[CANSLIM] Follow Thru Day

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Follow Thru Day
Date: Fri, 18 Oct 2002 08:46:44 -0400

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Haven't seen anyone commenting yet on this, so will jump in.

For me, 10/10 is counted as the trend reversal day, and yesterday, 10/17, as
the FTD as both volume and price appear to meet the criteria, and also fall
into the 4-7 day window (I think someone mentioned IBD thinks last Tuesday
was the FTD but that seems too early for me). I see strength in that all
major indexes, and many minor ones, all reversed the short term trend on the
same day, as well as followed thru the same day.

For those observing the double bottom ("W") pattern on the indexes, and
waiting for the center point of the W to be surpassed, they obviously still
have a way to go before entering the market.

Any other thoughts?

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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