Re: [CANSLIM] NAZ: Third distribution day in a week?

From: "MARC FOURNIER" <marcf@erols.com>
Subject: Re: [CANSLIM] NAZ: Third distribution day in a week?
Date: Tue, 29 Oct 2002 09:29:28 -0200
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1 distribution day can kill a rally attempt from the bottom. However 3 - 5=
  dist days 1 to 2 weeks can kill an ongoing rally.

DEFENSE is the name of the game!  
*********** REPLY SEPARATOR ***********

On 10/28/2002 at 8:47 PM Aaron Kemp wrote:
WON says one distribution day is usually enough to kill a new rally, I=
 believe we will be heading back to at least re-test the lows.
- ----- Original Message ----- 
From: Ian 
To: canslim@lists.xmission.com 
Sent: Monday, October 28, 2002 9:46 AM
Subject: [CANSLIM] NAZ: Third distribution day in a week?


Hi all:

If the NAZ closes red today, it's going to be the third distribution day=
 since last Tuesday. That's a lot of selling in a short time, but hasn't=
 really had any negative effect on the level yet. What are people making of=
 this?

Thanks,

Ian


Marc Fournier
Marcf@erols.com


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<DIV>1 distribution day can kill a rally attempt from the bottom. However 3 - 
5&nbsp; dist days 1 to 2 weeks can kill an ongoing rally.</DIV>
<DIV>&nbsp;</DIV>
<DIV>DEFENSE is the name of the game! &nbsp;<BR><FONT face=Arial 
size=2>*********** REPLY SEPARATOR ***********<BR><BR>On 10/28/2002 at 8:47 PM 
Aaron Kemp wrote:</FONT></DIV>
<BLOCKQUOTE 
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid">
  <DIV><FONT face=Arial size=2>WON says one distribution day is usually enough 
  to kill a new rally, I believe we will be heading back to at least re-test the 
  lows.</FONT></DIV>
  <BLOCKQUOTE dir=ltr 
  style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
    <A title=ianstm@shaw.ca href="mailto:ianstm@shaw.ca">Ian</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com 
    href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> 
    </DIV>
    <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, October 28, 2002 9:46 
    AM</DIV>
    <DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] NAZ: Third 
    distribution day in a week?</DIV>
    <DIV><BR></DIV>
    <DIV><FONT size=2>Hi all:</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</DIV>
    <DIV><FONT size=2>If the NAZ closes red today, it's going to be the third 
    distribution day since last Tuesday. That's a lot of selling in a short 
    time, but hasn't really had any negative effect on the level yet. What are 
    people making of this?</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT size=2>Thanks,</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT size=2>Ian</FONT></DIV></BLOCKQUOTE><FONT size=2 
Arial></BLOCKQUOTE></FONT></BODY></HTML>

<BR>
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<DIV><FONT face="Script MT Bold" size=5></FONT>&nbsp;</DIV>
<DIV><FONT face="Script MT Bold" size=5></FONT>&nbsp;</DIV>
<DIV><FONT face="Script MT Bold" size=5>Marc Fournier</FONT></DIV>
<DIV><A href="mailto:Marcf@erols.com"><EM><FONT 
size=2>Marcf@erols.com</FONT></EM></A></DIV>
<DIV>
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