Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] market correction bottom?
Date: Wed, 13 Aug 2003 14:15:27 -0500
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RE: [CANSLIM] market correction bottom?Hi Alan,
See also our List FAQ where this and other abbreviations used frequently here on
the list are defined:
http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip Within the FAQ, you'll also see
a provided link for a more in depth description of the FTD.
See also www.investors.com where you can read about it from the source.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Rolf Hertenstein
Sent: Wednesday, August 13, 2003 1:57 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] market correction bottom?
FTD = Follow Through Day = 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 -----
From: Margate, Allan
To: 'canslim@lists.xmission.com'
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?
-----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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<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 6.00.2800.1170" name=3DGENERATOR>
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<BODY bgColor=3D#fffcf0>
<DIV><SPAN class=3D078421219-13082003>Hi Alan,</SPAN></DIV>
<DIV><SPAN class=3D078421219-13082003></SPAN> </DIV>
<DIV><SPAN class=3D078421219-13082003>See also our List FAQ where this =
and other=20
abbreviations used frequently here on the list are defined:</SPAN></DIV>
<DIV><SPAN class=3D078421219-13082003><FONT size=3D2>
<P><A href=3D"http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip"><FONT=20
size=3D3>http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip</FONT></A><FONT=
=20
size=3D3> <SPAN class=3D078421219-13082003><FONT size=3D3>Within =
the FAQ, you'll=20
also see a provided link for a more in depth description of the FTD.=20
</FONT></SPAN><SPAN class=3D078421219-13082003></SPAN></FONT></P>
<P><SPAN class=3D078421219-13082003><FONT size=3D3>See also <A=20
href=3D"http://www.investors.com">www.investors.com</A> where you can =
read about=20
it from the source.</FONT></SPAN></P>
<P><SPAN class=3D078421219-13082003><FONT=20
size=3D3>Katherine</FONT></SPAN></P></FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Rolf=20
Hertenstein<BR><B>Sent:</B> Wednesday, August 13, 2003 1:57 =
PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] market =
correction=20
bottom?<BR><BR></FONT></DIV>
<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=20
days (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 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:=20
Rolf 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>=20
</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=20
I 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=20
violated those intraday lows, so this is</FONT> <BR><FONT =
size=3D2>already Day=20
5 for those indices. The NASD started up Monday August =
11</FONT>=20
<BR><FONT size=3D2>(intraday low 1647) so Thursday would only be Day =
3 (less=20
than 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=20
wide 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>=20
</P></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Date): RE: [CANSLIM] Market indicators "Katherine Malm"
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