market in confirmed uptrend Archive

  • The concept of the "follow through day" (FTD) was introduced by William O'Neil in his book, "How to Make Money in Stocks" (HTMSS). Its purpose is to increase confidence in when a market correction has run its course. If a FTD occurs shortly after a downward trend reversal, then the likelihood that the upward trend will continue is supposed to be enhanced. Conversely, if a FTD does not occur, then the rally is supposedly more likely to fail.

    Are Follow Through Days a Reliable Indicator of Downward Trend Reversal?

    The concept of the "follow through day" (FTD) was introduced by William O'Neil in his book, "How to Make Money in Stocks" (HTMSS). Its purpose is to increase confidence in when a market correction has run its course. If a FTD occurs shortly after a downward trend reversal, then the likelihood that the upward trend will continue is supposed to be enhanced. Conversely, if a FTD does not occur, then the rally is supposedly more likely to fail.

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