[CANSLIM] market correction bottom?

From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: [CANSLIM] market correction bottom?
Date: Wed, 13 Aug 2003 12:40:34 -0600

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Yesterdy's Big Picture (IBD) mentioned Thursday as the first day to look for
a FTD, which would be a positive signal for the end of our correction. OK,
fine, but I couldn't figure out why Thursday.

On my count, the DOW (intraday low 8997) and SP500 (intraday low 961)started
up August 6 and they haven't violated those intraday lows, so this is
already Day 5 for those indices.  The NASD started up Monday August 11
(intraday low 1647) so Thursday would only be Day 3 (less than the
recommended Day 4-7).

I'm just curious if I'm counting correctly, and/or if I am more confused or
they are (ah yes, leaving myself wide open, but resist the temptation).

 Rolf


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