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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Atin who wrote (25391)	6/21/2001 12:07:19 PM
From: Ditchdigger	Respond to of 34808

<lol> well I got out of exds at 1.60..guess the tail wants to get longer<vgb>..;^)DD

To: Atin who wrote (25391)	7/3/2001 2:18:37 AM
From: Chip Anderson	Read Replies (4) \| Respond to of 34808

NYSE Bullish Percent Call-to-Action! We need your help. Consider the following quote: "The NYSE Bullish Percent is simply a compilation of the percent of stocks on the NYSE on Point and Figure buy signals. ...A bullish chart is one where the last signal was a column of X's that exceed the previous column of X's. ...A sixth grader could do it." p.96 Point and Figure Charting, Tom Dorsey OK, we (StockCharts.com) have been taking a lot of heat recently for our NYSE Bullish Percent numbers because they are different from the numbers published by ChartCraft and/or DWA. Unfortunately, those organizations do not publish the components that go into creating their numbers - specifically the list of ticker symbols that they consider part of "the NYSE" (it's constantly changing folks) and the list of ticker symbols that they consider to be on a P&F Buy signal. This makes independent verification of their numbers very difficult. In an effort to resolve the discrepancies between our NYSE BPI numbers and the others out there, we are now publishing the stocks in the NYSE that we show to be on a P&F buy signal. In addition, we are publishing the list of stocks that we consider to be part of the NYSE. That information is now available and updated daily at: stockcharts.com The NYSE BPI number for the day is computed by dividing the number of stocks in the first list by the number of stocks in the second. We store that information under the ticker symbol $BPNYA in our database and anyone can use any of our charting tools to examine our data by using that symbol. Right now, we come up with a BPI number that is around 35 while DWA has a BPI number in the low 50s. Our back-calculated chart doesn't show the BPI rising above 50 even during the big market rallies of the late 90s. We have been over our calculations literally hundreds of times but - despite our sixth grade education ;-) - we cannot resolve the large discrepancy between our numbers and what is published elsewhere. As far as we can tell, one of two things must be true: 1.) We are not determining P&F Buy signals correctly. 2.) The other publishers are using an unspecified subset of the NYSE stocks rather than the complete list. Now the challenge to the P&F community at large (hey, that's you!): Please examine our results closely and help us either find the error in our calculations or confirm our number as a legitimate benchmark. FWIW, our source for stocks on the NYSE is this web page: nasdaq.com We have double-checked this list against non-web sources and are convinced it is up-to-date. Any and all help in this matter is greatly appreciated. You can respond to this message or email me directly. Thanks again, Chip