RE: [CANSLIM] market bottom

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] market bottom
Date: Mon, 28 Apr 2003 08:12:11 -0500
Next Article (by Author): RE: [CANSLIM] market bottom "Katherine Malm"
Previous Article (by Author): Re: [CANSLIM] "M" - the trend Ian
Next in Thread: RE: [CANSLIM] market bottom Roger Tawa
Articles sorted by: [Date] [Author] [Subject]
This is a multi-part message in MIME format.

- ------=_NextPart_000_000E_01C30D5D.DEDE8330
Content-Type: text/plain;
	charset="iso-8859-1"
Content-Transfer-Encoding: 7bit

Hi Roger,

The beginning of an "attempted" rally is simply a close up from the prior
day. Volume isn't a concern, because all you are looking for in a day like
this is the ability of the index to close on an "up note" after a string of
down days. Once that attempted rally starts, you are *then* in the 3rd
through 10th day following that first attempted "up" day, you are  looking
for an up day on 1-2% more volume than prior day (the FTD) . That "confirms"
that the first day of the attempted rally (regardless of the volume) wasn't
a fluke, but the beginning of a new underlying trend/direction for the
index.

See also http://www.market-tester.com/newft.htm for Bill Lee's explanation
of the attempted rally/follow through day.

Katherine

>  -----Original Message-----
> From: 	owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] 
> Sent:	Sunday, April 27, 2003 8:35 PM
> To:	CANSLIM
> Subject:	[CANSLIM] market bottom
> 
> Hi all,
> 
> I'm studying lesson 14 in WON's 24 essential lessons, and I have a
> question about the first day of any attempted rally.
> 
> On page 78, WON says that oct 8th represents the start of a new rally.
> However, this day's volume is down quite a bit from the previous day.
> Does this mean that a rally can start when an index is up 1% or more,
> regardless of volume?  Is it only a follow through day that needs to be up
> 1% or more *and* have increased volume?  Thanks.
> 
> =================================================
> Roger Tawa
> http://tawacentral.net/
> [One thing about paradigms: shift happens.]
> [When you stop, you're done.]
> 

- ------=_NextPart_000_000E_01C30D5D.DEDE8330
Content-Type: application/ms-tnef;
	name="winmail.dat"
Content-Transfer-Encoding: base64
Content-Disposition: attachment;
	filename="winmail.dat"
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- ------=_NextPart_000_000E_01C30D5D.DEDE8330--



- -
- -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.