Just returned back from my fist visit to Disneyworld and to my surprise, the DOW follows through! DOW follow through's typically are not good rally indicators, but combined with the Russell's FT, there is validity. BUT, a distribution day just 3 days after this FT is bad - almost a sure sign of a failed rally attempt, BUT price/volume action looks good. The action in the IBD100 is also improving, with stocks near buy points increasing from 4% to 16%. I think the market still needs to prove itself, and the indices will be going up against critical near term resistance (DOW 12756, NAS 2419). In the meantime, I have one position in MA.
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