VERY IMPORTANT BULLISH SIGNAL TRIGGERED TODAY

I want to stress that after today's close I strongly believe (yet, need to confirm) that a brand new Marty Zweig 9-to-1 up day bullish signal has been triggered.

For those of you not familiar with this indicator here is a description:

A "Nine To One Up Day" occurs when this ratio is 90% or higher. According to Martin Zweig, who helped to develop this indicator several decades ago, such a huge imbalance of up volume over down volume "is a significant sign of positive momentum. In other words, when daily up volume leads down volume by a ratio of 9-to-1 or more, that tends to be an important signal for stocks." The quotation comes from Zweig's 1986 book, "Winning on Wall Street."

Also...

How bullish are 9-to-1 up days? Zweig in his book argues that, "Every bull market in history, and many good intermediate advances, have been launched with a buying stamped that included one or more 9-to-1 up days."

Make no mistake people, THIS IS A MASSIVELY BULLISH SIGNAL THAT SHOULD NOT BE IGNORED. PLEASE BE CAREFUL IF YOU ARE SHORT!

Here is the chart that supports the signal....

NYSE Up Volume : NYSE Total Volume