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Byline: DAVID SAITO-CHUNG
Leadership. No matter what the field, America is obsessed with it. So is IBD -- particularly when it comes to the market.
The daily action of the major stock averages offers the best view of the market's direction, not pundits' opinions or any gauge of investor sentiment. IBD helps readers spot budding rallies by pointing out significant action such as the follow-through -- a 2% gain or more by at least one index on heavier volume than the previous session. This follow-through usually comes on the fourth to seventh day of a new rally.
Every market bottom since at least the 1930s had a follow-through. But not every …