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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: Cressidaadr who wrote (49511)5/1/2013 3:04:27 PM
From: quote 0075 Recommendations  Read Replies (2) of 221953
 
i'll interject a comment--i think what fintas is telling you is dorsey looks at every sector--and within that sector there are a group of stocks--they than look at how many of those stocks within each sector are on a point and figure buy signal --so for example in precious metals there are only 8% of the stocks on a buy signal so precious metals has a bullish percent of 8%--the lowest sector on the bell curve currently--on the other side of the bell curve is insurance with 88% of the stocks in that sector on a point and figure buy signal- other sectors fall somewhere in between.
what happens is the sectors tend to end up bunched at one end or the other at extremes--
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