Post #3577 by anchak on the Mechanical Investing board

Investment Strategies / Mechanical Investing

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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

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