From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1696 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, September 26 2001 Volume 02 : Number 1696 In this issue: Re: [CANSLIM] WON's comments [CANSLIM] Re: [Canslim] Futures? Re: [CANSLIM] EDO vs. LLL Re: [CANSLIM] WON's comments [CANSLIM] Acc/Dis Numbers Re: [CANSLIM] Re: [Canslim] Futures? [CANSLIM] history of "M" [CANSLIM] O'Neil Re: [CANSLIM] history of "M" Re: [CANSLIM] O'Neil RE: [CANSLIM] O'Neil Re: [CANSLIM] Re: [Canslim] Futures? [CANSLIM] Good stocks in a recession? RE: [CANSLIM] Good stocks in a recession? Re: [CANSLIM] Good stocks in a recession? Re: [CANSLIM] O'Neil Re: [CANSLIM] Re: [Canslim] Futures? ---------------------------------------------------------------------- Date: Wed, 26 Sep 2001 09:14:37 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] WON's comments Here is something O'Neil wrote, not sure it is the same article you are referring to - http://www.investors.com/editorial/letter.asp On 26 Sep 01, at 18:07, Peter Christiansen wrote: > I understand that WON had some comments on page A11 of today's IBD. Can > anyone post what he had to say? Tim Truenbenbach of tradingmarkets.com > said it was very interesting. > > Peter > > > > "The crowd has never thirsted for the truth" - Gustave LeBon > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 26 Sep 2001 11:13:27 -0400 From: Jerry Sparrow Subject: [CANSLIM] Re: [Canslim] Futures? Can anyone tell me what the highest and lowest the futures indices can fluctuate? I have been watching CNN in the morning and have noticed that when the S&P, Dow, and Nasdaq futures are up a lot the market seems strong for the day. Can anyone explain the correlation? I have IBD's Guide to the Markets and intend to read that section tonight but was just wondering... Jerry Sparrow, CPA Corporate Controller Biscuitville Restaurants, Inc. ************************************************************************************************** The Firelan(tm) Virus Scanning Service has scanned this email for viruses, vandals and malicious content. http://www.firelan.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: Wed, 26 Sep 2001 11:28:42 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] EDO vs. LLL Ernie: Did the "astute investor" use the RS line to time the sell, and-if so-why was LLL sold at this time? If he/she just used the high to get out where the previous high was, I can understand that rationale. But if he/she used the RS line to time the sell, that I don't understand. The stock is in Very strong divergence with the previous high in mid-April. Moreover, the volume on up days seems obviously more than the volume on down days. jans In a message dated 9/25/2001 10:20:01 PM Eastern Daylight Time, esetser@covad.net writes: << Looks like they are using RS as the first criteria? I work for LLL and I know of at least one "possibly astute" investor who used this as an opportunity to unload her IPO shares. >> - - - -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, 26 Sep 2001 10:05:53 -0700 (PDT) From: Peter Dugan Subject: Re: [CANSLIM] WON's comments Yes, the article is the same and it's on page A13 not A11. Peter. - --- Patrick Wahl wrote: > Here is something O'Neil wrote, not sure it is the > same article you > are referring to - > > http://www.investors.com/editorial/letter.asp > > On 26 Sep 01, at 18:07, Peter Christiansen wrote: > > > I understand that WON had some comments on page > A11 of today's IBD. Can > > anyone post what he had to say? Tim Truenbenbach > of tradingmarkets.com > > said it was very interesting. > > > > Peter > > > > > > > > "The crowd has never thirsted for the truth" - > Gustave LeBon > > > > > > - > > -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. __________________________________________________ Do You Yahoo!? Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger. http://im.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, 26 Sep 2001 13:06:57 -0400 From: Robert Subject: [CANSLIM] Acc/Dis Numbers - ------ =_NextPart_000_01C1468C.1FB66F20 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Here are the latest numbers. as you can imagine they are very ugly!!! Spread sheet version: Date,A,B,C,D,E,% of AB/A:E,%E,Market Posture 8/31/01,647,2277,1244,1000,392,53%,7%,Market in correction, 9/4/01,601,2208,1265,1023,453,51%,8%,Market in correction, 9/5/01,593,2180,1314,1015,446,50%,8%,Market in correction, 9/6/01,565,2161,1297,1071,442,49%,8%,Market in correction, 9/7/01,534,2109,1289,1095,481,48%,9%,Market in correction, 9/10/01,502,1983,1283,1165,558,45%,10%,Market in correction, 9/18/01,397,1757,1276,1347,674,40%,12%,Market in correction, 9/19/01,276,1430,1234,1442,1006,32%,19%,Market in correction, 9/20/01,264,1359,1162,1486,1085,30%,20%,Market in correction 9/21/01,214,1123,1098,1575,1296,25%,24%,Market in correction 9/24/01,167,903,991,1557,1616,20%,31%,Market in correction Robert - ------ =_NextPart_000_01C1468C.1FB66F20-- - - - -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, 26 Sep 2001 11:35:47 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Re: [Canslim] Futures? If you are asking about limit moves, I'm not sure what the amount is, but its a lot. Last week, the morning after Bush's speech (I think that was the morning), the Dow futures were down 430 or so points before the open. There can be a lot of reasons for the futures to move prior to the market open. The main reasons, typically, would be the economic reports that are usually released at 8:30 (I say usually because some reports are released at 10 am, some even later, but most of the significant ones are released at 8:30), and some sort of business news - a company releasing earnings, making some sort of announcement, upgrades and downgrades, etc. Recently, we have had to deal with the external news events, so those are also influencing the futures. The futures are just pricing in news the way the traders think the cash market will respond, but they can be wrong, as we saw today when the futures gapped up and then traded lower as the market couldn't really get moving in the morning. On 26 Sep 01, at 11:13, Jerry Sparrow wrote: > Can anyone tell me what the highest and lowest the futures indices can > fluctuate? I have been watching CNN in the morning and have noticed that > when the S&P, Dow, and Nasdaq futures are up a lot the market seems strong > for the day. Can anyone explain the correlation? I have IBD's Guide to the > Markets and intend to read that section tonight but was just wondering... > > Jerry Sparrow, CPA > Corporate Controller > Biscuitville Restaurants, Inc. > > > ************************************************************************************************** > The Firelan(tm) Virus Scanning Service has scanned this email for viruses, vandals > and malicious content. > http://www.firelan.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. - - - -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, 26 Sep 2001 10:43:36 -0700 From: Neal Frankle Subject: [CANSLIM] history of "M" Realizing that calling "M" bullish or bearish can be subjective over the past 3 = to 4 years, does anyone have a history they would be willing to share of when = they called the market bullish and bearish? I am trying to put some research = together and would appreciate the help. I am looking for Dates that the market = changed. Neal - - - -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, 26 Sep 2001 11:55:42 -0600 From: "Patrick Wahl" Subject: [CANSLIM] O'Neil There is an article at the CBS Marketwatch site that quotes William O'Neil. The link would be about 3 lines long, but go to the site and read the article by Mike Tarsala. I notice he says the follow through day, which we start looking for tomorrow, must have a rise of 2% in the indices. Here are a few lines from the article - According to O'Neil's rules, a market bottom is easy to spot. Wait for a big market rally on higher than average volume - the kind we had on Monday. Ignore the subsequent two trading days - Tuesday and Wednesday. Then, start looking on Thursday and for the following week for signs of a second rally attempt. According to his rules, trading volume on the second rally has to be higher than the 50-day average, higher than the previous day's volume, and it must produce a rise on the Dow, S&P or Nasdaq, of 2 percent or more. "We consider that as a second attempt to show strength coming up from the bottom," O'Neil said. He says he's used the system for more than 30 years to call major bottoms in the past, and it hasn't failed. If the market really is building a bottom, as O'Neil suspects that it could be, it's important to recognize that a rally will take time. We've just come off one the steepest market declines ever. It likely will take years to repair that kind of damage. But individuals need to be prepared to take advantage once it's clear the bottom is here. Start he says, by taking new positions in new stocks in leading industry groups. He suggests resisting temptation to add positions in familiar technology names. - - - -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, 26 Sep 2001 11:18:36 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] history of "M" I heard something about the Roman entertainment. Bulls make a kill by goring up. Bears make a kill by stiking down. Kent Norman - --- Neal Frankle wrote: > Realizing that calling "M" bullish or bearish can be > subjective over the past 3 to 4 years, does anyone > have a history they would be willing to share of > when they called the market bullish and bearish? I > am trying to put some research together and would > appreciate the help. I am looking for Dates that > the market changed. > > Neal > > - > -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!? Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger. http://im.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, 26 Sep 2001 11:51:57 -0700 From: "Ian" Subject: Re: [CANSLIM] O'Neil All right ... so what are the new leading stocks in the new leading groups? EVERYTHING has been slaughtered ... hasn't it? (Except for the momo plays of the week - INVN, MAGS, VISG, ICTS, ACTT, PLCM, GTNR etc...) Ideas anyone??? Ian - ----- Original Message ----- From: Patrick Wahl To: Sent: Wednesday, September 26, 2001 10:55 AM Subject: [CANSLIM] O'Neil > There is an article at the CBS Marketwatch site that quotes > William O'Neil. The link would be about 3 lines long, but go to the > site and read the article by Mike Tarsala. I notice he says the > follow through day, which we start looking for tomorrow, must have > a rise of 2% in the indices. > > Here are a few lines from the article - > > > According to O'Neil's rules, a market bottom is easy to spot. Wait > for a big market rally on higher than average volume - the kind we > had on Monday. Ignore the subsequent two trading days - Tuesday > and Wednesday. > > Then, start looking on Thursday and for the following week for signs > of a second rally attempt. According to his rules, trading volume on > the second rally has to be higher than the 50-day average, higher > than the previous day's volume, and it must produce a rise on the > Dow, S&P or Nasdaq, of 2 percent or more. > > "We consider that as a second attempt to show strength coming > up from the bottom," O'Neil said. He says he's used the system for > more than 30 years to call major bottoms in the past, and it hasn't > failed. > > If the market really is building a bottom, as O'Neil suspects that it > could be, it's important to recognize that a rally will take time. > We've just come off one the steepest market declines ever. It likely > will take years to repair that kind of damage. > > But individuals need to be prepared to take advantage once it's > clear the bottom is here. Start he says, by taking new positions in > new stocks in leading industry groups. He suggests resisting > temptation to add positions in familiar technology names. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 26 Sep 2001 14:48:02 -0400 From: "Edward McDonough" Subject: RE: [CANSLIM] O'Neil P, Try DEFENSE. LMT,GD. Bombs away. Otherwise, Hug the Bear. Call me crazy, Ed - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ian Sent: Wednesday, September 26, 2001 2:52 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] O'Neil All right ... so what are the new leading stocks in the new leading groups? EVERYTHING has been slaughtered ... hasn't it? (Except for the momo plays of the week - INVN, MAGS, VISG, ICTS, ACTT, PLCM, GTNR etc...) Ideas anyone??? Ian - ----- Original Message ----- From: Patrick Wahl To: Sent: Wednesday, September 26, 2001 10:55 AM Subject: [CANSLIM] O'Neil > There is an article at the CBS Marketwatch site that quotes > William O'Neil. The link would be about 3 lines long, but go to the > site and read the article by Mike Tarsala. I notice he says the > follow through day, which we start looking for tomorrow, must have > a rise of 2% in the indices. > > Here are a few lines from the article - > > > According to O'Neil's rules, a market bottom is easy to spot. Wait > for a big market rally on higher than average volume - the kind we > had on Monday. Ignore the subsequent two trading days - Tuesday > and Wednesday. > > Then, start looking on Thursday and for the following week for signs > of a second rally attempt. According to his rules, trading volume on > the second rally has to be higher than the 50-day average, higher > than the previous day's volume, and it must produce a rise on the > Dow, S&P or Nasdaq, of 2 percent or more. > > "We consider that as a second attempt to show strength coming > up from the bottom," O'Neil said. He says he's used the system for > more than 30 years to call major bottoms in the past, and it hasn't > failed. > > If the market really is building a bottom, as O'Neil suspects that it > could be, it's important to recognize that a rally will take time. > We've just come off one the steepest market declines ever. It likely > will take years to repair that kind of damage. > > But individuals need to be prepared to take advantage once it's > clear the bottom is here. Start he says, by taking new positions in > new stocks in leading industry groups. He suggests resisting > temptation to add positions in familiar technology names. > > > - > -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: Wed, 26 Sep 2001 14:03:06 -0700 From: "Ian" Subject: Re: [CANSLIM] Re: [Canslim] Futures? Actually, there are thousands of traders out there who like to 'fade the gap' - meaning that if the market gaps up, they short 1/2 hour in, and if it gaps down, they go long 1/2 hour in. Not that they are necessarily right or wrong, but if the gap goes against the prevailing trend, it is often a reasonable premise. Ian - ----- Original Message ----- From: Jerry Sparrow To: Canslim Group (E-mail) Sent: Wednesday, September 26, 2001 8:13 AM Subject: [CANSLIM] Re: [Canslim] Futures? > Can anyone tell me what the highest and lowest the futures indices can > fluctuate? I have been watching CNN in the morning and have noticed that > when the S&P, Dow, and Nasdaq futures are up a lot the market seems strong > for the day. Can anyone explain the correlation? I have IBD's Guide to the > Markets and intend to read that section tonight but was just wondering... > > Jerry Sparrow, CPA > Corporate Controller > Biscuitville Restaurants, Inc. > > > **************************************************************************** ********************** > The Firelan(tm) Virus Scanning Service has scanned this email for viruses, vandals > and malicious content. > http://www.firelan.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. - - - -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, 26 Sep 2001 17:57:41 EDT From: Vanchee1@aol.com Subject: [CANSLIM] Good stocks in a recession? - --part1_71.134b1cbd.28e3a955_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit That is what I would like to know. If we are entering a recession which now seems more likely than not, which stocks do well? My first guess might be companies that specialize in bankruptcies, opinions or thoughts anyone. Chris. - --part1_71.134b1cbd.28e3a955_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit That is what I would like to know. If we are entering a recession which now seems more likely than not, which stocks do well?  My first guess might be companies that specialize in bankruptcies, opinions or thoughts anyone.

Chris. - --part1_71.134b1cbd.28e3a955_boundary-- - - - -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, 26 Sep 2001 16:56:16 -0700 From: "Shen, Eric" Subject: RE: [CANSLIM] Good stocks in a recession? This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C146E6.D48876A0 Content-Type: text/plain; charset="ISO-8859-1" I remember hearing that alcohol and tobacco stocks do well in a recession. - -----Original Message----- From: Vanchee1@aol.com [mailto:Vanchee1@aol.com] Sent: Wednesday, September 26, 2001 2:58 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Good stocks in a recession? That is what I would like to know. If we are entering a recession which now seems more likely than not, which stocks do well? My first guess might be companies that specialize in bankruptcies, opinions or thoughts anyone. Chris. - ------_=_NextPart_001_01C146E6.D48876A0 Content-Type: text/html; charset="ISO-8859-1"
 
I remember hearing that alcohol and tobacco stocks do well in a recession.
-----Original Message-----
From: Vanchee1@aol.com [mailto:Vanchee1@aol.com]
Sent: Wednesday, September 26, 2001 2:58 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Good stocks in a recession?

That is what I would like to know. If we are entering a recession which now seems more likely than not, which stocks do well?  My first guess might be companies that specialize in bankruptcies, opinions or thoughts anyone.

Chris.
- ------_=_NextPart_001_01C146E6.D48876A0-- - - - -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, 26 Sep 2001 20:09:58 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Good stocks in a recession? This is a multi-part message in MIME format. - ------=_NextPart_000_0032_01C146C7.37AE71A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I am still a long term believer in EPIQ, will buy more if it backs up a = little. That may well violate CANSLIM, esp with regard to "M", but I am = willing to take the risk as I see prospects for solid growth for the = next year or more even if the economy and the markets start to recover. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, September 26, 2001 5:57 PM Subject: [CANSLIM] Good stocks in a recession? That is what I would like to know. If we are entering a recession = which now seems more likely than not, which stocks do well? My first = guess might be companies that specialize in bankruptcies, opinions or = thoughts anyone.=20 Chris.=20 - ------=_NextPart_000_0032_01C146C7.37AE71A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I am still a long term believer in EPIQ, will buy = more if it=20 backs up a little. That may well violate CANSLIM, esp with regard to = "M", but I=20 am willing to take the risk as I see prospects for solid growth for the = next=20 year or more even if the economy and the markets start to = recover.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Vanchee1@aol.com=20
To: canslim@lists.xmission.com =
Sent: Wednesday, September 26, = 2001 5:57=20 PM
Subject: [CANSLIM] Good stocks = in a=20 recession?

That is = what I would=20 like to know. If we are entering a recession which now seems more = likely than=20 not, which stocks do well?  My first guess might be companies = that=20 specialize in bankruptcies, opinions or thoughts anyone. =

Chris.=20 - ------=_NextPart_000_0032_01C146C7.37AE71A0-- - - - -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, 26 Sep 2001 20:24:33 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] O'Neil This is a multi-part message in MIME format. - ------=_NextPart_000_003D_01C146C9.411A54A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable My top performers during the past 60 days (some less than that) are: ATPX up 38.3% MDCI up 19.6% EPIQ up 13.7% (only one I actually own, rest are in my VR mutual fund) GISX up 8.4% TAYD up 6.5% SMU jumped 38% today, haven't checked why yet Needless to say, these are all small or micro caps, low priced (under = $18 except for EPIQ and the last two under $5). They are also usually = thinly traded. Thus, I am NOT recommending any to anyone. Most = investors, and even more so CANSLIMers, should not consider these. But = they might help identify groups that are starting to lead. ATPX is benefiting from the World Trade Center attacks, it is = Aviation/Defense Industry group. And just in case you think I know how to pick stocks, I will remind you = that many others in my VR fund are down 30% or more already. So far, = this is a really ugly market, and it's too early to be buying for most = investors. NASDAQ can TRIPLE from here without hitting a new high, so = there will be plenty of time to make money once an uptrend is firmly = established.=20 Haste makes waste. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, September 26, 2001 2:51 PM Subject: Re: [CANSLIM] O'Neil All right ... so what are the new leading stocks in the new leading = groups? EVERYTHING has been slaughtered ... hasn't it? (Except for the momo = plays of the week - INVN, MAGS, VISG, ICTS, ACTT, PLCM, GTNR etc...) Ideas anyone??? Ian ----- Original Message ----- From: Patrick Wahl To: Sent: Wednesday, September 26, 2001 10:55 AM Subject: [CANSLIM] O'Neil > There is an article at the CBS Marketwatch site that quotes > William O'Neil. The link would be about 3 lines long, but go to the > site and read the article by Mike Tarsala. I notice he says the > follow through day, which we start looking for tomorrow, must have > a rise of 2% in the indices. > > Here are a few lines from the article - > > > According to O'Neil's rules, a market bottom is easy to spot. Wait > for a big market rally on higher than average volume - the kind we > had on Monday. Ignore the subsequent two trading days - Tuesday > and Wednesday. > > Then, start looking on Thursday and for the following week for signs > of a second rally attempt. According to his rules, trading volume on > the second rally has to be higher than the 50-day average, higher > than the previous day's volume, and it must produce a rise on the > Dow, S&P or Nasdaq, of 2 percent or more. > > "We consider that as a second attempt to show strength coming > up from the bottom," O'Neil said. He says he's used the system for > more than 30 years to call major bottoms in the past, and it hasn't > failed. > > If the market really is building a bottom, as O'Neil suspects that = it > could be, it's important to recognize that a rally will take time. > We've just come off one the steepest market declines ever. It likely > will take years to repair that kind of damage. > > But individuals need to be prepared to take advantage once it's > clear the bottom is here. Start he says, by taking new positions in > new stocks in leading industry groups. He suggests resisting > temptation to add positions in familiar technology names. > > > - > -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_003D_01C146C9.411A54A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
My top performers during the past 60 days (some less = than=20 that) are:
 
ATPX up 38.3%
MDCI up 19.6%
EPIQ up 13.7% (only one I actually own, rest are in = my VR=20 mutual fund)
GISX up 8.4%
TAYD up 6.5%
SMU jumped 38% today, haven't checked why = yet
 
Needless to say, these are all small or micro caps, = low priced=20 (under $18 except for EPIQ and the last two under $5). They are also = usually=20 thinly traded. Thus, I am NOT recommending any to anyone. Most = investors,=20 and even more so CANSLIMers, should not consider these. But they might = help=20 identify groups that are starting to lead.
 
ATPX is benefiting from the World Trade Center = attacks, it is=20 Aviation/Defense Industry group.
 
And just in case you think I know how to pick = stocks, I will=20 remind you that many others in my VR fund are down 30% or more already. = So far,=20 this is a really ugly market, and it's too early to be buying for most=20 investors.  NASDAQ can TRIPLE from here without hitting a new high, = so=20 there will be plenty of time to make money once an uptrend is firmly=20 established.
 
Haste makes waste.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Ian =
To: canslim@lists.xmission.com =
Sent: Wednesday, September 26, = 2001 2:51=20 PM
Subject: Re: [CANSLIM] = O'Neil

All right ... so what are the new leading stocks in the = new=20 leading groups?

EVERYTHING has been slaughtered ... hasn't it? = (Except=20 for the momo plays of
the week - INVN, MAGS, VISG, ICTS, ACTT, = PLCM, GTNR=20 etc...)

Ideas anyone???


Ian


----- = Original=20 Message -----
From: Patrick Wahl <pwahl@prodigy.net>
To: = <canslim@lists.xmission.com= >
Sent:=20 Wednesday, September 26, 2001 10:55 AM
Subject: [CANSLIM]=20 O'Neil


> There is an article at the CBS Marketwatch site = that=20 quotes
> William O'Neil. The link would be about 3 lines long, = but go to=20 the
> site and read the article by Mike Tarsala.  I notice = he says=20 the
> follow through day, which we start looking for tomorrow, = must=20 have
> a rise of 2% in the indices.
>
> Here are a = few lines=20 from the article -
>
>
> According to O'Neil's = rules, a=20 market bottom is easy to spot. Wait
> for a big market rally on = higher=20 than average volume - the kind we
> had on Monday. Ignore the = subsequent=20 two trading days - Tuesday
> and Wednesday.
>
> = Then, start=20 looking on Thursday and for the following week for signs
> of a = second=20 rally attempt. According to his rules, trading volume on
> the = second=20 rally has to be higher than the 50-day average, higher
> than = the=20 previous day's volume, and it must produce a rise on the
> Dow, = S&P=20 or Nasdaq, of 2 percent or more.
>
> "We consider that as = a second=20 attempt to show strength coming
> up from the bottom," O'Neil = said. He=20 says he's used the system for
> more than 30 years to call major = bottoms=20 in the past, and it hasn't
> failed.
>
> If the = market=20 really is building a bottom, as O'Neil suspects that it
> could = be, it's=20 important to recognize that a rally will take time.
> We've just = come=20 off one the steepest market declines ever. It likely
> will take = years=20 to repair that kind of damage.
>
> But individuals need to = be=20 prepared to take advantage once it's
> clear the bottom is here. = Start=20 he says, by taking new positions in
> new stocks in leading = industry=20 groups. He suggests resisting
> temptation to add positions in = familiar=20 technology names.
>
>
> -
> -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_003D_01C146C9.411A54A0-- - - - -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, 26 Sep 2001 20:27:09 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: [Canslim] Futures? This is a multi-part message in MIME format. - ------=_NextPart_000_004A_01C146C9.9E60CF40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable The futures are also influenced by trading in the Asian and European = markets, which is why I watch them overnight. The European influence is = more significant, as many major US stocks trade on their major = exchanges. Every one of the 30 stocks in the DOW Industrial, for = example, trade in most of the major European exchanges. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, September 26, 2001 1:35 PM Subject: Re: [CANSLIM] Re: [Canslim] Futures? If you are asking about limit moves, I'm not sure what the amount=20 is, but its a lot. Last week, the morning after Bush's speech (I=20 think that was the morning), the Dow futures were down 430 or so=20 points before the open.=20 There can be a lot of reasons for the futures to move prior to the=20 market open. The main reasons, typically, would be the economic=20 reports that are usually released at 8:30 (I say usually because=20 some reports are released at 10 am, some even later, but most of=20 the significant ones are released at 8:30), and some sort of=20 business news - a company releasing earnings, making some sort=20 of announcement, upgrades and downgrades, etc. Recently, we=20 have had to deal with the external news events, so those are also=20 influencing the futures. The futures are just pricing in news the way = the traders think the cash market will respond, but they can be=20 wrong, as we saw today when the futures gapped up and then=20 traded lower as the market couldn't really get moving in the=20 morning. On 26 Sep 01, at 11:13, Jerry Sparrow wrote: > Can anyone tell me what the highest and lowest the futures indices = can > fluctuate? I have been watching CNN in the morning and have noticed = that > when the S&P, Dow, and Nasdaq futures are up a lot the market seems = strong > for the day. Can anyone explain the correlation? I have IBD's = Guide to the > Markets and intend to read that section tonight but was just = wondering... >=20 > Jerry Sparrow, CPA > Corporate Controller > Biscuitville Restaurants, Inc. >=20 >=20 > = *************************************************************************= ************************* > The Firelan(tm) Virus Scanning Service has scanned this email for = viruses, vandals=20 > and malicious content. > http://www.firelan.net > = *************************************************************************= ************************* >=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_004A_01C146C9.9E60CF40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
The futures are also influenced by trading in the = Asian and=20 European markets, which is why I watch them overnight. The European = influence is=20 more significant, as many major US stocks trade on their major = exchanges. Every=20 one of the 30 stocks in the DOW Industrial, for example, trade in most = of the=20 major European exchanges.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Patrick = Wahl=20
To: canslim@lists.xmission.com =
Sent: Wednesday, September 26, = 2001 1:35=20 PM
Subject: Re: [CANSLIM] Re: = [Canslim]=20 Futures?

If you are asking about limit moves, I'm not sure what = the=20 amount
is, but its a lot.  Last week, the morning after = Bush's speech=20 (I
think that was the morning), the Dow futures were down 430 or = so=20
points before the open.

There can be a lot of reasons for = the=20 futures to move prior to the
market open.  The main reasons,=20 typically, would be the economic
reports that are usually released = at 8:30=20 (I say usually because
some reports are released at 10 am, some = even=20 later, but most of
the significant ones are released at 8:30), and = some=20 sort of
business news - a company releasing earnings, making some = sort=20
of announcement, upgrades and downgrades, etc.  Recently, we =
have=20 had to deal with the external news events, so those are also =
influencing=20 the futures.  The futures are just pricing in news the way =
the=20 traders think the cash market will respond, but they can be
wrong, = as we=20 saw today when the futures gapped up and then
traded lower as the = market=20 couldn't really get moving in the
morning.

On 26 Sep 01, at = 11:13,=20 Jerry Sparrow wrote:

> Can anyone tell me what the highest = and=20 lowest the futures indices can
> fluctuate?  I have been = watching=20 CNN in the morning and have noticed that
> when the S&P, = Dow, and=20 Nasdaq futures are up a lot the market seems strong
> for the = day. =20 Can anyone explain the correlation?  I have IBD's Guide to = the
>=20 Markets and intend to read that section tonight but was just=20 wondering...
>
> Jerry Sparrow, CPA
> Corporate=20 Controller
> Biscuitville Restaurants, Inc.
>
> =
>=20 = *************************************************************************= *************************
>=20 The Firelan(tm) Virus Scanning Service has scanned this email for = viruses,=20 vandals
> and malicious content.
> http://www.firelan.net
>=20 = *************************************************************************= *************************
>=20
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your = email.



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-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
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- ------=_NextPart_000_004A_01C146C9.9E60CF40-- - - - -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 #1696 ****************************** 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.