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Breadth Thrust Warning!


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#1 fib_1618

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Posted 04 January 2019 - 11:18 AM

Current breadth ratio for NYSE (at 11:15 Eastern) is a little over 9:1 and NASDAQ at 6.5:1...bears be careful...watch your stops!!

Fib


Edited by fib_1618, 04 January 2019 - 11:19 AM.

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#2 MikeyG

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Posted 04 January 2019 - 11:57 AM

Thanks, Fib.....your work is some of the best out there 



#3 MikeyG

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Posted 04 January 2019 - 12:01 PM

Fib, what you opinion on an IT/LT bottom without a divergent NYSI? 

 

TIA 



#4 BigBadBear

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Posted 04 January 2019 - 04:30 PM

Current breadth ratio for NYSE (at 11:15 Eastern) is a little over 9:1 and NASDAQ at 6.5:1...bears be careful...watch your stops!!

Fib

 

 

So how accurate is this indicator and how often does it occur within context of a bear market rally ?



#5 qqqqtrdr

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Posted 04 January 2019 - 04:42 PM

I looked at using this indicator back in the 2008 - 2010 crisis, and it did not work well back then...  These 9:1 and 1:9 indicators hit often and did not yield me good results....    I currently use a chart over 10-day MA of $NYADV:$NYTOT, to pick out Short Term overbought or oversold to predict a bounce or drop, but it is unreliable to picking Medium Term tops or bottoms, but increases the chance it hits with other signals as well.



#6 LMF

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Posted 04 January 2019 - 05:43 PM

The real problem is 2 percent days on the DJIA and/or SPX will never be stable bull market conditions.  So far, 2 of the first 3 trading days this year are in that category.....good for the traders.  My count had roughly 23 trading days last year, and it only takes 5-10 days to make a significant top.  But the bottoming process is definitely in gear....  



#7 jmicou

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Posted 04 January 2019 - 07:53 PM

Keeping an eye on the ZBT signal.  Will there not be bullish McSum divergence for a LT bottom?



#8 pdx5

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Posted 04 January 2019 - 09:40 PM

It was all FED Chair Powell's words today for the rally.

He basically said he is not married to any fixed amount of rate increases in 2019.


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