Tuesday, July 29, 2008

Follow-Through Tequila Tuesday


clipped from www.investors.com

Preliminary figures show volume solidly higher on both the NYSE and the Nasdaq. That would meet the requirements of a follow-through to the rally attempts begun on the Nasdaq on July 15 and on the NYSE a day later.

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As "they" say, not all follow-through days lead to bull markets, but all bull markets are preceded by follow-through days.

It's an IBD thing, but it could lead to some folks closing shorts and probing longs, especially in leading stock names.

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