Stock Market Follow Through Day


	Stock Market Follow Through Day

muckdog

10-17-2008 12:20 PM

239 views

tags:

investors business daily, follow through day, buy signal

muckdog says:

An Investors Business Daily follow-through day. Not all follow through days lead to bull markets, but all bull markets begin with a follow through day. Or so they say!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/63f2c9a8-f021-4ad4-947e-3edab9790b35/562018A1-7097-4F4E-A359-198394A91501/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://stock-trading-ideas.com/2008/10/finally-a-follow-through-day-but-what-next/" href="http://stock-trading-ideas.com/2008/10/finally-a-follow-through-day-but-what-next/" style="font-size: 11px;">stock-trading-ideas.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://stock-trading-ideas.com/2008/10/finally-a-follow-through-day-but-what-next/">Today the Nasdaq gained over 5% on increased volume on the 5th day of its rally 
attempt which marks a follow-through day in one of the major index. However 
there is no leadership to be seen anywhere which makes me outright suspicious of 
this rally. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://stock-trading-ideas.com/2008/10/finally-a-follow-through-day-but-what-next/">Today’s reversal had all the ingredients to set up for a nice trading rally. 
Also of importance was the spike in $VIX (fear index). It spike to above 80 and 
that is a sign of some extreme bearishness. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/562018A1-7097-4F4E-A359-198394A91501/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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