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Zweig's book was among my first books on TA. Not to diminish Zweig's
work in any way, however a quick scan of my a/d volume records indicates
that a 9:1 occurred on 30May00 (1.4 billion shares traded) and was
followed by a 16:1 on 02Jun00 (1.8 billion shares traded) . I do think
that breadth analysis is equally applicable to NASDAQ as to the NYSE,
particularly when the two are moving in the same direction. While
today's NASDAQ price action was indeed an impressive reversal, the major
question is the relatively low volume of 0.8 billion shares. I was
trading the long side of the spoo this morning and it was very apparent
that there was an hour's worth of good trading followed by an extremely
thin market.
My 3 NASDAQ breadth models (a/d issues, highs/lows, a/d volume) all
confirmed the 22Nov low by declining solidly below the 13Nov oscillator
values. The good news is that 2 of the 3 models display a bullish
divergence to the 12Oct low (lower price and higher model oscillators).
This setup is not unlike the 24May lows which produced a very strong
rally before rolling over. Bottom line is that I think we need a heavy
volume day with extremely strong a/d volume to confirm the reversal.
Earl
----- Original Message -----
From: "Dom Perrino" <domenick@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Friday, November 24, 2000 12:54 PM
Subject: Re: [RT] Market - OEX
> A very significant event occurred on the Nasdaq today, up volume was
more
> than 9 times down volume.If we have another up/down volume of 9 or
more
> within three months of today(or sooner) the market would put me back
in the
> bull camp as this would indicate that the Nasdaq primary trend for the
> following 12 months will be up not down .Since the Nasdaq has taken
the
> large hit my conclusion would be that the rest of the markets Dow Oex
S&P
> Nya etc would also be up in the coming year .This indicator was put
forward
> by Martin Zweig in his book Winning on Wall Street (1986) His test
period
> covered the years 1960-1985 . There were only twelve signals during
that
> entire period . Also I should point out that his work was done on NYSE
> volume . Also bear in mind that we must have another 9 to 1 up/down up
> volume day within appoximately three months or less.
> At least step one has occurred .
> Dom Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Friday, November 24, 2000 12:06 PM
> Subject: Re: [RT] Market - OEX
>
>
> > Quote from Astrikos:
> >
> > "The transiting Sun (the known) will form a waning quintile aspect
with
> > transiting Uranus (the unknown) on Monday, 11/27. That makes the
time
> window
> > for this aspect Friday, 11/24 through Tuesday, 11/28. This aspect
tends to
> > signal major market reversals, but as you can see (from the 11/13
low),
> > confirmation is definitely needed. Stay tuned to these pages as we
monitor
> > the markets during this crucial period. When we do get a 'confirmed'
low
> > from at least two of the major averages, it will be followed by an
> explosive
> > upside rally."
> >
> >
> > ----- Original Message -----
> > From: "Stig O" <olausson@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxx>
> > Sent: Friday, November 24, 2000 5:14 AM
> > Subject: Sv: [RT] Market - OEX
> >
> >
> > >
> > >
> > > >Its gonna happen. When I feel it in the bones, don't sleep, pace
the
> > floor,
> > > >dog barks, its gonna happen.
> > >
> > >
> > >
> > >
> > > To me it looks like a continuation Head and Shoulder pattern,
which can
> > explain the comments below by Erik Hadec and Ray Merriman,
> > >
> > > By the way, does anybody have the last issue of Supertraders
Almanac?
> > > If so, is this week ans Astroday/week or perhaps High low
Pesavento
> Index
> > Daily/weekly?
> > >
> > > regards
> > > Stig
> > > Comment s below:
> > >
> > > Fra: INSIIDE@xxxxxxx <INSIIDE@xxxxxxx>
> > > Cc: INSIIDE@xxxxxxx <INSIIDE@xxxxxxx>
> > > Dato: 17. november 2000 18:56
> > > Emne: Watch November 24th!!!
> > >
> > >
> > > If our intermediate cycle work is accurate (which forecast a
January 3rd
> > S+P
> > > top, January 17-19th DJIA top, late-Feb stock index low and March
27th
> > peak
> > > earlier this year), then November 24th is a CRITICAL date in stock
> indices
> > > and aligns with similar cycles in the energy markets.
> > >
> > >
> > > ----------------------------------
> > > >From Ray Merriman we read the following
> > >
> > > As stated in previous reports, a huge market reversal is due
anytime
> > between November 7-December 11. The midpoint of this cluster is
November
> 23,
> > Thanksgiving in the USA.
> > >
> > > The next ten days may be one of the most important periods of the
year
> in
> > terms of collective psychology (and hence market sentiment). We find
the
> Sun
> > opposing both Saturn (November 19) and Jupiter (November 27). In the
> middle
> > of all of this is Venus square Mars (November 23). I suspect this
portends
> a
> > very large move in stock prices, the direction of which is probably
> > dependent again on the finality of the election results. If
finalized, I
> > expect very sharp rally. If not, I anticipate a train wreck where
the
> market
> > goes into to a free fall. Along with this outlook, I would expect a
revolt
> > by frustrated segments of the American public, possibly leading to
> violence.
> > This then would probably catapult world leaders (at least national
> leaders)
> > to take some decisive action to end this meltdown quickly. However,
based
> on
> > Friday's rather mild close in the stock market, I am not so sure we
won't
> > have a resolution by Monday. There could still be a certain amount
of
> > hysteria and dissention even with the election finalized. It's just
that I
> > don't think it will go to such extremes as it would if the results
are
> > delayed past this Monday.
> > >
> > > The lunar cycle is bullish through Wednesday, and bearish on
Friday. But
> > that impact will be minimal compared to the results of the election
not
> > being finalized.
> > >
> > > http://www.mmacycles.com/artweek.htm
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxx
> > >
> > >
> > >
> > >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> >
>
>
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