Did anyone notice today the new chart at the bottom of the page at our member’s only website:
This chart shows Today’s close in comparison to last Friday’s close. Today the Dow 30 closed at 9310.60, down 233 points from Friday which is a -2.45% change. The efficiency number is a measurement of how efficiently it moved from Friday’s close to the current close. You can see that we have moved without too much trouble. It does not peek into intraday candles to find the movements like we have today however.
You can use this chart to measure strength between the indices. The DOW has been the strength so far this week with the broader and small caps centric R2000 showing the weakness.
Our Zwieg / Ned Davis 4% system that is currently in the market will go to cash on Friday it the Value Line index moves and stays below 4% on Friday. We are at 3.94% now and will most like break the 4% sometime during the week. Will it recover before Friday? Look at the bottom of the page at http://pv.TTTHedge.com to track.
Happy Trading
-rlt
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