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Posts: 4,900
Reply with quote  #1 
As a follow up to my post on August 4th, tomorrow will be the 10th trading day from the Zweig Breadth Thrust trigger point using Marty's exponential moving average guideline. With Thursday closing with a 56% reading, it's highly doubtful that the 61.5% level will be met by the close on Friday.

However, if we use an simple moving average to this indicator, the August 4th trigger was subsequently cancelled due to market weakness from August 5th to 7th, and a new trigger point was then given on Friday, August 8th. As of today, the current reading is at 54%, with the 10th trading day from this trigger coming in on August this is still doable.

I will again update as we move along.


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