Re: [CANSLIM] FTD's and M ...

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] FTD's and M ...
Date: Tue, 30 Jul 2002 10:27:37 -0700

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Great article. Explains in words what Katherine posted yesterday showing the
post '29 chart fluctuations.
"From 1923 to 1929, the Dow gained about 445 percent. Sure, there were at
least six rallies of 20 percent or more in the early 1930s. In 1929, barely
a month after the great crash of October, the Dow began an almost 50 percent
climb that spanned five months of that year. Other rallies came in 1930 and
1931, when the Dow leaped 35 percent."

The question then becomes do we as canslimers act on these short bear
rallys. I guess a 5 month rally is a rally. It's just that each one will
have the general M over our heads and may have very a narrow focus of
sectors. I do remember IBD pointing out "rallys" last year. I just hope it
doesn't continue to be banks and financial institutions. I have a hard time
with them.

- -Bill

- ----- Original Message -----
From: "Patrick Wahl" <pjwahl@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, July 30, 2002 9:08 AM
Subject: Re: [CANSLIM] FTD's and M ...

> Calandra has a skeptical look at the latest rally.  I tend to think this
is a little too
> easy, seems like we need a little more pain before we are at a bottom, I
think we
> were pretty oversold and due for some sort of rally, although I didn't
expect it to be
> this strong.  At the least, I would think the market needs to base in some
fashion
> (you did say opinions, that's all that is).
>
> (I wish these CBS Markewatch links weren't so ridiculously long)
>
> http://makeashorterlink.com/?W2EA22361
>
>
> On 29 Jul 2002 at 8:10, Ian wrote:
>
> > 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?
>
>
>
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