Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.92

+3.1%

Nov 24 3:59 PM EST

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To: Ian@SI who wrote (45574)	4/18/2001 10:38:30 PM
From: Gottfried	Read Replies (2) of 70976

Ian, this is futile but here goes: counting the number of stocks having buy signals is a mechanical exercise, requiring no judgement. When the number exceeds the previous peak by 2% you have a 'bull confirmed' status. This is no different than saying a stock price has exceeded a previous high and taking that as a buy signal. You don't get the gains from the bottom, of course. But you are more certain the bear is in hibernation. Ask Jacob, since he's practically your neighbor. :) [each time the number of bullish stocks increases by 2% an X is added on top of the column of Xs. ] Gottfried

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