The NASDAQ scored an 11th day follow through yesterday, a timing signal which IBD uses to determine a new market rally. For those not familiar with FT’s, here are a couple facts. No market rally has started without it, and it has a 70-80% success rate. But don’t stop reading yet, FT’s work best when it occurs on days 4 – 7 of a rally attempt, so an 11th day FT is failure prone. The market has also been going through wild swings lately, so I am mildly bullish at this point.
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