Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] HTMMIS and M
Date: Sat, 6 Apr 2002 10:10:33 -0600
Next Article (by Author): RE: [CANSLIM] Low handle "Mike Gibbons"
Previous Article (by Author): Re: [CANSLIM] HTMMIS and M "Chas"
Top of Thread: Re: [CANSLIM] HTMMIS and M "Chas"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_005B_01C1DD53.49B35C80
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
MessageHi Chas,
When I was writing my original note, I was going back to a previous FTD =
in the market, that is, the one after 9/11. The rally that started with =
the FTD 9/28 was fairly strong, but then began sputtering in =
mid-December. The market reversed a bit right after the first of the =
year, but then by mid-January started falling apart after multiple =
distribution days and killed the rally. You're right that we've had a =
fresh FTD on about 3/3 or 3/4. In WON"s terms, "this is what you look =
for in a follow-through confirmation of a new market rally: The Nasdaq, =
Dow or S&P 500 must stay above the point at which they bottomed. Then, =
between the fourth and seventh days of the rally attempt (or sometimes =
later), look for at least one of the indexes to gain at least 2% on =
higher volume than the prior session. " Mark Boucher of =
TradingMarkets.com uses WON's FTD, but also adds what he calls "a =
plurality of signals." This is not contrary to WON's notions, but =
quantifies some of the additional clues that WON tells us we should look =
for when determining market health, such as new highs in strong =
industries vs new lows in weak industries, up vs down volume, etc. =
Though there are signs that things are not as dire in the market as some =
would have us believe, the jury's still out. The Nasdaq has now posted 2 =
heavy distribution days close together, the S&P has had a couple of =
lighter distribution days recently, and the Dow has had a couple of back =
to back distribution days. None of these officially kills the recent =
rally, but in my mind that means we're treading on iffy ground. I don't =
even know why I'm attempting to explain all this in my own words, =
because there's a terrific resource available written by Bill Lee. He's =
done a superb job of explaining market bottoms and tops at his website. =
And, though he's too humble to tell anybody about it here (so I'm just =
going to do it for him!), he has an amazing shareware tool that runs in =
Excel that does all these calculations for you and spits out a chart =
that shows the beginning and end of each rally according the WON's =
guidelines. Once I stumbled across his beta version, I started using it =
in place of my own manual notations at the end of each day. Check out =
his explanations of WON's guidelines at: =
http://www.market-tester.com/primer.htm
Katherine
----- Original Message -----=20
From: Chas=20
To: canslim@lists.xmission.com=20
Sent: Saturday, April 06, 2002 9:00 AM
Subject: Re: [CANSLIM] HTMMIS and M
Hi Katherine
Since I'm new to this CANSLIM and still learning...you wrote of the =
sept 01 ftd....was this for the market in general or do you have =
different % that you look for??? WON writes of the 1% ftd and there was =
a ftd in mar4 & mar6....both the DOW & NASDAQ are lower now ...does this =
mean we have to look for a new set of follow through days?? As always =
your comments are read with great interest.
Chas
-----Original Message-----
From: Katherine Malm <kmalm@earthlink.net>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Friday, April 05, 2002 3:26 PM
Subject: Re: [CANSLIM] HTMMIS and M
Hi Duke,
Didn't you receive the special =
double-secret-forward-looking-X-Ray-sunglasses with your copy of HTMMIS?
Thanks for pointing out the typo, I meant 9/28/01!
Katherine
----- Original Message -----=20
From: Duke Miller=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 05, 2002 2:06 PM
Subject: RE: [CANSLIM] HTMMIS and M
Katherine,
You are so good...however, since it's almost the weekend, =
rhetorically speaking, how is it you know that September 28, 2002 is =
going to be an FTD?
Enjoy your weekend and, as you usually say, happy hunting!
Duke=20
- ------=_NextPart_000_005B_01C1DD53.49B35C80
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><TITLE>Message</TITLE>
<META http-equiv=3DContent-Type =
content=3Dtext/html;charset=3Diso-8859-1>
<META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Hi Chas,</DIV>
<DIV> </DIV>
<DIV>When I was writing my original note, I was going back to a previous =
FTD in=20
the market, that is, the one after 9/11. The rally that started with the =
FTD=20
9/28 was fairly strong, but then began sputtering in mid-December. The =
market=20
reversed a bit right after the first of the year, but then by =
mid-January=20
started falling apart after multiple distribution days and killed the =
rally.=20
You're right that we've had a fresh FTD on about 3/3 or 3/4. In WON"s=20
terms, "this is what you look for in a follow-through confirmation =
of a=20
new market rally: The Nasdaq, Dow or S&P 500 must stay above the =
point at=20
which they bottomed. Then, between the fourth and seventh days of the =
rally=20
attempt (or sometimes later), look for at least one of the indexes to =
gain at=20
least 2% on higher volume than the prior session. " Mark Boucher of=20
TradingMarkets.com uses WON's FTD, but also adds what he calls "a =
plurality of=20
signals." This is not contrary to WON's notions, but quantifies some of =
the=20
additional clues that WON tells us we should look for when determining =
market=20
health, such as new highs in strong industries vs new lows in weak =
industries,=20
up vs down volume, etc. Though there are signs that things are not as =
dire in=20
the market as some would have us believe, the jury's still out. The =
Nasdaq has=20
now posted 2 heavy distribution days close together, the S&P has had =
a=20
couple of lighter distribution days recently, and the Dow has had a =
couple=20
of back to back distribution days. None of these officially kills the =
recent=20
rally, but in my mind that means we're treading on iffy ground. I don't =
even=20
know why I'm attempting to explain all this in my own words, because =
there's a=20
terrific resource available written by Bill Lee. He's done a superb job =
of=20
explaining market bottoms and tops at his website. And, though he's too =
humble=20
to tell anybody about it here (so I'm just going to do it for him!), he =
has an=20
amazing shareware tool that runs in Excel that does all these =
calculations for=20
you and spits out a chart that shows the beginning and end of each rally =
according the WON's guidelines. Once I stumbled across his beta version, =
I=20
started using it in place of my own manual notations at the end of each =
day.=20
Check out his explanations of WON's guidelines at: <A=20
href=3D"http://www.market-tester.com/primer.htm">http://www.market-tester=
.com/primer.htm</A></DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<BLOCKQUOTE dir=3Dltr=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=3D1440lda@tm.net href=3D"mailto:1440lda@tm.net">Chas</A> =
</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> Saturday, April 06, 2002 =
9:00=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] HTMMIS =
and M</DIV>
<DIV><BR></DIV>
<DIV><FONT color=3D#000000 size=3D2>Hi Katherine</FONT></DIV>
<DIV><FONT color=3D#000000 size=3D2></FONT><FONT size=3D2>Since I'm =
new to this=20
CANSLIM and still learning...you wrote of the sept 01 ftd....was this =
for the=20
market in general or do you have different % that you look for??? WON =
writes=20
of the 1% ftd and there was a ftd in mar4 & mar6....both the DOW =
&=20
NASDAQ are lower now ...does this mean we have to look for a new set =
of follow=20
through days?? As always your comments are read with great =
interest.</FONT></DIV>
<DIV><FONT size=3D2>Chas</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px =
solid">
<DIV><FONT face=3DArial size=3D2><B>-----Original =
Message-----</B><BR><B>From:=20
</B>Katherine Malm <<A=20
=
href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>><BR><B>To:=
=20
</B><A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR><B>Date:=20
</B>Friday, April 05, 2002 3:26 PM<BR><B>Subject: </B>Re: [CANSLIM] =
HTMMIS=20
and M<BR><BR></DIV></FONT>
<DIV>Hi Duke,</DIV>
<DIV> </DIV>
<DIV>Didn't you receive the special=20
double-secret-forward-looking-X-Ray-sunglasses with your copy of=20
HTMMIS?</DIV>
<DIV> </DIV>
<DIV>Thanks for pointing out the typo, I meant 9/28/01!</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=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=3Ddukemill@tampabay.rr.com=20
href=3D"mailto:dukemill@tampabay.rr.com">Duke Miller</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 05, =
2002 2:06=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
HTMMIS and=20
M</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D543290220-05042002><FONT=20
face=3DArial>Katherine,</FONT></SPAN></DIV>
<DIV><SPAN class=3D543290220-05042002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D543290220-05042002><FONT face=3DArial>You are =
so=20
good...however, since it's almost the weekend, rhetorically =
speaking,=20
how is it you know that September 28, 2002 is going to be an=20
FTD?</FONT></SPAN></DIV>
<DIV><SPAN class=3D543290220-05042002></SPAN> </DIV>
<DIV><SPAN class=3D543290220-05042002><FONT face=3DArial>Enjoy =
your weekend=20
and, as you usually say, happy hunting!</FONT></SPAN></DIV>
<DIV><SPAN class=3D543290220-05042002></SPAN> </DIV>
<DIV><SPAN class=3D543290220-05042002><FONT=20
face=3DArial>Duke</FONT> </SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr=20
=
align=3Dleft> </DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQU=
OTE></BODY></HTML>
- ------=_NextPart_000_005B_01C1DD53.49B35C80--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): RE: [CANSLIM] Low handle "Mike Gibbons"
Previous Article (by Author): Re: [CANSLIM] HTMMIS and M "Chas"
Top of Thread: Re: [CANSLIM] HTMMIS and M "Chas"
Articles sorted by: [Date]
[Author]
[Subject]