Zweig Breadth: Looking for a thrust

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8/5/2014, 9am PT

 

Albeit unlikely, given where the market is currently count wise; Zweig Breadth bottomed below -40 on August 1 and has now moved back up. Hence we have to keep an eye on a possible zweig breadth thrust event. That means that by the close of Friday August 15, latest, the ZB must be over 62.5. IF that’s the case the market -on average- will go up 24.6% in 11 months. IF that’s not the case then that won’t happen. Simple. For now, keep an eye on it.

zbt 080502014

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