Go to Jeff Salisbury LWGate Home Page.From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] market correction bottom?
Date: Wed, 13 Aug 2003 12:56:52 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0238_01C3619A.5DD369E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable RE: [CANSLIM] market correction bottom?FTD =3D Follow Through Day =3D at = least one major index up 2% or more on volume higher than the previous = day, 4-7 days (sometimes 10) after the start of an attempted rally. WON says all rallies start with a FTD but not all FTDs lead to a new = rally. So a FTD day soon might mark the end of this correction (the = word 'might' is important). FTDs did seem to nicely mark the beginning of recent runs in Oct 02 and = Mar 03. Rolf ----- Original Message -----=20 From: Margate, Allan=20 To: 'canslim@lists.xmission.com'=20 Sent: Wednesday, August 13, 2003 12:49 PM Subject: RE: [CANSLIM] market correction bottom? What does FTD stand for? and how is it a positive signal for the end = of the correction?=20 -----Original Message-----=20 From: Rolf Hertenstein [mailto:rolfh@mindspring.com]=20 Sent: Wednesday, August 13, 2003 11:41 AM=20 To: canslim@lists.xmission.com=20 Subject: [CANSLIM] market correction bottom?=20 Yesterdy's Big Picture (IBD) mentioned Thursday as the first day to = look for=20 a FTD, which would be a positive signal for the end of our correction. = OK,=20 fine, but I couldn't figure out why Thursday.=20 On my count, the DOW (intraday low 8997) and SP500 (intraday low = 961)started=20 up August 6 and they haven't violated those intraday lows, so this is=20 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=20 recommended Day 4-7).=20 I'm just curious if I'm counting correctly, and/or if I am more = confused or=20 they are (ah yes, leaving myself wide open, but resist the = temptation).=20 Rolf=20 -=20 -To subscribe/unsubscribe, email "majordomo@xmission.com"=20 -In the email body, write "subscribe canslim" or=20 -"unsubscribe canslim". Do not use quotes in your email.=20 - ------=_NextPart_000_0238_01C3619A.5DD369E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD><TITLE>RE: [CANSLIM] market correction bottom?</TITLE> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4134.600" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#fffcf0> <DIV><FONT face=3DArial size=3D2>FTD =3D Follow Through Day =3D at least = one=20 major index up 2% or more on volume higher than the previous day, = 4-7 days=20 (sometimes 10) after the start of an attempted rally.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>WON says all rallies start with a FTD = but not all=20 FTDs lead to a new rally. So a FTD day soon might mark the end of = this=20 correction (the word 'might' is important).</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>FTDs did seem to nicely mark the = beginning=20 of recent runs in Oct 02 and Mar 03.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2> Rolf</FONT></DIV> <BLOCKQUOTE dir=3Dltr=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=3DAllan.Margate@Mattel.com=20 href=3D"mailto:Allan.Margate@Mattel.com">Margate, Allan</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>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 13, = 2003 12:49=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] market = correction=20 bottom?</DIV> <DIV><BR></DIV> <P><FONT size=3D2>What does FTD stand for? and how is it a positive = signal for=20 the end of the correction?</FONT> </P><BR> <P><FONT size=3D2>-----Original Message-----</FONT> <BR><FONT = size=3D2>From: Rolf=20 Hertenstein [<A=20 = href=3D"mailto:rolfh@mindspring.com">mailto:rolfh@mindspring.com</A>]</FO= NT>=20 <BR><FONT size=3D2>Sent: Wednesday, August 13, 2003 11:41 AM</FONT> = <BR><FONT=20 size=3D2>To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </FONT>=20 <BR><FONT size=3D2>Subject: [CANSLIM] market correction bottom?</FONT> = </P><BR> <P><FONT size=3D2>Yesterdy's Big Picture (IBD) mentioned Thursday as = the first=20 day to look for</FONT> <BR><FONT size=3D2>a FTD, which would be a = positive=20 signal for the end of our correction. OK,</FONT> <BR><FONT = size=3D2>fine, but I=20 couldn't figure out why Thursday.</FONT> </P> <P><FONT size=3D2>On my count, the DOW (intraday low 8997) and SP500 = (intraday=20 low 961)started</FONT> <BR><FONT size=3D2>up August 6 and they haven't = violated=20 those intraday lows, so this is</FONT> <BR><FONT size=3D2>already Day = 5 for=20 those indices. The NASD started up Monday August 11</FONT> = <BR><FONT=20 size=3D2>(intraday low 1647) so Thursday would only be Day 3 (less = than=20 the</FONT> <BR><FONT size=3D2>recommended Day 4-7).</FONT> </P> <P><FONT size=3D2>I'm just curious if I'm counting correctly, and/or = if I am=20 more confused or</FONT> <BR><FONT size=3D2>they are (ah yes, leaving = myself wide=20 open, but resist the temptation).</FONT> </P> <P><FONT size=3D2> Rolf</FONT> </P><BR> <P><FONT size=3D2>-</FONT> <BR><FONT size=3D2>-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"</FONT> <BR><FONT size=3D2>-In the email body, = write=20 "subscribe canslim" or</FONT> <BR><FONT size=3D2>-"unsubscribe = canslim". =20 Do not use quotes in your email.</FONT> = </P></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0238_01C3619A.5DD369E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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