[CANSLIM] FTD - anyone counting?

From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: [CANSLIM] FTD - anyone counting?
Date: Tue, 10 Sep 2002 21:05:33 -0600

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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>I went back to 24 Lessons, pg. =
78.&nbsp; According=20
to that example, we should</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>have begun counting Friday.&nbsp; Since =
neither the=20
NASD, DOW, or S&amp;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&amp;P with volume</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>greater than the previous day [and =
hopefully above=20
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>&nbsp;</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>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;Rolf</FONT></DIV></BODY></HTML>

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