RE: [CANSLIM] market correction bottom?

From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3522 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, August 13 2003 Volume 02 : Number 3522 In this issue: RE: OT: [CANSLIM] DMC not DMX RE: [CANSLIM] elder and triple screens RE: [CANSLIM] market correction bottom? Re: [CANSLIM] market correction bottom? RE: [CANSLIM] market correction bottom? RE: [CANSLIM] Market indicators RE: [CANSLIM] market correction bottom? [CANSLIM] Value versus Growth Re: [CANSLIM] Value versus Growth Re: [CANSLIM] Market indicators ---------------------------------------------------------------------- Date: Wed, 13 Aug 2003 13:44:50 -0500 From: "Jeff Henderson" Subject: RE: OT: [CANSLIM] DMC not DMX This is a multi-part message in MIME format. - ------=_NextPart_000_000E_01C361A1.11396970 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Ok, Ok, I brought up the elder's 3 screen system yesterday, but I think it's fair to say that we can definitely drop this one. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of RWElmer@aol.com Sent: Wednesday, August 13, 2003 11:08 AM To: canslim@lists.xmission.com Subject: Re: OT: [CANSLIM] DMC not DMX Dudes, DMX and DMC both represent the rap world, just different generations of it. And now we can say hip hop is so pervasive that it's even infiltrated CANSLIM discussions. That Jes Grew is powerful stuff! Apologies to the Board for the quick OT. Robert W. Elmer - ------=_NextPart_000_000E_01C361A1.11396970 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

Ok, Ok, I = brought up the elder’s 3 screen system yesterday, but I think it’s fair to = say that we can definitely drop this one.

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of RWElmer@aol.com
Sent: Wednesday, August = 13, 2003 11:08 AM
To: = canslim@lists.xmission.com
Subject: Re: OT: = [CANSLIM] DMC not DMX

Dudes,

DMX and DMC both represent the rap world, just different generations of = it. And now we can say hip hop is so pervasive that it's even infiltrated = CANSLIM discussions. That Jes Grew is powerful stuff!

Apologies to the Board for the quick OT.

Robert W. = Elmer

- ------=_NextPart_000_000E_01C361A1.11396970-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 13 Aug 2003 14:44:57 -0400 From: "David Bojanowski" Subject: RE: [CANSLIM] elder and triple screens >From: "Katherine Malm" >Something like Elder triple screens is just too far off track. There are >thousands of lists devoted to more general aspects of trading, to other >investment styles, trading time frames, etc. The main idea is to just move >those >kinds of discussions to their approriate location. > >All we ask of our members is to stay on topic and be respectful of each >other >when posting. That reminds me...In 2001 someone created another mailing list called "TI-Canslim", for Technical Indicators. I subscribed but I remember that not too many people posted. I thought it was interesting but unfortunately the list was shut down within a year due to lack of activity. _________________________________________________________________ STOP MORE SPAM with the new MSN 8 and get 2 months FREE* http://join.msn.com/?page=features/junkmail - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 13 Aug 2003 11:49:15 -0700 From: "Margate, Allan" Subject: RE: [CANSLIM] market correction bottom? This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C361CB.98319EF0 Content-Type: text/plain; charset="iso-8859-1" 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 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - ------_=_NextPart_001_01C361CB.98319EF0 Content-Type: text/html; charset="iso-8859-1" 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

-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.

- ------_=_NextPart_001_01C361CB.98319EF0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 13 Aug 2003 12:56:52 -0600 From: "Rolf Hertenstein" Subject: Re: [CANSLIM] market correction bottom? 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 RE: [CANSLIM] market correction bottom?

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.

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).

FTDs did seem to nicely mark the = beginning=20 of recent runs in Oct 02 and Mar 03.

Rolf

----- Original Message -----
From:=20 Margate, Allan
To: 'canslim@lists.xmission.com'= =20

Sent: Wednesday, August 13, = 2003 12:49=20 PM

Subject: RE: [CANSLIM] market = correction=20 bottom?

What does FTD stand for? and how is it a positive = signal for=20 the end of the correction?

-----Original Message-----
From: Rolf=20 Hertenstein [mailto:rolfh@mindspring.com]=20
Sent: Wednesday, August 13, 2003 11:41 AM =
To: canslim@lists.xmission.com= =20
Subject: [CANSLIM] market correction bottom? =

Yesterdy's Big Picture (IBD) mentioned Thursday as = the first=20 day to look for
a FTD, which would be a = positive=20 signal for the end of our correction. OK,
fine, but I=20 couldn't figure out why Thursday.

On my count, the DOW (intraday low 8997) and SP500 = (intraday=20 low 961)started
up August 6 and they haven't = violated=20 those intraday lows, so this is
already Day = 5 for=20 those indices. The NASD started up Monday August 11 =
(intraday low 1647) so Thursday would only be Day 3 (less = than=20 the
recommended Day 4-7).

I'm just curious if I'm counting correctly, and/or = if I am=20 more confused or
they are (ah yes, leaving = myself wide=20 open, but resist the temptation).

Rolf

-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, = write=20 "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your email. =

- ------=_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. ------------------------------ Date: Wed, 13 Aug 2003 14:15:27 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] market correction bottom? This is a multi-part message in MIME format. - ------=_NextPart_000_004A_01C361A5.58652E70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit 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 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_004A_01C361A5.58652E70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable RE: [CANSLIM] market correction bottom?

Hi Alan,

See also our List FAQ where this = and other=20 abbreviations used frequently here on the list are defined:

http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip Within = the FAQ, you'll=20 also see a provided link for a more in depth description of the FTD.=20

See also www.investors.com where you can = read about=20 it from the source.

Katherine

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Rolf=20 Hertenstein
Sent: Wednesday, August 13, 2003 1:57 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] market = correction=20 bottom?

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.

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).

FTDs did seem to nicely mark the = beginning=20 of recent runs in Oct 02 and Mar 03.

Rolf

----- Original Message -----
From:=20 Margate, Allan
To: 'canslim@lists.xmission.com'= =20

Sent: Wednesday, August 13, = 2003 12:49=20 PM

Subject: RE: [CANSLIM] market = correction bottom?

What does FTD stand for? and how is it a positive = signal for=20 the end of the correction?

-----Original Message-----
From:=20 Rolf Hertenstein [mailto:rolfh@mindspring.com]=20
Sent: Wednesday, August 13, 2003 11:41 AM =
To: canslim@lists.xmission.com= =20
Subject: [CANSLIM] market correction = bottom?=20

Yesterdy's Big Picture (IBD) mentioned Thursday as = the first=20 day to look for
a FTD, which would be a = positive=20 signal for the end of our correction. OK,
fine, but=20 I couldn't figure out why Thursday.

On my count, the DOW (intraday low 8997) and SP500 = (intraday=20 low 961)started
up August 6 and they = haven't=20 violated those intraday lows, so this is
already Day=20 5 for those indices. The NASD started up Monday August = 11=20
(intraday low 1647) so Thursday would only be Day = 3 (less=20 than the
recommended Day 4-7).

I'm just curious if I'm counting correctly, and/or = if I am=20 more confused or
they are (ah yes, leaving = myself=20 wide open, but resist the temptation).

Rolf

-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email = body, write=20 "subscribe canslim" or
-"unsubscribe = canslim". =20 Do not use quotes in your email.=20

- ------=_NextPart_000_004A_01C361A5.58652E70-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 13 Aug 2003 15:29:58 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Market indicators This is a multi-part message in MIME format. - ------=_NextPart_000_0065_01C361AF.C11D7490 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Hi Jeff, I think the simpler the approach to monitoring market health the better. This is based on the approach that it is a "market of stocks" not a "stock market." The "market" from my perspective is "the CANSLIM market." In other words, "is the market favorable toward growth stocks?" If it's favorable, I'm long. If it's unfavorable, I'm short. Number of fresh breakouts. Number of failed breakouts. How are my holdings doing? How are the leaders doing? How are the major indexes as a whole doing? How is the overall technical condition of the underlying stocks in the Market (including number of new highs vs. new lows)? Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson Sent: Wednesday, August 13, 2003 4:24 AM To: Canslim Subject: [CANSLIM] Market indicators What if your opinions would be the best or at least a good technical indicator for M performance? What do you think about TRIN? Jeff - ------=_NextPart_000_0065_01C361AF.C11D7490 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Hi Jeff,

I think the simpler the approach = to=20 monitoring market health the better. This is based on the approach that = it is a=20 "market of stocks" not a "stock market."

The "market" from my perspective = is "the=20 CANSLIM market." In other words, "is the market favorable toward growth = stocks?"=20 If it's favorable, I'm long. If it's unfavorable, I'm = short.

Number of fresh = breakouts.

Number of failed = breakouts.

How are my holdings = doing?

How are the leaders = doing?

How are the major indexes as a = whole=20 doing?

How is the overall technical = condition of=20 the underlying stocks in the Market (including number of new highs vs. new = lows)?

Katherine

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff=20 Henderson
Sent: Wednesday, August 13, 2003 4:24 = AM
To:=20 Canslim
Subject: [CANSLIM] Market = indicators

What if your opinions = would be the=20 best or at least a good technical indicator for M performance? What do you think about=20 TRIN?

Jeff

= - ------=_NextPart_000_0065_01C361AF.C11D7490-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 13 Aug 2003 15:29:29 -0500 From: "Katherine Malm" 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 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 13 Aug 2003 16:29:16 -0500 From: "Gene Ricci" Subject: [CANSLIM] Value versus Growth This is a multi-part message in MIME format. - ------=_NextPart_000_040A_01C361B8.09E0CCB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable http://www.sfgate.com/cgi-bin/article.cgi?f=3D/news/archive/2003/08/13/st= ate1603EDT0121.DTL - ------=_NextPart_000_040A_01C361B8.09E0CCB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

http://www.sfgate.com/cgi-bin/article.cgi?f=3D= /news/archive/2003/08/13/state1603EDT0121.DTL

- ------=_NextPart_000_040A_01C361B8.09E0CCB0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 13 Aug 2003 17:37:55 -0400 (EDT) From: Yien T Lung Subject: Re: [CANSLIM] Value versus Growth Wow, that is interesting news...Warren Buffett and Arnold together?? On Wed, 13 Aug 2003, Gene Ricci wrote: > > > http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/08/13/state1603EDT0121.DTL > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 13 Aug 2003 16:46:23 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] Market indicators This is a multi-part message in MIME format. - ------=_NextPart_000_0456_01C361BA.6E308230 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jeff, what are you trying to measure? Gene=20 What if your opinions would be the best or at least a good technical = indicator for M performance? What do you think about TRIN? =20 Jeff - ------=_NextPart_000_0456_01C361BA.6E308230 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Jeff, what are you trying to=20 measure?

Gene

What if your opinions = would be=20 the best or at least a good technical indicator for M = performance? What do you think about=20 TRIN?

Jeff

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