From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3457 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 Sunday, August 3 2003 Volume 02 : Number 3457 In this issue: Re: [CANSLIM] Unemployment down, Job losses up? RE: [CANSLIM] Unemployment down, Job losses up? Re: [CANSLIM] WES - What does a "U" shape, 1-day chart mean Re: [CANSLIM] WES - What does a "U" shape, 1-day chart mean Re: [CANSLIM] TASR-Off Topic Re: M, was [CANSLIM] Going to Cash Re: [CANSLIM] Unemployment down, Job losses up? [CANSLIM] Accessing the discussion canslim archives... ---------------------------------------------------------------------- Date: Fri, 1 Aug 2003 14:19:50 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] Unemployment down, Job losses up? This is a multi-part message in MIME format. - ------=_NextPart_000_0323_01C35837.F84653F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly, check this out: http://www.bls.gov/news.release/jec.nr0.htm Gene ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 01, 2003 9:28 AM Subject: [CANSLIM] Unemployment down, Job losses up? Could someone please explain to me how unemployment could drop to 6.2% = while job losses increase by 44,000? Does it have to do with the way job = losses are reported (type, time lag, those getting previous benefits = dropping off?) or something else? I'm a bit confused, plus it's Friday = so my mind is already spinning down to "standby" for the weekend. Kelly - -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_0323_01C35837.F84653F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly, check this out:
 
http://www.bls.gov/n= ews.release/jec.nr0.htm
 
Gene
 
----- Original Message -----
From:=20 Kelly Short
To: canslim@lists.xmission.com=
Sent: Friday, August 01, 2003 = 9:28=20 AM
Subject: [CANSLIM] Unemployment = down, Job=20 losses up?

Could someone please explain to me how unemployment = could drop=20 to 6.2% while job losses increase by 44,000? Does it have to do with = the way=20 job losses are reported (type, time lag, those getting previous = benefits=20 dropping off?) or something else? I'm a bit confused, plus it's Friday = so my=20 mind is already spinning down to "standby" for the=20 weekend.

Kelly

-
-To 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_0323_01C35837.F84653F0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 1 Aug 2003 14:46:38 -0500 From: "Kelly Short" Subject: RE: [CANSLIM] Unemployment down, Job losses up? This is a multi-part message in MIME format. - ------_=_NextPart_001_01C35865.9F404FD7 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Gene! =20 labor force decreased by 556,000, 44,000 jobs lost, therefore = unemployment is down to 6.2%. Why they couldn't say it that way in the = press is beyond me. Perhaps Bush is right- the press "just doesn't get = economics." =20 Kelly - -----Original Message----- From: Gene Ricci [mailto:genr@swbell.net] Sent: Friday, August 01, 2003 2:20 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Unemployment down, Job losses up? Kelly, check this out: =20 http://www.bls.gov/news.release/jec.nr0.htm =20 Gene =20 - ----- Original Message -----=20 From: Kelly Short =20 To: canslim@lists.xmission.com=20 Sent: Friday, August 01, 2003 9:28 AM Subject: [CANSLIM] Unemployment down, Job losses up? Could someone please explain to me how unemployment could drop to 6.2% = while job losses increase by 44,000? Does it have to do with the way job = losses are reported (type, time lag, those getting previous benefits = dropping off?) or something else? I'm a bit confused, plus it's Friday = so my mind is already spinning down to "standby" for the weekend. Kelly - - - -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_001_01C35865.9F404FD7 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks=20 Gene!
 
labor force decreased by 556,000, = 44,000=20 jobs lost, therefore unemployment is down to 6.2%. Why they couldn't say = it that=20 way in the press is beyond me. Perhaps Bush is right- the press "just = doesn't=20 get economics."
 
Kelly
-----Original Message-----
From: Gene Ricci=20 [mailto:genr@swbell.net]
Sent: Friday, August 01, 2003 2:20=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Unemployment down, Job losses up?

Kelly, check this out:
 
http://www.bls.gov/n= ews.release/jec.nr0.htm
 
Gene
 
----- Original Message -----
From:=20 Kelly Short
Sent: Friday, August 01, 2003 = 9:28=20 AM
Subject: [CANSLIM] = Unemployment down,=20 Job losses up?

Could someone please explain to me how unemployment = could=20 drop to 6.2% while job losses increase by 44,000? Does it have to do = with=20 the way job losses are reported (type, time lag, those getting = previous=20 benefits dropping off?) or something else? I'm a bit confused, plus = it's=20 Friday so my mind is already spinning down to "standby" for the=20 weekend.

Kelly

-
-To 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_001_01C35865.9F404FD7-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 1 Aug 2003 12:52:36 -0700 From: "DMC197807" Subject: Re: [CANSLIM] WES - What does a "U" shape, 1-day chart mean This is a multi-part message in MIME format. - ------=_NextPart_000_006C_01C3582B.C8C2BF30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Kelly, I seldom look at charts with time periods less than 60 minutes, and = seldom trade intraday unless I get very lucky or very unlucky. Looking = at WES from a daily and 60 minute viewpoint, however, the chart still = looks intact (although not without some strong warning signs). The daily chart over the past 8 trading sessions has shown little = except hesitation in the shape of its candles: if today ends up in a = doji, as seems likely, it's 5 dojis in a row. Maybe it's ripe for a = correction that will violate its trendline; it's right on it now, if I'm = looking at the chart correctly. Volume has been tailing off for the = same 8 trading days; you have to look at this as a strong hint that = buyers are not showing up. Finally, today's candle, if it holds, is a = hanging man; a lower open on Monday would be a strong sell. If you're more long term in your outlook (unlikely, since you attached a = 15 minute chart) then you might wait to see if the 20 EMA provides = support here. On the 60 minute chart, all I see is a selloff in the morning and a = comeback to the open. One difficulty with commenting on charts is the commentator seldom knows = what timeframes and goals the audience has. One person might be = satisfied with an 8% swing profit over 5 days and another with 2% before = the market closes. DMC ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 01, 2003 12:17 PM Subject: [CANSLIM] WES - What does a "U" shape, 1-day chart mean All, I am presently in WES and am somewhat confounded by today's chart = action. The chart has literally made a perfect "U" (see attached). What = does this mean? I've been watching WES closely the past few days as the = action seems weird (that's a technical term by the way). It appears to = be basing after breaking out 7/11/03, but 7/30 and 7/31 logged what = appeared to be possible churning days. Now, today, we experience this = "U" shape with a large daily delta. My only thought is that it found = resistance at $32.60. Any thoughts you might have regarding the = translation of this "U" shape to supply and demand would be greatly = appreciated! Thanks, Kelly - ------=_NextPart_000_006C_01C3582B.C8C2BF30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Kelly,
 
I seldom look at charts with time = periods less than=20 60 minutes, and seldom trade intraday unless I get very lucky or very=20 unlucky.  Looking at WES from a daily and 60 minute viewpoint, = however, the=20 chart still looks intact (although not without some strong warning=20 signs).
 
 The daily chart over the past 8 = trading=20 sessions has shown little except hesitation in the shape of its candles: = if=20 today ends up in a doji, as seems likely, it's 5 dojis in a row.  = Maybe=20 it's ripe for a correction that will violate its trendline; it's right = on it=20 now, if I'm looking at the chart correctly.  Volume has been = tailing off=20 for the same 8 trading days; you have to look at this as a strong hint = that=20 buyers are not showing up.  Finally, today's candle, if it holds, = is a=20 hanging man; a lower open on Monday would be a strong sell.
 
If you're more long term in your = outlook (unlikely,=20 since you attached a 15 minute chart) then you might wait to see if the = 20 EMA=20 provides support here.
 
On the 60 minute chart, all I see is a = selloff in=20 the morning and a comeback to the open.
 
One difficulty with commenting on = charts is the=20 commentator seldom knows what timeframes and goals the audience = has.  One=20 person might be satisfied with an 8% swing profit over 5 days and = another with=20 2% before the market closes.
 
DMC
----- Original Message -----
From:=20 Kelly Short
Sent: Friday, August 01, 2003 = 12:17=20 PM
Subject: [CANSLIM] WES - What = does a "U"=20 shape, 1-day chart mean

All,
 
I am = presently in=20 WES and am somewhat confounded by today's chart action. The chart has=20 literally made a perfect "U" (see attached). What does this mean? I've = been=20 watching WES closely the past few days as the action seems weird = (that's a=20 technical term by the way). It appears to be basing after breaking out = 7/11/03, but 7/30 and 7/31 logged what appeared to be possible = churning days.=20 Now, today, we experience this "U" shape with a large daily delta. My = only=20 thought is that it found resistance at $32.60. Any thoughts you might = have=20 regarding the translation of this "U" shape to supply and demand would = be=20 greatly appreciated!
 
Thanks,
 
Kelly
 
- ------=_NextPart_000_006C_01C3582B.C8C2BF30-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 1 Aug 2003 17:25:37 -0600 From: "Rolf Hertenstein" Subject: Re: [CANSLIM] WES - What does a "U" shape, 1-day chart mean This is a multi-part message in MIME format. - ------=_NextPart_000_005C_01C35851.EC7E47C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable My first (and only) reaction is that I'd be heartened by the longer blue = volume lines as the stock rose on the right side of the 'U'. Rolf ----- Original Message -----=20 From: Kelly Short=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 01, 2003 1:17 PM Subject: [CANSLIM] WES - What does a "U" shape, 1-day chart mean All, I am presently in WES and am somewhat confounded by today's chart = action. The chart has literally made a perfect "U" (see attached). What = does this mean? I've been watching WES closely the past few days as the = action seems weird (that's a technical term by the way). It appears to = be basing after breaking out 7/11/03, but 7/30 and 7/31 logged what = appeared to be possible churning days. Now, today, we experience this = "U" shape with a large daily delta. My only thought is that it found = resistance at $32.60. Any thoughts you might have regarding the = translation of this "U" shape to supply and demand would be greatly = appreciated! Thanks, Kelly - ------=_NextPart_000_005C_01C35851.EC7E47C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
My first (and only) reaction is that = I'd be=20 heartened by the longer blue volume lines as the stock rose on the right = side of=20 the 'U'.
 
 Rolf
----- Original Message -----
From:=20 Kelly Short
Sent: Friday, August 01, 2003 = 1:17=20 PM
Subject: [CANSLIM] WES - What = does a "U"=20 shape, 1-day chart mean

All,
 
I am = presently in=20 WES and am somewhat confounded by today's chart action. The chart has=20 literally made a perfect "U" (see attached). What does this mean? I've = been=20 watching WES closely the past few days as the action seems weird = (that's a=20 technical term by the way). It appears to be basing after breaking out = 7/11/03, but 7/30 and 7/31 logged what appeared to be possible = churning days.=20 Now, today, we experience this "U" shape with a large daily delta. My = only=20 thought is that it found resistance at $32.60. Any thoughts you might = have=20 regarding the translation of this "U" shape to supply and demand would = be=20 greatly appreciated!
 
Thanks,
 
Kelly
 
- ------=_NextPart_000_005C_01C35851.EC7E47C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 1 Aug 2003 17:27:58 -0600 From: "Rolf Hertenstein" Subject: Re: [CANSLIM] TASR-Off Topic This is a multi-part message in MIME format. - ------=_NextPart_000_0066_01C35852.404DA9E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Yeah, I think he'd have been well pleased. He really believed in their = product and liked TASR all winter at around $4. He did get to watch it = start it's climb and make it back to $6 or so after some good earnings = news. Rolf ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 01, 2003 7:10 AM Subject: [CANSLIM] TASR-Off Topic Wasn't it Tom Worley that identified TASR as one of his microcaps some = time ago. It was up $1.13 yesterday to $20.30. Tom would have been = proud.=20 Charley=20 - ------=_NextPart_000_0066_01C35852.404DA9E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Yeah, I think he'd have been well = pleased.  He=20 really believed in their product and liked TASR all winter at around = $4. =20 He did get to watch it start it's climb and make it back to $6 or so = after some=20 good earnings news.
 
 Rolf
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, August 01, 2003 = 7:10=20 AM
Subject: [CANSLIM] TASR-Off = Topic

Wasn't it = Tom Worley=20 that identified TASR as one of his microcaps some time ago. It was up = $1.13=20 yesterday to $20.30. Tom would have been proud.

Charley = - ------=_NextPart_000_0066_01C35852.404DA9E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 1 Aug 2003 17:42:21 -0600 From: "Rolf Hertenstein" Subject: Re: M, was [CANSLIM] Going to Cash To me it looks like the rally's got a mild flu rather than anything terminal. Most distribution day have seen indices down < 1%, and there are about as many accumulation days (mostly also with gains < 1%). I did a simple average of up/down volume in the past 3 weeks and both the NYSE and NASD were about 1.3. The advance/decline 3-week average is about 1.2 on the NASD and 0.95 on the NYSE. Not sure if these averages mean anything. Anyway, I'm cautious and ready to pull the plug, but haven't felt compelled to yet! Rolf - ----- Original Message ----- From: "Kelly Short" To: Sent: Friday, August 01, 2003 7:22 AM Subject: RE: [CANSLIM] Going to Cash To keep this thread on the topic of CANSLIM...has anyone in the group recently gone to cash considering M's recent action? (I'm not saying its right or wrong...) Kelly - - - -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: Sat, 2 Aug 2003 09:42:15 EDT From: Davellil5@aol.com Subject: Re: [CANSLIM] Unemployment down, Job losses up? The Government could contract with a polling firm to sample recent drop-outs from those seeking employment, and find out what percentage really are willing to and capable of work. Then adjust the unemployment figure accordingly. They obviously have no interest in doing so. Dave - - - -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: Sun, 03 Aug 2003 08:00:01 -0600 From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Accessing the discussion canslim archives... From time to time, CANSLIM members may wish to browse the discussion archives. This posting provides instructions on how to access the archives. Thanks to David Cameron for compiling the essentials of this message. Here are the two ways to access the archives: 1. The best way is to use your web browser. To browse the archives, point your browser to: ftp://ftp.xmission.com/pub/lists/canslim/archive/ 2. (Not as convenient) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. Best Regards, Jeff Salisbury - CANSLIM list owner/admin - - - -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 #3457 ****************************** 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.