Re: [CANSLIM] "M"

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] "M"
Date: Fri, 14 Mar 2003 08:54:00 -0800
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WON used to be quite unequivocal that Thursday was day 1. He seems to have
been waffling the last few years - adding a little 'hope' into the equation.
Tsk tsk :)

Ian


- ----- Original Message -----
From: Tim Katona <tkat17@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Friday, March 14, 2003 7:39 AM
Subject: RE: [CANSLIM] "M"


> I'm counting Wednesday as 1st day of attempted rally, Thursday as 2nd day,
> today as third day. Monday will be 4th day and first possible follow-thru
> day. I think Tom and I are saying the same thing.
> Tim
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
> Sent: Friday, March 14, 2003 7:33 AM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] "M"
>
>
> That's a true statement, it is the second day of an "attempted rally".
What
> I was referring to was counting the days from a rally for the purposes of
a
> FT (Follow Through) day. WON does not consider the 2nd or 3rd day in this.
>
> ----- Original Message -----
> From: "Tim Katona" <tkat17@earthlink.net>
> To: <canslim@lists.xmission.com>
> Sent: Friday, March 14, 2003 10:29 AM
> Subject: RE: [CANSLIM] "M"
>
>
> IBD today's Big Picture says yesterday was "Second day of attempted rally"
> Tim
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
> Sent: Friday, March 14, 2003 7:26 AM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] "M"
>
>
> 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
> > > <<
> > >
> > >
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