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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (9056)	8/5/2001 11:19:32 PM
From: John Madarasz	Read Replies (1) of 209892

I'm never ceased to be amazed<ng> Sorry to hear about the baby... that first cold/sick time is so tough, isn't it? Nothing worse in my book than seeing a little baby sick, man, I feel so bad for 'em... I'm working with Blaine from Security Trader to try to figure out why the StockCharts NYSE Bullish percent #s are so different from DorseyWrights #s... there's a big dif...so be advised... From S/T As for the NYSE Bullish Percents, the longer term indicators remain on SELL signals while 2 of the short term indicators returned to BUY signals. Now, the important thing to note here is that the short term indicators are returning to buy signals prior to reaching (not even coming close to be honest) oversold levels. In other words, if you were looking at a chart of this, you would see the indicator putting in a high, pulling back and then reversing back up. The CAUTION in this situation is that these often result in lower tops. The bottom line is that the reversal back up is not from oversold levels and therefore should be not be taken as a major positive given the circumstances in which the reversal up occurred. yet the Stckcharts site is showing the NYSEBPI reversing up from MUCH lower (bullish) levels... caution for now for anyone viewing those #s. I'll let you know when we get it figured out... Hope the weekend was good otherwise, JM stockcharts.com

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