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: Michael who wrote (111)	10/24/2002 2:57:13 PM
From: Steve Lee	Read Replies (1) of 119

Hi Michael What I did was make a webpage on my hard disk that showed the charts of all 17 SOX members, and another page for BTK. Then I would look at the page and count the PnF buy signals and divide by 17 for the BP. Apparently there is apiece of software called EZ PnF (from memory) that allows you to define groups of stocks and goves you the BP for that group. I think this was mentioned by OX in some of the earlier posts on this thread. Also, if you look on the "News Links and Charts Links", Les posts daily the number of stocks in a sector over certain DMAs. This is a very similar, if not better, way of evaluating overbought/oversold conditions for sectors. It seems to correlate more closely with tops and bottoms and without the lag that BPs give. So I use those DMA figures instead.

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