For the last 10 days we have just been drifting around here in the neutral zone on the Zweig, unable to sell off and unable to rally. We have put two days of improving Zweig values together. We have not been able to make the 3 in a row for the past 10...
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We talked in the chat room today about how difficult it is to "see" this market. This chart shows in a picture what I mean. Reading charts, at least for an engineer, is attempting to extract some-type of signal from noise. You can see easily on the SP500010DayH-L chart pane (the bottom pane) how...
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!RL_AD_Race Advance / Decline Line race indicator. This is by far the most entertaining indicator I have developed thus far, it is also the most difficult to set up. For that reason I do not support it. It takes several data streams to setup, and then the indicators all have to be put...
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The Zweig Breadth Thrust indicator is an overbought / oversold indicator designed by Dr. Martin Zweig. The indicator represents the percentage of stocks that are advancing on the NYSE. An reading of less than 40% of stocks advancing represents and oversold condition, while a reading over 61.5% is overbought. The percentage number is...
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It all began in 1593 when a Dutch importer Conrad Guestner carried back from Constantinople the first tulip bulb from what is now present day Turkey. The exotic flowers became an instant hit and within a few years has established themselves as a status symbol amongst the Dutch elite. The desire and need to...
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If we can hold this morning’s gap, we should since there is no econ news before 10am this morning, the 52 week new highs indicator should spike right at the open. All those stocks that are close will be pushed up into new yearly territory. Today’s hurdle bars, the bar being replaced in...
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