Tuesday, February 16, 2010

IBD: Not a Follow-Through Day

Wednesday IBD says that today was not a follow-through day. $$

Advance was strong enough, but volume was lacking. Market remains in a correction according to the IBD gurus.

Caveat is, IMHO, they'll change from correction to uptrend sometime *after* the market has hit its inflection point and bounced up.

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