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Strategies & Market Trends : P&S and STO Death Blow's
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To: ajtj99 who wrote (16730)11/23/2002 6:36:42 AM
From: Rich1  Read Replies (1) of 30712
 
Thoughts and comments???

<The BPNYSE, BPOTC and BPOPTI are all now in Bull Confirmed Status. This means all three of these major market indicators have exceeded prior tops. Importantly, May 2001 was the last time all three of these indicators were simultaneously in Bull Confirmed mode. One difference between May 2001 and now is the respective levels of these indicators in May 2001 the BPNYSE was at 60%, the BPOPTI was at 68% and the BPOTC was at 56%. Now these indicators are each below the 50% level so the field position is still excellent. >
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