Day 8 Zweig Breadth Thrust Watch.. chances are fading.. $SPX

July 15, 2010
By

The last two days of trading have really held back or Zweig and now with two days left it will be difficult to get the ad lines up there.  I did some reverse calculations for the exponential moving average the Zweig uses and calculated that we would need a 9:1 adv/dec line tomorrow to reach the 61.50 required to produce the signal.  That must be the closing A/D, it doesn’t count if we hit it sometime during the day.  That on Friday OPEX is going to be hard to do. Keep watching

 

image

Tags: ,




Switch to our mobile site