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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (6751)7/13/1999 12:34:00 PM
From: Allan Harris  Read Replies (1) of 15132
 
KLAC Interview Note the two year forecast

The Point & Figure Bullish Percent Sector chart for Semi-Equipment made a low of 6 (Only 6% of the indexed stocks were on P&F BUY Signals) last September. It then triggered a Sector BUY signal in October as it climbed above 30. It reached a high of 80 then dropped below 70 in December, triggering a SELL signal, which lasted until a Double Top BUY signal in May. It has now temporarily peaked at the 86 level and is standing today at 80. A drop below 70 would constitute a reversing SELL Signal. I don't follow the sector, but looking at a chart of AMAT, it appears that this Bullish Percent road map would have been useful for timing considerations. I read the current status as extremely cautious for the sector.

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