Subject: Re: Timing: Zweig Breadth Thrust indicator
ZBT is one of the best "turn" confirmation indicator - as I wrote about in the earlier post on signals.
Its currently sitting at 57 ( it did go above 60 intra-day) - but the close is whats material.
There are of course other measures of "Thrust" - but this one is a time tested one. Its become much more frequent nowadays - as opposed to the 'Oughts - when the few signals that came were end of 2000-03 bear ( Mar 03) , One false in End of Jan 2008 and then Mar 2009.
But still decent near-to-mid fwd returns
Best