Moves after thrust setups are traded differently.. typically
takes more time to reverse, since we just came off a big washout.
Please read article posted by mla127 which references
McCllelan summary of previous Thrusts.
exactly my point on that post - that's why even the Thrust moves
that fail, generally get follow through for a while before they
fail like the one in 2015 prices went up for another month before
failing.
I went over again last night how we had very extreme indicator
readings at near the Dec 24th low and that's why it was a decent
intermediate low. Things were so super stretched.
they are rare events, the last one however occurred in Oct 2015,
which was obviously too early, the market went a bit higher then
stopped at resistance only to sell off to new lows in Jan/Feb
before putting in the final bottom
Breadth Thrust? $NYADV/$NYTOT moves
Posted by elliotw on 7th of Jan 2019 at 07:01 pm
Breadth Thrust? $NYADV/$NYTOT moves from 0.4 to 0.625 in 9 days. Getting close to a breath thrust in last 7 days
that is definitely noteworthy! I
Posted by matt on 7th of Jan 2019 at 10:33 pm
that is definitely noteworthy! I always forget to look at that indicator, however that's official a Breadth Thrust signal.
otherwise of note that indicator is very useful for trade lows when you see positive divergences
Moves after thrust setups are
Posted by steve on 8th of Jan 2019 at 12:18 pm
Moves after thrust setups are traded differently.. typically takes more time to reverse, since we just came off a big washout. Please read article posted by mla127 which references McCllelan summary of previous Thrusts.
exactly my point on that
Posted by matt on 8th of Jan 2019 at 12:21 pm
exactly my point on that post - that's why even the Thrust moves that fail, generally get follow through for a while before they fail like the one in 2015 prices went up for another month before failing.
I went over again last night how we had very extreme indicator readings at near the Dec 24th low and that's why it was a decent intermediate low. Things were so super stretched.
they are rare events, the
Posted by matt on 7th of Jan 2019 at 10:44 pm
they are rare events, the last one however occurred in Oct 2015, which was obviously too early, the market went a bit higher then stopped at resistance only to sell off to new lows in Jan/Feb before putting in the final bottom
see my annotated chart
https://stockcharts.com/articles/tac/2015/10/tom-mcclellan-zweig-breadth-thrust-signal.html Per McClellan, a mediocre indicator
Posted by ruscitti on 7th of Jan 2019 at 10:50 pm
https://stockcharts.com/articles/tac/2015/10/tom-mcclellan-zweig-breadth-thrust-signal.html
Per McClellan, a mediocre indicator
Thanks for good article by
Posted by elliotw on 8th of Jan 2019 at 06:24 am
Thanks for good article by Tom. He does some excellent work!! Seems that the breadth thrust can resolve both ways. Up or down.
$Nymo was very high in Oct 2015 as well. Obviously strong market breadth is creating the high $nymo and $namo.