The first round was a bust as the markets returned to lower lows. Wednesday’s market action has set us up now for round two of the Zweig thrust watch. Just as a reminder a Zweig thrust is a move from oversold to overbought (bottom line to top line) in a 10 day trading period. The thrusts are rare and mark the beginning of bull markets. Sometimes strong bull markets will correct and fire a second thrust indicating a return to bullish sentiment.
We are now 9 days and counting..
