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Zweig Breadth Thrust Triggered Today on the S&P 500


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#31 relax

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Posted 31 March 2011 - 02:52 AM

nobody has mentioned what actually makes this breadth thrust more interesting, the context look at the breadth thrust (nymo) we had in november 2009, which came after the big negative breadth thrust in october 2009 again we have a similar context in that we are coming off a big negative thrust so i would rather see this as a necessary balancing act for the market EDIT: october and november 2008!

Edited by relax, 31 March 2011 - 02:56 AM.


#32 rotrot

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Posted 31 March 2011 - 06:32 AM

"...the definition at the top of this thread is one that I confirmed with a former SVP at Lowry's Research"

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.
B)

#33 colion

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Posted 31 March 2011 - 08:17 AM

Here is a website that says the indicator is best used with weekly data:

ZBT Weekly

#34 vitaminm

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Posted 31 March 2011 - 11:30 AM

http://stockcharts.com/h-sc/ui?s=$SPX...id=p41176550394
vitaminm

#35 Slothrop

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Posted 31 March 2011 - 06:55 PM

Just to be clear, so there's no confusion: the Zweig Breadth Thrust signal did NOT trigger.

#36 rotrot

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Posted 01 April 2011 - 03:40 PM

Zweig Breadth Thrust, Arthur Hill - Friday, April 1, 2011 11:53AM ET

http://www.traders-t...?...st&p=570565


#37 inamosa

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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.

"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-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