Re: [CANSLIM] Follow Through Day

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Follow Through Day
Date: Sat, 27 Jul 2002 13:38:45 -0600

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There are very few stocks that are really setup as buys at this point anyway.  My 
bare bones scan for growth stocks that I run on weekends turned up 7 stocks today 
(CTSH and FCN are 2 of them), last spring about 70 stocks were popping up.  It 
uses 4 conditions, I think the condition that is kicking out almost every stock is the 
one that the close must be greater than the 50 day moving average.  So even after 
a follow through day, there will be slim pickings for a while.

On 27 Jul 2002 at 8:24, Tom Worley wrote:

> technically, yes, but until there is conviction that the bear market has reversed, or at least gives room for a substantial rally, then any follow thru will be suspect
> 
> ----- Original Message ----- 
> From: Dan Forant 
> To: canslim@lists.xmission.com 
> Sent: Saturday, July 27, 2002 8:19 AM
> Subject: [CANSLIM] Follow Through Day
> 
> 
> Per 2nd edition HTMMIS we're waiting on a follow through day now from the break out 7/24, confirmation would be 1-2%, days 4-10, with increase in volume from day before?
> 
> DanF
> 

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