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Subject: Re: [CANSLIM] NAZ volume extremely high today ...
Date: Mon, 04 Mar 2002 14:08:55 -0600
Previous Article (by Date): RE: [CANSLIM] NAZ volume extremely high today ... "Tim Fisher"
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This is a multi-part message in MIME format. - ------=_NextPart_000_01BB_01C1C386.1F2E3340 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable =20 Seek Stronger Follow-Through Day By Jonah Keri Originally published November 13, 2001=20 IBD bases its trading rules on 50 years of market research. The basic = tenets don't change: Look for stocks with great fundamental and = technical features in a bull market. Keep your losses small. But as the market changes, so too will an occasional rule adjust. Today's market is far more volatile than it was a few decades ago. As a = result, a follow-through day now requires a minimum 2% gain in at least = one of the major indexes on higher volume than the previous session, not = 1% as before. Markets have always been jumpy, but the Internet boom has made stocks = even more so. Information flows more quickly, resulting in jarring price swings. = Highflying techs like Microsoft and Cisco Systems flashed enormous = growth, pulling investors along for a giddy, dizzying ride. But just as = those techs can shoot up 10% or more in a day, they can also tumble just = as far. More people have more cash tied up in the market than ever. Fund = managers face added pressure to jump in and out of big stock positions = as the market dictates, causing wild price swings. The market corrections of recent years triggered sharp downward spirals. = To snap out of those drops and confirm a new rally, stocks now need more = than a timid 1% advance. Not all follow-throughs guarantee a long-term rally. But no bull market = since at least the 1930s has begun without one. Also, a 2% = follow-through must be supported by a cast of strong stocks hitting new = highs. Techs had already powered the Nasdaq to a steep advance when the index = corrected 33% from July to October 1998. The Nasdaq sold off on Oct. 8, = but closed in the upper half of its intraday range. That was the = market's bottom (point 1 in the accompanying image). ----- Original Message -----=20 From: Tim Fisher=20 To: canslim@lists.xmission.com=20 Sent: Monday, March 04, 2002 1:55 PM Subject: Re: [CANSLIM] NAZ volume extremely high today ... For me, "Official" means two or more indices up 1.5% to 2% on greater = vol=20 than the day before and greater than 30d avg vol within 5-15 trading = days=20 from the recent low. Your results may differ. At 12:32 PM 3/4/2002 -0700, you wrote: >Coincidently, I'm reading "the 24 lessons" which >on pg. 76 states: >"follow through" ..., indicated by one of the >indices (DOW, S&P 500, or >Nasdaq Compisite) closing up 1% or more for the >day, with a jump in volume >from the day before. > >Not sure if this is what you mean by 'official'. > > Rolf > >----- Original Message ----- >From: "Tim Fisher" <Tim@orerockon.com> >To: <canslim@lists.xmission.com> >Sent: Monday, March 04, 2002 12:05 PM >Subject: Re: [CANSLIM] NAZ volume extremely high >today ... > > > > My question, to which I received no replies, >still remains: the DOW and > > NYSE comp did not F/T within their respective >windows, and did not undercut > > their earlier lows since (unlike the NASDAQ >comp). So from an official F/T > > day watch point of view, do we get a valid F/T >day on more than just the > > NASDAQ even if the other indices follow through >on volume today? > > > > At 08:17 AM 3/4/2002 -0800, you wrote: > > >I guess this will be the official 6th day >follow-through on te NAZ. Very > > >heavy volume for this time of day. > > > > > >Now all that remains is to find some quality >companies moving up - I am > > >seeing a definite shift away from microcaps >(except BEL, which moves up > > >vertically every single day) and into big caps. >My problem is that I am > > >having trouble finding any growing big caps >whose businesses aren't > > >performing poorly. My only slighly larger >company purchase last week was > > >ELON - i like the 150% growth in this market. >Any great ideas out there? > > > > > >Ian > > > > Tim Fisher > > Ore-ROCK-On Rockhounding Web Site > > Owner, Fisher Fisheries, Ltd. > > mailto:tim@OreRockOn.com > > WWW http://OreRockOn.com > > > > > > - > > -To subscribe/unsubscribe, email >"majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in >your email. > > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. Tim Fisher Ore-ROCK-On Rockhounding Web Site Owner, Fisher Fisheries, Ltd. mailto:tim@OreRockOn.com WWW http://OreRockOn.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_01BB_01C1C386.1F2E3340 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4913.1100" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3D"Comic Sans MS"><FONT face=3D"Times New Roman"=20 size=3D2> </FONT> <H3>Seek Stronger Follow-Through Day</H3> <P class=3Dbyline>By Jonah Keri</P><B>Originally published November 13, = 2001</B>=20 <P>IBD bases its trading rules on 50 years of market research. The basic = tenets=20 don't change: Look for stocks with great fundamental and technical = features in a=20 bull market. Keep your losses small.</P> <P>But as the market changes, so too will an occasional rule adjust.</P> <P>Today's market is far more volatile than it was a few decades ago. As = a=20 result, a follow-through day now requires a minimum 2% gain in at least = one of=20 the major indexes on higher volume than the previous session, not 1% as=20 before.</P> <P>Markets have always been jumpy, but the Internet boom has made stocks = even=20 more so.</P> <P>Information flows more quickly, resulting in jarring price swings. = Highflying=20 techs like Microsoft and Cisco Systems flashed enormous growth, pulling=20 investors along for a giddy, dizzying ride. But just as those techs can = shoot up=20 10% or more in a day, they can also tumble just as far.</P> <P>More people have more cash tied up in the market than ever. Fund = managers=20 face added pressure to jump in and out of big stock positions as the = market=20 dictates, causing wild price swings.</P> <P>The market corrections of recent years triggered sharp downward = spirals. To=20 snap out of those drops and confirm a new rally, stocks now need more = than a=20 timid 1% advance.</P> <P>Not all follow-throughs guarantee a long-term rally. But no bull = market since=20 at least the 1930s has begun without one. Also, a 2% follow-through must = be=20 supported by a cast of strong stocks hitting new highs.</P> <P>Techs had already powered the Nasdaq to a steep advance when the = index=20 corrected 33% from July to October 1998. The Nasdaq sold off on Oct. 8, = but=20 closed in the upper half of its intraday range. That was the market's = bottom=20 (point 1 in the accompanying image).</P></FONT></DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3DTim@orerockon.com href=3D"mailto:Tim@orerockon.com">Tim = Fisher</A>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, March 04, 2002 = 1:55=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] NAZ = volume=20 extremely high today ...</DIV> <DIV><BR></DIV>For me, "Official" means two or more indices up 1.5% to = 2% on=20 greater vol <BR>than the day before and greater than 30d avg vol = within 5-15=20 trading days <BR>from the recent low. Your results may = differ.<BR><BR>At 12:32=20 PM 3/4/2002 -0700, you wrote:<BR>>Coincidently, I'm reading "the 24 = lessons" which<BR>>on pg. 76 states:<BR>>"follow through" ..., = indicated=20 by one of the<BR>>indices (DOW, S&P 500, or<BR>>Nasdaq = Compisite)=20 closing up 1% or more for the<BR>>day, with a jump in = volume<BR>>from=20 the day before.<BR>><BR>>Not sure if this is what you mean by=20 'official'.<BR>><BR>> Rolf<BR>><BR>>----- Original = Message=20 -----<BR>>From: "Tim Fisher" <<A=20 href=3D"mailto:Tim@orerockon.com">Tim@orerockon.com</A>><BR>>To: = <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>>Sent:=20 Monday, March 04, 2002 12:05 PM<BR>>Subject: Re: [CANSLIM] NAZ = volume=20 extremely high<BR>>today ...<BR>><BR>><BR>> > My = question, to=20 which I received no replies,<BR>>still remains: the DOW and<BR>> = >=20 NYSE comp did not F/T within their respective<BR>>windows, and did = not=20 undercut<BR>> > their earlier lows since (unlike the=20 NASDAQ<BR>>comp). So from an official F/T<BR>> > day watch = point of=20 view, do we get a valid F/T<BR>>day on more than just the<BR>> = >=20 NASDAQ even if the other indices follow through<BR>>on volume=20 today?<BR>> ><BR>> > At 08:17 AM 3/4/2002 -0800, you=20 wrote:<BR>> > >I guess this will be the official 6th=20 day<BR>>follow-through on te NAZ. Very<BR>> > >heavy = volume for=20 this time of day.<BR>> > ><BR>> > >Now all that = remains is=20 to find some quality<BR>>companies moving up - I am<BR>> > = >seeing=20 a definite shift away from microcaps<BR>>(except BEL, which moves=20 up<BR>> > >vertically every single day) and into big = caps.<BR>>My=20 problem is that I am<BR>> > >having trouble finding any = growing big=20 caps<BR>>whose businesses aren't<BR>> > >performing = poorly. My=20 only slighly larger<BR>>company purchase last week was<BR>> > = >ELON - i like the 150% growth in this market.<BR>>Any great = ideas out=20 there?<BR>> > ><BR>> > >Ian<BR>> ><BR>> = > Tim=20 Fisher<BR>> > Ore-ROCK-On Rockhounding Web Site<BR>> > = Owner,=20 Fisher Fisheries, Ltd.<BR>> > <A=20 href=3D"mailto:tim@OreRockOn.com">mailto:tim@OreRockOn.com</A><BR>> = > WWW=20 <A href=3D"http://OreRockOn.com">http://OreRockOn.com</A><BR>> = ><BR>>=20 ><BR>> > -<BR>> > -To subscribe/unsubscribe, = email<BR>>"<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; >=20 -In the email body, write "subscribe canslim" or<BR>> > = - -"unsubscribe=20 canslim". Do not use quotes in<BR>>your email.<BR>>=20 ><BR>><BR>><BR>>-<BR>>-To subscribe/unsubscribe, email = "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ;-In=20 the email body, write "subscribe canslim" or<BR>>-"unsubscribe=20 canslim". Do not use quotes in your email.<BR><BR>Tim=20 Fisher<BR>Ore-ROCK-On Rockhounding Web Site<BR>Owner, Fisher = Fisheries,=20 Ltd.<BR><A = href=3D"mailto:tim@OreRockOn.com">mailto:tim@OreRockOn.com</A><BR>WWW=20 <A = href=3D"http://OreRockOn.com">http://OreRockOn.com</A><BR><BR><BR>-<BR>-T= o=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_01BB_01C1C386.1F2E3340-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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