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Market Legends, Monster Stocks, & Market Cycles - John Boik's Historical Analysis Webinar

The TraderLion Podcast

CHAPTER

The Power of Positive Price and Volume Action

This is classic positive price and volume action that will be present in all future monster stocks. New highs, new lows are a gauge of how healthy or unhealthy an upturn or downturn is. I did not invent this by any stretch. There's a chart here from 1942 for Gilbert Haller's book. The first blue circle up top is the Dow Jones. This is 42. We had a big bear market at the beginning. Then you had this nice strong start up trend in the middle of the year. It races up higher in 43. That was a telltale sign of what was happening with that 43 market. If you flip to the next one, we'll go a little to the

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