Re: [CANSLIM] curious in florida

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] curious in florida
Date: Thu, 9 May 2002 09:14:13 -0500

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Hi Tom & David,

The first day of an attempted rally is simply an up day that doesn't =
undercut the previous low in the ongoing downtrend. There aren't any =
volume requirements until the FTD. What it does mean, however, is that =
the action on the Dow on the 7th wouldn't qualify as the first day of a =
potential rally because the low of the day undercut the low of the =
previous day (even though the index *closed* up for the day).

Katherine
  ----- Original Message -----=20
  From: Tom Worley=20
  To: canslim@lists.xmission.com=20
  Sent: Thursday, May 09, 2002 8:57 AM
  Subject: Re: [CANSLIM] curious in florida


  disagree, David. While the volume was up, and it may prove to have =
been a short term bottom, the price gain was not even close to 1%, so =
doesn't count even under the old pre 1999 rules

  Tom Worley
  stkguru@bellsouth.net
  AIM: TexWorley
  ----- Original Message -----=20
  From: david frank=20
  To: canslim@lists.xmission.com=20
  Sent: Thursday, May 09, 2002 10:00 AM
  Subject: [CANSLIM] curious in florida


  i believe that on tuesday, may 7th, the dj industrials, had the first =
day of the attempted rally, and the countdown begins there. david

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<DIV>Hi Tom &amp; David,</DIV>
<DIV>&nbsp;</DIV>
<DIV>The first day of an attempted rally is simply an up day that =
doesn't=20
undercut the previous low in the ongoing downtrend. There aren't any =
volume=20
requirements until the FTD. What it does mean, however, is that the =
action on=20
the Dow on the 7th wouldn't qualify as the first day of a potential =
rally=20
because the low of the day undercut the low of the previous day (even =
though the=20
index *closed* up for the day).</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=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
  Worley</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> Thursday, May 09, 2002 =
8:57=20
AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] curious =
in=20
  florida</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial>disagree, David. While the volume was up, and =
it may=20
  prove to have been a short term bottom, the price gain was not even =
close to=20
  1%, so doesn't count even under the old pre 1999 rules</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Tom Worley<BR><A=20
  =
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
  TexWorley</DIV>
  <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
  <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
  title=3Dcamelot.homes@charter.net =
href=3D"mailto:camelot.homes@charter.net">david=20
  frank</A> </DIV>
  <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV><B>Sent:</B> Thursday, May 09, 2002 10:00 AM</DIV>
  <DIV><B>Subject:</B> [CANSLIM] curious in florida</DIV></DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>i believe that on tuesday, may 7th, =
the dj=20
  industrials, had the first day of the attempted rally, and the =
countdown=20
  begins there. david</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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