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Strategies & Market Trends : Longer-Term Market Trends

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To: skinowski who wrote (1918)10/13/2008 8:48:37 AM
From: Jerry Olson  Read Replies (1) of 3209
 
Bullish Percents
Average Level: 5.45

game
meta
wall
oil
rest
tran
medi
oils
prec
real
stee
tele
wast
aero
auto
buil
busi
comp
elec
euti
fina
fore
inet
mach
prot
semi
soft
biom
chem
guti
heal
insu
leis
text
drug
hous
bank
reta
savi
food
0-14 16-20 22-26 28-32 34-36 38-42 44-46 48-52 54-56 58-62 64-66 68-72 74-78 80-86 88-100



this is the sector bell curve for the 40 sectors i watch on Point & Figure, they are at the back of the left goal line. they could go coast to coast as well...but at the very least a move toward the mean or middle of the trading band would be in order at 50% right in the middle of the field...that would be some move folks.

never in the history of keeping these charts have they looked as oversold as this one...same for ALL the bullish percents

at some point near the end of this week i'll be long some in the markets with financials heavily weighted...UYG or XLF...
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