Ep. 52: Scott O’Neil: How To Survive The Coronavirus Stock Market Correction
Investing With IBD
00:00
How to Calculate a Follow Through Day
The first thing we do when we're in a correction, we look for an update. If you're up at least 1.25% on a price level, that would qualify for a follow through day. But the key is you need to have volume higher than the day before. The volume is the confirmation of conviction. Does this really feel strong or is it kind of wimpy? And clearly it was the latter on that day.
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