Bullish Percent and VXN type indicators Message Board

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Strategies & Market Trends : Bullish Percent and VXN type indicators

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To: Steve Lee who started this subject	5/9/2002 4:51:40 AM
From: Steve Lee	of 119

It may turn out that certain sectors such as SOX contain too few stocks for $BPSOX to be a reliable indicator. Or it my turn out that it is a great indicator. It may also turn out that the stocks in the index are so closely related in their movements that $BPSOX has a tendency to toggle between 0 and 100, without giving a useful period of bottoming/topping to pick buy/sell signals from. There is one way to find out...

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