SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Point and Figure Charting
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Al Serrao who wrote (2646)4/28/1998 7:34:00 PM
From: Ms. X  Read Replies (6) of 34808
 
To All: OPTIONAL BULLISH PERCENT REVERSES DOWN!!!!!!

As I have said before this is the indicator that reverses down just
prior to the NYSE bullish percent. Below is the chart. You can see
that a reversal at this level usually takes us down to the 40% level
or so before a reversal back up. You should be able to see by the
chart that the OPTI has always "predicted" a market decline of some degree.
To what degree we don't know.
We have lost the football as Tom says and defense is on the field. Be
aware of your field position. Be prudent, be careful, no fancy stuff,
know your portfolio and have your plan set.

NYSE lost major ground and is very close to reversing as well.

Optional bullish percent chart:

76 August-September 97 high |
74 | 8 X | X<--As of two weeks ago.
72 | 7 O X O | X O
70 --------------| ----X O X O --| X O----------
68 4 | 6 9 O | 3 O
66 X X O | X O | X O <--Todays reversal
64 X O X O C | X O | X
62 2 O X O A X O X X O | X
60 X 3 --6 X O X O X O X ----O --| X ----------
58 X O X O X O X O X O | X
56 X O X O 1 2 X O | X
54 X O 9 | 3 5 O X | 2
52 O X | O X O C O X
50 ------7 X ----| --O X ----O B O X ----------
48 O X | O X O X O X
46 O 8 | O X O X O X
44 O X | 4 X A O X
42 O X | O X 1 <--January Low
40 ------O X ----| --O -------
38 O X | |
36 O X | |
34 O | |
32 | |
30 --------------| --------------| ------------
28 | |
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News