Edited by relax, 31 March 2011 - 02:56 AM.
Zweig Breadth Thrust Triggered Today on the S&P 500
Posted 31 March 2011 - 02:52 AM
Posted 31 March 2011 - 06:32 AM
You may want to contact that individual again to determine Lowry's position on the 'internals' after the market close yesterday. After you do so, please consider posting an update.
Posted 31 March 2011 - 11:30 AM
Posted 31 March 2011 - 06:55 PM
Posted 02 April 2011 - 07:34 AM
Just to be clear, so there's no confusion: the Zweig Breadth Thrust signal did NOT trigger.
Just like it didn't trigger on Sept. 15th, 2010, right? Can you please tell us all how much the S&P has risen since then?
Expect similar performance from the one that triggered this past week as the one that triggered on Sept. 15th, 2010.
P.S. The definition of the ZBT is actually a 2:1 10-day Adv/Decl ratio, as Gary Smith said. This is the only definition you will find in Zweig's written material - so think twice before you accept a different definition for it. However, the definition posted in the first post of this thread is the one I got from my contact who was previously an SVP at Lowry's. The truth is, it doesn't matter which definition is correct - because no matter which of these two definitions you choose, both were met on Wednesday of this past week using S&P 500 tape data. One of my own custom breadth thrusts was also triggered on Wednesday (also last triggered on Sept. 15th, 2010), which, as I said, is stricter than the one Zweig developed and has stronger and more consistent performance going forward.
Edited by alysomji, 02 April 2011 - 07:37 AM.
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months