Joshua Hayes – BigWaveTrading.com – Market wrap for Thurs, Oct 16, 2008

We had a good reversal today and the movement plus volume technically qualifies as a follow-thru day, but there are other signs in the chart scans which says the market is still not good. We can watch this and see where we head the next few days, weeks, etc., but remember 2 out of 5 FTDs do NOT lead to a bull market (but every bull rally starts with a FTD).

Author: BigWaveTrading
Keywords: stocks market nasdaq dow canslim cnbc bigwavetrading
Added: October 16, 2008

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