
Ep. 81: Scott St. Clair: How To Manage Stocks On A Follow-Through Day
Investing With IBD
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The Importance of Counting the Days Before a Rally
When the market is in a correction, we're going to look for an update. We don't buy on that day, but we just start counting on that day saying, okay, this is an attempted rally. Once you get four days and on into that kind of rally, if you have a really strong update and it's usually 1.25% and on higher volume than the day before, this one will change the outlook from a correction back to an uptrend. On that day, the market was up 7.33%. I mean, that was one of the most powerful follow-up today that I've ever seen.
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