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Ep 183: Tom O'Halloran: Is It Time To Be Bullish Again?

Investing With IBD

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How to Buy Stocks That Are Going Through a Major Corrective Phase

We look at stocks in four categories and one of the interesting things about our team is we have a full-time technician, Vernon Bice. He spends 100% of his time on the charts. Number one frame is an uptrend. That's something we're inclined to hold if we don't own it and we have a good reason to buy it. And then there's a downtrend where the stock, the 150 is going down. The stock is below that. We're generally inclined to stay away from that. Now, as I said, we see, we're seeingA lot of snapbacks right now. It's better. If you have a snapback, it would be

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