[CANSLIM] down vs. up volume


From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: [CANSLIM] down vs. up volume
Date: Sat, 7 Sep 2002 12:05:45 -0600

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A couple of months ago I heard somebody somewhere
(sorry for the lack of specifics - can't remember) mention
that previous 'big' bears had several days with down volume
on the NYSE trumping up volume by an order of magnitude.
Thus far, we'd had none, and that somebody took it as a
sign that we had not had 'final' capitulation.

I noted last Tuesday's dump had down/up volume > 10; the first
such day I'd seen.  I conclude nothing from this - just found 
it as a noteworthy data point.

 Rolf


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