The volatility has been whacky lately, so the market has once again captured my short term interest.  Remember this when the posts go dry for days at a time.

But one thing that I was looking for yesterday was the technical "follow through" to Wednesday's big day up.  To borrow from IBD (Investor's Business Daily), they claim that bottoms form and breakouts begin when the market is in a down trend but has two substantially higher days on substantially higher volume.  What does the chart say?

It certainly looks like reasonably good volume and Thursday's volume was higher than Wednesdays, so is now the right time to get back into the market according to IBD criteria?  I'll pick one up this weekend and see what they say.

As for me, I don't buy into this hypothesis a whole lot.  I buy when things are relatively low, sell when things are relatively high.