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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (1737)	8/6/2000 7:13:30 PM
From: Les H	Read Replies (3) \| Respond to of 2103

I think the 20-day HILO is closest to your BPNDX since once the HILO turns positive, usually more stocks will follow. I used the HILO since it often flags the stocks coming out of 4-week bases or troughs. I have 20-day, 40-day, 63-day, and 1-year HILOs generated. Some people use shorter 10-day. I suspect the reason the techs are experiencing few 20-day HIs is that the drop was steep and in a short-time under 21 days. One could also use the 20-day HILO for extremes such as 25 percent of stocks that hit new lows a week ago Friday. I normally get a strong rally in the market when the database of stocks of stocks has 80 or above in both the weighted action list signals and the unconfirmed signals. The latter signals indicates those stocks reversing or giving positive divergences. For example, 80-20 indicates that 80 percent of these signals are indicated long. The first set of signals in the weighted action list are those that are confirmed by price phase. A high proportion of these as longs would indicate that price momentum has turned positive. So, an 80/80 would indicate very oversold and improved momentum such as was the case at the end of May. I use these as my early signals. These should be confirmed by the market indices firing signals as well.