It’s said that three out of every four stocks will follow the trend of the general market. It’s also known that the best opportunities come when a bear market ends, and a fresh new uptrend begins. The question is, how do you know when a new uptrend starts? The Follow Through Day A Follow Through Day was defined by William O’Neil as “when one of the major market...
A DEEP CORRECTION = a correction more than 25-30% within the consolidation period. Sometimes a stock might correct more especially in a volatile bear market. Deeper correction are more risky as they are more failure prone - use these ideas to put probabilities on your side. The checklist 1. You want as much time away from that correction as possible (at least 1...
HOW-TO instruction. This video shows how my custom IBD Market School Indicator works for TradingView. –––––––HISTORY & CREDITS––––––– This indicator is based on the Market School Program from IBD and it is the core logic for which I have developed the indicator. The whole system is based on the model books for the greatest winning stocks from the past. The names...
Why look at weekly charts? We look at weekly charts because it reduces volatility when scanning for stocks. This is especially important during bear markets when the stocks are more volatile. What do we want to see? Base depth no more than 30% Close on the weekly bars near the highs Closes are tight (about 1-1.5% of each other) Peak closes on...