Re: [CANSLIM] "M"

From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] "M"
Date: Fri, 14 Mar 2003 06:35:40 -0700

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Does anyone count yesterday other than day 2, and if so, what and why?

 Rolf

> strictly market days, Mike
>
> ----- Original Message -----
> From: "Mike" <PatternDT@SoftHome.net>
> To: <canslim@lists.xmission.com>
> Sent: Friday, March 14, 2003 12:41 AM
> Subject: Re: [CANSLIM] "M"
>
>
> Certainly was a fine rally, the shorts are writhing in fear.  I wouldn't
be
> disappointed to see a retest soon, how that goes will be more telling.
>
> How are you counting the 4-7 days, market days or including weekends?
> Thanks,
> Mike
>
>
>  >>
> OK, we got a good rally today, whether it was just a relief rally, or
short
> covering, or maybe even a real rally, with real sidelined cash flowing
back
> in.
>
> Mutual funds only have two weeks to invest any cash in excess of their
> limits, and may have contributed. A delay in a vote at the UN is being
> credited, so just may be news driven, here today, gone tomorrow.
>
> Nonetheless, we certainly got a 2+% gain on every index, and on volume
well
> exceeding daily average. And that comes in a period when daily volume has
> been typically well under average.
>
> So, is anybody starting to count the days, looking for the follow thru day
> 4-7 days out? Coincidentally, that period might also fall just after war
> with Iraq is unilaterally initiated by the USA, which would cause at least
> some minor relief rally.
>
> Does anyone trust today's gains? With so much news, can we trust
technicals?
>
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
> <<
>
>
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