Re: [CANSLIM] Curious in Florida

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Curious in Florida
Date: Wed, 8 May 2002 22:35:17 -0500

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MessageHi Duke,

Yes....we'd look for a follow through day (FTD) on the 4th through 7th =
day (5/14 to 5/17) after today's rally. Technically, a FTD on any one =
major index will do, though plurality adds further confirmation. I still =
give greater weight to the action of individual stocks in the CANLSIM =
universe. That is, if the stocks are acting right and the FTD is only on =
1%+, I count that as valid.

For anybody interested, there's an excellent summary of the FTD =
definition at Bill Lee's site:
http://www.market-tester.com/newft.htm

Katherine
  ----- Original Message -----=20
  From: Duke Miller=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, May 08, 2002 4:04 PM
  Subject: RE: [CANSLIM] Curious in Florida


  Thanks, Katherine.  As usual, you thread the ol' needle for us quite =
nicely.

  Correct me if I'm wrong, but following today's big run, we now look =
for a 2% rise on above average volume to declare an "Official" market =
turn upward.  Right?

  Duke

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<META http-equiv=3DContent-Type content=3D"text/html; =
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<BODY bgColor=3D#ffffff>
<DIV>Hi Duke,</DIV>
<DIV>&nbsp;</DIV>
<DIV>Yes....we'd look for a follow through day (FTD) on the 4th through=20
7th&nbsp;day (5/14 to 5/17)&nbsp;after today's rally. Technically, a FTD =
on any=20
one major index will do, though plurality adds further confirmation. I =
still=20
give greater weight to the action of individual stocks in the CANLSIM =
universe.=20
That is, if the stocks are acting right and the FTD is only on 1%+, I =
count that=20
as valid.</DIV>
<DIV>&nbsp;</DIV>
<DIV>For anybody interested, there's an excellent summary of the FTD =
definition=20
at Bill Lee's site:</DIV>
<DIV><A=20
href=3D"http://www.market-tester.com/newft.htm">http://www.market-tester.=
com/newft.htm</A></DIV>
<DIV>&nbsp;</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 =
href=3D"mailto:dukemill@tampabay.rr.com">Duke=20
  Miller</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> Wednesday, May 08, 2002 =
4:04=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Curious =
in=20
  Florida</DIV>
  <DIV><BR></DIV>
  <DIV><SPAN class=3D889010221-08052002><FONT face=3DArial>Thanks, =
Katherine.&nbsp;=20
  As usual, you thread the ol' needle for us quite =
nicely.</FONT></SPAN></DIV>
  <DIV><SPAN class=3D889010221-08052002><FONT=20
face=3DArial></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D889010221-08052002><FONT face=3DArial>Correct me if =
I'm wrong,=20
  but following today's big run, we now look for a 2% rise on above =
average=20
  volume to declare an "Official" market turn upward.&nbsp;=20
  Right?</FONT></SPAN></DIV>
  <DIV><SPAN class=3D889010221-08052002><FONT=20
face=3DArial></FONT></SPAN>&nbsp;</DIV>
  <DIV><SPAN class=3D889010221-08052002><FONT =
face=3DArial>Duke</FONT></SPAN><FONT=20
  face=3DArial></FONT></DIV></BLOCKQUOTE></BODY></HTML>

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