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Obviously, I have been lax in doing my homework and was not aware of does
over 9 to 1 days that occurred may/ june of this year . If that is the case
we should not have had the decline we have had, rather since the two
occurred within the time frame you mentioned I would conclude that that
since the indicator failed it does not work in todays markets.In the study
period it never failed on a 3,6,and 12 month time frame except for one 3
month peroid.
Thanks for your input and keep up the good work.
Dom
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Friday, November 24, 2000 6:47 PM
Subject: Re: [RT] Market - OEX
> 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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>
>
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