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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Bruce A. Brotnov who wrote (5104)8/5/1999 11:01:00 AM
From: ST Trader  Read Replies (1) of 6445
 
Bruce, what do you think of this correction we are having on the Nasdaq??? Looks like we are down approximately 13% from the highs, which would be considered a full blown correction!! If I am not mistaken a 20% correction is considered a bear market, although I really doubt we make it that far!!! It seems many of the stocks that I follow have fallen well in excess of 10% over the last 2 weeks, and are beginning to show strong valuation measures!!! I am still on the sidelines, but am looking to get my feet wet in some issues very soon!! (INTV, SFP, UNFY, XIRC, RUSH, ZOMX, HQ, PVAT)

Scott
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