Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (22902)	8/4/1999 1:06:00 PM
From: Ms. X	Respond to of 34808

Sorry about that. BP stands for Bullish Percent. The NYSE Bullish Percent runs from 0 to 100%. Normally it doesn't reach 0 or 100 but somewhere in between. Currently the NYSE BP is at 51% reversing down from 58%. The percentage counts how many stocks are on point and figure buy signals. At 58% that means 58% are on buy signals. When it reverses down to 51% that means 7% of the stocks underlying this indicator have given point and figure sell signals. That is a big percentage. I'll post the chart with descriptions and will point the reversals and market drops as close as I can.