[isatrader]

Were the Bullish Percent and moving average breadth indicators mentioned in the book?

The NYSE Percentage of stocks above their 150 day moving average is used as a replacement for his proprietary NYSE Survey (seen on page 77) that is talked about in the book. And he mentions this in an interview on page 439 in the "Technically Speaking book" which an extract can be found on my previous t2w thread here:

http://www.trade2win.com/boards/technica...ost2037672

As I said on that thread in 2012: ''Weinstein says there is a definite correlation of roughly 75% to 80%, but believes his gauge is finer tuned for various reasons. But as we don't have access to his proprietary NYSE Survey, an 80% correlation is a good enough substitute, especially as he rates the two most important indicators as the NYSE Survey and the advance/decline line. So we can replace the NYSE Survey with the NYSE Percent of Stocks Above their 150 Day Moving Average breadth chart with a reasonable level of confidence."

That was my reply 6 years ago to someone else, and I've found the NYSE Percentage of stocks to be excellent over the years since personally for market timing. Especially using it in a multiple moving average fashion. i.e. the 50 day for short term, 150 day for medium term and 200 day for long term. When all three give the same signal from the various key positions defined by investors intelligence's work. Then it causes me to take notice and make adjustments. i.e. to be more defensive, or to go to cash, or to be more aggressive and get fully invested etc. Of course though, as per the Weight of Evidence approach, this isn't used in isolation, and advance decline, new highs, new lows and various other breadth measures are all considered as a whole before making changes to strategy. Although personally if I only had one breadth indicator that I was allowed to use, it would be the Percentage of stocks above their moving averages, above all the other breadth measures personally. But others may differ. The french forum seems to favour the advance decline line the most. Although I maybe wrong as the google translation doesn't work very well for me, so I find it hard to understand the conversations on there. As it clearly doesn't translate them properly.