Go to Jeff Salisbury LWGate Home Page.From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] Fourth Distribution Day -- potentially in the last 16 sessions
Date: Mon, 23 Jun 2003 15:02:00 -0500
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Rolf, neat! Looks like a spreadsheet is in order.
Thanks for the idea,
Gene
----- Original Message -----=20
From: Rolf Hertenstein=20
To: canslim@lists.xmission.com=20
Sent: Monday, June 23, 2003 12:55 PM
Subject: Re: [CANSLIM] Fourth Distribution Day -- potentially in the =
last 16 sessions
I can up with my own system to help me track accumulation and =
distribution
days, and especially to avoid IBD's masking of distribution days that =
were
not "unequivocal". On days with higher volume, an index gets a D- if =
it was
down less than 1%, a D if down 1-2%, and a D+ if down > 2%. Same idea =
for
accumulation days: on higher volume days it's an A- if up <1%, A if up =
1-2%,
and A+ if up > 2%.
Using this system, here's the number of acumulation and distribution =
days
for the last 3 weeks (15 trading days ended June 20):
DOW SP500 NASD
A- 3 4 1
A 2 2 2
A+ 1 1 2
D- 0 1 1
D 1 1 2
D+ 0 0 0
I wasn't sure what to do with the DOW on 17 June. Volume was up, but =
the
DOW wasn't even down 0.1%, so it's not included in the tally. I don't =
have
a D+ on the DOW or SP500 for the past few months. Last D+ day on the =
NASD
was 31 March. A's still have it in the past few weeks, who knows =
about the
next few.
I wouldn't call you paranoid in any case; healthy skepticism is good =
IMHO.
Rolf
----- Original Message -----
From: "Pritish Shah" <pshah@lason.com>
I guess people are thinking why the heck am I so paranoid. This =
probably is
the third distribution day in the last two to three weeks on Nasdaq.
I am trying to guage whether other people are seeing the same things =
as I
am.
IBD said in its Big Picture that one of the D-Days did not have enough
selling preassure. However, the volume was higher than the previous =
day by
just a tad and was also above the average volume.
Plus, I noticed on Friday that 60%+ of all the advisors were bullish =
on the
market (contrarian indicator). A lot of the leaders are reversing =
their
gains. I had to sell few stocks in the last couple days. Some violated =
the
8% (Eg. AZN) rule and some were going to turn into a loss (Eg. CELG).
I have also noticed that microcaps have been more stable. (TCHC, WFSI =
and
others)
Regards,
Pritish
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<DIV><FONT face=3D"Comic Sans MS">Rolf, neat! Looks like a spreadsheet =
is in=20
order.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Thanks for the idea,</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Drolfh@mindspring.com =
href=3D"mailto:rolfh@mindspring.com">Rolf=20
Hertenstein</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, June 23, 2003 =
12:55=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Fourth=20
Distribution Day -- potentially in the last 16 sessions</DIV>
<DIV><BR></DIV>I can up with my own system to help me track =
accumulation and=20
distribution<BR>days, and especially to avoid IBD's masking of =
distribution=20
days that were<BR>not "unequivocal". On days with higher volume, =
an=20
index gets a D- if it was<BR>down less than 1%, a D if down 1-2%, and =
a D+ if=20
down > 2%. Same idea for<BR>accumulation days: on higher =
volume days=20
it's an A- if up <1%, A if up 1-2%,<BR>and A+ if up > =
2%.<BR><BR>Using=20
this system, here's the number of acumulation and distribution =
days<BR>for the=20
last 3 weeks (15 trading days ended June=20
20):<BR> =20
=
DOW &nbs=
p;=20
SP500 =20
NASD<BR>A- =20
=
3 =
=20
=
4 =
=20
1<BR>A =20
=
2 =
=20
=
2 =
=20
2<BR>A+ =20
=
1 =
=20
=
1 =
=20
2<BR><BR>D- =20
=
0 =
=20
=
1 =
=20
1<BR>D =20
=
1 =
=20
=
1 =
=20
2<BR>D+ =20
=
0 =
=20
=
0 =
=20
0<BR><BR>I wasn't sure what to do with the DOW on 17 June. =
Volume was=20
up, but the<BR>DOW wasn't even down 0.1%, so it's not included in the=20
tally. I don't have<BR>a D+ on the DOW or SP500 for the past few =
months. Last D+ day on the NASD<BR>was 31 March. A's still =
have it=20
in the past few weeks, who knows about the<BR>next few.<BR><BR>I =
wouldn't call=20
you paranoid in any case; healthy skepticism is good=20
IMHO.<BR><BR> Rolf<BR><BR><BR>----- Original Message =
- -----<BR>From:=20
"Pritish Shah" <<A=20
href=3D"mailto:pshah@lason.com">pshah@lason.com</A>><BR><BR>I guess =
people=20
are thinking why the heck am I so paranoid. This probably is<BR>the =
third=20
distribution day in the last two to three weeks on Nasdaq.<BR><BR>I am =
trying=20
to guage whether other people are seeing the same things as=20
I<BR>am.<BR><BR>IBD said in its Big Picture that one of the D-Days did =
not=20
have enough<BR>selling preassure. However, the volume was higher than =
the=20
previous day by<BR>just a tad and was also above the average=20
volume.<BR><BR>Plus, I noticed on Friday that 60%+ of all the advisors =
were=20
bullish on the<BR>market (contrarian indicator). A lot of the =
leaders=20
are reversing their<BR>gains. I had to sell few stocks in the last =
couple=20
days. Some violated the<BR>8% (Eg. AZN) rule and some were going to =
turn into=20
a loss (Eg. CELG).<BR><BR>I have also noticed that microcaps have been =
more=20
stable. (TCHC, WFSI=20
and<BR>others)<BR><BR>Regards,<BR>Pritish<BR><BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your email.<BR><BR><BR>-<BR>-To =
subscribe/unsubscribe, email=20
"<A =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". =20
Do not use quotes in your email.</BLOCKQUOTE></BODY></HTML>
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Next Article (by Author): Re: [CANSLIM] O.T: Sounds like inflation ahead to me! "Jeff Mulder"
Previous Article (by Author): Re: [CANSLIM] When to Sell "Gene Ricci"
Top of Thread: Re: [CANSLIM] Fourth Distribution Day -- potentially in the last 16 sessions Fanus
Next in Thread: Re: [CANSLIM] Fourth Distribution Day -- potentially in the last 16 sessions "Pritish Shah"
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