Bob Brinker: Market Savant & Radio Host Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Investor2 who wrote (10339)	10/13/2000 8:27:36 PM
From: Mr. BSL	Read Replies (1) of 42834

Follow through day from IBD On-line investors.com How can you tell if the stock market is headed back up? Once in a declining phase, the market will always attempt to rally from some level. However, you can't tell on the first or second day of exuberance if it's going to soundly "follow through" and show some real gains. So, as an IBD-wise investor, you don't buy on the first or second day of a rally. You can afford to wait for a second confirmation that the market has really turned and a whole new major uptrend or bull market has begun. A follow-through will occur if the market average rallies a second time, showing overwhelming power by closing up more than 1% with the volume increasing from the prior day. When should I look for a "follow-through" confirmation? A strong follow-through day usually occurs between the fourth and seventh session of an attempted rally. Sometimes, it can be as late as the 10th or 15th day, but this usually shows the turn is not as powerful. Although every bull market has started with a follow-through, it doesn't guarantee the market will go higher. Some rallies will fail even after a follow-through day.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next