8 replies to this topic

[spielchekr]

Almost a 10 to 1 thrust. At this point, we are merely at the "9-to-1 up day is a most encouraging sign" stage.

While discussing advancing/declining volume in his book, Winning on Wall Street, Martin Zweig states, "Every bull market in history, and many good intermediate advances, have been launched with a buying stampede that included one or more 9-to-1 days" ("9-to-1" refers to a day were the Upside/Downside Ratio is greater than nine). He goes on to say, "the 9-to-1 up day is a most encouraging sign, and having two of them within a reasonably short span is very bullish. I call it a "double 9-to-1" when two such days occur with three months of one another."

source: http://www.marketscr...a...HF=&Num=110



Mortiz did some excellent research last year on this.

http://forums.techni...post?id=1226364

[Tor]

Great post, most interesting. Can I ask...can you recall when the most recent one was? I recall reading somethingmaybe earlier this year? TIA

[spielchekr]

Great post, most interesting.

Can I ask...can you recall when the most recent one was? I recall reading somethingmaybe earlier this year?

TIA

The one you're looking for is probably Airedale's. Does March 6th ring a bell?

http://www.traders-t...?...81&hl=zweig

EDIT: Although more than 3 months have elapsed, it's interesting to note that we're getting this signal at roughly the same price levels. Just an observation.

Edited by spielchekr, 18 August 2007 - 06:24 PM.

[Tor]

Thats the one Spiel, most grateful to you. If there was a 9:1 down capitulation, followed by a 9:1 upthrust, I gues that would be pretty bullish, and even more so if it came within 3 months of the previous upthrust. Good trading to you.

[spielchekr]

(see my edit)

Thats the one Spiel, most grateful to you.

If there was a 9:1 down capitulation, followed by a 9:1 upthrust, I gues that would be pretty bullish, and even more so if it came within 3 months of the previous upthrust.

Good trading to you.

[timer]

Great post, most interesting.

Can I ask...can you recall when the most recent one was? I recall reading somethingmaybe earlier this year?

TIA

March 6 & March 21, I believe.

[VolPivots]

When you Open the volume AD ratio up over 17 (it spiked as high as 163 per stockcharts 1-min chart) on a 2% gap up, it's probably a decent bet you'll close the ratio high enough to qualify for a Zweig volume thrust

[underabigw]

Spielcheckr,

Thanks for posting this. It has been on my mind lately since I am still short the market.
One thing I noticed at the site listed below is that when you have a couple of 9 to 1
down days, like we have had recently, that this usually means downside exhaustion.

Then when you get a 9 to 1 up day the market will chop around for a few weeks and then move
higher. You usually get a test of the lows but you usually don't go below the previous low.

The last time we had 9 to 1 upside days before Friday was in Feb. or March.

Up Thurst / Down Thrust Indicator

Thanks again for the posting. There is enough information in your links to answer most questions
anyone could have about this topic.

[spielchekr]

When you Open the volume AD ratio up over 17 (it spiked as high as 163 per stockcharts 1-min chart) on a 2% gap up, it's probably a decent bet you'll close the ratio high enough to qualify for a Zweig volume thrust

Some signs are really obvious, aren't they?

[img]http://tbn0.google.com/images?q=tbn:WwOIK-G7BS82vM:http://nimbleswitch.com/journal/images/this_sign_has_sharp_edges.jpg[/img]