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fib_1618

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Reply with quote  #1 
It should be duly noted that we now have a confirmed Zweig EMA Breadth Thrust on the NYSE.

Here are the numbers aside of unchanged issues against the SPX:
September 28, 20151881.7739.24%
September 29, 20151884.0940.07%
September 30, 20151920.0346.50%
October 1, 20151923.8246.90%
October 2, 20151951.3651.99%
October 5, 20151987.0558.53%
October 6, 20151979.9257.99%
October 7, 20151995.8361.61%
October 8, 20152013.4364.51%
The Zweig breadth thrust indicator is computed by calculating the number of advancing issues on an exchange such as the NYSE divided by the total number of issues (advancing + declining) on it, and generating a 10-day exponential moving average of this percentage. The indicator signals the start of a potential new bull market when it moves from a level of below 40% (indicating an oversold market) to above 61.5% within any 10 trading day period, a sentiment shift that occurs only rarely.

Fib

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fib_1618

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Reply with quote  #2 
Historical Statistics of Previous Zweig Breadth Thrusts (cross post) http://tinyurl.com/ptbftxs


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Dave's LinkedIn Profile

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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