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Strategies & Market Trends : The Art of Investing

PICK 45.50

-1.5%

Nov 17 4:00 PM EST

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To: Sun Tzu who wrote (613)	3/25/1999 10:08:00 PM
From: Gottfried	Read Replies (1) of 10601

ST, thanks for your thoughts! For those who might want another measure of the market, Paul V. has compiled the 'bullish percent' of the industry groups followed by Dorsey Wright Assoc., purveyors of Point & Figure data. But to appreciate the 'bullish percent' [bp] one does not need to understand P&F charting. It is enough to understand that bp is the percentage of stocks in a given group that are on a buy signal at present. Paul's data goes back a few weeks and so changes in bp can be seen. [the bp is updated weekly]. Best time to go long a group is when it moves up from a low - under 30% - bp. Message 8530755 most of the names are mnemonic, thus 'bpeuti' means 'bullish percent of electrical utility group'. Dorsey/Wright does have a free trial and there is a very active P&F thread on SI. Gottfried

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