[RUTrading]

Sorry, I don't follow what you mean with respect to 'RelativeStrength of Value vs Growth' or 'Growth vs Bonds'.  The data is largely based on the NYSE and comprises of several of the breadth measures in the book and a few others I have added over time.

The simplest way to remove a lot of those buy indications was to remove buy signals made when the index price is below a falling 150 day moving average.  Basically do not buy in stage 4.  It is an interesting point as so far I have deliberately based the signal on the breath signals excluding the index behavior.  Given the index price action is so clear I did not think it necessary.  I'll have to ponder that one.

So when I was talking about relative strength it really is comparing difference indices within the NYSE. I personally only follow my local market so can’t point you to real examples of the NYSE and maybe it does not work as I have not tested it. So you can try testing many verities like Mid Cap vs Small Cap, or Small Cap vs Large Cap or Large Cap vs Bonds or Growth vs Value or Stocks vs Gold.

Attached is an example of Small Cap vs Large Cap and you can see how it avoid 2008 and been out for the past 3 years while our market has gone sideways.

During bull markets one will be much stronger. You then have that as one of your many BUY signals to add in your Market Gauge to create your Weight of Evidence and when it is not the stronger one it is a Sell or Neutral signal. Just something you might want to explore.