The current Zweig for the NYSE is making a remarkable comeback, indicating a market that is winding up to propel us to the next heights in this bull run. Last week we were flirting with the oversold line, know we are approaching overbought. The last little run up to 55.50 is actually three days...
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On Wednesday in the Traders room we reviewed the live ZBI indicator via the Live Charts on the members only website at http://pv.ttthedge.com. At that time the ZBI was pushing down into a new low since the firing of a ZB Thrust; a 10 day move from oversold to overbought that occurs rarely and...
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I thought we were going to do it, close the Value Line down 4% knocking us out of our latest entry on the Zweig-Davis 4% Value Line trade. For background on this trading system you can read the blog entry: Zweig 4% trading model – Thanks to Ned Davis. It is a very...
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I wanted to write a quick note about Stops. Now that we are tracking our trades real-time you can see how four traders trading the same symbol on the same call can generate five different results. We all get slightly different fills, we trade different sizes, have different brokers, styles, personalities, computers, screens.. etc.. ...
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On Friday (6/5/2009) in our trading room at TTTHedge.com one of the fellow members questioned if “Friday could be a top?” The member had read somewhere that top’s never occurred on Fridays. This is the kind of question that always leads me back to the charts. If tops “never” occurred on Friday, than we...
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Much has been said and written this week at the event of the crossing of the 200 day moving average, a traditional demarcation of bull and bear territory. I have not had a lot of time to do research, but I did put my eyes to the charts last night and this morning to...
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Since Monday’s 10:15 candle close we have been trading in a fairly tight range between 940.50 and 948. Yesterday we spent the afternoon skimming along the top. So today we will watch for a breakout of this area which will be necessary to climb to the next level, but first this morning we...
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