RE: [CANSLIM] Distribution Day

From: Roger Tawa <roger@tawacentral.net>
Subject: RE: [CANSLIM] Distribution Day
Date: Sun, 08 Jun 2003 11:49:46 -0400

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Hi all,

I have been counting d-days in the last little while, and I wonder if
Friday's d-day is any more important than the rest.  Strictly speaking, from
my calculations, we have had the following d-days since the end of April
(about the last 6 weeks):

DJI
2003-05-29
2003-05-20
2003-05-13

SPX
2003-06-06
2003-05-29
2003-05-20
2003-05-13

COMPQ
2003-06-06
2003-06-02
2003-05-20
2003-05-13

over the same period of time, we have had the following "follow through"
days, again very strictly speaking and following WONs definition:

DJI
2003-06-04
2003-05-30
2003-05-27
2003-05-02

SPX
2003-06-04
2003-05-30
2003-05-27
2003-05-02

COMPQ
2003-06-04
2003-05-30
2003-05-15
3002-05-12
2003-05-06
2003-05-02

my question is the following: although FTD are used to look for market
bottoms, and although I believe most would agree we are not in a market
bottom at this point, do any of these FTDs "cancel out" any of the d-days?

=================================================
Roger Tawa
http://tawacentral.net/
[One thing about paradigms: shift happens.]
[When you stop, you're done.]

 -----Original Message-----
From: 	owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]  On Behalf Of Tomas
Sent:	Saturday, June 07, 2003 5:54 PM
To:	canslim canslim
Subject:	Re: [CANSLIM] Distribution Day

Ed,

I noticed that you always say "we".  It sounds like
you are involved with some kind of group investments.
I went to www.macktrackes.com and really did not get
too much information.  If you do not mind, can you
tell me a little about the "we"?

I am new.

Regards,
tomas

- --- "Edward W. Gjertsen II" <ed@macktracks.com> wrote:
> We briefly touched 20%+ return for the year early
> this morning.  Given
> today's action, it may be awhile before we see that
> number again.  While
> the weekly charts will look like an accumulation
> week, today's action
> was very poor.  Our view is as Microsoft goes, so
> goes the market.
> Because Microsoft is such a major element in all
> market indices (DJIA,
> SPX, NASDAQ), its performance has a profound effect.
>  It just completed
> what we think is a reverse cup-and-handle - pretty
> bearish pattern.  It
> rallied to its 50DMA this morning then collapsed.
>
> We were up 2.5% earlier in the day and wound up
> losing 0.18%.  We joked
> in the morning to "liquidate" the portfolio and walk
> with the gain, I
> hate humor.  Be very guarded over the next couple of
> days.  Do not let
> the market take you out of strong positions.  Each
> of your positions
> should stand on their own.  We may see some bases
> forming in here which
> will present opportunities for purchasing 2nd or 3rd
> stage bases.
>
> I hope you all have a great weekend.  Over the next
> couple of days, say
> "Hi" to Tom in your own way.  He would have enjoyed
> this move.  I miss
> his humor, insights and VR Fund.
>
> Take care all.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>
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