Follow Through/Leaders Chart

Monday, February 25, 2008

The market has yet to make up its mind

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The major indices ended up 1% on higher volume then seen in recent weeks, but still below average. Volume on up days has been edging up down volume, so this may suggest that the bears are wearing down and the bull are starting to wake up. Look for above average on the upside to confirm this. Glancing a the IBD100 heatmap shows that few stocks near buy points, and many that are still damaged.

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