From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2503 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, June 18 2002 Volume 02 : Number 2503 In this issue: Re: [CANSLIM] The A's & B's in Acc/Dis Re: [CANSLIM] The A's & B's in Acc/Dis Re: [CANSLIM] The A's & B's in Acc/Dis Re: [CANSLIM] The A's & B's in Acc/Dis RE: [CANSLIM] The A's & B's in Acc/Dis Re: [CANSLIM] The A's & B's in Acc/Dis Re: [CANSLIM] "M" Re: [CANSLIM] your car/ etc Re: [CANSLIM] "M" Re: [CANSLIM] "M" RE: [CANSLIM] "M" [CANSLIM] Acc/Dis charts updated. ---------------------------------------------------------------------- Date: Tue, 18 Jun 2002 08:13:06 -0500 From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] The A's & B's in Acc/Dis Just curious, how do you know that the number of A's and B's dropped? Is that in the paper somewhere? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Fred Richards" To: CANFORUM , SWL@adrich.com Sent by: cc: owner-canslim@lists.xm Subject: [CANSLIM] The A's & B's in Acc/Dis ission.com 06/18/2002 07:16 AM Please respond to canslim If the action on Monday was truly the beginning of the new bull, why was there a drop in the number of A's and B's in the Acc/Dis numbers in IBD. Also, please note the low volume. It looks to me as if the individual optimists were suckered in again and the big boys were selling into the rally. Just a word of caution to those of you who have itchy trade fingers. Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.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, 18 Jun 2002 08:20:20 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] The A's & B's in Acc/Dis This is a multi-part message in MIME format. - ------=_NextPart_000_00D2_01C216A0.FC2ED020 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Mike, Take a look at the IBD Big Picture page (General Markets & Sectors, = usually page B2)....then look at the Dow Jones Industrials graph, lower = left. You'll see a summary of A/D numbers. I'm looking at 6/13's paper, = but it says: A 528 -16, B 1921 -49, etc. Meaning 528 A's currently, down 16 from the previous day, etc. One thing to keep in mind about the A/D numbers is that they are a = *lagging* indicator of current activity. Good for determining trend, but = may not necessarily tell the whole story at a turning point--only the = price/volume action of individual stocks tells that in a comprehensive = way. That said, I am not disputing what Fred was saying, just adding a = cautionary interpretive note. Katherine ----- Original Message -----=20 From: michael_niemotka@baxter.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, June 18, 2002 8:13 AM Subject: Re: [CANSLIM] The A's & B's in Acc/Dis Just curious, how do you know that the number of A's and B's dropped? = Is that in the paper somewhere? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com = =20 "Fred Richards" = =20 To: CANFORUM = , SWL@adrich.com =20 Sent by: cc: = =20 owner-canslim@lists.xm Subject: = [CANSLIM] The A's & B's in Acc/Dis =20 ission.com = =20 = =20 = =20 06/18/2002 07:16 AM = =20 Please respond to = =20 canslim = =20 = =20 = =20 If the action on Monday was truly the beginning of the new bull, why = was there a drop in the number of A's and B's in the Acc/Dis numbers in = IBD. Also, please note the low volume. It looks to me as if the individual optimists were suckered in again and the big boys were selling into = the rally. Just a word of caution to those of you who have itchy trade fingers. Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, = the more laws.] - - Tacitus, Annuals III 27 www.adrich.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. - ------=_NextPart_000_00D2_01C216A0.FC2ED020 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Mike,
 
Take a look at the IBD Big Picture page (General Markets & = Sectors,=20 usually page B2)....then look at the Dow Jones Industrials graph, lower = left.=20 You'll see a summary of A/D numbers. I'm looking at 6/13's paper, but it = says:
 
A 528 -16, B 1921 -49, etc.
 
Meaning 528 A's currently, down 16 from the previous day, = etc.
 
One thing to keep in mind about the A/D numbers is that they are a=20 *lagging* indicator of current activity. Good for determining trend, but = may not=20 necessarily tell the whole story at a turning point--only the = price/volume=20 action of individual stocks tells that in a comprehensive way. That = said, I=20 am not disputing what Fred was saying, just adding a cautionary = interpretive=20 note.
 
Katherine
----- Original Message -----
From:=20 michael_niemotka@baxter.com=20
Sent: Tuesday, June 18, 2002 = 8:13=20 AM
Subject: Re: [CANSLIM] The A's = & B's=20 in Acc/Dis


Just curious, how do you know that the number of = A's and=20 B's dropped?  Is
that in the paper somewhere?


Mike = Niemotka=20 , PE
Sr. Principal Engineer
Baxter Healthcare = Corporation
Route 120=20 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax = (847)=20 270-4525
michael_niemotka@baxter.com


          = ;            =             &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;            = ;            =             &= nbsp;           &n= bsp;   =20 =
           &nb= sp;       =20 "Fred=20 = Richards"          &nbs= p;            = ;            =             &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;    =20 =
           &nb= sp;       =20 <ffradrich@attbi.com> &nbs= p;      =20 To:     CANFORUM <canslim@lists.xmission.com= >,=20 SWL@adrich.com    =         =20 =
           &nb= sp;       =20 Sent=20 = by:           &nbs= p;         =20 = cc:           &nbs= p;            = ;            =             &= nbsp;           &n= bsp;         =20 =
           &nb= sp;       =20 owner-canslim@lists.xm &n= bsp;     =20 Subject:     [CANSLIM] The A's & B's in=20 = Acc/Dis           =             &= nbsp;  =20 =
           &nb= sp;       =20 = ission.com          &nb= sp;           &nbs= p;            = ;            =             &= nbsp;           &n= bsp;           &nb= sp;         =20 =
           &nb= sp;           &nbs= p;            = ;            =             &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;            = ;            =   =20 =
           &nb= sp;           &nbs= p;            = ;            =             &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;            = ;            =   =20 =
           &nb= sp;       =20 06/18/2002 07:16=20 = AM            = ;            =             &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;           =20 =
           &nb= sp;       =20 Please respond=20 = to            = ;            =             &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;            = ; =20 =
           &nb= sp;       =20 = canslim           =             &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;            = ;            =              = =
           &nb= sp;           &nbs= p;            = ;            =             &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;            = ;            =   =20 =
           &nb= sp;           &nbs= p;            = ;            =             &= nbsp;           &n= bsp;           &nb= sp;           &nbs= p;            = ;            =   =20




If the action on Monday was truly the beginning of = the new=20 bull, why was
there a drop in the number of A's and B's in the = Acc/Dis=20 numbers in IBD.

Also, please note the low volume.  It = looks to me=20 as if the individual
optimists were suckered in again and the big = boys were=20 selling into the
rally.

Just a word of caution to those of = you who=20 have itchy trade fingers.

Fred Richards

Corruptisima = republica=20 plurimae leges.  [The more corrupt a republic, the
more = laws.]  -=20 - Tacitus, Annuals III 27

www.adrich.com





=
-
-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_00D2_01C216A0.FC2ED020-- - - - -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, 18 Jun 2002 08:31:16 -0500 From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] The A's & B's in Acc/Dis Thanks. That is my one gripe with IBD. I packs SO much info to a daily paper, that sometimes I feel overwhelmed. I know there is that little blurb in the paper about how you can get great info in only 15 mins a day, but that seems WAY to short of a time. Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Katherine Malm" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] The A's & B's in Acc/Dis ission.com 06/18/2002 08:20 AM Please respond to canslim Hi Mike, Take a look at the IBD Big Picture page (General Markets & Sectors, usually page B2)....then look at the Dow Jones Industrials graph, lower left. You'll see a summary of A/D numbers. I'm looking at 6/13's paper, but it says: A 528 -16, B 1921 -49, etc. Meaning 528 A's currently, down 16 from the previous day, etc. One thing to keep in mind about the A/D numbers is that they are a *lagging* indicator of current activity. Good for determining trend, but may not necessarily tell the whole story at a turning point--only the price/volume action of individual stocks tells that in a comprehensive way. That said, I am not disputing what Fred was saying, just adding a cautionary interpretive note. Katherine ----- Original Message ----- From: michael_niemotka@baxter.com To: canslim@lists.xmission.com Sent: Tuesday, June 18, 2002 8:13 AM Subject: Re: [CANSLIM] The A's & B's in Acc/Dis Just curious, how do you know that the number of A's and B's dropped? Is that in the paper somewhere? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com "Fred Richards" To: CANFORUM < canslim@lists.xmission.com>, SWL@adrich.com Sent by: cc: owner-canslim@lists.xm Subject: [CANSLIM] The A's & B's in Acc/Dis ission.com 06/18/2002 07:16 AM Please respond to canslim If the action on Monday was truly the beginning of the new bull, why was there a drop in the number of A's and B's in the Acc/Dis numbers in IBD. Also, please note the low volume. It looks to me as if the individual optimists were suckered in again and the big boys were selling into the rally. Just a word of caution to those of you who have itchy trade fingers. Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.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, 18 Jun 2002 07:39:16 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] The A's & B's in Acc/Dis Every time we see one of these big rallies, I am always thinking part of it is due to short covering so I'm not even sure you can say many people were suckered in. On 18 Jun 2002 at 7:16, Fred Richards wrote: > Also, please note the low volume. It looks to me as if the individual > optimists were suckered in again and the big boys were selling into the > rally. - - - -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, 18 Jun 2002 09:55:05 -0400 From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" Subject: RE: [CANSLIM] The A's & B's in Acc/Dis 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_01C216CF.BFF08ED0 Content-Type: text/plain; charset="iso-8859-1" That is hilarious! What a statement of the times. Also, now I know where all my money goes - it goes to Dogbert! - -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Tuesday, June 18, 2002 9:08 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] The A's & B's in Acc/Dis Yeah...but it's a whole new era when even Dilbert is making jokes about selling short.... (see attached) Katherine - ----- Original Message ----- From: Fred Richards To: CANFORUM ; SWL@adrich.com Sent: Tuesday, June 18, 2002 7:16 AM Subject: [CANSLIM] The A's & B's in Acc/Dis If the action on Monday was truly the beginning of the new bull, why was there a drop in the number of A's and B's in the Acc/Dis numbers in IBD. Also, please note the low volume. It looks to me as if the individual optimists were suckered in again and the big boys were selling into the rally. Just a word of caution to those of you who have itchy trade fingers. Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com - ------_=_NextPart_001_01C216CF.BFF08ED0 Content-Type: text/html; charset="iso-8859-1"
That is hilarious!  What a statement of the times.
 
Also, now I know where all my money goes - it goes to Dogbert!
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Tuesday, June 18, 2002 9:08 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] The A's & B's in Acc/Dis

Yeah...but it's a whole new era when even Dilbert is making jokes about selling short.... (see attached)
 
Katherine
----- Original Message -----
Sent: Tuesday, June 18, 2002 7:16 AM
Subject: [CANSLIM] The A's & B's in Acc/Dis

If the action on Monday was truly the beginning of the new bull, why was there a drop in the number of A's and B's in the Acc/Dis numbers in IBD.
 
Also, please note the low volume.  It looks to me as if the individual optimists were suckered in again and the big boys were selling into the rally.
 
Just a word of caution to those of you who have itchy trade fingers.
 
Fred Richards
 
Corruptisima republica plurimae leges.  [The more corrupt a republic, the more laws.]  - - Tacitus, Annuals III 27
 
 
- ------_=_NextPart_001_01C216CF.BFF08ED0-- - - - -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, 18 Jun 2002 08:00:58 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] The A's & B's in Acc/Dis On 18 Jun 2002 at 7:16, Fred Richards wrote: > Just a word of caution to those of you who have itchy trade fingers. More words of caution, this was at CBS Market Watch today, this is part of it anyway, by Mark Hulbert on the front page if anyone wants the whole thing - ANNADALE, Va. (CBS.MW) -- I hate to be a party pooper, but Monday's impressive market action has all the hallmarks of a bear-market rally. If it really was the beginning of something more sustainable, then newsletter editors would have been much more skeptical of it. In fact, however, the average newsletter editor reacted to Monday's rally by quickly converting back to the bullish camp. Consider the Hulbert Financial Digest's stock market sentiment index, which measures the average equity exposure among market-timing newsletters that communicate their thoughts daily with their subscribers. Between Friday's close and Monday's close, this index jumped from -5.2 percent to +16.7 percent, for one of the biggest one-day increases ever for this sentiment measure. Bull markets like to climb a wall of worry, and this is anything but. To get an idea of how just how complacent advisors are these days, contrast newsletter editors' reaction to Monday's 213-point Dow rally with how they responded just two weeks ago -- on June 3 -- to that day's 215-point plunge. On that earlier occasion editors reduced their exposure by a barely noticeable 0.8 percent. The inescapable conclusion: While advisers are quick to turn bullish on in the wake of any rally, they are reluctant to turn bearish when the market plunges. That means there's still too much optimism and complacency. To place advisers' current complacency in an historical context, take a look at the chart below, which plots the HFD's stock sentiment index over the past five years. The record low reading of the HFD's sentiment index, -81.8 percent, came on October 18, 1999. In retrospect that might seem an odd time for excessive pessimism, since from our perspective several years later we think of the late 1990s as a period in which the market did nothing but go up. In fact, however, the equity market suffered a serious correction during the fall of 1999. And anxiety about the Y2K bug -- remember that? - -- was beginning to build to a fever pitch. It turned out to be an excellent time to buy stocks. To its high in mid-March of 2000, just five months later, the Nasdaq Composite nearly doubled. The HFD's sentiment index also spent many weeks in negative territory in the fall of 1998, following the Asian currency crisis and the collapse of Long Term Capital Management. In fact, as you can see from the accompanying chart, throughout 1999 - and even in 1998 -- the HFD's stock sentiment index produced a series of lower lows. This is very characteristic of the wall of worry that bull markets like to climb. - - - -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, 18 Jun 2002 08:27:04 -0700 From: Ian Subject: Re: [CANSLIM] "M" The NASDAQ is up almost 10% from Friday's low already ... BEFORE we've even had a chance for a follow-through day. It seems that whenever it gets this manic, this fast, it is just a temporary blip in the larger downtrend. It feels to me like everyone is trying to milk as much as they can, as fast as possible, before the downtrend continues. We'll see. Ian - ----- Original Message ----- From: Tom Worley To: CANSLIM Sent: Tuesday, June 18, 2002 4:45 AM Subject: [CANSLIM] "M" > Yesterday's gains were nice, but on average volume, and with volume well > under Friday's, so means nothing to me for the moment. And futures today, > and European trading, indicates we will be giving back part of those gains. > > Tom Worley > stkguru@bellsouth.net > AIM: TexWorley > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 18 Jun 2002 11:41:36 EDT From: KLall1112@aol.com Subject: Re: [CANSLIM] your car/ etc It seems this message has been sent by mistake in one of those moments when the guards are down. Take care. Kris - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 18 Jun 2002 08:55:03 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] "M" We have learned to do this since the BO watching has failed consistently. Kent - --- Ian wrote: > It feels to me like everyone is trying to milk as much as they can, > as fast > as possible, before the downtrend continues. We'll see. > > Ian > ===== Opportunities always look bigger going than coming. __________________________________________________ Do You Yahoo!? Yahoo! - Official partner of 2002 FIFA World Cup http://fifaworldcup.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, 18 Jun 2002 13:14:10 EDT From: Mendheart@aol.com Subject: Re: [CANSLIM] "M" We only need 7 more days like Friday and the NASDAQ wil be EVEN for the year! Go "M" go! Denny mendheart@aol.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, 18 Jun 2002 12:30:00 -0500 From: "Hill, Ernie" Subject: RE: [CANSLIM] "M" This very short term bounce in the S&P has topped out today. Expect M to turn down toward my target range of 965-958. -----Original Message----- From: Mendheart@aol.com [mailto:Mendheart@aol.com] Sent: Tuesday, June 18, 2002 12:14 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] "M" We only need 7 more days like Friday and the NASDAQ wil be EVEN for the year! Go "M" go! Denny mendheart@aol.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. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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, 18 Jun 2002 13:05:00 -0500 From: "Fred Richards" Subject: [CANSLIM] Acc/Dis charts updated. This is a multi-part message in MIME format. - ------=_NextPart_000_000E_01C216C8.C12828A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit http://www.adrich.com/SI/Info/A's.htm Fred Richards Corruptisima republica plurimae leges. [The more corrupt a republic, the more laws.] - - Tacitus, Annuals III 27 www.adrich.com - ------=_NextPart_000_000E_01C216C8.C12828A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
http://www.adrich.com/SI/I= nfo/A's.htm
 
Fred Richards
 
Corruptisima republica plurimae = leges.  [The=20 more corrupt a republic, the more laws.]  - - Tacitus, Annuals III=20 27
 
www.adrich.com
 
- ------=_NextPart_000_000E_01C216C8.C12828A0-- - - - -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 #2503 ****************************** 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.