIM] more gold [CANSLIM] more gold Re: [CANSLIM] gold rally Re: [CANSLIM] gold rally ---------------------------------------------------------------------- Date: Sat, 23 Mar 2002 22:32:38 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] Worley's Weekend Weeview This is a multi-part message in MIME format. - ------=_NextPart_000_0067_01C1D2BA.A3414BC0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_0068_01C1D2BA.A3414BC0" - ------=_NextPart_001_0068_01C1D2BA.A3414BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Tom, Totally agree with you on HP/CPQ merger. While management is focussing on the merger, IBM and DELL will eat their lunch. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Saturday, March 23, 2002 12:35 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Worley's Weekend Weeview FOMC The Feds met on Tuesday, and as expected shifted the bias from recession fighting to neutral. Nonetheless, there was still the 10% that hadn't got the word, or refused to believe the signs, and sold as if this news was a surprise. I have already seen considerable talk of the Feds beginning to raise rates as early as the May meeting, but so far see little evidence to support this. While rate hikes may happen before the end of 2002, I see no reason to believe they will start until after the June meeting, at the earliest. Now, if they shifted all the way to inflation fighting, THAT would have been a surprise. We're still recovering from a recession, the Feds won't upset the apple cart, at least not yet. - ---------------------------------------------------------------------------- - -- HWP / CPQ Gee, this is almost like a Presidential election in Florida. HP claims victory, will own Compaq, with a 0.5% victory margin. Walter Hewlett, leading the HP family's opposition to the merger, says a recount will turn victory into defeat for HP's management. Love those hanging chaffs, let's turn a boring merger vote into front page news, and keep it there for a few days, or even a few weeks. Of course, no one has yet figured out whether this "merger of giants" will actually allow them to: a) compete against IBM; b) achieve any synergy of customer base; c) achieve any production efficiency or cost savings; d) build a better product that can compete better in either the printer or PC box market. - ---------------------------------------------------------------------------- - -- TRADE DEFICIT Widened again, to $28.5 billion, up 15% from December. Year 2001 was the first annual decline in six years, but rising price of oil will likely weaken Q1 GDP. - ---------------------------------------------------------------------------- - -- ECONOMICS New housing starts jumped 2.8% in February, biggest gain in over three years and well above expectations. Single family home construction jumped 7.4%, biggest gain in over 23 years. Building permits also rose 1.8% and over expectations. CPI - Index rose 0.2% overall as expected, but the core rose 0.3%, slightly over expectations. NEW UNEMPLOYMENT CLAIMS - Fell to 371K from a revised 383K, expected was 375K. This continues to support the view that the economy is stronger, and recovering faster, that the Feds perceive, and could lead to rate hikes sooner rather than later. LEADING INDICATORS - Unchanged, expected was a rise of 0.1 - ---------------------------------------------------------------------------- - -- WORLEY'S WATCHLIST WANNABES Population of stocks under review this weekend somewhat reduced. As always, a "Bx" means a flat line "B"ase of "x" weeks duration, IMO. I will mention other specific formations, such as c&h, double bottom and LLUR. AAON - stealth (low vol) b/o from B3 ACDO - 7 week consolidation base, huge earnings growth and 5 year rate ACS - decent c&h for a former LLUR AVD - LLUR, may be breaking its pattern upward DCOM - LLUR DLX - LLUR FRED - volatile LLUR FRS - B4 NWRE - B2, low priced micro cap ODP - B5+ PENN - B4 PETM - LLUR PSTI - B3, in my VR Fund SYPR - 10 week consolidation, in my VR Fund TASR - volatile 10 week consolidation base, in my VR Fund Happy Hunting, Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_001_0068_01C1D2BA.A3414BC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
Totally agree with you on HP/CPQ merger. = While=20 management is focussing on the merger, IBM and DELL will eat their=20 lunch.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Saturday, March 23, 2002 12:35 PM
To: = canslim@lists.xmission.com
Subject: [CANSLIM] Worley's = Weekend=20 Weeview

FOMC
The Feds met on Tuesday, and as expected = shifted the=20 bias from recession fighting to neutral. Nonetheless, there was still = the 10%=20 that hadn't got the word, or refused to believe the signs, and sold as = if this=20 news was a surprise. I have already seen considerable talk of the Feds = beginning to raise rates as early as the May meeting, but so far see = little=20 evidence to support this. While rate hikes may happen before the end = of 2002,=20 I see no reason to believe they will start until after the June = meeting, at=20 the earliest. Now, if they shifted all the way to inflation = fighting,=20 THAT would have been a surprise. We're still recovering from a = recession, the=20 Feds won't upset the apple cart, at least not yet.=20
HWP / CPQ
Gee, this is almost like a Presidential = election in=20 Florida. HP claims victory, will own Compaq, with a 0.5% victory = margin.=20 Walter Hewlett, leading the HP family's opposition to the merger, says = a=20 recount will turn victory into defeat for HP's management. Love those = hanging=20 chaffs, let's turn a boring merger vote into front page news, and keep = it=20 there for a few days, or even a few weeks. Of course, no one has yet = figured=20 out whether this "merger of giants" will actually allow them to: a) = compete=20 against IBM; b) achieve any synergy of customer base; c) achieve any=20 production efficiency or cost savings; d) build a better product that = can=20 compete better in either the printer or PC box market.
TRADE DEFICIT
Widened again, to $28.5 billion, up 15% from December. Year 2001 = was the=20 first annual decline in six years, but rising price of oil will likely = weaken=20 Q1 GDP.=20
ECONOMICS
New housing starts jumped 2.8% in February, = biggest gain=20 in over three years and well above expectations. Single family home=20 construction jumped 7.4%, biggest gain in over 23 years. Building = permits also=20 rose 1.8% and over expectations.
 
CPI - Index=20 rose 0.2% overall as expected, but the core rose 0.3%, slightly over=20 expectations.
 
NEW UNEMPLOYMENT CLAIMS - = Fell to 371K from a revised 383K, expected was 375K. This = continues=20 to support the view that the economy is stronger, and recovering = faster, that=20 the Feds perceive, and could lead to rate hikes sooner rather than=20 later.
 
LEADING INDICATORS - = Unchanged, expected was a rise of 0.1
WORLEY'S WATCHLIST=20 WANNABES
Population of stocks under review this weekend = somewhat=20 reduced. As always, a "Bx" means a flat line "B"ase of "x" weeks = duration,=20 IMO. I will mention other specific formations, such as c&h, double = bottom=20 and LLUR.
 
AAON - stealth (low vol) b/o from = B3
ACDO - 7 week consolidation base, huge = earnings growth=20 and 5 year rate
ACS - decent c&h for a former = LLUR
AVD - LLUR, may be breaking its pattern=20 upward
DCOM - LLUR
DLX - LLUR
FRED - volatile LLUR
FRS - B4
NWRE - B2, low priced micro cap
ODP - B5+
PENN - B4
PETM - LLUR
PSTI - B3, in my VR Fund
SYPR - 10 week consolidation, in my VR = Fund
TASR - volatile 10 week consolidation base, in = my VR=20 Fund
 
Happy Hunting,
 
 
3D""
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
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http://online.wsj.com/article/0,4286,SB101681858394244420= 0-gold,00.html?collection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%= 3E%28article%2Dbody%29
- ------=_NextPart_000_0005_01C1D314.C88D13A0-- - - - -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, 24 Mar 2002 09:27:55 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] gold rally This is a multi-part message in MIME format. - ------=_NextPart_000_008D_01C1D316.2DEDE070 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable sorry, Robert, the page is only available to subscribers. Perhaps you = could summarize? Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 9:17 AM Subject: [CANSLIM] gold rally http://online.wsj.com/article/0,4286,SB1016818583942444200-gold,00.html?c= ollection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%3E%28article%2Dbody%= 29 - ------=_NextPart_000_008D_01C1D316.2DEDE070 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
sorry, Robert, the page is only available to = subscribers.=20 Perhaps you could summarize?
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: Robert=20 McGill
Sent: Sunday, March 24, 2002 9:17 AM
Subject: [CANSLIM] gold rally

http://online.wsj.com/article/0,4286,SB101681858394244420= 0-gold,00.html?collection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%= 3E%28article%2Dbody%29
- ------=_NextPart_000_008D_01C1D316.2DEDE070-- - - - -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, 24 Mar 2002 10:03:07 -0500 From: "Robert McGill" Subject: Re: [CANSLIM] gold rally This is a multi-part message in MIME format. - ------=_NextPart_000_0009_01C1D31B.18A8ADD0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable 1. speculative fund buying triggered pre-placed purchase orders/buy = stops & generated further buying by funds. 2. expected participants in = gold trade to sell into gains, but instead pushed it higher egging funds = to continue adding to long positions. 3. weaker yen against dollar & = procrastination toward fighting deflation have rattled investor = confidence in Japan's banking system & spurred demand for gold. 4. = predominant influence was stop-loss buying @ 294-296 which we ran = through. 5. gains in gold mining equites cited as supportive of rally = as historically they are leading indicators for underlying commodity = price. 6. funds showed willingness to roll April contracts forward to = June futures instead of liquidating them, show trader confidence of = uptrend. 7. rally stopped at major resistance of 298. Possible = follow-through gains on Mon, but expected to test bottom of trading = range 294-298 before moving higher. 8. Move through 298 expectred to = target buy stops above 300. support for April now seen @ failed = resistance of 295. From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 9:27 AM Subject: Re: [CANSLIM] gold rally sorry, Robert, the page is only available to subscribers. Perhaps you = could summarize? Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 9:17 AM Subject: [CANSLIM] gold rally = http://online.wsj.com/article/0,4286,SB1016818583942444200-gold,00.html?c= ollection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%3E%28article%2Dbody%= 29 - ------=_NextPart_000_0009_01C1D31B.18A8ADD0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
1.  speculative fund buying = triggered=20 pre-placed purchase orders/buy stops & generated further buying by = funds.=20 2.  expected participants in gold trade to sell into gains, but = instead=20 pushed it higher egging funds to continue adding to long = positions. =20 3.  weaker yen against dollar & procrastination toward fighting = deflation have rattled investor = confidence in=20 Japan's banking system & spurred demand for gold.  4.  = predominant=20 influence was stop-loss buying @ 294-296 which we ran through.  = 5. =20 gains in gold mining equites cited as supportive of rally as = historically they=20 are leading indicators for underlying commodity price.  6.  = funds=20 showed willingness to roll April contracts forward to June futures = instead of=20 liquidating them, show trader confidence of uptrend.  7. rally = stopped at=20 major resistance of 298.  Possible follow-through gains on Mon, but = expected to test bottom of trading range 294-298 before moving = higher. =20 8.  Move through 298 expectred to target buy stops above 300.  = support=20 for April now seen @ failed resistance of 295.
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com=
Sent: Sunday, March 24, 2002 = 9:27=20 AM
Subject: Re: [CANSLIM] gold = rally

sorry, Robert, the page is only available to=20 subscribers. Perhaps you could summarize?
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: Robert=20 McGill
To: canslim@lists.xmission.com=
Sent: Sunday, March 24, 2002 9:17 AM
Subject: [CANSLIM] gold rally

http://online.wsj.com/article/0,4286,SB101681858394244420= 0-gold,00.html?collection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%= 3E%28article%2Dbody%29
- ------=_NextPart_000_0009_01C1D31B.18A8ADD0-- - - - -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, 24 Mar 2002 10:06:33 -0500 From: "Robert McGill" Subject: [CANSLIM] more gold This is a multi-part message in MIME format. - ------=_NextPart_000_0017_01C1D31B.93B169E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable http://www.futuresource.com/news/news.asp?story=3Di4237925858690269248 - ------=_NextPart_000_0017_01C1D31B.93B169E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
http://www.futuresource.com/news/news.asp?story=3Di423792585869026= 9248
- ------=_NextPart_000_0017_01C1D31B.93B169E0-- - - - -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, 24 Mar 2002 10:11:59 -0500 From: "Robert McGill" Subject: [CANSLIM] more gold This is a multi-part message in MIME format. - ------=_NextPart_000_001F_01C1D31C.558FB170 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable too much = info---http://www.futuresource.com/news/news.asp?story=3Di423806103871252= 0768 - ------=_NextPart_000_001F_01C1D31C.558FB170 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
too much=20 info---http://www.futuresource.com/news/news.asp?story=3Di423806103871252= 0768
- ------=_NextPart_000_001F_01C1D31C.558FB170-- - - - -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, 24 Mar 2002 10:12:40 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] gold rally This is a multi-part message in MIME format. - ------=_NextPart_000_00A1_01C1D31C.6DF82AD0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable thanks, Robert sounds like another sucker rally to me. Until the economy truly picks up = steam, there is unlikely to be any real consumption demand from = manufacturers for gold. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 10:03 AM Subject: Re: [CANSLIM] gold rally 1. speculative fund buying triggered pre-placed purchase orders/buy = stops & generated further buying by funds. 2. expected participants in = gold trade to sell into gains, but instead pushed it higher egging funds = to continue adding to long positions. 3. weaker yen against dollar & = procrastination toward fighting deflation have rattled investor = confidence in Japan's banking system & spurred demand for gold. 4. = predominant influence was stop-loss buying @ 294-296 which we ran = through. 5. gains in gold mining equites cited as supportive of rally = as historically they are leading indicators for underlying commodity = price. 6. funds showed willingness to roll April contracts forward to = June futures instead of liquidating them, show trader confidence of = uptrend. 7. rally stopped at major resistance of 298. Possible = follow-through gains on Mon, but expected to test bottom of trading = range 294-298 before moving higher. 8. Move through 298 expectred to = target buy stops above 300. support for April now seen @ failed = resistance of 295. From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 9:27 AM Subject: Re: [CANSLIM] gold rally sorry, Robert, the page is only available to subscribers. Perhaps you = could summarize? Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 9:17 AM Subject: [CANSLIM] gold rally = http://online.wsj.com/article/0,4286,SB1016818583942444200-gold,00.html?c= ollection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%3E%28article%2Dbody%= 29 - ------=_NextPart_000_00A1_01C1D31C.6DF82AD0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
thanks, Robert
 
sounds like another sucker rally to me. Until = the economy=20 truly picks up steam, there is unlikely to be any real consumption = demand from=20 manufacturers for gold.
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: Robert=20 McGill
Sent: Sunday, March 24, 2002 10:03 AM
Subject: Re: [CANSLIM] gold rally

1.  speculative fund buying = triggered=20 pre-placed purchase orders/buy stops & generated further buying by = funds.=20 2.  expected participants in gold trade to sell into gains, but = instead=20 pushed it higher egging funds to continue adding to long = positions. =20 3.  weaker yen against dollar & procrastination toward fighting = deflation have rattled investor = confidence in=20 Japan's banking system & spurred demand for gold.  4.  = predominant=20 influence was stop-loss buying @ 294-296 which we ran through.  = 5. =20 gains in gold mining equites cited as supportive of rally as = historically they=20 are leading indicators for underlying commodity price.  6.  = funds=20 showed willingness to roll April contracts forward to June futures = instead of=20 liquidating them, show trader confidence of uptrend.  7. rally = stopped at=20 major resistance of 298.  Possible follow-through gains on Mon, but = expected to test bottom of trading range 294-298 before moving = higher. =20 8.  Move through 298 expectred to target buy stops above 300.  = support=20 for April now seen @ failed resistance of 295.
From:=20 Tom=20 Worley
Sent: Sunday, March 24, 2002 = 9:27=20 AM
Subject: Re: [CANSLIM] gold = rally

sorry, Robert, the page is only available to=20 subscribers. Perhaps you could summarize?
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: Robert=20 McGill
Sent: Sunday, March 24, 2002 9:17 AM
Subject: [CANSLIM] gold rally

http://online.wsj.com/article/0,4286,SB101681858394244420= 0-gold,00.html?collection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%= 3E%28article%2Dbody%29
- ------=_NextPart_000_00A1_01C1D31C.6DF82AD0-- - - - -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, 24 Mar 2002 10:24:00 -0500 From: "Robert McGill" Subject: Re: [CANSLIM] gold rally This is a multi-part message in MIME format. - ------=_NextPart_000_003F_01C1D31E.036A9200 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I thought the same thing re economy picking up having ties to gold = demand but the rally over the last 12 mos or so has been very impressive = without this, and continues to be so. Go to clearstation and pull up = the recommend list of "goldtrader1". This guy has been kicking butt and = taking names and is the only person doing so. Pay particular attention = to his closed positions and lack of losses. The small cap value etfs = have been outperforming the small cap growth as would have been expected = in early stage recovery however this should change, only question is = when. Not too hard to follow though. When it does happen is when I = would expect canslim stocks to start sustaining moves, although I do = like MGAM @ this time. and still long IJS.----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 10:12 AM Subject: Re: [CANSLIM] gold rally thanks, Robert sounds like another sucker rally to me. Until the economy truly picks = up steam, there is unlikely to be any real consumption demand from = manufacturers for gold. Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 10:03 AM Subject: Re: [CANSLIM] gold rally 1. speculative fund buying triggered pre-placed purchase orders/buy = stops & generated further buying by funds. 2. expected participants in = gold trade to sell into gains, but instead pushed it higher egging funds = to continue adding to long positions. 3. weaker yen against dollar & = procrastination toward fighting deflation have rattled investor = confidence in Japan's banking system & spurred demand for gold. 4. = predominant influence was stop-loss buying @ 294-296 which we ran = through. 5. gains in gold mining equites cited as supportive of rally = as historically they are leading indicators for underlying commodity = price. 6. funds showed willingness to roll April contracts forward to = June futures instead of liquidating them, show trader confidence of = uptrend. 7. rally stopped at major resistance of 298. Possible = follow-through gains on Mon, but expected to test bottom of trading = range 294-298 before moving higher. 8. Move through 298 expectred to = target buy stops above 300. support for April now seen @ failed = resistance of 295. From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 9:27 AM Subject: Re: [CANSLIM] gold rally sorry, Robert, the page is only available to subscribers. Perhaps = you could summarize? Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 9:17 AM Subject: [CANSLIM] gold rally = http://online.wsj.com/article/0,4286,SB1016818583942444200-gold,00.html?c= ollection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%3E%28article%2Dbody%= 29 - ------=_NextPart_000_003F_01C1D31E.036A9200 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I thought the same thing re economy = picking up=20 having ties to gold demand but the rally over the last 12 mos or so has = been=20 very impressive without this, and continues to be so.  Go to=20 clearstation and pull up the recommend list of "goldtrader1".  This = guy has=20 been kicking butt and taking names and is the only person doing = so.  Pay=20 particular attention to his closed positions and lack of losses.  = The small=20 cap value etfs have been outperforming the small cap growth as would = have been=20 expected in early stage recovery however this should change, only = question is=20 when.  Not too hard to follow though.  When it does happen is = when I=20 would expect canslim stocks to start sustaining moves, although I do = like MGAM @=20 this time. and still long IJS.----- Original Message -----
From:=20 Tom=20 Worley
Sent: Sunday, March 24, 2002 = 10:12=20 AM
Subject: Re: [CANSLIM] gold = rally

thanks, Robert
 
sounds like another sucker rally to me. Until = the=20 economy truly picks up steam, there is unlikely to be any real = consumption=20 demand from manufacturers for gold.
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: Robert=20 McGill
Sent: Sunday, March 24, 2002 10:03 AM
Subject: Re: [CANSLIM] gold rally

1.  speculative fund buying = triggered=20 pre-placed purchase orders/buy stops & generated further buying by = funds.=20 2.  expected participants in gold trade to sell into gains, but = instead=20 pushed it higher egging funds to continue adding to long = positions. =20 3.  weaker yen against dollar & procrastination toward = fighting=20 deflation have rattled investor = confidence in=20 Japan's banking system & spurred demand for gold.  4. =20 predominant influence was stop-loss buying @ 294-296 which we ran=20 through.  5.  gains in gold mining equites cited as = supportive of=20 rally as historically they are leading indicators for underlying = commodity=20 price.  6.  funds showed willingness to roll April contracts = forward=20 to June futures instead of liquidating them, show trader confidence of = uptrend.  7. rally stopped at major resistance of 298.  = Possible=20 follow-through gains on Mon, but expected to test bottom of trading = range=20 294-298 before moving higher.  8.  Move through 298 = expectred to=20 target buy stops above 300.  support for April now seen @ failed=20 resistance of 295.
From:=20 Tom=20 Worley
Sent: Sunday, March 24, 2002 = 9:27=20 AM
Subject: Re: [CANSLIM] gold = rally

sorry, Robert, the page is only available to = subscribers. Perhaps you could summarize?
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: = Robert=20 McGill
Sent: Sunday, March 24, 2002 9:17 AM
Subject: [CANSLIM] gold rally

http://online.wsj.com/article/0,4286,SB101681858394244420= 0-gold,00.html?collection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%= 3E%28article%2Dbody%29
<= /HTML> - ------=_NextPart_000_003F_01C1D31E.036A9200-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2233 ****************************** 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.