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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: chartseer who wrote (9402)9/23/2010 2:36:08 PM
From: J.B.C.1 Recommendation  Read Replies (1) of 9427
 
We are no where near a "most bullish" condition.

Here's a run-down:

NYSEBP is currently 58%
NYSEBP was 80% in April

BPSPX is currently 58%
BPSPX was 86% in April

All Stock BP is currently 52%
All Stock BP was 72% in April

Optional Stock BP is currently 52%
Optional Stock was 74% in April

NDX BP is currently 66%
NDX BP was 90% in April

The DWA sector bell curve is at 48.97. This is no where near a nose bleed market.

We just went through a summer corrective session. Do you remember just last month (August) how bad it felt if you were in the market? So in one month of a modest gain, we need to start to worry? I don't get it.

I told you yesterday that we're one good up day from going back to favored for domestic equities. Investing is like flying IFR, you have to trust your indicators.

I can give you more, but it's your choice. I lost only 18% in the financial crises, I've blown past my pre-crises level's.

This is a market to buy. Your concerns just tell me a lot of investors are not ready yet and we have a long way up to go.

20 Point SPX: (perfect bail out below 1020, spread triple bottom break and break-down of the bullish support line.



S & P 500 Index (SPX)
Updated Through- 09/22/2010 (1134.280 Down 5.500)
Wkly Mom.- Pos (2 Wks)
SPXEWI RS = Sell, 05/16/2003; col=Os 
Trend Chart Broke a Triple Top on 09/20/2010
Evaluate This Index
  

Bullish Price Obj: 1360. Bullish Reward to Risk 1.98

1480                          |               |                                       1480 
1460                          |               |                                       1460 
1440                          |               |                                       1440 
1420                          |               |                                       1420 
1400 -------------------------|---------------|-----------------------------------    1400 
1380  •                       |               |                                       1380 
1360    •                     |               |                                       1360 
1340      •                   |               |                                       1340 
1320        •                 |               |                                       1320 
1300 ---------•---------------|---------------|-----------------------------------    1300 
1280            •             |               |                                       1280 
1260  X           •           |               |                                       1260 
1240  X O           •         |               |                                       1240 
1220  X O             •       |               |                                       1220 
1200 -X-O---------------•-----|---------------|---4-------------------------------    1200 
1180  X O                 •   |               |   X O                             Top 1180 
1160  X O                   • |               |   X O X                               1160 
1140    O                     •               1   X 5 X O         X                   1140 
1120    O                     | •             C O 3 O X O 6   X   X                   1120 
1100 ---A---------------------|---•-------X---B-O-X-O-X-O-X-O-X-O-9---------------    1100 
1080    O                     |     • X   X O X O X O   O X O X O X               Med 1080 
1060    O                     |       X O X O X 2       O   O X 8 X                   1060 
1040    O X                   |       9 O X O |             O X O                     1040 
1020    O X O                 |       X A     |             7                         1020 
1000 ---O-X-O-----B-----------|-------8-------|-------------------•---------------Bot 1000 
980     O X O X   X O         |       X       |                 •                     980  
960     O X O X O X O         |       X       |               •                       960  
940     O X O X O X O         X   6   X       |             •                         940  
920     O X O X O X O         1 O X O X       |           •                           920  
900  ---O-X-O-X-O-X-O-X-------X-O-5-O-X-------|---------•-------------------------    900  
880     O X O   O X O X O X   X O X 7         |       •                               880  
860     O X     O   O X O X O X O X           |     •                                 860  
840     O           O X O X O X O 4           |   •                                   840  
820                 O   O X C | O X           | •                                     820  
800  -------------------O-X---|-2-X-----------•-----------------------------------    800  
780                     O X   | O X         • |                                       780  
760                     O     | O X       •   |                                       760  
740                           | O X     •     |                                       740  
720                           | 3 X   •       |                                       720  
700  -------------------------|-O-X-•---------|-----------------------------------    700  
680                           | O •           |                                       680  
660                           | •             |                                       660  
640                           |               |                                       640  
620                           |               |                                       620  
600  -------------------------|---------------|-----------------------------------    600  
580                           |               |                                       580  
----                          0               1                                       -----
----                          9               0                                       -----
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