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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (25420)	7/6/2001 7:57:15 AM
From: Atin	Read Replies (1) of 34808

I have to disagree about the $BPNDX. Just as the different "industry" BPs that are seen on other P&F sites show the currents within the different subparts of the whole market, the $BPNDX shows the currents within the Nasdaq 100. Since $NDX is market cap weighed, it may be going up while the bullish percent is going down if the concentration of money is in the top few stocks as is usually the case. The idea is that the $BPNDX would show the underlying weakness in the $NDX and let you decide what you need to do if you have a portfolio that mimics the $NDX. Same for the SP500. -Atin

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