From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2652 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 Wednesday, July 24 2002 Volume 02 : Number 2652 In this issue: Re: [CANSLIM] Float Re: [CANSLIM] Market psychology Re: [CANSLIM] Market psychology Re: [CANSLIM] Market psychology Re: [CANSLIM] Market psychology [CANSLIM] The number or stocks under high accumulation is at all-time record lows. [CANSLIM] Banks helped WCOM cover-up Re: [CANSLIM] Market psychology Re: [CANSLIM] Banks helped WCOM cover-up Re: [CANSLIM] Market psychology ---------------------------------------------------------------------- Date: Tue, 23 Jul 2002 15:45:46 -0400 From: "Donald Wallker" Subject: Re: [CANSLIM] Float This is a multi-part message in MIME format. - ------=_NextPart_000_000A_01C23260.02C2B840 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thank you Katherine - Donald ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 23, 2002 10:37 AM Subject: Re: [CANSLIM] Float http://www.investopedia.com/terms/f/float.asp ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 23, 2002 9:12 AM Subject: [CANSLIM] Float What does "%Float" mean in connection with its usage concerning = share ownership? - ------=_NextPart_000_000A_01C23260.02C2B840 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thank you Katherine -  = Donald
----- Original Message -----
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com=
Sent: Tuesday, July 23, 2002 = 10:37=20 AM
Subject: Re: [CANSLIM] = Float

http://www.investo= pedia.com/terms/f/float.asp
----- Original Message -----
From:=20 Donald = Wallker=20
Sent: Tuesday, July 23, 2002 = 9:12=20 AM
Subject: [CANSLIM] = Float

What does "%Float" mean in = connection with its=20 usage concerning  share=20 ownership?
- ------=_NextPart_000_000A_01C23260.02C2B840-- - - - -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: Wed, 24 Jul 2002 00:13:36 EDT From: KLall1112@aol.com Subject: Re: [CANSLIM] Market psychology Katherine Thanks for sharing John Mendelsen's comments. Where does he hang his hat now? Are his comments available on any site and if so where? Thanks again. Kris - - - -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: Tue, 23 Jul 2002 23:32:14 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] Market psychology This is a multi-part message in MIME format. - ------=_NextPart_000_0055_01C232A1.2D1A0A80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Kris, Mendelson works for Schwab Capital Markets and I receive his market = commentary as part of my Schwab account services. I'm not sure that it's = available any other way, however. If you happen to have a Schwab = account, you'll find it under Email Alerts services. Katherine ----- Original Message -----=20 From: KLall1112@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 23, 2002 11:13 PM Subject: Re: [CANSLIM] Market psychology Katherine Thanks for sharing John Mendelsen's comments. Where does he hang his = hat now? Are his comments available on any site and if so where? Thanks again. Kris - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0055_01C232A1.2D1A0A80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Kris,
 
Mendelson works for Schwab Capital Markets and I receive his market = commentary as part of my Schwab account services. I'm not sure that it's = available any other way, however. If you happen to have a Schwab = account, you'll=20 find it under Email Alerts services.
 
Katherine
----- Original Message -----
From:=20 KLall1112@aol.com
To: canslim@lists.xmission.com=
Sent: Tuesday, July 23, 2002 = 11:13=20 PM
Subject: Re: [CANSLIM] Market=20 psychology


Katherine


Thanks for sharing John = Mendelsen's=20 comments. Where does he hang his hat now?
Are his comments = available on any=20 site and if so where?

Thanks again.

Kris

-
-To = subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. - ------=_NextPart_000_0055_01C232A1.2D1A0A80-- - - - -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: Tue, 23 Jul 2002 22:42:24 -0700 From: "zillagirl" Subject: Re: [CANSLIM] Market psychology read an interesting article tonight about a couple of market problems in Europe like our CEO - giant charges off for bad loans and the like-the author feels like there is a good chance that when the European markets start getting more of this kind of thing it might stabilize our markets. A small lifeboat in the ocean tonight but something to cling to maybe. zilla - ----- Original Message ----- From: "Bill Triffet" To: Sent: Tuesday, July 23, 2002 3:52 PM Subject: Re: [CANSLIM] Market psychology > Katherine, > You beat me to the phrase,"The market can scare you out or wear you out". I > guess this time it will wear us out (did for me - been out for several > months now). Also, the element of the secondary contrarian indicators > signaling a bottom was brought up in today's IBD backpage editorial. To > paraphrase: "If everyone's a contrarian, where are we left"? Everyone's > quick to jump on each move of the put-call ratio. Also made note of the fact > that fund managers have had a hard time liquidating the huge numbers of > stock shares in this market. They kill every new rally trying to dump a few > million more shares. > > Maybe the last bull made too many canslimers of us. Perhaps we need some to > convert to "value" selection to take the ball for a while? > > -Bill > > > ----- Original Message ----- > From: "Katherine Malm" > To: > Sent: Tuesday, July 23, 2002 1:44 PM > Subject: Re: [CANSLIM] Market psychology > > > Interesting perspective, isn't it Jon? > > While history doesn't always repeat verbatim, little changes in human > behavior. I think those two significant Bears ended once everybody was bored > to tears with the market. What is the saying?.... "sometimes the Market just > wears you out...." :)) Add that to Bill K's comment about needing several > months to find a bottom and you've got the makings of new Market > "potential." > > Katherine > ----- Original Message ----- > From: J. Lobatto > To: canslim@lists.xmission.com > Sent: Tuesday, July 23, 2002 3:14 PM > Subject: Re: [CANSLIM] Market psychology > > > Katherine, > > Thanks for that reply. Very interesting to note that the two most > sustained bears of the century did not end on obvious capitulation. > > Jon > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Tuesday, July 23, 2002 4:11 PM > Subject: Re: [CANSLIM] Market psychology > > > Hi Jon, > > Here's a point of view on the notion of capitulation from an excellent > technician and market veteran, John Mendelson. It's awfully hard to say how > the market will find its bottom, and it's very possible that we may get some > "false" FTD's. But I do know with certainty that there will be no > sustainable upturn *without* a FTD. > > Katherine > > ========= > > Weekly Market Analysis > > John A. Mendelson > > July 23, 2002 > > A View Of The Market > > Some Recent Questions From Clients: > > Do you expect to see a capitulation by investors before this decline > ends? > > The prospect of capitulation, or a climatic downward trading spike that > exhausts the selling, > > appears to be very much on the minds of many, particularly the financial > press. The "need" for this > > has been mentioned in numerous articles. > > First of all, nobody knows for sure if this event will occur. We have > clearly seen an > > acceleration of selling in the last two weeks that has moved the market > to an extreme extended or > > "oversold" position. In this regard, 99% of the stocks in the S&P 500 > (SPX - 820) are below their > > ten-week average, a higher percentage than September 2001 or October > 1987. Furthermore, actions > > reflecting investor sentiment such as the CBOE Put/Call Ratio, the > ten-day average of the Arms > > Index (TRIN - 1.67) and the NASDAQ Trin (TRINNASD - 0.62), measures of > buying and selling > > pressure on the market, and my proprietary "Diaper Indicator" all are at > or near historically extreme > > levels, as is the CBOE OEX Volatility Index (VIX - 48.23). Furthermore, > NYSE short interest is > > now the highest in history and the dividend yield on the S&P 500 is > higher than that of six-month > > U.S. Treasury bills, a most unusual event in modern times. > > My point is that one might say we have already had a "capitulation." I > would also note that > > the 1973-1974 bear market, the worst I ever saw, ended on October 3, > 1974 with a "whimper, not a > > bang" after twenty-one months of slow death on low volume.there was no > capitulation. In > > addition, the 1929-1932 bear market bottomed on July 8, 1932 on volume > well below many days in > > the prior two months. Who knows? . my personal view is that investor > capitulation is not > > "needed" to form a bottom and that many sentiment indicators are at more > extreme levels than at > > previous historic lows. > > ----- Original Message ----- > From: J. Lobatto > To: canslim@lists.xmission.com > Sent: Tuesday, July 23, 2002 2:59 PM > Subject: [CANSLIM] Market psychology > > > All the professionals are looking for a massive capitulation day to > mark the termination of this bear market (i.e. an obvious panic day when > they can start pouring money in). Using the fact that the market rarely > satisfies the majority of participants, I suspect that the professionals may > not get their wish. As such, one other scenario comes to mind: > > The market continues this relentless water torture for an > indeterminate amount of time and finally the bear market ends at some point > with a whimper barely noticed by anyone, that is a new low is made on a > fairly "normal" day and the market starts climbing back up the next day, > either A) explosively or perhaps B) gently and imperceptibly and basically > doesn't look back from that day on. > > Any other non-capitulation scenarios that any of you can come up with? > The reason I ask is that with my "B"scenario, we may not get the FTD day > that will ring the bell for us either. > > Jon > > > > - > -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: Wed, 24 Jul 2002 07:52:20 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Market psychology This is a multi-part message in MIME format. - ------=_NextPart_000_00D5_01C232E7.0A1ECCA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable well, I have capitulated finally. A 20% loss yesterday overall on my IRA = was the final straw. time for me to break out WON's mini-book on shorting stocks and see if = it makes any sense in today's market. It is undated, but I think about = 20 years old. - ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 23, 2002 3:59 PM Subject: [CANSLIM] Market psychology All the professionals are looking for a massive capitulation day to mark = the termination of this bear market (i.e. an obvious panic day when they = can start pouring money in). Using the fact that the market rarely = satisfies the majority of participants, I suspect that the professionals = may not get their wish. As such, one other scenario comes to mind: The market continues this relentless water torture for an indeterminate = amount of time and finally the bear market ends at some point with a = whimper barely noticed by anyone, that is a new low is made on a fairly = "normal" day and the market starts climbing back up the next day, either = A) explosively or perhaps B) gently and imperceptibly and basically = doesn't look back from that day on. Any other non-capitulation scenarios that any of you can come up with? = The reason I ask is that with my "B"scenario, we may not get the FTD day = that will ring the bell for us either. Jon - ------=_NextPart_000_00D5_01C232E7.0A1ECCA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
well, I have capitulated finally. A 20% loss = yesterday=20 overall on my IRA was the final straw.
 
time for me to break out WON's mini-book on = shorting=20 stocks and see if it makes any sense in today's market. It is undated, = but I=20 think about 20 years old.
 
----- Original Message -----=20
From: J. = Lobatto=20
Sent: Tuesday, July 23, 2002 3:59 PM
Subject: [CANSLIM] Market psychology

All the professionals are = looking for a=20 massive capitulation day to mark the termination of this bear market = (i.e. an=20 obvious panic day when they can start pouring money in). Using the = fact=20 that the market rarely satisfies the majority of participants, I suspect = that=20 the professionals may not get their wish. As such, one other scenario = comes to=20 mind:
 
The market continues this = relentless water=20 torture for an indeterminate amount of time and finally the bear = market=20 ends at some point with a whimper barely noticed by anyone, that is a = new low is=20 made on a fairly "normal" day = and the=20 market starts climbing back up the next day, either = A) explosively or=20 perhaps B) gently and imperceptibly and basically doesn't look back = from=20 that day on.
 
Any other non-capitulation = scenarios that=20 any of you can come up with? The reason I ask is that with my = "B"scenario, we=20 may not get the FTD day that will ring the bell for us = either.
 
Jon
- ------=_NextPart_000_00D5_01C232E7.0A1ECCA0-- - - - -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: Wed, 24 Jul 2002 06:57:42 -0500 From: "Fred Richards" Subject: [CANSLIM] The number or stocks under high accumulation is at all-time record lows. This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01C232DF.685E46E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit On Tuesday, the number of A rated stocks using IBD's Acc/Dis numbers dropped to 135 erasing the 9-11 record of 167. We have updated the charts on the website. You may see them at: http://www.adrich.com/SI/Info/A's.htm - ---------------------------------------------------------------------------- - ---- Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com - ------=_NextPart_000_0018_01C232DF.685E46E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
On = Tuesday, the=20 number of A rated stocks using IBD's Acc/Dis numbers dropped to 135 = erasing the=20 9-11 record of 167.
 
We = have updated the=20 charts on the website.
 
You = may see them=20 at:
 
http://www.adrich.com/SI/I= nfo/A's.htm
 
Fred Richards
 
Corruptisima republica plurimae = leges.  [The=20 more corrupt a republic, the more laws.]  - - Tacitus, Annuals III=20 27
 
www.adrich.com
 
- ------=_NextPart_000_0018_01C232DF.685E46E0-- - - - -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: Wed, 24 Jul 2002 07:54:35 -0400 From: "Donald Wallker" Subject: [CANSLIM] Banks helped WCOM cover-up This is a multi-part message in MIME format. - ------=_NextPart_000_0078_01C232E7.5A401AE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable In case you missed it, today the Washington Post noted that several big = banks were in bed with and helping WCOM in its debt cover-up. Imagine = - - JP Morgan and others =20 - ------=_NextPart_000_0078_01C232E7.5A401AE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
In case you missed it, today=20 the Washington Post  noted that several big banks were = in =20 bed with and helping WCOM in its debt cover-up.  Imagine - JP=20 Morgan  and others  
- ------=_NextPart_000_0078_01C232E7.5A401AE0-- - - - -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: Wed, 24 Jul 2002 08:09:33 -0500 From: eric.spence1@comcast.net Subject: Re: [CANSLIM] Market psychology This is a multi-part message in MIME format. - --Boundary_(ID_u6FhxlsXvkfzeHE6XMKOMA) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT Tom, I would like a copy of that book. Do you know where any exist. I thought it was out of print. ----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Wednesday, July 24, 2002 6:52 AM Subject: Re: [CANSLIM] Market psychology well, I have capitulated finally. A 20% loss yesterday overall on my IRA was the final straw. time for me to break out WON's mini-book on shorting stocks and see if it makes any sense in today's market. It is undated, but I think about 20 years old. ----- Original Message ----- From: J. Lobatto To: canslim@lists.xmission.com Sent: Tuesday, July 23, 2002 3:59 PM Subject: [CANSLIM] Market psychology All the professionals are looking for a massive capitulation day to mark the termination of this bear market (i.e. an obvious panic day when they can start pouring money in). Using the fact that the market rarely satisfies the majority of participants, I suspect that the professionals may not get their wish. As such, one other scenario comes to mind: The market continues this relentless water torture for an indeterminate amount of time and finally the bear market ends at some point with a whimper barely noticed by anyone, that is a new low is made on a fairly "normal" day and the market starts climbing back up the next day, either A) explosively or perhaps B) gently and imperceptibly and basically doesn't look back from that day on. Any other non-capitulation scenarios that any of you can come up with? The reason I ask is that with my "B"scenario, we may not get the FTD day that will ring the bell for us either. Jon - --Boundary_(ID_u6FhxlsXvkfzeHE6XMKOMA) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
Tom,
 
I would like a copy of that book. Do you know where any exist. I thought it was out of print.
----- Original Message -----
From: Tom Worley
Sent: Wednesday, July 24, 2002 6:52 AM
Subject: Re: [CANSLIM] Market psychology

well, I have capitulated finally. A 20% loss yesterday overall on my IRA was the final straw.
 
time for me to break out WON's mini-book on shorting stocks and see if it makes any sense in today's market. It is undated, but I think about 20 years old.
 
----- Original Message -----
From: J. Lobatto
Sent: Tuesday, July 23, 2002 3:59 PM
Subject: [CANSLIM] Market psychology

All the professionals are looking for a massive capitulation day to mark the termination of this bear market (i.e. an obvious panic day when they can start pouring money in). Using the fact that the market rarely satisfies the majority of participants, I suspect that the professionals may not get their wish. As such, one other scenario comes to mind:
 
The market continues this relentless water torture for an indeterminate amount of time and finally the bear market ends at some point with a whimper barely noticed by anyone, that is a new low is made on a fairly "normal" day and the market starts climbing back up the next day, either A) explosively or perhaps B) gently and imperceptibly and basically doesn't look back from that day on.
 
Any other non-capitulation scenarios that any of you can come up with? The reason I ask is that with my "B"scenario, we may not get the FTD day that will ring the bell for us either.
 
Jon
- --Boundary_(ID_u6FhxlsXvkfzeHE6XMKOMA)-- - - - -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: Wed, 24 Jul 2002 09:10:46 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Banks helped WCOM cover-up This is a multi-part message in MIME format. - ------=_NextPart_000_014E_01C232F1.FEC9F270 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable The banks (at least two, JP Morgan Chase, and Citigroup) are now = revealed as having marketed the same kinds of energy swapping "loans" = that they were doing with Enron to a number of other companies, and at = least three bit on the deal. Combined with them also being the bankers for Worldcon, this mess is a = long way from being over. - ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 24, 2002 7:54 AM Subject: [CANSLIM] Banks helped WCOM cover-up In case you missed it, today the Washington Post noted that several big = banks were in bed with and helping WCOM in its debt cover-up. Imagine = - - JP Morgan and others =20 - ------=_NextPart_000_014E_01C232F1.FEC9F270 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
The banks (at least two, JP Morgan Chase, and = Citigroup)=20 are now revealed as having marketed the same kinds of energy swapping = "loans"=20 that they were doing with Enron to a number of other companies, and at = least=20 three bit on the deal.
 
Combined with them also being the bankers for = Worldcon,=20 this mess is a long way from being over.
 
----- Original Message -----=20
From: Donald = Wallker
Sent: Wednesday, July 24, 2002 7:54 AM
Subject: [CANSLIM] Banks helped WCOM cover-up

In case you missed it, today=20 the Washington Post  noted that several big banks were = in =20 bed with and helping WCOM in its debt cover-up.  Imagine - JP=20 Morgan  and others  
- ------=_NextPart_000_014E_01C232F1.FEC9F270-- - - - -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: Wed, 24 Jul 2002 09:11:55 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Market psychology This is a multi-part message in MIME format. - ------=_NextPart_000_0158_01C232F2.27F8DAD0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable far as I know, it is long since out of print, and maybe not applicable = any longer. I have not read it in years, my mistake. I will see if I can = scan it and post it as there is no copyright embargo on my copy. - ----- Original Message -----=20 From: eric.spence1@comcast.net=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 24, 2002 9:09 AM Subject: Re: [CANSLIM] Market psychology Tom, I would like a copy of that book. Do you know where any exist. I thought = it was out of print. ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, July 24, 2002 6:52 AM Subject: Re: [CANSLIM] Market psychology well, I have capitulated finally. A 20% loss yesterday overall on my = IRA was the final straw. time for me to break out WON's mini-book on shorting stocks and see if = it makes any sense in today's market. It is undated, but I think about = 20 years old. ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 23, 2002 3:59 PM Subject: [CANSLIM] Market psychology All the professionals are looking for a massive capitulation day to = mark the termination of this bear market (i.e. an obvious panic day when = they can start pouring money in). Using the fact that the market rarely = satisfies the majority of participants, I suspect that the professionals = may not get their wish. As such, one other scenario comes to mind: The market continues this relentless water torture for an = indeterminate amount of time and finally the bear market ends at some = point with a whimper barely noticed by anyone, that is a new low is made = on a fairly "normal" day and the market starts climbing back up the next = day, either A) explosively or perhaps B) gently and imperceptibly and = basically doesn't look back from that day on. Any other non-capitulation scenarios that any of you can come up with? = The reason I ask is that with my "B"scenario, we may not get the FTD day = that will ring the bell for us either. Jon - ------=_NextPart_000_0158_01C232F2.27F8DAD0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
far as I know, it is long since out of print, = and maybe=20 not applicable any longer. I have not read it in years, my mistake. I = will see=20 if I can scan it and post it as there is no copyright embargo on my=20 copy.
 
----- Original Message -----=20
From: eric.spence1@comcast.net =
Sent: Wednesday, July 24, 2002 9:09 AM
Subject: Re: [CANSLIM] Market psychology

Tom,
 
I would like a copy of that book. Do = you know where=20 any exist. I thought it was out of print.
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Wednesday, July 24, 2002 = 6:52=20 AM
Subject: Re: [CANSLIM] Market=20 psychology

well, I have capitulated finally. A 20% loss = yesterday=20 overall on my IRA was the final straw.
 
time for me to break out WON's mini-book on = shorting=20 stocks and see if it makes any sense in today's market. It is undated, = but I=20 think about 20 years old.
 
----- Original Message -----=20
From: J. = Lobatto=20
Sent: Tuesday, July 23, 2002 3:59 PM
Subject: [CANSLIM] Market psychology

All the professionals are = looking for a=20 massive capitulation day to mark the termination of this bear market = (i.e. an=20 obvious panic day when they can start pouring money in). Using = the fact=20 that the market rarely satisfies the majority of participants, I = suspect that=20 the professionals may not get their wish. As such, one other scenario = comes to=20 mind:
 
The market continues this = relentless water=20 torture for an indeterminate amount of time and finally the bear = market=20 ends at some point with a whimper barely noticed by anyone, that is a = new low=20 is made on a fairly "normal" = day and the=20 market starts climbing back up the next day, either = A) explosively=20 or perhaps B) gently and imperceptibly and basically doesn't look = back=20 from that day on.
 
Any other non-capitulation = scenarios that=20 any of you can come up with? The reason I ask is that with my = "B"scenario, we=20 may not get the FTD day that will ring the bell for us = either.
 
Jon
- ------=_NextPart_000_0158_01C232F2.27F8DAD0-- - - - -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 #2652 ****************************** 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.