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-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Monday, July 22, 2002 4:36 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] M where = will it=20 bottom?

Ernie, sorry to hear you are leaving the = group, I have a=20 "Ernie Hill" folder, and have been saving your posts in hopes I can = learn=20 something from them.

If I finally panic out now, and capitulate, = would that=20 throw your forecasts off? I am so stubbornly bullish it's not likely = to=20 happen, but this is sure getting painful, and hard to make money any = more.=20 Just staying ahead of the indexes (e.g. not losing money as fast) is=20 tough.

----- Original Message -----=20
From: Hill,=20 Ernie

To: 'canslim@lists.xmission.com'= =20

Sent: Monday, July 22, 2002 10:26 PM

Subject: [CANSLIM] M where will it bottom?

This forecast is meant to give you a good = idea of=20 where to expect this bear market to finally end. The head and = shoulders=20 pattern the market has made predicts a bottom to be made in the 560-575 area. A = .618=20 retracement of the entire move from 1982 to 2000 would give a target = of 566 (arithmetic = scale). Using=20 a log scale a .382 retracement of the same move yields a target price = of 550.

These are three targets obtained by = different means=20 all of which point to roughly the same price. I expect there will be = at least=20 one good strong rally before the ultimate bottom is reached. As for = the time=20 frame when this bottom will occur that is much more difficult to = forecast,=20 however, I do not expect it to happen before March of next=20 year.

CANSLIM friends this will be my final post. = It's=20 difficult for me to leave this list because I feel I have formed a = friendship=20 with many of you. This is certainly one of the finest lists on the = net. I hope=20 some of you have benefited from my posts, I know I have benefited from = the=20 posts made by many of you.

Unfortunately, I am just too busy now to = read all of=20 the e-mail I get every day. Since I am now 100% trader and no longer = practice=20 CANSLIM I guess it is time for me to move = on.

If any of you are interested in following my = market=20 forecasts you can do so by sending a blank e-mail=20 to:

snpforecasts-subscribe@= topica.com=20

This is not a discussion group it is only my = distribution list to those who follow my forecasts. It also provides = me with a=20 public record of my forecasts.

Eventually the bear will hibernate and you = guys will=20 again RULE the investment world.

I will miss = ya'll

E

********************************************************= ********** This=20 email and any files transmitted with it from the ElPaso = Corporation are=20 confidential and intended solely for the use of the individual or = entity=20 to whom they are addressed. If you have received this email in = error=20 please notify the=20 = sender. **********************************************************= ********

- ------=_NextPart_000_006D_01C2319F.89D9AB20-- - - - -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, 22 Jul 2002 23:04:31 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] M where will it bottom? This is a multi-part message in MIME format. - ------=_NextPart_000_0036_01C231D4.26914E80 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Let me get this straight. Ernie is predicting we'll bottom out with the DJIA at 560 to 575? That's an "ultimate" bottom? All I can say to that is, "Ernie, what you smokin' man?" Let me brighten the outlook a bit, folks. The following was sent to me by a dear friend today, and I couldn't help but pass it on. It's not exactly CANSLIM, but what the hell. If you had invested $1000. in Nortel stock one year ago, it would now be worth $49. If you invested it in Enron, you would have $16.50 of the original $1000. With WorldCom, you would have less than $5. left If you had bought $1000 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 5 cent deposit, you would have $92.40. H ere's to a brighter tomorrow! Duke Ernie, Thanks for your input and good luck Jon - ----- Original Message ----- From: Hill, Ernie To: 'canslim@lists.xmission.com' Sent: Monday, July 22, 2002 10:26 PM Subject: [CANSLIM] M where will it bottom? This forecast is meant to give you a good idea of where to expect this bear market to finally end. The head and shoulders pattern the market has made predicts a bottom to be made in the 560-575 area. A .618 retracement of the entire move from 1982 to 2000 would give a target of 566 (arithmetic scale). Using a log scale a .382 retracement of the same move yields a target price of 550. These are three targets obtained by different means all of which point to roughly the same price. I expect there will be at least one good strong rally before the ultimate bottom is reached. As for the time frame when this bottom will occur that is much more difficult to forecast, however, I do not expect it to happen before March of next year. CANSLIM friends this will be my final post. It's difficult for me to leave this list because I feel I have formed a friendship with many of you. This is certainly one of the finest lists on the net. I hope some of you have benefited from my posts, I know I have benefited from the posts made by many of you. Unfortunately, I am just too busy now to read all of the e-mail I get every day. Since I am now 100% trader and no longer practice CANSLIM I guess it is time for me to move on. If any of you are interested in following my market forecasts you can do so by sending a blank e-mail to: snpforecasts-subscribe@topica.com This is not a discussion group it is only my distribution list to those who follow my forecasts. It also provides me with a public record of my forecasts. Eventually the bear will hibernate and you guys will again RULE the investment world. I will miss ya'll E ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - ------=_NextPart_000_0036_01C231D4.26914E80 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message

Let me get this = straight. Ernie is predicting we'll bottom out with the DJIA at = 560 to=20 575? That's=20 an "ultimate" bottom? All I can say to that is, "Ernie, what you = smokin'=20 man?"

Let me brighten = the outlook=20 a bit, folks. The following was sent to me by a dear friend today, = and I=20 couldn't help but pass it on. It's not exactly CANSLIM, but what = the=20 hell.

If you = had invested=20 $1000. in Nortel stock one year ago, it would now be worth=20 $49.

If you invested it in Enron, you = would have=20 $16.50 of the original $1000.

With = WorldCom, you=20 would have less than $5. left

If you had bought $1000 worth of Budweiser = (the beer,=20 not the stock) one year ago, drank all the beer, then turned in=20 the
cans for the 5 cent deposit, you would = have=20 $92.40.

H ere's to a=20 brighter tomorrow!

Duke

Ernie,

Thanks for your input and good = luck

Jon

----- Original Message -----
From:=20 Hill,=20 Ernie

This forecast is meant to give you a good = idea of=20 where to expect this bear market to finally end. The head and = shoulders=20 pattern the market has made predicts a bottom to be made in the = 560-575 area. A = .618=20 retracement of the entire move from 1982 to 2000 would give a target = of=20 566 = (arithmetic=20 scale). Using a log scale a .382 retracement of the same move yields = a=20 target price of 550.

These are three targets obtained by = different means=20 all of which point to roughly the same price. I expect there will be = at=20 least one good strong rally before the ultimate bottom is reached. = As for=20 the time frame when this bottom will occur that is much more = difficult to=20 forecast, however, I do not expect it to happen before March of next = year.

CANSLIM friends this will be my final = post. It's=20 difficult for me to leave this list because I feel I have formed a=20 friendship with many of you. This is certainly one of the finest = lists on=20 the net. I hope some of you have benefited from my posts, I know I = have=20 benefited from the posts made by many of = you.

Unfortunately, I am just too busy now to = read all of=20 the e-mail I get every day. Since I am now 100% trader and no longer = practice CANSLIM I guess it is time for me to move=20 on.

If any of you are interested in following = my market=20 forecasts you can do so by sending a blank e-mail=20 to:

snpforecasts-subscribe@= topica.com=20

This is not a discussion group it is only = my=20 distribution list to those who follow my forecasts. It also provides = me with=20 a public record of my forecasts.

Eventually the bear will hibernate and you = guys will=20 again RULE the investment world.

I will miss = ya'll