Yesterday was a great day on the markets with the NAS, DOW, and NYSE all up over 1.7% on great volume. This should have been IBD's technical signal to begin a new market rally, BUT their stand remains unchanged. Here's why:
A 1.7% gain is usually a big gain relative to usual market action, but relative to today's volatility, we would need to see something more. Take a look a how January's price range measures up against past months.
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