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Author: dbphoenix Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 23026  
Subject: Re: Daily Graphs online: my impressions Date: 1/5/2000 10:14 AM
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<<I am confused about what to do when the M of CANSLIM seems to be changing>>

M is fine, but a lot of rookie investors, particularly those who trade with joysticks, are learning that stocks and markets don't go up forever without reaction. If there are a great many of them, there may be a bit further downside, but there will also be institutional support of the stronger names at support.

If you bought your stocks at canslim buypoints, the profit-taking going on is trivial. If you bought them at over-extended levels, you probably should already have been stopped out.
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