"Once those numbers happened, the market went through and continues to go through a normal consolidation phase, " said Scott Bleier, chief investment strategist at brokerage firm Prime Charter Ltd . It's natural to " have a move up, and a consolidation period, and then a ( decline ), and then another move up ."
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O'Neil has stated that the CANSLIM strategy is not momentum investing, but that the system identifies companies with strong fundamentals & mdash; big sales and earnings increases which is a result of unique new products or services & mdash; and encourages buying their stock when they emerge from price consolidation periods ( or " bases " ) and before they advance dramatically in price.
