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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.87-0.1%Jan 9 9:30 AM EST
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To: Stock Farmer who wrote (60166)7/8/2002 3:27:50 AM
From: Jorj X Mckie  Read Replies (2) of 77400
 
Can someone explain the significance of the post at Message 5612953


Yes, I can. In general, what is being shown is the corresponding bullish percentages when a market bottom was reached. The bullish percentages are the number of stocks on a point and figure buy signal. At extreme levels they are a good indication of broad market sentiment. High levels usually indicate excessive bullishness, low levels indicate excessive bearishness.

Right now, the bullish percentages that I follow are saying that we are nowhere near a market bottom.
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