Quote Originally Posted by adam ali View Post
Thanks, Mike.

Have a couple questions for you: was yesterday a distribution day under the CANSLIM methodology and therefore negated the (barely) FTD we had last week?

Also, has the Coppock Curve indicator given a buy signal?
Adam, yes 10/17/11 was a distribution day. It does not negate the FTD. A distribution day that occurs within the first three days of a FTD usually inicates a rally failure. Yesterday however would qualify as a FTD. So if a rally is going to succeed with early distribution, this is how it would happen. Most bear markets test the 200-day on the S&P500, which is 4% above. I would guess that we will do that again and then the market will tell us which road it is on.