RE: [CANSLIM] market correction bottom?

From: "Margate, Allan" <Allan.Margate@Mattel.com>
Subject: RE: [CANSLIM] market correction bottom?
Date: Wed, 13 Aug 2003 11:49:15 -0700

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What does FTD stand for? and how is it a positive signal for the end of the
correction?


- -----Original Message-----
From: Rolf Hertenstein [mailto:rolfh@mindspring.com]
Sent: Wednesday, August 13, 2003 11:41 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] market correction bottom?


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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<P><FONT SIZE=2>What does FTD stand for? and how is it a positive signal for the end of the correction?</FONT>
</P>
<BR>

<P><FONT SIZE=2>-----Original Message-----</FONT>
<BR><FONT SIZE=2>From: Rolf Hertenstein [<A HREF="mailto:rolfh@mindspring.com">mailto:rolfh@mindspring.com</A>]</FONT>
<BR><FONT SIZE=2>Sent: Wednesday, August 13, 2003 11:41 AM</FONT>
<BR><FONT SIZE=2>To: canslim@lists.xmission.com</FONT>
<BR><FONT SIZE=2>Subject: [CANSLIM] market correction bottom?</FONT>
</P>
<BR>

<P><FONT SIZE=2>Yesterdy's Big Picture (IBD) mentioned Thursday as the first day to look for</FONT>
<BR><FONT SIZE=2>a FTD, which would be a positive signal for the end of our correction. OK,</FONT>
<BR><FONT SIZE=2>fine, but I couldn't figure out why Thursday.</FONT>
</P>

<P><FONT SIZE=2>On my count, the DOW (intraday low 8997) and SP500 (intraday low 961)started</FONT>
<BR><FONT SIZE=2>up August 6 and they haven't violated those intraday lows, so this is</FONT>
<BR><FONT SIZE=2>already Day 5 for those indices.&nbsp; The NASD started up Monday August 11</FONT>
<BR><FONT SIZE=2>(intraday low 1647) so Thursday would only be Day 3 (less than the</FONT>
<BR><FONT SIZE=2>recommended Day 4-7).</FONT>
</P>

<P><FONT SIZE=2>I'm just curious if I'm counting correctly, and/or if I am more confused or</FONT>
<BR><FONT SIZE=2>they are (ah yes, leaving myself wide open, but resist the temptation).</FONT>
</P>

<P><FONT SIZE=2>&nbsp;Rolf</FONT>
</P>
<BR>

<P><FONT SIZE=2>-</FONT>
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