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Chapter 6. Bottom Fishing, Top Spotting,... > The Daily-Based Breadth Impulse Sign...

The Daily-Based Breadth Impulse Signal

As strong as the Weekly Impulse Signal has been, another breadth impulse signal has provided considerably higher rates of return while invested than the Weekly Impulse Signal, with as high a success rate in terms of the percentage of trades that are profitable as any timing model I have ever seen.

Does a timing model that has produced a 41.6% annualized rate of return while invested over a 34-year period, that has produced profit on 84% of its trades (based on the New York Stock Exchange Index), and that has secured 39 percent of the total buy-and-hold gain of the New York Stock Exchange Index while being invested only 7.4 percent of the time hold any interest? This is the past history of the Daily Based Breadth Impulse Signal, a signal that does not occur all that frequently but that has been extremely powerful when it has taken place, with an average frequency of somewhat less than one signal per year. (I will show you later in this book how to convert the basic version of the Daily Based Breadth Impulse Signal, which is fairly short term in its time frame, to a more intermediate-term version for extended holding periods and expanded returns.)


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