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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wooden ships who wrote (1011)7/25/1997 9:59:00 PM
From: Paul V.   of 42834
 
Truman, I follow Dorsey Wright's Point and Figure Charting. I have to agree with Money to the effect that the large cap stock NYSE is getting into the RED area with a NYSE Bull percentile ranking of 74 percentile equal with the percentile in September '95. It was only surpassed in March '87 at 76% remaining there and above 70% until April '87.

However, the OTC Bull Percentage remained at 64.9 percentile. The previous highes were 68 Percentile in December 1992 and May '96.

Thoughts to reflect!

Paul
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