From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2890 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Friday, August 30 2002 Volume 02 : Number 2890 In this issue: Re: [CANSLIM] OT?? - sign of the times??? I hope not!! Re: [CANSLIM] Ernie's Forecasts [CANSLIM] BLL [CANSLIM] sell rules help Re: [CANSLIM] sell rules help Re: [CANSLIM] BLL Re: [CANSLIM] sell rules help Re: [CANSLIM] Ernie's Forecasts RE: [CANSLIM] Ernie's Forecasts Re: [CANSLIM] Ernie's Forecasts [CANSLIM] HGSI ---------------------------------------------------------------------- Date: Fri, 30 Aug 2002 08:23:42 -0500 From: "Norman" Subject: Re: [CANSLIM] OT?? - sign of the times??? I hope not!! FWIW (for what it's worth), I saw on TV, BTV I think, that the upgrade was based strictly on valuation (i.e. p/e) and not on business profitability, present or future. Norm - ----- Original Message ----- From: "Tom Worley" To: "CANSLIM" Sent: Thursday, August 29, 2002 10:53 PM Subject: [CANSLIM] OT?? - sign of the times??? I hope not!! > Yahoo traded over 3X ADV and up over 12% after Merrill upgraded it from > "sell" to "neutral". Gee, that sure seems like a reason why I would want to > own it?? > > I would admit that lately, "M" seems to respond favorably more often to good > news, and tank less. And bad news doesn't seem to be bringing about so many > 30-50% declines. But I am still struggling to see an "upgrade" by a major > wirehouse from sell to neutral (you won't lose money any faster here than > with the rest of the market, but then you won't make any more either, so why > not risk your capital) as constituting good news sufficient to buy this > stock. > > Am I missing something here? > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -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: Fri, 30 Aug 2002 08:30:17 -0500 From: "Norman" Subject: Re: [CANSLIM] Ernie's Forecasts All, We DON'T really want to get into a rigorous examination of these phenomena, on a case by case basis, and whither or not there is any cause & effect relationship that can be assigned to them. Not here! I think this is the reason there was at one time a TA group formed from this group. Maybe the folks in the HGSI forum would accommodate this discussion as they seem to delve into TA a bit more than this group. Norm - ----- Original Message ----- From: "DAVID KELLER, BLOOMBERG/ 499 PARK" To: Sent: Friday, August 30, 2002 7:08 AM Subject: RE: [CANSLIM] Ernie's Forecasts > even more examples of Fibonacci: bottom of a pine cone (each direction is a > Fibonacci number), architecture (Parthenon's columns use Fibonacci proportions), > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > Regarding why it works in the financial markets, check out the S&P from > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the street was > watching that?... > > ----- Original Message ----- > From: Mike Gibbons > At: 8/29 18:06 > > > Hi Norm, > > > > My information came from quotetracker as follows: > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the code > by > > which every organsim develops. So the "shape" of a > > plant for example is determined by its DNA. I recall (although its been a long > > time ) that fibonacci numbers are found, for example, > > in the number of leaves on a fern frond. In other words, that fibonacci > pattern > > must have been encoded in the DNA in some way. > > Presumanbly, also, ferns with that DNA pattern were "fitter" for survival than > > ferns that didn't have fibonacci numbers encoded in > > their DNA. Now we are definitely off topic, but I enjoy a little intellectual > > diversion sometimes. > > > > 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 Norman > > Sent: Thursday, August 29, 2002 11:14 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > Hi Maui Mike, > > > > OK, on topic and out of the shadows The investors.com chart shows a low > > of 911.06. I know that sometimes there are trades that confound the > > charting sites, so where can I get the same info you have? > > > > As for encoding Fib lines in DNA; that's a little far fetched even for this > > Trekker to consider My ecology understanding dictates that genes survive > > by increasing the reproductive success of the species. Now I can think > > "outside of the box" as good as the next scientist, but this one doesn't > > seem to be in the same room with the box Looks like an observation has > > been made, now you have postulated a theory, who's gonna test it > > > > Elliot wave theory is 'nother story and one that I don't have enuf knowledge > > to address at this time. > > > > There, now *that's* OT! > > > > Norm > > ----- Original Message ----- > > From: "Mike Gibbons" > > To: > > Sent: Thursday, August 29, 2002 4:01 PM > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > Norm and kelly, > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > 10:00. > > > It then rose and fell again with a turn later in the day at 911. So the > > turn > > > was actually lower than Ernie predicted. > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > them > > > have certainly been on the money and within what I would consider > > > "experimental error". > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > Einstein had about the uncertainty principal - without a rational > > > explanation for why it works (if it does reliably), its hard to believe in > > > it. > > > > > > I can understand fibonacci numbers recurring frequently in nature because > > > they could be somehow encoded in DNA, but I have a hard time seeing how > > they > > > could apply to the stock market. But then again, I haven't put any time > > into > > > trying to understand the causal connection and my comments are based > > largely > > > on ignorance. If any member of the group can explain a possible causal > > > relationship, I would find that helpful. > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > because 75% of stocks go with the flow. > > > > > > 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 Kelly Short > > > Sent: Thursday, August 29, 2002 10:36 AM > > > To: canslim@lists.xmission.com > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > Norm, > > > > > > I was commenting at lunch at perfectly he called it today and yesterday. > > > Almost to the hour. I wonder if he tracks the success of his predictions. > > > > > > Kelly > > > > > > -----Original Message----- > > > From: Norman [mailto:theboyd@tisd.net] > > > Sent: Thursday, August 29, 2002 3:27 PM > > > To: canslim@lists.xmission.com > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > All, > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > those > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has > > > apparently called this one perfectly. He predicted a turn window or > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > working. > > > For those of you who are not subscribed I copied last nights forecast > > below. > > > > > > Norm > > > > > > > > > Once again today could be the bottom, as we came within a whisker of the > > > 910-913 target range, and both of my short term cycle indicators are > > > suggesting that a turn is imminent. While the next target level of 876-884 > > > is still a possibility, at this point I would have to say that it is not > > > very likely that we will go that low. > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > termination of this short term down move. The most likely scenario for > > > tomorrow would be a move slightly lower into the target range or just > > below > > > before the market terminates the move, and begins to go higher. The second > > > most likely scenario is that the market will open higher and continue to > > > move higher from there. And the third most likely scenario would be a > > > continuation of the down move possibly as low as 900, with an intra-day > > > reversal featuring a closing price above at least 911. Each of these > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > likely > > > to go much lower, until we see the turn confirmation signal this market > > > could still reach the lower target range > > > > > > > > > > > > E > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > ____________________________________________________________________________ > > > For your protection, this e-mail message has been scanned for viruses. > > > Visit us at http://www.neoris.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. > > > > > > > > > > > > - > > -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: Fri, 30 Aug 2002 09:06:39 -0500 From: "Norman" Subject: [CANSLIM] BLL FWIW, BLL (97 93) has just BO off a horizontal handle with lower vol on a "typical" July 24th "V" cup. Norm - - - -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: Fri, 30 Aug 2002 09:13:57 -0500 From: michael_niemotka@baxter.com Subject: [CANSLIM] sell rules help Hi all, I know I asked about COCO yesterday, but now as of this morning, I am up 20% , and am thinking hard about selling at least some to lock in that kind of profit. However, it has grown to this point after only a week, so is that a sign of real strength, and therefore does it need to be held for at least 8 weeks? Help! Thanks Mike Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.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: Fri, 30 Aug 2002 10:08:03 -0500 From: "Norman" Subject: Re: [CANSLIM] sell rules help Mike, ooooooh, in this M I don't know if the "hold if it goes up fast" rule will hold true. Since 3/02 I have been burned several times in this same situation. And several members have posted the same sad occurrence. That said, looks like at least some of the group is just pausing. Looking at the action on the competitors Katherine posted yesterday (UOPX, APOL, CECO, EDMC, STRA and DV; thanks K!) it looks like some pausing is occurring but not big selling. Maybe set a moderately tight s/l (if you can't sit at a computer) and hold on? But I'm not holding and don't how much of your port is tied up here; both variables would affect how I would react. I definitely would not let it erode below about a 10% profit; that would kill my confidence Congrats and good luck. Norm - ----- Original Message ----- From: To: Sent: Friday, August 30, 2002 9:13 AM Subject: [CANSLIM] sell rules help > Hi all, > > I know I asked about COCO yesterday, but now as of this morning, I am up > 20% , and am thinking hard about selling at least some to lock in that kind > of profit. However, it has grown to this point after only a week, so is > that a sign of real strength, and therefore does it need to be held for at > least 8 weeks? > > Help! > > Thanks > > Mike > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.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: Fri, 30 Aug 2002 10:11:03 -0500 From: "Norman" Subject: Re: [CANSLIM] BLL Maybe will be a second chance at this one if the gap is filled soon. Even WON authorizes these pull-back 2nd chances. norm - ----- Original Message ----- From: "Norman" To: Sent: Friday, August 30, 2002 9:06 AM Subject: [CANSLIM] BLL > FWIW, BLL (97 93) has just BO off a horizontal handle with lower vol on a > "typical" July 24th "V" cup. > > Norm > > > - > -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: Fri, 30 Aug 2002 10:12:10 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] sell rules help Hi Mike, Money management under CANSLIM is a personal choice and not particularly guided by sell rules. Here's some thoughts on selling and money management in general: - -The "up 20% in less than 8 wks may be a sign of a strong stock, so consider holding through the next correction" guideline is only from a valid buy point (valid breakout on volume from a valid base). If you're up 20% but entered early, then you're not talking apples and apples. - -If you enter on a valid breakout, then money management past that point is a matter of choice. For example, you could: --Take 1/2 off the table after it's up a certain % and let the rest ride with normal sell rules --Keep all of it on the table and manage the entire position with 7-8% stop loss. --Keep it all on the table but manage stops on 1/2 differently than the other 1/2. For example, break even on 1/2, 7-8% on the other half --Sell all of it and be happy with the return. (You have to have no regrets if it continues higher) -- Etc. See, no hard and fast. The most important concept to take away from COCO is that you have to have a plan *before* you enter the position or you will waffle and regret. Katherine - ----- Original Message ----- From: To: Sent: Friday, August 30, 2002 9:13 AM Subject: [CANSLIM] sell rules help | Hi all, | | I know I asked about COCO yesterday, but now as of this morning, I am up | 20% , and am thinking hard about selling at least some to lock in that kind | of profit. However, it has grown to this point after only a week, so is | that a sign of real strength, and therefore does it need to be held for at | least 8 weeks? | | Help! | | Thanks | | Mike | | | Mike Niemotka , PE | Sr. Principal Engineer | Baxter Healthcare Corporation | Route 120 & Wilson Road | Round Lake, IL 60073 | Tel (847) 270-4075 | Fax (847) 270-4525 | michael_niemotka@baxter.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: Fri, 30 Aug 2002 11:34:33 -0400 (EDT) From: "DAVID KELLER, BLOOMBERG/ 499 PARK" Subject: Re: [CANSLIM] Ernie's Forecasts Sorry!! Can someone tell me how to access the HGSI forum? I'd definitely be interested in partcipating. Thanks- Dave - ----- Original Message ----- From: Norman At: 8/30 9:32 > All, > > We DON'T really want to get into a rigorous examination of these phenomena, > on a case by case basis, and whither or not there is any cause & effect > relationship that can be assigned to them. Not here! > > I think this is the reason there was at one time a TA group formed from this > group. Maybe the folks in the HGSI forum would accommodate this discussion > as they seem to delve into TA a bit more than this group. > > Norm > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > To: > Sent: Friday, August 30, 2002 7:08 AM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > even more examples of Fibonacci: bottom of a pine cone (each direction is > a > > Fibonacci number), architecture (Parthenon's columns use Fibonacci > proportions), > > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > > > Regarding why it works in the financial markets, check out the S&P from > > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the street was > > watching that?... > > > > ----- Original Message ----- > > From: Mike Gibbons > > At: 8/29 18:06 > > > > > Hi Norm, > > > > > > My information came from quotetracker as follows: > > > > > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the > code > > by > > > which every organsim develops. So the "shape" of a > > > plant for example is determined by its DNA. I recall (although its been > a long > > > time ) that fibonacci numbers are found, for example, > > > in the number of leaves on a fern frond. In other words, that fibonacci > > pattern > > > must have been encoded in the DNA in some way. > > > Presumanbly, also, ferns with that DNA pattern were "fitter" for > survival than > > > ferns that didn't have fibonacci numbers encoded in > > > their DNA. Now we are definitely off topic, but I enjoy a little > intellectual > > > diversion sometimes. > > > > > > 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 Norman > > > Sent: Thursday, August 29, 2002 11:14 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows The investors.com chart shows a > low > > > of 911.06. I know that sometimes there are trades that confound the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > this > > > Trekker to consider My ecology understanding dictates that genes > survive > > > by increasing the reproductive success of the species. Now I can think > > > "outside of the box" as good as the next scientist, but this one doesn't > > > seem to be in the same room with the box Looks like an observation > has > > > been made, now you have postulated a theory, who's gonna test it > > > > > > Elliot wave theory is 'nother story and one that I don't have enuf > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" > > > To: > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > > them > > > > have certainly been on the money and within what I would consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > > Einstein had about the uncertainty principal - without a rational > > > > explanation for why it works (if it does reliably), its hard to > believe in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in nature > because > > > > they could be somehow encoded in DNA, but I have a hard time seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put any > time > > > into > > > > trying to understand the causal connection and my comments are based > > > largely > > > > on ignorance. If any member of the group can explain a possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > 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 Kelly Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Norm, > > > > > > > > I was commenting at lunch at perfectly he called it today and > yesterday. > > > > Almost to the hour. I wonder if he tracks the success of his > predictions. > > > > > > > > Kelly > > > > > > > > -----Original Message----- > > > > From: Norman [mailto:theboyd@tisd.net] > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > All, > > > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > > those > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > has > > > > apparently called this one perfectly. He predicted a turn window or > > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > > working. > > > > For those of you who are not subscribed I copied last nights forecast > > > below. > > > > > > > > Norm > > > > > > > > > > > > Once again today could be the bottom, as we came within a whisker of > the > > > > 910-913 target range, and both of my short term cycle indicators are > > > > suggesting that a turn is imminent. While the next target level of > 876-884 > > > > is still a possibility, at this point I would have to say that it is > not > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > > termination of this short term down move. The most likely scenario for > > > > tomorrow would be a move slightly lower into the target range or just > > > below > > > > before the market terminates the move, and begins to go higher. The > second > > > > most likely scenario is that the market will open higher and continue > to > > > > move higher from there. And the third most likely scenario would be a > > > > continuation of the down move possibly as low as 900, with an > intra-day > > > > reversal featuring a closing price above at least 911. Each of these > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > > likely > > > > to go much lower, until we see the turn confirmation signal this > market > > > > could still reach the lower target range > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > ____________________________________________________________________________ > > > > For your protection, this e-mail message has been scanned for viruses. > > > > Visit us at http://www.neoris.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. > > > > > > > > > > > > > > > > > - > > > -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. - - - -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: Fri, 30 Aug 2002 09:42:03 -0600 From: "David Taggart" Subject: RE: [CANSLIM] Ernie's Forecasts It is a yahoo group here is the link http://groups.yahoo.com/group/hgsinvestor/?yguid=83634894 It is moderated by the HGSI people. Its a good thread Dave Steckler and Duke Jones are on it a lot. Happy Trading, David Taggart - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of DAVID KELLER, BLOOMBERG/ 499 PARK Sent: Friday, August 30, 2002 9:35 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Ernie's Forecasts Sorry!! Can someone tell me how to access the HGSI forum? I'd definitely be interested in partcipating. Thanks- Dave - ----- Original Message ----- From: Norman At: 8/30 9:32 > All, > > We DON'T really want to get into a rigorous examination of these phenomena, > on a case by case basis, and whither or not there is any cause & effect > relationship that can be assigned to them. Not here! > > I think this is the reason there was at one time a TA group formed from this > group. Maybe the folks in the HGSI forum would accommodate this discussion > as they seem to delve into TA a bit more than this group. > > Norm > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > To: > Sent: Friday, August 30, 2002 7:08 AM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > even more examples of Fibonacci: bottom of a pine cone (each direction is > a > > Fibonacci number), architecture (Parthenon's columns use Fibonacci > proportions), > > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > > > Regarding why it works in the financial markets, check out the S&P from > > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the street was > > watching that?... > > > > ----- Original Message ----- > > From: Mike Gibbons > > At: 8/29 18:06 > > > > > Hi Norm, > > > > > > My information came from quotetracker as follows: > > > > > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the > code > > by > > > which every organsim develops. So the "shape" of a > > > plant for example is determined by its DNA. I recall (although its been > a long > > > time ) that fibonacci numbers are found, for example, > > > in the number of leaves on a fern frond. In other words, that fibonacci > > pattern > > > must have been encoded in the DNA in some way. > > > Presumanbly, also, ferns with that DNA pattern were "fitter" for > survival than > > > ferns that didn't have fibonacci numbers encoded in > > > their DNA. Now we are definitely off topic, but I enjoy a little > intellectual > > > diversion sometimes. > > > > > > 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 Norman > > > Sent: Thursday, August 29, 2002 11:14 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows The investors.com chart shows a > low > > > of 911.06. I know that sometimes there are trades that confound the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > this > > > Trekker to consider My ecology understanding dictates that genes > survive > > > by increasing the reproductive success of the species. Now I can think > > > "outside of the box" as good as the next scientist, but this one doesn't > > > seem to be in the same room with the box Looks like an observation > has > > > been made, now you have postulated a theory, who's gonna test it > > > > > > Elliot wave theory is 'nother story and one that I don't have enuf > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" > > > To: > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > > them > > > > have certainly been on the money and within what I would consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > > Einstein had about the uncertainty principal - without a rational > > > > explanation for why it works (if it does reliably), its hard to > believe in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in nature > because > > > > they could be somehow encoded in DNA, but I have a hard time seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put any > time > > > into > > > > trying to understand the causal connection and my comments are based > > > largely > > > > on ignorance. If any member of the group can explain a possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > 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 Kelly Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Norm, > > > > > > > > I was commenting at lunch at perfectly he called it today and > yesterday. > > > > Almost to the hour. I wonder if he tracks the success of his > predictions. > > > > > > > > Kelly > > > > > > > > -----Original Message----- > > > > From: Norman [mailto:theboyd@tisd.net] > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > All, > > > > > > > > I know it's a little (OK a lot) off topic, but is interesting. For > > > those > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you notice he > has > > > > apparently called this one perfectly. He predicted a turn window or > > > > 910-913. Today it turned at 911.06. For now, his crystal ball is > > > working. > > > > For those of you who are not subscribed I copied last nights forecast > > > below. > > > > > > > > Norm > > > > > > > > > > > > Once again today could be the bottom, as we came within a whisker of > the > > > > 910-913 target range, and both of my short term cycle indicators are > > > > suggesting that a turn is imminent. While the next target level of > 876-884 > > > > is still a possibility, at this point I would have to say that it is > not > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target for the > > > > termination of this short term down move. The most likely scenario for > > > > tomorrow would be a move slightly lower into the target range or just > > > below > > > > before the market terminates the move, and begins to go higher. The > second > > > > most likely scenario is that the market will open higher and continue > to > > > > move higher from there. And the third most likely scenario would be a > > > > continuation of the down move possibly as low as 900, with an > intra-day > > > > reversal featuring a closing price above at least 911. Each of these > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn and not > > > likely > > > > to go much lower, until we see the turn confirmation signal this > market > > > > could still reach the lower target range > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > ____________________________________________________________________________ > > > > For your protection, this e-mail message has been scanned for viruses. > > > > Visit us at http://www.neoris.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. > > > > > > > > > > > > > > > > > - > > > -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. - - - -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: Fri, 30 Aug 2002 10:43:33 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] Ernie's Forecasts Hi David, http://groups.yahoo.com/group/hgsinvestor/ and http://www.highgrowthstock.com/ Katherine - ----- Original Message ----- From: "DAVID KELLER, BLOOMBERG/ 499 PARK" To: Sent: Friday, August 30, 2002 10:34 AM Subject: Re: [CANSLIM] Ernie's Forecasts | Sorry!! | | Can someone tell me how to access the HGSI forum? I'd definitely be interested | in partcipating. Thanks- Dave | | | ----- Original Message ----- | From: Norman | At: 8/30 9:32 | | > All, | > | > We DON'T really want to get into a rigorous examination of these phenomena, | > on a case by case basis, and whither or not there is any cause & effect | > relationship that can be assigned to them. Not here! | > | > I think this is the reason there was at one time a TA group formed from this | > group. Maybe the folks in the HGSI forum would accommodate this discussion | > as they seem to delve into TA a bit more than this group. | > | > Norm - - - -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: Fri, 30 Aug 2002 10:51:40 -0500 From: Gene Ricci Subject: [CANSLIM] HGSI This is a multi-part message in MIME format. - ------=_NextPart_000_05C7_01C25013.38EAAE20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable http://groups.yahoo.com/group/hgsinvestor/ Dave, what does BloombergLP stand for? ----- Original Message -----=20 From: DAVID KELLER, BLOOMBERG/ 499 PARK=20 To: canslim@LISTS.XMISSION.COM=20 Sent: Friday, August 30, 2002 10:34 AM Subject: Re: [CANSLIM] Ernie's Forecasts Sorry!! Can someone tell me how to access the HGSI forum? I'd definitely be = interested=20 in partcipating. Thanks- Dave ----- Original Message ----- From: Norman At: 8/30 9:32 > All, >=20 > We DON'T really want to get into a rigorous examination of these = phenomena, > on a case by case basis, and whither or not there is any cause & = effect > relationship that can be assigned to them. Not here! >=20 > I think this is the reason there was at one time a TA group formed = from this > group. Maybe the folks in the HGSI forum would accommodate this = discussion > as they seem to delve into TA a bit more than this group. >=20 > Norm > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" > To: > Sent: Friday, August 30, 2002 7:08 AM > Subject: RE: [CANSLIM] Ernie's Forecasts >=20 >=20 > > even more examples of Fibonacci: bottom of a pine cone (each = direction is > a > > Fibonacci number), architecture (Parthenon's columns use Fibonacci > proportions), > > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > > > Regarding why it works in the financial markets, check out the S&P = from > > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the = street was > > watching that?... > > > > ----- Original Message ----- > > From: Mike Gibbons > > At: 8/29 18:06 > > > > > Hi Norm, > > > > > > My information came from quotetracker as follows: > > > > > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA = transmits the > code > > by > > > which every organsim develops. So the "shape" of a > > > plant for example is determined by its DNA. I recall (although = its been > a long > > > time ) that fibonacci numbers are found, for example, > > > in the number of leaves on a fern frond. In other words, that = fibonacci > > pattern > > > must have been encoded in the DNA in some way. > > > Presumanbly, also, ferns with that DNA pattern were "fitter" for > survival than > > > ferns that didn't have fibonacci numbers encoded in > > > their DNA. Now we are definitely off topic, but I enjoy a little > intellectual > > > diversion sometimes. > > > > > > 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 Norman > > > Sent: Thursday, August 29, 2002 11:14 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows The investors.com chart = shows a > low > > > of 911.06. I know that sometimes there are trades that confound = the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched = even for > this > > > Trekker to consider My ecology understanding dictates that = genes > survive > > > by increasing the reproductive success of the species. Now I = can think > > > "outside of the box" as good as the next scientist, but this one = doesn't > > > seem to be in the same room with the box Looks like an = observation > has > > > been made, now you have postulated a theory, who's gonna test = it > > > > > > Elliot wave theory is 'nother story and one that I don't have = enuf > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" > > > To: > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at = about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at = 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been = following > > > them > > > > have certainly been on the money and within what I would = consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave = Theory as > > > > Einstein had about the uncertainty principal - without a = rational > > > > explanation for why it works (if it does reliably), its hard = to > believe in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in = nature > because > > > > they could be somehow encoded in DNA, but I have a hard time = seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put = any > time > > > into > > > > trying to understand the causal connection and my comments are = based > > > largely > > > > on ignorance. If any member of the group can explain a = possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to = CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > 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 Kelly = Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > Norm, > > > > > > > > I was commenting at lunch at perfectly he called it today and > yesterday. > > > > Almost to the hour. I wonder if he tracks the success of his > predictions. > > > > > > > > Kelly > > > > > > > > -----Original Message----- > > > > From: Norman [mailto:theboyd@tisd.net] > > > > Sent: Thursday, August 29, 2002 3:27 PM > > > > To: canslim@lists.xmission.com > > > > Subject: [CANSLIM] Ernie's Forecasts > > > > > > > > > > > > All, > > > > > > > > I know it's a little (OK a lot) off topic, but is = interesting. For > > > those > > > > of you who subscribed to Ernie's S&P 500 forecasts, did you = notice he > has > > > > apparently called this one perfectly. He predicted a turn = window or > > > > 910-913. Today it turned at 911.06. For now, his crystal = ball is > > > working. > > > > For those of you who are not subscribed I copied last nights = forecast > > > below. > > > > > > > > Norm > > > > > > > > > > > > Once again today could be the bottom, as we came within a = whisker of > the > > > > 910-913 target range, and both of my short term cycle = indicators are > > > > suggesting that a turn is imminent. While the next target = level of > 876-884 > > > > is still a possibility, at this point I would have to say that = it is > not > > > > very likely that we will go that low. > > > > > > > > > > > > > > > > The 910-913 range has emerged as the high probability target = for the > > > > termination of this short term down move. The most likely = scenario for > > > > tomorrow would be a move slightly lower into the target range = or just > > > below > > > > before the market terminates the move, and begins to go = higher. The > second > > > > most likely scenario is that the market will open higher and = continue > to > > > > move higher from there. And the third most likely scenario = would be a > > > > continuation of the down move possibly as low as 900, with an > intra-day > > > > reversal featuring a closing price above at least 911. Each of = these > > > > scenarios involves the 910-913 target range. > > > > > > > > > > > > > > > > Despite the high probability that we are about to make a turn = and not > > > likely > > > > to go much lower, until we see the turn confirmation signal = this > market > > > > could still reach the lower target range > > > > > > > > > > > > > > > > E > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > = _________________________________________________________________________= ___ > > > > For your protection, this e-mail message has been scanned for = viruses. > > > > Visit us at http://www.neoris.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. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > >=20 >=20 > - > -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. - ------=_NextPart_000_05C7_01C25013.38EAAE20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
http://groups.yahoo.c= om/group/hgsinvestor/
 
Dave, what does BloombergLP stand=20 for?
 
 
----- Original Message -----
From:=20 DAVID=20 KELLER, BLOOMBERG/ 499 PARK
Sent: Friday, August 30, 2002 = 10:34=20 AM
Subject: Re: [CANSLIM] Ernie's=20 Forecasts

Sorry!!

Can someone tell me how to access the = HGSI=20 forum?  I'd definitely be interested
in partcipating.  = Thanks-=20 Dave


----- Original Message -----
From: Norman  = <canslim@lists.xmission.com= >
At: =20 8/30  9:32

> All,
>
> We DON'T really want = to get=20 into a rigorous examination of these phenomena,
> on a case by = case=20 basis, and whither or not there is any cause & effect
> = relationship=20 that can be assigned to them.  Not here!
>
> I think = this is=20 the reason there was at one time a TA group formed from this
>=20 group.  Maybe the folks in the HGSI forum would accommodate this=20 discussion
> as they seem to delve into TA a bit more than this=20 group.
>
> Norm
> ----- Original Message = - -----
>=20 From: "DAVID KELLER, BLOOMBERG/ 499 PARK" <DKELLER2@bloomberg.net>
= >=20 To: <canslim@lists.xmission.com= >
>=20 Sent: Friday, August 30, 2002 7:08 AM
> Subject: RE: [CANSLIM] = Ernie's=20 Forecasts
>
>
> > even more examples of = Fibonacci:=20 bottom of a pine cone (each direction is
> a
> > = Fibonacci=20 number), architecture (Parthenon's columns use Fibonacci
>=20 proportions),
> >  or my personal favorite: music = (Beethoven's=20 5th, Dvorak, etc)...
> >
> > Regarding why it works = in the=20 financial markets, check out the S&P from
> > = 5/01-12/01. =20 61.8% almost to the dollar.  Think anyone on the street = was
> >=20 watching that?...
> >
> > ----- Original Message=20 -----
> > From: Mike Gibbons  <canslim@lists.xmission.com= >
>=20 > At:  8/29 18:06
> >
> > > Hi = Norm,
> >=20 >
> > > My information came from quotetracker as=20 follows:
> > >
> > >
> > >
> = >=20 > As for my hypothesis about DNA and fibonacci numbers: DNA = transmits=20 the
> code
> > by
> > > which every = organsim=20 develops. So the "shape" of a
> > > plant for example is=20 determined by its DNA. I recall (although its been
> a = long
> >=20 > time ) that fibonacci numbers are found, for example,
> = > >=20 in the number of leaves on a fern frond. In other words, that=20 fibonacci
> > pattern
> > > must have been = encoded in the=20 DNA in some way.
> > > Presumanbly, also, ferns with that = DNA=20 pattern were "fitter" for
> survival than
> > > = ferns that=20 didn't have fibonacci numbers encoded in
> > > their DNA. = Now we=20 are definitely off topic, but I enjoy a little
> = intellectual
>=20 > > diversion sometimes.
> > >
> > >=20 Aloha,
> > >
> > > Mike Gibbons
> > = >=20 Proactive Technologies, LLC
> > > http://www.proactech.com
> = >=20 >
> > >
> > > -----Original = Message-----
>=20 > > From: owner-canslim@lists.xmis= sion.com
>=20 > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Norman
>=20 > > Sent: Thursday, August 29, 2002 11:14 AM
> > > = To: canslim@lists.xmission.com=
>=20 > > Subject: Re: [CANSLIM] Ernie's Forecasts
> > = >
>=20 > >
> > > Hi Maui Mike,
> > >
> = > >=20 OK, on topic and out of the shadows<G>  The investors.com = chart=20 shows a
> low
> > > of 911.06.  I know that = sometimes=20 there are trades that confound the
> > > charting sites, = so where=20 can I get the same info you have?
> > >
> > > = As for=20 encoding Fib lines in DNA; that's a little far fetched even = for
>=20 this
> > > Trekker to consider<G>  My ecology=20 understanding dictates that genes
> survive
> > > by = increasing the reproductive success of the species.  Now I can=20 think
> > > "outside of the box" as good as the next = scientist,=20 but this one doesn't
> > > seem to be in the same room = with the=20 box<g>  Looks like an observation
> has
> > = >=20 been made, now you have postulated a theory, who's gonna test=20 it<G>
> > >
> > > Elliot wave theory is = 'nother=20 story and one that I don't have enuf
> knowledge
> > = > to=20 address at this time.
> > >
> > > There, now = *that's*=20 OT!
> > >
> > > Norm
> > > ----- = Original=20 Message -----
> > > From: "Mike Gibbons" <mikegibbons@proactech.com&g= t;
>=20 > > To: <canslim@lists.xmission.com= >
>=20 > > Sent: Thursday, August 29, 2002 4:01 PM
> > > = Subject:=20 RE: [CANSLIM] Ernie's Forecasts
> > >
> > = >
>=20 > > > Norm and kelly,
> > > >
> > = > > I=20 don't want to be picky, but the S&P 500 sank to below 905 at = about
>=20 > > 10:00.
> > > > It then rose and fell again = with a=20 turn later in the day at 911. So
> the
> > > = turn
>=20 > > > was actually lower than Ernie predicted.
> > = >=20 >
> > > > That said, I do agree that Ernie's = forecasts since=20 I've been following
> > > them
> > > > have = certainly been on the money and within what I would consider
> = > >=20 > "experimental error".
> > > >
> > > = >=20 However, I have the same kind of feeling about Elliot Wave Theory = as
>=20 > > > Einstein had about the uncertainty principal - without = a=20 rational
> > > > explanation for why it works (if it = does=20 reliably), its hard to
> believe in
> > > > = it.
>=20 > > >
> > > > I can understand fibonacci = numbers=20 recurring frequently in nature
> because
> > > > = they=20 could be somehow encoded in DNA, but I have a hard time seeing
> = how
> > > they
> > > > could apply to the = stock=20 market. But then again, I haven't put any
> time
> > = >=20 into
> > > > trying to understand the causal connection = and my=20 comments are based
> > > largely
> > > > on = ignorance. If any member of the group can explain a possible = causal
>=20 > > > relationship, I would find that helpful.
> > = >=20 >
> > > > Also, why is this off topic? Understanding = M is=20 fundamental to CANSLIM
> > > > because 75% of stocks go = with=20 the flow.
> > > >
> > > > Aloha,
> = >=20 > >
> > > > Mike Gibbons
> > > > = Proactive=20 Technologies, LLC
> > > > http://www.proactech.com
> = > >=20 >
> > > >
> > > > -----Original=20 Message-----
> > > > From: owner-canslim@lists.xmis= sion.com
>=20 > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Kelly=20 Short
> > > > Sent: Thursday, August 29, 2002 10:36 = AM
>=20 > > > To: canslim@lists.xmission.com=
>=20 > > > Subject: RE: [CANSLIM] Ernie's Forecasts
> > = >=20 >
> > > >
> > > > Norm,
> > = >=20 >
> > > > I was commenting at lunch at perfectly he = called=20 it today and
> yesterday.
> > > > Almost to the = hour. I=20 wonder if he tracks the success of his
> predictions.
> = > >=20 >
> > > > Kelly
> > > >
> > = >=20 > -----Original Message-----
> > > > From: Norman=20 [mailto:theboyd@tisd.net]
> > > > Sent: Thursday, = August 29,=20 2002 3:27 PM
> > > > To: canslim@lists.xmission.com=
>=20 > > > Subject: [CANSLIM] Ernie's Forecasts
> > >=20 >
> > > >
> > > > All,
> > = >=20 >
> > > > I know it's a little (OK a lot<G>) = off=20 topic, but is interesting.  For
> > > those
> = > >=20 > of you who subscribed to Ernie's S&P 500 forecasts, did you = notice=20 he
> has
> > > > apparently called this one=20 perfectly.  He predicted a turn window or
> > > >=20 910-913.  Today it turned at 911.06.  For now, his crystal = ball=20 is
> > > working.
> > > > For those of you = who are=20 not subscribed I copied last nights forecast
> > > = below.
>=20 > > >
> > > > Norm
> > > = >
> >=20 > >
> > > > Once again today could be the bottom, = as we=20 came within a whisker of
> the
> > > > 910-913 = target=20 range, and both of my short term cycle indicators are
> > = > >=20 suggesting that a turn is imminent. While the next target level = of
>=20 876-884
> > > > is still a possibility, at this point I = would=20 have to say that it is
> not
> > > > very likely = that we=20 will go that low.
> > > >
> > > = >
> >=20 > >
> > > > The 910-913 range has emerged as the = high=20 probability target for the
> > > > termination of this = short=20 term down move. The most likely scenario for
> > > > = tomorrow=20 would be a move slightly lower into the target range or just
> = > >=20 below
> > > > before the market terminates the move, = and begins=20 to go higher. The
> second
> > > > most likely = scenario=20 is that the market will open higher and continue
> to
> = > >=20 > move higher from there. And the third most likely scenario would = be=20 a
> > > > continuation of the down move possibly as low = as 900,=20 with an
> intra-day
> > > > reversal featuring a = closing=20 price above at least 911. Each of these
> > > > = scenarios=20 involves the 910-913 target range.
> > > >
> > = >=20 >
> > > >
> > > > Despite the high=20 probability that we are about to make a turn and not
> > > = likely
> > > > to go much lower, until we see the turn=20 confirmation signal this
> market
> > > > could = still=20 reach the lower target range
> > > >
> > >=20 >
> > > >
> > > > E
> > > = >
> > > >
> > > >
> > > = >=20 -
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> > >
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