RE: [CANSLIM] market correction bottom?

From: "Fred Richards" <ffradrich@comcast.net>
Subject: RE: [CANSLIM] market correction bottom?
Date: Wed, 13 Aug 2003 17:06:15 -0500

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All three indices posted a distribution day today.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Wednesday, August 13, 2003 3:29 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] market correction bottom?

Hi Rolf,

Take a look at the NASDAQ chart for notes on the potential FTD:

http://www.breakoutwatch.com/katherine/FTD081303.JPG

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 1:41 PM
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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