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 wrote (112)	10/24/2002 3:09:54 PM
From: Michael	Read Replies (1) of 119

Thanks Steve, I've seen Les's work, but I am not sure how to interpret it. I have Zeev cite it as a short term bearish indicator However in the last week some of sectors over 10 SMAs have been over 90% since the 17th! What impressed me about the BP, is that it was very good at catching the bottom of this run back on the 10th (at least if you combined it with a few other things). It not so useful for playing intermediate trends, but it does seem to be a good indicator for longer term stuff. Cheers Michael

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