Go to Jeff Salisbury LWGate Home Page.From: Ian <ianstm@shaw.ca>
Subject: [CANSLIM] FTD's and M ...
Date: Mon, 29 Jul 2002 08:10:55 -0700
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Morning all:
Since last Wednesdays low - just 3 days of trading, the markets have had an amazing run:
The DOW is up a whopping 14.5 % (from 7489 to 8573)
The S&P is up 13.8% (from 776 to 883)
The NAZ is up 9.5% (from 1192 to 1305)
These are mind-boggling returns BEFORE the chance for a traditional follow-through-day (4-10 days after the bottom).
Does anyone know the history of these things? Is it possible to get a bottom confirmation rally after already advancing almost 15% from the bottom? Or is this just another fast and furious, take what you can get, bear market short squeeze? Opinions?
Thank you,
Ian
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<DIV><FONT size=2>Morning all:</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Since last Wednesdays low - just 3 days of trading, the
markets have had an amazing run:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The DOW is up a whopping 14.5 % (from 7489 to
8573)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The S&P is up 13.8% (from 776 to 883)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The NAZ is up 9.5% (from 1192 to 1305)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>These are mind-boggling returns BEFORE the chance for a
traditional follow-through-day (4-10 days after the bottom).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Does anyone know the history of these things? Is it possible
to get a bottom confirmation rally after already advancing almost 15% from the
bottom? Or is this just another fast and furious, take what you can get, bear
market short squeeze? Opinions?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Thank you,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Ian</FONT></DIV>
<DIV> </DIV>
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