tag:blogger.com,1999:blog-2676650858658561710.post74552415554915110..comments2023-11-02T06:14:07.871-04:00Comments on Quantifiable Edges: Short-term Implications of Breadth on a Follow Through DayRob Hannahttp://www.blogger.com/profile/07596674657839065754noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2676650858658561710.post-73679725814785905622011-08-26T12:54:17.083-04:002011-08-26T12:54:17.083-04:00Found this little tidbit on Bob English's Prec...Found this little tidbit on Bob English's Precision Report 8/26...<br /><br />"Our CANSLIM friends have noted that yesterday was the second distribution day after the August 23 follow through day (FTD), which signals an 80% chance of failure for the fledgling rally."Jameshttps://www.blogger.com/profile/04954636315935734354noreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-79572783595372342812011-08-24T12:15:11.816-04:002011-08-24T12:15:11.816-04:00Rob-
Did you look at this with one of your basic ...Rob-<br /><br />Did you look at this with one of your basic filters, the above/below 200 day SMA divider? If so, any variances to the core theme?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-77217577891744906892011-08-24T12:10:55.794-04:002011-08-24T12:10:55.794-04:00However, FTD after big declines as the one we just...However, FTD after big declines as the one we just had has less than 50% probability of success. http://quantifiableedges.blogspot.com/2008/02/follow-through-days-better-after-small.html<br /><br />Market action in the days after a FTD has been a decent predictor of whether that FTD is likely to succeed.<br /><br />FTD’s after day 10 have had a higher success rate over the last 37 years than FTD’s that occurred between days 4-10.Johan Lindénhttps://www.blogger.com/profile/07530784419183726575noreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-4456467878012727402011-08-24T11:50:55.478-04:002011-08-24T11:50:55.478-04:00There are 47 million people on food stamps. 80 mil...There are 47 million people on food stamps. 80 million baby boomers retiring. Massive US deficit. Corporate revenues manufactured from a weak dollar. Home prices off 32% since the peak. Real unemployment and underemployment probably at 25%.What about the business owners that were self employed getting a 1099? ...they cannot even claim unemployment. How many in America have that issue which is not hitting the unemployment stats?Volatile markets entice speculation.. www.floridadaytrading.com is an interesting site. Banks do not want to take back the foreclosed homes to take the losses and carry the properties. People are not paying their mortgage and living for free thereby paying for their ipads, iphones and 60k cars. Something seriously has to change in this country.jroundershttps://www.blogger.com/profile/00506706656475090621noreply@blogger.com