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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (10339)	10/13/2000 7:58:40 PM
From: Mr. BSL	Respond to of 42834

I2, Follow through day- When a major average (DJIA,NAZ,S&P500)is up at least 1% on greater volume than the day before. It is significant if it comes within 4 to 10 or so days after an attempted rally. Somebody had a good link to specific examples on this thread four or five months ago. I'll try and find it. If this rally is real then we should have a follow through day soon. Dick

To: Investor2 who wrote (10339)	10/13/2000 8:27:36 PM
From: Mr. BSL	Read Replies (1) \| Respond to 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.