6-4-2012 Morning Comment

[brrim]

Mike; Can a follow through day occur on the 3rd day of an attempted rally assuming the % rise and volume criteria are met and the 3 days each have higher highs? Are there other criteria for a FTD on Day 3?
Thank you.
Robert

[Mike]

Mike; Can a follow through day occur on the 3rd day of an attempted rally assuming the % rise and volume criteria are met and the 3 days each have higher highs? Are there other criteria for a FTD on Day 3?
Thank you.
Robert

Robert,
A day 3 follow through day can happen with three powerful moves off of the bottom. I suspect that yesterday's move was not good enough to qualify. I don't have much experience with this as they are quite rare. I entered MLNX just in case...