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Strategies & Market Trends : Classic TA Workplace

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To: yard_man who wrote (22714)11/28/2001 8:02:36 AM
From: John Madarasz  Read Replies (1) of 209892
 
typically a sell signal is generated on the bullish percent indexes at the 70 or over level, but it can be relative i believe according the the P&F point scale. i think Allan, like a lot of other folks, really like to see this indicator go th extremes before using it as a reliable buy/sell tool. Please, anyone correct me if this is incorrect... it's a great tool to use in conjuntion with other oversold/overbought indicators

see this NDX unfinished weekly, it currently stands at 77 on the daily

stockcharts.com[e,a]waclnnmy[df][pf][iUb14!Lh5,5]

Best,

John M
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