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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (48019)7/29/2002 3:46:55 PM
From: The Freep  Read Replies (2) of 209892
 
<<one must nevertheless respect today as a big follow-through day. >>

I have a question about that: is volume a contingent factor in "classic" followthrough days? And if so, does today's volume confirm? Certainly price has followed through. . . .

Gonna close on the highs, with MSFT leading the charge. A big gap up tomorrow all around would damage the bearish case (and portfolio) I'd think. That said, the Dow has not held a 400 point gain like this without a major retrace in some time. Once more, bulls and bears have to sweat the close. Not call buyers though. They're confident. Overall PC at 3:30? .65. Equity only .51 per the CBOE site.

the freep
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