Go to Jeff Salisbury LWGate Home Page.From: "Marc Laniado" <marclaniado@msn.com>
Subject: [CANSLIM] Market direction, basing, breaking, trending stocks etc
Date: Sun, 30 May 1999 17:23:18 +0100
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Dear Tom and others, Do you think that the market will continue to rise over the next few months despite the recent couple of weeks? Don't we need a day up on big volume for the general market averages before we can restart? Tom, you say that you pick stocks that are in a base - so would you consider LGTO that was declining but seems to be rising and has broken its intermediate trend line down? It has many favourable characteristics and was a great stock before? I though these other stocks were worth considering if we believe the market is ok. They are not perfect by any stretch of the imagination. BREAKOUTS from cups+/- handles CLFY UIS VISX gapped down and seems to be rising again???do we buy now?? I don't know the details of this but there was a court case I think causing problems BASING AEOS PSUN KIDE seems to be at its support level TIF UNPH making cup +/-handle and may break out FDS TTIL CTXS TMBS Trending up BBOX EUSA XETA RSC PWR SPW MSS PROX (in a channel) SCNYB KSWS (?BLOW OFF) AGH EWB FSRV AMGN seems to be bottoming out. Just some ideas! Don't feel compelled to comment on all of them - there are rather many!! Best wishes, Marc Marc E Laniado marclaniado@msn.com - -
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