From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1267 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, April 11 2001 Volume 02 : Number 1267 In this issue: [CANSLIM] Daily Graphs Printed Product Index [CANSLIM] Follow Thru (FT) Day, "M" Re: [CANSLIM] CANSLIM candidates at a market bottom Re: [CANSLIM] Follow Thru (FT) Day, "M" Re: [CANSLIM] Follow Thru (FT) Day, "M" RE: [CANSLIM] Follow Thru (FT) Day, "M" Re: [CANSLIM] Follow Thru (FT) Day, "M" Re: [CANSLIM] Follow Thru (FT) Day, "M" [CANSLIM] DRI Re: [CANSLIM] Follow Thru (FT) Day, "M" [CANSLIM] so many stocks, so little money [CANSLIM] CHCS is now CHS and is ready to break out on heavy volume ---------------------------------------------------------------------- Date: Tue, 10 Apr 2001 05:39:03 -0400 From: "Tom Worley" Subject: [CANSLIM] Daily Graphs Printed Product Index This is a multi-part message in MIME format. - ------=_NextPart_000_001A_01C0C180.8DE147E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Several members using DGO have recently mentioned using the Index for = starting a scan. Thought I would mention something that a member brought to us several = years ago. The Index each day has two rotating columns. You can find the details = under Info for You / Reports / PP Index. Some members have saved each = day's Index into Excel, then after they get Friday's list (with the = latest data), cut and pasted the rotating columns from Monday thru = Thursday into the Friday spreadsheet. This way you can add further = information like Timeliness (from Monday), or 52 week high (from = Tuesday), or EPS % change from prior year (from Thursday). This is one = feature where DGO beats the books totally, and you get eight additional = columns of data. Also note that Friday's list has not only GRS, but the Industry Name. A = sort on the Industry Name column gives you a partial composition of the = stocks in that Industry. You will still be missing about half the = stocks, but should have the more liquid ones. Just make sure you get Friday's list before they do the adds and = deletes. I would suggest spot checking the number of rows, and pick two = or three specific rows to check the symbol, before pasting in the data. Tom Worley stkguru@netside.net - ------=_NextPart_000_001A_01C0C180.8DE147E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Several members using DGO have recently mentioned = using the=20 Index for starting a scan.

Thought I would mention something that a member = brought to us=20 several years ago.

The Index each day has two rotating columns. You can = find the=20 details under Info for You / Reports / PP Index. Some members have saved = each=20 day's Index into Excel, then after they get Friday's list (with the = latest=20 data), cut and pasted the rotating columns from Monday thru Thursday = into the=20 Friday spreadsheet. This way you can add further information like = Timeliness=20 (from Monday), or 52 week high (from Tuesday), or EPS % change from = prior year=20 (from Thursday). This is one feature where DGO beats the books = totally,=20 and you get eight additional columns of data.

Also note that Friday's list has not only GRS, but = the=20 Industry Name. A sort on the Industry Name column gives you a = partial=20 composition of the stocks in that Industry. You will still be missing = about half=20 the stocks, but should have the more liquid ones.

Just make sure you get Friday's list before they do = the adds=20 and deletes. I would suggest spot checking the number of rows, and pick = two or=20 three specific rows to check the symbol, before pasting in the=20 data.

Tom Worley
stkguru@netside.net

- ------=_NextPart_000_001A_01C0C180.8DE147E0-- - - - -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, 10 Apr 2001 06:18:51 -0400 From: "Tom Worley" Subject: [CANSLIM] Follow Thru (FT) Day, "M" This is a multi-part message in MIME format. - ------=_NextPart_000_0037_01C0C186.1D233940 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I lost count, what day are we counting from? 4/4/01, when virtually = every index undercut the prior day, but closed up marginally? I never = could quite get the hang of that count. If so, I think today makes it Day 4, the start of the prime period for a = FT Day, and we look set for a positive opening. With the exception of = Japan (which lost 1.7% more, even the Japanese won't invest in their own = markets with such a lame "economic stimulus" package, when will the = Japanese govt grow a backbone??), the rest of Asia survived Tuesday. In = Europe, Germany, France and UK all up 1.5% or better. And Israel (a good = tech and biotech indicator) is up nearly 2.5%. Nasdaq futures currently up 2.5%, S&P500 not so strong, but on the = positive side up about 3/4s of a percent. Dollar appears strong, but not significantly so. Motorola reports after the close today, been a lot of talk lately, from = running out of cash (they deny it), to a credit downgrade, to reporting = a loss this past quarter (most analysts agree). On Wednesday, Yahoo also = reports, some talk about the worst being over. And Thursday, Double = Click reports, says that while advertising sales are down, they will = prosper later this year. Should be an interesting week, with some economic reports thrown in at = the end of the week as well. And we are just starting the earnings = reporting cycle, with everybody and their brother warning they will miss = expectations on either / both revenues or earnings. Only the next few = weeks will tell if expectations (and prices) have been sufficiently = lowered. We're working on history here, people. Something many of you have never = personally witnessed, a bear trying to turn into a bull. Tom Worley stkguru@netside.net - ------=_NextPart_000_0037_01C0C186.1D233940 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I lost count, what day are we counting from? 4/4/01, = when=20 virtually every index undercut the prior day, but closed up marginally? = I never=20 could quite get the hang of that count.

If so, I think today makes it Day 4, the start of = the prime=20 period for a FT Day, and we look set for a positive opening. With = the=20 exception of Japan (which lost 1.7% more, even the Japanese won't invest = in=20 their own markets with such a lame "economic stimulus" package, when = will the=20 Japanese govt grow a backbone??), the rest of Asia survived Tuesday. In = Europe,=20 Germany, France and UK all up 1.5% or better. And Israel (a good tech = and=20 biotech indicator) is up nearly 2.5%.

Nasdaq futures currently up 2.5%, S&P500 = not so=20 strong, but on the positive side up about 3/4s of a = percent.

Dollar appears strong, but not significantly = so.

Motorola reports after the close today, been a lot = of talk=20 lately, from running out of cash (they deny it), to a credit downgrade, = to=20 reporting a loss this past quarter (most analysts agree). On Wednesday, = Yahoo=20 also reports, some talk about the worst being over. And Thursday, Double = Click=20 reports, says that while advertising sales are down, they will prosper = later=20 this year.

Should be an interesting week, with some economic = reports=20 thrown in at the end of the week as well. And we are just starting the = earnings=20 reporting cycle, with everybody and their brother warning they will miss = expectations on either / both revenues or earnings. Only the next few = weeks will=20 tell if expectations (and prices) have been sufficiently = lowered.

We're working on history here, people. Something = many of you=20 have never personally witnessed, a bear trying to turn into a = bull.

Tom Worley
stkguru@netside.net

- ------=_NextPart_000_0037_01C0C186.1D233940-- - - - -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, 10 Apr 2001 08:34:36 -0600 From: esetser Subject: Re: [CANSLIM] CANSLIM candidates at a market bottom I understand your points, and thought your second post was a good idea. My main concern was the impression that you threw out some numbers, and they were immediately as gospel. One of the strengths of the group is the easy exchange of ideas and opinions. Keep up the posts, Tom. At 08:41 PM 4/9/01 -0400, you wrote: >Point (or is it counter point) taken, Earl. > >But I repeat myself, I only suggest considering EPS of 70 (rather >than the recommended 80) and not using GRS, for SCANNING >purposes, not for actual selection of watch candidates, much less >actual buy candidates. I am a big believer in human review of >charts and data, as opposed to pure computer scans. That's why I >typically look at 600 to 1000 charts every week, time permitting. > >The idea is to ensure a sufficient population of interesting >stocks for HUMAN review, as opposed to pure numerical process of >elimination. > >If you can consciously and demonstrably argue why a stock with an >EPS below 80, or a GRS below 60 (or some even higher number) >should be on your watch list, or even purchased, then it must >have some other characteristics that are even more powerful and >compelling to offset these "negatives". > >By no means should GRS be disregarded, just used in a human >fashion as part of an overall review of ALL qualities of a stock. >Likewise, an RS of 80 should always be a goal, but many companies >do not progress in a perfect and symmetrical fashion year to year >on their earnings. A bump in the road, often occuring in a single >quarter, can be enough to knock the EPS on its heels for a few >years despite subsequent quality earnings growth and >acceleration. Short of reverse engineering five years of >quarterly earnings, and running some computer program, it is >difficult to pick this out with a pure computer scan on EPS, but >a human review often can and should be able to see this. > >And, of course, right now "M" still says we should be watching >and learning, not buying. > >Regards, > >Tom Worley >stkguru@netside.net > > - - - -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, 10 Apr 2001 09:16:57 -0700 (PDT) From: rolatzi Subject: Re: [CANSLIM] Follow Thru (FT) Day, "M" It appears that today will be a follow through day. I gues we should start looking for candidates. I am not totally convinced and will not redeploy rapidly. rolatzi - --- Tom Worley wrote: > I lost count, what day are we counting from? 4/4/01, when > virtually every index undercut the prior day, but closed > up marginally? I never could quite get the hang of that > count. > > If so, I think today makes it Day 4, the start of the > prime period for a FT Day, and we look set for a positive > opening. With the exception of Japan (which lost 1.7% > more, even the Japanese won't invest in their own markets > with such a lame "economic stimulus" package, when will > the Japanese govt grow a backbone??), the rest of Asia > survived Tuesday. In Europe, Germany, France and UK all > up 1.5% or better. And Israel (a good tech and biotech > indicator) is up nearly 2.5%. > > Nasdaq futures currently up 2.5%, S&P500 not so strong, > but on the positive side up about 3/4s of a percent. > > Dollar appears strong, but not significantly so. > > Motorola reports after the close today, been a lot of > talk lately, from running out of cash (they deny it), to > a credit downgrade, to reporting a loss this past quarter > (most analysts agree). On Wednesday, Yahoo also reports, > some talk about the worst being over. And Thursday, > Double Click reports, says that while advertising sales > are down, they will prosper later this year. > > Should be an interesting week, with some economic reports > thrown in at the end of the week as well. And we are just > starting the earnings reporting cycle, with everybody and > their brother warning they will miss expectations on > either / both revenues or earnings. Only the next few > weeks will tell if expectations (and prices) have been > sufficiently lowered. > > We're working on history here, people. Something many of > you have never personally witnessed, a bear trying to > turn into a bull. > > Tom Worley > stkguru@netside.net > > > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.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, 10 Apr 2001 13:46:49 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Follow Thru (FT) Day, "M" I thought the follow through day had to occur on Day 4 through 10 after the initial move up. That would put the first day for a follow through at Wed. Correct me if I'm wrong on this. On 10 Apr 01, at 9:16, rolatzi wrote: > It appears that today will be a follow through day. I gues > we should start looking for candidates. I am not totally > convinced and will not redeploy rapidly. > > rolatzi > > --- Tom Worley wrote: > > I lost count, what day are we counting from? 4/4/01, when > > virtually every index undercut the prior day, but closed > > up marginally? I never could quite get the hang of that > > count. > > > > If so, I think today makes it Day 4, the start of the > > prime period for a FT Day, and we look set for a positive > > opening. With the exception of Japan (which lost 1.7% > > more, even the Japanese won't invest in their own markets > > with such a lame "economic stimulus" package, when will > > the Japanese govt grow a backbone??), the rest of Asia > > survived Tuesday. In Europe, Germany, France and UK all > > up 1.5% or better. And Israel (a good tech and biotech > > indicator) is up nearly 2.5%. > > > > Nasdaq futures currently up 2.5%, S&P500 not so strong, > > but on the positive side up about 3/4s of a percent. > > > > Dollar appears strong, but not significantly so. > > > > Motorola reports after the close today, been a lot of > > talk lately, from running out of cash (they deny it), to > > a credit downgrade, to reporting a loss this past quarter > > (most analysts agree). On Wednesday, Yahoo also reports, > > some talk about the worst being over. And Thursday, > > Double Click reports, says that while advertising sales > > are down, they will prosper later this year. > > > > Should be an interesting week, with some economic reports > > thrown in at the end of the week as well. And we are just > > starting the earnings reporting cycle, with everybody and > > their brother warning they will miss expectations on > > either / both revenues or earnings. Only the next few > > weeks will tell if expectations (and prices) have been > > sufficiently lowered. > > > > We're working on history here, people. Something many of > > you have never personally witnessed, a bear trying to > > turn into a bull. > > > > Tom Worley > > stkguru@netside.net > > > > > > > > > __________________________________________________ > Do You Yahoo!? > Get email at your own domain with Yahoo! Mail. > http://personal.mail.yahoo.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, 10 Apr 2001 16:02:54 -0400 From: Surindra Subject: RE: [CANSLIM] Follow Thru (FT) Day, "M" As per WON, a strong follow-through day usually occurs between the fourth and seventh session of an attempted rally. Sometimes, it can be as late as the 10th or 15th day, but this usually shows the turn is not as powerful. Although every bull market has started with a follow-through, it doesn't guarantee the market will go higher. Some rallies will fail even after a follow-through day. Usually, the market turns lower on increasing volume within a few days. surindra - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl Sent: Tuesday, April 10, 2001 3:47 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Follow Thru (FT) Day, "M" I thought the follow through day had to occur on Day 4 through 10 after the initial move up. That would put the first day for a follow through at Wed. Correct me if I'm wrong on this. On 10 Apr 01, at 9:16, rolatzi wrote: > It appears that today will be a follow through day. I gues > we should start looking for candidates. I am not totally > convinced and will not redeploy rapidly. > > rolatzi > > --- Tom Worley wrote: > > I lost count, what day are we counting from? 4/4/01, when > > virtually every index undercut the prior day, but closed > > up marginally? I never could quite get the hang of that > > count. > > > > If so, I think today makes it Day 4, the start of the > > prime period for a FT Day, and we look set for a positive > > opening. With the exception of Japan (which lost 1.7% > > more, even the Japanese won't invest in their own markets > > with such a lame "economic stimulus" package, when will > > the Japanese govt grow a backbone??), the rest of Asia > > survived Tuesday. In Europe, Germany, France and UK all > > up 1.5% or better. And Israel (a good tech and biotech > > indicator) is up nearly 2.5%. > > > > Nasdaq futures currently up 2.5%, S&P500 not so strong, > > but on the positive side up about 3/4s of a percent. > > > > Dollar appears strong, but not significantly so. > > > > Motorola reports after the close today, been a lot of > > talk lately, from running out of cash (they deny it), to > > a credit downgrade, to reporting a loss this past quarter > > (most analysts agree). On Wednesday, Yahoo also reports, > > some talk about the worst being over. And Thursday, > > Double Click reports, says that while advertising sales > > are down, they will prosper later this year. > > > > Should be an interesting week, with some economic reports > > thrown in at the end of the week as well. And we are just > > starting the earnings reporting cycle, with everybody and > > their brother warning they will miss expectations on > > either / both revenues or earnings. Only the next few > > weeks will tell if expectations (and prices) have been > > sufficiently lowered. > > > > We're working on history here, people. Something many of > > you have never personally witnessed, a bear trying to > > turn into a bull. > > > > Tom Worley > > stkguru@netside.net > > > > > > > > > __________________________________________________ > Do You Yahoo!? > Get email at your own domain with Yahoo! Mail. > http://personal.mail.yahoo.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. ------------------------------ Date: Tue, 10 Apr 2001 13:12:57 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Follow Thru (FT) Day, "M" From the BID archives: >A rally attempt begins when one or more of the major market indexes has a >positive day following a correction. Often the average will hit new lows >intraday before roaring back to close higher. That's not 4/4, it's 4/5. Nothing roared or closed higher on 4/4. Looked more like a death rattle to me. >Start counting from the first positive day. The market action on the >second and third days usually doesn't matter as long as the average >remains above its intraday lows. > >Look for a follow-through move on the fourth through seventh day. A >follow-through day occurs when a major index rises 1% or more on higher >volume than the prior day. > >Follow-throughs are no guarantee a rally will thrive. But no major advance >has started without one. So days 2 & 3 are 4/6 & 4/9. Ergo, today is Day 4. That is, if you believe in Day 4 F/T days. So far, none has been confirmed since the start of the NASDAQ bear. Vol is not has high as the ersatz bottom day, 4/4, or rally attempt Day 1, 4/5. Is that significant? I dunno. Vol is definitely higher than yesterday by a good bit. On 12:46 PM 4/10/01, Patrick Wahl Said: >I thought the follow through day had to occur on Day 4 through 10 >after the initial move up. That would put the first day for a follow >through at Wed. Correct me if I'm wrong on this. > >On 10 Apr 01, at 9:16, rolatzi wrote: > > > It appears that today will be a follow through day. I gues > > we should start looking for candidates. I am not totally > > convinced and will not redeploy rapidly. > > > > rolatzi > > > > --- Tom Worley wrote: > > > I lost count, what day are we counting from? 4/4/01, when > > > virtually every index undercut the prior day, but closed > > > up marginally? I never could quite get the hang of that > > > count. > > > > > > If so, I think today makes it Day 4, the start of the > > > prime period for a FT Day, and we look set for a positive > > > opening. With the exception of Japan (which lost 1.7% > > > more, even the Japanese won't invest in their own markets > > > with such a lame "economic stimulus" package, when will > > > the Japanese govt grow a backbone??), the rest of Asia > > > survived Tuesday. In Europe, Germany, France and UK all > > > up 1.5% or better. And Israel (a good tech and biotech > > > indicator) is up nearly 2.5%. > > > > > > Nasdaq futures currently up 2.5%, S&P500 not so strong, > > > but on the positive side up about 3/4s of a percent. > > > > > > Dollar appears strong, but not significantly so. > > > > > > Motorola reports after the close today, been a lot of > > > talk lately, from running out of cash (they deny it), to > > > a credit downgrade, to reporting a loss this past quarter > > > (most analysts agree). On Wednesday, Yahoo also reports, > > > some talk about the worst being over. And Thursday, > > > Double Click reports, says that while advertising sales > > > are down, they will prosper later this year. > > > > > > Should be an interesting week, with some economic reports > > > thrown in at the end of the week as well. And we are just > > > starting the earnings reporting cycle, with everybody and > > > their brother warning they will miss expectations on > > > either / both revenues or earnings. Only the next few > > > weeks will tell if expectations (and prices) have been > > > sufficiently lowered. > > > > > > We're working on history here, people. Something many of > > > you have never personally witnessed, a bear trying to > > > turn into a bull. > > > > > > Tom Worley > > > stkguru@netside.net > > > > > > > > > > > > > > > __________________________________________________ > > Do You Yahoo!? > > Get email at your own domain with Yahoo! Mail. > > http://personal.mail.yahoo.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. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -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, 10 Apr 2001 16:25:30 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Follow Thru (FT) Day, "M" On 10 Apr 01, at 13:12, Tim Fisher wrote: > So days 2 & 3 are 4/6 & 4/9. Ergo, today is Day 4. That is, if you believe > in Day 4 F/T days. So far, none has been confirmed since the start of the > NASDAQ bear. Vol is not has high as the ersatz bottom day, 4/4, or rally > attempt Day 1, 4/5. Is that significant? I dunno. Vol is definitely higher > than yesterday by a good bit. Ok, I was thinking that you start counting at the day after the initial move, but in fact that is day 1. So we did have a follow through, but I think you are right, there have been several and nothing has panned out so far. I still think that until most companies get a handle on what their earnings are going to look like 6 months out we aren't going to get much of a move in the market. Maybe this will halt the slide at least. - - - -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, 10 Apr 2001 15:51:50 -0700 (PDT) From: Steve F Subject: [CANSLIM] DRI Comments on DRI Looks like a breakout to me yesterday but not a lot of follow up today. Volume is still greater than the 50 day average Thanks Steve __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.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, 10 Apr 2001 22:19:21 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Follow Thru (FT) Day, "M" My thoughts, for Rolatzi, Tim, Patrick and Surindra, We will never be sure just what day marks either the "bottom", or the true FT day that ends the bear and starts a brand new bull, until weeks or months after the occurrence. Today was interesting to me, in that the tech stocks that are so battered down were also the major movers and names being mentioned. That tells me there is still a lot of interest in owning them. There are so many great names in the tech community right now that are sitting in the low to mid teens, or even low 20s, that I am tempted to go buy a bunch of long term calls out a year or so, despite the RS of 13 or 18 or 22. Today was a remarkable day, every index I have checked so far closed up several percentage points, most at or close to their high of the day, all on heavy volume compared both to yesterday and their average. At the least, that signals a lot of sidelined cash rushing back into the equity market. That, in turn, signals that sentiment may be turning, and that there is major breadth, at this point and price, to the market moves. We are also right at the start of 1st qtr earnings reporting, after virtually everyone has warned and lowered expectations. I daily see signs of the "well, it's not as bad as I feared", and I suspect that emotional attitude will continue for at least a few weeks. Balancing this is the recent sharp increase in energy costs, at a time when the CA utilities are mostly on the verge of all declaring bankruptcy. The State of CA just this weekend bot transmission lines from one utility, who agreed to sell for TEN YEARS to the state on a cost based basis, rather than at market. They were on the verge of bankruptcy without the bailout. I suspect the State got a good deal, and shareholders were shafted for the next ten years with a profit limitation. Right now, this is a one day rally. I spent some time tonight checking after market trading on various tech stocks, they were all down marginally. Yet, last time I looked (and I just sneaked another peek), Naz futures are down less than half a percent, and S&P500 are slightly up. I would gladly sacrifice a half pt loss on Wed to the stock gods, if that's as bad as it gets. Most notably for me is that these rallys are taking us higher, with the subsequent selloff not taking us to fresher lows. That strongly suggests bottoming action, if not a fresh trend upward. So far, Asia is strong, reflecting mostly a knee jerk reaction to European and Americas markets, esp on tech stocks. Bottom line for me is that today qualifies, sigh, once again, as a Follow Thru Day. If you have not already been watching and preparing your list of candidates, you are already behind the eight ball. In a day or so, you may be glad, or regretting, that you were not ready. For me personally, since I remained between 75% and 90% invested throughout, I am still sitting on the cash I have left. I figure I want to buy more tech, but with it down over 60%, it has to triple to get back to old highs. So if I can just catch a double out of the middle, I will be quite happy. I expect a higher than usual level of volatility for the next few weeks, and volatility was already extreme. So I don't mind waiting a day or two, or even a week or two, for my comfort level to further increase. I guess I am seeking even greater confirmation than I would normally require. But my gut tells me we have finally bottomed (OK, OK, now the market can kick me in the gut and show just how valuable a guide it is!!). Happy hunting, for those warriors ready and aggressive enough to enter this fray, Tom Worley stkguru@netside.net - ----- Original Message ----- From: Patrick Wahl To: Sent: Tuesday, April 10, 2001 6:25 PM Subject: Re: [CANSLIM] Follow Thru (FT) Day, "M" On 10 Apr 01, at 13:12, Tim Fisher wrote: > So days 2 & 3 are 4/6 & 4/9. Ergo, today is Day 4. That is, if you believe > in Day 4 F/T days. So far, none has been confirmed since the start of the > NASDAQ bear. Vol is not has high as the ersatz bottom day, 4/4, or rally > attempt Day 1, 4/5. Is that significant? I dunno. Vol is definitely higher > than yesterday by a good bit. Ok, I was thinking that you start counting at the day after the initial move, but in fact that is day 1. So we did have a follow through, but I think you are right, there have been several and nothing has panned out so far. I still think that until most companies get a handle on what their earnings are going to look like 6 months out we aren't going to get much of a move in the market. Maybe this will halt the slide at least. - - - -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, 10 Apr 2001 20:00:05 -0700 (PDT) From: Kent Norman Subject: [CANSLIM] so many stocks, so little money so many stocks, so little money feeling good! Kent Norman __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.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: Wed, 11 Apr 2001 07:55:28 -0700 (PDT) From: Steve Porter Subject: [CANSLIM] CHCS is now CHS and is ready to break out on heavy volume Looks like nice chart, 13 week base, 4 week handle, good news today, up over 50% sales from last year, instore over 20% 99 99 95 A A C Caution on ticker change make sure you get up to date info... Thoughts? __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.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. ------------------------------ End of canslim-digest V2 #1267 ****************************** 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.