Monday, October 12, 2015 8:07:05 PM
The Zweig Breadth Indicator
Saw something on this today, never really heard of it before. So I made up a chart...Top Indicator
"The Zweig Breadth Thrust indicator is named for legendary investor Martin Zweig, who among other things called that the market appeared headed for a crash on the Friday before the historic Black Monday of 1987, when the Dow fell 22% in a single day.
This is only the eighth time that the Zweig Breadth Thrust indicator has been triggered since 1970, and in all seven previous instances, the S&P 500 finished higher 20 days later, with positive readings in 1975, 1982, and 2009 all leading to 20-day rallies greater than 8%.
So, just something to keep in mind.
Saw something on this today, never really heard of it before. So I made up a chart...Top Indicator
"The Zweig Breadth Thrust indicator is named for legendary investor Martin Zweig, who among other things called that the market appeared headed for a crash on the Friday before the historic Black Monday of 1987, when the Dow fell 22% in a single day.
This is only the eighth time that the Zweig Breadth Thrust indicator has been triggered since 1970, and in all seven previous instances, the S&P 500 finished higher 20 days later, with positive readings in 1975, 1982, and 2009 all leading to 20-day rallies greater than 8%.
So, just something to keep in mind.
Visit the best kept secret on ihub.
All Things Money ~ the ATM!
http://investorshub.advfn.com/boards/board.aspx?board_id=18767
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
