Go to Jeff Salisbury LWGate Home Page.From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] FTD - anyone counting?
Date: Tue, 10 Sep 2002 21:41:12 -0600
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Hmmm...... I guess I would have labeled a 2% rise in one of the
averages on increased volume (but below 50 ADV) as a 'weak' FTD=20
but a FTD nonetheless. Guess I need to think about levels of FTDs.
Rolf
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, September 10, 2002 9:13 PM
Subject: Re: [CANSLIM] FTD - anyone counting?
Rolf, unlike my normal aggressive style of staying fully invested, =
even on margin, in all markets, I am sitting on about 80% cash for =
several weeks now in my margin acct, less in other accts. Part of that =
is my personal lack of time to focus on my investing methods, but part =
of that is a lack of belief that we can tell anything at all about the =
markets right now due volume. I think I am not alone, maybe for once =
even in the majority (shudder, perish the thought!!) in sitting on the =
sidelines until after 9/11.
When volume is as light as it has been, I pretty much disregard price =
trends. When volume gets back to ADV or better, then I will start paying =
more attention.
----- Original Message -----=20
From: rolf hertenstein=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, September 10, 2002 11:05 PM
Subject: [CANSLIM] FTD - anyone counting?
I went back to 24 Lessons, pg. 78. According to that example, we =
should
have begun counting Friday. Since neither the NASD, DOW, or S&P have
dropped interdaily below Friday's low, tomorrow makes the fourth day =
and
we should be looking for a FTD (2% on DOW, NASD, S&P with volume
greater than the previous day [and hopefully above the 50 DMA]) =
tomorrow,
or Thursday through next Monday.
Aside from the obvious, that tomorrow marks an awful anniversay for =
us,=20
does the counting make sense?
Rolf
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<DIV><FONT face=3DArial size=3D2>Hmmm...... I guess I would have =
labeled a 2%=20
rise in one of the</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>averages on increased volume (but below =
50 ADV) as=20
a 'weak' FTD </FONT></DIV>
<DIV><FONT face=3DArial size=3D2>but a FTD nonetheless. Guess I =
need to think=20
about levels of FTDs.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Rolf</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, September 10, =
2002 9:13=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] FTD - =
anyone=20
counting?</DIV>
<DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial =
size=3D2></FONT><FONT=20
face=3DArial size=3D2></FONT><FONT face=3DArial size=3D2></FONT><FONT =
face=3DArial=20
size=3D2></FONT><FONT face=3DArial size=3D2></FONT><BR></DIV>
<DIV><FONT face=3DArial>Rolf, unlike my normal aggressive style of =
staying fully=20
invested, even on margin, in all markets, I am sitting on about 80% =
cash for=20
several weeks now in my margin acct, less in other accts. Part of that =
is my=20
personal lack of time to focus on my investing methods, but part of =
that is a=20
lack of belief that we can tell anything at all about the markets =
right now=20
due volume. I think I am not alone, maybe for once even in the =
majority=20
(shudder, perish the thought!!) in sitting on the sidelines until =
after=20
9/11.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>When volume is as light as it has been, I =
pretty much=20
disregard price trends. When volume gets back to ADV or better, then I =
will=20
start paying more attention.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Drolfh@mindspring.com href=3D"mailto:rolfh@mindspring.com">rolf =
hertenstein</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Tuesday, September 10, 2002 11:05 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] FTD - anyone counting?</DIV></DIV>
<DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial =
size=3D2></FONT><FONT=20
face=3DArial size=3D2></FONT><FONT face=3DArial size=3D2></FONT><FONT =
face=3DArial=20
size=3D2></FONT><FONT face=3DArial size=3D2></FONT><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I went back to 24 Lessons, pg. =
78. =20
According to that example, we should</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>have begun counting Friday. =
Since neither=20
the NASD, DOW, or S&P have</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>dropped interdaily below Friday's =
low, tomorrow=20
makes the fourth day and</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>we should be looking for a FTD (2% on =
DOW, NASD,=20
S&P with volume</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>greater than the previous day [and =
hopefully=20
above the 50 DMA]) tomorrow,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>or Thursday through next =
Monday.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Aside from the obvious, that tomorrow =
marks an=20
awful anniversay for us, </FONT></DIV>
<DIV><FONT face=3DArial size=3D2>does the counting make =
sense?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial =
size=3D2> Rolf</FONT></DIV></BLOCKQUOTE></BODY></HTML>
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Next Article (by Date): Re: [CANSLIM] EPS $ Sales RWElmer@aol.com
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