Thank Bill, i know you have a lot of followers....
IBD is calling this a Follow thru Day
Started by
traderpaul
, Oct 28 2008 07:12 PM
9 replies to this topic
#1
traderpaul
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Posted 28 October 2008 - 07:12 PM
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#2
IndexTrader
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Posted 28 October 2008 - 08:01 PM
How is this a follow-thru? When was the initial day?
IT
#3
dcengr
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Posted 28 October 2008 - 08:27 PM
Initiation must've been 10/13. I forgot his rules, but it has to occur within a certain time frame.. I thought it had to be within 5 days, but I think it might be within 2 weeks, not sure.
Maybe the first two has to be within first 5 days, then another within 2 weeks? There was a nice up day on 10/16.
Qui custodiet ipsos custodes?
#4
esther231
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Posted 28 October 2008 - 08:36 PM
Tuffy has posted in the past that it usually occurs within 4 - 7 days - but can occur as late as 10 days.
I think the 16th was the first day. So, this is day 8. (I think)
Edited by esther231, 28 October 2008 - 08:40 PM.
When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells
#5
IndexTrader
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Posted 28 October 2008 - 09:00 PM
OK, you'd think there would be a requirement that the follow-thru day close higher than the initial day! 
Seems to me they're stretching this one.
IT
Seems to me they're stretching this one.
IT
#6
dcengr
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Posted 28 October 2008 - 09:15 PM
OK, you'd think there would be a requirement that the follow-thru day close higher than the initial day!
IT
Everyone's desperate to put their $ to work.
Qui custodiet ipsos custodes?
#7
vitaminm
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Posted 28 October 2008 - 09:51 PM
Macro Market Analysis (End of Day)
Volume Analysis - Accumulation/Distribution .................at the bottom of page
http://tal.marketgau...Home/MGhome.asp
Volume Analysis - Accumulation/Distribution .................at the bottom of page
http://tal.marketgau...Home/MGhome.asp
vitaminm
#8
Islander
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Posted 28 October 2008 - 10:06 PM
Today qualifies as a FTD alright, but not every FTD leads to a change in trend, only about 30-40% do.
It is just a sign to look for other indicators. But don't waste your time at best this is a technical rally with not guts. It might be trade, but maybe not too. Watch out for the sale of the news.
I think the rate cut does not mean much, it will not stimulate consumer demand, and it is a clear confession of loss of control. Sort of like shooting a dead
horse. Do anything even if its wrong.
We are in trouble and it will bet worse, no one at front of the bus is sober enough to think anymore.
Best, Islander.
It is just a sign to look for other indicators. But don't waste your time at best this is a technical rally with not guts. It might be trade, but maybe not too. Watch out for the sale of the news.
I think the rate cut does not mean much, it will not stimulate consumer demand, and it is a clear confession of loss of control. Sort of like shooting a dead
horse. Do anything even if its wrong.
We are in trouble and it will bet worse, no one at front of the bus is sober enough to think anymore.
Best, Islander.
#9
zman
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Posted 28 October 2008 - 10:20 PM
Today qualifies as a FTD alright, but not every FTD leads to a change in trend, only about 30-40% do.
It is just a sign to look for other indicators. But don't waste your time at best this is a technical rally with not guts. It might be trade, but maybe not too. Watch out for the sale of the news.
I think the rate cut does not mean much, it will not stimulate consumer demand, and it is a clear confession of loss of control. Sort of like shooting a dead
horse. Do anything even if its wrong.
We are in trouble and it will bet worse, no one at front of the bus is sober enough to think anymore.
Best, Islander.
Agree, they have lost all respect...they won't leave anything alone and let the market do it's job...they are delaying what we all know is coming...hey I am in trouble I made some bad decisions please rescue me....what have we become? whiners! a nation of whiners....
Education is the best defense against the media.
#10
pdx5
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I want return OF my money more than return ON my money
Posted 28 October 2008 - 11:46 PM
Everyone's desperate to put their $ to work.
I am following Dr Hussman's advice to get back in the market for LT.
His advice is based on very long term record of returns on SPX when
bought at current valuations. I am spreading the buying process in equal
installments weekly over a 3 month period.
I sold 100% of my LT holdings 2 years ago based on Hussman's point of view.
Very happy with the results so far.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
