From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3009 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 Tuesday, October 29 2002 Volume 02 : Number 3009 In this issue: Re: [CANSLIM] NAZ: Third distribution day in a week? Re: [CANSLIM] NAZ: Third distribution day in a week? [CANSLIM] Movi and other thoughts [CANSLIM] STTX - Too late? RE: [CANSLIM] Movi and other thoughts Re: [CANSLIM] JOSB buy point Re: [CANSLIM] Movi and other thoughts [CANSLIM] OT 1 ---------------------------------------------------------------------- Date: Mon, 28 Oct 2002 20:47:12 -0700 From: "Aaron Kemp" Subject: Re: [CANSLIM] NAZ: Third distribution day in a week? This is a multi-part message in MIME format. - ------=_NextPart_000_006E_01C27EC3.31157ED0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable WON says one distribution day is usually enough to kill a new rally, I = believe we will be heading back to at least re-test the lows. ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Monday, October 28, 2002 9:46 AM Subject: [CANSLIM] NAZ: Third distribution day in a week? Hi all: If the NAZ closes red today, it's going to be the third distribution = day since last Tuesday. That's a lot of selling in a short time, but = hasn't really had any negative effect on the level yet. What are people = making of this? Thanks, Ian - ------=_NextPart_000_006E_01C27EC3.31157ED0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

WON says one distribution day is = usually enough to=20 kill a new rally, I believe we will be heading back to at least re-test = the=20 lows.

----- Original Message -----
From:=20 Ian =
To: canslim@lists.xmission.com=

Sent: Monday, October 28, 2002 = 9:46=20 AM

Subject: [CANSLIM] NAZ: Third=20 distribution day in a week?

Hi all:

If the NAZ closes red today, it's going to be the = third=20 distribution day since last Tuesday. That's a lot of selling in a = short time,=20 but hasn't really had any negative effect on the level yet. What are = people=20 making of this?

Thanks,

Ian

- ------=_NextPart_000_006E_01C27EC3.31157ED0-- - - - -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, 29 Oct 2002 09:29:28 -0200 From: "MARC FOURNIER" Subject: Re: [CANSLIM] NAZ: Third distribution day in a week? - --=====_10358909682199=_ Content-Type: multipart/alternative; boundary="=====_10358909683963=_" - --=====_10358909683963=_ Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable 1 distribution day can kill a rally attempt from the bottom. However 3 - 5= dist days 1 to 2 weeks can kill an ongoing rally. DEFENSE is the name of the game! *********** REPLY SEPARATOR *********** On 10/28/2002 at 8:47 PM Aaron Kemp wrote: WON says one distribution day is usually enough to kill a new rally, I= believe we will be heading back to at least re-test the lows. - ----- Original Message ----- From: Ian To: canslim@lists.xmission.com Sent: Monday, October 28, 2002 9:46 AM Subject: [CANSLIM] NAZ: Third distribution day in a week? Hi all: If the NAZ closes red today, it's going to be the third distribution day= since last Tuesday. That's a lot of selling in a short time, but hasn't= really had any negative effect on the level yet. What are people making of= this? Thanks, Ian Marc Fournier Marcf@erols.com - --=====_10358909683963=_ Content-Type: text/html; charset="us-ascii"

1 distribution day can kill a rally attempt from the bottom. However 3 - 5 dist days 1 to 2 weeks can kill an ongoing rally.

DEFENSE is the name of the game!
*********** REPLY SEPARATOR ***********

On 10/28/2002 at 8:47 PM Aaron Kemp wrote:

WON says one distribution day is usually enough to kill a new rally, I believe we will be heading back to at least re-test the lows.

----- Original Message -----

From: Ian

To: canslim@lists.xmission.com

Sent: Monday, October 28, 2002 9:46 AM

Subject: [CANSLIM] NAZ: Third distribution day in a week?

Hi all:

If the NAZ closes red today, it's going to be the third distribution day since last Tuesday. That's a lot of selling in a short time, but hasn't really had any negative effect on the level yet. What are people making of this?

Thanks,

Ian

Marc Fournier

Marcf@erols.com

- --=====_10358909683963=_-- - --=====_10358909682199=_ Content-Type: image/gif; name="WAVING~1.GIF" Content-Transfer-Encoding: base64 Content-ID: <200210271933290825.0792875A57B1> R0lGODlhZAA3AMcAAAAAAAAAMwAAZgAAmQAAzAAA/zMAADMAMzMAZjMAmTMA zDMA/2YAAGYAM2YAZmYAmWYAzGYA/5kAAJkAM5kAZpkAmZkAzJkA/8wAAMwA M8wAZswAmcwAzMwA//8AAP8AM/8AZv8Amf8AzP8A/wAzAAAzMwAzZgAzmQAz zAAz/zMzADMzMzMzZjMzmTMzzDMz/2YzAGYzM2YzZmYzmWYzzGYz/5kzAJkz M5kzZpkzmZkzzJkz/8wzAMwzM8wzZswzmcwzzMwz//8zAP8zM/8zZv8zmf8z zP8z/wBmAABmMwBmZgBmmQBmzABm/zNmADNmMzNmZjNmmTNmzDNm/2ZmAGZm M2ZmZmZmmWZmzGZm/5lmAJlmM5lmZplmmZlmzJlm/8xmAMxmM8xmZsxmmcxm zMxm//9mAP9mM/9mZv9mmf9mzP9m/wCZAACZMwCZZgCZmQCZzACZ/zOZADOZ MzOZZjOZmTOZzDOZ/2aZAGaZM2aZZmaZmWaZzGaZ/5mZAJmZM5mZZpmZmZmZ zJmZ/8yZAMyZM8yZZsyZmcyZzMyZ//+ZAP+ZM/+ZZv+Zmf+ZzP+Z/wDMAADM MwDMZgDMmQDMzADM/zPMADPMMzPMZjPMmTPMzDPM/2bMAGbMM2bMZmbMmWbM zGbM/5nMAJnMM5nMZpnMmZnMzJnM/8zMAMzMM8zMZszMmczMzMzM///MAP/M M//MZv/Mmf/MzP/M/wD/AAD/MwD/ZgD/mQD/zAD//zP/ADP/MzP/ZjP/mTP/ zDP//2b/AGb/M2b/Zmb/mWb/zGb//5n/AJn/M5n/Zpn/mZn/zJn//8z/AMz/ M8z/Zsz/mcz/zMz/////AP//M///Zv//mf//zP///wAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAACH/C05FVFNDQVBFMi4wAwHoAwAh+QQJCADWACwA AAAAZAA3AAcI/ACtCRxIsKDBgwgTKlzIsKHDhxAjSpxIsaLFixBjJQwUCKPA QyCtyBhppaO1LowkMjrD8gyaly8bPVzpEg0GNIwYaSQoQ0CsQ1ZEXll1cqQM kwMDWYm1SuRIAYGuCAhAlWoLFgEk5GSEEyFNlxjCYughpuxLMToPfn0ZlqwY NI1kyTIoI4CAqSywCsBql2qsWCKtUL3CtyqLqXunVhXASi4rMT24vmx5RoJl t2Iay7rGubOsQ43QnAnT0rIEzI07d6a7mKNiu10Q9KXK9zWLEouvCJK9mJVn VqxAHipbVjhw4KqTcw4u5sYNLlzEgDy+Wfk11ooRFLYrtWoAE/tdtrMIJL57 7+THjx9Kn946+uDG2fu2TleAedq1vVO9q5+/d8X25aWZXLLIZ2B6BCZI4IHs XTMggTsNZMV4r9l3H1T3BbAdbbh5N55sEojVlnTAHbKKcIikN1wPPYjoog/C rSffii2KdUZBdSl2mF063nWFYH0F+F+Gdu0YoosinuaccyweieSTEiwJEpNO InkjT4sJIohtSs0mQHizabjffq9VVSWUpqV55pNiqZkmmxhcOVBd+7nmYZkW enhFh1R1EUiZWcHZppuWCeoioYU+mRKWiyEGqH/+VcWbYRsKgIiCCTbSIqJV 9nAIpnL1wKmIPcR1UF1WVChIF/sVXnHhhPqZoJ+GsjHmHmcFlnhDlDG2516B h+xq2Q3T+XqQFQhE1dqFM2xoBauGEfZfVHfNd6uDJRbb4LUOxijjcaqdquF2 kI5JJo/6bRhAs3b5tll118iFa64MIgdvvARiW2+817Em6RXTimfnftJWJWt/ 6wnXyMIsLgxaifWy0ghIDLc18bcHgiSuYX/mRu4VHRNc2JcA67cmnGR5C5mh YmEm3XA3iIjGxuf+VzN/5Xo4KVUHnAwnoiwPCnSc4lZK7sB2cXQwbYDy5bOg owY9NAaL4hhAwVQhUHJVV0DLdceIEdldoqS+vHAjK2MwdctinL0wZKNWbTUL vPvpSNtieAcpLaAB8BadtvIqlytIxBVebODoDTeBBBMYnhCdtG3d54YsXNjF fZWXGci23EZsrXvZYszK4/9VOquXNUuqnyDsRcPtNdF4fm3sBirUE5GPboiA 13ZdlS5Vm8sHaoKeAzf84PLZDlULeurXBe8ahszdDK1itSSTLNaIsnPe9nBD 9oKy2L3cVkdaZLrqPto0VWoGnSSh7hMqp7+n12///ey/6X5Yaxvq5vwFYdVd Bsi3WRHwgAh8jZv2p7b+/UxN5CuIfMhDtwpqp4LjKR4rBJEXFlyPSRg7XnC8 98Hvyeh4hyChcyJYENXQToOw49YLs2WgzsGnV/vgutYND8EQF2oQOLF7HQxn FzHX3Yo9DCHeD6mTIFzNa4mIe2Lx5IUpJCqkGiobTuG2uMUYTeyLKuOiGL21 MDSkTIxdJJz2XFaWCB3EJlBroGkYeKgFMtCBaLLMzBJyBqnZkY54fOAf/WcZ ABYEjoQc5P7gt8hA1lEChiyIt2KkvTapzUWemuQkRVWoTraMjA4TDifbl0mK uY1hptljQvilRAOlKEXsaWJyHKMeb8UyirgKHQ6NBzrh9NA6M5SdEIV5q2DK x4ajW8gRlzjMiDXzQMhM4oKWeCAR0tCWTARVLXdpPG3CZyGMoOMlQ/Q0qCnS nOdkkx4V0sf4ta6vnOpMJzr1l8hIDqSdfnwTPPMoT37O0Y/2FEg4ATlOccqR nPt8X/ukdgOZKEQzjSleikSXTQXNCJsVtegO45PRBWlMmcv8oRFD6kwd7iuk vwQdM5FZUpLWEKUL8SaDKHpLmYbOQE1UoiYRJMt4lQicBkVoQpHESEymTWgL NSoaVrZOPt4xqU/tpz//ScgwsBOQ78RqVvMJ1QcG1Br4ZBk5xznUQx20rGcl m1jtGRAAIfkECQgA1gAsAAAAAGQANwAHCPwArQkcSLCgwYMIEypcyLChw4cQ I0qcSLGixYsUYxU8dMhaIBkgrWi8+PHKyC5ozqhkJJGRypcwWTJ0CfOMzIEy BAQSECCAAAEmr8iwMlQj0UAFP1pBGohozwAsArEIIEYMGjE9GNG0aXCrSgxg e1hFQxbryIJewWIQi6aRQRk+e1658pMnVJ4zrjyVwSVW06cB6ALuyVMAq2uI ZSmuKkZCSpgSIktgrFgW4svXZDVi9Pil5MlVFV9++1SnILs+A0Eh3JNF4adT ASMQXPow5sysch8Sw6U3FzEcc+e+TZzVbt+/gwu/TfopAgSDEaBOrRf2TsBX rtcmflm4ce/74Lnf1q0cvG3EB+HSbh27NHSf0wPMiP7+p09WlfNXNs//sP7/ /XmXmWIHWYFAINX5NNd02aEGVCCDtfdUF9fd0INaGILlwyHGrcIRR6t4t1sP F2YYVnkgCjdiVqSxIKF9d8FHGF5dAAbUYIFVJ4GJPErQww1AWkgij0RicEMg hwQCJIk7YngTTjbOZ91qT5kQyHV2xWaXg3Y1WaRan4Xp5ZcYiCkZhmekB1hU DnYhYQAtvHiFhAjiOOaXZp5JJph5qpVmc4S9uWV8MMIoV4JPNdnDIf8p1siF eUam1qKNytJDpGo9CWV8LLxHWIOlXdHFdCbgWKpPHA4nHm77xh1yQ2Q3lKcq d7IY92pki6aakHpSUsegdq31qiCiJswJ1XKrdkeerMiu2uqH3u0KlYQzCDro YPYJ8GZsgQhoGXGi1Rrgct8OWNk1ASoEl402SrXmlQ4KclppOArinSwfNqJv I4eQyJG4qYqo4iH8lrgWo8sKp+6a6+nkqYLACkDhlnMNxsUNe/J4A2MciYFx xmL5BpwYmhK07ozY4hhXoYW1PFiYGfPZ555m/qmmsKzJ9rBOgZyaGrBQ9QRz zGVimrGYJeMElISz2Vgxdlj+1AWigfE0tIlifYgVWDNjmPW+W4dps5oOthZh llv6NLWhsb33G8cB4ycaZo777sbY3YYEXO5ltTYmwW9nqflUXgy+iaCD8JY2 g6c69Zessiqa9/izHS1cmqA4GopyXJw/Za/jk487K3fgLZTTemarjJ2cqHeq k3JxC1epuN9FDl6lpasrsYQsoL5gaYnDJqzEVxxgYaz9kqj8kEWSiDxHQir/ Za6VSxtf0Gtaq7qNPB3Q9dFmxiwZGpZvb/75Kn9Ps/pESja2QaPWVZeM58tv //0CeB8+0UWLCb4ESSPIuKTCAhOYoIAHNCALPic63SzvR8vTG+76FaQl+Ss3 s+tXAAnirAYKKHSUY1boPkTCZpGOFQ3poAdHp8JxPQ5dLkwWChkyuxXKTj/7 idnPCs+VmRx6kIf6maFCqkFCEo5MDIa4mxKrYogkAqeIRkTiEvH2xLxh5YmH aOIUmYjFEYUFiYE7CBqItiP/8a9/ZvxfGvG0QWuc4YxrFJ/R1PiZo72vIGMk I/vINMf1xbF9dyQIEaFISEiV6ZBl9BohOVKiOeZqX/tiZJ6yRkJIFox8CrHM uRrFH2ixAhH30iTdRETIUNJqWZ7E4N4wI8SEvBCGK3yhB0EYIBky5JWwnKUM dSmeBj6OhrgTHYdip0pODqyEtwtmKUMJoIUw4oxcg9mdwBdNSdHRmnvCJELe yL9ITZOPe+zR/sgUyIFwU4/hLFIf8ZROPymP5JnQLKOe4jlOmgFpnmTSJkIw KDfF4KeBzLqhMVGZymIGkaCymt0tcWnD87Swlg/lT7IW+sqGylJ0tASdeIA5 O9p18jvEHChCE4pDf4YwdvnhmyycCU1EnumbfqwjkcRiMPaxZWv6NMg5u9lO cdaTnX80UTkFslM4BhWoRzVRTzEwVDe21Js8/ak6e1rOgAAAIfkECQgA1gAs AAAAAGQANwAHCPwArQkcSLCgwYMIEypcyLChw4cQI0qcSLGixYsYBR46ZC2Q FRkyugjsAlJGoItduJxZyZIlI4iMWrZs9DDmy4IyBHQREKCngCs7A/AMsCoW SZBWEAYqGdKaIAQBJGDogUaMVTQ9MDCyaTBmSwxgqVoVgwbN1psFva4Ei3ag DKE9WZgQylNAoLkChuYNcMWjjI9dYvUcHIAFC6GHZMm6xpixYlmsxGhVe0aC ZalWWSlu3FhWox6UV1rGMBbhW5+CBA0VKujwYBaBAq0uHNfnbKGsOOt2zIrV ITFcglvd2Dv3bs6+gysXQ7y46cE6ZRNGcNsw4Z8lCAe6Qhj38d37xQ8hKk6+ 9/fGvTeqL5/w7WqeCFxDn9F9L13CV6zUz/24v//yABZ3jX8EBkheQlbApt9r QfnU13sPEibfYAki9lsPWYGloYY9MKfeh+RdmOGGYTWXnnPPXTGhAK7p5eJ9 cP1023YBHCAViTiSeMOOPN5wY4453vAhjxjE8pxe9QUyoQmxzeWTktd1F9WP QOJ42ZWXVUkilped0R5+DQoFJXQtrLjdaldwR1iWWlrJ5Whtaviml89BNyFc Utqm51DWrQlniQQ+dkhWb/7ZQ2KB9vBmWzjhmSd0UEEHFIR3ZhdAIOsJeN41 6R3iowRCmmjccbJ4eiWjBVmhE337DqrZ6mwssPpkmCWoGIAgAG6KnG+Zkqfr NR9ypNBbfcZ1p32OxoVXdXnhmqtjnC2GnoG+RtsfpwcOW193x8b2niDS9WTF FbMFEh6AjWzUyGfrrruKb9QWl+5nHKZ7SHoLnRYXuZJGOliasyHgr1AzzMbF RmL4GKeOzI312w0LY3CDVVwY+SV0t93maMZI+ollxBsWSmWVl9GEIGwrHnsn C2H+FK6xU74JMgYiL2wZne39NCECrvaU5nURvsbqUD8XCmSHh6wrRoY1b9hh u41gRTPOR8KcZ7F6FjabXS3WyMVYYN9b3GO6KeYbxWCLYYjYm5UdGaqNPvmy zt372Sopvz510bMAYlP7a7zmbcoKQ+5lPdjAPkmJbOLXAR74eY7rOni+Mkoo 66N8rayymJ2CWF6gZvMa4uegTz5s5a3Wvbe3kh7Lb4+w74ghhlr2sONGmPZI e5Vo5JssjK9pvq3iPUkl8shaNt0m3G5h7vzzmN+ofJzTV0m1QTvlpf323DvP /fd5ISC90RFXDyTzAzneW2tymeD++yw4q/6gsfN4aG+gl2p7/fdrBjpDv8KW +kYFufAEq2+S45XnHnccAAZwgAw8zgATGK9NMeRa+YOg/wbEQcdAZoBk8+CA 1CetAfVnIdXw0AE/lLYWutBD80oawl7Ywg81Ymn7SAObcGqIsBF1qBoJQcPM 5CSzIZLPZkVs0/UIcoYhgsV8bYJijqS4oSUOpIlOpNkRkbjF5CWRdwlhRA/G sMIDjuiJNNMizZAWLHupZwyE4tIaVZi0dqlHUUk8VB2hBsSE+C9/jzHQvUT1 x7Z1xoDiWeAGdwOZMpKnhJxZSAB1M0EKVlBwgDuPJCc5LfVZ8pIF9Nt3FvLI /hTyg+UZJLwAlEFEKvKUplSgIvMXxizKKY1smlkXSbZLHDEPi7bspRe/OMyP KREhwHQiFYG0zJARM0dWtAYjbHnLKynTMjz6E/WwuSPk5Qh9pCsdtdbTt7EF KpXBCmeBHGlOAillJDcE/FslQ5lJegbIgn6Mpzw9icnI2ZOVmsxnKcUpyHIO 9D/o3AgiDFo6duLvWgOqJTWfKEcjGrN8FcURVbDyy4lqMaMgE+aWnomjaCYz iyLlJUhVelHrIdOjKWVmS6NIUhItMSAAIfkECQgA1gAsAAAAAGQANwAHCPwA rQkcSLCgwYMIEypcyLChw4cQI0qcSLGixYsYCwayIkNGF4FXOnoU2EVGoIqM zqg8g6alSzSMHqZU+bJlI4qBugS6EqCnAJ0CegYQcCVQ0AAyrqyyVtKkwZwg uaDBQBVDDzE1xfRgBPPgTJZVr2aN5VUl2YMyArBg4XPoUStBBRxFEPdozy6x mqYNcIVnAC5ixKySJWvWtcOICWvlulKlhMdXAw9GTNlRo5RhwjiWgCbh3p4I rthlEYitUKKiT18xLbR1TxaCWLGiTDux7ENiuOgGfOiQbFayalNmdYjL4xu8 FX5Wa1S1XdAI3A5drdqvz0C/DQun/ZsVokP7iBB1l70d8Szi4MEvXC637VDQ LewSbX70KAvrPWNnB064v39Z4wW433+yoCEGYQGup9ZzLHQhXyDNCVWUfNS5 NlQg4t2mVQ8cVuUhBmL09l1v4IWnYYcfUtWDb7+tR5QVrYUWV0991SWdWwLE 5xp1N/QgQYpAfihBDzcUWSSHPwb54YokKijfjgxCKB9Qqrn32JVKBnnllo9l KeSVnXnWWo2nldYaUQ7GyNqFz3GZpJceurklnBhsGZOYp62ploXvtXdmfa65 mWIPjhAoyyE91CmnhysaKouPEpyhIFx8/nnmhKpF+JpcgZDYm4Dl/XbIDceR 2F15AB5yZ0L7ViAQSAvVudZFahLSB9qaP12BgH4CsqJdedfcZup4vwp3HkNp +dlTC3pWWJ99Mw4FhU9B8dqrYcElRtg1APZ6araH/ccKsjHit+eZO50piCCj BTLtdSx2l6GovTXSSKI9NOKpbPOOR6K9iVp1yFIK+oSpwdG1BuGZVAq1ll0H 3BAiiWLcQCejE1NsMZ1hOGnjmRYqS+2NfR4l55wXn/yml2EitJogtAbQAoyV SghrmZrOx5bKXaZ88sWSekYUa6g919drPUlZnY337UzVoitbJYa99qIRsMpL okG1vWKsitZ7C7pm2lp7skV22O0JsNOMAlAc2Ntvf8pfbYT7rYIb3HGzuG1t BU8Xs9q4mimUq+zNKp+v3nZXrHC/hdevbItT5uTIILv2HHSW2ygA4on/Bmyw nUeOmIsxy3xznq6tYKGOqgnCggCPx8vKKo872m3n/BmqnNoJ+01h6RX61EXv rwUS3Y8cJu8pkcmjGCSHniLafMBAel1Qspln39rZDvNpcpw/X6yooF4G/XXN 6KdfadQ8+0y+l9YP5KBc9Ndvf/3o308/AuyHTyfW8EsI7gJUmoe9bi0IgI23 /EMcDh3pSMqTje0QZaQKQi93BFKIrz5nnvMMcBaisw29SDSvEB7GO9GLlwk1 OBsOHsaDuDPhCz8ILNyVh4X7GNyWowb4G//Q5na42xu3RNi5vfknIdUIzBjG kMIm9gZvUMzbIag2xSreLYpwW2K9rKY1fWExixSjXg/OUpCpiA9Iizrj094H J/8pqWUEOYMav5TGM9axjXcMkvniOMcU/YiN/3OjkgQJJDgOhBGMYqITPTUG 6v2xTpBUkSL/pa/eNHKNWEoSk6a4NX0lqo6b7KQAx+MobjGwOykkZX8o0x9U Rq+HQhwOel4JS74hJEAuvAYMQ/c5Goaqczc8SIBkKMsBfm6X16ohL4Vzy17Z DoiN8440A7RDV9JSgtVsYncc5ZU+aml8UXMflsQ5zizFT47epCOX1EhILQGu Ekh7FIgcw9nHPOJxneQspx4NYsZ0gk9R9XznII3UJXp6KH7WCGIOeyWeYVGT QNbc1zYNdZsROTSH/Wmm4ohpHh4SE5mg+qW3QqjR/eQSdDE85jK3Y0NmCjNx z2ToNFVJ0RFeFJs67JYTJwquaxykn/5cIzjnaE8VWQ18+MQYVtBQDYPMM6iY RJn42onGonrIkNZAJ1SpOkir+tGrVIlnViMZVIF6iatfNWtYCRIQACH5BAkI ANYALAAAAABkADcABwj8AK0JHEiwoMGDCBMqXMiwocOHECNKnEixosWLBWNh NHhFhscuArt4lNFFlrVDFBmdWcmyJaOHKluewbCyUcRAgazF6ijDSqArAgII DXAlUNChRQX09CmrS86Ch8LIxECVag8xaLKK6cGIkU2DMVdWvZq1rBiND2UI uMJiaAABbd8KFXAUQYu5QlkEjTuSS6xAASQIvipGDCtZiGVdW7w4sRhGaGQK plrYsGLGjFlVUxkmzMuEMtzKHSogEBS3a42SxnlUNIK3gQ4dQsSqNubbmGWx OlSYi28usmvbxs1Y1iEugj8jDI0U6Oq4QxG8Ho0AegAWV0QLEs6dOHFW+4jC y6bNnZV3zIhQLmQ+tzXet+4DIHCO+v3Q7eWHH07MH3H+/9fs119itTEUmnV5 oXYFfW8l5VZ1oukVQGzjlcdbDz1UpSEGYsgWnIfh1XZhhhtapZ5Cal0xXV4M EpXdaHS1995RbAVww4039iBBiTxueOMhON6gY488KrecaEcdFVeME961mmp5 BWKdYFRWSSSPVWa545VVnbGeW9i1ZkKNTyro5FASDqWllVxquOZkbWJg5EGh JYkgAvGxgGCS8Q11wJtwmjigLI1kCOhYhwxKaDUKWREmmKJFKhSZSEkJZnYC eKiph+Wdp9tuOkpwA6fCnXfNeqVZ95No+wuKxhqYLbg3H13//ReNqQHuRip3 t573JZ/wRYggC8zFJ0AUSb5VK4CIFcffst1ddk1/X8716lCWQqqgdSxc+9Yh IoILrWyNlEtiD6SG+J+HhWroJWhPtlbaipNalyqS9AZGlQRXASebGDdsGWe/ vv17Q5xowLtksqPVh6SkaAq1JaCBxvlmm+8e5Gi2sEEplHQRRpommqbpuy/F cZ6sZZxzDpRiUHStxaDMrCLYYl5BCazyyhteVW4jaJB4qIY9oPEz0C0LVGeD QDG5cIT52okkIv7tVtnVhRki7n63+WcI1pVt3ext8M7loNnxUdogty0KYN5i 0UDbnam1+4WXHnmlegcvsA73TZqxpCmLWdxyv31e4aYut5Z1LeyZrwmRvoia lAJQTSB3welanqKfbi0i3gJSS+e9Zre4oLxql2ZsIK/pjAGGsKN7SOywX4nh pkLG3mPSS6NmbJ7DSnqU625e3ObQV7bMHsTMN8888VUhfyXKV2bsMnwxZ6/9 9n0imT0L0O+cZcrSF2mQlIEU/p+UJpjAQvvvu9/t5gOKiGGOOd5eG+ez9xBk 7ugKHX8QUp5e4Wox5RGEAvEjHAPSTVebytvhNlUhw+GGgLxy4AMLp0HvIG6D y9LbQWrFn2k15lnq219iTHjCT8lthSV0od3+c5kBGiQW+1gbw9UouCmw+TBs HgoaGnr4wx3KJmhW6VARjbgVDc1pJuFLWfR4JkUMrEmKxiOS9awBxYpVUXxU +qIVr2ixLPJoi2cYnxjByCbykfF4ZixRwgiCBivui2g8pOAYSDRGNb5OU404 RCA9ZCgq9mAM5DqabAq5MtkdrVwjhFZ/TNgfC2kKdCvEjQt5KJxM3iZcEVTh BQ2yrA4eTn0H/OApQ0icSLIylajElSo9CC0RFiSFnMvP3WbjORUOCnOX9Fwu OcmdARmkjmGMIvn66MUy+hGOzyzRE6m4Rma20Y3UJFIcN4TGbWLxjdiMZo+8 2aWCINOO1XQTM9FZRVEFkWxHynQTjsJIpJal0JeVzE8oO5lL4VCQfvWDoKaK KbpbzhKEtZRlQldZq1aS8qAMLSUsX0lLijJmhODqZX76acnZ0FBRwNxn6IoD ShARdIXHHF88oXnNcNKzZ1hpojVfSjQxMIogacymGMmpTZ2OE5zcLEhOJ9PS bwKVpUXF0lHLSRBGlM+oS+2pT3+aVKpkLCAAIfkECQgA1gAsAAAAAGQANwAH CPwArQkcSLCgwYMIEypcyLChw4cQI0qcSLGixYsYI8oKdEWGxy4CA1nxaEWW REZnUqZEw7Ilo4coz7REw4hRo4eHVgXyKMPKKmtdeHYJFEhAgKMBrhQ9apTF oZEeAx2MKRODVas9xMxE04MRTYNUWWLViqaRLFk0by4MlJQF0gAsrrwNMMNt AAFG7x5FcCUv07uxAnERo1KCBAwZxCgWc1bWtcfXrF2TxUpMBqopDUtIrPgs 5M+VYy2UoffvW7tIWQhailSpXxaBUAfAsfgQIkSscuf+zPsx5UNiuAhXfOiQ bla9P5sc/dZ16isI3gpwjhSBW7xHZQsIdLz77uT7n63pLu79O/jIzJEKkF1a utH10q/0nYuXe/njkxvrb3y/e37+LLFy1kJWxGXFXOzBpx512c3gF1x9wYZb f8D10EMGV2WYgQ/GIWKcdxVemKFVGaiFEGksaDcfU/I9GBdTeeXFwnt2TXDD jTj2cOOIPPKIY3E36Nhjj2coRFp1MyAIY3b0reaXAIKseJRmVFY55JBVUnll hi+duCBrd10hG2xQxCfXWy2wd1iWWm7JI5uGuYlBlwehuORrD8KVZ4x5wjWl VXAelmEPh+zXWA8YwDloofo9xko1CBUYW2qTSjeXn9IFIoiLgUDBwoS5FSeq qMc5Bh5lrBxyg2H7N5Cq23kJybDdkxw92YWU0x2onqZ5toAXctf05995jqbq Kn6weinjdTEeVReCCb4HxYMCIOeYsK9Oppxnk2HrG2TcLmfQkXcJsiml7LEX gKcLCqLdIY00opuH2BYXbyOI9nBvqtg2Ai++V/UA6bi7gjmditEtOKaYcwk6 qBijioGonFclNmqFFNM5EGnYdWxXs6ZZSh9TMwbgcIaBUgyoom4WWZCsgnQR o7lPMnzapVKGyUqZJ1+VssqJsiknGuNOlyRTQ70XJq42M1XpczOKEa/EI/4c cFnxcrWylTz2gHW8AxPEcXbM3jUpdnrClS7Z6t0FbH7jAbdYbR/7NvaYZHAD d8MEc0NsnN3hEew009rVCvVbRFH7NmjYLg5eqB8OCx7BfI7cHtqpuZig44wL S2yw3k7+clIulqlwfGsj2JcAiBh6VuO5uc4fK6B6Jzt6Ym+H2nZM45r4gtT+ 3vOgFhIqavHFb2nhxYcgP6TG1qAoGwJ7Vq8kfXkN/2aWQFtN5OiXhi/++OJr X7XQKqN/pcsD6aoeXvDHL//85OOFgPnnc00xy88XFFuKKRIE7LzjLgAaMIC6 kd3rmqejHBWvbrJrHo4cCEG7HcRzkMHb445jig6aQnLEipttQJgc2l0MWby5 IAbRE8LGfa5YK9xgf5Kjwv7sJzL72toP7BqFN8+8DluA883shMWtyRgkFn2b W3HGMAbmOVFuSZxbE0fVCIllZYlRlKK9spavvkGRbv/iCvTQAKigAW1L3Dtj 0NSHRv5liH0COUOi5igo/MnJjftjYxv1xyM4WkOOa6KjGnuUxjMW8o56vArR CMIIlRnvX/diHqLiVEYMPHKL9/JXcSaZRkJlMpPNW2ObjHevGjauMRoU4g9z 46FjCSiI24LcCWNnqt7IclQJrKUpQ4fD87jwhaCbYQuFmUGDDPBtqbwbZGD3 wl/6MoYIOSYtFXhMBa6SeaWiphOzKS5GDtKQbQJnOBF5SKtA7490bJMd7yhK NSaxco/jtIof0SlKzVTSnem0pzv5CM94YmCejfxm9yi5Txytc0QG1SeXdrlD anbnNuTpjjVRRS+ISlR2tzwWKhnKSxrCMIYyJGZIy1NMY0oTmANsJkhtucJo SvOVDu1ORLnpuuPMMpeA+yHzajcgsAg0fZQ86Pb8iRWWTKyeBL3KOeUoyEAK 9Ur6eypSn4rHfxoEkD7TklQJyc88dhVLepwnU506x7J+c01x2upUgRpWggQE ACH5BAkIANYALAAAAABkADcABwj8AK0JHEiwoMGDCBMqXMiwocOHECNKnEix osWLChkxwqgw0BWBgazIkHFFlrUrMgJNZHSmJZqXMBs9ZOkSA4aXMjtaWbXK YKCRMqyYRCkjgIAugQQEMBqABYulAkjKksVlI0GaLbPaxNADpldGsRBiPbO1 q1c0C2UIuMJCZNBAq5QuDXDlitK7LOTWlWs00FMBTyW8zCqhcGGbYsSwmnqt seNrsg41QpOVsATEihk/hqywKF+5cvNC7XtlrlFBgj4LsjsXQaBDiWMfms2q NqvNuK+xgs2ld2LatnM77myaBeulLPyaFhCoy2e2RkE/ZSrANiJEtrPXFr7Z 9uxD+9oXc79GXADo0UxNR0cfevrctebBh58Pear9+7Lmh6+Pn9XLhDIkd1xU x0HF11JWFMhcgX0pxYV84F13nXaw9dBDBltlmIEY4H2HXXYVXpihTRmEZZBn d+E12loKQkddC3+Jlt5lW91g4402jqijjjjiuOOOZxxUFFSBpPYea+Yhhx5d fyHHSlKm0WiTYVQa9uOPVVp5ZYZWETSkUTNASaR7TYW03E/FdTGDejpmqeWW Gbp5GJwYdDmQWtMlKeOByJHZFJ/SGbWYLD1MKaeUXB2Cn32FyplhD4oyZt9B bAniHguCiAmVn37+udwVgkDBwm31eTebjd9px11++7vdUNgNwAWXm5DMuSfA as+1aMWZpS3XgnmkPgaifKqOp9tuqRYr3InpObWeAFakiJ6zxeX5nqCPTaXf frJkax9k224HmWPfMgsVanxhCgWv6nHKoACSNSJvrLuFO5u8jRTKVSPEfjhf vPluZac1Xx6l6VpksvicrUjxCecNHH4nxg101hixxBRvGaSXy91lAnugAdpu yEshuqOjFWNwqMYFFWWFrYEcHPNzXyrpK3Qmt4kynTv/iJaXtb7XhXNHQnnX zEceaLBSEvQgBr5i6LuVmzt2hW8jUavcM1doyFtNy54G8HGSAUT7LALSNqve s4h06622s8UmN3Dl+1pD7m6JTTCBbPJ925i5S11xsItz7TUXC13UTO17wQoX rrjjmbofboAbZW16mPPJAgKmIcD5co07/rixj4dOHth+CvBr5+9yunaSArS9 6H2l1za7fbUPOtWJRyneIoPJfUb0ex4plfGWFlr4XfLMIw/p8sxLbdPARS1u uXpkv6e55tPlfOXWW4JfJ9hrl2/++eZ7j2WWKRtaJZCVv27e/PTXTz/66p8s vv7sjziwNX5xigAHKIjc2cZSAjSBUxTIAmLdzj6HsFCPkte320WwRzdQnu1M cpDcGUtYpfvgsa4zG3+ZDjfI8lB2htPB2omwMS40FqvCRToa/q2F+7mTlNu6 xcMZPs5vuPGhfvx2HxiGa1IGqYbclsjEi0kmXt+RWBOXGMWr8StuU+Rb3PTl NNhk8WIHQYPK3Pe+9umsfymjWsV69rOCkGVqY5RS/uDUvzmOaGVrRCMGNlYQ Md4xjnakox7TOMjvqfEmB6mG9FL2PCsu746XQVQjrTgvfZXRJpOkZA9Q1oOv 4dCAG8yNEFNIrA1qJlumimJ2TtmdKCarNgkBpXhEGMPIjY47pUvIsUD5whB+ 8JaiC1csZWmbB46yXvMxZirppbtF1caVpRTL98ZoRv1Rs5pau6Qgy/g/gbwx TlPKJjanVkieaXObVLIJH934x2ymnzOQ60tn+/Z3xvet8yrjrOac5mTGG8nT nDbSUjcFQsxV3i48HWKmMYWoymIelJTAUUhB3VZDYNpyWxedj0QLekIUWjSY GMXltjbK0YVSaFv44c8MoWnQlLLKlbZJCCPyOc5/6shpizxk1bLmTisN9JuQ tCk2y4nON5nTnggBKhwBqbV86jSP5zQkUg+iVBpFMo40fR8840RU/mnpntYI CAAh+QQJCADWACwAAAAAZAA3AAcI/ACtCRxIsKDBgwgTKlzIsKHDhxAjSpxI saLFiw4ZnWGEUWEgGTK6xLLWBaQMK6smajzDEo1Ll40erjzjEoPNmAcPHbIW y4pJKwYdBfIJMpDALgGSBmAxQ0AAp0+vdOHikqPBmTRt2uzx0qUYRoxwFlxZ cytMWbLEFpSxlEVSpwKs+PTJ5coVpVGtKIUKN9CMt0nFiMHACA3LwxISS+gh WIwjtNciS0b79TBim41ZQZYcGSFbpUwBL30L1e3Tt12uQH0qSPVezaxYHWrM hYtgnbE1c94dWdZsMbVt6zwUWxZvzgc/R3X99orppCyG4hUgfTpfAQJYRc7N vXvu4/u8Yw8n3h18Z4Ns7z51yoIv3qTO37t/z0JQIBaI0Hrf312WNbQD+ScL f9xdAyCAkiUnAHNPBdLFagLM8Bx0qy0VH171XXGAVowRR95w3s3WQw9alYiB Dx6KR554Yoxook1WDcRWaXDNZ1eFFyrFHIROSfDiYj3cIKSQPfj44pFb3aAT kTcYiaRNZ6y1VyCBrBadXhiKNtppUU0YgJMlKiammE/+OKZiZWIQJUHKtTVd FxMuOGF0JmB433tlnolmmmHqCeaLMQo0Y4XtiYYdhdMxuN5eT2mGFlqNkGiT n2D28JiAj0bqZ4mWPmrNNehRx1x9Ve4lFaHvbWlne/va7TZgbsMpCWJuxoEn W5OKyUorbwZZEd1zokJ4qql/gZYjfIEgkJ1513C3YoHMNjsebtDuhh6Xh2Yb RY2kPeWll4sue5x+BH4HaoICPVpuq7WCem1zDNaH5VtUojpdqgLo1Mi+/PKr 4rqNHLKvpBj0MOsqsHIX8MCBWqMcdaU2F+cVEXeJ1xXF4vUnkh0O1yKfHDYm xmw3PLmmjNbJ9xawi3KplLKpbozkpiBjQOmRDbMl4XRtUicIhPVmSZ9pMh95 c800l4jGtXe+rCjF3EJtaoWiJlUpGgI3ggbBNuv5ImP9bt31mSb2MJKULJg2 nxXuCdBCU1wWCm7aT/sR92i7vemnk8iNUfsobwOKcYNtIhtCHoDvQscgdV7e aOqcXmbXarTrTm6ebKsg7N15iXurMr4tVxgAAt+aS/m6pxPIuZQyiC46Aggk WrGqoCUVCHd3566ueATq/h+563pGXcYWCvt0xXIm6tYNIzafZvOy6tS8808a PO30PTQsqJt7Re6666kWmljNfZINctIns5nq+uy3zz6Z5B+dZtLak4Sd6Ovf r//+/L+3J/ljgx+fblY/gcTmPmlLoALTdrvK5QaBCWRe8w6nu90dIkhDmp7d KpiWEQ2JSCNSSLMcaLrUsUIQgshceaI1wmmt6HQujI0ISVhCZjmQhfsjLJcJ u6OQV9GwOMb5FLqAt667CbFW/6nc3wz0n9/xRyHVGMNsxsC3KopMii50oRWr OC2tcWU8W+zbcMS2FZH9RjBnOwga8oSmop3PfPGD4/zOtDSEnMFo8gOg1/SY tDmKKX0FWSMe+xhHOQ7QkGz8Y0KqMZ4xcM1H46sUFrM4HElB8n9bGU+/pBfA PVlPX/0KWJHGVEeE5O6HjvIP4Hwom2n1R5XhUdF4aLUZV7VyPAvhDCotd7kb 2lCHO2RFLnfzQxySMJib+2VuGDIgVu6Sg8Bz5X6gKctZ0tJT6prWQhjxRgA+ SYB8BKcfJVDKg9wxkWPy5qQQOU5MjrATkAU55zcJibR0utFM7BykBOBJEG7q UZ0mEuchMQjJmn2wgAFqZuWo5R1osjKGuOMgrCAKxAOpCxHDYUh4cuhLZCaz l8C0FXc0SkxUGrNyHq3WcXi4EHU50zuI6B01nTWriEq0ms9KZa2ymVGF+LOe 9xxn18Ip0IK5hGBiKqdB5DmzTroTqEWdZz4Dqhh+DoSp33SqOumJzqhSNTFW FQhWf2SzsU0KoHns6lP1adWAAAAh/u9UaGlzIEdJRiBmaWxlIHdhcyBhc3Nl bWJsZWQgd2l0aCBHSUYgQ29uc3RydWN0aW9uIFNldCBmcm9tOg0KDQpBbGNo ZW15IE1pbmR3b3JrcyBJbmMuDQpQLk8uIEJveCA1MDANCkJlZXRvbiwgT250 YXJpbw0KTDBHIDFBMA0KQ0FOQURBLg0KDQpUaGlzIGNvbW1lbnQgYmxvY2sg d2lsbCBub3QgYXBwZWFyIGluIGZpbGVzIGNyZWF0ZWQgd2l0aCBhIHJlZ2lz dGVyZWQgdmVyc2lvbiBvZiBHSUYgQ29uc3RydWN0aW9uIFNldAAh/wtHSUZD T05uYjEuMAIIAA4MAAIAAwAAAAAAAAAAAAxmbGFnMXdyLkdJRgAODAACAAUA AAAAAAAAAAAMZmxhZzJ3ci5HSUYADgwAAgAHAAAAAAAAAAAADGZsYWczd3Iu R0lGAA4MAAIACQAAAAAAAAAAAAxmbGFnNHdyLkdJRgAODAACAAsAAAAAAAAA AAAMZmxhZzV3ci5HSUYADgwAAgANAAAAAAAAAAAADGZsYWc2d3IuR0lGAA4M AAIADwAAAAAAAAAAAAxmbGFnN3dyLkdJRgAODAACABEAAAAAAAAAAAAMZmxh Zzh3ci5HSUYAADs= - --=====_10358909682199=_-- - - - -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, 29 Oct 2002 09:38:10 -0600 From: "Edward W. Gjertsen II" Subject: [CANSLIM] Movi and other thoughts Just in case some of you were keeping score - we were out of our 1/2 position of MOVI at $17.91. We are seeing leading stocks (MOVI excluded) rolling over. When we have seen this in the past, the market soon followed. Anyone have similar insights? Ed Gjertsen II ed@macktracks.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: Tue, 29 Oct 2002 09:55:19 -0600 From: "Kelly Short" Subject: [CANSLIM] STTX - Too late? Any thoughts on STTX and whether the train ride is nearly over or if it = will continue its LLUR movement? - - - -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, 29 Oct 2002 10:39:51 -0600 From: "Fred Richards" Subject: RE: [CANSLIM] Movi and other thoughts The consumer sentiment numbers were terrible. If this market goes up, you can bet the Plunge Protection Team is hard at work. We were stopped out of several of our stocks yesterday. Not a good sign when strong stocks go south! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward W. Gjertsen II Sent: Tuesday, October 29, 2002 9:38 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Movi and other thoughts Just in case some of you were keeping score - we were out of our 1/2 position of MOVI at $17.91. We are seeing leading stocks (MOVI excluded) rolling over. When we have seen this in the past, the market soon followed. Anyone have similar insights? Ed Gjertsen II ed@macktracks.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: Tue, 29 Oct 2002 09:45:35 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] JOSB buy point I'm not sure if this is a question or not, if it is - once a stop price is touched, your order becomes a market order, so if 22.30 was hit, then price bounced up immediately, that would explain your fill at 22.50. On 28 Oct 2002 at 18:53, Karen White wrote: > Misery loves company... I had JOSB stop at 22.3 and it executed at 22.5 - > not sure how that happened. This doesnt really make a lot of sense... - - - -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, 29 Oct 2002 09:11:05 -0800 (PST) From: Eric Jaenike Subject: Re: [CANSLIM] Movi and other thoughts - --0-56577302-1035911465=:90489 Content-Type: text/plain; charset=us-ascii I agree completely. Following is a list of leaders I have been watching as a tell of the health of this rally. Look through the individual charts and you see a lot of post breakout weakness. ANT MME WLP RNR PETM TSCO JOSB CTMI PDCO ZMH BLUD MMSI BSX IDXX STE UHS HCA APPX ELAB FRX IGT PENN RINO JCOM TTWO CCCG YELL AZO ROL VAR PFGC ODSY. I also consider the action in the indices to be much weaker than the headline numbers might indicate. I wrote a series of pieces for another discussion group that I will forward to this group with subject line OT. (They stray from CANSLIM in a number of areas, so I don't post them here). There is some discussion of my concerns regarding the indices rallies we've seen, as well as other concerns about where we're headed. I think we are just beginning to see the weakness in the economy that accompanies a post bubble period. This economic weakness has been masked by extremely loose monetary and interest rate policies, which artificially boosted housing and consumer discretionary spending, temporarily boosting the economy. For more on this, see the following link: http://www.gmo.com/siteservercontents/marketcommentary/jg_letter_3q02.1035368485.pdf This rally has been supported by the wrong stocks, in my opinion. Stocks such as IBM, MU, INTC, etc., which have a disproportionate impact on the indices, and which have made this rally look stronger than it actually is. Eric "Edward W. Gjertsen II" wrote:Just in case some of you were keeping score - we were out of our 1/2 position of MOVI at $17.91. We are seeing leading stocks (MOVI excluded) rolling over. When we have seen this in the past, the market soon followed. Anyone have similar insights? Ed Gjertsen II ed@macktracks.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. - --------------------------------- Do you Yahoo!? HotJobs - Search new jobs daily now - --0-56577302-1035911465=:90489 Content-Type: text/html; charset=us-ascii

I agree completely. Following is a list of leaders I have been watching as a tell of the health of this rally. Look through the individual charts and you see a lot of post breakout weakness. ANT MME WLP RNR PETM TSCO JOSB CTMI PDCO ZMH BLUD MMSI BSX IDXX STE UHS HCA APPX ELAB FRX IGT PENN RINO JCOM TTWO CCCG YELL AZO ROL VAR PFGC ODSY.

I also consider the action in the indices to be much weaker than the headline numbers might indicate. I wrote a series of pieces for another discussion group that I will forward to this group with subject line OT. (They stray from CANSLIM in a number of areas, so I don't post them here). There is some discussion of my concerns regarding the indices rallies we've seen, as well as other concerns about where we're headed.

I think we are just beginning to see the weakness in the economy that accompanies a post bubble period. This economic weakness has been masked by extremely loose monetary and interest rate policies, which artificially boosted housing and consumer discretionary spending, temporarily boosting the economy. For more on this, see the following link: http://www.gmo.com/siteservercontents/marketcommentary/jg_letter_3q02.1035368485.pdf

This rally has been supported by the wrong stocks, in my opinion. Stocks such as IBM, MU, INTC, etc., which have a disproportionate impact on the indices, and which have made this rally look stronger than it actually is.

Eric

"Edward W. Gjertsen II" <ed@macktracks.com> wrote:

Just in case some of you were keeping score - we were out of our 1/2
position of MOVI at $17.91. We are seeing leading stocks (MOVI
excluded) rolling over. When we have seen this in the past, the market
soon followed. Anyone have similar insights?

Ed Gjertsen II
ed@macktracks.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.

Do you Yahoo!?
HotJobs - Search new jobs daily now - --0-56577302-1035911465=:90489-- - - - -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, 29 Oct 2002 09:14:43 -0800 (PST) From: Eric Jaenike Subject: [CANSLIM] OT 1 - --0-1810986784-1035911683=:86031 Content-Type: text/plain; charset=us-ascii Eric Jaenike wrote:Date: Tue, 15 Oct 2002 15:14:37 -0700 (PDT) Well, it looks like our debutante woke up to a prince, and not a frog, as the rally has continued unabated. My concern, however, is that she will end up at the Mayo Clinic with a nasty case of herpes. There is really only one question that we need to answer right now: is this a sustainable bull rally, or is it a huge oversold bounce? Before I delve into this question, let me say that I would much rather have this be a bull run than a bounce. The bear side is much more difficult to play than the bull side: the countertrend moves are much more violent and difficult to time, people are generally pessimistic, profit potential is generally more limited, and it is far more stressful to operate in, even when you're making money. Frankly, its getting a little old. However, my own personal preference should play no roll in the analysis of where we are, or what the proper moves to make are. So back to our original question: is this move for real or not? Fortunately, we have our discipline to fall back on, so let's fall back on it. As you may recall, there are two main parts to this analysis: the price/volume action in the general indices, and the price volume action in individual stocks. Let's start with the indices. On Thursday, the day of the first big ramp, we rallied off a very oversold condition on what could be construed as positive news. Friday saw similar action, with GE's non-miss, the IBM upgrade, and inline retail sales numbers (recall that in a negative environment, meeting expectations is often akin to "good news", even if those expectations had previously been significantly ratcheted down). Volume, however, was notable lighter on the NYSE. In sum, we had two positve news days, with the second up day coming on suspicious volume. Recall that positive news rallies are dangerous and very susceptible to reversal. Monday the indices were up slightly, on light volume, as the Columbus Day holiday killed trading volume. Tough to call it a negative day, because volume was pretty much guaranteed to be lighter. Today, we saw a massive ramp job, with volume notably not building from Thursday and Friday's levels. This is disconcerting, and not a sign of strength. Another yellow flag. Futhermore, today's up day came on a slew of positive news: C beat by a penny, BAC by 4 cents, MO got upgraded, JNJ did well, and Philips electronics said it expected to post a profit. So today, we saw a massive up day, on positive news, with questionable volume. Looking at individual stocks, we have a disconcerting picture. Without going into great detail, there is not a lot of leadership and setups that would be supportive of a sustained bull run. There is some sector strength- see education, hmo's, insurance brokers, some medical stocks (CTMI, FRX, etc), hospitals, some retail, and some isolated (i.e. not sector supported) strength in individual names(ex. ZMH, JCOM, CCCG, RINO, etc). Today, there were a number of notable reversals in recent breakouts, which I was surprised to see (see PDCO, EDMC, MME, etc). This is not a good sign, especially on such a powerful up day. Furthermore, the recent run appears to have been on the back of former beaten down stocks, such as MER, JPM, INTC, IBM, etc. IBM, for example, has jumped from 54 to 68 in 4 days, for a 27% gain. This activity can be seen in one proprietary (but not mine) model that tracks the performance of the most heavily shorted, lowest rated stocks. As of this afternoon, these stocks had outperformed by 90 basis points, indicating short squeeze buying. Short squeeze stocks are not the stocks that will lead a sustained bull run, but will lead a short term bounce. Finally, remember that the fundamentals have not improved recently, and, in fact, have worsened. All in all, a dangerous time to get long, in my opinion. The next few days should go far in telling us whether this rally has solid legs. Eric PS INTC just missed after hours. Its trading down $2, along with much of tech. Tomorrow's activity should be interesting. We've come a long way off the recent low, and a lot has gotten priced into stocks in the past 4 days. There is a big difference between missing at new lows, and missing at new highs. Lets see how well the market can digest this. - --------------------------------- Do you Yahoo!? Faith Hill - Exclusive Performances, Videos, & more faith.yahoo.com - --------------------------------- Do you Yahoo!? Faith Hill - Exclusive Performances, Videos, & more faith.yahoo.com - --------------------------------- Do you Yahoo!? HotJobs - Search new jobs daily now - --0-1810986784-1035911683=:86031 Content-Type: text/html; charset=us-ascii

Eric Jaenike <ericjaenike@yahoo.com> wrote:

Date: Tue, 15 Oct 2002 15:14:37 -0700 (PDT)

Well, it looks like our debutante woke up to a prince, and not a frog, as the rally has continued unabated. My concern, however, is that she will end up at the Mayo Clinic with a nasty case of herpes.

There is really only one question that we need to answer right now: is this a sustainable bull rally, or is it a huge oversold bounce? Before I delve into this question, let me say that I would much rather have this be a bull run than a bounce. The bear side is much more difficult to play than the bull side: the countertrend moves are much more violent and difficult to time, people are generally pessimistic, profit potential is generally more limited, and it is far more stressful to operate in, even when you're making money. Frankly, its getting a little old. However, my own personal preference should play no roll in the analysis of where we are, or what the proper moves to make are.

So back to our original question: is this move for real or not? Fortunately, we have our discipline to fall back on, so let's fall back on it.

As you may recall, there are two main parts to this analysis: the price/volume action in the general indices, and the price volume action in individual stocks. Let's start with the indices.

On Thursday, the day of the first big ramp, we rallied off a very oversold condition on what could be construed as positive news. Friday saw similar action, with GE's non-miss, the IBM upgrade, and inline retail sales numbers (recall that in a negative environment, meeting expectations is often akin to "good news", even if those expectations had previously been significantly ratcheted down). Volume, however, was notable lighter on the NYSE. In sum, we had two positve news days, with the second up day coming on suspicious volume. Recall that positive news rallies are dangerous and very susceptible to reversal.

Monday the indices were up slightly, on light volume, as the Columbus Day holiday killed trading volume. Tough to call it a negative day, because volume was pretty much guaranteed to be lighter. Today, we saw a massive ramp job, with volume notably not building from Thursday and Friday's levels. This is disconcerting, and not a sign of strength. Another yellow flag. Futhermore, today's up day came on a slew of positive news: C beat by a penny, BAC by 4 cents, MO got upgraded, JNJ did well, and Philips electronics said it expected to post a profit. So today, we saw a massive up day, on positive news, with questionable volume.

Looking at individual stocks, we have a disconcerting picture. Without going into great detail, there is not a lot of leadership and setups that would be supportive of a sustained bull run. There is some sector strength- see education, hmo's, insurance brokers, some medical stocks (CTMI, FRX, etc), hospitals, some retail, and some isolated (i.e. not sector supported) strength in individual names(ex. ZMH, JCOM, CCCG, RINO, etc). Today, there were a number of notable reversals in recent breakouts, which I was surprised to see (see PDCO, EDMC, MME, etc). This is not a good sign, especially on such a powerful up day.

Furthermore, the recent run appears to have been on the back of former beaten down stocks, such as MER, JPM, INTC, IBM, etc. IBM, for example, has jumped from 54 to 68 in 4 days, for a 27% gain. This activity can be seen in one proprietary (but not mine) model that tracks the performance of the most heavily shorted, lowest rated stocks. As of this afternoon, these stocks had outperformed by 90 basis points, indicating short squeeze buying. Short squeeze stocks are not the stocks that will lead a sustained bull run, but will lead a short term bounce.

Finally, remember that the fundamentals have not improved recently, and, in fact, have worsened.

All in all, a dangerous time to get long, in my opinion. The next few days should go far in telling us whether this rally has solid legs.

Eric

PS INTC just missed after hours. Its trading down $2, along with much of tech. Tomorrow's activity should be interesting. We've come a long way off the recent low, and a lot has gotten priced into stocks in the past 4 days. There is a big difference between missing at new lows, and missing at new highs. Lets see how well the market can digest this.

Do you Yahoo!?
Faith Hill - Exclusive Performances, Videos, & more
faith.yahoo.com

Do you Yahoo!?
Faith Hill - Exclusive Performances, Videos, & more
faith.yahoo.com

Do you Yahoo!?
HotJobs - Search new jobs daily now - --0-1810986784-1035911683=:86031-- - - - -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 #3009 ****************************** 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.