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To: Perspective who wrote (159143)10/22/2008 5:21:41 PM
From: Les HRead Replies (2) | Respond to of 306849
 
You can't take out the low of the 1st big up day in the subsequent period between the two rally days. It was never a valid follow-through day. IBD's follow-through day methodoloty is hopelessly muddled since the statistics don't validate their approach. They've changed the rules everytime the strategy appeared to fail.



To: Perspective who wrote (159143)10/22/2008 5:44:59 PM
From: patron_anejo_por_favorRespond to of 306849
 
>>So at what point does the O'neill crowd consider their follow-through day negated?<<

When the lows are taken out intraday......so not yet.

Keep in mind that a follow through day is a "necessary but not sufficient" condition for a rally. You still need good bases built to actually buy 'em. We'll see, could go either way from here. We could still put in a decent C of 4 before diving, or maybe we already did and the V of 3 has begun.


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