Re: [CANSLIM] "M"

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] "M"
Date: Fri, 14 Mar 2003 10:25:44 -0500
Next Article (by Date): RE: [CANSLIM] "M" "Tim Katona"
Previous Article (by Date): Re: [CANSLIM] "M" "Rolf Hertenstein"
Next in Thread: RE: [CANSLIM] "M" "Tim Katona"
Articles sorted by: [Date] [Author] [Subject]
I think so, but welcome other opinions on this.

- ----- Original Message -----
From: "Rolf Hertenstein" <rolfh@mindspring.com>
To: <canslim@lists.xmission.com>
Sent: Friday, March 14, 2003 10:20 AM
Subject: Re: [CANSLIM] "M"


Thanks, Tom.  For my edification, do you think your count is in accordance
with WON?

 Rolf

> I start my count with yesterday, because of the combination of price gain
> and volume. On Wednesday, volume improved, but only sufficient to turn a
> down day into a moderate loss. Historically, maybe Wednesday will prove to
> be a reversal day that marked a second bottom. But by itself I don't use
it
> as a starting point for counting. Thursday, on the other hand, can stand
on
> its own merits.
>
> It also does not hurt that every major index participated Thursday, while
> only most were benefiting on Wednesday
>
> ----- Original Message -----
> From: "Rolf Hertenstein" <rolfh@mindspring.com>
> To: <canslim@lists.xmission.com>
> Sent: Friday, March 14, 2003 8:35 AM
> Subject: Re: [CANSLIM] "M"
>
>
> 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
> > <<
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
> >
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.



- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.
Go to Jeff Salisbury LWGate Home Page.