Re: [CANSLIM] FTD Question

From: Spencer48@aol.com
Subject: Re: [CANSLIM] FTD Question
Date: Thu, 27 Jun 2002 16:11:04 EDT

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Jon:

     I believe WON takes into account the shorts who are covering.  That's 
why he suggests that investors wait 4-7 after the market turns, to see if the 
bull is for real-or if the rally is due mainly to short covering.  

     (See PP 55-56 in HTMMIS for his specific suggestons, and PP76-81 in the 
2nd edition).

jans


In a message dated 6/27/2002 9:29:50 AM Eastern Daylight Time, 
jlobatto@nyc.rr.com writes:

<< 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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