Re: [CANSLIM] M?

Dave,

You are most likely correct here to stay on the sidelines. When I find that
breakouts are not working well, I have little reason to commit money to the
market. On the flip side the FED has been pumping money so quickly into the
economy that I don't know what will happen. They have pumped quicker than
any time in history.



Mike Scott

Tarzana, CA

_____

From: canslim-bounces@???
[mailto:canslim-bounces@???] On Behalf Of Dave Rubin
Sent: Friday, March 28, 2008 7:48 AM
To: 'CANSLIM Stock Investment Group'
Subject: [CANSLIM] M?



I am very suspect of "M" here. Sure we're in a confirmed rally but something
doesn't feel right. Anybody agree?



I see POT reaching new highs yet again on decreasing volume. Looks like it
is forming a triple-top. Or, it could be breaking out of a short
double-bottom. But shouldn't we be seeing new stocks breakout, not the same
old ones breaking out of short bases?



I hate to try to time the market. If you miss those precious few 4% daily
gains your portfolio takes a big hit. But still I can't help but think we
haven't seen the end of this correction. Looking at a long-term chart, sharp
moves down like this one never resolve this quickly.



This financial crisis is immense compared to other bear market triggers such
as the S&L crisis and LTCM collapse. Trillions of dollars just disappeared.
One could say it's the worst we have seen since the great depression. Is a 6
month correction of 17% in the S&P enough, especially after a bull market of
unprecedented length? Or are we in store for another protracted bear market
like 2000-2002?



Don't want to miss the next move up, but having trouble committing dollars
here.


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