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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Lee Lichterman III who wrote (77848)3/26/2023 3:04:37 PM
From: rimshot3 Recommendations

Recommended By
ajtj99
Lee Lichterman III
Lou Weed

  Read Replies (1) of 98151
 
Lee, you probably could care less about this measure but here it is anyway:

compare the early February through March 24th patterns by $BPOEX vs. $BPSPX ...
if the market is heading toward/above $SPX 4,180 or toward/below $SPX 3,730 ... a forewarning
is already likely to soon be provided by the developing action in $BPOEX charts vs. $BPSPX charts

- Bullish Percents Index -

The Bullish Percent Index fluctuates between 0% and 100%.
In its most basic form, the Bullish Percent Index favors the bulls
when above 50% and the bears when below 50%.

BP's are also considered overbought when above 70%
and oversold when below 30%.

BP's explained at Chart School -

school.stockcharts.com
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