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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (14964)	2/7/1999 8:45:00 PM
From: Jorj X Mckie	Read Replies (1) of 44573

Scott, The NYSEBP was at 68% in 1987 and it reversed down in early September. It didn't give the clear sell signal until the beginning of October (at 50%). I wasn't active in the market then, so I don't know how many days in advance of the correction it was, but I do know that it was one of the things that got Dorsey a tremendous amount of respect since he got all of his clients out of the market in advance of the decline. The correction brought it down to 8%. Pretty drastic. It looks like the NYSEBP reversed up on the first trading day of November. Interestingly, after reversing up 20% it reversed down again for another 8% (no sell signal though). It then went up from 20% to 72% completing the top in early March. tom

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