An Intermediate-Term Breadth Signal That Triggered on Friday

Friday was the 2nd 90% Up Volume day within 5 days.  In the past this has been a bullish indication for the intermediate-term.  Below is an updated results table from the 10/11/11 Subscriber Letter study that showed this.

While the market appears overdone short-term, the breadth thrust we saw last week appears to be a positive sign for the intermediate-term.