Re: [CANSLIM] FTD Question

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] FTD Question
Date: Thu, 27 Jun 2002 08:46:37 -0500

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Hi Jon,

A rally and/or FTD* by itself doesn't mean all that much. You still need =
evidence that strong stocks are breaking out of sound bases. There'll be =
plenty of time to purchase good quality stocks if this is "the real =
thing." Patience, readiness and following your investing rules are the =
most critical tasks right now.

Katherine

  ----- Original Message -----=20
  From: J. Lobatto=20
  To: canslim@lists.xmission.com=20
  Sent: Thursday, June 27, 2002 8:27 AM
  Subject: [CANSLIM] FTD Question


  The market is so oversold now, that we are due for a strong rally =
(even if it turns out to be a temporary rally based mainly on short =
covering). If we would get two days in a row with big increases on very =
large volume, would the 2nd day be considered an FTD, or would the =
purists rather the FTD be 4-7 days after the first day? This may all be =
moot as we may not get a powerful rally, but if we get two very strong =
days back to back, how should we react?

  Jon

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<DIV>Hi Jon,</DIV>
<DIV>&nbsp;</DIV>
<DIV>A rally and/or FTD*&nbsp;by itself doesn't mean all that much. You =
still=20
need evidence that strong stocks are breaking out of sound bases. =
There'll be=20
plenty of time to purchase good quality stocks if this is "the real =
thing."=20
Patience, readiness&nbsp;and following your investing rules are the most =

critical tasks right now.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV>
<DIV>&nbsp;</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=3Djlobatto@nyc.rr.com href=3D"mailto:jlobatto@nyc.rr.com">J. =
Lobatto</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> Thursday, June 27, 2002 =
8:27=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] FTD =
Question</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial color=3D#0000ff>The market is so oversold now, =
that we are=20
  due for a strong rally (even if it turns out to be a temporary rally =
based=20
  mainly on short covering). If we would get two days in a row with big=20
  increases on very large volume, would the 2nd day be considered an =
FTD, or=20
  would the purists rather the FTD be 4-7 days after the first day? This =
may all=20
  be moot as we may not get a powerful rally, but if we get two very =
strong days=20
  back to back, how should we react?</FONT></DIV>
  <DIV><FONT face=3DArial color=3D#0000ff></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial =
color=3D#0000ff>Jon</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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