Bullish Percent and VXN type indicators Message Board

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Strategies & Market Trends : Bullish Percent and VXN type indicators

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To: Steve Lee who started this subject	6/9/2002 5:37:35 PM
From: Steve Lee	of 119

$BPSOX = 5.9 $BPBTK = 17.6 & $BPNDX = 20 for Jun 7 Looks like we are in oversold territory, especially SOX. That doesn't necessarily indicate a buy signal, but if these figures reverse up, then that reversal might be a buy signal. That is how I have used $BPNDX. It remains to be seen whether $BPSOX and $BPBTK signals are as valid. I have only been following the latter two since early May. Initial feelings/guess has me tending to think the $BPSOX and $BPBTK are very useful indicators, but a more extreme signal is needed than for BPs with more diversity and more member stocks. $BPSOX at 5.9% seems extreme enough to qualify.

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